According to foreign media reports, tariffs on electric vehicle batteries and materials imported from China increased by more than triple to 25% in 2024, forcing Volvo Cars to produce pure electric flagship SUV EX90 (the main model of Volvo) in the United States The pure electric version of XC90 is looking for domestic battery suppliers in the United States. The EX90 is assembled at Volvo’s factory in Ridgeville, South Carolina, USA, using batteries supplied by CATL. But Volvo Cars CEO Jim Rowan said higher tariffs put pressure on EX90’s profits. “We are currently working to find domestic […]
In order to enhance team cohesion and improve employee happiness, Shenzhen Zhizong Sihai Technology Co., Ltd. organized all employees to go to Dapeng New District on January 15, 2025 for a one-day team-building activity. The theme of this activity is “Ride the wind and waves, climb to the top”, aiming to relax everyone through a variety of team activities, enhance communication, and devote themselves to future work with more enthusiasm. Set sail and go to the mountains and seas together On the morning of the event, everyone took a cruise ship to the sea, facing the sea breeze, feeling the vastness and magnificence of the sea. Under the […]
According to foreign media reports, on February 11, Jaguar Land Rover announced in a statement that it plans to invest $180 million in its North American technology center in the next decade to develop self-driving cars and interconnected technologies. Jaguar Land Rover spokesman David Wrottersley revealed in an email that the investment will be distributed evenly over the next decade and will be dedicated to the company’s operating costs and engineering development at the Tech Center in Portland, Oregon, USA. Wrottersley said the investment is part of Jaguar Land Rover’s “Reimagine” plan, […]
According to the U.S. Automotive News, a report written by consulting firm Dunne Insights for European Initiative for Energy Security (EIES) said that European automakers should act quickly and decisively to shake China’s battery and Dominance in the electric vehicle field and seeking to establish more cooperation with non-Chinese companies. Traditional European automakers should embrace Tesla and try to capitalize on Tesla’s growing presence in Europe, the report said. Dunne Insights believes that working closely with Tesla to assess its demand for battery supply chain, mineral processing and recycling in Europe may bring opportunities for European companies. […]
According to foreign media reports, Japanese automaker Isuzu will invest 43 billion yen ($280 million) to build a new automobile manufacturing plant in South Carolina, USA to deal with the new tariff policy implemented by US President Trump. Trump’s tariff policy will put high tariffs on cars and parts imported from Mexico and Canada into the United States, causing trouble for automakers relying on manufacturing plants in the two countries. Currently, many car companies produce cars in Mexico and Canada and export them to the US market. Isuzu said on February 12 […]
According to Nikkei News, on February 11, Nissan, which is deeply in a performance crisis, may usher in a net loss for the first fiscal year in nearly five years. The average market expectation of QUICK Consensus shows that Nissan’s net loss may reach 225.9 billion yen (about 1.5 billion US dollars) in fiscal 2024 (April 2024 to March 2025), which is Nissan’s fiscal 2020 The worst performance after a net loss of 448.7 billion yen due to the impact of the epidemic. Meanwhile, QUICK data shows that Nissan’s operating profit is expected to be 140.3 billion yen in fiscal 2024, down […]