TOP 5 STOCKS TO WATCHOUT:-
1.TOYOTA : Toyota Motor Corp, a late-comer to the battery electric vehicle (BEV) market, is weaving in all efforts to make sure its first mass-market model is safer and lasts longer than rivals’ products when it goes on sale later this year.
BEVs have grown in popularity globally, but some consumers have been put off by EV battery-related fire risks and rapid degradation.
General Motors and Hyundai Motor were forced last year to recall EVs, carrying batteries manufactured by LG Energy Solution, after reports of fires.
“We focused on balancing three factors: cruising range, battery degradation and charging speed,” Masaya Yamamoto, a project manager at Toyota, said at a test-drive event for the bZ4X sport utility vehicle (SUV) prototype last week.
BEVs typically take hours to charge, and using quick-charging methods often cause the battery’s cells to heat up, leading to degradation. That, in turn, reduces cruising range over time, hurting a vehicle’s resale value.
2.PANASONIC: Panasonic Corp said on Monday it will begin mass production of a new lithium-ion battery for Tesla Inc before the end of March at a plant in Japan.
Unveiled by the Japanese company in October, the 4680 format (46 millimeters wide and 80 millimeters tall) battery is around five times bigger than those currently supplied to Tesla, meaning the U.S. electric vehicle (EV) maker will be able to lower production costs.
The new powerpack is also expected to improve vehicle range, which could help Tesla lure more drivers to EVs.
Panasonic will build two new production lines at its Wakayama factory in western Japan to build the batteries, the company said in a news release.
The company did not say how much it will spend on the expansion.
3.META:- Meta Platforms Inc has restricted some accounts in Ukraine, including some accounts belonging to Russian state media organizations, at the request of the Ukrainian government, the company’s head of global affairs Nick Clegg said in a tweet on Sunday.
“The Ukrainians have also suggested that we remove access to Facebook and Instagram in Russia. However, people in Russia are using FB and IG to protest and organize against the war and as a source of independent information,” Clegg said in another tweet.
He said the Russian government was already throttling Meta’s platform to prevent these activities and that turning off its services would “silence important expression at a crucial time.”
4.HUAWEI:-China’s Huawei launched seven new “Smart Office” products, including a top-end laptop and its first printer and e-ink tablet, on Sunday, underlining its commitment to consumers after U.S. trade restrictions severely hit its mobile business.
Consumer Business Group CEO Richard Yu, speaking in a video presentation ahead of the Mobile World Congress, said the products were a “bold statement” of its Smart Office concept.
President of Huawei’s Western Europe Consumer Business Group William Tian said they would appeal to people who were increasingly working from home.
“These are not standalone devices,” he said in an interview. “We can connect and collaborate much easier with our Super Device concept.”
Super Device is a technology that allows Huawei’s products to connect and share capabilities and resources.
Tian said Huawei remained committed to the smartphone market despite the U.S trade ban, introduced in 2019 and taking full effect a year later, which stopped it using Google’s services on the Android operating system and constrained its chip technology.
“We are going to continue to invest in new technologies to keep our leading position in the smartphone category,” Tian said.
5.APPLE :-Norway’s $1.3 trillion sovereign wealth fund, the world’s largest, will vote against ratification of tech giant Apple Inc’s management remuneration plan after an advisory firm urged investors to act, the fund’s manager said on Sunday.
The Norwegian fund owns 1.03% of Apple’s shares, making it the company’s eighth largest shareholder, according to Refinitiv data.
The maker of iPhones, computers and other devices is due to hold its annual meeting of shareholders on March 4.
Chief Executive Tim Cook’s pay in 2021 was 1,447 times that of the average Apple employee, a company filing on Jan. 7 showed, fuelled by stock awards that helped him earn a total of $98.7 million.
Proxy advisory firm Institutional Shareholder Services (ISS) last week urged investors to vote against Cook’s remuneration, citing concerns around the magnitude and structure of his equity award, which amounted to some $82.3 million.
Norges Bank Investment Management (NBIM), which operates the Norwegian wealth fund, said in a statement it would follow the advice.
“A substantial proportion of annual remuneration should be provided as shares that are locked in for five to ten years, regardless of resignation or retirement,” NBIM said.
“The board should provide transparency on total remuneration to avoid unacceptable outcomes. The board should ensure that all benefits have a clear business rationale.”