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...Marshall Motor Group has also been bought by Cinch-owner Constellation, while Lookers was bought by Canada’s Alpha Auto in a deal announced last year, and Cambria was taken private by its management team...
...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....
...Despite auto market pressures, China’s slowing economic growth and western trade protectionism there are no signs that BYD is rethinking its plans for global expansion....
...to the region’s supply chains....
...“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.”...
...“If you value Tesla just as an auto company, you fundamentally have the wrong framework. If you ask the wrong question, the right answer is impossible,” he said on Tuesday....
...Western pharmaceutical groups are warning of worsening disruption to supply chains because of problems certifying manufacturing sites in China, with some factory inspectors refusing to visit the country...
...The role of the state in China is difficult to easily map on to transparently-codified norms in western economies....
...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....
...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....
...“In order to retain market share western carmakers have to slash prices as well.”...
...Manufacturers of autos, missiles or medical devices require large volumes of foundational chips as well. Here, too, the Chips Act is providing significant new supply....
...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....
...For their part, Chinese auto executives are pushing back at what they regard as western protectionism....
...“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?”...
...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...
...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...
...Some other western miners have secured supply purchase deals with companies: Australia’s Lynas, which received concessional financing from Japanese government entities, reached one with Japan’s Sojitz conglomerate...
...He posted it earlier this month, backed by Knight, one of several companies owned by Los Angeles-based subprime auto loan billionaire Don Hankey, which does not have the required “certificate of qualification...
...to stop sourcing supplies made from coal power....
...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...
...“If you value Tesla just as an auto company you fundamentally have the wrong framework. If you ask the wrong question, the right answer is impossible,” he said....
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