AUTOMAKERS & SUPPLIERS
Coverage of the design and manufacture of vehicles, automaker and supplier mergers, spin-offs and acquisitions, earnings, executive changes and partnerships.
India is ready to offer incentives to ensure Tesla Inc.'s cost of production would be less than in China if the carmaker commits to making its electric vehicles in the South Asian country, Reuters reported.
As of January, Nio had delivered 82,866 electric cars in China since its first model came to market in June 2018. Its high-end utility vehicles have proven a hit with wealthy consumers, helping to push Nio’s gross margin to 17.2 percent in the December quarter.
Toyota said proceeds from the sale of “Woven Planet Bonds” will be used for projects such as the development of zero emission and assisted mobility vehicles, and increased use of renewable energy.
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Daimler's decision to prioritize Europe for Mercedes EVs led to the automaker failing to achieve fuel economy targets in the two key markets.
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