RAC says the increase is down to the “soaring costs” of wholesale gas and electricity. Go to Source
Author: CNBC Online news
China’s flood of new electric cars cost 20% more to insure than fuel-powered cars
While Chinese companies churn out new electric cars, local insurance firms think they’re more expensive to cover. Go to Source
Chinese EV maker Li Auto falls after it cuts delivery outlook; Beijing extends tax breaks for electric cars
Li Auto said the cut to its forecast is a “direct consequence of the supply chain constraint.” Meanwhile, China extended a tax break for electric car purchases. Go to Source
Convertibles drive into the sunset as automakers invest in electric vehicles
Convertibles – once a sign of open-air freedom and summer adventures – are fading away as companies shift to EVs and SUVs. Go to Source
Elon Musk has more than 20 direct reports at Tesla — here are the ones we know about
Musk will need to lean on these deputies as Tesla brings two new factories to full production, and tries to fulfill elusive goals in service and self-driving. Go to Source
Ford’s supply chain problems include blue oval badges for F-Series pickups
The issue is the latest is a yearslong supply chain crisis that has included critical parts such as semiconductor chips, wire harnesses and raw materials. Go to Source
China’s CATL, a Tesla supplier, considers expanding battery swapping business overseas
CATL, the world’s largest electric vehicle battery maker, is a supplier to companies such as Tesla and Ford. Go to Source
Qualcomm’s first auto investor day offers signs the industry is embracing its tech platform
We think Qualcomm delivered with its first-ever automotive investor day. Go to Source
Ford to restructure supply chain following $1 billion in unexpected quarterly costs
The restructuring will be led on an interim basis by Ford CFO John Lawler until a chief supply chain officer is selected, Ford said. Go to Source
Xpeng breaks out of a lower price range with its most expensive car to date
Chinese electric car start-up Xpeng has released its most expensive car to date, marking the company’s foray into a higher price range. Go to Source