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...The company expected the factory to reach production of as many as 500,000 cars a year when it reached full capacity, the people said....
...“For the cars we produce, you need workers, first class workers to master the complexity, to build these wonderful cars,” he added....
...Although it expects to make only 9,000 cars this year, the factory has capacity to make 90,000 annually....
...But its rival Temu has adopted tough tactics to encourage merchants to its platform to sell to consumers in the US and Europe, offering items from $4 laptop bags, $50 three-piece suits and $9 car tyres....
...But a key “barrier” to China’s reallocation of labour resources lies in the country’s hukou household registration system, Jin added....
...And that will be how cars work. You just summon the car using your phone. You get in. It takes you to a destination. You get out....
...Shares in Tesla dropped more than 7 per cent on Monday after shipments from the electric-car maker’s China factory hit a 14-month low in February, amid disruption from the lunar new year and a price war....
...Some key projects are also in trouble....
...It is in talks with ministers about financial support to transform the Luton plant into an all-electric factory....
...Musk remains convinced that the company’s bet on self-driving technology, which has led to several fatalities, will be its key differentiator in the future....
...In 2017, Hyundai invested $1.15bn in a new factory in Chongqing, south-western China, with the goal of reaching an annual output of 300,000 internal combustion engine cars....
...SK Hynix and TSMC are both key suppliers to Nvidia, the leader in the AI chip market....
...The bureau said the increase was led by exports of chemical fibre, rubber and plastic products, as well as cars and computer and communications equipment....
...Hyundai has sought the plant sale since last August as it continued to lose market share in the world’s largest car market amid an intensifying price war with local rivals....
...The cobalt market has been overwhelmed by a record glut as Chinese companies boost their output, with the surplus of the key electric car battery metal set to last until 2028, according to an influential...
...There are legendary industry stories about paint colours, from the McLaren team dispatched to a Swiss chalet to capture the exact shade of sunrise on the snow, to the engineer who returned to the Bentley factory...
...Shu said the Hungary plant planned to produce at least 150,000 cars a year, a minimum level for standard car factories....
...Two-thirds of Mexico’s car production is exported to the US, while many US auto factories are reliant on Mexican component plants for lower-cost parts....
...The brand first went offshore with key product lines such as tailoring and trousers in early 2000 following the closure of its factories in Scotland....
...In China, electric car sales including plug-in hybrids surged 36 per cent to 7.7mn in 2023, up from 5.7mn in 2022, according to data from the China Passenger Car Association....
...Chinese companies will build factories in Europe and when that happens our car industry needs to be ready.”...
...The US company told the Financial Times there had been “no attack on or fire at the factory”, which is situated in the Brandenburg region south-east of Berlin and produces 6,000 cars a week....
...Nissan wants to forge new partnerships, after scaling back its alliance with France’s Renault, and is planning a tie-up with Honda to develop electric cars....
...A supplier of automation equipment to Xiaomi’s factory said there were dozens of former Tesla employees working inside the plant....
...He suggested a UK factory could also export cars to distant markets in South Africa, Australia and New Zealand....
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