Beijing, July 8, 2024 – Chinese leading electric vehicle manufacturer BYD announced its intention to acquire a 20% stake in its long-standing distributor in Thailand, aimed at enhancing its market presence and influence in Southeast Asia. Through its subsidiary BYD International, BYD has reached an agreement with its Thai distributor to acquire equity in […]
In the “dual-carbon” goal driven by the accelerated transformation process of transportation electrification, power battery innovation has become the key to strengthen the level of competition in new energy vehicles, to create national industrial competitiveness, solid corporate competitive advantage. This year, both vehicle companies, or power […]
Although facing a variety of unfavorable factors, global electric vehicle sales will continue to grow. A few days ago, Bloomberg New Energy Finance (BNEF) released its Long-Term Electric Vehicle Outlook report, predicting that market penetration of electric vehicles is still growing. Rapidly declining […]
Detroit, USA, July 6, 2024 – Ford Motor Company has reported impressive growth in electric vehicle sales in its latest quarterly sales figures, trailing only industry leader Tesla. This marks significant progress for Ford in the electric vehicle market, showcasing ongoing efforts and achievements in transitioning to an electric vehicle manufacturer. According to Ford’s […]
On July 4, local time, the European Commission issued a notice saying that it had decided to impose temporary countervailing duties on imports of electric vehicles (BEVs) from China after a nine-month countervailing investigation into BEVs. The temporary tariffs apply to some Chinese automakers, including […]
McLaren Automotive CEO Michael Leiters said that the UK needs to recognize that it cannot compete on the cost of mass-produced cars and should instead focus on driving the manufacture of high-value cars, according to Automotive News Europe. Speaking at a conference […]