Bloomberg
Xpeng to Buy Didi's Smart Auto Unit in $744 Million Deal
Xpeng Inc. agreed to buy Didi Global Inc.'s smart-car development arm in an all-stock deal that will see Didi emerge with a 3.25% stake in Xpeng. Brian Gu, co-president and honorary vice chairman at Xpeng, discusses the deal with Anna...
Bloomberg
Didi Sells Smart Car Arm to China's Xpeng
Didi Global Inc. has agreed to sell its smart car development arm to Xpeng Inc. for $744 million, exiting a promising business in the world's largest electric vehicle market. Linda Lew reports on Bloomberg Television.
Bloomberg
GM Says the $130,000 Electric Escalade Sets New Standard
General Motors Co. on Wednesday unveiled plans to build an all-electric Cadillac Escalade. The EscaladeIQ will cost $130,000 and include a 55-inch digital dashboard and a range of 450 miles. Bloomberg's Matt Miller speaks with General...
Bloomberg
Li Auto Aims to Deliver 100,000+ EVs in Third Quarter
Chinese electric carmaker Li Auto Inc. raised its revenue guidance and said it expects to deliver more than 100,000 vehicles in the third quarter after reporting better-than-expected quarterly results Tuesday. Danny Lee reports on...
Bloomberg
Indonesian Minister to Meet Elon Musk on EV Investments
An Indonesian government minister is reportedly due to meet Elon Musk in California on Thursday as the country looks to secure heavyweight EV investors. Faris Mokhtar reports on Bloomberg Television.
Bloomberg
BMW Warns Cash Flow to Be Hit by Higher Parts Costs
BMW AG expects automotive free cash flow of above 6 billion ($6.6 billion) this year, from about 7 billion earlier, due to higher expenses for parts and development of electric vehicles. Oliver Crook reports on Bloomberg Television.
Bloomberg
Chinese Firms Seek Korean Partners to Skirt US EV Rules
Chinese firms are lining up to invest in South Korea's battery industry. They're hoping to use it as a gateway to the US market, undermining the Biden administration's efforts to limit China's involvement in the EV supply chain. Heejin...
Bloomberg
Japanese Banks, Toyota Report: Asia Earnings Week Ahead
Major bank earnings are on the way in Asia this week, including the results from Japan's top lenders. Gareth Allan reports on Bloomberg Television.
Bloomberg
Renault Lifts Margin Guidance on Strong Demand, Pricing
Renault Chief Executive Officer Luca de Meo discusses first-half results that exceeded expectations with operating margin rising to a record. He speaks with Manus Cranny on "The Pulse with Francine Lacqua."
Bloomberg
VW Takes $700M Xpeng Stake for EV Pact to Win Back China
Brian Gu, co-president and honorary vice chairman at Xpeng Inc., discusses the company's plan to jointly develop electric vehicles with Volkswagen AG for sale the Chinese market. Volkswagen AG plans to invest $700 million in Xpeng. Gu...
Bloomberg
Stellantis to Focus on Cost Cuts to Protect Profits: CEO
Stellantis Chief Executive Officer Carlos Tavares discusses plans to slash costs by securing better deals with suppliers and making products more affordable for consumers. He speaks with Dani Burger on "Bloomberg Surveillance Early...
Bloomberg
What Is Matt Miller Driving?
Bloomberg TV and Radio's Matt Miller details his experience behind of the wheel of the new Mercedes-Benz EQS 580 4Matic SUV. This interview aired on "Bloomberg Businessweek" on July 21, 2023.
Bloomberg
Macquarie Capital on Beijing's Auto Sector Support
Erica Chen, Greater China tech and auto senior analyst at Macquarie Capital, discusses the significance of China's latest plans to encourage spending on the auto sector. She speaks with Bloomberg's Rishaad Salamat and Yvonne Man on...
Bloomberg
Carmakers Race to Meet Targets in China
China's top automakers are falling behind their sales targets, suggesting the price war that hit the world's biggest car market in the first half will persist. Linda Lew reports on Bloomberg Television.
Bloomberg
What Is Matt Miller Driving?
Bloomberg TV and Radio's Matt Miller and Bloomberg Intelligence Senior Autos Analyst Kevin Tynan break down the pros and cons of the Hemi-equipped 2023 Dodge Challenger R/T Scat Pack. This interview aired on "Bloomberg Businessweek" on...
Bloomberg
Ford Secures $9.2 Billion Loan for US EV Tech Catchup
Ford Motor Co. has been granted a conditional $9.2 billion loan for the construction of three battery factories, marking a watershed moment for President Joe Biden's industrial policy meant to help American manufacturers catch up to...
Bloomberg
Power Sustainable's Li on China Stimulus Trade
Jun Li, CIO at Power Sustainable (Shanghai) Investment Management, discusses China's stimulus trade amid a weakening economy. She speaks with Haidi Stroud-Watts and Shery Ahn on "Daybreak Asia".
Bloomberg
Ford CFO Sees the End of Large Auto Price Increases
Ford CFO John Lawler discusses pricing power in the auto industry on "Bloomberg Surveillance."
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Bloomberg
Toyota Sets 1.5 Million EV Sales Goal by 2026
Toyota is sounding more confident in its ability to build and sell millions of electric vehicles as the world's largest automaker plays catch-up to Tesla and China's BYD. Reed Stevenson reports on Bloomberg Television.
Bloomberg
GM Adapts EVs to Tesla's Supercharger Network
General Motors Co. is adapting its electric vehicles to Tesla Inc.'s Superchargers, gaining access to a network of 12,000 chargers and all but ensuring it will become an industry standard in the US. William Wilkes reports on Bloomberg...
Bloomberg
EV Sales May Not Be Enough to Reach Global Emissions Goal
With demand for electric-vehicle sales expected to more than double by 2026, even greater efforts may be required to eliminate emissions from road transportation by the middle of this century, according to BloombergNEF. Oliver Crook...
Bloomberg
Toyota Wants to Make More Than EVs
Five of Japan's automotive CEOs are backing Toyota in seeing hydrogen and other alternatives as necessary to reach carbon neutrality. Craig Trudell reports on Bloomberg Television.
Bloomberg
Bentley CEO on Business Outlook, EVs, Recession
Bentley Chairman and CEO Adrian Hallmark says although the luxury carmaker has solidified a free trade agreement with Europe post Brexit, its partnership is `complicated' and more costly to the UK. Hallmark spoke in an interview with...
Bloomberg
Tesla Executives to Visit India
Senior executives at Tesla are said to be planning a visit to India this week as the carmaker pushes to diversify beyond China. Menaka Doshi and Sankalp Phartiyal report on Bloomberg Television.