|Bid||131.91 x 1000|
|Ask||136.32 x 1800|
|Day's Range||133.60 - 134.47|
|52 Week Range||108.01 - 145.41|
|Beta (5Y Monthly)||0.80|
|PE Ratio (TTM)||8.21|
|Forward Dividend & Yield||4.05 (2.99%)|
|Ex-Dividend Date||Mar 30, 2020|
|1y Target Est||156.03|
China's Contemporary Amperex Technology Co Ltd (CATL), a Tesla supplier, is developing a new type of electric vehicle (EV) battery that contains no nickel or cobalt, a company executive said on Saturday. Nickel and cobalt are key ingredients in the batteries that power EVs. Battery makers from Japan's Panasonic Corp to South Korea's LG Chem are lowering the use of expensive cobalt in their nickel-cobalt-aluminium (NCA) batteries or nickel-cobalt-manganese (NCM) batteries.
Toyota (TM) and Mazda's (MZDAY) additional investment will help incorporate new cutting-edge manufacturing technologies into the production lines and provide enhanced training to the workforce.
Toyota Motor Corp and Mazda Motor Corp said on Thursday they will invest $2.3 billion in a new joint venture factory in Alabama, $830 million more than announced in their original plan in 2018. Production is expected to start next year building up to 150,000 future Mazda crossover vehicles and 150,000 Toyota sport utility vehicles annually. The Japanese automakers are expected to receive $97 million in additional tax incentives for the added investment, a person briefed on the matter said.