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...Drew Baglino, senior vice-president leading Tesla’s engineering and technology development for batteries, motors and energy products, announced on X today that he would leave after 18 years at the auto group...
...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....
...At the same time, the Japanese auto industry is being challenged by other Asian nations....
...The emphasis on cost has underpinned the group’s vertical integration, from supplies of resources to batteries and computer chips....
...One industry expert echoed that point, saying demand for EVs is still good, but the supply is better....
...The display industry features much less prominently than chips or batteries in debates on economic security and supply chain resilience....
...Gigacasting using aluminium is also one response to the way that massively heavy auto batteries are reshaping how cars are designed. “Battery tech is driving gigacasting tech....
...Let’s not forget supply chain worries....
...Philippe Houchois, auto analyst at Jefferies, said the latest saga might spark governance changes. “It is too risky for the board to carry on as it is,” he said....
...Sales of electric models, like the auto industry as a whole, are improving because as the supply chain crisis has eased, manufacturers are no longer struggling as much to obtain the parts necessary to build...
...“If you have more than 20 per cent of your market cap tied up in Apple in a year like this, you’ll have that move the dial on Berkshire’s share price.”...
...Lithium is a key component in batteries for electric vehicles and will be pivotal as the auto industry switches from combustion engines to EVs over the next couple of decades....
...China also dominates the supply of parts for electric vehicles — one reason why Chinese company CATL, the world’s largest battery maker, remains so prominent in the US auto sector....
...I would say it’s being in the auto industry.” The company now was emphasising “design for manufacturability”, he said....
...The group, which sells thermal batteries for heating, is targeting sales in Europe where electricity prices have skyrocketed, he said....
...The area is deeply dependent on the auto industry, which employs about 44,000 people in a region with a population of 1mn, but has been hit by closures....
...“The battery part is still on hold but [its] the whole auto plant, which I understand will be very big.”...
...Related stories Chinese auto chips only: Inside Xi’s self-sufficiency campaign Japan to boost scrutiny over foreign investments in chips, batteries Samsung faces dilemma on tough US chip subsidy rules...
...Lithium is not the only part of the battery supply chain on the receiving end of an impending influx of investment....
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...Other alterations have reduced prices, such as offering black paint for free in Ireland. Previously only white was included, with other colours costing extra....
...The Shenzhen-based company is highly self-sufficient, controlling its local supply chain of minerals and batteries as well as computer chips and other electronics....
...auto supply chains How success in hybrid cars turned Japan into an EV laggard...
...That has left it facing a “perfect storm”, he adds, with supply increasing, demand slipping and competition intensifying, all on the brink of what could be a severe downturn for the global auto industry....
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