AD#4014 - Honda Getting Batteries from Toyota; Audi Cutting Jobs After Weak 2024; China Exports Continue to Grow Rapidly
About this episode
Audi faced a challenging 2024 with significant sales and profit declines, prompting job cuts and cost-saving measures. Toyota's South Carolina battery plant will supply Honda, helping Honda avoid tariffs and potentially expanding their partnership. Battery swapping leaders NEO and CATL are joining forces to standardize technology and grow networks. BYD unveiled a new ultra-fast charging platform promising rapid EV charging and high performance. Xiaomi's vehicle sales surged, boosting revenue and expanding its lineup. Chinese car exports continue rapid growth, especially in emerging markets. Lastly, Stellantis launched a US high school design contest focused on future Chrysler vehicles.
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