News: 08/09/23

Wednesday, August 9, 2023

The Top 5 EV Tech Stocks to Buy for 2023, Plus Our #1 Pick

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The electric vehicle revolution is here, and it's not slowing down. Governments around the world are investing heavily in EVs, and spending on passenger EVs is surging. In fact, a new report from BloombergNEF found that annual spending on passenger EVs hit $388 billion in 2022, up 53% from the year before.

This trend is only going to continue. A new study by Ernst & Young predicts that electric vehicles could outpace combustion engines in the next 12 years in the U.S., Europe, and China. By 2045, non-EV sales are expected to plummet to less than 1% of the global car market.

This is a huge opportunity for investors. The companies that are leading the way in the EV revolution are poised to make big gains in the years to come. That's why we've put together a free report, "Top 5 EV Tech Stocks to Buy for 2023."

In this report, we'll take a look at five of the most promising EV tech stocks on the market. We'll provide you with all the information you need to make an informed investment decision about company financials, the competitive landscape, and growth prospects.

Get our free report, "Top 5 EV Tech Stocks to Buy for 2023."

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The T-Shirt Brand Trying to Break the DTC Curse

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WHAT YOU NEED TO KNOW TODAY: THURSDAY, AUGUST 10, 2023

The DTC strategy of pursuing rapid growth with a basic product is still working for some brands, including t-shirt seller True Classic.
Fashion executives are talking far more about artificial intelligence in earnings calls, a BoF analysis finds.
As China's recovery falters, luxury brands are betting on store upgrades, tax-free shopping and "Very Important Client" strategies.
Warby Parker grew sales in the second quarter, even as it reduced online marketing.
Textile dye start-up Nature Coatings has raised $2.45 million from sustainability-focused venture firms and Leonardo DiCaprio.

TOP STORIES

DIRECT-TO-CONSUMER

The Unassuming T-Shirt Brand Trying to Break the DTC Curse

By Malique Morris

True Classic has emerged from a sea of men's brands promising the perfect t-shirt, managing to build a big audience without bleeding cash.

Fashion Execs Can't Stop Talking About AI

By Marc Bain

Executives have been highlighting the technology more often on earnings calls, suggesting more businesses are adopting it — and maybe giving it a shoutout to impress investors.

How to Tap China's Luxury Market As Recovery Falters

By Pierre Mallevays

Amid macroeconomic headwinds, luxury brands are betting on store upgrades, tax-free shopping and 'Very Important Client' strategies to drive sales in China, writes Pierre Mallevays.

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