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September 1st - Indian electric two-wheeler manufacturer Ather Energy Ltd. has outperformed global electric vehicle stocks this year, and analysts believe its share price still has room for further growth as the company continues to expand its market share. Ather Energys share price has risen nearly 130% since 2026, a rally that continues to attract global investors. BlackRock Global Funds acquired less than 1% of the companys shares on Monday through open market transactions. In contrast, the Bloomberg index tracking 104 electric vehicle-related revenue companies has fallen 1% this year.On September 1st, three departments released the "Guidelines on Overseas Competition and Compliance in the Automotive Industry." Enterprises should take necessary measures to ensure compliance in all data processing activities related to the collection, use, protection, and cross-border transmission of data related to vehicle networking and autonomous driving, and adhere to laws and regulations concerning personal information processing to protect consumer privacy. Enterprises should comply with the laws and regulations of my country and host countries regarding intellectual property protection, strengthen the overseas market layout and protection of relevant independent intellectual property rights in the automotive industry, and prevent infringement risks. The guidelines also regulate the use of intellectual property rights in areas such as exterior design, parts production, and communication technology, and properly handle intellectual property disputes.On September 1st, three departments released the "Guidelines on Overseas Competition and Compliance in the Automotive Industry." When selling goods or providing services overseas, companies should legally and compliantly set transparent and clear prices, and should not arbitrarily add prices beyond the listed price or charge fees not clearly stated. When conducting promotional activities overseas, such as sales with prizes, free trials, discounts, gifts, and auto finance incentives, companies should comply with laws and regulations, follow local business practices and cultural customs, and earnestly fulfill contractual obligations. When conducting brand display and promotional activities overseas, companies should truthfully and completely disclose relevant information in accordance with the relevant regulations of the host country (region), and should not engage in false advertising, deceive or mislead consumers, thereby safeguarding the image of Chinese automotive brands.On September 1st, three departments released the "Guidelines on Overseas Competition and Compliance in the Automotive Industry." Enterprises can establish pricing strategies based on cost and guided by international market supply and demand, and must manage the prices of their parts, complete vehicles, and other products in accordance with laws and regulations, refraining from disrupting market competition order to gain unfair competitive advantages. When setting suggested retail prices for complete vehicles in overseas markets, enterprises should, in accordance with the laws and regulations, market principles, and business practices of the host country (region), establish clear price tiers for different vehicle configurations to avoid frequent and significant price fluctuations that could negatively impact the interests of overseas consumers and brand image.The National Highway Traffic Safety Administration (NHTSA) has announced that Ford Motor Company (FN) is recalling 148,663 vehicles in the United States because loss of power increases the risk of a collision. Additionally, malfunctioning headlights or windshield washer systems may reduce visibility, further increasing the risk of a collision.

WTI struggles at $87 as recession worries probe OPEC's forecast and supply deficit fears intensify

Daniel Rogers

Sep 14, 2022 11:42

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After reverting from the weekly high, WTI crude oil traders seek clear direction around $87.50 during Wednesday's Asian session. However, the present hesitation in the price of black gold may be attributable to the mixed concerns regarding the demand-supply matrix.

 

The Organization of the Petroleum Exporting Countries (OPEC) indicated in a monthly report that oil consumption will climb by 3,1 million barrels per day (bpd) in 2022 and by 2,7 million barrels per day (bpd) in 2023, which is unchanged from last month. Despite obstacles such as rising prices, the news also highlighted indications that major economies were performing better than projected.

 

The news that the United States intends to replenish its emergency oil reserves, as well as the German and European move to control Russian oil and gas prices, could also be favorable for energy prices. In addition, rumors that the Western oil deal with Iran is a long way off are bolstering fears of a supply bottleneck and should have helped energy bulls.

 

Tuesday's US inflation statistics revived concerns about the Federal Reserve's fast rate hike and exacerbated recession concerns. Also acting as downward drivers for WTI crude oil are expectations of economic slowdown due to China and Russia-related concerns.

 

In spite of this, the US Consumer Price Index (CPI) for August increased by 8.3% year-over-year, surpassing market expectations by 0.1%. However, the monthly data increased to 0.1%, exceeding the -0.1% projected and the 0.0% shown in previous assessments. The core CPI, or CPI excluding food and energy, likewise exceeded the 6.1% consensus and 5.9% prior to printing at 6.3% for the month in question.

 

It should be mentioned that the weekly prints of the American Petroleum Institute's (API) industry inventory report also contributed to the commodity's downfall. The API Weekly Crude Oil Stock climbed to 6,035 million during the week ending September 9, up from 3,645,000 the previous week.

 

In the future, the price of black gold may stay under pressure due to a stronger US dollar and economic troubles. Before today's official weekly inventory data from the U.S. Energy Information Administration, however, the supply crisis concerns could test the bears (EIA). Thursday's US Retail Sales for the month of August and Friday's preliminary reading of the September Michigan Consumer Sentiment Index will also warrant close attention.

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