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...The job cuts come as the slowdown in sales of EVs makes waves across the global car industry, with companies across the supply chain from South Korea to Germany slashing jobs and costs....
...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....
...These are hard calls and we’re in no position to forecast the EV supply-demand balance....
...Used auto prices may now be slightly dropping but cars remain expensive and supply-constrained. The two companies now happen to rely upon each other as counterparties....
...The company is also working with Singapore-based FEST Auto to sell EVs to the European logistics market....
...At the same time, the Japanese auto industry is being challenged by other Asian nations....
...Speaking to reporters this week, he said his company’s most immediate challenge was the volatile prices of displays, which have been fluctuating violently due to supply gluts....
...“Four to five years ago no one would have thought that Chinese EVs would have the quality or reliability to compete,” said Tu Le, founder of Sino Auto Insights, a Beijing consultancy....
...Let’s not forget supply chain worries....
...One industry expert echoed that point, saying demand for EVs is still good, but the supply is better....
...Philippe Houchois, auto analyst at Jefferies, said the latest saga might spark governance changes. “It is too risky for the board to carry on as it is,” he said....
...Lotus Technology said its “supply chain efficiency also relies heavily on Geely”....
...The display industry features much less prominently than chips or batteries in debates on economic security and supply chain resilience....
...With demand for capital outstripping supply, investors won’t need to take large risks, in our view, to generate compelling returns....
...Sales of electric models, like the auto industry as a whole, are improving because as the supply chain crisis has eased, manufacturers are no longer struggling as much to obtain the parts necessary to build...
...at stake was Walkers’ Sensations Poppadoms, part of the “oriental crackers and poppadoms” range of potato products created by the company’s “authentic flavours” wing (we’re not sure what non-Sensation[al...
...say Jonas et al. Yes it can! Look! And look! And look! That’s Tesla on an EV of 28.3 times 2025 ebitda, per Morgan Stanley forecasts, which is more expensive than Nvidia’s 25.3 times ebitda....
...“It’s an impressive beast, but it’s a beast,” said Philippe Houchois, an auto analyst at Jefferies who was one of the handful selected to try it....
...But within a few minutes’ drive lie the warrens of al-Shati and Jabalia refugee camps — and then, Gaza City, the heart of the militant group’s political and military machinery....
...Yuzawa said: “Gigacasting is going to reshape the whole underbody supply chain network.”...
...remains high and supply constraints will continue this year....
...I would say it’s being in the auto industry.” The company now was emphasising “design for manufacturability”, he said....
...Lithium is a key component in batteries for electric vehicles and will be pivotal as the auto industry switches from combustion engines to EVs over the next couple of decades....
...TikTok is hogging more and more of the screen time of 1bn global users, while sales by electric vehicle makers such as BYD are pushing China towards the top of global auto export tables....
...The area is deeply dependent on the auto industry, which employs about 44,000 people in a region with a population of 1mn, but has been hit by closures....
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