Bayerische Motoren Werke AG ADR 주식 (OTC: BMWYY)

에 대한 최신 뉴스 Bayerische Motoren Werke AG ADR (OTC:BMWYY) 주식

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독일 자동차 제조업체 BMW(OTC:BMWYY)는 화요일(10일) 미국의 전기차 거대 기업인 테슬라(NASDAQ:TSLA)의 완전자율주행(FSD) 운전자 지원 소프트웨어의 최신 버전을 &#34;매우 인상적&#34;이라고 칭찬했다.

BMW &#34;테슬라의 FSD 매우 인상적&#34;, 게리 블랙 &#34;다른 제조사들은 라이선스로 사용하게 될 것&#34;

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새로이 등장한 블록 스타벅스(NASDAQ:SBUX)가 중국 사업의 일부 지분을 매각하려고 한다. 최근 1분기 중국 내 동일 매장 매출이 14% 감소하면서, 시애틀에 본사를 둔 이 커피 소매업체는 치열한 경제적 및 경쟁적 압박에 적응하기 위한 파트너십을 모색하고 있다.

딜 디스패치: 스타벅스 중국 사업 매각 고려, 노스볼트 파산, 다윈 파이낸셜이 광업에 대해 논의

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MERCEDES BENZ GROUP AG by Mercedes Benz Group AG

MBGAF

독일은 이번 주 금요일 유럽연합이 제안한 중국 전기 자동차에 대한 관세에 반대표를 던질 예정이다. 이 결정은 올라프 숄츠 독일 총리에 대한 업계 리더들의 상당한 압력이 있은 후에 나온 것이다.

메르세데스와 BMW의 본거지인 독일, 중국 전기차에 대한 EU 관세에 반대할 예정: 보도

German automaker BMW (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BMWYY#OTC">BMWYY</a>) on Wednesday took down its <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/12/42430368/bmw-calls-tesla-fsd-very-impressive-gary-black-says-automakers-will-eventually-license-it-one-deal-will-cause-others-to-follow">appreciation for</a> Tesla Inc.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) full self-driving (FSD) driver assistance system without an explanation, merely hours after sharing it on social media platform X.
What Happened: BMW on Tuesday applauded the performance of version 13 of FSD in a post on social media platform X, terming it &#8220;very impressive.&#8221;
However, BMW has now taken it down. 
&#8220;Too bad, that was one of their best posts!&#8221; Tesla CEO Elon Musk responded to the deletion.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Too bad, that was one of their best posts!
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1866865120015684000?ref_src=twsrc%5Etfw">December 11, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
The now-deleted comment had raised hopes among Tesla bulls that BMW could eventually license FSD for their vehicles.
"At some point $TSLA will sign an FSD licensing deal with another auto mnfr (manufacturer) who hasn&#8217;t developed an autonomous driving package to their liking. One deal will cause others to follow and then analysts will build licensing revs into their TSLA models and price targets. No one knows when the first one will hit, but there is at least one incoming," said the managing partner at The Future Fund and well-known Tesla bull, Gary Black, on Tuesday.
Why It Matters: Tesla CEO&nbsp;Elon Musk&nbsp;said earlier this year that the company would be &#8220;happy&#8221; to license its&nbsp;<a href="https://www.benzinga.com/news/24/04/38039926/not-an-april-fools-teslas-fsd-wows-ex-cruise-exec-who-calls-its-driving-eerily-natural" target="_blank" rel="noreferrer noopener">full self-driving (FSD) technology&nbsp;</a>to other car companies.
However, in January, the company said that it had&nbsp;<a href="https://www.benzinga.com/news/24/01/36772202/elon-musk-says-tesla-hasnt-received-any-fsd-licensing-agreements-from-rivals-i-think-they-dont-belie" target="_blank" rel="noreferrer noopener">not entered into a single FSD licensing agreement</a>.
Though the company had some tentative conversations, no agreement was entered into. "I think they (rival automakers) don't believe it's real quite yet," Musk then said."I do want to emphasize that if I were CEO of another car company, I would definitely be calling Tesla and asking to license Tesla&#8217;s full self-driving technology.&#8221;
Check out more of Benzinga's Future Of Mobility coverage by&nbsp;<a href="https://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link.</a>
Read Next:
<ul>
<li><a href="https://www.benzinga.com/tech/24/12/42432727/lucids-gravity-gets-official-range-estimate-higher-than-teslas-model-x-but-lower-than-its-own-air-sedan">Lucid&#8217;s Gravity Gets Official Range Estimate: Higher Than Tesla&#8217;s Model X, But Lower Than Its Own Air Sedan</a></li>
</ul>
Photo courtesy: Shutterstock

BMW Takes Down Appreciation For Tesla FSD, Dashing Hopes Of A Licensing Deal With The EV Giant: Elon Musk Says 'Too Bad'

Late last month, JPMorgan analysts stated that with other global regions struggling with various challenges, the U.S. will likely<a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/11/42224850/2025-stock-playbook-tap-into-ais-1-trillion-potential-us-growth-opportunities"> remain the global growth leader</a>. Much of this bold assertion centers on artificial intelligence.
As Benzinga recently reported, AI "is sparking a capital expenditure boom that dwarfs anything seen in decades." Specifically, the companies that comprise the Magnificent 7 – Amazon.com Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), Microsoft Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>), Meta Platforms Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>), NVIDIA Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>), Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) and Apple Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) – plan to invest over $500 billion in capital expenditures and research and development next year.
If so, the collective investments will represent roughly 25% of these tech juggernauts' combined sales. Furthermore, JPMorgan estimates that the wider AI landscape could see total spending breach the $1 trillion mark by the end of the year. This tally includes costs for infrastructure, engineering specialists and data center management.
In addition, the individual names that make up the ranks of the Magnificent 7 have been commanding the spotlight. Earlier this week, Google Quantum AI founder and head Hartmut Neven<a href="https://www.benzinga.com/24/12/42397333/google-quantum-ais-willow-chip-outsmarts-supercomputers-completing-tasks-in-minutes-that-would-take-10-septillion-years"> revealed its latest quantum chip</a> called Willow. Hailed as a major leap in computing technology, Willow can deliver blistering performance while exponentially reducing errors.
On the automotive front, German automaker BMW (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BMWYY#OTC">BMWYY</a>) remarked on social media that Tesla's latest version of its full self-driving (FSD)<a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/12/42430368/bmw-calls-tesla-fsd-very-impressive-gary-black-says-automakers-will-eventually-license-it-one-deal-will-cause-others-to-follow"> driver assistance software</a> was "very impressive." Critically, Gary Black, Managing Partner at The Future Fund, noted the possibility that the electric vehicle manufacturer may license out its FSD tech to another automaker, echoing the sentiments of Tesla CEO Elon Musk.
The Direxion ETFs: Nevertheless, JPMorgan analysts warned that not everything about the Magnificent 7 is without concern. Notably, the experts stated that capital misallocation and lofty growth targets could invite investor skepticism by late next year. If so, the ability to extract returns from both positive and negative narratives forms the backbone of Direxion's innovation-focused exchange-traded funds.
The bulls may be attracted to the Direxion Daily Magnificent 7 Bull 2X Shares (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/QQQU#NYSE">QQQU</a>). Anchored heaviest to Tesla, QQQU seeks to deliver 200% of the performance of the Indxx Magnificent 7 Index. On the other end, bears may consider the Direxion Daily Magnificent 7 Bear 1X Shares (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/QQQD#NYSE">QQQD</a>), which seeks 100% of the inverse performance of the aforementioned index.
Fundamentally, the QQQU and QQQD offer convenient mechanisms for speculation. For one thing, tech's heavy hitters can be found under one roof. Second, investors can enjoy either leverage or a short position without resorting to options and their inherent complexities.
However, it's important to note that Direxion urges investors to not hold a position in either ETF for a period longer than one day. Doing so may result in value erosion due to the daily compounding of volatility.
The QQQU ETF: As expected, the QQQU 2x bull fund has been on a blistering ride since its market debut in March of this year, gaining 87%.
<ul>
<li>At the moment, the leveraged ETF stands firmly above its 20-day exponential and 50-day (simple) moving averages, suggesting sustained momentum.</li>
<li>Despite recent strong volume, QQQU printed a candlestick reminiscent of a "shooting star," which may suggest temporary overextension.</li>
</ul>
<figure class="wp-block-image"><img decoding="async" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXe4P6cPMEpTNjuJBcSs2ydqd2LucEFbfAZGMZYqyIxv11MQ3mWxLrxqLoy-ojlhPdfnToHEkR49LZF-h423JJED722YKhSk5PVJ3Z8y_TMgiGdgZfeM7-RdXZWSm9wQkD4ITeAX?key=E9CiGBgn4GpLBA34bQoWpAL8" alt="" /></figure>
The QQQD ETF: On the other side of the tracks, the QQQD ETF has incurred a rough outing since its March debut, losing approximately 31% of its value.
<ul>
<li>In a complete flipping of sentiment, the inverse fund sits well below its 20-day exponential moving average and 50 DMA, posing significant concerns.</li>
<li>However, the bear ETF also appears to have printed a "hammer" candlestick, which possibly suggests a temporary reprieve in the downward trend.</li>
</ul>
<figure class="wp-block-image"><img decoding="async" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXcRZOHfZaXWoAGriCv1V8xAQr_CjoHDDySfI1ratwJzGYsI19Girz5fcFE_CD-xz3UBKw2h9rTz4CXl4zEaNt0--hjC8emlcEtEiWxM2-sehtNYOWk8AbuvCffwPEqvEyl1wL9BVw?key=E9CiGBgn4GpLBA34bQoWpAL8" alt="" /></figure>
Featured photo by <a href="https://pixabay.com/users/deltaworks-37465/?utm_source=link-attribution&amp;utm_medium=referral&amp;utm_campaign=image&amp;utm_content=7662721">Kohji Asakawa</a> on <a href="https://pixabay.com/?utm_source=link-attribution&amp;utm_medium=referral&amp;utm_campaign=image&amp;utm_content=7662721">Pixabay</a>.

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A Tech Renaissance Could Offer Enticing Opportunities In Direxion's QQQU, QQQD ETFs

German automaker BMW (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BMWYY#OTC">BMWYY</a>) on Tuesday applauded American EV giant Tesla Inc.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) full self-driving (FSD) driver assistance software&#8217;s latest version, terming it &#8220;very impressive.&#8221;
What Happened: BMW was responding to a video of a Tesla owner navigating through streets without their hands on the wheel using version 13 of the company&#8217;s FSD software.
&#8220;Wery impressive,&#8221; BMW wrote on social media platform X.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">very impressive
&mdash; BMW (@BMW) <a href="https://twitter.com/BMW/status/1866548798798844297?ref_src=twsrc%5Etfw">December 10, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Tesla responded to the comment with a cheeky &#8220;Hi BMW&#8221; and a grinning emoji. 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Hi <a href="https://twitter.com/BMW?ref_src=twsrc%5Etfw">@BMW</a> &#x1f600;
&mdash; Tesla (@Tesla) <a href="https://twitter.com/Tesla/status/1866563548228309419?ref_src=twsrc%5Etfw">December 10, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
The comment has raised hopes among Tesla bulls that the company could eventually license the technology for their vehicles.
&#8220;At some point $TSLA will sign an FSD licensing deal with another auto mnfr (manufacturer) who hasn't developed an autonomous driving package to their liking. One deal will cause others to follow and then analysts will build licensing revs into their TSLA models and price targets. No one knows when the first one will hit, but there is at least one incoming,&#8221; Gary Black, Managing Partner at The Future Fund, said on Tuesday.
Black, however, added that he wouldn&#8217;t be accounting for a potential licensing deal while determining his price target for Tesla.
&#8220;There has to be real meat behind it or we don't count it,&#8221; Black said. The analyst has a 6-12 month <a href="https://www.benzinga.com/markets/equities/24/12/42404312/gary-black-boosts-tesla-price-target-by-27-to-380-citing-25k-hatchbacks-market-potential">price target of $380</a> on Tesla.
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<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">At some point <a href="https://twitter.com/search?q=%24TSLA&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$TSLA</a> will sign an FSD licensing deal with another auto mnfr who hasn't developed an autonomous driving package to their liking. One deal will cause others to follow and then analysts will build licensing revs into their TSLA models and price targets. No one knows… <a href="https://t.co/wb266zgyQc">https://t.co/wb266zgyQc</a>
&mdash; Gary Black (@garyblack00) <a href="https://twitter.com/garyblack00/status/1866586358224994504?ref_src=twsrc%5Etfw">December 10, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Why It Matters: Tesla CEO Elon Musk said earlier this year that the company would be "happy" to license its&nbsp;<a href="https://www.benzinga.com/news/24/04/38039926/not-an-april-fools-teslas-fsd-wows-ex-cruise-exec-who-calls-its-driving-eerily-natural" target="_blank" rel="noreferrer noopener">full self-driving (FSD) technology&nbsp;</a>to other car companies. 
However, in January, the company said that it had&nbsp;<a href="https://www.benzinga.com/news/24/01/36772202/elon-musk-says-tesla-hasnt-received-any-fsd-licensing-agreements-from-rivals-i-think-they-dont-belie" target="_blank" rel="noreferrer noopener">not entered into a single FSD licensing agreement</a>.
Though the company had some tentative conversations, no agreement was entered into. &#8220;I think they (rival automakers) don&#8217;t believe it&#8217;s real quite yet,&#8221; Musk then said.&#8221;I do want to emphasize that if I were CEO of another car company, I would definitely be calling Tesla and asking to license Tesla's full self-driving technology."
Check out more of Benzinga&#8217;s Future Of Mobility coverage by&nbsp;<a href="https://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link.</a>
Read Next:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/tech/24/12/42429588/gms-cruise-exit-draws-sharp-reaction-from-co-founder-kyle-vogt-tesla-ceo-elon-musk-says-autonomous-driving-is-a-very-hard-problem">GM&#8217;s Cruise Exit Draws Sharp Reaction From Co-Founder Kyle Vogt: Tesla CEO Elon Musk Says Autonomous Driving Is A &#8216;Very Hard Problem&#8217;</a></li>
</ul>
Photo courtesy: Shutterstock

BMW Calls Tesla FSD 'Very Impressive,' Gary Black Says Automakers Will Eventually License It: 'One Deal Will Cause Others To Follow'

<h3 class="wp-block-heading">New On The Block</h3>
<ul>
<li>Starbucks (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBUX#NASDAQ">SBUX</a>) is looking to sell a stake in its Chinese operations. Same-store sales in China fell 14% last quarter, with the Seattle-based coffee retailer seeking partnerships to adapt to tough <a href="https://www.benzinga.com/news/asset-sales/24/11/42117962/starbucks-eyes-stake-sale-in-china-amid-fierce-competition-and-falling-sales">economic and competitive pressures</a>.</li>
</ul>
<h3 class="wp-block-heading">Bankruptcy Block</h3>
<ul>
<li>Snack producer Hearthside Food Solutions went bankrupt. The private equity-owned company looks to offload the $1.9 billion in debt accumulated under the ownership of Partners Group Holding AG and Charlesbank Capital Partners. The two firms bought Hearthside for more than $2.4 billion. Assets and liabilities hover between $1 billion and $10 billion. Last year, bankrupt private equity portfolio companies in the U.S. <a href="https://www.spglobal.com/marketintelligence/en/news-insights/latest-news-headlines/private-equity-portfolio-companies-on-track-for-most-bankruptcies-since-2020-74886821">outpaced</a> the number of <a href="https://www.benzinga.com/news/20/10/17861269/bankruptcy-update-ruby-tuesday-files-chapter-11-while-progress-slows-for-jcpenney">bankruptcies in 2020</a>. It remains to be seen whether 2024 will be worse.</li>
</ul>
<ul>
<li>Northvolt <a href="https://northvolt.com/articles/peter-carlsson-steps-aside/">filed</a> for bankruptcy with debt of $5.8 billion. Recall how the Swedish battery maker, which supplies Volkswagen AG&nbsp;(OTC:<a class="ticker" href="https://www.benzinga.com/stock/VWAGY#OTC">VWAGY</a>) and&nbsp;Bayerische Motoren Werke AG&nbsp;(OTC:<a class="ticker" href="https://www.benzinga.com/stock/BMWYY#OTC">BMWYY</a>), bargained with banks to <a href="https://www.benzinga.com/news/23/03/31506581/volkswagen-bmw-battery-supplier-northvolt-eyes-raising-5b-via-debt">raise debt last year</a>. Now, it&#8217;s hoping to restructure under U.S. Chapter 11.</li>
</ul>
See Also: <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/11/42024210/benzinga-bulls-and-bears-tesla-disney-gold-and-hedge-funds-project-bitcoin-to-hit-100k-150k">Benzinga Bulls And Bears: Tesla, Disney, Gold — And Hedge Funds Project Bitcoin To Hit $100K-$150K</a>
<h3 class="wp-block-heading">Updates From The Block</h3>
<ul>
<li>Google&#8216;s $2-billion <a href="https://www.benzinga.com/news/large-cap/23/10/35474706/googles-ai-ambitions-grow-with-major-investment-in-openai-rival-anthropic">investment</a> in Anthropic is in jeopardy, according to <a href="https://www.bloomberg.com/news/articles/2024-11-21/us-justice-department-seeks-to-unwind-google-s-anthropic-deal">Bloomberg</a>. Anthropic is a Jeff Bezos-backed rival to artificial intelligence (AI) innovator OpenAI. The U.S. Department of Justice (DOJ) recommended in <a href="https://www.benzinga.com/tech/24/11/42105079/googles-unlawful-behavior-stifles-market-entry-for-rivals-doj-says-alphabet-must-sell-chrome-to-end-search-monopoly">a court filing Wednesday</a> that Alphabet Inc&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) Google divest its Chrome browser to dismantle its monopoly on online search. It doesn&#8217;t end there. Google should be barred from doing any deals with companies that control where consumers search for information, regulators say. <a href="https://www.benzinga.com/tech/24/11/42123646/google-anthropic-deal-in-jeopardy-as-us-justice-department-looks-to-snap-online-search-monopoly">That includes AI products</a>.</li>
</ul>
<ul>
<li>Ricky Williams&#8216; Highsman merges with hemp brand Frozen Fields, forming Top Seed Inc. The partnership blends cannabis and hemp sectors, leveraging R&amp;D to enhance products <a href="https://www.benzinga.com/markets/cannabis/24/11/42097662/ricky-williams-highsman-merges-with-hemp-brand-frozen-fields">and control supply chains</a>.</li>
</ul>
<ul>
<li>MakeMyTrip acquires Happay from CRED. The deal is expected to enhance corporate travel and expense management solutions in India. Happay&#8217;s team will integrate with MakeMyTrip, supporting <a href="https://www.benzinga.com/general/travel/24/11/42039458/makemytrip-agrees-to-acquire-happay-bolstering-its-arsenal-for-corporate-travel-solutions">over 900 clients post-acquisition</a>.</li>
</ul>
<ul>
<li>Amcor plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMCR#NYSE">AMCR</a>) and Berry Global Group, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BERY#NYSE">BERY</a>) agreed to merge in an all-stock transaction, with the deal valuing Berry stock <a href="https://www.benzinga.com/news/large-cap/24/11/42069248/amcor-and-berry-seal-the-deal-73-59-per-share-merger-to-forge-packaging-powerhouse">at $73.59 per share</a>.</li>
</ul>
<ul>
<li>Nippon Steel (OTC:<a class="ticker" href="https://www.benzinga.com/stock/NISTF#OTC">NISTF</a>) executives have traveled to Pennsylvania to garner support for their $15 billion acquisition bid for U.S. Steel (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/X#NYSE">X</a>). The Japanese steel giant is encountering political resistance in Washington. Takahiro Mori, vice-chair of Nippon Steel, arrived in Pittsburgh on Saturday to advocate for the acquisition. The deal faces opposition from both President Joe Biden and President-elect Donald Trump, who prefer U.S. Steel to <a href="https://www.benzinga.com/markets/24/11/42056111/nippon-steel-execs-rally-support-in-pennsylvania-amid-pushback-on-us-steel-takeover">remain under American ownership</a>.</li>
</ul>
<h3 class="wp-block-heading">Notes From The Block</h3>
Joshua Robinson, co-founder of Darwin Financial Company, announced a $55-million financing deal with INYOAG LLC. The funds will help develop a solar-powered mine in Inyo County, California where there are proven reserves of silver, lead, zinc, tungsten, and copper. Here&#8217;s our conversation with Robinson:
<h4 class="wp-block-heading">BZ: What is the deal structure between Darwin Financial and base metals miner INYOAG? </h4>
Robinson: The deal structure is a $55M project financing package split into three components: $17.5 million and $12.5 million in six-year notes tied to sulfide and oxide production respectively, plus a $20-million conditional equity commitment that only triggers if the mine hits $10 million in monthly revenue. We get 17% of gross revenues from both production tracks, structured through secure lockbox arrangements. It&#8217;s not a straight equity investment, we specifically designed it this way to provide further upside exposure.
<h4 class="wp-block-heading">Are you looking for additional investors/joint venture partners? </h4>
Yes, we&#8217;ve deliberately structured this to create multiple layers of upside potential, which is pretty unique in the mining space. We&#8217;ve created a hybrid model that offers both near-term cash flow from production and significant expansion potential. We&#8217;re already seeing interest from established mining players, but we&#8217;re particularly excited about bringing new investors into the space who understand the strategic value of critical minerals.
<h4 class="wp-block-heading">What are the downsides to depending on foreign sources of critical minerals?</h4>
China&#8217;s recent actions really highlight the urgency here. They&#8217;ve already implemented export controls on germanium and gallium, and just added antimony to that list. This isn&#8217;t theoretical anymore, it&#8217;s actively happening. We need to build regional resilience in our supply chains, particularly for these minerals that are crucial for defense and technology. The Darwin Mine gives us a unique opportunity to establish a domestic source for multiple critical minerals in a single asset, which is rare to find.
<h4 class="wp-block-heading">Will the mine be powered by solar? </h4>
The 100MW facility wouldn&#8217;t just power the mine. It would generate significant excess clean energy that we can sell back to the grid. What&#8217;s particularly interesting is that we can develop utility-scale energy storage systems using minerals we&#8217;re already producing. It creates a virtuous cycle where our mining operations directly support clean energy deployment
<h4 class="wp-block-heading">What are your 2025 goals?</h4>
For 2025, our key goals are reaching 300 tons per day on sulfide production within six months and 200 tons per day on oxide within nine months of funding. That puts us at $ 10 million in monthly revenue, which then triggers the deeper mine development program.
For last week&#8217;s Deal Dispatch, <a href="https://www.benzinga.com/ma/24/11/42025534/deal-dispatch-shell-unilever-and-more-are-on-the-sell-side-the-onion-makes-alex-jones-cry-foul">click here</a>.
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Image: Benzinga

Deal Dispatch: Starbucks Considers China Sale, Private Equity Bankrupts Snack Company, Darwin Financial Talks Mining

Earnings

BMW Group Q3 2024 Deliveries 540,881 Vs 621,699 YoY

BMW Group Q3 2024 Revenue €32.4B Vs €38.46B YoY

Tesla Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tsla#NASDAQ">TSLA</a>) is having its Robotaxi Day this week. The &lsquo;We, Robot&rsquo; event will be held on October 10th&nbsp;in Hollywood as Tesla booked the massive&nbsp;Warner Bros. Discovery Inc. Studios to unveil its latest model. Considering the impressive venue and the fact&nbsp;that Tesla had delayed this&nbsp;event in order to make some important changes, expectations are high and there are many speculations of what the EV king plans to unveil, the day promises to be &quot;one&nbsp;for the history books&quot;.
Optimizing the charging process.&nbsp;
Yet, the week got kicked off by Nissan Motor Co Ltd (OTC: <a class="ticker" href="https://www.benzinga.com/stock/nsany#OTC">NSANY</a>)&nbsp;deciding to join Bayerische Motoren Werke Aktiengesellschaft (OTC: <a class="ticker" href="https://www.benzinga.com/stock/bmwyy#OTC">BMWYY</a>), Ford Motor (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/f#NYSE">F</a>), and Honda Motor Co (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/hmc#NYSE">HMC</a>), or more precisely the trio&rsquo;s EV integration joint venture.&nbsp;Through its investment, Nissan revealed it will become an equal 25% investor&nbsp;in ChargeScape. BMW and Honda had presented ChargeScape&rsquo;s software that optimizes charging. Through ChargeScape, BMW, Honda, Ford and now Nissan, will provide bidirectional charging, allowing EVs to send power back to the grid when needed, while optimizing the charging process by coordinating with real-time grid demands. Also, BMW, Ford, Honda and Nissan will be providing financial incentives to EV owners to reduce energy use during peak times.&nbsp;
Bringing more clean energy to the EV table.
Having already established a reputation for its &lsquo;made-in-the-USA&rsquo; hybrid and clean energy solutions for light trucks, Worksport Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/wksp#NASDAQ">WKSP</a>) is preparing for a market release of its solar-powered tonneau cover, SOLIS&nbsp;&nbsp;and the COR portable energy system. This clean energy power duo that promises off-grid power on the go has the potential to propel Worksport&rsquo;s mid to long-term revenues. Worksport already has an ongoing collaboration with Hyundai who secured access to these groundbreaking accessories. Also, Worksport will be releasing one of the most in-demand tonneau cover models, AL4 premium tonneau Cover, in the fourth quarter, with innovative four-fold design that offers enhanced functionality and ease of the use. By launching three new product lines, Worksport is aiming to strengthen its positioning and expand market reach. In the fourth quarter, Worksport will also be implementing cost-saving measures to&nbsp;enhance margins and&nbsp;lower operational overhead&nbsp;without compromising growth. With these key strategic advances that will undoubtedly accelerate revenue growth and boost margings, Worksport is aiming for&nbsp;cash flow positivity un 2025.&nbsp;
While Tesla still holds the EV crown, long gone are the days it had the EV throne to itself. Besides already sharing the crown with BYD Company Limited (OTC: <a class="ticker" href="https://www.benzinga.com/stock/byddy#OTC">BYDDY</a>) on some fronts, both traditional automakers and newcomers are also shaping the EV landscape that is in the making, such as Worksport whose SOLIS and COR off-grid clean power duo promises to revolutionize the pickup experience altogether.&nbsp;
DISCLAIMER: This content is for informational purposes only. It is not intended as investing advice.
This article is from an unpaid external contributor. It does not represent Benzinga's reporting and has not been edited for content or accuracy.

Penny Stocks

General

BYDDY

NSANY

WKSP

The EV Evolution Goes On With New Developments

<a href="https://europeancapitalinsights.substack.com/p/german-recession-fears-rise-after?r=3nmatg">German recession concerns</a> increased after factory orders declined more than expected in August, adding concerns about Europe's largest economy.
New orders dropped 5.8% month-on-month in August, the Federal Statistical Office (Destatis) said today. Economists had forecast a decline of 2%, making it the steepest fall since January, according to<a href="https://www.bloomberg.com/news/articles/2024-10-07/german-factory-orders-drop-in-yet-another-sign-of-industry-woe?utm_source=website&amp;utm_medium=share&amp;utm_campaign=twitter?sref=R17xFhjo"> Bloomberg</a>.
Factory orders dropped after "<a href="https://www.destatis.de/EN/Press/2024/10/PE24_381_421.html">very large orders" for aircraft, ships, trains</a>, and military vehicles&nbsp;were placed in July, Destatis said. When large-scale orders are excluded, new orders in August fell 3.4% lower than in July 2024, it said.
<a href="https://www.benzinga.com/topic/germany">Germany&#8217;s economy</a> ministry<a href="https://www.dw.com/en/germany-reckons-with-another-recession-in-2024-report/a-70416091#:~:text=The%20German%20Economy%20Ministry%20expects,major%20newspaper%20reported%20on%20Sunday."> will downgrade its 2024 economic forecast</a>, expecting gross domestic product (GDP) to shrink by 0.2%, newspaper Sueddeutsche Zeitung reported.
<figure class="wp-block-image size-full is-resized"><img loading="lazy" decoding="async" width="922" height="410" src="https://contributor-assets.benzinga.com/wp-content/uploads/2024/10/07124517/Germany3-2.png" alt="" class="wp-image-2013" style="width:624px" srcset="https://contributor-assets.benzinga.com/wp-content/uploads/2024/10/07124517/Germany3-2.png 922w,https://contributor-assets.benzinga.com/wp-content/uploads/2024/10/07124517/Germany3-2-300x133.png 300w,https://contributor-assets.benzinga.com/wp-content/uploads/2024/10/07124517/Germany3-2-768x342.png 768w" sizes="(max-width: 922px) 100vw, 922px" /></figure>
A recovery in the industrial economy in the second half&nbsp; "is unlikely," the ministry said in a statement. It pointed to "<a href="https://insiderpaper.com/recession-fears-mount-as-german-factory-orders-plunge/">persistently weak demand</a> and continued deterioration in corporate sentiment."
DAX fell 170 points following the news, finding its footing around the 19,000 level. The index remained down 0.3% at 12 PM CET. However, as the price failed to reach lows from Friday, the technical thesis of a short-term pullback at the beginning of Q4 remains intact.
<h3 class="wp-block-heading">German Recession Appears More Likely </h3>
Germany is facing an increasing number of economic headwinds.&nbsp;
The country may feel the <a href="https://europeancapitalinsights.substack.com/p/europe-carmakers-criticize-eus-chinese">impact of trade tensions</a> after the European Union <a href="https://europeancapitalinsights.substack.com/p/european-tariffs-on-chinas-ev-makers">imposed tariffs against China's electric vehicle makers</a>. Germany vetoed the decision after pressure from Mercedes-Benz Group (OTC:<a class="ticker" href="https://www.benzinga.com/stock/MBGAF#OTC">MBGAF</a>) and BMW (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BMWYY#OTC">BMWYY</a>).
Volkswagen (OTC:<a class="ticker" href="https://www.benzinga.com/stock/VWAGY#OTC">VWAGY</a>) warned that<a href="https://europeancapitalinsights.substack.com/p/volkswagen-considers-first-ever-closure"> it is considering closing factories</a> amid increased competition with rival Chinese car makers. 
The recessionary outlook adds to <a href="https://open.substack.com/pub/europeancapitalinsights/p/confidence-in-german-economy-plunges?r=3nmatg&amp;utm_campaign=post&amp;utm_medium=web">growing concerns about the German economy</a>. GDP shrank by 0.1% in the second quarter of this year.
<a href="https://www.zew.de/en/zew/news/stagnation-expected-for-the-german-economy">Experts are now signaling economic stagnation</a> this year, the ZEW Institute said on September 23. They lowered their 2024 growth forecast by 0.1 percentage points to just 0.1%.
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="768" src="https://contributor-assets.benzinga.com/wp-content/uploads/2024/10/07124350/csm_Konjunkturtableau_Sep2024_DE_en_285a520309-1024x768.jpg" alt="" class="wp-image-2011" style="width:624px" srcset="https://contributor-assets.benzinga.com/wp-content/uploads/2024/10/07124350/csm_Konjunkturtableau_Sep2024_DE_en_285a520309-1024x768.jpg 1024w,https://contributor-assets.benzinga.com/wp-content/uploads/2024/10/07124350/csm_Konjunkturtableau_Sep2024_DE_en_285a520309-300x225.jpg 300w,https://contributor-assets.benzinga.com/wp-content/uploads/2024/10/07124350/csm_Konjunkturtableau_Sep2024_DE_en_285a520309-768x576.jpg 768w,https://contributor-assets.benzinga.com/wp-content/uploads/2024/10/07124350/csm_Konjunkturtableau_Sep2024_DE_en_285a520309.jpg 1200w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Germany is falling behind the rest of the eurozone in terms of &#8220;both actual growth and growth expectations," ZEW said.
Germany <a href="https://www.destatis.de/EN/Press/2024/09/PE24_337_421.html">releases industrial production data</a> on Tuesday, which is <a href="https://tradingeconomics.com/germany/industrial-production-mom">forecast to increase by 1%</a>. 
In July, industrial production declined by 2.4%, with the automotive industry having "a particularly negative impact," Destatis said.
New orders in the capital and intermediate goods sectors in Germany fell 8.6% and 2.2%, respectively, Destatis said. New orders for consumer goods declined by 0.9%.&nbsp;
<h3 class="wp-block-heading">German Business, Consumer Sentiment Sours</h3>
Business and consumer sentiment in Germany has soured as well.&nbsp;
The ifo Institute's expectations gauge fell in September to 86.3, the lowest since February.
The Ifo expectation index for German retail "clouded over" in September. <a href="https://www.ifo.de/en/facts/2024-10-07/business-climate-german-retail-clouds-over">It fell to -25.6 points, down from -23.1 points</a> in August. Retailers assessed their current situation as slightly worse and have become more pessimistic about the coming months, ifo said today.
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="567" src="https://contributor-assets.benzinga.com/wp-content/uploads/2024/10/07124450/German2-1-1024x567.png" alt="" class="wp-image-2012" style="width:624px" srcset="https://contributor-assets.benzinga.com/wp-content/uploads/2024/10/07124450/German2-1-1024x567.png 1024w,https://contributor-assets.benzinga.com/wp-content/uploads/2024/10/07124450/German2-1-300x166.png 300w,https://contributor-assets.benzinga.com/wp-content/uploads/2024/10/07124450/German2-1-768x425.png 768w,https://contributor-assets.benzinga.com/wp-content/uploads/2024/10/07124450/German2-1.png 1033w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
"Consumers are unsettled about the economic policy environment,"&nbsp; ifo expert Patrick Höppner, said. "No further dynamic growth in private consumer spending can be expected for the rest of 2024."
Disclaimer:
Any opinions expressed in this article are not to be considered investment advice and are solely those of the authors. European Capital Insights is not responsible for any financial decisions made based on the contents of this article. Readers may use this article for information and educational purposes only.&nbsp;
This article is from an unpaid external contributor. It does not represent Benzinga's reporting and has not been edited for content or accuracy.

German Recession Fears Rise After Factory Orders Drop

Germany is poised to vote against the European Union&#8217;s <a href="https://www.benzinga.com/news/24/09/40810974/us-ally-urges-eu-to-reconsider-tariffs-on-chinese-evs-we-dont-need-another-war">proposed tariffs on Chinese electric vehicles this Friday</a>. This decision comes after significant pressure from industry leaders on German Chancellor Olaf Scholz.
What Happened: Germany had previously abstained from a non-binding vote in July concerning the European Commission&#8217;s tariff proposal. The Commission&#8217;s plan requires a qualified majority of 15 EU member states, representing 65% of the EU population, to be implemented, Reuters reported on Friday, citing people with knowledge of the matter. 
France, Greece, Italy, and Poland are reportedly in favor of the tariffs, which could push the measure through.
The Commission argues that the tariffs are necessary to counteract subsidies such as cheap loans and raw materials, aiming for a level playing field rather than excluding Chinese manufacturers. 
However, German carmakers, who derive a significant portion of their sales from China, oppose the tariffs due to fears of retaliatory actions and potential trade conflicts.
The influential German labor union IG Metall and employee representatives from major car manufacturers have issued a joint statement urging Germany to vote against the tariffs, stating, &#8220;tariffs are the wrong approach because they will not improve the competitiveness of the European automotive industry.&#8221;
Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) has been granted provisional approval by <a href="https://www.benzinga.com/news/24/07/39640029/teslas-giga-berlin-expansion-gets-environmental-authority-approval-after-chancellor-scholz-voiced-ai">German authorities to expand its Gigafactory</a> near Berlin, a key move that underscores Tesla&#8217;s growing presence in Europe&#8217;s EV market. 
The German Automotive Industry Association (VDA) reports that 1.27 million battery electric and plug-in hybrid vehicles were manufactured in Germany in 2023, making it the second-largest EV producer globally, behind China. 
Although China dominates global EV output, most of its vehicles are sold domestically, whereas 76% of German EVs are exported, highlighting Germany&#8217;s pivotal role in the international EV market.
Germany&#8217;s carmakers are renowned for their engineering excellence, with brands like Volkswagen (OTC:<a class="ticker" href="https://www.benzinga.com/stock/VWAGY#OTC">VWAGY</a>), which owns ŠKODA, SEAT, CUPRA, Audi, Lamborghini, Bentley, and Porsche; Mercedes-Benz Group (OTC:<a class="ticker" href="https://www.benzinga.com/stock/MBGAF#OTC">MBGAF</a>); and Bayerische Motoren Werke AG (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BMWYY#OTC">BMWYY</a>), which owns BMW, MINI, and Rolls-Royce. 
See Also: <a href="https://www.benzinga.com/news/24/10/41161763/european-telecom-giants-threaten-legal-action-against-elon-musks-starlink-over-potential-fcc-rule-ch?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">European Telecom Giants Threaten Legal Action Against Elon Musk&#8217;s Starlink Over Potential FCC Rule Changes</a>
Why It Matters: The European Union&#8217;s decision on tariffs for Chinese electric vehicles has been a contentious issue, with potential repercussions for international trade. The EU aims to protect its automobile industry from the influx of cheaper Chinese EVs, which <a href="https://www.benzinga.com/news/24/10/41143690/european-tariffs-on-chinas-ev-makers-could-backfire">accounted for 54% of total EV imports</a> to the EU in 2023.
However, this protectionist stance could spark a broader trade war with China, jeopardizing the EU&#8217;s export-dependent companies and its EV targets.
China has already approached the World Trade Organization regarding similar tariffs imposed by Canada, highlighting the potential for <a href="https://www.benzinga.com/news/24/09/40914629/china-warns-eu-tariffs-on-evs-will-harm-trade-with-germany">escalating trade tensions</a>. China&#8217;s commerce minister has warned that the EU&#8217;s tariffs could significantly disrupt trade, particularly with Germany. 
Additionally, Spain&#8217;s Prime Minister Pedro Sánchez has called for a <a href="https://www.benzinga.com/news/24/09/40810974/us-ally-urges-eu-to-reconsider-tariffs-on-chinese-evs-we-dont-need-another-war">reevaluation of the EU&#8217;s stance</a>, emphasizing the need for compromise to avoid further trade disputes.
Read Next: 
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<li><a href="https://www.benzinga.com/markets/equities/24/10/41169516/tesla-recalls-27-185-cybertruck-vehicles-over-rearview-camera-delay?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Tesla Recalls 27,185 Cybertruck Vehicles Over Rearview Camera Delay</a></li>
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Image Via Shutterstock
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Germany, Home To Mercedes And BMW, Set To Oppose EU Tariffs On Chinese EVs: Report

The European Union is set to <a href="https://www.france24.com/en/live-news/20240930-eu-states-plan-friday-vote-on-chinese-ev-tariffs">vote on Friday</a> on whether to back final tariffs on China's electric vehicle (EV) makers.&nbsp;
The EU <a href="https://europeancapitalinsights.substack.com/p/european-tariffs-on-chinas-ev-makers?r=3nmatg">wants to protect its automobile makers</a> against the increasing number of less expensive Chinese EVs entering the market. Of the total <a href="https://think.ing.com/articles/what-the-eus-tariffs-on-chinese-electric-vehicles-could-mean-for-energy-transition/">EV imports to the EU in 2023</a>, 54%&nbsp;originate from China.
But the 27-member bloc's protectionist stance could cause a wider trade war with China. That could hurt the EU's export-dependent companies, its EV targets and threaten critical raw material supplies.&nbsp;
The European Commission (EC)<a href="https://www.nytimes.com/2024/07/04/business/european-union-china-ev-tariffs.html"> imposed provisional tariffs on China's EVs</a> in July <a href="https://asia.nikkei.com/Economy/Trade/China-Europe-in-EV-tariff-stare-down-as-Beijing-drops-retaliation-hints">despite Beijing's previous warning</a> that it would retaliate.
Beijing has denied that it improperly subsidizes EV companies, arguing that its leading role in EVs results from efficient manufacturing.
<figure class="wp-block-image size-full is-resized"><img loading="lazy" decoding="async" width="805" height="448" src="https://contributor-assets.benzinga.com/wp-content/uploads/2024/10/02142904/ING_chart.png" alt="" class="wp-image-1771" style="width:624px" srcset="https://contributor-assets.benzinga.com/wp-content/uploads/2024/10/02142904/ING_chart.png 805w,https://contributor-assets.benzinga.com/wp-content/uploads/2024/10/02142904/ING_chart-300x167.png 300w,https://contributor-assets.benzinga.com/wp-content/uploads/2024/10/02142904/ING_chart-768x427.png 768w" sizes="(max-width: 805px) 100vw, 805px" /></figure>
<a href="https://think.ing.com/articles/what-the-eus-tariffs-on-chinese-electric-vehicles-could-mean-for-energy-transition/">Source</a>: JATO Dynamics, BNEF, ING Research
<h3 class="wp-block-heading">Europe-China EV Talks Stall</h3>
So far, both sides have been unable to compromise on their EV trade differences.&nbsp;
The EU's Commissioner for Trade, Valdis Dombrovskis, and China's Minister of Commerce, Wang Wentao, <a href="https://policy.trade.ec.europa.eu/news/readout-meeting-between-evp-dombrovskis-and-chinese-commerce-minister-wang-2024-09-20_en">held unsuccessful talks</a> on September 19.&nbsp;
"Both sides <a href="https://x.com/VDombrovskis/status/1836795726308708712">agreed to intensify efforts</a> to find an effective, enforceable and WTO compatible solution," Dombrovskis said.&nbsp;
The EC then told EU member countries t<a href="https://www.reuters.com/business/autos-transportation/eu-continue-china-electric-vehicle-talks-even-after-final-vote-say-sources-2024-09-30/#:~:text=BRUSSELS%2C%20Sept%2030%20(Reuters),EU%20official%20said%20on%20Monday.">hat it would continue negotiations with China</a> after the October vote, Reuters reported.&nbsp;
 EU members are split on whether to levy European tariffs for the next five years, adding a further complication. Spain has called on th<a href="https://www.france24.com/en/live-news/20240911-spain-pm-urges-eu-to-reconsider-china-ev-tariffs-plan">e EU to &#8220;rethink&#8221; the duties, aligning</a> with Germany, while France supports them.&nbsp;
<h3 class="wp-block-heading">Automakers Warn Against European Tariffs</h3>
Automobile industry leaders in Europe have pushed back against the tariffs.&nbsp;
Executives from BMW AG (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BMWYY#OTC">BMWYY</a>) and Volkswagen AG (OTC:<a class="ticker" href="https://www.benzinga.com/stock/VWAGY#OTC">VWAGY</a>) have warned that imposing tariffs on Chinese EVs was a bad idea.
&#8220;Protectionism risks starting a spiral," <a href="https://europe.autonews.com/automakers/german-automakers-slam-eus-high-tariffs-chinese-ev-exports">BMW CEO Oliver Zipse said</a> in June. "Tariffs lead to new tariffs, to isolation rather than cooperation."&nbsp;
<a href="http://www.bmw-brilliance.cn/cn/en/news/news/2024-1-09.html#:~:text=Munich%2FBeijing.,mainland%20market%20(%2B4.2%25).">China is a core sales market for BMW</a>. It delivered 824,932 BMW and MINI vehicles in the Chinese mainland market in 2023.
<a href="https://europeancapitalinsights.substack.com/p/volkswagen-considers-first-ever-closure?r=3nmatg">Former Volkswagen AG CEO</a> Herbert Diess reiterated a similar message. "An <a href="https://x.com/economics/status/1799352437800612022">escalating trade spat</a> between China and the West would fuel inflation," he said in June.&nbsp;
Would European tariffs actually slow China's EV expansion into the region? The Rhodium Group, a New York-based independent research provider, doubts their impact.&nbsp;
<figure class="wp-block-image size-full is-resized"><img loading="lazy" decoding="async" width="855" height="431" src="https://contributor-assets.benzinga.com/wp-content/uploads/2024/10/02142956/ing2.png" alt="" class="wp-image-1772" style="width:624px" srcset="https://contributor-assets.benzinga.com/wp-content/uploads/2024/10/02142956/ing2.png 855w,https://contributor-assets.benzinga.com/wp-content/uploads/2024/10/02142956/ing2-300x151.png 300w,https://contributor-assets.benzinga.com/wp-content/uploads/2024/10/02142956/ing2-768x387.png 768w" sizes="(max-width: 855px) 100vw, 855px" /></figure>
<a href="https://think.ing.com/articles/what-the-eus-tariffs-on-chinese-electric-vehicles-could-mean-for-energy-transition/">Source</a>: ITC Trade Map, BNEF, ING Research
"<a href="https://rhg.com/research/aint-no-duty-high-enough/">Duties in the 40-50% range</a> would probably be necessary to make the European market unattractive for Chinese EV exporters," it said in April.
<h3 class="wp-block-heading">Provisional European Tariffs On China</h3>
The EC launched its <a href="https://ec.europa.eu/commission/presscorner/detail/en/ip_24_3231">anti-subsidy investigation against Chinese EVs</a> last year.
The investigation concluded that China's value chain of battery electric vehicles (BEV) benefited from unfair subsidization. This caused a "threat of economic injury to EU BEV producers," the EC said.
The <a href="https://www.bloomberg.com/news/articles/2024-08-21/saic-motor-blames-impending-eu-duties-for-slumping-sales">highest tariffs were imposed</a> on Chinese state-owned automobile manufacturer SAIC Motor (Shanghai:<a href="https://finance.yahoo.com/quote/600104.SS/">600104.SS</a>) at 36.3%. BYD (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BYDDY#OTC">BYDDY</a>) and Volvo's (OTC:<a class="ticker" href="https://www.benzinga.com/stock/VOLAF#OTC">VOLAF</a>) parent, Geely (OTC:<a class="ticker" href="https://www.benzinga.com/stock/GELYF#OTC">GELYF</a>), received lower tariffs of 17.4% and 19.9%.
The EC then cut<a href="https://ec.europa.eu/commission/presscorner/detail/en/qanda_24_4302"> European tariffs marginally</a> at the end of August. It considered submissions and technical corrections by EV companies operating in China.
<h3 class="wp-block-heading">European Tariff Trade Spat With China</h3>
In response to the threat of tariffs, China has accused the EU of violating World Trade Organization (WTO) rules.&nbsp;
"Judgment in the EU's provisional conclusion lacks factual and legal foundation," a Chinese ministry spokesperson said on August 9.&nbsp; "It severely<a href="https://www.bloomberg.com/news/articles/2024-08-09/china-takes-europe-s-ev-tariffs-to-wto-as-trade-tensions-rise?utm_medium=cpc_search&amp;utm_campaign=NB_ENG_DSAXX_DSAXXXXXXXXXX_EVG_XXXX_XXX_COUSA_EN_EN_X_BLOM_GO_SE_XXX_XXXXXXXXXX&amp;gad_source=1&amp;gclid=Cj0KCQjwo8S3BhDeARIsAFRmkOMKaKYs36uGBlOIi64HxfnrIRqjbZv_QwFuVa65JaDuGzVZtWJDcKYaAmA4EALw_wcB&amp;gclsrc=aw.ds"> violated WTO rules</a>."
It then brought the case to the <a href="https://www.wto.org/english/news_e/news24_e/ds626rfc_14aug24_e.htm#:~:text=WTO%20%7C%202024%20News%20items%20%2D%20China,subsidy%20duties%20on%20electric%20vehicles">WTO's rules dispute settlement mechanism</a> on August 14 to "safeguard the development rights and interests" of the EV industry.
A week later, China initiated an anti-subsidy investigation targeting EU milk, cream, and cheese products.
The <a href="https://ec.europa.eu/commission/presscorner/detail/en/ip_24_4821">EC challenged China</a> in September at the WTO against China&#8217;s investigation into EU dairy products. <a href="https://x.com/VDombrovskis">China's investigation</a> "is based on questionable allegations and insufficient evidence," Valdis said on <a href="https://x.com/VDombrovskis">X</a>.&nbsp;&nbsp;
<h3 class="wp-block-heading">Europe Depends On China For Raw Materials</h3>
But a trade war with China would likely hurt European companies and the broader economy.
China imports 22% of its <a href="https://www.reuters.com/breakingviews/eus-china-trade-weak-spots-hide-plain-sight-2024-07-09/#:~:text=Methodological%20complexities%20and%20statistical%20revisions,the%20world's%20second%2Dlargest%20economy">consumer goods from Europe</a>. This puts <a href="https://europeancapitalinsights.substack.com/p/european-luxury-brands-feel-pinch?r=3nmatg">luxury groups</a> like LVMH (OTC:<a class="ticker" href="https://www.benzinga.com/stock/LVMHA#OTC">LVMHA</a>) and Kering (OTC:<a class="ticker" href="https://www.benzinga.com/stock/PPRUY#OTC">PPRUY</a>) at risk.
European tariffs could increase the cost of EVs for consumers as Europe moves to phase out n<a href="https://think.ing.com/articles/what-the-eus-tariffs-on-chinese-electric-vehicles-could-mean-for-energy-transition/">ew gasoline and diesel cars by 2035</a>, according to ING.
The bloc remains highly <a href="https://commission.europa.eu/strategy-and-policy/priorities-2019-2024/european-green-deal/green-deal-industrial-plan/european-critical-raw-materials-act_en#:~:text=The%20EU%20is%20heavily%20dependent%20on%20imports%20of,is%20extracted%20in%20the%20Democratic%20Republic%20of%20Congo">dependent on China</a> for critical raw materials. It sources 97% of its magnesium and 100% of its rare earths for permanent magnets from China.
<figure class="wp-block-image size-full is-resized"><img loading="lazy" decoding="async" width="830" height="418" src="https://contributor-assets.benzinga.com/wp-content/uploads/2024/10/02143051/ing3.png" alt="" class="wp-image-1774" style="width:624px" srcset="https://contributor-assets.benzinga.com/wp-content/uploads/2024/10/02143051/ing3.png 830w,https://contributor-assets.benzinga.com/wp-content/uploads/2024/10/02143051/ing3-300x151.png 300w,https://contributor-assets.benzinga.com/wp-content/uploads/2024/10/02143051/ing3-768x387.png 768w" sizes="(max-width: 830px) 100vw, 830px" /></figure>
"Europe will not be self-sufficient in EV production or the EV supply chain any time soon," ING wrote on June 19. "It needs to act carefully, considering any further retaliation from China."
Disclaimer:
Any opinions expressed in this article are not to be considered investment advice and are solely those of the authors. European Capital Insights is not responsible for any financial decisions made based on the contents of this article. Readers may use this article for information and educational purposes only.
This article is from an unpaid external contributor. It does not represent Benzinga&#8217;s reporting and has not been edited for content or accuracy.

GELYF

LVMHA

PPRUY

VOLAF

European Tariffs On China's EV Makers Could Backfire

Gains in European equities may falter on geopolitical and economic fears after receiving a boost from China's stimulus plans and slowing inflation.
The Euro Area Stoxx 600 gained 2.69% in the week ending September 27 to a record, extending its year-to-date climb to 10.1%. Germany's DAX40 closed the week at a record level, gaining 4% after increasing 1.22% on Friday.
<figure class="wp-block-image size-full is-resized"><img loading="lazy" decoding="async" width="613" height="402" src="https://contributor-assets.benzinga.com/wp-content/uploads/2024/09/28154001/Image-1-Sept.-28.png" alt="" class="wp-image-1608" style="width:624px" srcset="https://contributor-assets.benzinga.com/wp-content/uploads/2024/09/28154001/Image-1-Sept.-28.png 613w,https://contributor-assets.benzinga.com/wp-content/uploads/2024/09/28154001/Image-1-Sept.-28-300x197.png 300w" sizes="(max-width: 613px) 100vw, 613px" /></figure>
Source: <a href="https://tradingeconomics.com/germany/stock-market">TradingEconomics</a>
Slow economic growth, volatile natural gas prices, and inflation have hurt European economic sentiment. GDP is projected to end 2024 at <a href="https://www.ecb.europa.eu/press/projections/html/ecb.projections202409_ecbstaff~9c88364c57.en.html#:~:text=Overall%2C%20annual%20average%20real%20GDP,year%20of%20the%20projection%20horizon.">0.8%</a>.
Geopolitical developments, including the war in Ukraine and the upcoming U.S. elections, have curbed European stock optimism.&nbsp;European policymakers have expressed concerns about issues from climate change, security and trade if Trump wins a second term.
Fears about a wider Middle East war escalated after Israel <a href="https://www.nytimes.com/live/2024/world/israel-lebanon-hezbollah-hamas">killed</a> Hezbollah's leader Hassan Nasrallah in airstrikes Friday in Beirut.&nbsp;
The EU &#8220;is extremely concerned&#8221; about the confrontation between Israel and Hezbollah,&#8221; Josep Borrell, EU&#8217;s High Representative for Foreign Affairs and Security Policy, <a href="https://www.consilium.europa.eu/en/press/press-releases/">said</a>. 
&#8220;Any further escalation would have dramatic consequences for the region and beyond.&#8221;&nbsp;
<h3 class="wp-block-heading">European Investors Welcome China's ‘Stimulus Blitz</h3>
Despite the ongoing headwinds, investors welcomed the People's Bank of China (PBOC) "<a href="https://www.home.saxo/en-mena/content/articles/macro/chinas-bold-stimulus-measures-what-it-means-for-markets-25092024">stimulus blitz</a>"&nbsp; to tackle the country's economic headwinds.&nbsp;
China announced&nbsp; "a series of bold moves aimed at stabilizing both the economy and the stock market,"&nbsp; Charu Chanana, Head of FX Strategy at Saxo, <a href="https://www.home.saxo/en-mena/insights/news-and-research/authors/charu-chanana">wrote</a> on September 25<a href="https://www.home.saxo/en-mena/insights/news-and-research/authors/charu-chanana">.</a>
The <a href="http://www.pbc.gov.cn/en/3688110/3688172/5188125/5469326/index.html">package included</a> a 50-basis-point cut to banks' required reserve ratios (RRR) and a 20-basis-point cut to the seven-day reverse repurchase rate.&nbsp;&nbsp;&nbsp;
The PBOC announced a 500 billion yuan ($71.3 billion) liquidity support for stock buybacks.
<h3 class="wp-block-heading">European Fashion, Automobile Stocks See Most Gains</h3>
Although European equities rose immediately on the PBOC news, fashion and automobile stocks climbed the most.
France's LVMH (OTC:<a class="ticker" href="https://www.benzinga.com/stock/LVMHF#OTC">LVMHF</a>) jumped 19.2% ,and Hermes (OTC:<a class="ticker" href="https://www.benzinga.com/stock/HESAY#OTC">HESAY</a>) rose 16.5% for the week. 
German automobile makers also clocked gains. Volkswagen (OTC:<a class="ticker" href="https://www.benzinga.com/stock/VWAGY#OTC">VWAGY</a>) rose by 7%, Mercedes-Benz Group (OTC:<a class="ticker" href="https://www.benzinga.com/stock/MBGAF#OTC">MBGAF</a>) by 6.55 and BMW (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BMWYY#OTC">BMWYY</a>) by 6.6%.
Germany's automobile index rose 8.70% for the week.
<figure class="wp-block-image size-full is-resized"><img loading="lazy" decoding="async" width="565" height="252" src="https://contributor-assets.benzinga.com/wp-content/uploads/2024/09/28154104/Image-2-2024-09-28-180054.png" alt="" class="wp-image-1609" style="width:624px" srcset="https://contributor-assets.benzinga.com/wp-content/uploads/2024/09/28154104/Image-2-2024-09-28-180054.png 565w,https://contributor-assets.benzinga.com/wp-content/uploads/2024/09/28154104/Image-2-2024-09-28-180054-300x134.png 300w" sizes="(max-width: 565px) 100vw, 565px" /></figure>
Source: <a href="https://www.boerse-frankfurt.de/indices/daxsector-all-automobile-performance">Boerse-Frankfurt</a>
European companies operating in <a href="https://europeancapitalinsights.substack.com/p/european-luxury-brands-feel-pinch">China have worried</a> that the slowdown in the world&#8217;s second-largest economy may hurt profitability.
The Chinese economy grew 4.7% in the second quarter from April to June. This is the slowest pace since the first quarter of 2023 and below forecasts of 5% to 5.3%.
<figure class="wp-block-image size-full is-resized"><img loading="lazy" decoding="async" width="742" height="399" src="https://contributor-assets.benzinga.com/wp-content/uploads/2024/09/28154155/Image-3-2024-09-28-180124.png" alt="" class="wp-image-1610" style="width:624px" srcset="https://contributor-assets.benzinga.com/wp-content/uploads/2024/09/28154155/Image-3-2024-09-28-180124.png 742w,https://contributor-assets.benzinga.com/wp-content/uploads/2024/09/28154155/Image-3-2024-09-28-180124-300x161.png 300w" sizes="(max-width: 742px) 100vw, 742px" /></figure>
Source: <a href="https://www.statista.com/statistics/1102691/china-estimated-coronavirus-covid-19-impact-on-gdp-growth/">Statista</a>

The stimulus package "can help to repair some of the confidence levels in the economy and policymakers," Chanana wrote.
<h3 class="wp-block-heading">European Equities Helped by Inflation Data</h3>
European equities received an added boost this week from inflation data.&nbsp;
German preliminary data showed inflation slowing to1.6% in September, compared to 1.9% in August, the country&#8217;s Federal Statistical Office <a href="https://www.destatis.de/EN/Home/_node.html">said </a>on Monday. France and Spain reported on September 27 that inflation <a href="https://europeancapitalinsights.substack.com/publish/posts/detail/149487004?referrer=%2Fpublish%2Fposts">slowed below 2%</a>, beating analysts expectations.
Investors now give the European Central Bank (ECB) a 70% chance of cutting rates<a href="https://www.euronews.com/business/2024/09/27/french-and-spanish-inflation-dips-below-2-fueling-rate-cuts-hopes"> next month</a>.
<figure class="wp-block-image size-full is-resized"><img loading="lazy" decoding="async" width="596" height="412" src="https://contributor-assets.benzinga.com/wp-content/uploads/2024/09/28154255/Image-4-2024-09-28-180157.png" alt="" class="wp-image-1611" style="width:624px" srcset="https://contributor-assets.benzinga.com/wp-content/uploads/2024/09/28154255/Image-4-2024-09-28-180157.png 596w,https://contributor-assets.benzinga.com/wp-content/uploads/2024/09/28154255/Image-4-2024-09-28-180157-300x207.png 300w" sizes="(max-width: 596px) 100vw, 596px" /></figure>
Source: <a href="https://tradingeconomics.com/france/inflation-cpi#">Tradingeconomics</a>
Although the latest economic data has buoyed confidence, some investors have expressed caution.
Data is "looking quite shaky," Anwiti Bahuguna, Northern Trust Asset Management&#8217;s chief investment officer of global allocation, told<a href="https://www.bnnbloomberg.ca/business/international/2024/09/28/goldman-blackrock-warn-europes-stock-rally-faces-tough-hurdles/"> </a>Bloomberg TV.&nbsp;
"Inflation is coming down, but not fast enough to think there would be very sharp relief on the rates front."
<h3 class="wp-block-heading">European Consumer Sentiment Improves</h3>
Despite these concerns, European consumer sentiment has started to improve. It rose 0.5 points in the Euro Area in September to -12.9, which was in line with <a href="https://tradingeconomics.com/euro-area/consumer-confidence">preliminary estimates</a>.&nbsp;
"Consumers were markedly more optimistic about their households' expected financial situation," the European Commission <a href="https://economy-finance.ec.europa.eu/document/download/8bdf8526-c9cf-4163-a2ef-88481f6430ab_en?filename=bcs_2024_09_en_0.pdf">said</a> on September 27.&nbsp;
In <a href="https://www.gfk.com/press/moderate-recovery-in-consumer-climate">Germany</a>, France and Italy, Europe's three largest economies, consumer confidence rose moderately, according to monthly surveys.
However, the Nuremberg Institute for Market Decisions (NIM) warned on September 26 that it was too early to conclude German consumer confidence had improved.
The improvement in Germany "can be interpreted more as a stabilization at a low level," Rolf Bürkl, an expert at NIM, said.&nbsp;
"The slight increase cannot be interpreted as the beginning of a noticeable recovery."

Disclaimer:
Any opinions expressed in this article are not to be considered investment advice and are solely those of the authors. European Capital Insights is not responsible for any financial decisions made based on the contents of this article. Readers may use this article for information and educational purposes only.
This article is from an unpaid external contributor. It does not represent Benzinga's reporting and has not been edited for content or accuracy.

HESAY

LVMHF

European Stock Gains May Falter On Geopolitical, Economic Fears

Toyota Motor Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TM#NYSE">TM</a>), Volkswagen AG (OTC:<a class="ticker" href="https://www.benzinga.com/stock/VWAGY#OTC">VWAGY</a>), and General Motors Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>) are lagging behind Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) and several Chinese competitors regarding critical software needed to power electric vehicles (EVs), the Financial Times <a target="_blank" href="https://www.ft.com/content/7e5677b8-87fa-41fa-8648-9009ac7f14fc" rel="noreferrer noopener">reports</a>.
Only three legacy automakers—Ford Motor Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/F#NYSE">F</a>), General Motors, and Bayerische Motoren Werke AG (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BMWYY#OTC">BMWYY</a>)—made the top 10 in their &#8220;digital automaker index,&#8221; the Financial Times cites a Gartner report. Tesla, Chinese companies like Nio Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NIO#NYSE">NIO</a>) and Xpeng Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XPEV#NYSE">XPEV</a>), and startups such as Rivian Automotive, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIVN#NASDAQ">RIVN</a>) and Lucid Group, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LCID#NASDAQ">LCID</a>) dominated the list.
Also Read: <a target="_blank" href="https://www.benzinga.com/news/24/07/39880027/should-elon-musk-be-worried-toyota-hyundai-and-ford-challenge-tesla-on-home-turf-with-more-evs-on-us" rel="noreferrer noopener">Should Elon Musk Be Worried? Toyota, Hyundai, And Ford Challenge Tesla On Home Turf With More EVs On US Roads As Billionaire&#8217;s Auto Giant Faces Sales Slump</a>
The automotive industry transition to software development proved challenging for major players like Toyota and Volkswagen, who need help to keep pace with changes focused on software controlling EV batteries, safety systems, and self-driving technology.
However, Chinese EV stocks are also facing <a target="_blank" href="https://www.benzinga.com/markets/asia/24/09/40981254/chinese-vehicle-tech-faces-biden-administration-ban-over-national-security-concerns-china-ev-stocks" rel="noreferrer noopener">a challenging year</a>, as the domestic economic slowdown led to a price war. The stocks are down 31%- 42% in the last 12 months.
The U.S. sanctions on advanced artificial intelligence chips further affected the industry. Tesla is up 0.80% in the last 12 months.
Meanwhile, another U.S. embargo on the auto industry posed <a target="_blank" href="https://www.benzinga.com/markets/asia/24/09/40981254/chinese-vehicle-tech-faces-biden-administration-ban-over-national-security-concerns-china-ev-stocks" rel="noreferrer noopener">an additional problem</a>. The U.S. Commerce Department is considering restricting importing and selling Chinese-made vehicles that contain critical communications and automated driving systems, citing national security concerns.
Also Read:
<ul>
<li><a href="https://www.benzinga.com/markets/asia/24/09/40745366/toyota-scales-back-2026-ev-production-plans-by-30-trims-target-to-1m-cars-as-global-demand-weakens-r" target="_blank" rel="noreferrer noopener">Toyota Scales Back 2026 EV Production Plans By 30%, Trims Target To 1M Cars As Global Demand Weakens: Report</a></li>
</ul>
Disclaimer: This content was partially produced using AI tools and reviewed and published by Benzinga editors.
Image via Shutterstock

Media

LCID

RIVN

XPEV

Tesla And Chinese EV Startups Outpace Toyota, Volkswagen In Critical Software Race: Report

Europe&rsquo;s biggest automaker, Volkswagen (OTC: <a class="ticker" href="https://www.benzinga.com/stock/vwagy#OTC">VWAGY</a>) is considering plant closures for the first time in its 87-year-old history. But Volkswagen is merely a reflection of a struggling European auto industry that is currently challenged on many fronts, with its struggles being both the global competition and its declining appeal.&nbsp;
Europe&rsquo;s automotive industry is struggling with many issues simultaneously.&nbsp;
According to&nbsp;Bloomberg Intelligence, one in three European factories of carmaking behemoths, namely Volkswagen, Bayerische Motoren Werke Aktiengesellschaft (OTC: <a class="ticker" href="https://www.benzinga.com/stock/bmwyy#OTC">BMWYY</a>), Mercedes-Benz Group AG (OTC: <a class="ticker" href="https://www.benzinga.com/stock/mbgaf#OTC">MBGAF</a>)(OTC: <a class="ticker" href="https://www.benzinga.com/stock/mbgyy#OTC">MBGYY</a>), Stellantis N.V. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/stla#NYSE">STLA</a>) and Renault (OTC: <a class="ticker" href="https://www.benzinga.com/stock/rnlsy#OTC">RNLSY</a>) is underutilized.&nbsp;Meanwhile, Chinese automakers such as BYD (OTC: <a class="ticker" href="https://www.benzinga.com/stock/byddy#OTC">BYDDY</a>) are off to conquer Europe. To avoid tarrifs on China-made EVs, they are planning to make their own factories on the European continent.&nbsp;
Volkswagen is only one of the first victims.
Volkswagen Group CEO Oliver Blume&nbsp;openly spoke of the serious situation that Europe&rsquo;s automotive industry is facing with Germany in particular falling from grace as a competitive manufacturing location. Volkswagen has also fallen from grace in China, its single biggest market. During the first half of 2024, Volkswagen&rsquo;s deliveries in China dropped 7%&nbsp;YoY with group operating profit tumbling 11.4%&nbsp;to $11.2 billion. Volkswagen is losing out to local brands in China like BYD and those brands are now going for its home market.&nbsp;&nbsp;
Stellantis has also been hit by slowing demand in Europe.
In Italy, Stellantis is hitting the brakes. In response to the sales crisis, Stellantis halted production of its electric Fiat 500e for a month at its Mirafiori facility that is located near Turin. Stellantis also revealed that the site will be undergoing a significant transformation that will involve an investment worth&nbsp;&euro;100 million. Stellantis is expected to start making a hybrid version of the Fiat 500&nbsp;sometimes next year.&nbsp;
In addition to its European struggles, Stellantis is also facing a shrinking share in North America. During the first half of 2024, net revenues dropped 14% YoY while net profit took a 48% YoY plunge.
With Chinese EV makers navigating new roads, determined to conquer the world, simple cost-cutting measures won&rsquo;t do.&nbsp;
European automakers are having a hard time keeping up with Chinese EV makers. The increased tariffs that the EU imposed on Chinese EV makers led to significant backlash and concerns that this will make it more difficult for the EU to achieve its net-zero goals as Chinese EVs are more popular with consumers, both due to their more favorable pricing and greater features. Moreover, tarrifs are seen as&nbsp;a minor speed bump for an EV powerhouse like BYD.&nbsp;Regardless of their legacy, European automakers who fail to adapt quickly enough will be left on the sidelines as Chinese EV makers like BYD threaten to leave them in the dust.
DISCLAIMER: This content is for informational purposes only. It is not intended as investing advice.
This article is from an unpaid external contributor. It does not represent Benzinga&#39;s reporting and has not been edited for content or accuracy.

MERCEDES-BENZ UNSP / ADR by Mercedes Benz Group AG

MBGYY

RNLSY

STLA

Volkswagen's Crisis Is The Reflection Of Europe's Automotive Struggles

Ford Motor Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/F#NYSE">F</a>) shares are trading higher on Wednesday. Ford, Bayerische Motoren Werke AG (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BMWYY#OTC">BMWYY</a>) and, Honda Motor Company, Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HMC#NYSE">HMC</a>) launched operations for the joint venture, <a target="_blank" href="https://www.benzinga.com/pressreleases/24/09/n40917799/bmw-ford-and-honda-begin-operations-of-vehicle-grid-integration-joint-venture-chargescape-name-jos" rel="noreferrer noopener">ChargeScape, that was announced last year</a>.
ChargeScape, the vehicle-grid integration joint venture, is a software platform that connects electric vehicles (EVs) to the power grid, helping to stabilize the grid and reduce charging costs for drivers.
Also Read: <a target="_blank" href="https://www.benzinga.com/news/24/09/40906726/us-port-strike-in-october-could-lead-to-major-supply-chain-disruptions-says-container-trade-expert" rel="noreferrer noopener">US Port Strike In October Could Lead To Major Supply-Chain Disruptions, Says Container Trade Expert</a>
The companies disclosed the appointment of Joseph Vellone as ChargeScape&#8217;s first CEO and Kalidindi Raju as its Chief Technology Officer (CTO).
Vellone said, &#8220;The U.S. has set ambitious targets for renewable energy deployment and EV adoption, and ChargeScape is here to bridge that gap between supply and demand of electricity.&#8221;&nbsp;
&#8220;We want to transform EVs from a liability into an asset for the power grid and help deliver a clean transportation future for our country.&#8221;
Raju said, &#8220;Although the vehicle-grid integration market is expected to be highly competitive, our partnerships with the world&#8217;s largest automakers gives us a significant edge. With direct access to the vehicles, we enable utilities to optimize EV charging securely and reliably.&#8221;
ChargeScape&#8217;s technology wirelessly connects to electric vehicles and collaborates with utilities to manage energy flow based on real-time grid conditions.
EV drivers can be financially rewarded for their flexibility, while ensuring their vehicles are charged by the specified time.
This month, Ford sold 8,944 electric vehicles in August in the U.S., marking a jump of 29% from the<a target="_blank" href="https://www.benzinga.com/news/24/09/40745466/fords-august-ev-sales-surge-29-driven-by-cybertruck-rival-f-150-lightning-despite-its-slowing-future" rel="noreferrer noopener"> corresponding month last year</a>.
This week, the company said that it is looking to start production of a high-performance race car variant of the&nbsp;Mustang&nbsp;for street <a target="_blank" href="https://www.benzinga.com/news/24/09/40895791/ford-to-roll-out-limited-edition-street-legal-race-car-variant-of-mustang-as-early-as-this-year" rel="noreferrer noopener">use as early as this year</a>.
Investors can gain exposure to the stock via&nbsp;First Trust Nasdaq Transportation ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FTXR#NASDAQ">FTXR</a>) and&nbsp;Invesco Exchange-Traded Fund Trust II Invesco S&amp;P Ultra Dividend Revenue ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RDIV#NYSE">RDIV</a>).
Price Action: F shares are trading higher by 1.01% at $11.01 at the last check Wednesday.
Image via Shutterstock
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<li><a href="https://www.benzinga.com/news/24/09/40920761/ford-evs-creating-joy-with-built-in-karaoke-add-popular-tesla-feature-to-select-models" target="_blank" rel="noreferrer noopener">Ford EVs &#8216;Creating Joy&#8217; With Built-In Karaoke, Add Popular Tesla Feature To Select Models</a></li>
</ul>

Large Cap

FTXR

RDIV

ChargeScape Powers Up: Ford, BMW, Honda Launch Vehicle-Grid Joint Venture

In a recent development, German automaker BMW AG (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BMWYY#OTC">BMWYY</a>) has adjusted its financial guidance for 2024 due to a slump in global sales.
What Happened: As per a press release from BMW on Tuesday, the company&#8217;s Board of Management has revised the 2024 financial year guidance. The decision was influenced by several factors, including delivery stops and technical issues related to the Integrated Braking System (IBS) supplied by a vendor. These problems are expected to negatively affect sales in the latter half of the year.
The IBS-related technical issues impact over 1.5 million vehicles, leading to additional warranty costs in the third quarter. Moreover, despite government stimulus measures, the company is facing subdued demand in China.
Consequently, BMW now expects a slight decrease in deliveries compared to the previous year, an EBIT margin between 6% and 7%, and a Return on Capital Employed (RoCE) between 11% and 13% for 2024. The Free-Cash-Flow in the Automotive Segment is anticipated to be above €4 billion ($4.41 billion) for the financial year.
See Also: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40758803/did-a-potential-stock-sale-by-elon-musk-lead-to-fall-in-tesla-shares-top-analyst-sa?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Did A Potential Stock Sale By Elon Musk Lead To Fall In Tesla Shares? Top Analyst Says It Could Instead Because Of Broader Selloff In AI Stocks</a>
The revised earnings and additional inventory are expected to impact the third quarter more than the fourth. The full quarterly results and the adjusted outlook report will be published on Nov. 6, 2024.
Why It Matters: The revision in BMW&#8217;s financial outlook comes on the heels of a series of events that have impacted the company&#8217;s performance. In September, BMW had to recall over <a href="https://www.benzinga.com/markets/equities/24/09/40682126/bmw-recalls-over-140k-mini-cooper-se-electric-vehicles-globally-due-to-battery-overheating-risks">140,000 Mini Cooper SE</a> electric vehicles globally due to battery overheating problems. 
This followed a significant achievement in August, when <a href="https://www.benzinga.com/news/24/08/40521564/bmw-outpaces-tesla-with-more-bev-registrations-in-europe-in-july-than-elon-musks-ev-giant-for-the-fi">BMW outpaced Tesla</a> with more BEV registrations in Europe for the first time. The recent technical issues and the recall have, however, dampened the company&#8217;s momentum, leading to the revised financial outlook.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/news/24/09/40772132/volkswagens-5b-deal-with-rivian-leaves-software-arm-cariad-workers-frustrated-ceo-left-out-report?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Volkswagen&#8217;s $5B Deal With Rivian Leaves Software Arm Cariad Workers Frustrated, CEO Left Out: Report</a></li>
</ul>
Image by Studio on Shutterstock
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/topic/Pooja-Rajkumari" target="_blank" rel="noreferrer noopener">Pooja Rajkumari</a>

BMW Revises 2024 Financial Outlook Amid Sales Slump And Technical Issues Impacting 1.5M Vehicles

By <a href="https://elplanteo.com/author/lucia-tedesco/" target="_blank" rel="noreferrer noopener">Lucía Tedesco</a> via <a href="https://elplanteo.com/canamo-industra-automotriz/" target="_blank" rel="noreferrer noopener">El Planteo</a>
<a href="https://elplanteo.com/que-es-el-canamo-hemp/">Hemp</a> is gaining ground in the automotive industry. Interior panels and structural components are some of the parts now being made from the plant's fibers.
Major automakers like Volkswagen (OTC:<a class="ticker" href="https://www.benzinga.com/stock/VWAGY#OTC">VWAGY</a>) (OTC:<a class="ticker" href="https://www.benzinga.com/stock/VWAPY#OTC">VWAPY</a>) (OTC:<a class="ticker" href="https://www.benzinga.com/stock/VLKPF#OTC">VLKPF</a>), BMW (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BMWYY#OTC">BMWYY</a>) and Ford (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/F#NYSE">F</a>) are actively exploring hemp use in their vehicles, driven by the need to reduce carbon emissions, improve fuel efficiency and respond to the growing demand for eco-friendly products from consumers.
<h3 class="wp-block-heading">A Commitment Between The Auto Industry And Hemp</h3>
Volkswagen, in collaboration with biomaterials startup Revoltech GmbH, has launched a research project to develop a leather substitute, creating a hemp-based artificial alternative. The new material, called LOVR, is vegan, oil-free, recyclable and compostable, designed to meet the company&#8217;s sustainability standards.
See also: <a href="https://www.benzinga.com/markets/cannabis/22/06/27820626/isiah-thomas-hemp-cars">This 12-Time NBA All-Star Is Making Autoparts With Plants, Predicts &#8216;All Plastics Will Be Made From Cannabis&#8217;</a>
The brand plans to begin using this material in its models starting in 2028, according to Hemp Today. Additionally, the use of hemp fibers, which are byproducts of local agricultural waste, highlights the effort to maximize resource use and minimize waste.
BMW, another renowned automaker and the world's most sustainable, according to the S&amp;P Dow Jones stock index, has incorporated hemp into the door panels of its i3 <a href="https://www.benzinga.com/electric-vehicles">electric vehicles</a> to reduce its carbon footprint. In addition to enhancing sustainability, using the plant helps reduce the vehicle&#8217;s weight, improving fuel efficiency.
The company is also exploring the use of other natural fibers, like flax and kenaf, and is developing "wood foams" made from 100% renewable materials. These efforts are part of a larger goal to cut carbon dioxide emissions by 40% by 2030.
<h3 class="wp-block-heading">Blast From The Past</h3>
<a href="https://elplanteo.com/coches-canamo-ford/">Henry Ford'</a>s vision of a car made from sustainable materials continues to inspire the auto industry. In 1940, he introduced a prototype car made from hemp fiber and resin, described as "ten times stronger than steel." While the idea didn't take off at the time, it's now seen as a precursor to current efforts to use renewable materials in car manufacturing.
Ford has already tested hemp fibers in its interior car components and has incorporated natural fiber composites into models like the Ford Focus.
Mercedes-Benz (OTC:<a class="ticker" href="https://www.benzinga.com/stock/MBGAF#OTC">MBGAF</a>) and Audi are also exploring hemp for their vehicles. Both brands are incorporating the fibers into interior components to reduce weight and enhance sustainability.
Despite advances, integrating hemp into mass automotive production presents technical challenges related to the material's consistency and durability under different conditions. Additionally, the supply chain to source hemp sustainably and at scale remains a developing area. Manufacturers must still balance the cost of implementation and scalability with the environmental benefits.
Cover image by El Planteo, based on the following assets:
<ul>
<li>FDRMRZUSA, Public domain, via Wikimedia Commons</li>
<li>See page for author, Public domain, via Wikimedia Commons</li>
<li>Mercedes-Benz, Public domain, via Wikimedia Commons</li>
<li>SVG based on this imagede:Datei:Ford.svg, Public domain, via Wikimedia Commons</li>
<li>BMW, Public domain, via Wikimedia Commons</li>
</ul>
This article is from an external unpaid contributor. It does not represent Benzinga&#8217;s reporting and has not been edited for content or accuracy.

Cannabis

VLKPF

VWAPY

5 Auto Giants Embracing Hemp For Sustainability, From Ford To BMW

<a href="https://www.bmwgroup.com/en/news/general/2024/hydrogen-cooperation.html#:~:text=The%20BMW%20Group%20and%20the%20Toyota%20Motor%20Corporation%20will%20jointly,commercial%20and%20passenger%20vehicle%20applications" title="https://www.bmwgroup.com/en/news/general/2024/hydrogen-cooperation.html#:~:text=The%20BMW%20Group%20and%20the%20Toyota%20Motor%20Corporation%20will%20jointly,commercial%20and%20passenger%20vehicle%20applications">https://www.bmwgroup.com/en/news/general/2024/hydrogen-cooperation.html#:~:text=The%20BMW%20Group%20and%20the%20Toyota%20Motor%20Corporation%20will%20jointly,commercial%20and%20passenger%20vehicle%20applications</a>.

Toyota, BMW Update Partnership On Hydrogen Fuel Cell Vehicles, Sign New MoU To Accelerate Development Of Zero-Emission Cars; BMW To Launch First Hydrogen Model In 2028

The world-renowned German automobile manufacturer Volkswagen (OTCPK:VWAGY) could soon be changing the way it produces its faux leather.
What Happened: The second largest auto maker in the world by vehicle sales partnered with the German start-up Revoltech GmbH to research and develop sustainable materials based on industrial hemp. These could be used as sustainable surface materials in Volkswagen models from 2028.
"The sustainable use of resources is a key pillar in our ACCELERATE strategy and is therefore firmly anchored in our mindset and our actions," <a href="https://www.volkswagen-newsroom.com/en/press-releases/leather-from-industrial-hemp-innovative-and-sustainable-material-for-future-car-interiors-18665">stated</a> Andreas Walingen, head of strategy at the Volkswagen brand. "Our clear goal is to fuse customer wishes, sustainability requirements and corporate interests."
Get Benzinga's exclusive analysis and the top news about the cannabis industry and markets daily in your inbox for free. Subscribe to our newsletter <a href="https://newsletteremail.benzinga.com/subscribe" target="_blank" rel="noreferrer noopener">here</a>. If you're serious about the business, you can't afford to miss out.
<h2 class="wp-block-heading">Groundbreaking LOVR Material</h2>
The 100% biological material, called LOVR – "leather-free, oil-free, vegan and residue-based," is made from industrial hemp grown for the food industry. Material made from 100% bio-based hemp uses residues of the regional hemp industry. It can be produced on existing industrial plants and recycled or composted at the end of its service life in an automobile.
 "Our innovative surface material called LOVR that we are developing and testing for the automotive industry in cooperation with Volkswagen is scalable and groundbreaking for sustainability in the automotive sector," Lucas Fuhrmann, CEO and co-founder Revoltech GmbH said in a statement.
The first presentations of the innovative material have already received positive responses and feedback from customers.
"In our search for new materials, we are very open to new ideas from many different industries. At Technical Development, we place a strong focus on innovative, creative and sustainable solutions for holistic, resource-saving vehicle development," said Kai Grünitz, Volkswagen brand board member for technical development.
Other automotive giants have already researched or used these hemp-based materials in their cars. For example, BMW's (OTCPK:BMWYY) i3 electric cars have door panels made from a combination of hemp, natural fibers and a bio-based plastic, <a href="https://hemptoday.net/volkswagen-says-it-is-developing-hemp-fiber-based-material-to-replace-faux-leather/">writes</a> Hemp Today.
Ford (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/F#NYSE">F</a>) is known for experimenting with sustainable materials, including hemp. Its famous model Ford Focus has natural fiver composites in its interior. Mercedes-Benz (OTCPK:MBGAF), as well, included hemp-based material in various parts of its cars' interiors.
<h2 class="wp-block-heading">Hemp's Versatility</h2>
Hemp has the ability to blend with various polymers, which makes it suitable for various exterior applications. Used in composites, hemp fibers enhance the stiffness and strength of structural parts of a car, improving crash performance and overall structural integrity, writes the outlet. Furthermore, hemp fibers are known to be solid insulators, which is why are used in panels and materials that need to have soundproofing and thermal properties.
Material made from industrial hemp is also used in construction building and is called hempcrete. It is an eco-friendly building material that blends the inner core of industrial hemp with a lime-based binder, creating a bio-composite. Its benefits include climate-friendly and fireproof properties. Hempcrete is considered a "carbon negative" material as its production absorbs more carbon pollution out of the air than it releases.
Read Also: <a href="https://www.benzinga.com/markets/cannabis/21/12/24508964/9-crazy-benefits-of-hemp-fabric">9 Crazy Benefits Of Hemp Fabric</a>
<h2 class="wp-block-heading">The Timing</h2>
Volkswagen's decision to explore hemp's potential comes on the heels of the German government changing its cannabis and hemp laws and aiming to <a href="https://www.benzinga.com/markets/cannabis/24/07/39840487/green-wave-in-germany-now-includes-hemp-new-bill-promotes-industrial-production">promote the industry</a>. In July, the German Federal Ministry of Food and Agriculture published a <a href="https://internationalcbc.com/german-federal-ministry-of-food-and-agriculture-publishes-draft-industrial-hemp-bill/?utm_source=ICBC+Combined+List+Newsletter+and+Outreach&amp;utm_campaign=078816e21e-EMAIL_CAMPAIGN_2024_07_15_03_37&amp;utm_medium=email&amp;utm_term=0_-078816e21e-%5BLIST_EMAIL_ID%5D" target="_blank" rel="noreferrer noopener">draft</a> bill aimed at modernizing the policies surrounding industrial hemp cultivation and handling. The proposed&nbsp;Industrial Hemp Liberalization Act (NLG)&nbsp;is set to eliminate legal uncertainties and open new avenues in the industrial hemp sector, <a href="https://internationalcbc.com/german-federal-ministry-of-food-and-agriculture-publishes-draft-industrial-hemp-bill/?utm_source=ICBC+Combined+List+Newsletter+and+Outreach&amp;utm_campaign=078816e21e-EMAIL_CAMPAIGN_2024_07_15_03_37&amp;utm_medium=email&amp;utm_term=0_-078816e21e-%5BLIST_EMAIL_ID%5D" target="_blank" rel="noreferrer noopener">reported</a> InternationalCBC.
In May, Ministry of Food and Agriculture (BMEL) Minister Cem Özdemir confirmed lawmakers removed the controversial&nbsp;&#8220;intoxication clause&#8221; that states it is theoretically possible that an individual could get high by consuming large amounts of industrial hemp.
Germany, the biggest country in Europe by population, reformed its cannabis laws this year. Partial legalization <a href="https://www.benzinga.com/markets/cannabis/24/04/38023610/heres-what-you-need-to-know-about-weed-legalization-in-germany-that-just-took-effect" target="_blank" rel="noreferrer noopener">took effect in Germany on April 1</a>, allowing adults over 18 to possess up to 25 grams of dried cannabis and cultivate up to three plants at home.
Cannabis clubs became legal on July 1, 2024, and the first such marijuana social clubs <a href="https://www.benzinga.com/markets/cannabis/24/07/39690787/first-cannabis-club-in-germany-opens-lawmaker-says-it-will-stem-illicit-marker-cops-say-the-oppo" target="_blank" rel="noreferrer noopener">opened their doors on July 8</a> in Lower Saxony. However, across many other states, applications for cannabis cultivation associations <a href="https://www.benzinga.com/markets/cannabis/24/08/40100562/germanys-cannabis-clubs-face-setbacks-amid-reg-hurdles-christian-democrat-leader-wants-to-revers" target="_blank" rel="noreferrer noopener">face multiple setbacks</a>.
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<li><a href="https://www.benzinga.com/markets/cannabis/24/08/40418137/industrial-hemps-14b-projected-growth-an-investment-opportunity-too-good-to-miss">Industrial Hemp&#8217;s $14B Projected Growth: An Investment Opportunity Too Good To Miss</a></li>
</ul>
Photo: Benzinga edit with images from <a href="https://commons.wikimedia.org/wiki/User:High_Contrast">High Contrast</a> via <a href="https://commons.wikimedia.org/wiki/File:VW_Logo_am_Heizkraftwerk_Wolfsburg_Nord.jpg">Wikimedia Commons</a> and by <a href="https://unsplash.com/@elsaolofsson?utm_content=creditCopyText&amp;utm_medium=referral&amp;utm_source=unsplash">Elsa Olofsson</a> via <a href="https://unsplash.com/photos/a-close-up-of-a-green-plant-with-lots-of-leaves-_lB_DHGmkeQ?utm_content=creditCopyText&amp;utm_medium=referral&amp;utm_source=unsplash">Unsplash</a>

Volkswagen Considers Hemp To Develop Sustainable Substitute For Imitation Leather

BMW (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BMWYY#OTC">BMWYY</a>) recalling its Mini Cooper SE electric vehicles due to battery overheating problems, <a href="https://www.benzinga.com/markets/equities/24/05/38923402/bmw-mini-cooper-imports-linked-to-banned-chinese-components-report">potentially impacting over 140,000 cars globally.</a>
What Happened: According to the company, around 39,000 vehicles in Germany could be affected. The automaker emphasized that there have been no disclosed accidents or injuries related to this issue, Reuters reported on Monday.
The battery system issues could lead to overheating, and &#8220;a vehicle fire, even when the vehicle is parked, cannot be ruled out,&#8221; the statement noted.
The car&#8217;s software includes a diagnostic function that detects battery malfunctions and alerts the driver. Customers receiving this alert are advised to visit a Mini partner, the company added, according to the report.
See Also: <a href="https://www.benzinga.com/news/24/09/40672229/starlink-ineligible-for-nearly-900m-in-subsidies-says-fcc-spacex-ceo-elon-musk-says-it-is-flat-out-l?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Starlink Ineligible For Nearly $900M In Subsidies, Says FCC: SpaceX CEO Elon Musk Says It Is &#8216;Flat-Out Lying&#8217;</a>
Why It Matters: This recall is part of a broader trend of safety concerns for BMW. Recently, the company recalled nearly 721,000 vehicles in the U.S. due to <a href="https://www.benzinga.com/news/24/08/40460548/bmw-recalls-nearly-721k-vehicles-in-us-over-short-circuit-worries-both-gas-and-hybrid-electric-cars">short-circuit risks</a>, which could also lead to fires. This recall included both internal combustion engine (ICE) and hybrid electric cars.
Earlier in August, BMW recalled over 105,000 vehicles in the U.S. due to fire risks stemming from <a href="https://www.benzinga.com/news/24/08/40248854/bmw-recalls-over-105k-vehicles-in-u-s-over-fire-risks-due-to-overheating-starter-motor">overheating starter motors</a>. This issue similarly posed significant safety concerns. 
Additionally, BMW is working to solidify its partnership with Toyota Motor Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TM#NYSE">TM</a>) to expedite the development of fuel cell vehicles (FCV), aiming to enhance its <a href="https://www.benzinga.com/news/earnings/24/08/40603154/toyota-bmw-to-solidify-partnership-to-expedite-fcv-development">competitiveness in the hydrogen-powered car market</a>.
These recalls come at a time when Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) is reportedly losing its &#8220;cool factor&#8221; among younger consumers, while brands like BMW continue to <a href="https://www.benzinga.com/news/24/08/40244060/teslas-cool-factor-ebbing-while-these-2-auto-brands-command-more-loyalty-than-elon-musks-ev-giant-mo">command strong loyalty</a>, according to a Morgan Stanley survey released in August.
Read Next: 
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<li><a href="https://www.benzinga.com/markets/equities/24/08/40646699/teslas-china-woes-just-got-worse-xpengs-model-3-killer-receives-over-30k-orders-in-48-hours-of-l?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Tesla&#8217;s China Woes Just Got Worse: XPeng&#8217;s Model 3 Killer Receives Over 30K Orders In 48 Hours Of Launch</a></li>
</ul>
Image: BMW
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/topic/Kaustubh-Bagalkote" target="_blank" rel="noreferrer noopener">Kaustubh Bagalkote</a>

Global

BMW Recalls Over 140K Mini Cooper SE Electric Vehicles Globally Due To Battery Overheating Risks

Global markets started September cautiously, with thin trading volumes as U.S. stock markets were closed for <a href="https://www.benzinga.com/markets/equities/24/09/40674353/is-the-market-open-on-labor-day">the Labor Day holiday</a>.
European markets closed the session marginally in the green, as traders anticipate imminent interest rate cut by the European Central Bank, The pan-European Euro Stoxx 50 index gained 0.3% for the day, closing at its highest level since mid-July. In Germany, the DAX index edged up 0.1%, setting a new record for its closing price.
Among large-cap European stocks, Sanofi (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SNY#NASDAQ">SNY</a>) led the gains with a 3.6% rise, followed by Orange (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ORAN#NYSE">ORAN</a>) and Telefonica SA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TEF#NYSE">TEF</a>), which climbed 1.7% and 1.5%, respectively.
The biggest laggards were Airbus SE (OTCPK: EADSY) , which fell 1.4%, Adidas AG (OTCPK: ADDY), down 0.9%, and both Kering SA (OTCPK: PPRUY) and BMW AG (OTCPK: BMWYY), each slipping 0.8%.
<h3 class="wp-block-heading">Other Markets</h3>
In the currency market, the euro rose 0.2% to 1.1070 against the dollar as of 2:00 p.m. ET: , snapping three straight sessions of declines. The British pound inched 0.1% against the greenback, while the Australian dollar rose 0.4%. 
The Japanese yen was the weakest performer on Monday, dropping 0.4% against the dollar, extending the trend from last week amid a reduction expectations for an aggressive Federal Reserve rate cut. 
In commodities markets, U.S. natural gas futures surged 2.8% to $2.10 per Million British Thermal Units, spurred by heightened demand for cooling. The Midwest region faced record-breaking temperatures over the weekend, prompting intense heat warnings for more than 60 million residents and driving up air conditioner usage.
Crude oil futures rose 0.5%, while gold eased 0.2% with the yellow metal falling slightly below $2,498.91. 
Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) rose over 2% to 58,550, after dropping 2.8% on Sunday. 
<h3 class="wp-block-heading">Monday&#8217;s Major Company News</h3>
<ul>
<li>The German automaker BMW is recalling its electric Mini Cooper SE vehicles due to battery issues that could potentially impact over 140,000 cars globally, according to Reuters.</li>
<li>In a note released on Monday by the European Medicines Agency (EMA), Dutch pharmaceutical company Novo Nordisk A/S (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOVO#NYSE">NOVO</a>) advised healthcare professionals to continue restricting the initiation of new patients until the supply situation stabilizes. Shares of Novo Nordisk fell 1%.</li>
<li>Private equity giant Blackstone Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BX#NYSE">BX</a>) has reached an agreement to acquire an 80% stake in a European warehouse portfolio managed by landlord Burstone Resources Inc. (OTCPK: BBSRF). </li>
</ul>
Read also: 
<ul>
<li><a href="https://www.benzinga.com/24/09/40676774/september-market-seasonality-why-this-month-is-historically-the-toughest-for-investors">September Market Seasonality: Why This Month Is Historically The Toughest For Investors</a></li>
</ul>

$BTC

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EADSY

NOVO

ORAN

European Stocks Little Moved On Labor Day, German DAX Mark Record Close, Natural Gas Futures Rise: What's Driving Markets Monday?

Press Releases

ADI and the BMW Group Join Forces to Provide Industry-Leading 10MB Ethernet for Automotive, Enabling Software-Defined Vehicles

Bayerische Motoren Werke AG (BMWYY) Investigation: Bronstein, Gewirtz & Grossman, LLC Encourages Investors to Seek Compensation for Alleged Wrongdoings

독일 자동차 제조업체 BMW(OTC:<a class="ticker" href="https://www.benzinga.com/stock/BMWYY#OTC">BMWYY</a>)는 화요일(10일) 미국의 전기차 거대 기업인 테슬라(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>)의 완전자율주행(FSD) 운전자 지원 소프트웨어의 최신 버전을 "매우 인상적"이라고 칭찬했다.
무슨 일 있었나: BMW는 테슬라 소유자가 FSD 소프트웨어 버전 13을 사용해 운전대에 손을 대지 않고 거리를 주행하는 동영상을 보고 &#8220;매우 인상적&#8221;이라는 반응을 보였다.
이에 테슬라는 &#8220;안녕하세요, BMW&#8221;라는 재치있는 답글과 함께 웃는 이모지를 추가했다.
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">
Hi <a href="https://twitter.com/BMW?ref_src=twsrc%5Etfw">@BMW</a> &#x1f600;
&mdash; Tesla (@Tesla) <a href="https://twitter.com/Tesla/status/1866563548228309419?ref_src=twsrc%5Etfw">December 10, 2024</a></blockquote>
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BMW의 긍정적인 반응은 테슬라 주가 상승을 원하는 주주들 사이에서 테슬라가 결국 FSD 기술을 다른 차량 제조사에게 라이선스할 수 있을 것이라는 기대를 불러 일으켰다.
퓨처 펀드의 매니징 파트너인 개리 블랙은 화요일에 다음과 같이 말했다. &#8220;언젠가는 테슬라가 원하는 대로 자율주행 패키지를 개발하지 않은 다른 자동차 제조업체와 FSD 라이선스 계약을 체결할 것이다. 한 건의 계약이 다른 계약으로 이어지면서 애널리스트들은 테슬라 분석 모델과 목표주가에 라이선스 수익을 반영할 것이다. 언제 첫 번째 계약이 성사될지는 아무도 모르지만, 적어도 한 건은 들어올 것으로 보인다.&#8221;
그러나 게리 블랙은 테슬라의 목표주가를 결정하는 과정에서 잠재적인 라이선스 계약을 고려하지 않을 것이라고 덧붙였다.
"그 뒤에 실질적인 내용이 있어야 한다. 그렇지 않으면 고려하지 않을 것이다.&#8221;
게리 블랙은 테슬라 6~12개월 목표주가를 <a href="https://www.benzinga.com/markets/equities/24/12/42404312/gary-black-boosts-tesla-price-target-by-27-to-380-citing-25k-hatchbacks-market-potential">380달러로</a> 책정했다.
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">
At some point <a href="https://twitter.com/search?q=%24TSLA&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$TSLA</a> will sign an FSD licensing deal with another auto mnfr who hasn't developed an autonomous driving package to their liking. One deal will cause others to follow and then analysts will build licensing revs into their TSLA models and price targets. No one knows… <a href="https://t.co/wb266zgyQc">https://t.co/wb266zgyQc</a>
&mdash; Gary Black (@garyblack00) <a href="https://twitter.com/garyblack00/status/1866586358224994504?ref_src=twsrc%5Etfw">December 10, 2024</a></blockquote>
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중요한 이유: 테슬라 CEO인 일론 머스크는 올해 초에 다른 자동차 회사에 <a href="https://www.benzinga.com/news/24/04/38039926/not-an-april-fools-teslas-fsd-wows-ex-cruise-exec-who-calls-its-driving-eerily-natural">완전자율주행(FSD) 기술</a>을 라이선스하는 것을 "기쁘게" 생각한다고 말했다. 그러나 1월에는 <a href="https://www.benzinga.com/news/24/01/36772202/elon-musk-says-tesla-hasnt-received-any-fsd-licensing-agreements-from-rivals-i-think-they-dont-belie">단 하나의 FSD 라이선스 계약도 체결하지 않았다고 밝혔다</a>.
하지만 머스크는 다음과 같이 강조했다. &#8220;잠정적인 대화가 있었지만, 합의에 이르지는 못했다. 경쟁사들이 아직 그 사실을 믿지 못하는 것 같다. 내가 다른 자동차 회사의 CEO였다면, 테슬라에 전화를 걸어 테슬라의 완전자율주행 기술에 대한 라이선스를 요청했을 것이다."
벤징가의 퓨처 모빌리티 관련 보도를 보려면 <a href="https://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">이 링크를 클릭하세요.</a>
사진 출처: Shutterstock
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BMW "테슬라의 FSD 매우 인상적", 게리 블랙 "다른 제조사들은 라이선스로 사용하게 될 것"

<h3 class="wp-block-heading">새로이 등장한 블록</h3>
<ul>
<li>스타벅스(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBUX#NASDAQ">SBUX</a>)가 중국 사업의 일부 지분을 매각하려고 한다. 최근 1분기 중국 내 동일 매장 매출이 14% 감소하면서, 시애틀에 본사를 둔 이 커피 소매업체는 치열한 <a href="https://www.benzinga.com/news/asset-sales/24/11/42117962/starbucks-eyes-stake-sale-in-china-amid-fierce-competition-and-falling-sales">경제적 및 경쟁적 압박</a>에 적응하기 위한 파트너십을 모색하고 있다.</li>
</ul>
<h3 class="wp-block-heading">파산 블록</h3>
<ul>
<li>스낵 제조업체 하스사이드 푸드 솔루션스(Hearthside Food Solutions)이 파산했다. 사모펀드 소속 회사는 파트너스 그룹 홀딩 AG(Partners Group Holding AG)와 찰스뱅크 캐피털 파트너스(Charlesbank Capital Partners)의 소유 하에 쌓인 19억 달러의 부채를 정리하려고 한다. 두 회사는 하스사이드를 24억 달러 이상에 인수했다. 자산과 부채는 각각 10억 달러에서 100억 달러 사이이다. 작년에는 미국에서 파산한 사모펀드 포트폴리오 회사의 수가 <a href="https://www.spglobal.com/marketintelligence/en/news-insights/latest-news-headlines/private-equity-portfolio-companies-on-track-for-most-bankruptcies-since-2020-74886821">2020년의 파산 건수를 초과</a>했다. 2024년이 더 나쁠지는 지켜봐야 한다.</li>
</ul>
<ul>
<li>노스볼트(Northvolt)가 58억 달러의 부채로 파산 신청을 했다. 스웨덴 배터리 제조업체인 노스볼트는 폭스바겐 AG(OTC:<a class="ticker" href="https://www.benzinga.com/stock/VWAGY#OTC">VWAGY</a>)와 BMW AG(OTC:<a class="ticker" href="https://www.benzinga.com/stock/BMWYY#OTC">BMWYY</a>)에 배터리를 공급하며 작년에 <a href="https://www.benzinga.com/news/23/03/31506581/volkswagen-bmw-battery-supplier-northvolt-eyes-raising-5b-via-debt">부채를 조달하기 위해 은행과 협상</a>했던 기억이 있다. 이제는 미국 챕터 11 파산 보호 신청에 따라 구조조정을 희망하고 있다.</li>
</ul>
참고: <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/11/42024210/benzinga-bulls-and-bears-tesla-disney-gold-and-hedge-funds-project-bitcoin-to-hit-100k-150k">벤징가의 불스 및 베어스: 테슬라, 디즈니, 금 &#8211; 그리고 헤지펀드가 비트코인이 10만 달러에서 15만 달러에 이를 것이라고 전망</a>
<h3 class="wp-block-heading">블록에서의 업데이트</h3>
<ul>
<li>구글의 앤트로픽(Anthropic)에 대한 20억 달러 투자 계획이 <a href="https://www.benzinga.com/news/large-cap/23/10/35474706/googles-ai-ambitions-grow-with-major-investment-in-openai-rival-anthropic">블룸버그</a>에 따르면 위험에 처해 있다. 앤트로픽은 제프 베이조스가 지원하는 인공지능(AI) 혁신 기업 오픈AI의 경쟁사입니다. 미국 법무부(DOJ)는 <a href="https://www.benzinga.com/tech/24/11/42105079/googles-unlawful-behavior-stifles-market-entry-for-rivals-doj-says-alphabet-must-sell-chrome-to-end-search-monopoly">수요일 법원 제출에서</a> 알파벳(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>)의 구글이 온라인 검색 독점을 해체하기 위해 크롬 브라우저를 매각해야 한다고 권고했다. 여기서 끝나지 않는다. 규제 당국은 구글이 소비자가 정보를 검색하는 곳을 제어하는 회사와 어떤 거래도 할 수 없도록 금지해야 한다고 말했다. <a href="https://www.benzinga.com/tech/24/11/42123646/google-anthropic-deal-in-jeopardy-as-us-justice-department-looks-to-snap-online-search-monopoly">이에는 AI 제품도 포함</a>된다.</li>
</ul>
<ul>
<li>리키 윌리엄스(Ricky Williams)의 하이즈맨(Highsman)이 대마초 브랜드 프로즌 필즈(Frozen Fields)와 합병하여 톱 시드(Top Seed Inc)를 형성했다. 이 파트너십은 대마초와 대마 산업 분야를 통합하여 제품을 <a href="https://www.benzinga.com/markets/cannabis/24/11/42097662/ricky-williams-highsman-merges-with-hemp-brand-frozen-fields">향상시키고 공급망을 통제</a>한다.</li>
</ul>
<ul>
<li>메이크마이트립(MakeMyTrip)이 하페이(Happay)를 크레드(CRED)로부터 인수했다. 이 거래는 인도에서 기업 여행 및 경비 관리 솔루션을 강화할 것으로 예상된다. 하페이의 팀은 메이크마이트립과 통합되어 <a href="https://www.benzinga.com/general/travel/24/11/42039458/makemytrip-agrees-to-acquire-happay-bolstering-its-arsenal-for-corporate-travel-solutions">900개 이상의 고객을 지원</a>할 것이다.</li>
</ul>
<ul>
<li>앰코(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMCR#NYSE">AMCR</a>)와 베리 글로벌 그룹(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BERY#NYSE">BERY</a>)가 주식 거래로 합병하기로 합의했으며, 이번 거래은 베리 주식을 주당 <a href="https://www.benzinga.com/news/large-cap/24/11/42069248/amcor-and-berry-seal-the-deal-73-59-per-share-merger-to-forge-packaging-powerhouse">73.59달러로 평가</a>했다.</li>
</ul>
<ul>
<li>일본제철(OTC:<a class="ticker" href="https://www.benzinga.com/stock/NISTF#OTC">NISTF</a>)의 경영진이 펜실베니아로 출장을 가서 US 스틸(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/X#NYSE">X</a>)에 대한 150억 달러 인수 제안을 지지받으려 했다. 이 일본 철강 거인은 워싱턴에서 정치적 저항에 직면하고 있다. 모리 타카히로(Takahiro Mori), 일본제철의 부회장이 인수 찬성을 위해 토요일에 피츠버그에 도착했다. 이 거래는 조 바이든 대통령과 도널드 트럼프 대통령 당선자가 모두 미국 철강회사가 <a href="https://www.benzinga.com/markets/24/11/42056111/nippon-steel-execs-rally-support-in-pennsylvania-amid-pushback-on-us-steel-takeover">미국 소유로 남아있기를 선호</a>한다고 반대에 직면하고 있다.</li>
</ul>
<h3 class="wp-block-heading">블록에서의 메모</h3>
다윈 파이낸셜 컴퍼니(Darwin Financial Company)의 공동 설립자 조슈아 로빈슨(Joshua Robinson)은 INYOAG LLC와의 5,500만 달러 자금 조달 거래를 발표했다. 이 자금은 캘리포니아 이노 카운티에 있는 태양열 발전 광산 개발에 사용될 예정이며, 해당 지역에는 은, 납, 아연, 텅스텐 및 구리 매장량이 확인되어 있다. 로빈슨과의 대화 내용은 다음과 같다:
<h4 class="wp-block-heading">BZ: 다윈 금융과 기초 금속 광산업체 INYOAG 간의 거래 구조는 어떻게 되나요? </h4>
로빈슨: 이번 거래 구조는 5,500만 달러 프로젝트 자금 조달 패키지로, 세 가지 구성 요소로 나누어진다: 황화물 및 산화물 생산에 각각 1,750만 달러 및 1,250만 달러의 6년 만기 채권, 그리고 광산이 월 1,000만 달러의 매출을 달성할 경우에만 발동되는 2,000만 달러의 조건부 주식 투자이다. 우리는 두 생산 트랙에서 총 매출의 17%를 확보하며, 이는 안전한 록박스 방식으로 구조화된다. 이것은 단순한 주식 투자가 아니며, 우리는 추가적인 상승 가능성을 제공하기 위해 특별히 이렇게 설계했다.
<h4 class="wp-block-heading">추가 투자자/합작 투자 파트너를 찾고 있나요? </h4>
네, 우리는 이것을 여러 층의 상승 가능성을 창출하기 위해 고의적으로 구조화했다. 이는 광산 분야에서 꽤 독특한 접근 방식이다. 우리는 생산에서의 단기 현금 흐름과 상당한 확장 가능성을 제공하는 하이브리드 모델을 만들었다. 우리는 이미 기존 광산 업체들로부터 관심을 받고 있지만, 특히 중요한 광물의 전략적 가치를 이해하는 새로운 투자자들을 이 분야에 끌어들이는 것에 대해 기대하고 있다.
<h4 class="wp-block-heading">중요 광물의 외국 공급원에 의존하는 것의 단점은 무엇인가요? </h4>
중국의 최근 움직임은 여기서 긴급성을 강조한다. 중국은 이미 게르마늄과 갈륨에 대한 수출 통제를 시행했고, 최근 안티모니도 목록에 추가했다. 이는 더 이상 이론적인 문제가 아니라, 실제로 발생하고 있다. 우리는 방산 및 기술에 필수적인 이러한 광물에 대해 공급망의 지역적 회복력을 구축해야 한다. 다윈 광산은 단일 자산에서 여러 중요한 광물의 국내 공급원을 구축할 수 있는 독특한 기회를 제공한다. 이는 찾기 어려운 일이다.
<h4 class="wp-block-heading">광산은 태양열로 운영되나요? </h4>
100MW 시설은 광산만을 전력 공급하는 것이 아니라, 우리가 생산하는 광물로 발전소 규모의 에너지 저장 시스템을 개발할 수 있는 충분한 청정 에너지를 생성할 것이다. 이는 우리의 광산 운영이 청정 에너지 배치를 직접 지원하는 선순환을 만든다.
<h4 class="wp-block-heading">2025년 목표는 무엇인가요? </h4>
2025년의 주요 목표는 자금 지원 후 6개월 이내에 황화물 생산을 하루 300톤으로, 9개월 이내에 산화물 생산을 하루 200톤으로 끌어올리는 것이다. 이는 월 1,000만 달러의 매출을 달성하게 되며, 그 후 심화된 광산 개발 프로그램이 발동다.
지난 주의 거래 소식은 <a href="https://kr.benzinga.com/news/usa/stocks/%EB%94%9C-%EB%94%94%EC%8A%A4%ED%8C%A8%EC%B9%98-%EC%89%98-%EC%9C%A0%EB%8B%88%EB%A0%88%EB%B2%84-%EC%99%B8%EC%97%90%EB%8F%84-%EB%A7%A4%EA%B0%81-%EB%89%B4%EC%8A%A4-%EC%96%B4%EB%8B%88%EC%96%B8%EC%9D%B4/" target="_blank" rel="noopener">여기를 클릭하세요</a>.
지금 읽을 내용: 
<ul>
<li><a href="https://kr.benzinga.com/news/usa/stocks/ai-%EB%AC%BC%EA%B2%B0%EC%9D%84-%ED%83%80%EA%B3%A0-%EC%97%94%EB%B9%84%EB%94%94%EC%95%84%EA%B0%80-%EB%8B%A4%EC%9A%B0%EC%A1%B4%EC%8A%A4-%EC%82%B0%EC%97%85%ED%8F%89%EA%B7%A0-%EC%A7%80%EC%88%98%EC%97%90/" target="_blank" rel="noopener">엔비디아, AI 붐으로 인텔을 다우존스 산업평균지수에서 교체하여 25년간의 지배를 종료</a></li>
</ul>
이미지: Benzinga
Benzinga Pro의 독점 뉴스 및 도구로 더 많은 승리를 거두세요 
독점 속보 및 스캐너와 같은 Benzinga Pro의 강력한 도구 세트로 다른 트레이더보다 우위를 점하세요. 
<a href="https://www.benzinga.com/pro/register?t=be2bewe5mibe3bz3&amp;utm_source=bz-kor" target="_blank" rel="noreferrer noopener">여기를 클릭</a>하여 14일 무료 체험을 시작하세요.

독일은 이번 주 금요일 유럽연합이 제안한 <a href="https://www.benzinga.com/news/24/09/40810974/us-ally-urges-eu-to-reconsider-tariffs-on-chinese-evs-we-dont-need-another-war" target="_blank" rel="noopener" data-google-interstitial="false">중국 전기 자동차에 대한 관세에 반대표를 던질 예정</a>이다. 이 결정은 올라프 숄츠 독일 총리에 대한 업계 리더들의 상당한 압력이 있은 후에 나온 것이다.
무슨 일이 (What Happened): 독일은 7월에 유럽연합 집행위원회의 세금 제안에 대한 비구속 투표에서 이전에 기권한 바 있다. 이 집행위원회의 계획은 15개 EU 회원국의 65% 인구를 대표하는 과반수의 지지가 필요하다고 로이터가 보도했다.
프랑스, 그리스, 이탈리아 그리고 폴란드가 관세 부과에 찬성하고 있어 이 조치를 추진할 수 있다.
집행위원회는 관세가 저렴한 대출과 원자재 지원과 같은 보조금을 반대하기 위해 필요하다고 주장하며, 이는 중국 제조업체들을 배제하기 위한 것이 아니라 공정한 경쟁의 장을 마련하기 위한 것이라고 강조했다.
그러나 중국에서 상당한 매출을 올리는 독일 자동차 제조사들은 보복 조치와 잠재적인 무역 갈등에 대한 우려로 인해 세금에 반대한다.
영향력 있는 독일 노동조합 이게메탈(IG Metall)과 주요 자동차 제조사들의 직원 대표들이 관세에 반대하는 공동 성명을 발표하며, &#8220;관세는 잘못된 접근 방식이며, 유럽 자동차 산업의 경쟁력을 향상시키지 않는다&#8221;고 밝혔다.
테슬라(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>)는 베를린 근처의 <a href="https://www.benzinga.com/news/24/07/39640029/teslas-giga-berlin-expansion-gets-environmental-authority-approval-after-chancellor-scholz-voiced-ai" target="_blank" rel="noopener" data-google-interstitial="false">기가팩토리 확장을 위한 임시 승인</a>을 독일 당국으로부터 받았으며, 이는 테슬라의 유럽 전기차 시장 내 입지 강화의 핵심적인 움직임이다.
독일 자동차 산업 협회(VDA)에 따르면, 2023년 독일에서 127만 대의 배터리 전기차와 플러그인 하이브리드 차량이 생산되어, 중국에 이어 세계에서 두 번째로 큰 전기차 생산국이 되었다.
비록 중국이 글로벌 전기차 생산을 주도하고 있지만, 대부분의 차량이 국내에서 판매되는 반면, 독일 전기차의 76%는 수출된다는 점에서 독일은 국제 전기차 시장에서 중요한 역할을 하고 있다.
독일의 자동차 제조사들은 엔지니어링 우수성으로 유명하며, 폭스바겐(OTC:<a class="ticker" href="https://www.benzinga.com/stock/VWAGY#OTC">VWAGY</a>), 메르세데스-벤츠 그룹(OTC:<a class="ticker" href="https://www.benzinga.com/stock/MBGAF#OTC">MBGAF</a>), 바이에리셰 모터렌 베르케 AG(OTC:<a class="ticker" href="https://www.benzinga.com/stock/BMWYY#OTC">BMWYY</a>)와 같은 브랜드들이 있다.
참고: <a href="https://www.benzinga.com/news/24/10/41161763/european-telecom-giants-threaten-legal-action-against-elon-musks-starlink-over-potential-fcc-rule-ch?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">유럽 통신사들이 일론 머스크의 스타링크에 대한 법적 조치를 위협하는 이유는 FCC 규칙 변경 가능성 때문</a>
왜 중요하나요 (Why It Matters): 유럽연합의 중국 전기차에 대한 관세 결정은 국제 무역에 잠재적인 파급 효과를 미치는 논란이 많은 문제이다. EU는 저렴한 중국 전기차의 유입으로부터 자국 자동차 산업을 보호하고자 하며, 이는 <a href="https://www.benzinga.com/news/24/10/41143690/european-tariffs-on-chinas-ev-makers-could-backfire">2023년 EU 전체 전기차 수입의 54%</a>를 차지했다.
하지만 이러한 보호무역주의적 태도는 중국과의 무역 전쟁으로 번질 수 있으며, EU의 수출 의존 기업과 전기차 목표를 위태롭게 할 수 있다.
중국은 이미 캐나다가 부과한 유사한 관세에 대해 세계무역기구(WTO)에 접근하여 <a href="https://www.benzinga.com/news/24/09/40914629/china-warns-eu-tariffs-on-evs-will-harm-trade-with-germany">무역 긴장이 고조될 가능성</a>을 강조했다. 중국 상무부 장관은 EU의 세금이 무역, 특히 독일과의 무역에 심각한 혼란을 초래할 수 있다고 경고했다.
또한 스페인의 총리 페드로 산체스는 <a href="https://www.benzinga.com/news/24/09/40810974/us-ally-urges-eu-to-reconsider-tariffs-on-chinese-evs-we-dont-need-another-war">EU의 입장 재평가</a>를 촉구하며, 추가적인 무역 분쟁을 피하기 위한 타협의 필요성을 강조했다.

다음 읽기: 
<ul>
<li><a href="https://www.benzinga.com/markets/equities/24/10/41169516/tesla-recalls-27-185-cybertruck-vehicles-over-rearview-camera-delay?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">테슬라, 후방 카메라 지연으로 사이버트럭 27,185대 리콜</a></li>
</ul>
이미지 제공: Shutterstock
면책 조항: 이 콘텐츠는 AI 도구의 도움을 받아 부분적으로 생성되었으며, Benzinga 편집자가 검토하고 게시했습니다.
다른 트레이더들보다 30분 일찍 독점 시장 움직임 뉴스를 받아보세요. 
Benzinga Pro의 14일 무료 체험을 통해 독점 뉴스 기사를 이용할 수 있어 수백만 명의 다른 트레이더보다 먼저 실행 가능한 거래 뉴스를 얻을 수 있습니다. <a href="https://www.benzinga.com/pro/register?t=be2bewe5mibe3bz3&amp;utm_source=bz-kor" target="_blank" rel="noreferrer noopener">여기를 클릭</a>하여 14일 무료 체험을 시작하세요.

미국 주식 시장이 <a href="https://www.benzinga.com/markets/equities/24/09/40674353/is-the-market-open-on-labor-day" target="_blank" rel="noopener" data-google-interstitial="false">노동절 연휴</a>로 인해 문을 닫으면서 거래량이 적어 9월에는 글로벌 시장이 조심스럽게 시작되었다.
트레이더들이 유럽중앙은행(ECB)의 임박한 금리 인하를 예상함에 따라 유럽 시장은 소폭 상승 마감했다. 범유럽 유로 스톡스 50 지수는 이날 0.3% 상승해 7월 중순 이후 최고 수준으로 마감했다. 독일에서는 DAX 지수가 0.1% 상승하며 종가 기준으로 새로운 기록을 세웠다.
유럽 ​​대형주 중에서는 사노피(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SNY#NASDAQ">SNY</a>)가 3.6% 상승하며 상승세를 주도했고, 오렌지(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ORAN#NYSE">ORAN</a>)와 텔레포니카 SA(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TEF#NYSE">TEF</a>)가 각각 1.7%, 1.5% 상승하며 뒤를 이었다.
가장 큰 하락폭을 기록한 종목은 에어버스 SE(OTCPK:EADSY)로 1.4% 하락했고 아디다스 AG(OTCPK:ADDY)는 0.9% 하락했으며 케어링 SA(OTCPK:PPRUY)와 BMW AG(OTCPK:BMWYY)는 각각 0.8% 하락했다.
<h3 class="wp-block-heading">다른 시장들</h3>
외환시장에서는 미 동부 시간 오후 2시 기준 유로화는 달러 대비 0.2% 오른 1.1070에 거래되며, 3일 연속 하락세를 끊었다. 영국 파운드는 달러 대비 0.1% 소폭 하락했고, 호주 달러는 0.4% 상승했다.
일본 엔화는 월요일 달러화 대비 0.4% 하락해 가장 약세를 보였으며, 연방준비제도(연준)의 공격적인 금리 인하 기대가 줄어들어 지난주 추세가 연장되었다.
원자재 시장에서 미국 천연가스 선물은 냉방 수요 증가로 인해 MBTU당 2.10달러로 2.8% 급등했다. 중서부 지역은 주말 동안 기록적인 기온에 직면해 6천만 명 이상의 주민에게 폭염 경보가 발령되고 에어컨 사용량이 급증했다.
원유 선물은 배럴당 0.5% 상승했고, 금은 온스당 2,498.91달러 아래로 약간 떨어지면서 0.2% 하락했다.
비트코인(CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>)은 일요일에 2.8% 하락한 후 58,550달러로 2% 이상 상승했다.
<h3 class="wp-block-heading">월요일 주요 기업 뉴스</h3>
<ul>
<li>로이터통신에 따르면 독일 자동차 제조사 BMW가 전 세계 14만 대 이상의 자동차에 잠재적으로 영향을 미칠 수 있는 배터리 문제로 인해 전기 미니 쿠퍼 SE 차량을 리콜한다고 한다.</li>
<li>유럽 의약품청(EMA)이 월요일에 발표한 노트에서 네덜란드 제약회사 노보 노디스크 A/S(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOVO#NYSE">NOVO</a>)가 공급 상황이 안정될 때까지 신규 환자 등록을 계속 제한해야 한다고 권고했다. 이에 따라 노보 노디스크 주식은 1% 하락했다.</li>
<li>사모펀드 대기업 블랙스톤(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BX#NYSE">BX</a>)가 버스톤 리소스(OTCPK:BBSRF)가 관리하는 유럽 물류 창고 포트폴리오의 80% 지분을 인수하기로 합의했다.</li>
</ul>
추가로 읽어보세요:
<ul>
<li><a href="https://www.benzinga.com/24/09/40676774/september-market-seasonality-why-this-month-is-historically-the-toughest-for-investors">9월 시장 계절성: 왜 이 달이 역사적으로 투자자들에게 가장 힘든 달인가?</a></li>
</ul>
다른 트레이더들보다 30분 일찍 독점 시장 움직임 뉴스를 받아보세요 
Benzinga Pro의 14일 무료 체험을 통해 독점 뉴스 기사를 이용할 수 있어 수백만 명의 다른 트레이더보다 먼저 실행 가능한 거래 뉴스를 얻을 수 있습니다. <a href="https://www.benzinga.com/pro/register?t=be2bewe5mibe3bz3&amp;utm_source=bz-kor" target="_blank" rel="noreferrer noopener">여기를 클릭</a>하여 14일 무료 체험을 시작하세요.

美 노동절에 유럽 주식은 보합, 독일 DAX는 기록적인 마감, 천연가스 선물은 상승

중국 자동차 제조사들은 중국에서 판매되는 유럽 휘발유 자동차에 대한 관세 인상을 촉구한 것으로 알려졌다. 이번 조치는 <a href="https://www.benzinga.com/news/24/06/39292802/eu-tariffs-on-chinese-evs-raises-red-flags-battery-maker-warns-of-dwindling-demand-for-material-shor" target="_blank" rel="noopener" data-google-interstitial="false">유럽연합(EU)</a>의 중국산 전기차 수출 제한 조치에 대한 보복 조치로 풀이된다.
사건의 전개 (What Happened): 중국 자동차 업계는 화요일 비공개 회의에서 항소했다. 이번 회의는 중국 상무부가 주최했으며 SAIC, BYD(OTCPK:<a class="items-end ticker-link-wrapper inline-flex" href="https://www.benzinga.com/quote/byddy" target="_blank" rel="dofollow noopener" aria-label="Go to Quote Page for BYDDY">BYDDY</a>), 바이리셰 모토렌 베르케 AG(OTC:<a class="ticker" href="https://www.benzinga.com/stock/BMWYY#OTC">BMWYY</a>), 폭스바겐(OTCPK:<a class="items-end ticker-link-wrapper inline-flex" href="https://www.benzinga.com/quote/vwagy" target="_blank" rel="dofollow noopener" aria-label="Go to Quote Page for VWAGY">VWAGY</a>) 및 포르쉐 오토모빌(OTC:<a class="ticker" href="https://www.benzinga.com/stock/POAHY#OTC">POAHY</a>) 등 중국과 유럽의 자동차 회사가 모두 참석했다고 로이터 통신은 관영 글로벌 타임즈를 인용해 보도했다.
이 업계 대표들은 중국 정부가 배기량 엔진이 장착된 휘발유 자동차에 대한 잠정 관세 인상을 고려해야 한다고 제안했다. 이번 요청은 EU가 최근 중국 경쟁으로부터 자국 자동차 산업을 보호하기 위해 관세를 부과한 것에 대한 대응으로 나온 것이다.
중국 국제경제교류센터(China Center for International Economic Exchanges)의 수석 연구원인 장옌성(Zhang Yansheng)은 "개인적으로 (중국의) 생산 능력 가동률과 중국의 신에너지 차량에 대한 수요 부족만을 근거로 관세 전쟁을 시작하는 것은 불공평하다고 생각한다"고 말했다.
유럽연합 집행위원회는 이 상황에 대해 상호 합의 가능한 해결책을 논의할 의향이 있음을 밝혔다.
왜 중요한가 (Why It Matters): EU 통계청의 수치에 따르면, 2023년 EU의 중국으로의 자동차 수출은 총 194억 유로(208억 달러)에 달했다. 같은 기간 EU는 중국으로부터 97억 유로 상당의 전기자동차를 수입했다. 중국은 독일 자동차 제조사드의 매출 약 30%를 차지한다.
중국 관세청 자료에 따르면, 2.5리터 이상의 엔진을 장착한 차량의 최대 수출국인 독일은 올해 초부터 12억 달러 상당의 차량을 중국에 수출했다.
EU가 지난 6월 중국 전기차에 반보조관세를 부과하기로 결정하자 중국 내 반발이 잇따랐다. 중국은 자국의 <a href="https://www.benzinga.com/news/24/06/39291257/china-vows-to-firmly-safeguard-interests-against-new-eu-tariffs-as-ev-makers-experts-give-mixed-reac">이익을</a> 보호하고 권리를 보호하기 위해 필요한 모든 조치를 취할 것을 다짐했다. 이번 조치는 중국이 전기차 제조업체들에 대한 국가 지원을 &#8216;불공정&#8217;하게 사용한 데 대한 대응으로 풀이된다.
이러한 새로운 관세는 잠재적으로 중국 자동차 제조업체의 성장을 <a href="https://www.benzinga.com/news/24/06/39306681/fresh-eu-tariffs-could-slow-down-tesla-chinese-rivals-but-warren-buffett-backed-byd-can-profitably-e" target="_blank" rel="noopener" data-google-interstitial="false">둔화</a>시킬 수 있지만 워렌 버핏이 지원하는 BYD와 같은 회사는 경쟁력을 유지할 것으로 예상된다. 그러나 베인 앤 컴퍼니(Bain &amp; Co.)의 파트너는 해외 시장에서 중국 EV 제조업체 간에 진행 중인 가격 전쟁이 잠재적으로 제품 품질에 대한 의구심을 불러일으킬 수 있다고 <a href="https://www.benzinga.com/markets/asia/24/06/39311054/bain-partner-warns-chinese-ev-makers-price-wars-abroad-could-jeopardize-product-quality-and-brand-re" target="_blank" rel="noopener" data-google-interstitial="false">경고</a>했다.
다음으로 읽기: <a href="https://www.benzinga.com/markets/asia/24/06/39362931/why-alibaba-stock-could-rally-golden-cross-in-sight?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">알리바바 주식이 반등할 수 있는 이유: 골든 크로스가 보인다</a>
사진 제공: 셔터스톡
이 이야기는 <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a>의 기술을 사용하여 쓰여졌으며 <a href="https://www.benzinga.com/topic/Kaustubh-Bagalkote" target="_blank" rel="noreferrer noopener">Kaustubh Bagalkote</a>가 편집했습니다.

POAHY

중국 자동차 제조업체, EV 관세에 대한 보복으로 EU 휘발유 자동차에 대한 관세 인상 촉구

주요 계약 칩 제조업체인 대만 반도체 제조(TSMC)(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>)와 폭스콘(Foxconn)으로 더 널리 알려진 그리고 애플(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>)의 아이폰 조립업체로 더 널리 알려진 혼하이 정밀공업(OTC:<a class="ticker" href="https://www.benzinga.com/stock/HNHPF#OTC">HNHPF</a>)은 정치 및 비즈니스 변화에 따른 글로벌 공급망 변화를 주도하고 있다.
애플 및 엔비디아(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>)와 같은 고객들에게 서비스를 제공하는 TSMC는 폭스바겐(OTC:<a class="ticker" href="https://www.benzinga.com/stock/VWAGY#OTC">VWAGY</a>), BMW(OTC:<a class="ticker" href="https://www.benzinga.com/stock/BMWYY#OTC">BMWYY</a>) 및 포르쉐와 같은 자동차 대기업드과 근접한 독일 드레스덴과 같은 중요한 자동차 허브로 확장했다.
블룸버그에 <a href="https://www.bloomberg.com/opinion/articles/2024-06-09/tsmc-and-foxconn-will-guide-the-global-supply-chain?sref=TBDibEcD" target="_blank" rel="noreferrer noopener">따르면</a> 이 사이트는 보쉬(Bosch) 및 인피니온(Infineon)과 같은 공동 투자자들의 관심을 끌며 공급업체들도 인근에 사업장을 설립할 수 있도록 보장한다.
또한 읽:<a href="https://kr.benzinga.com/news/%eb%8c%80%eb%a7%8c%ec%9d%98-tsmc-%ec%9d%b8%ea%b3%b5-%ec%a7%80%eb%8a%a5-%eb%b6%90%ec%97%90-%eb%a7%9e%ec%b6%94%ec%96%b4-5%ec%9b%94-71%ec%96%b5-%eb%8b%ac%eb%9f%ac%ec%9d%98-%eb%a7%a4%ec%b6%9c-%ec%a0%84/" target="_blank" rel="noopener"> 대만의 TSMC, 인공 지능 붐에 맞추어 5월 71억 달러의 매출 전망 보고</a>
일본 구마모토현에서 TSMC는 소니 그룹(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SONY#NYSE">SONY</a>), 토요타 자동차(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TM#NYSE">TM</a>) 및 덴소(Denso)와 제휴하여 일본의 자동차 및 전자 산업에 서비스를 제공한다.
애리조나 시설은 고객의 압력과 정부 인센티브로 인해 설립되었으며 LCY 케미칼(LCY Chemical) 및 탑코 사이언티픽(Topco Scientific)과 같은 공급업체들을 유치했다.
TSMC는 칩 제조 역량을 강화하기 위해 2021년 310억 달러에서 2022년 440억 달러를 배정했다. 이 칩 제조업체는 미국 칩 자금에서 66억 달러를 확보했다고 더 버지(The Verge)가 <a href="https://www.theverge.com/24166234/chips-act-funding-semiconductor-companies" target="_blank" rel="noreferrer noopener">보도</a>했다.
애플의 아이폰과 엔비디아의 AI 서버를 조립하는 것으로 유명한 폭스콘은 24개국 205개 사이트로 글로벌 입지를 확장하고 있다.
폭스콘의 멕시코, 인도 및 동남아시아로의 확장과 지멘스(Siemens) 및 스텔란티스(Stellantis)와 같은 유럽 산업 기업들과의 파트너십은 공장 자동화, 운송, 물류, 항공우주 및 대체 에너지에 대한 전략적 추진을 보여준다.
폭스콘은 메제코, 인도 및 동남아시아로의 확장, 시멘스와 스텔란티스와 같은 유럽 산업 회사들과의 제휴를 통해 공장 자동화, 운송, 물류, 항공우주 및 대체 에너지로의 전략적 진출을 보여주었습니다.
가격 움직임임: 월요일 미 동부 시간 오후 1:33에 TSMC의 주식은 2.08% 상승한 167.81달러에 거래되었다.
면책 성명: 콘텐츠 특성상 이 기사의 일부 내용은 AI가 리뷰 및 발행한 바 있으며, Benzinga 편집자들이 검토 및 발행하였습니다.
사진 제공: Shutterstock의 Ivan Marc

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