Uber, Stellantis, Arma, EV delivery, and batteries.
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December 4, 2023
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Uber Technologies, Jabil, and Builders FirstSource Join S&P 500
Uber's stock jumped 5.5% after the announcement of joining the S&P 500 Index.
They replace Sealed Air, Alaska Air Group, and SolarEdge Technologies.
This inclusion sparked a rally in the stocks of the new entrants.
It's hard to imagine a world where Uber has a bigger slice of the gig-based-ride-share market, but now traders in fancier suits are watching, so who knows what will happen.
Stellantis to Manufacture Electric Fiat Panda in Serbia
The announcement by Serbian President Aleksandar Vucic.
Expected to boost Italian-Serbian trade beyond 4.6 billion euros annually.
This follows a 190 million euro deal signed in 2022.
This marks a significant development in Serbia's automotive industry.
Someday, Serbia may be called "The Detroit of the Balkans," and we can all say we were there when it started.
Arma Electric Scooter: A New Competitor
Dubbed the first 'lunchbox scooter'.
Weighs only 10 lbs and can fold to the size of an A4 paper.
Offers a 9.3-mile range and a top speed of 14.9 mph.
Competes with Honda's Motocompacto.
It's still a prototype but pre-sold at a similar price via crowdfunding.
"Do you know why I pulled you over?" "I promise I'm not insane. My real scooter is in my fridge."
World's Tiniest Electric Delivery Van
A one-seater combining a cargo box and a utility scooter.
Equipped with a 3,000W electric motor, reaching over 28 mph.
Despite its small size, it offers impressive functionality.
Finally, a part-time delivery gig for the criminally-under-represented 4-7-year-old crowd.
Sodium-Ion Batteries in the Automotive Industry
Competing with lithium-ion, but faces uncertain prospects in the U.S.
More suitable for lower energy requirement applications.
Challenges: Decreasing cost of lithium-ion batteries and U.S./European consumer preferences.
Honestly, salt has been an all-star since humans started using it. If it suddenly became the best battery option too, we wouldn't even be surprised.
