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Related Special Reports
...Honda is falling further behind in the battery EV race after scrapping a $5bn plan to develop affordable battery-powered cars with General Motors last year....
...Its new plug-in hybrid Seal U DM-i, which has a starting price of $23,000 in its home market, is set to go on sale in the coming months....
...Slowing growth of electric vehicle sales has caused a series of corporate U-turns. While sharp swerves are never fun, the change in direction is sensible....
...Nissan chief executive Makoto Uchida is blunt on the need for new partners, although the company insists its alliance with Renault and Mitsubishi Motors will not be unwound....
...Recently it has signed contracts with several rivals, including Ford, General Motors and Rivian, to use its NACS charging standard....
...BYD’s Seal U, for example, sells for €20,500 in China and €42,000 in the EU. The estimated profit is €1,300 and €14,300 respectively, giving a strong incentive to export, Rhodium says....
...India’s government has set targets to increase the proportion of electric motor sales to 30 per cent of all private cars and 80 per cent of two and three-wheelers by 2030, a large jump from current market...
...The group will maintain its long-term alliance with Renault and Mitsubishi Motors in certain markets such as Europe, south-east Asia and Latin America....
...Cutting prices no longer gets you very far in China’s electric car market. BYD’s sticker price of $11,000 for its lower-end electric vehicle models is hard to beat....
...The alliance also includes smaller partner Mitsubishi Motors....
...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....
...That gives Beijing a near-monopoly on permanent magnets used in electric vehicles, wind turbines and fighter jets....
...Sales growth of electric cars has slowed in the past year, with carmakers increasingly forced to discount models in order to generate sufficient consumer demand, while companies from General Motors and Ford...
...The plant in north-west England makes smaller electric vans....
...Failed electric van start-up Arrival collapsed owing close to £200mn and holding less than £150,000 of cash, insolvency documents show....
...Leasing started as the preferred choice among early adopters of electric vehicles....
...Ford and General Motors have paused plans to expand their EV manufacturing capacity in recent months, and last week Rivian announced that it would cut 10 per cent of its workforce and keep deliveries flat...
...But the Indian company is working on catching up in the shift to electric by launching three of its own electric SUVs this year....
...Is the electric vehicle market starting to run flat?...
...the transition to electric and safeguarding skilled jobs in the UK car industry”....
...The pace of the slowdown has caught several carmakers by surprise, with groups including General Motors and VW pulling back from expanding EV capacity in recent months, and diverting resources into engine...
...U-Power last month signed a deal to supply New York-based EV start-up Olympian Motors with its skateboards....
...India’s biggest steel producer JSW and Chinese carmaker SAIC Motor on Wednesday launched a $1.5bn joint venture to build and sell MG-brand electric vehicles in the world’s most populous country....
...General Motors and Tesla have paused some of their EV expansion plans....
...The Volkswagen-owned luxury brand said it would continue selling its hybrid models into the next decade, watering down a previous plan to sell exclusively electric vehicles by 2030....
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