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Overall, China’s LV industry is increasingly defined by the divergence between weak domestic demand and strong export growth.
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GlobalData has upgraded its 2026 Western European PV forecast to above 12.3 mn units, with the changes mostly driven by the UK and Germany.
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The mid-sized model is a rebadged version of a car already on sale in China and will be among Chery's first EVs sold in Canada.
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The KEI-01 is scheduled to enter the US market in the second half of 2027, with assembly at Toyota Motor Manufacturing Indiana under a $34m investment programme.
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Losses from EV operations hold back operating profits.
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Earnings improvement helped by foreign exchange movements and cost-cutting.
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Various design attributes from Formula 2030 set to appear in next Polestar 2 and upcoming Polestar 7.
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Demand for electrified vehicles continues to strengthen, lifting import sales.
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The expansion raises pro forma liquidity to $3.75bn and secures an operational runway into the fourth quarter of 2027.
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The companies plan to combine Kakao Mobility’s software with Nvidia’s computing, sensing, and safety systems in Kia PBVs.
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