One entity will include commercial vehicles business while the other will manage passenger vehicles, electric vehicles and JLR businesses.
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Tag: Electric vehicles
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INDUSTRY NEWSLatest News
Volkswagen’s battery unit defers IPO until factories running, unified cell in use
The decision to defer POwerCO’s IPO comes at a time when the capital-market enthusiasm for EVs has cooled as sales growth has slowed.
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The new BYD Atto 3 is priced at 119,800 yuan (USD 16,644), 11.8% lower than the final sales price of the version it has replaced.
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EV maker Fisker expects to make between 20,000 and 22,000 Ocean vehicles this year, way below estimates of 35,600 units.
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In late 2022, Volkswagen ceded its title of best-selling car brand in China to local EV manufacturer BYD.
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BYD’s push into Mexico foreshadows a competitive threat to the local automakers as well as to companies operating in the US.
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The first delivery volumes from Franco-Italian automaker Stellantis are expected to begin in the first half of this year.
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While European automakers are reliant on external suppliers, Chinese rivals are highly vertically integrated, producing almost everything in-house.
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A bipartisan group of US lawmakers has urged the Biden administration to hike tariffs on Chinese-made vehicles.
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SK Siltron CSS will be receiving USD 544 million to expand a plant in Bay City, Michigan that produces high power silicon carbide wafers used …