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...This drives scarcity and increases both its prices and the resale value of its cars, helping the company enjoy the best margins in the auto industry....
...In theory, joining forces could mean integrated supply chains and optimised operations....
...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....
...“If you value Tesla just as an auto company you fundamentally have the wrong framework. If you ask the wrong question, the right answer is impossible,” he said....
...The world’s biggest tech show is also a major auto expo, with South Korea’s Kia and Hyundai, Honda of Japan and Mercedes-Benz of Germany all taking part along with numerous suppliers....
...but it’s often the best one can do....
...Best to understand why it came in higher than expected first. The chart below shows the contributions of various components to annual US CPI inflation....
...Analysts said the ongoing price war in China’s auto market could lead to a vicious cycle. “In the case of China, when the price is lower, people think, ‘wait a minute....
...The company is also working with Singapore-based FEST Auto to sell EVs to the European logistics market....
...Ford is reducing production of the F-150 Lightning, the electrified version of its best-selling pick-up truck, and this week it slashed prices on the Mustang Mach-E SUV....
...Used auto prices may now be slightly dropping but cars remain expensive and supply-constrained. The two companies now happen to rely upon each other as counterparties....
...“Four to five years ago no one would have thought that Chinese EVs would have the quality or reliability to compete,” said Tu Le, founder of Sino Auto Insights, a Beijing consultancy....
...The state-owned Global Times, best known for its nationalist bashing of the US, reported the increased investment pledge and quoted Cook as saying: “There’s no supply chain in the world that’s more critical...
...I also believe Uber’s best days are ahead: we have a large, utility-like business that is still in the early days of penetrating its market....
...The world’s tilt towards electric vehicles has set off a global technology race to attract the best talent and secure investments....
...BYD, China’s best-selling EV brand, has continued to grow sales volume and market share, selling about 1.6mn battery EVs last year....
...But this, Bain reckons, is because funds have only been able to sell their best firms, which command the highest multiples. Last year, buyout funds returned $345bn, the lowest in a decade....
...Hybrids, equipped with both batteries and a traditional internal combustion engine, may seem to some like a step backwards for the world’s best-selling EV maker....
...“As an EV maker, if you are not linked to China and you pretend to be the world’s best truck in the EV space, no one’s going to believe you,” said Wen Han, Windrose founder....
...At the same time, the Japanese auto industry is being challenged by other Asian nations....
...A version of this article was first published by Nikkei Asia on April 19 2024. ©2024 Nikkei Inc. All rights reserved....
...“There was an enormous consensus at the end of last year that supply was going to be problematic and the reality has been that the record supply in January has been absorbed extremely well,” said Andres...
...The best means to protect America’s economic future is not a broad retreat from globalisation....
...Meanwhile, buyers burnt by pandemic supply problems have built up stockpiles in Europe....
...“I think it won’t be rubber stamping [Elon’s wishes] any more,” said Philippe Houchois, auto analyst at Jefferies....
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