In today’s briefing:
- #5 India Insights: JSW Steel New Product, Adani-Japan May Tie Up, FII Shorts, India GDP
- US EV Charging Infrastructure Tracker: Update – May 2024
- #9Business Buzz: Temu Under EU’s Scrutiny, Tesla Recalls Vehicles, Court Eases UniCredit Restriction
- AUCTUS ON FRIDAY – 31/05/2024
#5 India Insights: JSW Steel New Product, Adani-Japan May Tie Up, FII Shorts, India GDP
- JSW launches coated steel product to substitute imports which has market of INR 2200 crore
- Adani may tie up with Japan for renewable energy post-meeting between officials
- FII short position highest before election results; India Q4 GDP beat analyst estimates
US EV Charging Infrastructure Tracker: Update – May 2024
- Total public EV charging stations (incl. temporary unavailable locations) were 69,157 as of May 30, 2024. Compared to the end of FY23, it is an increase of 7.0%.
- Total EVSE charging ports (including the temporary unavailable ports) were184,771, up nearly 9.7% compared to the end of 2023 and up 1.2% over April 2024.
- Compared to China, US still lags far behing in terms of EV infrastructure. China had 2.7 million EV charging stations at the end of 2023.
#9Business Buzz: Temu Under EU’s Scrutiny, Tesla Recalls Vehicles, Court Eases UniCredit Restriction
- EU adds Temu to highest digital scrutiny tier due to risks like counterfeit goods and IP violations
- Tesla recalls multiple models due to seat belt warning system flaw; plans software update in June
- Russian court permits UniCredit to use Russian bonds as collateral, softening prior asset seizure terms
AUCTUS ON FRIDAY – 31/05/2024
- Arrow Exploration (AXL LN/AXL CN)C; target price of £0.65 per share: All eyes on the first horizontal well at Carrizales Norte – The 1Q24 production of 2,730 boe/d was close to our expectations.
- Arrow’s cash position of US$11.6 mm was also in line.
- The first water disposal well at RCE is being brought into production and the conversion of the CN-4 well is currently waiting regulatory approval.
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