Autos
- BusinessThe Telegraph
Elon Musk plots new direction after Tesla’s electric car crisis
Tesla investors have spent the last few months wondering if the car maker’s chief executive has his eye on the ball.
6-min read - OpinionThe Telegraph
Electric cars are a Trojan horse for the destruction of driving
I don’t know if any of the bookmakers have started offering odds on the next net zero target to be ditched, but my tenner would go on the Zero Emission Vehicle (ZEV) mandate. If you haven’t heard of it – and unless you work for a car manufacturer or motor dealer you may not have – you might be surprised that the prices of electric cars are suddenly falling: according to Auto Trader 77 per cent of new electric vehicles are now be advertised at a discount.
3-min read - BusinessReuters
UPDATE 1-China's state planner warns intensified EV price war on oversupply
China's state planner expects an intensified price war among automakers of electric cars and plug-in hybrids this year because of overhanging supply, among other issues, the government body said in a statement on Monday. The National Development and Reform Commission (NDRC) expected more than 110 new energy vehicle models among a total of 150 new cars launched this year, intensifying competition. NDRC also estimated the market demand for new energy vehicles, including EVs and plug-in hybrids,
1-min read - BusinessReuters
China's state planner warns intensified EV price war on oversupply
China's state planner expects an intensified price war among automakers of electric cars and plug-in hybrids this year because of overhanging supply, among other issues, the government body said in a statement on Monday. The National Development and Reform Commission (NDRC) expected more than 110 new energy vehicle models among a total of 150 new cars launched this year, intensifying competition. NDRC also estimated the market demand for new energy vehicles, including EVs and plug-in hybrids,
1-min read - BusinessThe Telegraph
Electric cars sold at record discounts as demand plunges
Almost eight in 10 new electric cars are being sold at a discount as the industry reels from falling consumer demand.
3-min read - BusinessReuters
China's Li Auto cuts car prices in market share battle
Chinese automaker Li Auto on Monday cut prices by around 5% on four of its five models and said it would refund owners who had bought those models earlier this year, deepening a price war in the country. The move by Li Auto, the most popular extended-range hybrid seller in China, comes after price cuts by U.S. automaker Tesla and as BYD, the world's largest EV maker, revised down its prices for relaunched models. Li Auto announced cuts of between 18,000 and 30,000 yuan ($2,485-$4,142) on its L
1-min read - BusinessTechCrunch
Tesla layoffs, Cybertruck recalls and Serve Robotics goes public
Sign up here — just click TechCrunch Mobility — to receive the newsletter every weekend in your inbox. Tesla is back in the news cycle and our crystal ball says it's one of those long-term affairs. The week kicked off with layoffs — about 10% of its more than 140,000-person workforce — and CEO Elon Musk declaring he was going "balls to the wall" on autonomy.
7-min read
