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...The job cuts come as the slowdown in sales of EVs makes waves across the global car industry, with companies across the supply chain from South Korea to Germany slashing jobs and costs....
...Cui Dongshu, secretary-general of the industry body, projected a 22 per cent surge in Chinese sales of NEVs in 2024....
...The world’s biggest tech show is also a major auto expo, with South Korea’s Kia and Hyundai, Honda of Japan and Mercedes-Benz of Germany all taking part along with numerous suppliers....
...Figures from INA, Mexico’s trade body for auto parts suppliers, show that 33 Chinese-owned companies with Mexican operations sent $1.1bn worth of parts to the US in 2023, up from $711mn in 2021....
...“If you value Tesla just as an auto company you fundamentally have the wrong framework. If you ask the wrong question, the right answer is impossible,” he said....
...Analysts say that one of Wang’s most important achievements came in 2022 when BYD cracked “cell-to-body”, or “cell-to-chassis”, technology....
...These are hard calls and we’re in no position to forecast the EV supply-demand balance....
...Used auto prices may now be slightly dropping but cars remain expensive and supply-constrained. The two companies now happen to rely upon each other as counterparties....
...This led the company to crack “cell-to-body” technology, which sandwiches together the EV battery cell with a car body. Wang’s unforgiving business model has led to complaints about worker treatment....
...The auto industry is particularly vulnerable because of its “just in time” manufacturing processes, without large stockpiles....
...The company is also working with Singapore-based FEST Auto to sell EVs to the European logistics market....
...Russia’s enriched uranium makes up 30 per cent of EU supply....
...When California tightened its auto emission rules a decade ago, German carmakers had to change their systems — even at home....
...GLP-1s accounted for more than half of auto-injector pens produced by one unnamed contract manufacturer cited by Evercore analysts....
...At the same time, the Japanese auto industry is being challenged by other Asian nations....
...Wang Chunru, a member of China’s top political advisory body, the Chinese People’s Political Consultative Conference, said he was using a Huawei device....
...The display industry features much less prominently than chips or batteries in debates on economic security and supply chain resilience....
...Yuzawa said: “Gigacasting is going to reshape the whole underbody supply chain network.”...
...Speaking to reporters this week, he said his company’s most immediate challenge was the volatile prices of displays, which have been fluctuating violently due to supply gluts....
...But it had better luck before the International Trade Commission, a body set up more than a century ago to manage US tariffs....
...The SMMT’s Hawes said the new sales mandate could “compel supply, but it can’t compel demand”....
...However, the industry body retracted the commitment two days later, citing a violation of anti-monopoly laws....
...But data from analytics group Airfinity shows European countries including the UK, France, Spain and Italy could have made the medication more accessible without using up supplies, as more than 1.5mn five-day...
...Let’s not forget supply chain worries....
...One industry expert echoed that point, saying demand for EVs is still good, but the supply is better....
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