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...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...
...Unlike legacy carmakers, Tesla is particularly exposed to the slowdown in battery-powered cars given it exclusively makes EVs....
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...Jefferies has trimmed its forecast for European battery electricity vehicle penetration this year by 1.6 percentage points to 21 per cent....
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...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....
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...China has a clear cost advantage in batteries and other EV technology. This dip in sales could be temporary, and will ease as new models enter the market and costs fall....
...China counts pure battery EVs and plug-in hybrids as “new energy vehicles”....
...“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....
...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....
...The fierce competition and smaller profits are also affecting companies in the EV supply chain — notably battery makers....
...EVs are still more expensive to make than petrol cars, partly because of the high cost of minerals required for their batteries....
...Hybrids, equipped with both batteries and a traditional internal combustion engine, may seem to some like a step backwards for the world’s best-selling EV maker....
...It plans to produce cheaper LFP batteries from 2026 to meet demand for lower-priced models....
...Rivian said it planned to produce 57,000 battery-powered trucks and vans this year, compared with 57,232 produced in 2023. It also announced a 10 per cent cut to its salaried workforce....
...Letter in response to this column: On India’s EV charge sheet — no battery swapping / From Chander Shekhar Dogra, Jalandhar, Punjab, India...
...Drew Baglino, senior vice-president leading Tesla’s engineering and technology development for batteries, motors and energy products, resigned in April and Martin Viecha, its head of investor relations,...
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...batteries are still imported....
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