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Zac100x
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2021-07-23
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Amazon, Ford-Backed Tesla Rival Rivian Plans 2nd US Manufacturing Facility
Amazon.com Inc AMZN 1.47% andFord Motor CoF 1.97%-backed electric vehicle maker Rivian is scouting l
Amazon, Ford-Backed Tesla Rival Rivian Plans 2nd US Manufacturing Facility
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2021-07-21
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2021-07-21
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2021-07-19
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Evergrande Shares, Bonds Slump After Unit’s Bank Deposit Frozen
(Bloomberg) -- China Evergrande Group’s shares and dollar bonds slumped after a court ordered the fr
Evergrande Shares, Bonds Slump After Unit’s Bank Deposit Frozen
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Setting up a new vehicle plant could cost up to $1 billion or more and a battery cell production factory can be set up for at least $2 billion.</p>\n<p><b>Why It Matters:</b>The California-based startup is valued at $27.6 billion and isreportedly planningto get a U.S. listing in September. The IPO timing is not certain and the listing could occur in late 2021 or even 2022, as per a Bloomberg report.</p>\n<p>Rivian CEO <b>RJ Scaringe</b> had just last week in a letter to customers revealed a delay in the deliveries of the launch edition of its electric pickup truck R1T to September, previously expected in July. R1S deliveries have been pushed back to fall.</p>\n<p>Amazon has an agreement with Rivian to deliver100,000 electric delivery vansas it strives to be carbon neutral by 2040.</p>\n<p>EV startups and legacy automakers are competing to bring their electric pickup trucks to the market, amid a shift in demand.</p>\n<p><b>Ford Motor Co</b> F 1.97% revealed the electric version of its best-selling F-150 pickup truck last week that will go into production next year.<b>General Motors Co</b> GM 2.37% is working on athird full-size electric pickup truck.</p>\n<p><b>Tesla Inc’s</b> TSLA 0.92% Cybertruck is expected to go into production later this year.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Amazon, Ford-Backed Tesla Rival Rivian Plans 2nd US Manufacturing Facility</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAmazon, Ford-Backed Tesla Rival Rivian Plans 2nd US Manufacturing Facility\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Benzinga </p>\n<p class=\"h-time\">2021-07-23 14:48</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<p><b>Amazon</b><b>.com Inc</b> AMZN 1.47% and<b>Ford Motor Co</b>F 1.97%-backed electric vehicle maker <b>Rivian</b> is scouting locations to build a second manufacturing plant in the United States, the company said in a statement to Benzinga on Thursday.</p>\n<p><b>What Happened:</b>Rivian currently has a manufacturing facility in Normal, Illinois and a second plant help the EV startup expand capacity and include a 50 gigawatt-hour (GWh) battery cell production operation, as perReuters, which first reported the development.</p>\n<p>“While it's early in an evolving process, Rivian is exploring locations for a second U.S. manufacturing facility,” Rivian spokeswoman Amy Mast told Benzinga.</p>\n<p>“We look forward to working with a supportive, technology-forward community in order to create a partnership as strong as the <a href=\"https://laohu8.com/S/AONE.U\">one</a> we have with Normal, Illinois.”</p>\n<p>The project requires an estimated 2,000 acres of land and construction could begin in Fall, as per Reuters. Setting up a new vehicle plant could cost up to $1 billion or more and a battery cell production factory can be set up for at least $2 billion.</p>\n<p><b>Why It Matters:</b>The California-based startup is valued at $27.6 billion and isreportedly planningto get a U.S. listing in September. The IPO timing is not certain and the listing could occur in late 2021 or even 2022, as per a Bloomberg report.</p>\n<p>Rivian CEO <b>RJ Scaringe</b> had just last week in a letter to customers revealed a delay in the deliveries of the launch edition of its electric pickup truck R1T to September, previously expected in July. R1S deliveries have been pushed back to fall.</p>\n<p>Amazon has an agreement with Rivian to deliver100,000 electric delivery vansas it strives to be carbon neutral by 2040.</p>\n<p>EV startups and legacy automakers are competing to bring their electric pickup trucks to the market, amid a shift in demand.</p>\n<p><b>Ford Motor Co</b> F 1.97% revealed the electric version of its best-selling F-150 pickup truck last week that will go into production next year.<b>General Motors Co</b> GM 2.37% is working on athird full-size electric pickup truck.</p>\n<p><b>Tesla Inc’s</b> TSLA 0.92% Cybertruck is expected to go into production later this year.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"F":"福特汽车","AMZN":"亚马逊","TSLA":"特斯拉"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1125408569","content_text":"Amazon.com Inc AMZN 1.47% andFord Motor CoF 1.97%-backed electric vehicle maker Rivian is scouting locations to build a second manufacturing plant in the United States, the company said in a statement to Benzinga on Thursday.\nWhat Happened:Rivian currently has a manufacturing facility in Normal, Illinois and a second plant help the EV startup expand capacity and include a 50 gigawatt-hour (GWh) battery cell production operation, as perReuters, which first reported the development.\n“While it's early in an evolving process, Rivian is exploring locations for a second U.S. manufacturing facility,” Rivian spokeswoman Amy Mast told Benzinga.\n“We look forward to working with a supportive, technology-forward community in order to create a partnership as strong as the one we have with Normal, Illinois.”\nThe project requires an estimated 2,000 acres of land and construction could begin in Fall, as per Reuters. Setting up a new vehicle plant could cost up to $1 billion or more and a battery cell production factory can be set up for at least $2 billion.\nWhy It Matters:The California-based startup is valued at $27.6 billion and isreportedly planningto get a U.S. listing in September. The IPO timing is not certain and the listing could occur in late 2021 or even 2022, as per a Bloomberg report.\nRivian CEO RJ Scaringe had just last week in a letter to customers revealed a delay in the deliveries of the launch edition of its electric pickup truck R1T to September, previously expected in July. R1S deliveries have been pushed back to fall.\nAmazon has an agreement with Rivian to deliver100,000 electric delivery vansas it strives to be carbon neutral by 2040.\nEV startups and legacy automakers are competing to bring their electric pickup trucks to the market, amid a shift in demand.\nFord Motor Co F 1.97% revealed the electric version of its best-selling F-150 pickup truck last week that will go into production next year.General Motors Co GM 2.37% is working on athird full-size electric pickup truck.\nTesla Inc’s TSLA 0.92% Cybertruck is expected to go into production later this year.","news_type":1,"symbols_score_info":{"TSLA":0.9,"F":0.9,"AMZN":0.9}},"isVote":1,"tweetType":1,"viewCount":2728,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":176995654,"gmtCreate":1626852302178,"gmtModify":1703479292717,"author":{"id":"4089614230658220","authorId":"4089614230658220","name":"Zac100x","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4089614230658220","idStr":"4089614230658220"},"themes":[],"htmlText":"Btc ttm","listText":"Btc ttm","text":"Btc ttm","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/176995654","repostId":"2153908966","repostType":4,"isVote":1,"tweetType":1,"viewCount":3731,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":176995002,"gmtCreate":1626852281906,"gmtModify":1703479291895,"author":{"id":"4089614230658220","authorId":"4089614230658220","name":"Zac100x","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4089614230658220","idStr":"4089614230658220"},"themes":[],"htmlText":"Js","listText":"Js","text":"Js","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/176995002","repostId":"1151834311","repostType":4,"isVote":1,"tweetType":1,"viewCount":3560,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":173515161,"gmtCreate":1626669451053,"gmtModify":1703763055235,"author":{"id":"4089614230658220","authorId":"4089614230658220","name":"Zac100x","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4089614230658220","idStr":"4089614230658220"},"themes":[],"htmlText":"Hi","listText":"Hi","text":"Hi","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/173515161","repostId":"1197809141","repostType":4,"repost":{"id":"1197809141","kind":"news","pubTimestamp":1626666663,"share":"https://ttm.financial/m/news/1197809141?lang=en_US&edition=fundamental","pubTime":"2021-07-19 11:51","market":"hk","language":"en","title":"Evergrande Shares, Bonds Slump After Unit’s Bank Deposit Frozen","url":"https://stock-news.laohu8.com/highlight/detail?id=1197809141","media":"Bloomberg","summary":"(Bloomberg) -- China Evergrande Group’s shares and dollar bonds slumped after a court ordered the fr","content":"<p>(Bloomberg) -- China Evergrande Group’s shares and dollar bonds slumped after a court ordered the freezing of a bank deposit held by its onshore division, raising concern over the company’s ability to repay debts.</p>\n<p>The stock tumbled almost 7% on Monday in Hong Kong trading, while Evergrande’s dollar bond due 2025 fell 2.3 cents on the dollar to 62.7 cents, set for its biggest drop in nearly two weeks, Bloomberg-compiled prices show.</p>\n<p>A court in Jiangsu province ordered the freezing of a 132 million yuan ($20 million) bank deposit held by Hengda Real Estate Group and its unit at the request of China Guangfa Bank Co., according to a court ruling released on July 13 that circulated among traders over the weekend. China Chengxin International Credit Rating Co., the country’s largest credit risk assessor, previously added Hengda Real Estate to a watch list, partly because of past-due commercial bill payments.</p>\n<p>The news deepens concern over the financial health of China’s most indebted developer as Beijing cracks down on excess leverage in the property sector. Founder Hui Ka Yan met last month with officials from the country’s top financial regulator, who urged him to solve Evergrande’s cashflow problems as quickly as possible.</p>\n<p>“Evergrande is on the brink of a crisis,” said Shen Chen, a partner at Shanghai Maoliang Investment Management LLP. “The application for asset freezing and the recent overdue commercial bills indicate that Evergrande’s debt and liquidity situation is deteriorating. The company may find it more difficult to raise funding in the future, whether in public bond markets or shadow banking activities such as trust loans.”</p>\n<p>Evergrande’s main onshore subsidiary had about $32 billion of commercial bills outstanding as of December, the most of any major Chinese real estate company. Some bills issued by its units were earlier this month trading in the secondary market at implied yields as high as 36%, after a series of missed payments this year.</p>\n<p>Guangfa Bank said “the situation is urgent and its legal interest will be irrevocably damaged if it doesn’t immediately file the asset freeze petition,” according to the ruling.</p>\n<p>A representative for Evergrande didn’t immediately respond to an emailed request for comment on Monday.</p>\n<p>The latest news also triggered speculation Evergrande may struggle to get approval for a special dividend at a meeting next week. The stock had jumped almost 10% on Friday after Evergrande said it will consider an additional payout to shore up its share price, which has been trading near a four-year low.</p>\n<p>The stock has fallen 33% in the past three months to lead declines on the MSCI China Real Estate Index. The shares last last traded down 4.5%.</p>","source":"lsy1612507957220","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Evergrande Shares, Bonds Slump After Unit’s Bank Deposit Frozen</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nEvergrande Shares, Bonds Slump After Unit’s Bank Deposit Frozen\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-19 11:51 GMT+8 <a href=https://finance.yahoo.com/news/evergrande-shares-bonds-slump-unit-022737268.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- China Evergrande Group’s shares and dollar bonds slumped after a court ordered the freezing of a bank deposit held by its onshore division, raising concern over the company’s ability to...</p>\n\n<a href=\"https://finance.yahoo.com/news/evergrande-shares-bonds-slump-unit-022737268.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"03333":"中国恒大"},"source_url":"https://finance.yahoo.com/news/evergrande-shares-bonds-slump-unit-022737268.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1197809141","content_text":"(Bloomberg) -- China Evergrande Group’s shares and dollar bonds slumped after a court ordered the freezing of a bank deposit held by its onshore division, raising concern over the company’s ability to repay debts.\nThe stock tumbled almost 7% on Monday in Hong Kong trading, while Evergrande’s dollar bond due 2025 fell 2.3 cents on the dollar to 62.7 cents, set for its biggest drop in nearly two weeks, Bloomberg-compiled prices show.\nA court in Jiangsu province ordered the freezing of a 132 million yuan ($20 million) bank deposit held by Hengda Real Estate Group and its unit at the request of China Guangfa Bank Co., according to a court ruling released on July 13 that circulated among traders over the weekend. China Chengxin International Credit Rating Co., the country’s largest credit risk assessor, previously added Hengda Real Estate to a watch list, partly because of past-due commercial bill payments.\nThe news deepens concern over the financial health of China’s most indebted developer as Beijing cracks down on excess leverage in the property sector. Founder Hui Ka Yan met last month with officials from the country’s top financial regulator, who urged him to solve Evergrande’s cashflow problems as quickly as possible.\n“Evergrande is on the brink of a crisis,” said Shen Chen, a partner at Shanghai Maoliang Investment Management LLP. “The application for asset freezing and the recent overdue commercial bills indicate that Evergrande’s debt and liquidity situation is deteriorating. The company may find it more difficult to raise funding in the future, whether in public bond markets or shadow banking activities such as trust loans.”\nEvergrande’s main onshore subsidiary had about $32 billion of commercial bills outstanding as of December, the most of any major Chinese real estate company. Some bills issued by its units were earlier this month trading in the secondary market at implied yields as high as 36%, after a series of missed payments this year.\nGuangfa Bank said “the situation is urgent and its legal interest will be irrevocably damaged if it doesn’t immediately file the asset freeze petition,” according to the ruling.\nA representative for Evergrande didn’t immediately respond to an emailed request for comment on Monday.\nThe latest news also triggered speculation Evergrande may struggle to get approval for a special dividend at a meeting next week. The stock had jumped almost 10% on Friday after Evergrande said it will consider an additional payout to shore up its share price, which has been trading near a four-year low.\nThe stock has fallen 33% in the past three months to lead declines on the MSCI China Real Estate Index. The shares last last traded down 4.5%.","news_type":1,"symbols_score_info":{"03333":0.9}},"isVote":1,"tweetType":1,"viewCount":2195,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"defaultTab":"posts","isTTM":true}