Tesla (NASDAQ: TSLA) is a fan favorite among many individual investors. Investors looking to build a portfolio around Tesla might be interested in the Consumer Discretionary Select Sector SPDR Fund (NYSEMKT: XLY), the Ark Innovation ETF (NYSEMKT: ARKK), or the First Trust Nasdaq Clean Edge Green Energy Index Fund (NASDAQ: QCLN). The consumer discretionary sector is chock-full of iconic brands that tend to sell more goods and services when the economy is doing well. Read More...
Reuters
China’s Huawei partners with more automakers to produce Aito EVs
China’s Huawei Technologies is partnering with more legacy automakers to produce Aito-branded electric cars, the company’s senior executive said on Saturday, in a move to expand its presence in the auto industry. Huawei will team up with Chery Automobile, BAIC Motor and Anhui Jianghuai Automobile Group in jointly developing and manufacturing Aito-branded vehicles, Richard Yu, Huawei’s Smart Car CEO, said at the China EV 100 forum in Beijing. Huawei, which has already a partnership with Seres Group to make Aito cars, plans a series of models including SUVs, sedans and multipurpose vehicles under the Aito brand, Yu added.
Add Comment