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...giant to taper its electric ambitions....
...“The reason that the supply shocks of the ’70s-’80s became entrenched was central banks didn’t understand the role of inflation expectations and the cost of living adjustments in many labour contracts,”...
...Thousands of imported vehicles, many of them electric cars made in China, are clogging up European ports....
...Elon Musk’s Tesla and Chinese rival BYD both reported sharp falls in electric car sales, adding to concerns of the slowing shift towards electric vehicles....
...Known as “Project Titan”, Apple’s electric vehicle project was an example of its attempts to diversify beyond its hit product, the iPhone, which still makes up about half of its global sales....
...Moreover this trend is set to continue as the uptake of electric vehicles — part of the UK’s push to hit net zero emissions by 2050 — cuts the number of drivers paying at the pump....
...“We are hard-pressed to think of any other precedent of a company of Tesla’s size basing its path of success on such binary bets,” writes Barclays, apropos the latest thing:https://twitter.com/elonmusk/status...
...The company has been through previous rounds of job cuts....
...But there is a strategy behind the Chinese electric vehicle giant’s move to widen its range of offerings — not only by price point but also by fuel type....
...But its status as the electric car champion — and one with a stock market valuation still dwarfing that of rivals — leaves Tesla particularly exposed....
...The factory, which opened in March 2022, employs 12,500 people and produces 6,000 electric vehicles a week. But Tesla has ambitious plans to expand capacity from 500,000 cars a year to 1mn....
...But the list of problems for Tesla’s business is long and growing: price cuts pinching margins, Chinese electric vehicle competition, bad corporate governance, political risks and now falling volumes....
...GM has delayed plans to build electric versions of its Chevrolet Silverado and GMC Sierra trucks....
...In total, the UK has nearly 54,000 public charging points compared with 1mn fully electric vehicles, a ratio of just over 18:1....
...On Tuesday, Apple announced to its staff it would abandon a years-long effort to develop an electric vehicle that could compete with the likes of Tesla, instead switching its research funding towards building...
...EVs are still more expensive to make than petrol cars, partly because of the high cost of minerals required for their batteries....
...Sullivan also appeared to confirm the death of Marwan Issa, Hamas’s number three military official in Gaza in an Israeli air strike in central Gaza two weekends ago....
...The surplus of cobalt from the CMOC mines in the central African nation helped to halve the metal’s annual average price to $15.10 in 2023 compared with 2022, the lowest annual average price since 2016....
...Analysis: Toyota’s championing of the hybrid model of electric vehicle development looks prescient, say industry insiders....
...First, they decided that the century-old company would reposition itself as a forward-looking “mobility” group that would stand out in a crowded field with a fleet heavy on Tesla’s electric vehicles....
...Shareholder backing of Musk’s pay deal will also potentially cancel a payout of $5bn in shares that would have been made to lawyers who worked on the case....
...China’s BYD overtook Tesla as the world’s top electric-vehicle manufacturer in the fourth quarter of 2023, delivering 1.58mn fully electric cars....
...stadium in Xi’an, China’s ancient central capital....
...US national security adviser Jake Sullivan on Tuesday said the crucial issue involved was a question of “ownership”....
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