Poor sales of electric cars in Europe and America have put the fourth largest battery manufacturer in the world in a difficult position.

South Korean electric car battery manufacturer SK On is in crisis due to sluggish sales of electric cars in Europe and the United States, with 10 consecutive quarters of losses and soaring debts. Commentators say that Korean battery makers are "very disappointed" with American auto manufacturers, and General Motors predicts that it will sell 1 million electric cars by 2025, but only sold 21,930 in the second quarter of this year.

wallstreetcn23:48 ET

Under heavy pressure from the global slowdown in the electric autos market, LG's new energy fund's profits plummeted 58%.

The continuous slowdown in sales of electric cars has had a significant impact on the performance of LG new energy fund, causing its second-quarter profit to fall short of analyst expectations.

Zhitong Finance23:32 ET

Counterpoint: Pure electric car sales will surpass 10 million vehicles in 2024, and the growth of hybrid cars will exceed pure electric cars.

China remains the dominant force in the pure electric auto market, with pure electric auto sales expected to be four times that of North America by 2024.

Zhitong FinanceJul 4 20:51 ET

Nikola Stock Is Moving Wednesday: What's Going On?

Nikola Corp (NASDAQ:NKLA) shares are trading slightly higher Wednesday after rising more than 8.5% on Tuesday. The stock appears to be moving on continued momentum after the EV maker announced this week that it sold more trucks than it expected in the second quarter.

BenzingaJul 3 09:37 ET

BTIG Maintains Nikola(NKLA.US) With Hold Rating

BTIG analyst Gregory Lewis maintains $Nikola(NKLA.US)$ with a hold rating.According to TipRanks data, the analyst has a success rate of 47.7% and a total average return of 2.0% over the past year.Note

Moomoo NewsJul 3 07:33 ET · Ratings

Baird Maintains Nikola(NKLA.US) With Buy Rating, Cuts Target Price to $14

Baird analyst Ben Kallo maintains $Nikola(NKLA.US)$ with a buy rating, and adjusts the target price from $60 to $14.According to TipRanks data, the analyst has a success rate of 43.3% and a total aver

Moomoo NewsJul 3 07:33 ET · Ratings