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...Lemonade, whose shares have fallen more than 70 per cent since its first day of trading in New York in 2020, provides a range of insurance including for homes, pets and cars to customers in the US and Europe...
...Much of that growth came from China, where two-thirds of electric cars were already cheaper to purchase than their petrol equivalents, the IEA found....
...The editorial team can be reached at techasia@nex.nikkei.co.jp....
...Luca de Meo, Renault’s chief executive, has called for the EU to adopt an Airbus-like approach to EV production, with more industrial co-operation and public investment....
...That puts BYD in direct competition with gasoline cars....
...While the company has long had ambitions to enter the car market, some experts have previously questioned how it could succeed in the face of US sanctions....
...Returning to their cars afterwards, they found one ripped up and strewn across the bonnet....
...Data from the China Passenger Car Association showed that Chinese sales of pure battery cars and plug-in hybrids, which the government counts as “new energy vehicles”, or NEVs, rose 36 per cent last year...
...Xiaomi sales surged 34 per cent to attain a 14 per cent market share, as the Beijing-based electronics group experienced a wave of publicity surrounding the debut of its electric car....
...Job moves Microsoft has hired Mustafa Suleyman, the co-founder of Google’s DeepMind and chief executive of artificial intelligence start-up Inflection, to run a new consumer AI unit....
...These range from striking deals for the supply of semiconductors and materials for car batteries to securing partnerships to develop vehicle-charging infrastructure....
...Earlier this month, China’s commerce ministry and eight other agencies announced plans to support the “healthy development” of the country’s overseas EV expansion, including co-operating more with foreign...
...Despite Musk’s earlier derision, BYD has been on some car executives’ radar for a few years....
...“For any doubters left in the west, I hope this is the final data point that points to BYD’s strength and, as importantly, how ‘China EV Inc’ has bullied its way on to the global stage,” said Tu Le, founder...
...Five years after listing on New York’s Nasdaq stock exchange, Nio still loses $12,000 for every car that rolls off its production lines, president and co-founder Lihong Qin told the Financial Times recently...
...Just last week, we brought you the tale of the co-head drama inside the bank....
...Still, Musk said high interest rates were hurting demand for the company’s cars as they swelled owners’ monthly car payments....
...Apple co-founder Steve Jobs is said to have taken a strong personal interest in Siri, seeing it as the precursor to more powerful language assistants that might one day change the way people get things done...
...Wang initially focused on making rechargeable batteries, including for early cell phones, but expanded into the car industry in the early 2000s....
...However, Matt Sheehan, an expert on US-China technology co-operation and competition for the Carnegie Endowment for International Peace, a Washington think-tank, argues that the US needs to recognise where...
...Cook spent Wednesday meeting Apple’s Chinese suppliers, including the head of electric-car maker BYD and executives from Lens Technology and Changying Precision Technology....
...Herb Allen, the president of Allen & Co, the PGA Tour’s adviser, is set to tee off on Pebble Beach on Thursday morning....
...A version of this article was first published by Nikkei Asia on April 19 2024. ©2024 Nikkei Inc. All rights reserved....
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