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...Tesla will this month send a team to scout locations in India for a proposed $2bn-$3bn electric car plant, according to two people with direct knowledge of the electric vehicle company’s plans....
...Another heavily-traded company that until recently was a penny stock is Mullen Automotive....
...A national champion created in 2010 through a government-orchestrated merger of the chip units of Hitachi, Mitsubishi Electric and NEC, Renesas uses Altium’s software design tools for its own development...
...GM has delayed plans to build electric versions of its Chevrolet Silverado and GMC Sierra trucks....
...The group will maintain its long-term alliance with Renault and Mitsubishi Motors in certain markets such as Europe, south-east Asia and Latin America....
...The results come at a turbulent time for Musk and the electric vehicle sector....
...Carmakers from America to Europe to Asia are already facing rising costs from new technology development and tougher emissions rules, while also struggling to develop cheap electric vehicles that they can...
...Look at the company’s spending decisions and it seems as if everything is targeted towards addressing the 13 per cent drop in automotive revenues....
...Inchcape warned last month that demand in its South Americas market this year was likely to be towards historic lows, as inflation and interest rates have continued to drag on household finances....
...Nissan chief executive Makoto Uchida is blunt on the need for new partners, although the company insists its alliance with Renault and Mitsubishi Motors will not be unwound....
...The automotive industry nonetheless expects EVs to become dominant in time as governments push to decarbonise road transport....
...A version of this article was first published by Nikkei Asia on February 7. ©2024 Nikkei Inc. All rights reserved....
...“In 2019, Tesla created a frenzy at the Cybertruck reveal by claiming the electric pickup’s starting price would come in below $40K,” said Jessica Caldwell, an analyst at automotive industry insights platform...
...China’s BYD overtook Tesla as the world’s top electric-vehicle manufacturer in the fourth quarter of 2023, delivering 1.58mn fully electric cars....
...It is focused on ‘flex-fuel’ hybrid vehicles, which along with an electric component can run on petrol and ethanol....
...Stellantis, which already manufactures EVs in Europe and North America, aims to produce fully electric vehicles as soon as 2026 in South America, said Tavares, adding it would depend on bringing down costs...
Delaware court previously voided chief executive’s $56bn remuneration
...Oddly, Apple never confirmed the existence of its electric, self-driving car project. The cost of development was not made explicit in expenses....
...The US electric-vehicle maker most recently offered incentives worth as much as Rmb34,600 ($4,800) to lure Chinese consumers to purchase Model 3 sedans and Model Y sport utility vehicles....
...That includes setting up factories and research centres in Europe and North America, as well as forming joint ventures with European and US companies....
...While America's carmakers worked to develop electric pick-up trucks, Korean rival Hyundai went smaller — and won bigger....
...Werthein, Argentina’s ambassador to the US who attended the meeting with Musk, told Argentine media that the pair had also “discussed investment opportunities” for Tesla in lithium, the metal crucial to electric...
...Almost one in five cars sold worldwide this year will be an electric vehicle, the organisation said....
...“With this guidance and the clarity that it will provide, we’re ensuring that the US electric vehicle future will be made in America,” said John Podesta, Biden’s top clean energy adviser....
...And that is what Nissan and Honda, traditionally arch-rivals in the Japanese automotive market, are doing....
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