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...Other creditors include Savills, LinkedIn, Amazon Web Services, and an immigration agency....
...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....
...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...
...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...
...Then, last week, fellow start-ups Rivian and Lucid Motors also announced lacklustre results, sending their shares tumbling....
...metal to General Motors....
...“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....
...Meanwhile, American companies will also be launching mass-market options for customers unable or unwilling to buy a Tesla....
...Good morning and we start with Apple’s decision to abandon a secret project to build an electric vehicle....
...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....
...Looking back in five years, we may conclude that electric cars were made for American suburbia and for almost nowhere else....
...A number of EV makers have recently scaled back expansion plans, including Ford and General Motors, while rental group Hertz is selling one-third of its electric fleet to buy more petrol vehicles....
...For example, US carmaker General Motors has committed to selling only electric vehicles by 2035, presenting its legal team with many challenges....
...The share of electric cars sold in the UK declined for the first time in 2023, down to 16.5 per cent from 16.6 per cent in 2022, according to figures released by the Society of Motor Manufacturers and Traders...
...U-Power last month signed a deal to supply New York-based EV start-up Olympian Motors with its skateboards....
...Nikola will not support a slate of board nominees proposed by its founder Trevor Milton, putting a dent in his plan to regain influence over the troubled electric truck start-up after he was convicted of...
...Tata Motors is the top-selling EV brand in India’s small market for battery-powered vehicles, followed by Chinese-owned MG Motor and Indian brand Mahindra....
...Ford’s F-150 Lightning electric truck starts from $42,000, while General Motors has launched an electric Hummer, which starts from $80,000 and weighs almost five tons....
...The company has sought to capitalise on the shift to electric cars by developing ultrarapid charging hubs for these types of vehicles....
...Ford, General Motors and Tesla have all pumped the brakes on expanding EV production capacity in recent weeks....
...Shanghai’s state-owned carmaker SAIC Motor, for example, had its 15 per cent tax rate for being a “high-tech enterprise” renewed four times since 2008....
...While Ola Cabs has been locked in a fierce battle with American rival Uber, Aggarwal said he was “very happy” with the business....
...The American tech titan announced in January that it had used advanced artificial intelligence to discover new materials for solid-state batteries....
...Oddly, Apple never confirmed the existence of its electric, self-driving car project. The cost of development was not made explicit in expenses....
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