AD #3566 - Car Dealers Losing Market Share To EV Startups; Linamar To Open Gigacasting Factory; Baojun Yep Gets Cool Accessories
About this episode
Car dealers in California and other states are losing market share and profits to EV startups like Tesla, Lucid, and Rivian that sell directly to consumers, prompting some dealers to adapt while others doubt they can compete. Tesla’s CEO transition has boosted investor confidence. Europe gains a battery plant in Germany backed by subsidies to rival US incentives. VinFast plans a NYSE listing via SPAC amid EV startup market cap challenges. Hyundai and Kia face lawsuits over vehicle theft vulnerabilities. Mercedes will discontinue the CLS to focus on the new E-Class. Honda plans to export Chinese-made EVs to Europe. Linamar is opening a gigacasting plant in Canada, and China’s vehicle exports are causing shipping shortages. Affordable EVs like the Mini EV and Baojun Yep are gaining appeal with cool accessories and customization options.
Mercedes-Benz CLS
"...ting the AX. Mercedes is going to stop making the cls in August after being in production for nineteen ..."
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