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...Tesla will this month send a team to scout locations in India for a proposed $2bn-$3bn electric car plant, according to two people with direct knowledge of the electric vehicle company’s plans....
...The legislative dodge undercuts the law’s intent to bolster North American EV manufacturing while upholding its climate change goals by giving consumers more choices to go electric....
...India’s government has set targets to increase the proportion of electric motor sales to 30 per cent of all private cars and 80 per cent of two and three-wheelers by 2030, a large jump from current market...
...After overtaking Tesla as the world’s largest electric-vehicle maker last year, BYD has started releasing higher end models, the latest being its Yangwang U9 electric sports car with that price tag, to try...
...Sales growth of electric cars has slowed in the past year, with carmakers increasingly forced to discount models in order to generate sufficient consumer demand, while companies from General Motors and Ford...
...Ford and General Motors have paused plans to expand their EV manufacturing capacity in recent months, and last week Rivian announced that it would cut 10 per cent of its workforce and keep deliveries flat...
...Of Tesla’s total quarterly sales of $21.3bn, 82 per cent were indeed “automotive revenues” while the rest were energy and services....
...Tesla is cutting more than 10 per cent of its workforce — at least 14,000 jobs — as a worldwide EV slowdown and brutal price war hit the American automaker....
...Then, last week, fellow start-ups Rivian and Lucid Motors also announced lacklustre results, sending their shares tumbling....
...These factories have helped BYD corner the market for electric buses....
...Other creditors include Savills, LinkedIn, Amazon Web Services, and an immigration agency....
...“The American ones [producers] seem to struggle to bring good electric vehicles [to market].”...
...The news is another sign of tougher conditions for the electric vehicle sector. Rivian went public in late 2021 with a market capitalisation of more than $100bn — bigger than Ford and General Motors....
...Fink said at the time that the debate references were “a sad commentary on the state of American politics”....
...Quick links BHP has made a $39bn bid for Anglo American. Aside from securing copper tonnes on the cheap, Lex can’t see many benefits....
...US carmakers including Ford, General Motors and Tesla have all recently paused plans to expand EV manufacturing capacity....
...Meanwhile, American companies will also be launching mass-market options for customers unable or unwilling to buy a Tesla....
...metal to General Motors....
...Smaller companies play a big role in Japan’s electric vehicle battery supply chain, indirectly supporting the likes of Toyota Motor and Tesla....
...It is the second-largest domestic producer of industrial robots and an important maker of motors and other components for electric vehicles....
...Good morning and we start with Apple’s decision to abandon a secret project to build an electric vehicle....
...“Toyota doesn’t do this stuff out of the kindness of their hearts,” said Paul Hohenshell, a production worker with 25 years of service....
...The owner of the Fiat, Peugeot and Jeep brands on Wednesday said its capital expenditure commitment for the five years to 2030 was a record by any carmaker for the South American automotive industry....
...Gil West, a former chief operating officer of Delta Air Lines and General Motors’ Cruise self-driving car unit, will be replacing him. Instead of enjoying a boom, Hertz is in trouble again....
...Looking back in five years, we may conclude that electric cars were made for American suburbia and for almost nowhere else....
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