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...So was GM’s. Cutting costs is also a priority for Apple as sales growth slows. Still, putting a stop to the car may not result in a dramatic reduction in operating expenses....
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...BYD has slashed prices of almost every model in its line-up since the start of the year under the slogan “electricity is cheaper than oil”, followed by its competitors including Geely and SAIC-GM-Wuling,...
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...LGES reported a 40 per cent jump in third-quarter operating profit to Won731bn ($543.5mn) after it increased production at its Ohio plant with GM....
...GM plans to sell 1mn EVs a year by the end of 2025 and Ford has set a target of 600,000 in 2024....
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...The market for EVs is growing increasingly competitive as GM, Ford and start-ups such as Rivian attempt to challenge Tesla’s dominant position....
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...According to OryLab Inc, which runs the café, the goal is to use technology to achieve a new form of social participation....
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GM, Volkswagen, Hyundai and Kia decline to follow competitors as customer demand persists
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...Tech tools — Logitech MX Mechanical Logitech has expanded its Master Series of high-end peripherals with two new mechanical keyboards — the full-size MX Mechanical and minimalist MX Mechanical Mini — and...
...BYD dominated the market with a 30 per cent share in the year to September, 21 percentage points ahead of the next competitor, SAIC-GM-Wuling....
...Lutz, who once held senior roles at Ford, Chrysler and GM, credits Musk with “single-handedly returning a reputation for excellence in technical innovation to the American car industry”....
...They will also tear up the interior office layouts and install new mechanical systems....
...A version of this article was first published by Nikkei Asia on January 13 2023. ©2023 Nikkei Inc....
...SAIC-GM-Wuling, the maker of the Hongguang Mini, posted very thin profit margins last year. BYD operating margins fell below 2 per cent last year....
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