According to Reuters, on December 4, the Thai Investment Commission (BOI) said that Thailand will extend the production timetable of pure electric vehicles and provide incentive measures for hybrid electric vehicles to support the Thai automobile industry and make Thailand a Southeast Asia a Southeast Asia Production center of electrical vehicles in the area. Boi Secretary -General Narit Thermsterasukdi said at a press conference that so far, Thailand has imported 84,000 pure electric vehicles through the EV 3.0 plan. BOI also said that the unsatisfactory output commitment in the first electric […]
According to Bloomberg and Reuters, preliminary industry data released by British Automobile Manufacturers and Trade Associations (SMMT) show that in November this year, the number of new British vehicles registered decreased by 1.9%year -on -year to 153,610 units. Pure electric vehicles rose 58.4%year -on -year to 38,581 vehicles, and the overall market share also exceeded the prescribed target for the first time. The traffic research institution New Automotive said that one quarter of the new vehicles registered in the UK in November this year were pure electric vehicles, which was the highest share in the British monthly electric vehicle […]
Feintool, a Swiss automotive supplier, said on December 2 that it would close one of its plants in Germany and lay off up to 200 people due to weak demand for electric vehicles and uncertainty about the transition to renewable energy. Feintool plans to reorganize the production of motor rotors and stators and announced that it will close the unprofitable plant in Sachsenheim near Stuttgart, while moving most of the production to the Tokod plant in Hungary. In its stamping business unit, Feintool will focus on electrical lamination stamping. The research and development and tool making center and automated automotive production will be concentrated in Vaihingen near Sachsenheim. Feintool said […]
Preliminary industry data released by the Society of Motor Manufacturers and Traders (SMMT) showed that in November this year, new car registrations in the UK fell 1.9% year-on-year to 153,610, but due to record discount levels, the UK’s pure electric vehicles soared 58.4% year-on-year to 38,581, and the overall market share exceeded the prescribed target for the first time. New AutoMotive, a transportation research organization, said that a quarter of the new cars registered in the UK in November this year were pure electric vehicles, which was the highest monthly electric vehicle market share in the UK in the past two years. New AutoMotive said that the latest data shows […]
Sajjan Jindal, chairman and family owner of Indian steelmaker JSW, said JSW plans to launch its own electric car brand, marking the company’s entry into India’s growing electric car industry. Before announcing plans to launch an electric car brand, JSW announced in March this year a $1.5 billion joint venture with SAIC Motor to produce and sell MG-branded electric cars in the Indian market. In an interview, Jindal said that JSW plans to build an automobile plant in Aurangabad, Maharashtra, western India, which will exclusively produce its own brand of cars. This is also the first time that the company has revealed its goal of producing cars under its […]
According to foreign media reports, on December 3, the European Commission called for an EU fund with an additional 1 billion euros (about $ 1.1 billion) to support electric vehicle battery manufacturing because the current electric vehicle industry is facing pressure. The European Commission stated that the fund will become part of the 4.6 billion euros of the INNOVATION Fund to support the development of net zero technology and renewable hydrogen energy for the EU. European electric vehicle manufacturers are facing fierce competition from Asia. At the same time, consumers’ demand failed to meet expectations, resulting […]