Core Insights - St-Georges Eco-Mining Corp. has announced a joint venture between its subsidiary EVSX Corp. and Voltrinov to evaluate and process end-of-life electric vehicle and micromobility batteries for repurposing and recycling [1][2] Company Overview - EVSX operates a state-of-the-art battery processing line with a capacity of 10,000 metric tons per year, focusing on the recovery of critical battery metals and materials without generating landfill waste [8] - Voltrinov, founded in 2021, specializes in sustainable electric mobility solutions and operates a facility for the repair, refurbishment, and recycling of lithium-ion batteries [10][11] Joint Venture Details - The joint venture will leverage Voltrinov's technical expertise to assess and dismantle end-of-life batteries at its facility in Québec, while EVSX will process these batteries in Ontario to produce black mass for component recovery [2][3] - The black mass will be refined at Voltrinov's facility to produce battery-grade minerals, supporting a circular economy model in battery manufacturing [3] Economic Impact - The joint venture is expected to create new full-time positions in Québec and enhance the region's battery processing capacity, addressing recent capacity constraints in the area [4][7] - The collaboration aims to manage increasing volumes of end-of-life batteries locally, thereby supporting Québec's circular economy objectives [6][7] Market Context - The battery recycling market in Québec and Eastern Canada has seen a reduction in processing capacity, creating an opportunity for specialized operators like EVSX and Voltrinov to fill this gap [5][7]

Lamborghini will cancel its plan to release an electric vehicle in 2028 due to what the company is calling a lack of consumer demand. Lamborghini CEO Stephan Winkelmann spoke with The Sunday Times in an interview and said the EV will no longer join its lineup after the company's analysis found little demand for the EV, which was named the Lanzador in 2023. The company is owned by Volkswagen through its subsidiary, Audi.Winkelmann told The Sunday Times the "acceptance curve" for EVs in Lamborghini's target m ...

Stocks to watch as Trump's new tariffs spell more uncertainty | ReutersSkip to main content[Exclusive news, data and analytics for financial market professionalsLearn more aboutRefinitiv]A trader works on the floor, as a screen displays U.S. President Donald Trump during a press briefing at the White House following the Supreme Court's ruling on tariffs, at the New York Stock... [Purchase Licensing Rights, opens new tab] Read more- Companies[Alcoa Corp]Follow[Alibaba Group Holding Ltd]Follow[Best Buy Co Inc ...

Core Viewpoint - Tesla is not retreating from the electric vehicle (EV) market but is instead leading it, maintaining its long-held aspirations despite challenges faced by other automakers [1][5]. Investment and Strategy - Tesla has committed to a significant $20 billion capital spending program, which includes investments in a lithium refinery in Texas, a lithium iron phosphate (LFP) battery factory in Nevada, and the Gigafactory in Texas for Cybercab production [4]. - These investments are aimed at supporting Tesla's vision for the future of the EV market, which aligns with the ambitions that many legacy automakers once promised [5]. Industry Context - Legacy automakers have struggled with their robotaxi developments, with companies like Ford and General Motors backing off from their initial plans, indicating a shift in their strategies due to weak sales performance [6][9]. - The failures of legacy automakers in the EV market are highlighted by significant financial writedowns, such as $19.5 billion at Ford and $27 billion at Stellantis, while Tesla holds a 46% share of the U.S. EV market compared to GM's 13% [9]. Tesla's Focus - Tesla's strategy differs from that of legacy automakers, as it aims to build out its robotaxi business, including the Cybercab, while also introducing lower-cost variants of its Model Y and Model 3 [12]. - The company's consistent focus on the EV market and its robotaxi ambitions reflects a belief in the potential of the sector, contrasting with the reset strategies of its competitors [13].

Core Viewpoint - Tesla's decision to discontinue the Model S and Model X is part of a strategic evolution towards a focus on autonomy rather than a retreat from the electric vehicle market [1][2]. Group 1: Production Decisions - The Model S and Model X are higher-cost models that do not significantly contribute to Tesla's sales, with only 4,000 units delivered in the last quarter, representing just 1.2% of total deliveries [4]. - The market is shifting towards lower-cost models, as evidenced by the decline in Model S/X sales and the production of more affordable versions of the Model 3 and Model Y [5]. - Tesla is reallocating production space at its Fremont factory, previously used for the S and X, to manufacture its Optimus robot as part of a $20 billion capital spending commitment by 2026 [6]. Group 2: Market Trends and Future Direction - The automotive industry is moving towards an autonomous future, with Tesla making gradual progress towards achieving autonomous robotaxis, unlike competitors who have struggled in this area [8]. - The cost dynamics of electric vehicles favor heavy usage, particularly in taxi applications, which will be enhanced by the introduction of dedicated robotaxi vehicles like the Cybercab [9]. - Discontinuing the Model S and Model X aligns with current market conditions and the overall direction of the EV market, marking a natural evolution in Tesla's business strategy [12].

ROMAINE: DID THE TERROR OF FOG LIVED OR DID THE SITUATION GET MORE MURKY. WE HAVE SPECIAL COVERAGE TODAY OF A LANDMARK U.S. SUPREME COURT RULING THAT TEAM TO LIBERATION DAY TARIFFS DID EXCEED HIS AUTHORITY UNDER THE LAW. KATIE: WE ARE KICKING OFF TO THE CLOSING BELL THIS FRIDAY.LET'S LOOK AT THE MARKET REACTION. THE DIRECTION OF TRAVEL IS CLEAR, AFTER VOLATILITY IN THE WAKE OF THE 10:00 A. M.RULING, YOU CAN SEE THE S&P 500 HIGHER BY HALF A PERCENT. WE ARE BEING LED BY BIG TECH, THE NASDAQ HIGHER. LOOK AT TH ...

Construction underway at Thacker Pass. Credit: Lithium Americas.Lithium Americas (TSX, NYSE: LAC) says it is targeting a capital spend of between $1.3 billion and $1.6 billion for Phase 1 of its Thacker Pass project in Nevada this year. A majority of that capex will be used on project construction, with an estimated cost of $1.2-$1.5 billion.Construction of Phase 1 is progressing, with detailed engineering design at 93% completion and procurement at 60% by the end of 2025, the Vancouver-based lithium develo ...

Core Viewpoint - Ford is engaging in discussions with the Trump administration regarding a potential framework for Chinese automakers to enter the U.S. market while ensuring protection for domestic companies [6][7]. Group 1: Discussions and Framework - Ford's CEO Jim Farley discussed the possibility of Chinese carmakers partnering with U.S. companies through joint ventures, where American firms would hold a controlling stake [5][6]. - The discussions were informal and preliminary, with no decisions made yet [4][7]. - The idea of joint ventures was seen as a way to protect American interests amid increasing competition from Chinese automakers [7] Group 2: Market Dynamics and Competition - Chinese automakers are gaining market share in regions like Europe, Mexico, and South America, leveraging lower-cost models and advanced technology [10]. - The entry of Chinese competitors into the U.S. market could have significant implications for domestic automakers and their supply chains [9]. - General Motors has expressed opposition to allowing Chinese automakers into the U.S. market, citing concerns over market share and supply chain impacts [12][13]. Group 3: Strategic Partnerships - Ford has been exploring partnerships with Chinese companies, including discussions with BYD for battery supply and a potential manufacturing partnership with Geely in Europe [14]. - Ford is also expanding its licensing agreement with CATL to include manufacturing stationary power sources [14]. - Farley has emphasized the need for Ford to learn from Chinese companies while developing competitive low-cost electric vehicles [13].

Core Viewpoint - Lithium Americas Corp. (NYSE:LAC) is highlighted as a promising investment opportunity in the materials sector, particularly following its recent agreements with the U.S. Department of Energy and General Motors [1]. Group 1: Agreements and Financial Instruments - On January 30, Lithium Americas Corp. issued the DOE a warrant to purchase up to 18,268,687 common shares, which accounts for 5% of the company's outstanding shares [2]. - The joint venture with General Motors also issued a warrant for Non-Voting Units representing a 5% economic interest in the joint venture, both of which are exercisable for ten years and include anti-dilution adjustments [2]. - A registration rights agreement requires Lithium Americas to register the common shares that can be issued upon the exercise of these warrants [3]. Group 2: Company Overview - Lithium Americas Corp. is focused on the development, construction, and operation of lithium deposits and chemical processing facilities in the United States and Canada [4].

Market Overview - China is the largest auto market globally, accounting for 30% of all new vehicle sales in 2025, while the United States holds an 18.4% share, and Japan and India are tied at 5.1% each [1] Domestic Manufacturers - The Chinese auto market, once dominated by foreign manufacturers like Volkswagen, Toyota, and General Motors, has seen the rise of domestic manufacturers over the past 30 years, with BYD emerging as a leader [2] Electric Vehicle Market - The International Energy Association (IEA) projects that electric vehicles (EVs) will constitute 60% of all vehicle sales in China by 2025 and grow to 80% by the end of the decade [3] Government Subsidies - China previously offered aggressive subsidies and tax breaks to promote EV purchases, but as the market matures, the government is cutting these subsidies, leading to a projected decline in domestic passenger vehicle sales in 2026 [4] Raw Material Costs - The price of lithium, a crucial material for battery production, has more than doubled from approximately $11 per kilogram to $23 per kilogram over the past year, with a 35% increase year-to-date in 2026 [5] BYD's Financial Performance - BYD's revenue for Q3 2025 decreased by 3.05% compared to Q3 2024, with diluted earnings per share (EPS) falling by 36%. Additionally, net operating cash flow for the first nine months of 2025 dropped by 27.42%, and EPS for the same period was down 11.42% compared to 2024 [6]