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...In total, the stock has lost about three quarters of its value since listing in 2021, though this is a smaller fall than for many other EV start-ups, some of which have gone bust....
...Lamborghini, 90 per cent whose Korea sales last year were as company vehicles, recorded a 22 per cent fall in the first quarter from a year earlier....
...types of vehicles....
...One customer requested wood from his own forest be used in the interior, while another put €400,000 worth of carbon fibre on to the vehicle, the company said....
...The second-hand value of the top-10 selling battery cars in the US, including models from Tesla, General Motors and Ford, fell an average of 28 per cent in 2023, data from CarGurus and compiled by HSBC show...
...Drew Baglino, senior vice-president leading Tesla’s engineering and technology development for batteries, motors and energy products, announced on X today that he would leave after 18 years at the auto group...
...Elon Musk’s Tesla and Chinese rival BYD both reported sharp falls in electric car sales, adding to concerns of the slowing shift towards electric vehicles....
...Even those western users that are not persistently reluctant to give up the internal combustion engine hit the twin problems of limited availability and non-affordability of domestically made electric vehicles...
...The retail control group, which excludes building materials, motor vehicle parts and petrol station sales, declined 0.4 per cent, missing economists’ expectations for a 0.3 per cent gain....
...At Rolls-Royce, BMW’s luxury brand, a separate division has been set up to deal with personalised features....
...She cited industry data showing theft costs and repair costs had risen a third in a year, and the cost of replacement vehicles had jumped because vehicles were taking longer to repair....
...Groups such as Ford and Volkswagen collect healthy profits from their captive finance divisions....
...Anglo American Platinum plans to cut 3,700 jobs in South Africa in a bid to cut costs at one of the mining group’s most troubled divisions....
...BT’s networking division Openreach is halfway to its target of rolling out full-fibre broadband to 25mn premises by 2026 as part of a £15bn infrastructure project....
...Leasing started as the preferred choice among early adopters of electric vehicles....
...Chinese electric vehicle shares lost ground on Wednesday despite carmakers posting mostly strong delivery numbers this week as competition puts pressure on margins....
...The business models of vehicle parts makers can prove unsustainable in their current form, even if they are early adopters....
...big announcements, the Society of Motor Manufacturers and Traders said....
...Tesla remains the only new company to have broken through selling EVs, as dozens of well intended start-ups fall by the wayside....
...Prices will fall as new models come on sale, while the job of installing charging stations grinds on....
...Global sales for the broader Japanese group, which includes van and truck maker Hino Motors and compact brand Daihatsu Motor, also increased 7 per cent to 10.2mn vehicles, putting it on track to become the...
...The California Department of Motor Vehicles had already ordered Cruise to take its driverless cars off the roads....
...The company says EVs with these types of batteries will be able to travel around 1,200 kilometres on a charge of less than 10 minutes, about twice the range of vehicles equipped with current lithium-ion...
...Ford, which recorded a $1.3bn loss in its electric vehicle division in the third quarter, is now waiting to invest about $12bn to build out EV production capacity....
...pivoting to electric vehicles....
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