SAIC Motor Corp

Volkswagen is considering once-unthinkable factory shutdowns in Germany, while Stellantis is slashing output of Fiat 500 EVs in Italy, citing waning European sales.

It is aiming to sell 1.2 million vehicles next year, almost equal to the number of EVs made by China’s carmakers last year.

SINGAPORE (June 4): On Feb 23, Daimler announced in a filing that Zhejiang Geely Holding Group had acquired a 9.7% stake in Daimler for €7.3 billion ($11.4 billion). With this stake, Geely becomes the single-largest shareholder of Daimler, whose most fa