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Related Special Reports
...Alongside local EV makers including Tata Motors and Mahindra, Vietnam’s VinFast plans to build a $2bn plant in Tamil Nadu....
...It made a net loss of $2.8bn in 2023, something Rawlinson attributed partly to the accounting treatment of its plant....
...BYD already has a bus facility in Hungary, but the company wants a fully fledged car plant to realise its ambition of dominating the European electric vehicle industry by the end of the decade....
...As well as making a new car model at its Derby plant, Toyota is exploring investment in manufacturing hydrogen fuel cells, which would be exported for use in larger Toyota vehicles or to other industries...
...The price tag runs into “multiple millions”. One question is why people have become fixated on expensive customisation....
...The carmaker plans to start a “limited” run of battery vehicles predominantly for the domestic market at its plant in Luton, it said on Thursday....
...That is less than both the wages at Toyota’s vehicle assembly plants and the $40 an hour recently agreed at Ford, GM and Stellantis....
...Tavares raised doubts over the Fiat factory in Turin, home to the company’s founding Agnelli family, and a plant near Naples if Giorgia Meloni’s government refused to further subsidise electric vehicles....
...India’s biggest steel producer JSW and Chinese carmaker SAIC Motor on Wednesday launched a $1.5bn joint venture to build and sell MG-brand electric vehicles in the world’s most populous country....
...Although its market share remains small, BYD aims to begin manufacturing EVs at a new plant in Hungary from the end of next year....
...Tata Motors is the top-selling EV brand in India’s small market for battery-powered vehicles, followed by Chinese-owned MG Motor and Indian brand Mahindra....
...The FT last week reported that Tesla was scouting locations in India for a new EV plant in which it would invest $2bn-$3bn. The company has been through previous rounds of job cuts....
...The demands by the vehicle maker, which also owns Citroën, Fiat, Peugeot and Opel, come as it holds talks with ministers over financial support to convert the plant in Bedfordshire....
...a capacity of 150,000 vehicles....
...Electric vehicle sales growth has slowed in the US, with potential buyers turned off by sparse charging infrastructure and the relatively high price tag compared with combustion engine cars....
...The resulting substantial pay rises and the extension of union protection to plants making electric vehicle batteries are likely to drive up prices....
...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...
...Xiaomi was still able to secure permission for its alliance with state-owned automaker BAIC to manufacture vehicles in a plant located on the outskirts of Beijing, with the capability of making an SU7 every...
...The union wrested big pay rises and other benefits from Ford, General Motors and Stellantis earlier this month after a six-week strike against the companies....
...The move was seen as a lobbying win for Elon Musk’s Tesla Motors as it eyes entry into India’s market....
...General Motors has announced plans to return “significant capital” to shareholders as the US carmaker seeks to move past difficulties with its ambitions for electric vehicles and driverless cars and from...
...The upbeat assessment comes as figures, released by the SMMT on Thursday, showed UK vehicle production rose above 1mn for the first time since 2019....
...Hyundai operates two car plants in the south-eastern city of Chennai, which between them boast an annual production capacity of 820,000 vehicles....
...Hyundai Motor sold its vehicle plant in Chongqing late last year for Rmb1.62bn ($225mn) to downsize its struggling China operations, the South Korean carmaker said on Wednesday....
...In the US, lawmakers have reportedly asked the Biden administration to investigate Chinese companies involved in Ford Motor’s planned Michigan battery plant....
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