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More competition and flagging demand in the Chinese market hit leading battery and plug-in hybrid vehicle makers
...including Peugeot and Fiat, hopes to offer an electric model in Europe that would cost less than €20,000, according to European operations boss Uwe Hochgeschurtz, by cutting costs from its new electric Citroën e-C3...
The former professor has turned the Chinese carmaker into the world’s best-selling EV manufacturer within a decade
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...The CYVN injection comes days after co-founder and president Lihong Qin said higher interest rates were making it harder to raise money....
...Sporting a fresh cropped haircut, Nio co-founder and chief executive William Li was greeted like a rock star by tens of thousands of devoted fans on Saturday night as he took to the stage at the Olympic...
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Geely-owned division lost $353mn in six months, as it lines up reverse merger on to New York’s Nasdaq
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...Joe Gebbia, Airbnb co-founder I have a collection of midcentury modern chairs....
...Norway accounts for almost a quarter of the electric Mustang Mach-e models Ford sold in the region last year....
...That includes cutting some production of the Mustang Mach-E and delaying construction on one of two joint-venture battery plants planned in the state of Kentucky....
...Ford has been the exception, cutting prices twice this year on its electric Mustang Mach-E....
...Bonhams’ star-studded offerings in 2023 included the personal collection of actor Roger Moore and the estate of broadcaster Barbara Walters....
...On Wednesday, Scott Nuttall, co-chief executive of KKR, conceded that returns for large public companies such as KKR are often mixed....
...Walter Scott, a director for more than two decades, died in September 2021, aged 90. In February 2022, Thomas Murphy, 96, stepped down from the board and died three months later....
...Only Ford has cut the price of its electric Mustang in Europe, while Mercedes has cut the price of its electric E class in China, which it originally priced too steeply....
...This prompted Ford to price its Mustang Mach-E between $46,000 and $64,000....
...Yet the options for full electric racing, such as Formula E, were “too limited” in terms of what Ford could learn about batteries and power units, he explains....
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...It currently imports the Mustang Mach-E from Mexico....
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