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...Elon Musk’s decision to lower the price of Tesla vehicles in China in late 2022 sparked savage price cuts across the auto industry, leading to squeezed margins for both legacy multinational auto groups in...
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...Daniel Roeska, an auto analyst with Bernstein, said that consumers had perceived a “chasm” between the industry leaders — Tesla and BYD — and the “traditional [original equipment manufacturers]” such as...
...“The pricing environment for the remainder of the third quarter might become more difficult,” said HSBC auto analysts in a recent note....
...Smart read The boss of French car giant Stellantis has warned that an electric vehicle price war risks creating a “bloodbath” in the auto industry, report Steff Chávez and Peter Campbell....
...The company is expanding among a clutch of Chinese auto groups in Europe, with plans to launch a cheaper brand in the region in 2025....
...“It’s the dollar losing utility as an asset to store trade surpluses,” says John Hathaway, managing partner of Sprott Inc, a Canadian asset manager specialising in metals....
...Auto analyst Basudeb Banerjee at ICICI Securities said Ola Electric’s market share is likely to shrink but “for Ola to operate at about 20, 25 per cent sustainable market share in e-scooters is definitely...
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...Tu Le, founder of Sino Auto Insights, said the US still led China in several of the technologies underpinning key areas of autonomous driving including machine learning and sensors....
...In October, Citi sold its Chinese consumer wealth business to HSBC....
...Expect difficult questions on finance, markets and economics, bespoke Alphaville prizes and a generous bar tab at Houston Hall....
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...“I think it won’t be rubber stamping [Elon’s wishes] any more,” said Philippe Houchois, auto analyst at Jefferies....
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