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...We are co-operating as appropriate with the Chinese authorities,” it said. “At this time, we have no further comment.”...
...The editorial team can be reached at techasia@nex.nikkei.co.jp....
...Despite its dismal stock market record and increasing jitters about EV demand in western markets, the Chinese car group is doggedly pursuing public status for its other brands....
...For their part, Chinese auto executives are pushing back at what they regard as western protectionism....
...Beijing has signalled an increasing willingness to intervene in the EV market following a series of western complaints, as well as domestic concerns over the EV sector displaying signs of a boom-and-bust...
...“In order to retain market share western carmakers have to slash prices as well.”...
...The commerce ministry has called for the “healthy development” of the country’s overseas EV expansion, including co-operating more with foreign partners and utilising free trade deals....
...The company is also working with Singapore-based FEST Auto to sell EVs to the European logistics market....
...In 2010, when Annajah, co-founder of carmaker NamX, was still at school, Morocco produced fewer than 60,000 cars....
...“Korea lacks auto software engineers and Hyundai is weak in that field, so it is expanding co-operation with foreign tech companies....
...At a news conference earlier today, the chief executives of the two groups said the scope of their co-operation would include software, core EV components and auto intelligence technology....
...That implies annual overseas sales — outside of two crucial western markets — of 2mn-3mn cars, up from about 240,000 this year, according to Citigroup....
...Microsoft has hired DeepMind co-founder Mustafa Suleyman to run its new consumer AI unit....
...VW also announced on Wednesday that Audi was planning to expand its existing co-operation with SAIC, VW Group’s first partner in China....
...European customers asked the company to invest in local production as early as 2021, at the height of a global auto chip shortage, but TSMC took a long time to review the project....
...The Geely holding group owns stakes in several large western carmakers including Aston Martin, Volvo Cars and Mercedes, all of which pulled out of Russia following last year’s invasion....
...Prosecutors have insinuated that SBF ordered staff to auto-delete sensitive messages to hide them from law enforcement authorities....
...She wears loud earrings (they are “armour”), and writes in her email auto-reply: “Emails addressed to Mrs Otto will be forwarded to my mum.”...
...He added that many local investors view stocks, along with autos and houses, as key “venues to store their money” in a highly inflationary environment....
...The company has been hit by strikes by members of the United Auto Workers union....
...It would shake up the auto industry where sales of EVs and batteries are currently dominated by Tesla, and China’s BYD and CATL; it would have geopolitical implications given western anxiety about China’...
...“I didn’t like the auto business,” Munger recalls. “It’s difficult to make a fortune in the auto business.” But, “it worked so well, the early investment in BYD was a minor miracle”....
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