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...It hopes to offer services in areas that encompass Indonesia’s digital economy as well as the electric vehicle ecosystem, which includes nickel....
...Toyota has already unwound some of its cross-shareholdings to mobilise resources for the massive investments needed in battery electric vehicles and technology....
...It can also use traditional trade defence measures, such as the antisubsidy investigation it launched last year into Chinese electric vehicles....
...Vauxhall owner Stellantis started production of electric vans at Ellesmere Port, while JLR announced eight new electric models and its owner Tata Motors has committed £4bn to a UK battery factory....
...That gives it more resources to catch up on electric offerings, with strong hybrid sales bridging the transition....
...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...
...Apple may have halted its efforts to build an electric car but Chinese smartphone maker Xiaomi is accelerating....
...Consumers would balk at buying more expensive fully electric cars, Toyota repeatedly warned....
...Nikola will not support a slate of board nominees proposed by its founder Trevor Milton, putting a dent in his plan to regain influence over the troubled electric truck start-up after he was convicted of...
...The buoyant sales of hybrid electric vehicles counter concerns from some analysts that Toyota is not moving fast enough towards pure battery-electric vehicles (BEVs)....
...The global battery rush and broader electric vehicle boom are still in full tilt, attracting a glut of businesses large and small....
...Toyota sold 104,018 pure-electric vehicles in 2023 and is targeting 123,000 in its fiscal year to the end of March, lower than a previous target of 202,000....
...Strong sales of hybrids have compensated in 2023 for its slow rollout of electric vehicles....
...But of that total just a tiny fraction, about 104,000 cars, were battery electric cars....
...Analysts also said that the growing adoption of plug-in hybrid electric vehicles, which also have smaller batteries, would also lower lithium demand....
...The mandate is to look for deals across all assets, including base and precious metals in addition to commodities in demand for electric vehicle production....
...Trevor Milton, the founder of electric and hydrogen-powered truckmaker Nikola, was sentenced to four years in prison on Monday for lying to investors about the readiness of his start-up’s technologies in...
...But it makes many more parts of a car than just electric car batteries....
...For example, US carmaker General Motors has committed to selling only electric vehicles by 2035, presenting its legal team with many challenges....
...Japanese conglomerate Panasonic has signed a deal to buy silicon from a start-up US company for use in electric vehicle batteries, a boost for Washington’s multibillion-dollar push to rival China in the...
...Volvo will integrate casting into its third generation of electric vehicles later this decade....
...Musk’s electric vehicle company Tesla has held talks with Indian officials about building an EV factory in the world’s most populous country. X did not immediately respond to a request for comment....
...The moves come after a judge in Delaware, Kathaleen McCormick, voided a planned $56bn pay award from Tesla, the electric-car company he runs, late last month....
...VW last year announced €5bn worth of investments in China, as it has come under pressure to halt its falling market share amid growing competition from Chinese electric vehicle start-ups....
...sitting on these assets and we want to use them for investing in growth so that the Toyota group can be stronger,” Yamamoto said, saying the priority was to shift assets to invest in technologies such as electric...
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