Canadian supplier Martinrea International Inc. reported a fourth-quarter loss as the impact of the microchip shortage, rising inflation and costs related to new business launches dragged down results.
The Chinese diplomat, Qin Gang, shared photographs from the car on Twitter. He also posted a shot from a meeting with Musk.
Hyundai said it hasn’t decided when to resume operations at its assembly plant in St Petersburg, Russia, citing component delivery issues.
Renault has lost about a quarter of its market value in the wake of Russia’s invasion of Ukraine and it’s paying a heavy price for a $1 billion deal sealed in 2007 with a top ally of Putin.
Sales of the first EV model from a new joint company are expected to start in 2025. Honda will be responsible for manufacturing, while Sony will develop the mobility services platform.