Bloomberg reports that Volkswagen Group Chairman Hans Dieter Pötsch urged the European Union to revise its emissions targets and provide a clear message to the auto industry. Pötsch said policymakers have set ambitious climate targets but have not yet fully considered the measures needed […]
In a strategic shift, Volvo Cars has announced its decision to exit the vehicle subscription business. This move marks the end of a significant chapter in the company’s efforts to diversify its business model and adapt to changing consumer preferences in the automotive industry. Volvo Cars launched its subscription service, Care by Volvo, with […]
Chinese automotive giant Chery Automobile has announced a major investment in promoting its Omoda and Jaecoo brands in the European market. This strategic move marks a significant expansion of Chery’s international business and underscores its commitment and ambition in the European market. According to Chery’s statement, the company will invest hundreds of millions of […]
According to the latest data, global electric vehicle (EV) sales in August 2024 surged by 20% compared to the same month last year. This increase highlights the robust growth trajectory of the EV market and underscores ongoing consumer interest in environmentally-friendly transportation solutions. The report released by Rho Motion reveals that August saw record-breaking […]
According to Reuters, on September 12, market research firm Rho Motion said that in August this year, despite a sharp decline in European electric vehicle sales, but driven by China’s record sales of electric vehicles, global sales of electric vehicles (including pure electric vehicles and plug-in hybrids) still […]
According to Reuters, a group of major Thai automakers comprising Chinese and Japanese majors has asked the government to extend the production deadline set by incentives to meet planned electric vehicle production targets as sales of electric vehicles in the Thai market have fallen short of expectations. […]