Knorr-Bremse Strengthens Its ESG Measures In Partnership With Deutsche Bank | Arizona Is Attractive For The EV Market
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The electric vehicle market has a bright future, but is currently struggling with the lack of chip supplies and difficulties in the investment market. Many companies use partnerships with financial institutions, and some such as Knorr-Bremse and Deutsche Bank develop their partnerships.
In this article:
- Arizona and EV market
- Investments in EV start-ups are not so attractive anymore
- Preparing for the new tax year
- Knorr-Bremse and its Partnership With Deutsche Bank
Electric Vehicles And Self-Driving Technology Have The Potential To Grow In Arizona
Problems in the delivery of chips from China have become one of the problems in the United States. Companies producing electric cars are looking for solutions.
Arizona quickly became the epicenter of electric vehicles and self-driving technology and is now the site of three major new semiconductor plants. The Arizona Commerce Authority says it helped 634 companies relocate or expand in Arizona between 2015 and 2020.
Thus, many new residents who are qualified in this field have flowed into this region.
Arizona has rapidly become an epicenter for EV and self-driving tech — and now it's the site of 3 big new semiconductor factories. Watch the full video here: https://t.co/N6fsv8kiZt pic.twitter.com/UublHC3Wnz
— CNBC (@CNBC) December 16, 2022
Investments in EV start-ups are not so attractive anymore
The automotive industry is investing over $1 trillion in the revolutionary transition from combustion engines to software-controlled electric vehicles. From Detroit to Shanghai, automakers and government policy makers have embraced the promise that electric vehicles will deliver cleaner, safer transportation.
Industry executives and forecasters disagree on how quickly electric vehicles could take over half of the global vehicle market, let alone the entirety. Industry officials and analysts said that among the barriers to EV adoption were the lack of public fast-charging infrastructure and the rising cost of EV batteries.
Difficulties arose not only in the production area. Investors who eagerly watched and invested in Tesla Inc and competing electric vehicle start-ups that hoped to emulate Tesla's success. This year has shown that nothing is complete and economic situations also hit the giants. With interest rates rising and financial markets swirling, stakes in many EV startups have declined.
WATCH: The past year was sobering for investors who poured money into Tesla and rival electric vehicle startups that hoped to emulate the success of Elon Musk's company https://t.co/1ZAIf7TV8i $TSLA pic.twitter.com/gmlWlMIoEJ
— Reuters Business (@ReutersBiz) December 16, 2022
Preparing for the new tax year
With the end of the year, financial institutions in their tweets and articles will draw attention to what you need to prepare from the financial side. Before the new year, it's worth looking back at your expenses, general cash flow to be able to prepare better for the new year. Financial security is important, but you should also remember about taxes.
There is no doubt that taxes are a nightmare for everyone, whether for an individual taxpayer or for entrepreneurs. There may be changes in tax regulations that are worth paying attention to.
Preparing for the new tax year can help you not to lose too much on taxes. An important part of this process is knowing the likely tax bracket you'll fall into, the limits that may affect you, and the potential deductions available.
With the year rapidly coming to a close, it might pay to prepare in advance for Tax Day. Here are 8 things to keep in mind as you prepare to file your 2022 taxes. https://t.co/vTPSg1p4cH
— Charles Schwab Corp (@CharlesSchwab) December 15, 2022
Knorr-Bremse and its partnership With Deutsche Bank
Knorr-Bremse strengthens its ESG measures in partnership with Deutsche Bank and expands its supply chain finance program to include sustainability aspects.
For 15 years, Knorr-Bremse suppliers have been using the Supply Chain Finance program run by Deutsche Bank. For example, they get their money faster because the bank pre-finances at attractive interest rates until Knorr-Bremse pays the invoice. Financing costs for suppliers are based on the creditworthiness of Knorr-Bremse, which usually reduces financing costs for suppliers.
Deutsche Bank supports @KnorrBremseAG in strengthening its ESG measures and expanding its supply chain finance programme to include sustainability aspects. Suppliers with good sustainability performance benefit from more attractive financing terms. https://t.co/pEvfnF0Zk0
— Deutsche Bank (@DeutscheBank) December 16, 2022
