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InterviewCATL
China’s ‘battery king’ dismisses solid-state EV commercialisation as years away
...The vaunted solid-state battery for electric cars is still years away from commercialisation with “a lot of showstoppers” blocking its development, said the head of the Chinese company that dominates the...
March 27, 2024
Schneider Electric SE
Schneider Electric weighs deal for software maker Bentley Systems
...French software and automation company Schneider Electric has said it is in talks over a potential deal with Bentley Systems, a US software specialist with a market value of roughly $15.6bn....
April 19, 2024
FT Live
Infrastructure Investment in Latin America and the Caribbean
Identifying opportunities for investors and asset managers
Wednesday, 12 June237 Park Avenue, New York, NY, USA
LexElectric vehicles
Xiaomi can still accelerate on its electric car launch Premium content
...At first glance, the optimism around the launch of Xiaomi’s SU7 electric car is surprising: Xiaomi would be losing money on its basic model....
April 2, 2024
Artificial intelligence
Booming AI demand threatens global electricity supply
...“Demand for data centres has always been there, but it’s never been like this,” said Pankaj Sharma, executive vice-president at Schneider Electric’s data centre division....
April 17, 2024
The Big Read
The ambitions of China’s BYD stretch well beyond electric vehicles
...“The main bottleneck to commercialisation of the electric vehicle was its price relative to its predecessor,” he adds. “Affordability wins.”...
April 25, 2024
Live news: Ukraine pressures draft-age men abroad to join war effort
What to watch in North America today
...Investors will be keen to learn more about its plans for its self-driving “robotaxis” and its progress on a cheaper electric car known as Model 2....
April 23, 2024
FT Live
Future of Asset Management North America
New models for the next age of fund management
Wednesday, 25 SeptemberNew York, NY, USA
News updates from April 10: US inflation rises faster than expected; KPMG fined $25mn in cheating scandal
VW Group says electric-only deliveries to Europe fell by a quarter
...Volkswagen Group said its deliveries of battery electric vehicles to Europe in the first three months of this year fell by a quarter compared with the same period in 2023, compounding the challenge facing...
April 10, 2024
Inside BusinessJune Yoon
BYD’s $230,000 electric sports car signals plan to take on VW and Toyota
...Its announcement to invest $14bn to develop smart cars to take on rivals in the premium segment last month follows its launch of its electric supercar and luxury off-road hybrid sport utility vehicle....
March 5, 2024
LexNissan Motor Co Ltd
This Nissan-Honda team will struggle to match EV rivals Premium content
...That gives it more resources to catch up on electric offerings, with strong hybrid sales bridging the transition....
March 18, 2024
Natural gas
AI revolution will be boon for natural gas, say fossil fuel bosses
...Peter Herweck, head of energy management group Schneider Electric, also doubted that gas would benefit as much as people selling the fossil fuel claimed....
April 1, 2024
News in-depthXiaomi Corp
The Steve Jobs of China turns car salesman in Xiaomi’s EV evolution
...“It’s been a huge weight on my mind.”...
April 5, 2024
Electric vehicles
MG’s Chinese owner and Indian steelmaker JSW team up to build electric vehicles
...SAIC will own 49 per cent, as it dilutes control of its Indian unit....
March 20, 2024
Rivian Automotive, Inc.
Electric-truck maker Rivian projects no production growth in 2024
...GM has delayed plans to build electric versions of its Chevrolet Silverado and GMC Sierra trucks....
February 21, 2024
Sport
Formula E puts new grid spot up for sale as it tests electric racing demand
...Formula E is looking for a new team to join its circuit, testing demand for electric car racing and pitching a far more affordable entry point to motorsport than Formula One at a time when valuations are...
April 5, 2024
Albemarle Corp
Top lithium producer Albemarle downgrades 2030 demand forecast as EV shift slows
...Albemarle, the world’s largest lithium producer, has downgraded its 2030 demand forecast for the key battery ingredient by 10 per cent as it now sees the shift to electric cars in the US and Europe taking...
February 16, 2024
FT Live
Innovative Lawyers Awards North America
Celebrating innovations from both law firms and in-house teams in the region
Monday, 9 DecemberGotham Hall, Broadway, New York, NY, USA
News in-depthElectric vehicles
Was Toyota’s bet on hybrid cars right all along?
...range, said it would reintroduce the technology as it acknowledged that customers were taking longer than expected to embrace fully electric models.Ford, which bet on hybrids as an interim technology, predicts...
February 26, 2024
Nissan Motor Co Ltd
Nissan looks for partnerships to cut electric vehicle costs
...The group will maintain its long-term alliance with Renault and Mitsubishi Motors in certain markets such as Europe, south-east Asia and Latin America....
March 25, 2024
Nikola Corp
Nikola rejects Trevor Milton board nominees after fraud sentence
...Nikola will not support a slate of board nominees proposed by its founder Trevor Milton, putting a dent in his plan to regain influence over the troubled electric truck start-up after he was convicted of...
February 9, 2024
Nestlé S.A.
Nestlé sales miss forecasts as higher prices hit demand
...Schneider admitted he “underestimated” the problem but promised to fix it....
February 22, 2024
Toyota Motor Corp
Toyota raises profit forecast as hybrid sales soar
...The buoyant sales of hybrid electric vehicles counter concerns from some analysts that Toyota is not moving fast enough towards pure battery-electric vehicles (BEVs)....
February 6, 2024
EU economy
Industrialists call for deeper political union in EU on energy
...Peter Herweck, new chief executive of Schneider Electric, the industrial software and equipment group that ranks in the top 100 European companies by revenue, said a deeper political union “would resolve...
November 14, 2023
Rare earths
The rare earths mine becoming a bellwether for US minerals policy
...That gives Beijing a near-monopoly on permanent magnets used in electric vehicles, wind turbines and fighter jets....
April 21, 2024
Electric vehicles
‘Simply good’ Chinese electric cars power ahead of inferior US rivals
...The weak demand in the US has prompted Ford to cut production of its F-150 Lightning electric truck and scale back on a battery plant in Michigan....
March 3, 2024
Letter
Letter: EV infrastructure is a job for car and battery makers
...This was the route Tesla took, followed by Ford in North America and, more modestly, Hyundai and Kia in the UK....
April 19, 2024
Inside BusinessPeter Campbell
Electric vehicle failures offer lessons for the next boom
...The global battery rush and broader electric vehicle boom are still in full tilt, attracting a glut of businesses large and small....
November 24, 2023

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