
Volkswagen Halts India EV Investments as It Seeks JSW Deal
The German carmaker is targeting a 15% reduction in global spending while talks continue with Sajjan Jindal’s conglomerate.
EVs, mobility brands and how Asian drivers shop for their next car.

The German carmaker is targeting a 15% reduction in global spending while talks continue with Sajjan Jindal’s conglomerate.

Under a bilateral pact allowing 49,000 Chinese electric vehicles annually at a 6.1 percent tariff, the automaker is vetting local plant capacity and joint venture partners.

Rolf Michl will become chief operating officer on November 1 under a new dual-leadership management board.

The 4.65-metre saloon features a 400-volt platform capable of reaching an 80 per cent charge in under 20 minutes ahead of deliveries later this year.

Grant Thornton transaction data shows private capital discounting discretionary fashion brands while logistics discipline and regulatory payment overhauls widen the valuation divide.

British Trade Minister Anas Sarwar confirmed ongoing talks with European partners as London seeks access to the EU’s Made in Europe program.

The Chinese carmaker priced the European battery model at 35,600 euros, more than double its domestic starting price of 123,800 yuan.

A $1.18 billion gain from offloading domestic production sites offset a 48 per cent jump in quarterly operating losses as deliveries reached 70,085 units.

Global capacity far outpaces the supply of discarded materials as processing concentrates inside China and electric vehicle adoption slows.

Shares of Tesla fell 1.3 percent following the demonstration of its cold-gas thruster Roadster, bringing year-to-date losses for the electric vehicle maker to 17 percent.

The automotive expo opens on Dec. 5 at the Vietnam Exhibition Center in Hanoi, featuring nearly 100 test-drive vehicles ahead of peak Lunar New Year buying.

Geely Holding will install Google Automotive Services across export models for five brands as it targets 6.5 million annual vehicle sales by 2030.

The Ministry of Industry and Information Technology, Cyberspace Administration of China and market watchdog SAMR are verifying reports after viral test footage.

The Da Nang-based assembler plans a national dealer network and parts hub in Cambodia after displaying five passenger and utility models in Phnom Penh.

Parent company Stellantis is using Chinese supply chains to ship vehicles to Asia, Europe and emerging markets without selling locally.

The German automaker plans to lift its local China manufacturing share to 95 per cent by 2030 as Neue Klasse EV deliveries begin in November.
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