Tagged: Boom

The electric vehicle boom is pay-dirt for factory machinery makers

DETROIT, Aug 20 (Reuters) – The investment surge by both new and established automakers in the electric vehicle market is a bonanza for factory equipment manufacturers that supply the highly automated picks and shovels for the prospectors in the EV gold rush.

The good times for the makers of robots and other factory equipment reflect the broader recovery in U.S. manufacturing. After falling post-COVID to $361.8 million in April 2020, new orders surged to almost $506 million in June, according to the U.S. Census Bureau.

Reuters Graphics

Here’s a graphic on U.S. manufacturing new orders: https://tmsnrt.rs/3lVyhlM

New electric vehicle factories,

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3 Electric Vehicle Stocks to Benefit From an EV Boom; Analysts Say ‘Buy’

Electric vehicles (EVs) have been on the roads for the better part of two decades now, in slowly increasing numbers. The technology isn’t new – EVs were part of the initial wave of automotive technology over a century ago – but modern metallurgy, batteries, and drive trains have made them more practical. While the internal combustion engine still offers an overall better package of performance, power, and price, EVs are catching up.

They are getting a boost from the government, in the form of supportive policies. The Biden Administration is seeking a pledge from US automakers to make a full-court

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