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The yield on Japans two-year government bonds fell 1.0 basis point to 1.370%.May 7th Futures News: Economies.com analysts latest view: Brent crude oil futures have continued to decline in recent intraday trading. While the market had previously escaped oversold conditions, the Relative Strength Index (RSI) has begun to show a negative crossover signal. This opens up room for further declines in the short term, especially given that prices have remained below the 50-day moving average (EMA50) and previously broke below the short-term uptrend line; downward pressure remains.May 7th Futures News: Economies.com analysts latest view: WTI crude oil futures prices edged lower in the latest intraday trading session. The oversold condition of the Relative Strength Index (RSI) has eased, but the market still has room for further declines in the short term. Selling pressure remains dominant after prices broke below an important short-term uptrend line. Crude oil prices continue to trade below the 50-day moving average, which now acts as dynamic resistance, limiting any potential rebound. Unless oil prices regain their footing above key technical levels and resume upward momentum, these factors will reinforce the current bearish outlook.Futures News, May 7th: Economies.com analysts latest view: Spot gold continued its upward trend in the latest intraday trading, currently challenging the resistance level of $4700, which was our target price set in previous analysis. Gold prices have been trading above the 50-day moving average, supporting this upward momentum and reflecting strong upward momentum. Furthermore, gold prices previously broke through a minor descending channel that had been limiting its movement, a technical signal that reinforces the continuation of the recent rally. Despite the optimistic outlook, some potential pressure is emerging as the Relative Strength Index (RSI) has begun to show negative signals after reaching severely overbought levels, which could limit the ability of prices to continue rising at the same pace.On May 7th, Sullivan, an international market research firm, released its "China University and Research Institution AI4S Market Tracking Report, 2025." The report shows that Alibaba Cloud leads the Chinese university and research institution AI4S cloud market with a 26% market share, firmly holding the top position. The report indicates that the Chinese university and research AI4S cloud market is in a period of rapid growth and is projected to reach 10.7 billion yuan by 2030. Sullivan points out that compared to the general enterprise AI market, the demand for AI4S in Chinese universities and research institutions is upgrading from single computing resources to the construction of full-stack AI capabilities, emphasizing adaptability to research tasks, the collaborative capabilities of complex computing power and toolchains, and continuous service capabilities in cross-disciplinary scenarios. Alibaba Cloud has formed a complete technology stack across the entire chain of "computing power—platform—model—application—ecosystem," becoming the only vendor to achieve full-stack leadership.

Tata Considers Establishing EV Cell Production Facilities in India and Europe

Charlie Brooks

Jan 13, 2023 11:28

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In an interview with Reuters, the chief financial officer of Tata's vehicle sector stated that the company is considering developing battery cell production facilities in India and Europe.


Tata Motors (NYSE:TTM) controls the electric vehicle (EV) industry in India, having sold a total of 50,000 EVs to date and announcing plans to develop 10 EV models by March 2026. The company anticipates that electric vehicles will account for 25% of its total sales by 2025, up from roughly 8% presently.


Tata Motors' P.B. Balaji stated on the sidelines of India's Auto Expo auto show in Greater Noida, Uttar Pradesh, that localizing cell manufacturing for EV batteries is essential for increasing the use of local components in electric vehicles and will assist the automaker in establishing a local supply chain.


Tata is investigating two production sites, one of which is in Europe, to suit the battery cell needs of its premium vehicle unit Jaguar Land Rover, which has a manufacturing facility there.


Balaji stated that the investment in cell manufacture will be made by Tata Sons, but did not disclose the amount or schedule.


He remarked, "We should reveal it as quickly as possible."


India's automobile market, which is anticipated to become the third-largest in the world, is miniscule relative to its population, with electric models accounting for only 1% of nearly 3.8 million total car sales in 2017; nevertheless, the government intends to grow this to 30% by 2030.


Tata expects its EV business to generate positive cash flow by 2025, and the corporation is also concentrating on enhancing the sector's profitability.


Tata's new models will include a longer driving range and higher price points as Tata Motors looks to secure its position as market leader as Mahindra & Mahindra, Warren Buffett-backed BYD, and SAIC Motor's MG Motors prepare to launch electric vehicles.

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