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InterviewArtificial intelligence
BCG says AI consulting will supply 20% of revenues this year
...A jump in sales at BCG’s AI division also partly offset a slowdown in other parts of the business last year amid a tougher economic backdrop....
April 23, 2024
News updates from March 22: Dozens dead in Moscow attack; Princess of Wales undergoing cancer treatment
Li Auto shares fall after cutting sales forecasts amid EV price war
...While Li Auto became China’s first major EV start-up to turn a profit last year, it is facing a price war and fierce competition in the world’s largest auto market....
March 22, 2024
FT Live
Future of the Car
The technology and new business models shaping the next decade in automotive
Tuesday, 7 MaySancroft, Paternoster Square, London EC4M 7DQ, UK
Electric vehicles
IEA bullish on electric vehicle sales in 2024
...This shift will have major ramifications for both the auto industry and the energy sector.”...
April 23, 2024
Tesla Inc
Tesla steers back towards cheaper cars
...Tesla has cut prices several times — including this week — to buoy sales, although this has led to a collapse in the re-sale value of its cars....
April 25, 2024
BYD Co Ltd
BYD misses profit forecasts as Huawei challenge emerges
...BYD has for much of the past year cornered a market share of about one-third of sales of plug-in hybrid and battery-powered electric vehicles in China....
March 26, 2024
Tesla Inc
Tesla and BYD sales fall as concerns mount over electric shift
...Tesla’s sales figures also “suggested a sharp deterioration in growth” in the US, said Tom Narayan, an auto analyst at RBC Capital Market, while the Model Y and 3, which account for more than 90 per cent...
April 2, 2024
FT Live
Innovation in Wealth Management Summit
Augmented intelligence for client-centric services
Thursday, 2 May9 Montague Close, London, UK
Tesla Inc
Tesla’s biggest problem: cars
...If the auto business is worth 3 or 4 times the multiple of a Stellantis or Volkswagen, then it would get a forward PE of, say, 20x....
April 26, 2024
Tesla Inc
Tesla to cut 10% of global workforce
...The industry association expected Tesla to record sales of about 25,000 units in China this month, a 37 per cent decline from a year earlier....
April 15, 2024
Tesla Inc
Tesla shares rise on plans to accelerate launch of ‘more affordable’ models
...revenue amid a sharp fall in sales....
April 24, 2024
European prime property
Homebuyers find a quieter Côte d’Azur in its hill towns
...Swannie says his sales have fallen by about a fifth in the past year....
April 25, 2024
Unhedged
Where Tesla departs from the Mag 7 Premium content
...I’d want to see comparisons of leadership today to financial performance a decade hence. A single financial measure is not nearly enough, and operating margins are a particularly bad choice....
April 3, 2024
BYD Co Ltd
BYD loses EV throne to Tesla as sales slip
...Analysts said the ongoing price war in China’s auto market could lead to a vicious cycle. “In the case of China, when the price is lower, people think, ‘wait a minute....
April 2, 2024
News updates from April 22: Huw Edwards resigns from BBC; Head of Israeli military intelligence to resign
Shares of Chinese EV makers decline as price war squeezes margins
...Shares in Li Auto dropped 6.1 per cent after the company announced new price cuts across its line-up on Monday morning in an effort to boost slowing sales growth....
April 22, 2024
The FT ViewThe editorial board
The electric vehicle revolution is running out of steam
...The lull in EV sales is having a damaging impact on the auto industry....
April 10, 2024
ReviewBiography and memoir
Change — Édouard Louis’s imitation game
...— auto-fiction....
March 8, 2024
FT Live
TNW Conference 2024 - The Next Web
Europe’s leading tech event for corporates, startups, investors and governments
Thursday, 20 JuneAmsterdam, Netherlands
Special ReportThe Americas’ Fastest Growing Companies
Its blockbuster cystic fibrosis treatment costs $300,000 a year. Now Vertex wants to solve the opioid crisis
...But given the transformative nature of the treatment for a disease with a poor prognosis, the high list price has not held back sales for the pharma group....
April 26, 2024
Tesla Inc
Tesla’s Q1 is going to be a wreck. Will anyone care?
...It was something tenable on the horizon, so was a reason to look past the current EV sales slump....
April 17, 2024
XPeng, Inc
China’s Xpeng to boost spending to survive ‘bloody sea’ of EV competition
...The slowing pace of sales growth has fuelled expectations among auto executives for a wave of consolidation that will leave only a handful of companies in the world’s largest car market....
February 19, 2024
LexElectric vehicles
Slumping EV sales should not ring alarm bells in Europe — yet Premium content
...As long as governments maintain 2035 targets to ban new combustion engine vehicle sales, a tipping point should still come....
April 23, 2024
Gaming
Can Grand Theft Auto VI match its $7.7bn predecessor?
...It knows exactly what to promise: a world where you’ll want to jump into a car, crank up the radio, and just drive, because there’s nowhere else you’d rather be....
December 6, 2023
#techAsia
AI and autos at CES, and Panasonic’s US plans Premium content
...The world’s biggest tech show is also a major auto expo, with South Korea’s Kia and Hyundai, Honda of Japan and Mercedes-Benz of Germany all taking part along with numerous suppliers....
January 11, 2024
Inside BusinessPeter Campbell
The big worry for carmakers: what if the EV slowdown is not a blip?
...US auto manufacturers are privately worried that a second Donald Trump win will lead to a gutting of EV rules....
April 1, 2024
Inside BusinessEdward White
China’s zombie car plant problem
...China’s auto industry is the world’s biggest across sales, production and, since last year, exports....
March 26, 2024
Financial services
How’s the PE Winter looking?
...Last year, 80 per cent of exits were sales to corporate buyers ($271bn). The next most popular exit was sales to other PE firms ($62bn)....
April 25, 2024
Inside BusinessJune Yoon
BYD’s $230,000 electric sports car signals plan to take on VW and Toyota
...For Toyota, hybrid sales increased 47 per cent year on year in the December quarter, far outpacing total group sales growth of a tenth. In Asia, the trend is even more pronounced....
March 5, 2024

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