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...batteries, and a further 155GW in development....
...“If all goes well with iPhone 16 battery supply, Apple plans to move more iPhone battery production to India,” said one of the people close to the company....
...Between 2022 and 2023, Polestar sold about 13,000 battery-run cars to the group....
...Tesla might later also look at setting up its own battery plant, following the “gigafactory” model it has followed at its plants in California, Texas, Berlin, and Shanghai, where suppliers have set up shop...
...A version of this article was first published by Nikkei Asia on April 19 2024. ©2024 Nikkei Inc. All rights reserved....
...Sales of electric vehicles will “grow strongly” this year and could see battery and hybrid models account for one in five cars sold worldwide, according to a bullish forecast from the International Energy...
...The company has been through previous rounds of job cuts....
...Sales of higher-margin combustion engine vehicles help with cash flows while the legacy European companies invest in electric models. The question is how long the breathing space will last....
...A version of this article was first published by Nikkei Asia on May 1. ©2024 Nikkei Inc. All rights reserved....
...Two days later, the company got Chinese influencer Luo Yonghao to sell it via livestream....
...CATL, the world’s largest maker of EV batteries, is slowly moving forward on a share sale in Hong Kong, with a stated aim of bringing in its customers as stakeholders....
...Li Yunfei, general manager of branding and public relations at BYD, said in a recent social media post that the company was starting “a grand showdown with gas cars”....
...Companies including Ford have delayed expansions of their range of EVs, hedging their bets with hybrid models....
...“The whole premise of the gigafactory, the whole point of getting the [battery] pack price down, was to get cheaper cars,” the former executive added....
...China counts pure battery EVs and plug-in hybrids as “new energy vehicles”....
...BYD, which also sells plug-in hybrid vehicles that use a battery and a traditional engine, overtook Tesla in EV-only sales during the final quarter of 2023....
...EVs are still more expensive to make than petrol cars, partly because of the high cost of minerals required for their batteries....
...The fierce competition and smaller profits are also affecting companies in the EV supply chain — notably battery makers....
...into entering Thailand, the region’s second-biggest auto market, BYD holds the position as the biggest EV maker and the third-largest automaker for the overall passenger car market, according to research company...
...said he would step down on the company’s first-quarter earnings call last week....
...Scaringe told investors on an earnings call that the company’s bank of orders had declined....
...Smart reads Driving forward Car companies operating in China plan to bring 71 new battery electric models to market this year....
...To combat these problems, 1Komma5 sells solar power systems, including battery storage and heat pumps....
...BT is not the only company with ambitions in this area: the oil majors are also rolling out chargers, particularly at forecourts....
...It also boasts a high level of vertical integration, including owning one of the world’s biggest EV battery-making companies....
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