IONNA moves to full-scale national release, adding over 1,000 charging bays

Investing.com

Summary:

Investing.com -- IONNA, a joint venture by leading automakers including BMW (ETR:BMWG), General Motors (NYSE:GM), Honda (NYSE:HMC), Hyundai (OTC:HYMTF), Kia, Mercedes-Benz...

Investing.com -- IONNA, a joint venture by leading automakers including BMW (ETR:BMWG), General Motors (NYSE:GM), Honda (NYSE:HMC), Hyundai (OTC:HYMTF), Kia, Mercedes-Benz (OTC:MBGAF), Stellantis (NYSE:STLA), and Toyota (NYSE:TM), has transitioned from public beta to full-scale national release, marking a significant milestone in the American automotive industry. The announcement was made on February 5, 2025, at the first IONNA Rechargery in Apex, North Carolina, and at the new headquarters and customer experience lab in Durham, North Carolina.

IONNA has completed an extensive testing phase in late 2024, using automaker vehicle fleets and everyday drivers to stress-test the network. Over 4,400 charging sessions were completed on more than 80 unique vehicle models, dispensing nearly 63,000 kilowatt-hours of energy. With this experience, IONNA has refined its hardware, software, and customer experience, preparing for a nationwide expansion.

As part of the national release, IONNA has over 100 contracted sites across the country, including new Rechargeries in Houston, Texas, and Abilene, Kansas. Six more locations are under construction, including one in Willcox, Arizona. The newly opened headquarters and customer experience lab in Durham will serve as a hub for ongoing testing and innovation, emphasizing a driver-first experience.

IONNA plans to bring more than 1,000 additional charging bays online by the end of 2025. This expansion is not only about infrastructure but also represents a substantial investment in American jobs and manufacturing. Each of the 30,000 charging bays to be built over the next five years will create new jobs and promote technological innovation.

Starting this quarter, IONNA will introduce computer-vision powered by AI and sensor fusion technology at the Garner, North Carolina location. In collaboration with Amazon (NASDAQ:AMZN), IONNA will leverage Amazon's Just Walk Out technology to enable automated grab & go offerings, allowing drivers to pick up refreshments and essentials 24/7 without checkout lines.

IONNA also plans to set a new standard for interoperability and ease of use in 2025. Its Plug & Charge technology will grow to include a leading number of automakers as the year progresses. Through vehicle integration, IONNA will enable features like AI-driven smart reservations/routing optimization, in-car payments, and other features, aiming to create the most integration-rich charging network in America.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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Former Nlrb Member Sues Trump For Firing Her

Reuters

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Third Point hedge fund acquires stake in Siemens Energy

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Entergy

+1.03%

Investing.com -- Dan Loeb's Third Point hedge fund has revealed the acquisition of a stake in Siemens (ETR:SIEGn) Energy in the third quarter of 2024. The company, a maker of gas turbines, electrical grid equipment, and wind turbines, was spun off from Siemens AG (OTC:SIEGY) in 2020.

Between 2022 and 2024, Siemens Energy's wind business suffered operating losses of approximately €7 billion due to component failures and poorly negotiated commercial contracts. This situation is believed to have led to a considerable decrease in the company's stock price, despite positive fundamentals in its other business sectors. Third Point's research suggests that the issues with the wind business have been adequately accounted for, and risk management has markedly improved.

Third Point cites the resurgence of the gas turbine business and the secular growth in grid products as the primary attractions of the investment. The growth in renewable energy generation, electric vehicle charging, and data centers have significant implications for Siemens' products.

Renewables, which typically operate at 20-30% capacity and require large land areas, are often situated far from major demand centers. This necessitates connecting 3-4 times the amount of generation over longer distances compared to traditional dispatchable generation like coal, nuclear, or gas.

Furthermore, the electrification of transport, along with demand from data centers, is driving growth in overall peak power demand. Regardless of the increase in renewable generation, the growth in peak power demand requires an increase in dispatchable generation for periods when renewables are not available.

These two trends have resulted in a marked increase in demand for grid equipment and gas turbines, two of Siemens' core businesses. Supply shortages and extended lead times have led to a favorable pricing environment after a decade of slow growth.

Siemens Energy has amassed a €123 billion backlog, equivalent to 3.6 times its annual revenue, providing a clear view into outsized organic revenue and earnings growth. Third Point projects that Siemens Energy's earnings power will surpass €5 per share by the end of the decade.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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Chinese Retailer Stocks Fall After USPS Pauses, Then Resumes Shipping

Dow Jones Newswires

By Katherine Hamilton

Shares of Chinese online retail companies pared back losses after the U.S. Postal Service said it would resume accepting packages from China and Hong Kong--a reversal from its announcement the previous night that it would stop accepting such packages--though the stocks remained down amid continued uncertainty about the effect of tariffs.

Chinese online marketplace Alibaba saw its New York-traded American depositary receipts fall as low as $99.69, a 2.6% drop from market close on Tuesday, but they recovered some of their loss Wednesday morning. New York-traded ADRs of PDD, which owns budget e-retailer Temu, dipped as much as 4.6% to $108.83 after market close, and were still recently down 3%.

The stocks have had a week of ups and downs as the Trump administration's 10% tariffs on Chinese imports threaten to upend their distribution of low-cost products to U.S. customers. The USPS said Wednesday morning it is working with Customs and Border Protection to establish an efficient way to collect the new tariffs while limiting distribution to package delivery.

Some U.S.-based companies that rely on cheap shipping from China also reacted. Amazon's stock fell as much as 2.7% from Tuesday's closing price.

As part of the tariffs, Trump also closed a trade loophole that has helped many Chinese retailers keep prices low for U.S. customers. The loophole, called de minimis, allows exports under $800 to enter the U.S. without duties, and has been crucial savings for e-commerce companies selling cheap clothing, electronics and furniture from China.

Nearly 1.4 billion shipments in 2024 claimed the de minimis exemption, a more-than-sixfold increase from a decade ago, Customs and Border Protection said in January. The cost savings of de minimis has helped companies like Temu offer prices 20% to 40% lower than U.S. competitors and make an estimated $20 billion in 2024, KeyBanc analyst Brad Thomas told The Wall Street Journal.

Write to Katherine Hamilton at katherine.hamilton@wsj.com

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Bernstein on auto stocks: 25% tariffs could decrease auto FCF by up to 60%

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First Commonwealth Financial

+0.71%

General Motors

-1.56%

Investing.com -- In a note to clients Wednesday, Bernstein warned that new tariffs on Mexico and Canada could significantly impact the free cash flow (FCF) of major U.S. automakers, with General Motors (NYSE:GM) facing the most severe hit.

"25% tariffs could decrease auto FCF by up to 60%," said the firm.

They estimate that a 25% tariff could reduce GM’s FY 2026 auto FCF by 64% ($6.7 billion), Ford’s by 39% ($2.9 billion), and Stellantis’ by 38% (€3.5 billion) in a worst-case scenario.

On February 1st, President Trump announced 25% tariffs on Mexico and Canada, along with 10% additional tariffs on China, sending auto stocks down as much as 8% on Monday.

However, after the administration delayed the tariffs until March 4th, stocks quickly rebounded on Tuesday.

“While the sector is not closer to gaining any certainty, the price action allows us to ask: Did the market get it right?” Bernstein wrote.

Despite the recovery, Bernstein believes the market reaction provides key insights into investor sentiment.

“Market sees tariffs as transitory. The magnitude points towards an expectation that tariffs would last for less than 3 months,” the analysts noted.

Additionally, Ford (NYSE:F) was viewed as a relative winner, though Bernstein cautions that “we would still expect significant headwinds for Ford in a tariff scenario.”

Meanwhile, Stellantis (NYSE:STLA) was seen as the biggest loser, but Bernstein argues GM is actually the most at risk due to its financial exposure.

More broadly, Bernstein sees continued policy uncertainty as a major challenge for the sector.

“While this makes it difficult to make equity investment decisions, it will make it near impossible for automotive companies to make actual investment decisions,” the analysts warned.

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Google, Nvidia among Wednesday's market cap stock movers

Investing.com

Wednesday's market has seen significant movements in various stocks, with mega-cap companies like Google Inc (NASDAQ:GOOGL) and Nvidia Corp (NASDAQ:NVDA) experiencing notable changes. Meanwhile, in the large-cap category, Johnson Controls (NYSE:JCI) and Electronic Arts Inc (NASDAQ:EA) have made headlines with their respective gains and losses. Below is a detailed examination of some of the most significant stock movers, from the largest companies to smaller firms.

Mega-Cap Movers (Market Cap $200B+):

Google Inc (GOOGL): -8.75%
Avago Technologies (NASDAQ:AVGO): +3.69%
Nvidia Corp (NVDA); NVIDIA Responds to TRC Capital's 'Mini-Tender' Offer: +2.92%
United Health Group (NYSE:UNH): -2.54%
Disney (DIS); The Walt Disney Company (NYSE:DIS) Reports First Quarter Earnings for Fiscal 2025: -0.65%
Palantir Technologies Inc (NASDAQ:PLTR): -2.04%
Amazon Com Inc (NASDAQ:AMZN): -1.97%
Tesla Motors (NASDAQ:TSLA): -2.88%

Large-Cap Stock Movers (Market Cap $10B-$200B):

Johnson Controls (JCI); Johnson Controls Reports Strong Q1 Results; Raises FY25 Guidance: +11.82%
Electronic Arts Inc (EA); Electronic Arts Reports Q3 FY25 Results: +5.75%
Techne Corp (NASDAQ:TECH); Bio-Techne Releases Second Quarter Fiscal 2025 Results: +5.95%
Fair Isaac and Comp Inc (NYSE:FICO); FICO Announces Earnings of $6.14 per Share for First Quarter Fiscal 2025: -3.61%
Ares Management LP (NYSE:ARES); Ares Management Announces Fourth Quarter and Full Year 2024 U.S. Direct Lending Origination Activity: -3.02%
Uber Technologies Inc (NYSE:UBER); Uber Announces Results for Fourth Quarter and Full Year 2024: -7.91%
Adv Micro Device (NASDAQ:AMD); AMD Reports Fourth Quarter and Full Year 2024 Financial Results: -10.41%
Ceridian HCM Holding Inc (NYSE:DAY); Dayforce Q4 shares dip as guidance falls short: -8.57%
IDEX (NYSE:IEX); IDEX shares slip as Q1 earnings guidance disappoints following mixed Q4 results: -7.4%
Old Dominion Freight Line Inc (NASDAQ:ODFL); Old Dominion Freight Line reports Q4 earnings beat, revenue in line: +7.02%

Mid-Cap Stock Movers (Market Cap $2B-$10B):

FMC Corp (NYSE:FMC); FMC shares tumble on revenue miss and weak guidance: -33.73%
Tempus AI (TEM); Tempus AI stock rating upgraded, PT raised to $74 by TD Cowen: +10.98%
Skyline Corp (NYSE:SKY); Champion Homes Announces Third Quarter Fiscal 2025 Results: +10.84%
Mattel Inc (NASDAQ:MAT); Mattel shares surge 8% on upbeat 2025 outlook, stellar results: +13.86%
Mercury Computer (NASDAQ:MRCY); Mercury Systems stock soars 16% after big revenue beat: +17.13%
Michael Kors Holdings (NYSE:CPRI); Capri Holdings shares tumble over 5% as Q4 earnings miss expectations: -14.44%
Intapp (INTA); Intapp Announces Second Quarter Fiscal Year 2025 Financial Results: -13.24%
Amentum Holdings LLC (AMTM); Amentum Reports First Quarter Fiscal Year 2025 Results and Reaffirms Full Year Guidance: +3.66%
New York Times (NYSE:NYT); The New York Times Company Reports Fourth-Quarter and Full-Year 2024 Results: -10.61%
RXO Inc (RXO); RXO shares fall nearly 5% after Q4 results: -8.02%

Small-Cap Stock Movers (Market Cap $300M-$2B):

Cloudastructure (CSAI): -31.68%
AMDL (AMDL): -20.86%
Goldenbridge Acquisition (SDA); SunCar announces $50 million follow-on public offering: -25.83%
GigCapital4 (BBAI); BigBear.ai secures DoD contract for AI media analysis: +24.03%
Tuya ADR (TUYA): -11.07%
InnovAge Holding (INNV); InnovAge Announces Financial Results For the Fiscal Second Quarter Ended December 31, 2024: -9.49%
CVRx (CVRX): -7.38%
Roth CH Acquisition II Co (RSVR); Reservoir Media Announces Third Quarter Fiscal 2025 Results: +4.31%
Ichor Holdings Ltd (NASDAQ:ICHR); Ichor Holdings, Ltd. Announces Fourth Quarter and Fiscal Year 2024 Financial Results: +7.32%
Allegiant Travel (NASDAQ:ALGT); Allegiant Travel posts Q4 earnings beat, but stock falls 4% on guidance miss: -14.64%