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...The California-based lossmaking electric vehicle maker topped the monthly trading leaderboard five times in 2023, even as its shares plummeted 99 per cent....
...The IEA forecast that growing exports from Chinese brands would lead to “downward pressure on purchase prices” in other markets over time, helping to drive adoption....
...Critics fear it will drive businesses out of the UK....
...But an affordable Tesla that costed about $25,000 “will drive greater EV adoption” overall, Morningstar analyst Seth Goldstein said....
...French software and automation company Schneider Electric has said it is in talks over a potential deal with Bentley Systems, a US software specialist with a market value of roughly $15.6bn....
...It also trimmed its forecast for 2025 to 1.1mn bpd, citing greater fuel efficiencies and more electric vehicles as a drag on oil use....
...Ola Electric also aims to produce electric cars and has been designing batteries that it hopes to put into commercial production this year, after missing Aggarwal’s previous 2023 deadline....
...“If a car can drive in Wuhan . . . I’m pretty sure it can drive in any other city in the world,” he said. Current Baidu executives declined to be interviewed....
...I can’t see King Charles III with his head under the bonnet of the Aston Martin DB6 Volante Convertible that he lent William for his wedding, or the electric E-Type Jag that Harry used, but that’s the same...
...Heavily used communal vehicles, such as buses and taxis, should go electric, too. But an electric car doesn’t make sense for individual urbanites. Few of them drive enough....
...Corporate results: Japan’s Nidec Corporation, which manufactures the electric motors used in hard-disk drives, China Tourism Group and Ping An Insurance Group announce quarterly results....
...Vietnamese carmaker VinFast has agreed to build an electric vehicle plant in southern India’s Tamil Nadu state in an investment worth up to $2bn, marking its foray into the world’s third-largest car market...
...Lower input prices should drive down the cost of batteries, supporting margins. That ultimately will help to make EVs cost-competitive with traditional internal combustion engines....
...Along with the U9 sports car, BYD has launched new versions of its plug-in hybrid cars and an aggressive marketing drive to expand in this market....
...But the Indian company is working on catching up in the shift to electric by launching three of its own electric SUVs this year....
...He cited lithium, a critical material for electric vehicle components of which Australia exports about half of the world’s supply but only captures 0.5 per cent of the value chain....
...and electric cars “to last us well into the 2030s”....
...The resulting substantial pay rises and the extension of union protection to plants making electric vehicle batteries are likely to drive up prices....
...Her purchases come at a time when Wall Street’s outlook on the electric- vehicle maker is darkening rapidly....
...Chinese companies across the electric vehicle supply chain said lower costs and technological leadership would help them secure western deals despite geopolitical tensions and security concerns....
...“This is a tax on people who can least afford it, people who drive long distances to get to work . . . They want to take away your gas car....
...Yet the never-ending quest to drive prices lower is only part of Tesla’s strategy....
...CATL, not surprisingly, has been on an aggressive marketing drive to win over other automakers in the US and Europe in recent months....
...Nadal also has a link to Saudi Arabia as one of the team owners in E1 Series, a new Saudi-backed electric powerboat circuit that gets under way next month in Jeddah....
...But if politicians cannot persuade consumers to buy EVs, will they tear up their net zero pledges, or turn to other measures to drive EV sales?...
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