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Tesla Inc
Tesla to cut 10% of global workforce
...The pressure is especially high in China, the world’s biggest auto market and the US EV maker’s second-largest market by sales, where competition between local EV makers and foreign carmakers is heating...
April 15, 2024
BYD Co Ltd
BYD misses profit forecasts as Huawei challenge emerges
...Elon Musk’s decision to lower the price of Tesla vehicles in China in late 2022 sparked savage price cuts across the auto industry, leading to squeezed margins for both legacy multinational auto groups in...
March 26, 2024
FT Live
FTWeekend Festival: U.S. edition
Where the Financial Times weekend paper comes to life
Saturday, 4 MayThe REACH, at the Kennedy Center for the Performing Arts, F Street Northwest, Washington, DC, USA
Tesla Inc
Tesla and BYD sales fall as concerns mount over electric shift
...Tesla’s sales figures also “suggested a sharp deterioration in growth” in the US, said Tom Narayan, an auto analyst at RBC Capital Market, while the Model Y and 3, which account for more than 90 per cent...
April 2, 2024
Tesla Inc
Tesla’s Q1 is going to be a wreck. Will anyone care?
...It was something tenable on the horizon, so was a reason to look past the current EV sales slump....
April 17, 2024
BYD Co Ltd
BYD loses EV throne to Tesla as sales slip
...Analysts said the ongoing price war in China’s auto market could lead to a vicious cycle. “In the case of China, when the price is lower, people think, ‘wait a minute....
April 2, 2024
XPeng, Inc
China’s Xpeng to boost spending to survive ‘bloody sea’ of EV competition
...The slowing pace of sales growth has fuelled expectations among auto executives for a wave of consolidation that will leave only a handful of companies in the world’s largest car market....
February 19, 2024
FT Live
Future of the Car
The technology and new business models shaping the next decade in automotive
Tuesday, 7 MaySancroft, Paternoster Square, London EC4M 7DQ, UK
The FT ViewThe editorial board
The electric vehicle revolution is running out of steam
...The lull in EV sales is having a damaging impact on the auto industry....
April 10, 2024
Unhedged
Where Tesla departs from the Mag 7 Premium content
...Yet sales, the same data set predicts, will lag even further behind. EV interest last year resulted in sales of 9.5mn vehicles, but the figure is only expected to be 9.8mn this year....
April 3, 2024
Inside BusinessJune Yoon
BYD’s $230,000 electric sports car signals plan to take on VW and Toyota
...Less than two years into entering Thailand, the region’s second-biggest auto market, BYD holds the position as the biggest EV maker and the third-largest automaker for the overall passenger car market, according...
March 5, 2024
Rivian Automotive, Inc.
Electric-truck maker Rivian projects no production growth in 2024
...Sales grew by 55 per cent between January 2022 and January 2023....
February 21, 2024
Elaine Moore
Chat apps have conquered office life — is that a good thing?
...Sales growth has fallen. In the last quarter, it was 16 per cent, down from 33 per cent the previous year. The co-founders have left....
March 15, 2024
Sega Sammy Holdings Inc
Sega Sammy launches €706mn offer for Angry Birds maker Rovio
...According to a 2020 industry report by Daikoku Denki, total sales of the Japanese pachinko industry shrank from ¥25.5tn in 2014 to ¥14.6tn in 2021, while gross profits fell from ¥3.9tn to ¥2.4tn over the...
April 17, 2023
Inside BusinessSujeet Indap
Hertz and Carvana: what their diverging fortunes tell us
...Even as car sale volumes are still depressed compared with peak levels, unit profitability has reached record levels and the operating profits and cash flow have turned slightly positive....
November 30, 2023
BYD Co Ltd
China’s BYD moves closer to unseating Tesla as EV leader
...Daniel Roeska, an auto analyst with Bernstein, said that consumers had perceived a “chasm” between the industry leaders — Tesla and BYD — and the “traditional [original equipment manufacturers]” such as...
January 1, 2024
Tesla Inc
Tesla strikes in Sweden are ‘insane’, says Musk
...Unions in Norway, one of Europe’s biggest markets for electric vehicle sales, said they will stop Teslas destined for Sweden being unloaded in the neighbouring Scandinavian country....
November 23, 2023
FT Live
TNW Conference 2024 - The Next Web
Europe’s leading tech event for corporates, startups, investors and governments
Thursday, 20 JuneAmsterdam, Netherlands
Electric vehicles
Tesla rival Nio secures $2.2bn investment from Abu Dhabi fund
...Monthly sales of plug-in hybrid and pure battery cars in China rose above 1mn for the first time in November, according to data from Automobility, a Shanghai consultancy....
December 18, 2023
News in-depthNIO, Inc
Inside Nio: Electric car group’s boss William Li and his fight for survival
...He is effectively China’s Elon . . . if we are looking at branding, looking at bold moves,” said Tu Le, founder of Beijing-based advisory company Sino Auto Insights....
December 29, 2023
#techAsia
Asians woo Tesla, Taiwan’s Kinsus mulls Malaysia substrate play Premium content
...At the same time, the Japanese auto industry is being challenged by other Asian nations....
January 18, 2024
Tesla Inc
Tesla overtaken by China’s BYD as world’s biggest EV maker
...of Beijing-based advisory company Sino Auto Insights....
January 2, 2024
Due Diligence
Private equity takes over golf Premium content
...“I think it won’t be rubber stamping [Elon’s wishes] any more,” said Philippe Houchois, auto analyst at Jefferies....
February 1, 2024
News in-depthElectric vehicles
Chinese electric vehicle groups braced for wave of consolidation
...A collapse in sales among scores of auto groups in China is fuelling expectations for a wave of consolidation that will leave only a handful of companies in the world’s largest car market....
October 17, 2023
Berkshire Hathaway Inc
Warren Buffett’s Berkshire Hathaway sells stocks as cash pile swells to record levels
...However, the company’s fractional private jet ownership business NetJets reported a jump in demand from wealthy clients, and its auto dealerships reported rising sales of new vehicles....
November 4, 2023
#techAsia
Telecom chips move in-house and the US takes aim at TikTok Premium content
...“Honestly, we feel like there’s an opportunity for a company from Vietnam like us to be a global company when the auto industry is going through a very structural change,” Thuy said....
March 14, 2024
Driverless vehicles
China challenges the west for driverless car supremacy
...Tu Le, founder of Sino Auto Insights, said the US still led China in several of the technologies underpinning key areas of autonomous driving including machine learning and sensors....
January 31, 2024
Electric vehicles
China’s EV suppliers look to leverage superior tech to recouple with west and drive expansion
...The company is also working with Singapore-based FEST Auto to sell EVs to the European logistics market....
February 18, 2024

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