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Electric vehicle

Tesla losing its dominance in electric vehicle market

The American auto giant was comfortably topping the European EV charts in 2019.
In 2020, it delivered nearly 98,000 vehicles and made up just 13% of the European market.

Published 02 Feb, 2021 02:00pm

Markets

Lithium price bust turns to boom as electric vehicle sales soar

China lithium carbonate prices jump 37% in Jan, most in 5 yrs.
Prices break 3-yr slide.
Market on cusp of new demand surge from EV sector.

Published 29 Jan, 2021 07:51pm

Business & Finance

Toyota beats Volkswagen to become World's No.1 car seller in 2020

Toyota said on Thursday its group-wide global sales fell 11.3% to 9.528 million vehicles in 2020.
Automakers have suffered as coronavirus lockdowns have stopped people from visiting car showrooms and forced manufacturing plants to reduce or halt production.

Published 28 Jan, 2021 07:36pm

Pakistan

Govt to implement ‘EV Policy for 4-Wheelers’ soon: Fawad

ISLAMABAD: Federal Minister for Science Technology Fawad Chaudhry has announced that the government will soon...

Published 25 Jan, 2021 04:23am

Business & Finance

PM to Meet Tesla Executives to Discuss Launch of Electric Vehicles in Pakistan

Prime Minister Imran Khan will meet executives at Tesla to explore investment opportunities in the electric vehicle (EV) industry in Pakistan.

Published 20 Jan, 2021 02:10pm

Business & Finance

Geely and Foxconn team up to build cars for other automakers

Foxconn, whose official name is Hon Hai Precision Industry Co Ltd and is best known as a major supplier to Apple Inc , said in October it aimed to provide components or services to 10% of the world's EVs by 2025-2027.

Published 13 Jan, 2021 02:02pm

Business & Finance

Hyundai says in early talks with Apple after electric vehicle tie-up report

The report comes weeks after Reuters reported that Apple was moving forward with self-driving car technology and was aiming to produce a passenger vehicle that could include its own breakthrough battery technology as early as 2024.

Published 09 Jan, 2021 11:35am

Pakistan

Cabinet approves EV Policy for 4 wheelers: Hammad

He said that for manufacturers only 1pc tax on import of electric vehicle parts will be imposed.

Published 23 Dec, 2020 12:45am

Business & Finance

International EV Manufacturers setting up in Pakistan: Fawad Chaudhry

International Electric Vehicle (EV) manufacturers including MG Motors already setting up facilities in Pakistan, according to Fawad Chaudhry, the Federal Minister for Science and Technology.

Updated 22 Dec, 2020 03:58pm

Pakistan

Pakistan to introduce new EV int'l safety standards for transport vehicles, Science minister

However, the Economic Coordination Committee (ECC) has approved the Electric Vehicle Policy which will end the monopoly of car manufacturers in the country, he mentioned.

Published 18 Dec, 2020 05:45pm

Markets

Foreign Cos keen in manufacturing electric cars, mobile-phone in Pakistan

“VIVO [Chinese smartphone manufacturer] is purchasing land to establish a mobile manufacturing plant in Pakistan, whereas Samsung [South Korea technology giant] is actively drawing its feasibility but has yet to reach a conclusion, but we are optimistic,” said Azhar.

Published 18 Dec, 2020 10:58am

Pakistan

Over 30pc of transport to be shifted into E-vehicles by 2030: Fawad Ch

He said EVs can also help improve urban air quality, reduce noise pollution, and significantly reduce the health costs associated with pollution in urban areas.

Updated 17 Dec, 2020 07:28pm

Pakistan

Electric vehicle policy to be launched soon: SAPM

He said that the government was taking steps to enhance reliance on renewable energy as country was facing looming threat of the climate changes.

Published 15 Dec, 2020 06:13pm

Business & Finance

Plan for Islamabad-Murree Electric Train in the Works: Fawad

With the electric buses project for Islamabad reaching EOI level, Fawad Chaudhary announced that a plan to launch an electric train from Islamabad Airport to Murree is in the works.

Published 02 Nov, 2020 01:01pm

Business & Finance

Lucid says its new electric sedan is first EV with 500-mile range

The Lucid Air has an estimated range of 517 miles (832 km), as verified in independent testing, Lucid said.
Lucid Chief Executive Peter Rawlinson told Reuters the Air initially will be priced "well north of" $100,000

Published 11 Aug, 2020 11:39pm

Business & Finance

Moving towards renewable; Pakistan launches Electric Charging Station

Omar Ayub said that by 2023 Pakistan will generate 75-80pc of its electricity from its local sources including nuclear, hydro, and coal power, which will reduce the electricity tariffs for the end customers.
The opening of a charging station in Islamabad will help encourage electric vehicles as future transportation in the country, says Babar.

Published 29 Jul, 2020 01:14pm

Business & Finance

Tesla rival Rivian adds $2.5bn investment led by T. Rowe Price

The deal comes on the heels of electric car maker Tesla's meteoric rise in valuation and the recent public offering of Nikola Corp. Both Tesla and Nikola are planning electric pickups to rival Rivian.
The new round takes total investment in Rivian to at least $6 billion, including a $1.3 billion round in December led by T. Rowe Price.

Published 10 Jul, 2020 07:09pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 15	278.43
USD PKR Interbank Buying / May 15	278.23
USD to Japanese Yen / May 15	156.28
USD to Swiss Franc / May 15	0.91
Pound Sterling to USD / May 15	1.26
Euro to USD / May 15	1.08

Stock	Volume
S&P 500 / May 14	5246.68
Nasdaq / May 14	16511.18
Hang Seng / May 14	19073.71
FTSE 100 / May 14	8428.13
Dow Jones / May 14	39558.11
Germany DAX 30 / May 14	18716.42
France CAC40 / May 14	8225.80
India Sensex / May 15	73025.23

Item	Value
Karachi Cotton PKR/37.32 KG / May 14	19935
Gold 10 Grams PKR / May 14	207733
Petrol/Litre / May 15	288.49
Crude Oil USD/Barrel / May 15	78.55
Gold Spot USD/Ounce / May 15	2361.55
Diesel/Litre / May 15	281.96

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / May 15 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / May 15 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / May 15 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / May 15 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 15 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / May 15 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / May 15 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / May 15 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / May 15 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / May 15 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / May 15 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / May 15 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / May 15 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / May 15 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / May 15 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / May 15 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / May 15 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / May 15 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / May 15 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / May 15 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / May 15 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / May 15 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / May 15 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / May 15 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / May 15 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / May 15 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / May 15 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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