Since we suggested that NIO shares should be part of a portfolio, when looking to help accelerate the electric car revolution, the stock has risen tremendously, by roughly 400 percent. Nio has risen to the point where further investments need careful considerations, because even with more gain most of it will be from hype feeding…
Nortvolt, a Swedish company founded by two former TESLA employees recently secured $1,6 billion to finance the construction of two Gigafactories, battery manufacturing plants. The locations for Northvolt One is Skellefteå, Sweden, and Northvolt Two in Salzgitter, Germany. A consortium of companies, financial institutions, and governments, including Volkswagen, BMW, UniCredit Bank Austria, and the German…
NIO was founded in Shanghai, China in 2014, and focuses on e-mobility. The first car model was revealed in 2016, the EP9, an electric-powered, two-seat sports car. Since then NIO sold over 50,000 cars, primarily in China. Interestingly, they also provide a sophisticated battery-swap infrastructure, offering a fully charged battery within 3 minutes, so far at over…
After World War 2, the Volkswagen factory in Wolfsburg, Germany was under British occupation. The future of the automaker was unclear, the Volkswagen company which was formed during the war years, only built a few hundreds of private cars, and otherwise was focused on delivering military vehicles. Since the factory was originally constructed to built…
Daniel Susskind from Balliol College, Oxford university, and the author of ‘A World Without Work’ writes in the Financial Times, ‘A cash payment made to everyone, with no strings attached, can support workers through the crisis.’ He goes on: The coronavirus crisis is a disaster for many workers. In the UK, for instance, we often…
Update 3/11/20 OilPrice: As a result, the immediate victim will be U.S. shale. “[O]il should bottom out when producers begin physically shutting in wells, which is indeed what set the floor four years ago,” the investment bank added. The carbon bubble is a hypothesized bubble in the valuation of companies dependent on fossil-fuel-based energy production, because the true costs of carbon…
The Leaders of the G20 met in Osaka, Japan from 28-29 June 2019, and declared united efforts to address major global economic challenges, to foster global economic growth, while harnessing the power of technological innovation, in particular digitalization, and its application for the benefit of all. The G20 had been at risk of ending without a…
The CDU is Germany’s leading party, even though losing big stakes in recent elections to the far-right and the Green party. The current debate in light of Germany’s lack of climate change actions, let alone leadership, centers around taxation of carbon dioxide emitting fossil fuels. A carbon tax is a tax levied on the carbon content of fuels.[1] It is a form…
An oil war is a conflict about petroleum resources, or their transportation, consumption, or regulation. The term may also refer generally to any conflict in a region that contains oil reserves or is geographically positioned in a location where an entity has or may wish to develop production or transportation infrastructure for petroleum products. Historically,…
Panel discussion on climate leadership at the World Economic Forum, January 24, 2019. Speakers Andy Serwer (Editor in Chief Yahoo Finance) Mark Rutte (Prime Minister of the Netherlands) Christian Mumenthaler (CEO Swiss Re) Feike Sybesma (CEO Royal DSM) Rachel Kyte (UN Sustainable Energy) Ma Jun (Chairman China Green Finance) According to the UN Intergovernmental Panel…
Special address by the United Nations Secretary General António Guterres at the World Economic Forum, January 24, 2019. Source, https://www.weforum.org/events/world-economic-forum-annual-meeting/sessions/special-address-by-antonio-guterres-secretary-general-of-the-united-nations-e018d7ec-4526-4c72-bb33-45ecdb89f468
The world is facing the increased risk of political confrontations between major powers, which is hindering solutions to challenges like climate change, according to the The WEF report, called the Global Risks Report 2019. https://www.cnbc.com/2019/01/16/davos-founders-warn-of-rising-tension-between-the-worlds-superpowers.html Read the report https://www.weforum.org/reports/the-global-risks-report-2019 Extreme Weather Lack of Climate Action top Davos Global Risk The world is facing the increased…