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…

⚡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…

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

🔋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…

🔋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…

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: 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…