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...Lee Hang-koo, executive adviser at the Korea Automotive Technology Institute, said the French move by itself would have a limited impact on Hyundai and Kia sales in the country....
...Japan and Korea are the other largest exporters....
...Kim Dong-myung, head of the advanced automotive battery division of Korea’s LGES, says that producing them is “too costly” and there will be “very limited applications”....
...It already has plants in India, Vietnam, Indonesia and Brazil,” said Lee Hang-koo, executive adviser at the Korea Automotive Technology Institute....
...Russia and North Korea have worked very hard to be self-sufficient, with limited supply chains, and it has not worked out well for them....
...Quigley, at Brewin Dolphin, is also seeing a surge in the number of continental European clients....
...March 2023 was as good as it gets,” said John Bozzella, chief executive of the Alliance for Automotive Innovation....
...China is in many ways coming closer to Nato,” Jens Stoltenberg, the military alliance’s secretary-general said on a visit to South Korea and Japan this week....
...Plans to make an electric van at the site were first reported by Automotive News Europe....
...Without battery production capacity in the UK, analysts warn the car industry will eventually leave Britain for continental Europe....
...“That would be an unbelievably high cash flow risk for us,” he added, pointing out that semiconductors also had a limited shelf life, because they could easily be contaminated....
...Countries such as China, Taiwan and South Korea have invested billions over decades to support their chip manufacturers....
...The Japanese automotive industry will be on the forecourt in force, with Nissan, Toyota, Mitsubishi, Mazda, Honda and Suzuki all revealing their latest quarterly numbers, in another busy week for earnings...
...But so far the sanctions have steered clear of Russia’s oil and gas sales — intended to spare the energy industry from what would otherwise be a brutal blow.Gas prices in the UK and continental Europe dropped...
...The country’s pandemic social distancing rules remain strict by global standards — dining out is still limited to groups of five people — and many long for a change of scenery....
...(Nikkei Asia) South Korea’s SK Innovation and Ford Motor of the US team up to build an automotive battery plant in Turkey....
...House prices continue to race higher, in November registering their strongest three-month growth in about 15 years, as a limited supply of homes for sale and low interest rates support the market....
...in continental Europe, where Intel has promised to spend $20bn on semiconductor manufacturing....
...The UK, which has very limited storage capacity, is especially vulnerable to higher energy costs....
...But despite the homegrown strengths touted by Breton, the strategy will rely heavily on buying in foreign expertise and knowhow, most likely supplied, at least initially, by US-based Intel given the limited...
...“When someone has 73 per cent market share [of the global automotive electric battery market], it’s difficult to knock them off their perch,” he said, explaining his bet on hydrogen....
...But most carmakers keep limited inventory, relying instead on “just in time” delivery of components to preserve cash....
...“We need to acknowledge that there is no single automotive industry; instead we have several clusters.” Recent announcements underline the varying causes of the sector’s problems....
...But the boom raises the question of whether the island’s limited labour, water and power resources can meet longer-term demand growth....
...In the US, TSMC’s commitment is also more limited than it may seem from the $12bn it has said it will invest....
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