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...A potential UK plant would focus on electric cars but could also produce petrol and hybrid models for both of Chery’s brands, depending on demand, Zhang said....
...BYD aims to topple Volkswagen, Tesla and Stellantis and become the largest battery-electric vehicle seller in Europe this decade, a top executive said....
...Much of that growth came from China, where two-thirds of electric cars were already cheaper to purchase than their petrol equivalents, the IEA found....
...Nissan and Honda began talks in January, and the scope of their co-operation includes software, core EV components and auto-intelligence technology....
...up a complete industrial chain with great resilience and competitiveness”....
...Under the plan, Nissan will launch 30 models over the next three years, about half of which will be electric vehicles, plug-in hybrid cars and other electrified versions....
...Japanese carmakers, meanwhile, are staying the course on hybrid vehicles rather than shifting to fully electric cars....
...But manufacturers are still forced to meet tightening CO₂ emissions targets in Europe, as well as electric vehicle sales quotas in the UK....
...Luca de Meo, Renault’s chief executive, has called for the EU to adopt an Airbus-like approach to EV production, with more industrial co-operation and public investment....
...Through new partners and manufacturing technology, Nissan has said it wants to bring down the cost of electric vehicles by 30 per cent by 2030....
...That gives it more resources to catch up on electric offerings, with strong hybrid sales bridging the transition....
...During its drafting, several carmakers won key concessions, including being allowed to use significant reductions in overall CO₂ emissions to offset poor EV-only sales....
...Nissan wants to forge new partnerships, after scaling back its alliance with France’s Renault, and is planning a tie-up with Honda to develop electric cars....
...Rhodium calculated that the average punitive duty across all sectors where the EU has found subsidies is 19 per cent, if the affected companies co-operate, as Chinese carmakers BYD, SAIC and Geely have done...
...The chief executives of the two Japanese groups on Friday said the scope of their co-operation would include software, core EV components and auto intelligence technology....
...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....
...Just when China’s electric car prices seemed like they could go no lower, BYD has announced one of its most aggressive rounds of price cuts yet....
...The Biden administration plans to raise tariffs on Chinese electric vehicle imports from 25 per cent to 100 per cent, as it intensifies efforts ahead of the US election to protect American industry....
...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...
...The European Commission is investigating electric car imports from China and is widely expected to raise tariffs in the coming months....
...One response, advocated by Renault chief Luca de Meo, is for the EU to adopt an Airbus-like approach to production, with more industrial co-operation and public investment....
...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....
...“Europe’s industrial strategy is totally missing,” said De Meo, who also heads the European carmakers’ association, ACEA....
...Inspired by China’s rising electric mobility, Gupta convinced his wife Rashi Agarwal, who ran a fashion business, to help him co-found Zypp Electric in 2017....
...The plant in north-west England makes smaller electric vans....
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