Certain automotive companies have held up surprisingly well in the current environment, and that’s especially true with companies that supply automotive parts.
On March 29, T. Rowe Price portfolio manager Tony Wang appeared on CNBC’s 'Closing Bell Overtime' to discuss the current volatility in the tech sector, especially the NASDAQ.
Ownership of EVs is rising in the US. On March 16, CNBC reported that currently there are nearly 6 million battery EVs and plug-in hybrids on the roads.
Operator: Ladies and gentlemen, thank you for standing by. Welcome to Niu Technologies Fourth Quarter 2024 Earnings Release Conference Call. At this time, all participants are in a listen-only mode.
In 2024, the worldwide EV (electric vehicle) market value was roughly $1.32 trillion, as reported by Grand View Research, and it is expected to expand at a CAGR 32.5% between 2025 and 2030.
The automotive industry is starting to shift gears this year as supply chains continue to improve and the worldwide rate-cut cycle stimulates more demand.
Donald Trump had a busy first day in office, revoking former President Biden’s executive orders and announcing new measures that continue to send shockwaves through multiple industries.
Operator: Good day, ladies and gentlemen. Thank you for standing by. Welcome to Niu Technologies Third Quarter 2024 Earnings Conference Call. At this time, all participants are in listen-only mode.