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...Another heavily-traded company that until recently was a penny stock is Mullen Automotive....
...In the last quarter, US chip designer Nvidia revealed that revenue from its automotive business fell 4 per cent year over year. In some regards, Apple had the right idea....
...The automotive industry nonetheless expects EVs to become dominant in time as governments push to decarbonise road transport....
...Data from research group Counterpoint shows that in the first six weeks of this year, Apple smartphone sales fell 24 per cent from a year earlier. Huawei sales, by contrast, were up 64 per cent....
...By contrast, many other businesses inside Icahn’s empire, which span automotive services, real estate and even sausage packaging, have struggled to generate meaningful earnings....
...The industry-leading gross profit margin on Tesla’s automotive operations briefly topped 30 per cent in 2021....
...Excluding the effects of regulatory credits, the gross margin from Tesla’s automotive unit — a closely watched measure of its core operations — increased to 17.2 per cent for the quarter, slightly ahead...
...That includes setting up factories and research centres in Europe and North America, as well as forming joint ventures with European and US companies....
...A version of this article was first published by Nikkei Asia on January 16. ©2024 Nikkei Inc. All rights reserved....
...Research from the Rocky Mountain Institute published yesterday argues “there is a clear exponential growth pattern for electric vehicle sales”....
...“It is very hard to measure, but if you look at the readiness of deployment and availability of technology, [China] is probably no more than one or two years behind,” said Raymond Tsang, an automotive technology...
...by Cox Automotive....
...A version of this article was first published by Nikkei Asia on January 26. ©2024 Nikkei Inc. All rights reserved....
...The impact on Japan’s car manufacturing will be monumental,” said Takaki Nakanishi, a veteran automotive analyst who runs his own research group....
...“Right now it’s a hyped-up research project.”...
...Chinese commerce minister Wang Wentao told Dombrovskis on Sunday the rapid development of China’s EV sector had been the result of research and development innovation, free competition and a “complete industry...
...“Carmakers have learnt that if you make a compelling product, Indians are not averse to it,” said Harshvardhan Sharma, head of automotive retail practice at Nomura Research Institute....
...I also side with Ars Technica, ABi Research, and Guidehouse Insights on the likelihood that Tesla is not even in the technological lead for autonomous....
...display lines for automotive screens, the company explained....
...research at the World Platinum Investment Council....
...“We think demand will be good despite probably a contraction in the automotive market as a whole,” he added....
...“There’s new competitors coming at Tesla so [the price cut] was the weapon they used to combat that,” said Cox Automotive analyst Michelle Krebs....
...This explains why the automotive gross margin held steady at 27.9 per cent. In the US, Tesla is the top luxury brand, according to Automotive News Research & Data Center....
...However, there is a risk in expecting too much from the automotive sector, analysts warn, as the global economy battles inflation while cost of living crises in major countries eat into consumer buying power...
...With Tesla ramping up production quickly at giant new plants in Texas and Germany, it now has the added problem of finding many more customers, says Philippe Houchois, a global automotive analyst at Jefferies...
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