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Bank of China and ICBC in a group of four banks behind £190mn loan that matures end of April
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...It wants to be the biggest seller of EVs “if possible” in Europe, and to account for one in ten battery cars sold in the region by 2030, BYD’s European chief executive Michael Shu told the Financial Times...
...Additional reporting by Michael O’Dwyer and Siddharth Venkataramakrishnan in London...
...Michael Cole told the FT Future of the Car Summit that the business faces increased competition from Chinese carmakers....
...It is building a factory in Hungary, which BYD’s Europe managing director Michael Shu confirmed on Thursday would produce battery electric vehicles and plug-in hybrids....
...European president Michael Shu said the Chinese carmaker planned a “huge investment” in factories, dealers and marketing in the region to convince motorists to buy its electric and hybrid vehicles....
...The European boss of Hyundai, Michael Cole, said the South Korean carmaker had to “sharpen our act” to compete with a wave of low-cost Chinese electric cars that were coming to Europe....
...Michael Christodoulou, analyst at Berenberg, said before the details were revealed: “A potential deal between the two banks would make strategic sense, in our view....
Tech giant pulls plug on ‘Project Titan’ to fund a multibillion-dollar bet on generative artificial intelligence
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...Richard Campbell-Breeden, another director, is expected to be named vice-chair of the board and support chair Romeo Lacher....
...BYD’s European boss Michael Shu told the Financial Times last month that local subsidies were less important than “technology” and “efficiency” in making its vehicles cheaper....
...“Our success is not because of the subsidy, it’s because we have unique technology . . . and our management efficiency is high,” said Michael Shu, European president of BYD, one of China’s leading carmakers...
...Plus the FT’s Owen Walker explains what the exit of HSBC chief executive Noel Quinn means for the bank’s China strategy....
...In Tuscaloosa, the allure of working at Mercedes has faded in recent years as annual pay rises fell behind inflation and the plant hired more staff on temporary contracts, said Michael Innis-Jiménez, a professor...
...“The demand is increasing . . . our Google searches have overtaken Tesla . . . we are going to achieve a lot of things in the European market,” said Michael Shu, managing director of BYD Europe....
...Searching for meaning in the melee, Owen ends up in serious danger....
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...Letter in response to this report:Forget tax cuts, EV owners have more pressing needs / From Michael Cross, Co-Author, ‘The Green Edge’, Portsmouth, Hampshire, UK...
...Additional reporting by Beatriz Langella and Peter Campbell...
...Michael Crichton too. Homo sapiens still lingers, now all but returned to the caves. The sight of actors pottering in loincloths is not the movie’s finest hour....
...As spring swells, so too do publishers’ fiction lists, and among them this year is Andrew O’Hagan’s bravura piece of storytelling, Caledonian Road (Faber & Faber, 22 hrs, 51 mins), read by actor Michael...
Shadow business secretary says party will set targets for local authorities to roll out EV charging points
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