🚨NEW: BYD's plans for European EV dominance🚨

🚘Aims to be number 1 by 2030

🚘'Billions of euros' of investment planned

🚘Hungary plant to make hybrids as well as EVs

🚘Sub-$10k Seagull planned

Full story from #FTCar :
ft.com/content/1fc295…

GM President Mark Reuss (mreuss 🇺🇸) on re-entering Europe to Peter Campbell: Treating as a startup; 🚫 market share targets right now; plan is for growth; global products but tailored to Europe; 'American alternative' w/ Cadillac; 'we'll see' regarding other brands into Europe

🔋NEW: Hyundai will make hybrids as well as EVs in new US plant🔋

🚘Company has changed thinking on Georgia facility in last 'six months', Jose Munoz tells #FTCar

🚘'Electric is still the future. But now we are seeing a longer transition.'

More details: ft.com/content/d8408b…

🔋Mate Rimac will still make engine-powered Bugattis after 2035, he tells #FTCar summit🔋

Hypercar customers still want 'Patek Philippe' mechanical engines, he says.

New hybrid V16 car - the first from 'Bugatti Rimac' - revealed next month.

Details: ft.com/content/d8408b…

Toyota Europe Financial Times Hyundai Europe FullyCharged.SHOW Bain & Company Andrew Hill Qualcomm Peugeot Stellantis Linda Jackson, CEO of Peugeot, discusses profit margins on electric vehicles with Financial Times global motor industry correspondent Peter Campbell.

#FTCar

⚡NEW: Car port congestion will get *even worse* as new RORO ships come on stream, biggest shipping line warns⚡

🚘Car deliveries up 17% in a year

⛴️'Next big bottleneck will be terminals & distribution'

Story from Robert Wright:
ft.com/content/ae6768…

Can 'FSD' save Tesla in China?

'They are betting it is the tech that makes or breaks a purchase decision,' one former Tesla exec tells me.

After Musk's Baidu deal, Edward White & I look at the implications for Tesla & China: ft.com/content/a2104f…