US Government

Cargo Ship Sinking Sparks $560M Loss For Ev Industry

Cargo Ship Sinking Sparks $560M Loss for EV Industry

On June 3, 2025, the Morning Midas, a cargo ship carrying 3,048 Chinese vehicles, including 750 electric vehicles (EVs) and hybrids, caught fire and sank 20 days later, costing the industry an estimated $560 million, according to the Anderson Economic…

Volex Profits Surge 25% As Ev Charger Demand Skyrockets

Volex Profits Surge 25% as EV Charger Demand Skyrockets

Volex, a leading cable manufacturer, reported a 25% profit increase for the year ending March 2025, driven by soaring demand for its electric vehicle (EV) chargers. Despite concerns over U.S. tariffs under President Trump, the company’s strategic global operations and…