and Geely (the automaker Shufu founded)purchasedhalf of Smart in 2019. Another Chinese company named Beijing Automotive Group, which is owned by the Beijing government, holds a 5% stake, and Kuwait’s Sovereign Savings Fund has 6.8% of the group....
The total market capitalisation of listed makers of exclusively electric cars now exceeds $400bn. Add producers of batteries that go into them, and the EV-industrial complex, which makes fewer than 400,000 vehicles annually, is ...
Its average buyer makes more money. The A8 is a legitimate competitor to the Mercedes S-class and BMW 7-series flagship sedans. Audi's A4, which is smaller than the Cadillac CTS, attracts nouveau luxe buyers. Cadillac is still working on cars to battle it out in those two vital market ...
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