Core Insights - The article emphasizes the importance of not waiting for market pullbacks to invest, as this strategy can lead to missed opportunities for gains [2] - Dollar-cost averaging is presented as a more effective investment strategy, allowing investors to gradually invest over time and benefit from compound growth [3] Vanguard ETFs Overview - The Vanguard S&P 500 ETF (VOO) provides exposure to 500 major U.S. companies, delivering an average annualized return of 13.6% over the past decade, with a low expense ratio of 0.03% [6][7][8] - The Vanguard Growth ETF (VUG) focuses on fast-growing companies, averaging annualized returns of nearly 16.3% over the past decade, with an expense ratio of 0.04% [9][10][11] - The Vanguard Information Technology ETF (VGT) offers concentrated exposure to the tech sector, achieving an average annual gain of 21.6% over the past decade, with an expense ratio of 0.09% [12][13][14] - The Vanguard Mega Cap Value ETF (MGV) targets large value-oriented companies, delivering a 14.3% annualized return over the past five years and a 10.8% return over the past decade, with an expense ratio of 0.07% [15][16][17] - The Vanguard International High Dividend Yield ETF (VYMI) provides international exposure and has gained nearly 26.8% year to date, with annualized returns of 13.8% over the past five years, and an expense ratio of 0.17% [18][19][20]

目前固态电池的成本高于传统锂离子电池，在假设产线良率为80%的情况下，目前半固态电芯的单位总 成本为0.85元/Wh;中期，半固态电芯的单位总成本约降至0.50元/Wh;远期来看，全固态电池有望搭载锂 金属负极、电解液也将全部被替换为固态电解质，全固态电芯单位总成本或将达到0.78元/Wh。复合集 流体可广泛应用于航空航天、汽车、电子、医疗等领域，对动力电池的影响主要表现在高能量密度、快 充兼容性和安全性提升。目前可用作锂离子电池集流体的材料有铜、铝、镍和不锈钢等金属导体材料、 碳等半导体材料以及复合材料，不锈钢或铁基材料为此提供了截然不同的解决方案。铁的表面能形成一 层厚且稳定的天然氧化层，这层钝化膜能有效"抑制硫化物的形成反应"，从而避免了腐蚀。案例方面， 2024年底，日本东洋钢板公司专为全固态电池开发的电解铁箔及铁镍合金箔产品，已通过日本经济产业 省(METI)的电池供应保障计划认证。 从全球固态电池产业布局来看，中国参与的企业较多，包括传统电池企业、初创电池企业、整车企业 等。当前QuantumScape、SolidPower和Toyota等企业在固态电池技术研发方面处于相对领先地位，重点 突破固态 ...

Investment Rating - The report indicates a positive outlook for the solid-state battery industry, suggesting it as a key upgrade direction for lithium-ion batteries [1]. Core Insights - Solid-state batteries are expected to address the limitations of liquid lithium-ion batteries, such as energy density ceilings, safety risks from lithium dendrites, and performance issues at low temperatures [5][11]. - The global solid-state battery shipment is projected to reach 614.1 GWh by 2030, with a market size potentially reaching 17.2 billion yuan [19][21]. - The penetration rate of solid-state batteries is expected to increase from approximately 0.1% in 2023 to 10% by 2030 [22][24]. Summary by Sections 1. Solid-State Battery as an Upgrade Direction - The solid-state electrolyte enhances battery safety, with technology routes categorized into sulfide, oxide, and polymer types [5][16]. - The development of solid-state batteries is crucial for overcoming existing technological bottlenecks and meeting future diverse application needs [5][11]. 2. Industry Progress and Adoption - Major automotive manufacturers are accelerating the adoption of solid-state batteries, with a focus on sulfide technology [29][33]. - Companies like BYD and CATL have confirmed their commitment to the sulfide solid-state battery route, with production plans in place [33][36]. 3. Cost Reduction Trends - The current cost of solid-state batteries is higher than traditional lithium-ion batteries, with projections indicating that the unit cost could reach 0.78 yuan/Wh in the long term [38][42]. - The cost of solid-state batteries is expected to decrease as production yields improve, with mid-term costs estimated at around 0.50 yuan/Wh [42][43]. 4. Key Companies in the Solid-State Battery Industry - Notable companies involved in the solid-state battery sector include Nakanor, Yuanhang Precision, Better Ray, Lingge Technology, and Wuhan Blue Electric, each making significant advancements in technology and production capabilities [4][4][4]. - Nakanor has delivered key solid-state battery equipment to major clients, marking a technological breakthrough in the industry [4][4]. - Better Ray has launched high-nickel positive electrodes and solid-state electrolytes, contributing to next-generation battery solutions [4][4]. 5. Market Demand and Government Support - The Chinese government has elevated solid-state battery research to a national strategic level, with significant funding and policy support aimed at accelerating development [19][20]. - The solid-state battery market is anticipated to grow significantly, driven by advancements in technology and increasing demand for electric vehicles [19][21].

In February, I covered Toyota Motor Corporation (NYSE: TM ) in "Toyota: Potential Trade-War Winner As Japan Sits On Sidelines." My outlook was neutral, seeing a mixture of emerging economic risks that may lower demand, offset by an improvedHarrison is a financial analyst who has been writing on Seeking Alpha since 2018 and has closely followed the market for over a decade. He has professional experience in the private equity, real estate, and economic research industry. Harrison also has an academic backgro ...

Industry Buzz - The market speculates on the potential bullish impact of Toyota's involvement with Avalanche (AVAX) [1] - The market notes the lack of widespread discussion about this collaboration, suggesting a potentially significant opportunity [1] Potential Use Cases - Toyota is considering tokenizing all cars using blockchain technology [1] - Toyota might be launching a new blockchain called MON [1] Technical Discussion - The report raises a question about whether AVAX will face the same Layer 1 to Layer 2 challenges as Ethereum [1]

Blockchain Technology Application - Toyota Blockchain Lab 正在探索链上系统如何重塑汽车融资、所有权和移动服务 [1] - 丰田的 MON 框架将移动数据上链，将车辆转变为可用于融资的资产 [1] - 该原型表明 Avalanche 的互连区块链网络非常适合其多链框架 [1] Technology Stack - Toyota's MON framework is built on Avalanche [1]

Market Expectations & Rate Cuts - Market anticipates potential rate cuts, influencing stock market trends [1] - Rate cut hopes drive market leadership, especially in economically cyclical sectors [2] - Two-year yield at 375%, suggesting a modest easing cycle is probable [8] - Market implies the Fed may implement a 25 basis points cut in September [9] Sector Rotation & Performance - Homebuilders, biotech, and small caps show signs of revival, indicating a rotation from mega-cap stocks [2] - Homebuilders began to show trend changes 3-4 months prior to the report [3] - Global autos, including Toyota and GM, demonstrate resilience despite challenging macro conditions [4] - Small cap industrials and healthcare sectors are performing strongly [7] Economic Outlook & Curve Steepening - A steeper yield curve suggests a positive economic outlook [7] - The economy is considered to be in decent hands [7] - Homebuilding stocks, previously in a bear market with declines of 40-50%, may be recovering [10]

Core Insights - Broad Arrow Auctions achieved a total sales figure of $57.4 million during its 2025 Monterey Jet Center auction, with 80% of all lots sold, marking a significant increase in bidder registration by over 20% compared to 2024 [1][3][4] Auction Highlights - The auction set at least eight new record prices, led by the sale of a 2005 Maserati MC12 Stradale for $5,202,500, surpassing the previous record of $3,800,000 for the model [2][4][7] - Other notable sales included a 2008 Koenigsegg CCXR at $3,222,500, a 1980 BMW M1 Procar at $1,600,000, and a 2009 Mercedes-Benz SLR McLaren Prototype "Stealth" at $1,022,500, all setting new records for their respective models [7][9] Market Trends - The auction results reflect a strong demand for modern collectibles, indicating a generational shift in the collector car market, with a notable interest in Japanese collector cars, including a 1999 Nissan Skyline CRS GT-R V-Spec sold for $692,500 [3][4][9] - The top 10 sales at the auction included iconic models such as a 1967 Ferrari 275 GTB/4 at $2,562,500 and a 1955 Mercedes-Benz 300 SL Gullwing Coupe at $1,902,500, demonstrating robust interest in both modern and classic vehicles [9][10] Future Events - Broad Arrow Auctions plans to expand its auction schedule with three new events in 2025, including the inaugural Zoute Concours Auction in Belgium and the debut Las Vegas Auction, indicating a strategic growth in its global footprint [15][18]

Company Overview - Southeast Toyota Finance (SET Finance) is a captive financial services company that has been providing financing to Toyota dealers and consumers since 1981 [3] - The company is part of World Omni Financial Corp and is headquartered in Deerfield Beach, Florida [5] - SET Finance serves 177 Toyota dealers across Alabama, Florida, Georgia, North Carolina, and South Carolina, offering a wide range of financing and leasing options [4] Industry Recognition - SET Finance has been ranked No. 1 in dealer satisfaction among Captive Mass Market-Prime Automotive Finance Lenders for three consecutive years by J.D. Power [1][2] - The 2025 U.S. Dealer Financing Satisfaction Study included responses from 5,035 auto dealer financial professionals and measured satisfaction across five lender segments [2] - SET Finance achieved an Overall Dealer Satisfaction score of 874, which is 120 points above the segment average [2] Strategic Initiatives - The company is focused on modernizing operations and enhancing dealer and customer experiences through its strategic initiative called SPARK [3] - SET Finance is committed to investing in its people and technology to align its programs and support with dealer goals [2] Financial Performance - JM Family Enterprises, Inc., the parent company of SET Finance, reported revenues of $22.8 billion and employs over 5,000 associates [5]

Toyota is using a mix of cost-cutting, marketing and measures to earn more from add-on services to reduce the pain of America’s tariffs. But these efforts will only get it so far https://t.co/jNOavqspiy ...