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...China’s carmakers are engaged in a price war as sluggish consumer demand, a glut of new vehicles and slowing economic growth drag down prices....
...Hertz, however, largely operates an “at risk” model where it owns the vehicles outright, exposing it if the vehicles it holds depreciate significantly....
...Although its vehicles are not charged to drive in the Ulez, it is in the process of decommissioning non-compliant vehicles....
The targeted vehicle is the manager’s $141mn Mortgage-Backed Securities Fund
...Volkswagen is considering partnering with other carmakers to produce cheaper electric vehicles to help it compete with a coming wave of lower-cost rivals from China....
...Technology-related businesses represent nearly a third of the 2024 list, and our top-ranked company this year is Zypp Electric, an Indian electric-vehicle platform....
...Chinese electric vehicle start-up Nio suffered deepening losses in 2023, as the company struggles to reduce costs while keeping pace in the premium segment of the world’s largest auto market....
...Good morning and we start with Apple’s decision to abandon a secret project to build an electric vehicle....
...Nissan and Honda, which each sell about 4mn vehicles a year globally, hope to bring down costs by pooling their resources....
...Charging tariffs on electric vehicles imported from the EU would have added £800mn to Treasury coffers over four years, data from Budget document showed....
...Even within the EU, France and Germany disagree on tariffs on electric vehicles....
...In total, the UK has nearly 54,000 public charging points compared with 1mn fully electric vehicles, a ratio of just over 18:1....
...Known as “Project Titan”, Apple’s electric vehicle project was an example of its attempts to diversify beyond its hit product, the iPhone, which still makes up about half of its global sales....
...There is room to carve out a profitable niche by differentiating vehicles using software and smart functions....
...Tesla is issuing a software fix for 2.2mn of its vehicles, rounding out a fraught week for the US electric vehicle maker....
...Slowing growth of electric vehicle sales has caused a series of corporate U-turns. While sharp swerves are never fun, the change in direction is sensible....
...Electric vehicles now constitute a quarter of the total private vehicle fleet. In 2016, the percentage was 5.8 per cent. The development is explosive....
...Miners once told investors that electric vehicles would produce a steady stream of battery metals demand that would put an end to the industry’s cyclical nature....
CVR Energy has paid out $3.2bn in dividends to feared activist’s public investment vehicle
...French carmakers such as Stellantis and Renault, which do not have large businesses in China, have been vocal about the threat of Chinese electric vehicles....
...About 60 per cent of new vehicles in Europe are bought on a lease, while in some markets such as the UK it is more than 90 per cent....
...The Austin, Texas-based company delivered a total of 1.81mn vehicles in 2023, surpassing its annual target....
...China has detained an executive of Evergrande’s vehicle unit, threatening to further complicate the outlook for the restructuring of the world’s most indebted property group....
...The south-east Asian nation is home to the world’s largest reserves of nickel, an integral part of batteries for electric vehicles....
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