2-year Treasury Yield Yops 5%. Consumers Are Still Spending. Used-Vehicle Auction Prices Jump for Third Month, after Last Year’s Plunge. More Trouble Brewing for “Core” CPI

by BoatSurfer600 https://www.cnbc.com/2023/03/07/us-treasury-yields-investors-anticipate-fed-chair-powells-remarks.html   Consumer Credit Alert! In January, consumer credit increased at a seasonally adjusted annual rate of 3.7 percent. Revolving credit increased at an annual rate of 11.1 percent, while nonrevolving credit increased at an annual rate of …

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Road to total US vehicle fleet electrification

Source: American Transportation Research Institute. Installing charging equipment at truck parking stops across the U.S. could cost upwards of $35 billion, based on a per-unit cost of $112,000 (American Transportation Research Institute). h/t  Infamous_Sympathy_91

Electric vehicle tail light costs over $4,000 Installed

Hummer EVs https://www.washingtonexaminer.com/restoring-america/community-family/hummer-electric-vehicle-tail-light-costs-4-000 Car review website the Drive confirmed General Motor’s list price for one tail light is $3,045. Without factoring in labor, the list price for a set of tail lights runs for nearly $6,100, “The taillights in the …

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Taking notes Joe? The company was once called Asia’s largest new energy vehicle manufacturer Goes Bankrupt Despite Hefty Subsidies

Yangtze River Automobile Group, a Chinese electric vehicle (EV) manufacturer, recently declared bankruptcy. The company was once called Asia’s largest new energy vehicle manufacturer, and had acquired land in several big cities to build its manufacturing bases. https://twitter.com/SpaceWeasel/status/1565005190952062976 h/t Goneviral

$NIO testing vehicle flies out of headquarters building in Shanghai, killing both testers. Trending No. 1 on Chinese twitter.

by SnooBeans9659 https://cnevpost.com/2022/06/23/two-die-after-nio-test-vehicle-falls-from-building/ https://cnevpost.com/2022/06/23/nio-becomes-trending-topic-in-china-after-sedan-flies-out-of-building/ ​ ​ $NIO has officially acknowledged that this accident indeed happened during testing its new sedan model. The sedan fell out of a NIO building from the third floor. Both testers unfortunately passed away following the …

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Nickel, used in stainless steel and electric-vehicle batteries, surged as much as 250% in two days to trade briefly above $100,000 a ton early Tuesday.

https://finance.yahoo.com/news/lme-suspends-nickel-trading-unprecedented-082125655.html (Bloomberg) — The London Metal Exchange suspended trading in its nickel market after an unprecedented price spike left brokers struggling to pay margin calls against unprofitable short positions, in a massive squeeze that has embroiled the largest nickel producer …

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