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...Much of that growth came from China, where two-thirds of electric cars were already cheaper to purchase than their petrol equivalents, the IEA found....
...Thousands of imported vehicles, many of them electric cars made in China, are clogging up European ports....
...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...
...A version of this article was first published by Nikkei Asia on May 1. ©2024 Nikkei Inc. All rights reserved....
...From 2025, European carmakers must comply with new standards for average fleet CO₂ emissions. Some are offering discounts on BEVs to avoid fines next year....
...The electric-car maker’s market value jumped 787 per cent to $669bn by the end of that December, but has since slipped back to $589bn....
...The world’s second-biggest economy is Tesla’s biggest market outside the US and a vital part of the supply chain for its electric vehicles....
...When Berkshire Hathaway announced the acquisition of MidAmerican Energy in 1999, Warren Buffett hailed the Iowa gas and electric utility as squarely in the conglomerate’s “sweet spot”....
...BYD has for much of the past year cornered a market share of about one-third of sales of plug-in hybrid and battery-powered electric vehicles in China....
...seller of battery electric vehicles....
...“Many incumbent OEMs rushed into electric vehicles without appreciating the far-reaching technological and design difference between combustion and electric vehicles,” he said....
...Xiaomi sales surged 34 per cent to attain a 14 per cent market share, as the Beijing-based electronics group experienced a wave of publicity surrounding the debut of its electric car....
...Sporting a fresh cropped haircut, Nio co-founder and chief executive William Li was greeted like a rock star by tens of thousands of devoted fans on Saturday night as he took to the stage at the Olympic...
...For example, US carmaker General Motors has committed to selling only electric vehicles by 2035, presenting its legal team with many challenges....
...Chinese companies across the electric vehicle supply chain said lower costs and technological leadership would help them secure western deals despite geopolitical tensions and security concerns....
...A version of this article was first published by Nikkei Asia on April 19 2024. ©2024 Nikkei Inc. All rights reserved....
...Elkann’s Exor scores big win on Philips John Elkann, scion of Italy’s Agnelli family dynasty, made an unusual €2.6bn bet last August on a troubled Dutch maker of electric toothbrushes and hospital monitoring...
...“For any doubters left in the west, I hope this is the final data point that points to BYD’s strength and, as importantly, how ‘China EV Inc’ has bullied its way on to the global stage,” said Tu Le, founder...
...The future appeared bright for Shanghai electric vehicle start-up Aiways when it was founded in 2017....
...Smart reads Driving forward Car companies operating in China plan to bring 71 new battery electric models to market this year....
...Prized energy business faces upheaval When Berkshire announced the acquisition of MidAmerican Energy in 1999, Buffett hailed the Iowa gas and electric utility as squarely in the conglomerate’s “sweet spot...
...He’s letter comes at a time Brussels and Washington are increasingly concerned about excessive electric vehicle manufacturing capacity in China....
...The price for an electric vehicle averaged $50,700 — down 22 per cent from a year earlier....
...The editorial team can be reached at techasia@nex.nikkei.co.jp....
...In China — the world’s biggest car market — BYD and Tesla soak up 43 per cent of electric vehicle sales. “Tesla need not worry too much,” said Dunne....
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