AD #4137 - EV Battery Prices Could Drop 50% From 2023; Mexico Tariffs Hurt GM the Most; JLR Still Crippled by Cyber Attack

Jaguar Land Rover remains impacted by a cyber attack delaying production until late September, raising concerns for suppliers. Mexico's new 50% tariffs on Chinese, South Korean, and Indian cars could heavily affect GM, which sources most of its Mexican sales from these countries. EV battery prices are projected to drop 50% by next year, potentially making EVs cost-competitive with ICE vehicles. Ford plans to relocate its headquarters to a new state-of-the-art facility, while Ferrari continues steady growth fueled by customization and limited editions. Supplier automation and financial distress amid tariffs are also highlighted, alongside Microvision's affordable lidar technology aiming to expand beyond luxury vehicles.