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...The Chinese group plans to manufacture electric cars and batteries at a new site in Szeged, in the south of the country, according to three people briefed on the plans....
...Honda is falling further behind in the battery EV race after scrapping a $5bn plan to develop affordable battery-powered cars with General Motors last year....
...Honda already has an alliance with General Motors to use its battery technology, though it did not specify whether this partnership would be affected....
...Volkswagen is considering partnering with other carmakers to produce cheaper electric vehicles to help it compete with a coming wave of lower-cost rivals from China....
...Ford and General Motors have paused plans to expand their EV manufacturing capacity in recent months, and last week Rivian announced that it would cut 10 per cent of its workforce and keep deliveries flat...
...After overtaking Tesla as the world’s largest electric-vehicle maker last year, BYD has started releasing higher end models, the latest being its Yangwang U9 electric sports car with that price tag, to try...
...Uwe Hochgeschurtz, by cutting costs from its new electric Citroën e-C3, which sells for £23,000....
...“The percentage of EVs that we’re leasing has gone up dramatically,” said Bill Stephens, general manager of Norm Reeves Hyundai Superstore in California....
...The surge in output is expected to strengthen China’s dominance over the production and price of a metal used in electronics, electric cars and aviation....
...General Motors and Tesla have paused some of their EV expansion plans....
...The news is another sign of tougher conditions for the electric vehicle sector. Rivian went public in late 2021 with a market capitalisation of more than $100bn — bigger than Ford and General Motors....
...Chinese electric-vehicle makers appear to be taking over the world. The reality is more that BYD is powering ahead of a large number of sputtering domestic competitors....
...Volvo said it was targeting an 8 per cent margin by 2026, through higher margins on new electric cars, as well as cost cuts across the business....
...and electric cars “to last us well into the 2030s”....
...Good morning and we start with Apple’s decision to abandon a secret project to build an electric vehicle....
...General Motors scaled back plans for its self-driving Cruise unit last year following an accident while testing on public roads, while Ford pulled out of the technology altogether to focus on driver-assistance...
...global dominance and challenging storied incumbents such as General Motors, Ford and Volkswagen....
...metal to General Motors....
...The second-hand value of the top-10 selling battery cars in the US, including models from Tesla, General Motors and Ford, fell an average of 28 per cent in 2023, data from CarGurus and compiled by HSBC show...
...The Sunderland plant, which started production in 1986, is Britain’s largest electric car factory....
...In general Italian EV subsidies in 2023 ranged from €2,000 to €7,500 — depending on emissions and the car’s price tag — and were less generous than some other European nations....
...General Motors is launching an all-electric range fronted by its Cadillac brand in Europe this week, six years after the US carmaker sold its mass-market brands in the region following a long struggle with...
...China’s Ministry of Commerce said it would encourage domestic electric vehicle companies to co-operate with foreign businesses as the country manages fallout from a trade dispute with the EU over the sector...
...In China, battery-electric and hybrid car deliveries should increase by a quarter this year, down from over a third in 2023....
...Ford has scaled back plans for an EV battery plant, while General Motors and Tesla have paused some of their EV expansion efforts....
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