According to Reuters, Stefan Hartung, chief executive officer of German auto parts supplier Bosch Group, said that growth in the global automotive and commercial vehicle markets is expected to be very slow this year and next. Stefan Hartung said in the off-site area of the IAA […]
Mercedes-Benz has cut its full-year financial expectations due to weak results in China, delivering another blow to the struggling German auto industry, Bloomberg reports. On Sept. 19, Mercedes-Benz said it lowered its adjusted profit margin forecast for its main automotive business to “7.5-8.5 […]
The latest data shows that new car sales in the EU in August 2024 unexpectedly fell to a three-year low, showing that the auto market is facing severe challenges. Statistics show that new car registrations in August fell by more than 10% year-on-year, hitting the lowest level since 2021. Analysts pointed out that this […]
In the context of advancing renewable energy technology, South Korean researchers have recently announced the successful development of transparent solar cells. This innovative technology allows car windows to not only provide visibility but also effectively collect solar energy to supply additional power to vehicles. The transparent solar cells utilize new materials that offer excellent […]
According to a newly released report by Transport & Environment (T&E), it is predicted that the share of battery electric vehicles (BEVs) in the EU automotive market could reach 24% by 2025. This growth trend reflects the increasing focus on sustainable transportation and the policy support from various governments to promote electric vehicle usage. […]
Recently, Renault announced a $350 million investment in Argentina to establish a new production line specifically for manufacturing pickup trucks. This move highlights Renault’s confidence in the Latin American market and underscores the company’s strategic focus on electric and multifunctional vehicles globally. Renault’s executives stated, “Argentina is an important market for us in South […]