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...Lucid is also planning a smaller, more affordable vehicle from 2026 that will be produced first at a factory in Saudi Arabia that the company is building....
...Indian steelmaker JSW last month launched a $1.5bn tie-up with China’s SAIC Motor to build and sell EVs in India....
...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....
...On a conference call, Musk refused to be drawn on specific plans for an affordable “next generation vehicle” or how it would be produced using Tesla’s current infrastructure....
...It also has an alliance with General Motors in fuel-cell vehicles and self-driving technology, but the two carmakers last year scrapped plans to jointly develop affordable EVs owing to differences over cost...
...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....
...But what if BYD, mostly known for its affordable EVs, wants not only to cut into Tesla’s market share, but to challenge the world’s two biggest automakers, Toyota and Volkswagen?...
...That requires a large customer base, hence Tesla’s transition from high-end, six-figure vehicles to more affordable models and deals with Uber and Hertz....
...Apple’s event also featured a redesigned Pencil stylus for its tablets and a more affordable version of its larger 13-inch iPad model....
...A version of this article was first published by Nikkei Asia on May 1. ©2024 Nikkei Inc. All rights reserved....
...These rules won’t provide a quick solution to shortages of affordable homes to rent. New short-term lets that are not used as the owner’s sole or main home will in future require planning permission....
...Extreme pricing pressure is forcing affordable vehicles on Tesla, irrespective of whether it chooses to launch one....
...Walmart had hoped to leverage its vast store footprint to become a destination for affordable healthcare and vice versa....
...But now leasing is “a pretty financially compelling option”, she said, because applying the tax credit makes the monthly payments more affordable....
...The rising cost of home insurance and motor insurance has exacerbated cost-of-living pressures on households....
...Ford, General Motors and Tesla have all pumped the brakes on expanding EV production capacity in recent weeks....
...The share price rose in after-hours trading following news that Tesla was planning more affordable vehicles next year, despite the company opting not to confirm a date for its anticipated $25,000 model....
...But an affordable Tesla that costed about $25,000 “will drive greater EV adoption” overall, Morningstar analyst Seth Goldstein said....
...Recently it has signed contracts with several rivals, including Ford, General Motors and Rivian, to use its NACS charging standard....
...the antitrust regulator sued to block an $8.5bn tie-up between the owners of Michael Kors and Coach, saying the deal would end “head-to-head” competition between the groups’ brands, which specialise in affordable...
...The move was seen as a lobbying win for Elon Musk’s Tesla Motors as it eyes entry into India’s market....
...Daihatsu’s affordable lightweight vehicles are widely popular in Indonesia and Malaysia....
...“This deal threatens to deprive consumers of the competition for affordable handbags, while hourly workers stand to lose the benefits of higher wages and more favourable workplace conditions”....
...To follow on from your correspondent Lord Lea (“Electric car narrative is getting too much PR spin”, Letters, July 26), it cannot escape anyone’s attention that motor manufacturers are attracting large taxpayer...
...The transaction is also the latest in a series of takeovers in the UK motor retail sector where consolidation has meant only Vertu and Caffyns remain....
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