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...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...
...“All actors need to move,” she told the Financial Times....
...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....
...Third, a repricing of climate risks has led to a sharp rise in the cost of property catastrophe reinsurance — or insurance for insurance companies....
...property....
...The involvement of a prominent state-owned bank signals a new level of impatience among creditors as a cash crunch for property developers continues to worsen....
...UK car insurance prices fell at the start of 2024 in the first quarter-on-quarter drop in more than two years, signalling some relief for households after costs hit an all-time high....
...It is 28 per cent owned by the Shenzhen Metro, occupying a middle ground between a private and state-owned company....
...Musk is also seeking to change the company’s state of incorporation to Texas, partly in protest at a Delaware court decision to void a $56bn pay package he was awarded in 2018....
...China has detained an executive of Evergrande’s vehicle unit, threatening to further complicate the outlook for the restructuring of the world’s most indebted property group....
...But in New York, some of the best properties coming to market are now sitting for months....
...Vietnamese property tycoon Truong My Lan has been sentenced to death by a court in Ho Chi Minh City for embezzling more than $12bn in the country’s largest financial fraud, state media reported....
...The carmaker will also aim to launch an EV powered by emerging solid-state-battery technology in fiscal 2028....
...UK car insurance prices fell at the start of the year in the first quarter-on-quarter drop in more than two years, signalling some relief for households after costs hit an all-time high last year....
...Microsoft, which owns Excel, said the company remained a “key technology partner for companies across financial services broadly, and insurance specifically”....
...Car insurance prices have soared in recent years, reaching an all-time high last year according to one industry index, as insurers tried to reprice their policies to absorb spiralling inflation in the cost...
...Insurance isn’t the flashiest business sector. We’d all rather talk about electric vehicles or hydrogen technology....
...These factors have added extra challenges for insurers in a market where the wider inflationary pressures have driven the price of motor insurance for all vehicles to an all-time high....
...“Toyota from the very beginning has said, ‘this is all quite complicated — we need to take our time and pursue multiple pathways’.”...
...“All major car ports” were struggling with congestion, the port added, without specifying the origin of the vehicles....
...Thousands of imported vehicles, many of them electric cars made in China, are clogging up European ports....
...and workplace insurance products such as pensions....
...In addition, many US states — including those most prone to flooding, such as Florida — do not require sellers to disclose a property’s flood risk to buyers....
...Reinsurers, including Lloyd’s companies, are expected to bear the brunt....
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