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Overcapacity and EV-maker bankruptcies have led to a throttling back on issuance of production licences
Energy watchdog’s forecast runs counter to sentiment among many carmakers struggling to sell battery-run vehicles
...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....
...Luca de Meo, Renault’s chief executive, has called for the EU to adopt an Airbus-like approach to EV production, with more industrial co-operation and public investment....
...The editorial team can be reached at techasia@nex.nikkei.co.jp....
Warren Buffett-backed company loses some market share to sanctions-hit Chinese telecoms group
More competition and flagging demand in the Chinese market hit leading battery and plug-in hybrid vehicle makers
...So a co-head structure is agreed pretty much explicitly along colonial lines; one co-head is the voice of the bank in the business and the other is the voice of the business in the bank....
...In South Korea, hybrid cars accounted for nearly a third of all new registrations last month, according to the Korea Automobile & Mobility Association, adding to sales growth of more than 40 per cent last...
...A version of this article was first published by Nikkei Asia on April 19 2024. ©2024 Nikkei Inc. All rights reserved....
...Musk has been so successful as a visionary co-founder and entrepreneur at companies including Tesla and SpaceX that the usual rules of business hardly seem to apply to him....
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Strong sales increase pressure on US pioneer to keep crown as top seller of purely electric vehicles
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...Using a right to sympathy action, cleaners, postal staff and dockworkers have stopped co-operating with Tesla — preventing it from receiving registration plates for cars or even unloading them from ships...
The former professor has turned the Chinese carmaker into the world’s best-selling EV manufacturer within a decade
...“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...
Consumer appetite for battery-powered cars and trucks has fallen short of industry expectations
Geely-owned division lost $353mn in six months, as it lines up reverse merger on to New York’s Nasdaq
...The CYVN injection comes days after co-founder and president Lihong Qin said higher interest rates were making it harder to raise money....
...A version of this article was first published by Nikkei Asia on February 7. ©2024 Nikkei Inc. All rights reserved....
...A set of aggressive Wall Street firms including Apollo Global Management struck a co-operative debt restructuring with Carvana, convinced that the company was turning the corner to a more sustainable trajectory...
...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...
...However, Matt Sheehan, an expert on US-China technology co-operation and competition for the Carnegie Endowment for International Peace, a Washington think-tank, argues that the US needs to recognise where...
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