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...Some opportunistic buying seems to be happening in the auto sector....
...The years since have involved a complex balancing act to get supply and demand aligned for components, and then the end autos themselves....
...In theory, joining forces could mean integrated supply chains and optimised operations....
...The role of the state in China is difficult to easily map on to transparently-codified norms in western economies....
...The job cuts come as the slowdown in sales of EVs makes waves across the global car industry, with companies across the supply chain from South Korea to Germany slashing jobs and costs....
...“Xiaomi doesn’t have much experience in the auto field,” said Lam. “But it is a supply chain master . . . and joined the race at a time when things have grown relatively established.”...
...The world’s biggest tech show is also a major auto expo, with South Korea’s Kia and Hyundai, Honda of Japan and Mercedes-Benz of Germany all taking part along with numerous suppliers....
...Meanwhile, it is clear that western regulations demanding clean supply chains are beginning to bite, he adds. Ensuring traceability is difficult in most parts of the world, but particularly in China....
...For their part, Chinese auto executives are pushing back at what they regard as western protectionism....
...“In order to retain market share western carmakers have to slash prices as well.”...
...“The US wants to create alternative supply chains in partner countries . . . but what happens when it’s Chinese companies that are building those supply chains?”...
...Last month, a union drive was announced at the Toyota plant in Troy, Missouri, where roughly 850 hourly employees turn out cylinder heads, an engine part that supplies the company’s nine North American car...
...Shares of Lithium Americas leapt 12 per cent after the US government announced plans to loan $2.3bn to the company to develop its flagship lithium project in Nevada that will supply the electric car battery...
...share gains, especially as the legacy Western OEMs have struggled mightily on cost....
...The latest sanctions do not prevent Russian companies from rushing to move metals produced before April 13 into LME warehouses or conducting bilateral deals independently of metals exchanges....
...As one senior executive at a global auto company told me, if the Chinese sell an EV that is just as good as a western car, but cheaper, that is one thing....
...Zhu Xingming, chair and founder of Shenzhen Inovance, said it hopes to challenge incumbents — which include western groups such as ABB and Siemens — for a place in the top three largest companies in the...
...Chinese companies across the electric vehicle supply chain said lower costs and technological leadership would help them secure western deals despite geopolitical tensions and security concerns....
...The slowing pace of sales growth has fuelled expectations among auto executives for a wave of consolidation that will leave only a handful of companies in the world’s largest car market....
...and direct military supplies from North Korea and Iran....
...Daniel Berenbaum joins US fuel cell company Bloom Energy as chief financial officer, succeeding Greg Cameron. Berenbaum previously served as CFO of National Instruments....
...In its rapidly evolving auto market, for example, half of all new car sales will be electric by 2025, thinks Bernstein. China’s most important oil supplier, Opec, is more upbeat....
...The prime minister also denied that Chinese renewable companies were stronger than their western counterparts because of state subsidies....
...Fortescue is one of the largest single companies at the end of many German groups’ supply chains....
...The set-up allows the company to flex supply based on demand, easing the long process of winding down its legacy products. However, there will still be a significant jobs impact....
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