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General Motorsi

General Motors (GM) is a US carmaker that was the world’s biggest, although Toyota is challenging it for the title. It was hard hit by the global financial crisis, needing a government bailout, but emerged from chapter 11 reorganisation in 2009, and held an initial public offering in 2010. It returned to profit in 2011.

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  • ‘An urgent solution to the issue of battery life is much needed,’ Nio’s William Li says
  • Details of the new batteries to be developed have not been revealed
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The world’s largest EV maker is taking the offensive in a market-share battle, with rivals including Xpeng, Zeekr and SAIC-GM-Wuling also slashing prices.

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Chinese electric vehicle (EV) maker Xpeng plans to launch its first right-hand drive model in the second half of this year as it accelerates its push to go global, targeting markets such as Hong Kong and Southeast Asia.

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The US carmaker’s Gigafactory in Shanghai handed over 30,141 Model 3s and Model Ys to mainland customers last month, a year-on-year decline of 24.4 per cent, according to China Passenger Car Association data.

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The Shanghai-based carmaker expects to hand over 31,000 to 33,000 EVs to mainland Chinese customers between January and March, down 34.1 to 38.1 per cent from the fourth quarter of 2023.

The decline ‘bodes ill’ for the market as a bruising price war may be imminent, sales executive says. EV makers are grappling with fiercer competition amid a drop in demand and signs of overcapacity.

Analysts says lower battery costs are enabling EV makers to discount prices amid tougher competition and efforts to take more share from petrol car manufacturers.

From a custom biodiesel sports car to a British army reconnaissance vehicle and a McLaren F1, Jay Leno’s car collection is quite simply like no other …

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VW’s sales in mainland China and Hong Kong trailed well behind overall market growth, while GM’s mainland China deliveries dropped below its US sales for the first time since 2009.

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China’s leading EV makers are battling for supremacy in the MPV segment, targeting wealthy families amid sluggish sales and looking to grab a bigger share of the market from traditional carmakers like GM.

Cloud Software Group, the parent of cloud computing company Citrix, has announced it would stop all new commercial transactions in mainland China, Hong Kong and Macau.

Chinese electric-car builder Leapmotor is to receive a €1.5 billion (US$1.58 billion) investment from Stellantis, formerly Fiat Chrysler, in the latest vote of confidence from a global carmaking giant in the mainland’s EV industry.

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The picket line in Michigan has become the scene of an early confrontation with Trump, who is set to make his own bid for the state’s blue collar votes.

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The strikes are likely to affect the future of the union and of America’s home-grown car industry at a time when US labour is flexing its might and the companies face a historic transition to making electric vehicles.

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The United Auto Workers union launched simultaneous strikes at three factories owned by General Motors, Ford and Chrysler parent Stellantis, kicking off the most ambitious US industrial labour action in decades.

‘The revival of the MG brand shows China’s rising manufacturing might in the automotive sector,’ an analyst says, as SAIC leads the country’s push to overtake Japan in annual car exports this year.

Nammi EVs will aim to compete with, and essentially seek to replicate the success of the Hongguang Mini EV, an electric car developed by SAIC-GM-Wuling.

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Far beneath the shrinking inland Salton Sea are lithium reserves so large they could meet all US needs, but it remains to be seen if a battery industry can be developed.

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Domestic carmakers are rapidly gaining market share in China as they embrace electric vehicles faster than their foreign rivals who are grappling with unused manufacturing capacity of gas and diesel vehicles

Carmakers plan to unveil a total of more than 100 new models, 70 of which will be electric, according to the organisers. Some 1 million visitors are expected to visit the 10-day event starting on Tuesday.

The Toyota Prius hybrid and all-electric Nissan Leaf had early-mover advantage, so why is no Japanese company among the top 20 makers of electric vehicles now?

Three years after the coronavirus pandemic triggered a global shortage of semiconductor chips and crippled car manufacturing, Ford, GM and others are raking in huge profits.