Carmakers shift up a gear in race to go electric

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LONDON : With electric car sales soaring and regulations increasingly favouring zero-emission vehicles, a flurry of announcements on Monday showed how the global auto industry has kicked into a higher gear as it races to speed past the fossil-fuel car era.As part of its own 30 billion euro (US$34.7 billio

LONDON : With electric car sales soaring and regulations increasingly favouring zero-emission vehicles, a flurry of announcements on Monday showed how the global auto industry has kicked into a higher gear as it races to speed past the fossil-fuel car era.

Carmakers are racing to secure battery supplies as they switch to electric, with dozens of new battery plants planned across Europe and America. That has attracted the attention of Taiwan's Foxconn, which has ambitious plans to diversify away from its role of building consumer electronics for Apple Inc and other tech firms.

 

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