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DETROIT (AP) — Electric vehicles had another whirlwind year around the globe, driven by buyers in China, and growth in parts of Europe and the United States, despite headwinds. In a milestone for China, the world’s biggest auto market, EVs hit 50% of new car sales in July. That included pure battery EVs plus plug-in hybrid electric vehicles. Chinese companies such as BYD continue to gain traction worldwide with their inexpensive EVs. Electric vehicles also made and the U.S. Uncertainty around purchase subsidies could complicate matters come 2025, especially under the incoming Trump administration in the U.S. But mainstream consumers remain interested in new models, longer driving ranges, better performance and lower prices. The transition to electric vehicles is an important part of the shift to clean energy. Road transport accounts for of all global emissions from energy, according to the International Energy Agency. Widespread EV adoption could significantly address climate change. Here are five facts about EVs this year. Most of the data comes from consultancy Rho Motion. The global EV market, including pure EVs and plug-in hybrids, grew by 25% year-over-year as of November. Rho Motion estimates 15.2 million EVs had been sold worldwide ahead of the end of the year, and the International Energy Agency expected electrified vehicle sales to reach one in five cars sold globally. Most were in China. Mexico sold roughly 5 times as many EVs this year than last, mostly from Chinese powerhouse automaker BYD, according to Rho Motion. Related Articles Because China’s population is so much larger, its 40% growth year-to-date translates to many more EVs than Mexico’s fivefold increase. Other areas of note are the United Kingdom, which saw a roughly 17% increase year-to-date. That’s interesting to compare to France and Germany, which saw sales decline. In Turkey, the EV market grew by almost 50% year-to-date, driven by Tesla entering the market last year and Togg, a Turkish auto company, ramping up its sales. In Norway, which for years has been in first place for share of vehicles that are electric, 90% of new cars were EVs. The best-selling pure electric vehicles were the Tesla Model Y, followed by the Tesla Model 3 — both globally and in the U.S., according to Rho Motion. The Model Y SUV was released in 2020. Its base version today costs nearly $45,000. The Model 3 was released in 2017. The least expensive version sells for around $42,000. Both have been eligible for a $7,500 tax credit in the U.S. Tesla’s market share stood at 17% of all electric cars across the globe through October, according to Rho Motion. In the U.S., Tesla’s market share was 49% through October. That means the company still has the biggest EV market share. But its hold is shrinking as other auto companies combined sell a growing number of electrics. For example, GM, Ford, Honda and more are offering a wider variety of EVs at lower prices and sizes and are chipping away at Tesla’s longstanding lead. Tesla remains the most valuable auto company in the world, with a market value of $1.4 trillion.Described as a "reluctant king" in his first stint as prime minister, the quietly spoken Manmohan Singh was arguably one of India's most successful leaders. The first Sikh in office, Singh, 92, was being treated for age-related medical conditions and died after he was brought to hospital after a sudden loss of consciousness on Thursday. He is credited with steering India to unprecedented economic growth and lifting hundreds of millions out of dire poverty. He went on to serve a rare second term. Prime Minister Narendra Modi heaped praise on Singh. "India mourns the loss of one of its most distinguished leaders, Dr. Manmohan Singh Ji." Modi also applauded the economist-turned-politician's body of work. Born into a poor family in a part of British-ruled India now in Pakistan, Singh studied by candlelight to win a place at Cambridge University before heading to Oxford, earning a doctorate with a thesis on the role of exports and free trade in India's economy. He became a respected economist, then India's central bank governor and a government advisor but had no apparent plans for a political career when he was suddenly tapped to become finance minister in 1991. During that tenure to 1996, Singh was the architect of reforms that saved India's economy from a severe balance of payments crisis, and promoted deregulation and other measures that opened an insular country to the world. Famously quoting Victor Hugo in his maiden budget speech, he said: "no power on earth can stop an idea whose time has come," before adding: "the emergence of India as a major economic power in the world happens to be one such idea". Singh's ascension to prime minister in 2004 was even more unexpected. He was asked to take on the job by Sonia Gandhi, who led the centre-left Congress party to a surprise victory. Italian by birth, she feared her ancestry would be used by Hindu-nationalist opponents to attack the government if she were to lead the country. Riding an unprecedented period of economic growth, Singh's government shared the spoils of the country's new found wealth, introducing welfare schemes such as a jobs programme for the rural poor. In 2008, his government also clinched a landmark deal that permitted peaceful trade in nuclear energy with the United States for the first time in three decades, paving the way for strong relations between New Delhi and Washington. But his efforts to further open up the Indian economy were frequently frustrated by political wrangling within his own party and demands made by coalition partners. And while he was widely respected by other world leaders, at home Singh always had to fend off the perception that Sonia Gandhi was the real power in the government. The widow of former prime minister Rajiv Gandhi, whose family has dominated Indian politics since independence from Britain in 1947, she remained Congress party leader and often made key decisions. Known for his simple lifestyle and with a reputation for honesty, Singh was not personally seen as corrupt. But he came under attack for failing to crack down on members of his government as a series of scandals erupted in his second term, triggering mass protests. The latter years of his premiership saw India's growth story, which he had helped engineer, wobble as global economic turbulence and slow government decision-making battered investment sentiment. In 2012, his government was tipped into a minority after the Congress party's biggest ally quit their coalition in protest at the entry of foreign supermarkets. Two years later Congress was decisively swept aside by the Bharatiya Janata Party under Narendra Modi, a strongman who promised to end the economic standstill, clean up graft and bring inclusive growth to the hinterlands. But at a press conference just months before he left office, Singh insisted he had done his best. "I honestly believe that history will be kinder to me than the contemporary media or, for that matter, the opposition parties in parliament," he said. Singh is survived by his wife and three daughters.
Leaders wish Australians a peaceful, joyful Christmas( MENAFN - GlobeNewsWire - Nasdaq) Special Meeting of Stockholders To Approve Reverse Stock Split To Be Held on January 14th at 10:00 a.m. ET LOS ANGELES, Dec. 26, 2024 (GLOBE NEWSWIRE) -- Crown Electrokinetics Corp. (NASDAQ: CRKN) ("Crown" or the "Company”) , a leading provider of innovative technology infrastructure solutions that benefit communities and the environment, today provided a letter to shareholders from its CEO and Chairman, Doug Croxall. Dear Fellow Shareholders, As 2024 comes to a close, I want to reflect on Crown's accomplishments this year and share our vision for the year ahead. It has been a transformative year for Crown, as we have evolved into a rapidly growing public conglomerate with three diversified divisions: Smart Windows, Fiber Optics, and Water Solutions. This year, we made significant operational progress, achieving key milestones that position Crown for continued growth and success. We expanded our presence across eight U.S. states and two countries, building a robust platform to address critical infrastructure and technology challenges. We are on track to deliver $20 million in revenue for 2024, which is all the more impressive given it was primarily generated in the final three quarters. This achievement reflects our progress and the strong demand for our innovative technology infrastructure solutions. Financially, we are well-positioned to achieve profitability in the first half of 2025, even as we continue to invest strategically in our growth plans. Crown has actively raised capital recently to execute those expansion plans and will close the year with record levels of cash in hand and minimal debt. This achievement reflects our disciplined approach to building a healthy balance sheet and implementing the structure required to support both near-term objectives and long-term expansion. We share in your frustration that our market value, trading at approximately our current cash value, does not yet reflect either Crown's recent achievements or its immense future potential. However, we remain confident that this disparity will correct itself as we build a company that delivers meaningful impact, sustainable growth, and shareholder value. To ensure we maintain our listing status, we have filed our appeal with NASDAQ and expect to go before the hearing committee likely in early February. We will provide timely updates as they become available to Crown. In preparation, we have filed a Proxy Statement ahead of the Special Meeting on January 14th and are requesting approval to execute a reverse stock split to maintain bid-price compliance. We strongly urge our shareholders to favorably vote their approximately 64 million voting shares, and to provide Crown with the flexibility and financial strength needed to continue delivering against our growth plans. 2024 Division Highlights Smart Windows Fiber Optics Water Solutions Slant Wells Lead Pipes: Element 82 & PE Pipelines 2025 Outlook As we look ahead to 2025, Crown is stronger, more focused, and better positioned than ever to capitalize on new opportunities. With momentum across our three divisions, we are committed to achieving profitability in the first half of 2025, expanding our footprint to meet increasing demand, and delivering innovative infrastructure solutions that address critical challenges. Our team of industry experts, with a desire to change the status quo through innovation, is growing rapidly. As we scale, we are actively refining our business processes to align with our growing operations while maintaining agility and focus. Looking ahead, we provided full year 2025 revenue guidance between $30 million and $35 million, underscoring the expected strength of our business to come. To our shareholders, thank you for your trust and confidence as we continue to execute our vision. While our stock price does not yet reflect the intrinsic value of Crown, we remain focused on building a company that delivers meaningful impact, sustainable growth, and shareholder value. Approving the proposed reverse stock split is a critical step in strengthening our position to meet listing requirements, attract new investors, and enhance financial flexibility. Your support is vital to driving Crown's long-term success and unlocking its full potential. We're excited for 2025 and look forward to updating you on our progress regularly. Sincerely, Doug Croxall CEO and Chairman, Crown Special Meeting of Stockholders The Company will host a Special Meeting of Stockholders on Tuesday, January 14, 2025, at 10:00 a.m. Eastern Time. Holders of record of Crown's Common Stock as of the close of business on December 16, 2024, will be entitled to notice of and to vote at the Special Meeting. Additional information regarding the Special Meeting, including how to vote, are available via proxy materials filed with the Securities and Exchange Commission (the "SEC"), and can be found at . About Crown Crown (Nasdaq: CRKN) is an innovative infrastructure solutions provider dedicated to benefiting communities and the environment. Comprised of three business divisions, Smart Windows, Fiber Optics, and Water Solutions, Crown is developing and delivering cutting edge solutions that are challenging the status quo and redefining industry standards. For more information, please visit . Forward Looking Statements Certain statements in this news release may be "forward-looking statements" (within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934 and the Private Securities Litigation Reform Act of 1995) regarding future events or Crown's future financial performance that involve certain contingencies and uncertainties, including those discussed in Crown's Annual Report on Form 10-K for the year ended December 31, 2023, and subsequent reports Crown files with the U.S. Securities and Exchange Commission from time to time, in the sections entitled“Management's Discussion and Analysis of Financial Condition and Results of Operations” . Forward-looking statements include, but are not limited to, statements that express our intentions, beliefs, expectations, strategies, predictions, or any other statements relating to our future activities or other future events or conditions. These statements are based on current expectations, estimates and projections about our business based, in part, on assumptions made by management. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Therefore, actual outcomes and results may, and are likely to, differ materially from what is expressed or forecasted in forward-looking statements due to numerous factors. Any forward-looking statements speak only as of the date of this news release and Crown Electrokinetic Corporation undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date of this news release. This press release does not constitute a public offer of any securities for sale. Any securities offered privately will not be or have not been registered under the Act and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements. For more information, please contact: Investor Relations ... Public Relations ... MENAFN26122024004107003653ID1109033396 Legal Disclaimer: MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.
Constance “Connie” Kay Bloom, 64, of Middletown died Wednesday, Dec. 25, 2024, at her home. Born June 15, 1960, in Burlington, she was the daughter of Phillip and Dorothy Rappenecker. She married Terry Bloom; he preceded her in death on May 25, 2010. Connie was a bartender for many years and worked at Tenneco. She was very social and loved her customers and spending time with her family and friends. Connie is survived by her siblings, Tom (Laurie) Rappenecker, Luann (Mike) McLaughlin, Cindy (Mike) Walker, Bob (Julie) Rappenecker, Jackie (Mitch) Myers and Kevin (Mary Kay) Rappenecker and several nieces and nephews. She was preceded in death by her parents, husband, one brother, Rick Rappenecker, and one sister, Patty Buttell. According to her wishes, cremation has been entrusted to the care of Lunning Chapel. A celebration of life will be held at a later date. Memorials are suggested to St. Jude Children’s Research Hospital. Online condolences may be made by visiting🔝 My Top Stories of 2024: A Mountain of Words in a Momentous YearPublished 21:18 IST, December 24th 2024 The man, whose identity has not been disclosed, sustained minor injuries, while his driver was killed in the incident. An Afghan national who previously worked for the Indian consulate in Jalalabad was injured in an attack on Tuesday, local sources reported. The man, whose identity has not been disclosed, sustained minor injuries, while his driver was killed in the incident. Indian officials confirmed that the attack appears to be linked to personal enmity rather than any broader political or diplomatic concerns. India had closed its consulate in Jalalabad in 2020 A source in the Ministry of External Affairs said, "An incident took place today involving a local Afghan staff of the Indian consulate in Jalalabad, Afghanistan. The local staff of the consulate sustained minor injuries in the incident. India had closed its consulate in Jalalabad in 2020 itself." “We are in touch with Afghan authorities and awaiting a report on the incident,” the source added. The Indian consulate in Jalalabad has remained closed since 2020, limiting the country’s diplomatic presence in Afghanistan due to ongoing security concerns. Further details on the attack and the circumstances leading to it are awaited as investigations by local authorities continue. Updated 21:18 IST, December 24th 2024( MENAFN - EIN Presswire) SEO and GEO imapacting 2025 Marketing Strategies Generative Engine Optimization (GEO) emerges as a key strategy for optimizing content for AI-driven search engines, reshaping the future of digital search. Alan Rabinowitz SEO Image email us here Visit us on social media: Facebook X LinkedIn Other Legal Disclaimer: EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above. MENAFN26122024003118003196ID1109033537 Legal Disclaimer: MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.