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...Public records show only two approvals for new electric car production since the start of the year....
...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...
...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....
...“Many incumbent OEMs rushed into electric vehicles without appreciating the far-reaching technological and design difference between combustion and electric vehicles,” he said....
...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....
...There are electric gates and landscaped gardens....
...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....
...Accolade has already been selling smaller brands, including its Tasmanian vineyard Bay of Fires, to lower its debt....
...The future appeared bright for Shanghai electric vehicle start-up Aiways when it was founded in 2017....
...“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...
...Hudson Bay Capital, Reverence Capital Partners and hedge fund Citadel are co-investing in the deal which closes on Monday....
...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....
...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....
...The editorial team can be reached at techasia@nex.nikkei.co.jp....
...Some players in the auto industry want to slow the electric transition....
...Cook spent Wednesday meeting Apple’s Chinese suppliers, including the head of electric-car maker BYD and executives from Lens Technology and Changying Precision Technology....
...The CYVN injection comes days after co-founder and president Lihong Qin said higher interest rates were making it harder to raise money....
...At midnight last night the biggest US car workers’ union began its first ever co-ordinated strike against all three of the major Detroit carmakers....
...Herb Allen, the president of Allen & Co, the PGA Tour’s adviser, is set to tee off on Pebble Beach on Thursday morning....
...Byton, a Chinese-German electric vehicle brand co-founded by former BMW and Nissan executives, also bet big on China. Four years later, the picture is bleaker....
...In 2017, an earlier campaign drove the company to cut the size of its electric-generating fleet and refine its focus on selling retail electricity in competitive power markets....
...It was set up in 2015 as a fuel-buying joint venture between two large Japanese utility companies, Tokyo Electric Power and Chubu Electric Power....
...“A race is on worldwide to succeed in the solid-state battery space,” says Peter Bruce, co-founder and chief scientist of the Faraday Institution, a British battery research institute....
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