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...According to Schmidt Automotive Research, Chinese brands like BYD as well as brands such as Polestar that manufacture in China accounted for almost 10 per cent of the fully electric cars registered in western...
...As well as its battery-electric cars, the brand will also sell and produce plug-in hybrid vehicles in Europe, partly because the region has been slow to install charging infrastructure, Shu said....
...“The fact they don’t offer financial details makes us think the fashion line isn’t going so well, or at the very least not as well as Ferrari had anticipated when it launched,” said one....
...Microsoft and Nvidia are also backing London-based Wayve in what is Europe’s largest ever AI financing, the Financial Times’ Peter Campbell, Tim Bradshaw and David Keohane report....
...But manufacturers are still forced to meet tightening CO₂ emissions targets in Europe, as well as electric vehicle sales quotas in the UK....
...Hyundai is considering making hybrid vehicles as well as electric ones in its new $7.6bn plant in the US, in the face of slower than expected demand....
...Unions in Norway, one of Tesla’s biggest European markets, are discussing how to organise workers there as well as whether to take sympathy action over the Swedish strike....
...Executives in energy-intensive industries, such as steel and chemicals, as well as politicians, have begun warning of “creeping deindustrialisation” sweeping over Europe’s largest economy....
...Stellantis makes electric vans at Ellesmere Port for export, and some at its Luton plant as well....
...Philippe Houchois, an automotive analyst at Jefferies, said the company was going through a “painful transition”, with a similar performance expected in the coming quarter as well....
...Aside from ammunition — for which Rheinmetall last year signed multiyear contracts with the Bundeswehr worth €4.6bn as well as with Ukraine for €1.7bn — the company also sold combat vehicles, military trucks...
...Some Chinese carmakers are exploring manufacturing locally in Europe as well. BYD confirmed in January that it will build a new car plant in Hungary to produce electric vehicles....
...In their interviews, both Vera-Gray and Barton come across reflections on identity and loneliness as well as the search for meaning....
...Last week British Airways owner IAG reported record full-year profits, noting that prices were “holding up well”....
...The report stands in stark contrast to comments from carmakers, who warn that interest in battery cars among mainstream consumers is falling as they are put off by the vehicles’ higher prices as well as...
...Well, at least for now. Peter Campbell is the FT’s global motor industry correspondent. He’s here to talk about the booming hybrid market. Hi, Peter. Peter CampbellHello....
...The company’s joint venture with Kyiv-owned Ukroboronprom has already begun to repair military vehicles locally — both Leopards and Panthers donated by the west as well as old Soviet models — returned from...
...Additional reporting by Gloria Li in Hong Kong and Peter Campbell in London...
...Models from other carmakers will be able to use its branded charging stations, potentially bringing Tesla a significant revenue stream, as well as establishing it as the de facto industry standard....
...But the company has been hamstrung by funding needs and losses, as well as internal turmoil caused by multiple changes of leadership in a brief period....
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