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 […]
On July 5, SAIC released a news release saying that in order to effectively safeguard its legitimate rights and interests and the interests of global customers, it will formally request the European Commission to hold a hearing on China’s temporary countervailing duty measures on electric vehicles, and further exercise […]
Gothenburg, Sweden, July 6, 2024 – Volvo Cars has announced a notable 8% year-on-year increase in global sales for the month of June, underscoring the company’s resilience and market appeal amidst ongoing industry challenges. The latest sales figures reveal Volvo’s continued momentum in key markets worldwide, bolstered by strong consumer demand for its diverse […]
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 […]
According to industry analysts, the Russian car market is poised for significant growth in 2024, with projected new car sales reaching up to 1.45 million units for the year. This expectation reflects optimism in the market driven by economic recovery and increased consumer confidence. As global supply chain issues gradually ease, Russian car […]