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...Blackstone’s flagship property fund failed to generate enough cash to cover its dividend last year, putting strain on a vehicle the private capital group views as a beachhead in the retail investor marketplace...
...China’s carmakers are engaged in a price war as sluggish consumer demand, a glut of new vehicles and slowing economic growth drag down prices....
...China dominates manufacturing, making more than half of all electric or plug-in hybrid cars, compared with just 10 per cent of traditional engine-driven vehicles....
...With typical grandiloquence, he claims that turning the company’s electric fleet into autonomous vehicles could be “the biggest asset value appreciation in history”....
...The results come at a turbulent time for Musk and the electric vehicle sector....
...He was responding to claims made recently by the founder and chief executive of CATL, the Chinese company that dominates the electric vehicle battery industry, that the much-hyped solid-state batteries did...
...Although its vehicles are not charged to drive in the Ulez, it is in the process of decommissioning non-compliant vehicles....
...Thousands of imported vehicles, many of them electric cars made in China, are clogging up European ports....
...The future path of sales of electric vehicles has become a source of much angst for carmakers, as well as a highly charged issue in the culture wars....
...Chinese electric vehicle start-up Nio suffered deepening losses in 2023, as the company struggles to reduce costs while keeping pace in the premium segment of the world’s largest auto market....
...Good morning and we start with Apple’s decision to abandon a secret project to build an electric vehicle....
...“Ultimately everyone could be a loser within the Rmb200,000-Rmb300,000 [pure battery-powered vehicle] segment,” he noted....
...Charging tariffs on electric vehicles imported from the EU would have added £800mn to Treasury coffers over four years, data from Budget document showed....
...Carmakers are telling their suppliers to switch focus from electric models to hybrid vehicles as they contend with “a marked slowdown” in battery car demand, according to the head of parts maker Dowlais....
...On the flip side, a vehicle linked to the company’s chair, Amit Bhatia, has been making substantial share purchases....
...It wants to make the cost of producing EVs the same as for traditional combustion engine vehicles by fiscal 2030....
The targeted vehicle is the manager’s $141mn Mortgage-Backed Securities Fund
...The industry has been struggling for months with a shortage of capacity on ships after the jump in Chinese vehicle exports prompted a 17 per cent rise in long-distance movements of vehicles from the year...
...Volkswagen is considering partnering with other carmakers to produce cheaper electric vehicles to help it compete with a coming wave of lower-cost rivals from China....
...In January, the billionaire insisted that Tesla was “very far along” with the vehicle....
...Known as “Project Titan”, Apple’s electric vehicle project was an example of its attempts to diversify beyond its hit product, the iPhone, which still makes up about half of its global sales....
...In total, the UK has nearly 54,000 public charging points compared with 1mn fully electric vehicles, a ratio of just over 18:1....
...Mercedes said supply chain bottlenecks in Asia limited sales particularly of its new E-class vehicles....
...Technology-related businesses represent nearly a third of the 2024 list, and our top-ranked company this year is Zypp Electric, an Indian electric-vehicle platform....
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