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Chinese OEM earnings decline sharply in Q1 as domestic competition intensifies.
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Permanent Magnet Synchronous Motors (PMSMs) remain the default for most BEV drivetrains, but they come with reliance on rare-earth magnets.
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BAIC, the Chinese state-owned automaker, holds a 9.98% stake in the German company, making it its largest single shareholder.
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The state-owned company regained its position as China’s largest automaker this year.
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YouGov: When shown a photo of the new Ferrari Luce, 52% of Britons dislike it while 29% like it.
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Under the proposed transaction, SAIC's holding in the Indian electric vehicle (EV) joint venture would fall from 49% to 39%, while JSW's stake would climb to 45%.
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The two companies will jointly develop the ORCA LiDAR platform, a proprietary system built to comply with global regulatory and functional safety standards.
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Global volumes were underpinned by higher overseas output.
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Both domestic and overseas sales declined last month.
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Company says the order shows global OE portfolio capabilities through products tailored to market-specific driving environments and consumer characteristics.
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