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...“Our competitive pricing strategy will be set to compete with traditional premium car brands such as BMW and Audi,” Chen Yu, a Zeekr vice-president, told the Financial Times....
...To remain competitive in China, Jackson said the company needs to stay “agile and cost efficient” to avoid getting sucked into the country’s price war that has seen local brands nursing heavy losses in order...
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...And as government support programmes wind down, the challenge is keeping prices competitive....
...“The reality is the Chinese are able to bring in vehicles at very, very competitive prices,” he said....
...The threat from Chinese companies has only heightened carmakers’ focus on hybrids, which typically have double-digit margins compared with often lossmaking fully electric vehicles....
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...Smaller companies play a big role in Japan’s electric vehicle battery supply chain, indirectly supporting the likes of Toyota Motor and Tesla....
...Sodergren said the company has been expanding its investments in semiconductors in the past six or seven years, including a new site in Austin, Texas, and an expanded team in Sweden....
...Since then, he has shifted incorporation of two of his companies away from Delaware — SpaceX to Texas, and Neuralink to Nevada....
...China’s control over a crucial battery material will make it nearly impossible for any electric-vehicle makers to qualify for the subsidy scheme at the heart of President Joe Biden’s flagship green tech...
...An air of collaboration, especially at foreign companies now largely staffed by Chinese nationals, has not disappeared. But it is now accompanied by mounting competitive pressure....
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...Among west Texas oilmen, the lesser prairie-chicken is a subject that quickly raises hackles....
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...The pause should benefit existing facilities such as Cove Point, potentially creating a new competitive moat for Berkshire and other operators of export terminals....
...In August, it reported investments in flying taxi company Lilium and electric vehicle charging network Allego among others. The companies fit Palantir’s bold outlook....
...Second, break-ups between the local operating companies and AT&T long-distance, and the divestiture of Western Electric, which made telephones. Third, mandatory interoperability....
...Smart reads Driving forward Car companies operating in China plan to bring 71 new battery electric models to market this year....
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...That would be a stretch, to put it mildly, particularly given how competitive the electric vehicle market is becoming....
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