According to foreign media reports, the Munich research institute Ifo Institute said that due to automakers including Volkswagen Group to reduce the output of high-cost factories, the German automotive industry’s capacity utilization rate has fallen to about 78%, 9 percentage points lower than the long-term average. More than […]
On August 6, the National Development and Reform Commission (NDRC), the National Energy Administration (NEA), and the National Data Agency (NDA) issued the Action Program for Accelerating the Construction of a New Type of Electricity System (2024-2027) (the “Action Program”). The Action Program puts forward a number […]
The National Transportation Safety Board (NTSB) has said that the agency is investigating a recent accident that occurred on the evening of August 5 in Belle Glade, Florida, when an SUV drove into a canal, killing at least nine people, including six children, according to foreign media […]
August 7, 2024 – Rivian Automotive Inc., the electric vehicle (EV) manufacturer, has announced a notable increase in revenue for the second quarter of 2024, demonstrating strong business performance amid a rapidly growing market. The company also reaffirmed its full-year production and profitability outlook, signaling confidence in its ongoing operations and future growth. Rivian’s […]
August 7, 2024 – Ford Motor Company has announced a 31% year-over-year increase in its pure electric vehicle (EV) sales in the U.S. for July 2024. This significant growth underscores Ford’s strong performance in the electric vehicle sector and further solidifies its position in the global EV market. According to the data released by […]
According to foreign media reports, Hyundai, Kia, Tata and Mahindra are lobbying India’s most populous state, Uttar Pradesh, not to provide incentives for hybrid cars, saying that such a move would help their rivals, Toyota and Maruti Suzuki, and would also strike a blow to India’s goal of popularizing […]