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Related Special Reports
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...on a drive by companies and governments to limit their energy consumption....
...Drew Baglino, senior vice-president leading Tesla’s engineering and technology development for batteries, motors and energy products, announced on X today that he would leave after 18 years at the auto group...
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...S&P declined to comment and Visible Alpha did not respond to a request for comment....
...Thousands of imported vehicles, many of them electric cars made in China, are clogging up European ports....
...Elon Musk’s Tesla and Chinese rival BYD both reported sharp falls in electric car sales, adding to concerns of the slowing shift towards electric vehicles....
...Apple has cancelled its efforts to build an electric car as it pivots to focus research funding on generative artificial intelligence, according to a person familiar with the matter....
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...The weak demand in the US has prompted Ford to cut production of its F-150 Lightning electric truck and scale back on a battery plant in Michigan....
...China counts pure battery EVs and plug-in hybrids as “new energy vehicles”....
...It highlighted the energy security benefits of renewables, nuclear power and energy efficient technologies such as electric cars and heat pumps, that reduce consumers’ exposure to volatile fossil fuel prices...
...In China, it plans to launch eight such “new energy” vehicles and begin exporting cars made in the country from next year....
...Xi told Scholz that Chinese exports of goods such as electric vehicles and solar panels “enriched global supply and alleviated global inflationary pressures” while helping to speed up the green energy transition...
...battery electrics, and the Tang hybrid SUV in recent weeks....
...It can take years for new renewable energy projects such as wind farms to gain regulatory approval and be connected to the grid....
...But its status as the electric car champion — and one with a stock market valuation still dwarfing that of rivals — leaves Tesla particularly exposed....
...As the energy transition gathers speed, economies reliant on oil and gas risk losing trillions of dollars in revenue thanks to the hit on fossil fuel demand....
...Ford will cut output of the electric version of its popular F-150 pick-up....
...But the list of problems for Tesla’s business is long and growing: price cuts pinching margins, Chinese electric vehicle competition, bad corporate governance, political risks and now falling volumes....
...And there is growing concern that if it does not get its energy projects built and connected to the grid, the US and the world cannot reach net zero....
...Ben Guest, managing director of the new energy division at Gresham House, said National Grid is underusing battery storage that is already incorporated in the system, although it is seen as a crucial part...
...The company pushed back its forecast for peak oil demand “by a few years to the early 2030s”, said Hardy, because of slowing adoption of electric vehicles and the expectation that demand from some emerging...
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