South Africa’s car exports fell significantly in October 2024, mainly due to the increasingly stringent EU carbon emission standards for cars. According to data from the South African Automobile Industry Association (NAAMSA), South Africa’s car exports in October fell 42.6% from the same period last year to just 17,324 units. The decline reflects the slowdown […]
According to Reuters, on October 29, a study conducted by the German Automotive Industry Association (VDA) commissioned research institution Prognos showed that German jobs would decrease by 186,000 by 2035, of which from 2019 to 2023, Germany The job has been reduced by 46,000, which is mainly due […]
According to Bloomberg, people familiar with the matter revealed that the European Union has decided to send officials to China to conduct more negotiations to find an alternative to imposing tariffs on electric vehicles in China. People familiar with the matter pointed […]
The German Automobile Industry Association Chairman Hilde Garde Mueller issued a statement that strongly opposed the EU’s tariffs on imported electric vehicles from China. Explosive adverse effects. Mueller warned that this move may exacerbate the risk of trade conflict and eventually damage the entire industry. […]
On October 30, Hyundai Motor Company released a hydrogen fuel cell concept car called INITIUM, and plans to launch a mass-produced hydrogen fuel cell car based on this model in the first half of next year. Although hydrogen fuel vehicles can refuel faster and have a longer range, most studies show that pure electric vehicles […]
As the global auto industry accelerates its transformation to electrification, the European auto industry is experiencing an unprecedented “perfect storm”. In addition to facing traditional problems such as low capacity utilization and high costs, European automakers also have to deal with the pressure of transitioning to electric vehicles (EVs) and fierce competition from Chinese automakers. […]