21 November 2024
21 November 2024
Among underlying positives is a recovery to the Vietnamese vehicle market.
The job losses come in the wake of lower than expected demand for electric vehicles.
UK auto industry increasingly concerned about missing UK ZEV Mandate share targets and incurring potentially huge fines as a result.
The Japanese automaker cautioned that failing to meet the target could lead to hefty fines for manufacturers.
Diesel share of new car sales in the region for October came in at 13.2%, a rise from the low point of 11.9% confirmed for September, and 1.3 pp below the value seen in October 2023
The new production line is scheduled to commence batteries production in January next year.
Exxon Mobil will supply the lithium carbonate from its project in the US state of Arkansas.
BYD and other battery manufacturers began transporting lithium-ion batteries by rail this week.
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