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...The carmaker is developing a cheaper vehicle to go on sale late next year, but has not yet said where the car — which has been dubbed “Model 2” by Tesla observers — will be manufactured....
...VW is balancing falling sales in China with a desire to increase its presence in the US at a time of growing political tension between the two countries....
...And that will be how cars work. You just summon the car using your phone. You get in. It takes you to a destination. You get out....
...Sales of battery electric and plug-in hybrid cars could rise more than 20 per cent to reach 17mn this year, up from just under 14mn in 2023, and grow to account for as much as two-thirds of global sales...
...Instead of stocking the cars at the dealers, they are collected at the car terminal,” said the Port of Antwerp-Bruges, whose port at Zeebrugge is Europe’s busiest port for car imports....
...Tesla has cut prices several times — including this week — to buoy sales, although this has led to a collapse in the re-sale value of its cars....
...In Europe, both the “woke” movement and much of the alt-right reaction against it are American imports. And the US isn’t even trying to do this....
...In the first three months of 2024, EV sales growth slowed and the percentage of EV cars on the road dropped, according to JD Power....
...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....
...The Indian government even put on a voluntary import moratorium on rough stones in the final quarter to protect its polishers and cutters....
...But one day, he says, Tesla and SpaceX may create something that is not “even really a car”. The Technoking is the reason Tesla remains the most distinctive car company in the world....
...In particular, De Beers and the platinum metals division have been misfiring, partly because of structural threats to demand from lab-grown diamonds and declining combustion engine car sales....
...Tesla has already reported an 8 per cent fall in car sales in the first three months of the year compared with the same period in 2023....
...But to do that it needs cheaper cars, not robotaxis. elaine.moore@ft.com...
...Cutting costs is also a priority for Apple as sales growth slows. Still, putting a stop to the car may not result in a dramatic reduction in operating expenses....
...Tesla still makes more than 80 per cent of its revenue from selling cars....
...Joe Biden has ordered an investigation into whether Chinese “connected” vehicles, including electric cars, pose a security risk to Americans, as he tries to prevent China from flooding the US market....
...Mathias Miedreich, chief executive of Umicore, said sales of Chinese electric cars were surging in contrast to the US because of better performance and affordability....
...Dear reader, A wave of cheap imports from China disrupting European or US markets is hardly a new phenomenon....
...Electric car sales in Brazil are starting to take off, presenting a threat to the company’s core ethanol business....
...Management at BYD, which already exports cars to more than 70 countries, has told investors that they believe they can increase overseas sales from nearly 250,000 cars in 2023 to between 2mn-3mn cars in...
...The only full-priced sale was apparently to Ehang itself. So why did my contact say Xpeng’s dual-mode flying car was a joke? Basically he thinks Xpeng is trying to do too much....
...However, the growth in China’s EV industry, which now accounts for more than 30 per cent of domestic passenger vehicle sales, has masked the staggering decline in sales of non-EVs....
...Data from the China Passenger Car Association showed that Chinese sales of pure battery cars and plug-in hybrids, which the government counts as “new energy vehicles”, or NEVs, rose 36 per cent last year...
...In the US, they rose nearly two-thirds last year, outpacing the 46 per cent increase in EV sales. Total hybrid sales of about 1.2mn cars matched EV sales figures....
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