Renault Group CEO Luca de Meo said the European auto industry may face a 15 billion euro ($17.4 billion) fine for carbon emission overruns due to a slowdown in demand for electric cars, Reuters reported. By 2025, automakers in the European Union will face stricter CO2 emissions targets. Compared to the limit of 116 grams of CO2 emissions per kilometer that will come into effect in 2021, the EU has set the average CO2 emissions for new cars on sale in 2025 to be 93.6 grams per kilometer. In an interview with France Inter radio […]
In an effort to stimulate the automotive market and boost economic growth, the Vietnamese government has recently announced a 50% reduction in the registration tax for new cars. This policy aims to ease the financial burden on consumers, further promote car sales, and drive the development of related industries. According to the government announcement, starting immediately, the new car registration tax will be reduced from 5% to 2.5%. This move is one of the measures taken by the Vietnamese government to address the challenges posed by global economic slowdown and reduced domestic consumer demand. In recent years, the Vietnamese automotive market has faced slow growth, mainly due to […]
September 6, 2024 – General Motors (GM) has announced that former Visa CEO Al Kelly has officially joined its Board of Directors. This appointment marks a significant step for GM as it continues to advance its global business strategy and digital transformation. Al Kelly, during his tenure at Visa, successfully led the company’s digital payment and fintech innovations and achieved notable results in expanding Visa’s global footprint. Under his leadership, Visa strengthened its position in the digital payment sector and established key technological and strategic partnerships. Kelly’s extensive experience and deep background are expected to inject new energy into GM’s business development. Mary Barra, Chairperson of General Motors, said […]
At the upcoming Paris Motor Show this month, Renault will unveil a highly anticipated new model-the Renault 4 small electric car. This new electric vehicle not only embodies Renault’s vision for the future of mobility but also represents a significant advancement in the realm of compact electric cars. A Perfect Blend of Classic and Modern The Renault 4 is one of Renault’s most beloved classic models, first introduced in the 1960s. Its simple yet practical design won the hearts of many car owners. This time, Renault combines classic design elements with modern electric technology to introduce the new Renault 4 small electric car, showcasing the brand’s unique perspective on […]
According to Bloomberg, Turkey is working with China to jointly exploit rare earth element deposits, a potential partnership that could make Turkey more attractive to Chinese electric car and battery makers. Earlier this year in July, Turkish President Recep Tayyip Erdogan reportedly met with Chinese President Xi Jinping in Kazakhstan and held talks on cooperation with China to develop rare earths. Sources close to the matter said that the Turkish government has planned to send its Energy Minister Alparslan Bayraktar to lead a delegation to China in October this year for further talks. Previously, Turkey has formally […]
Tesla plans to launch its FSD advanced driver assistance system in China and Europe in the first quarter of next year and is currently awaiting regulatory approval, according to foreign media reports. On September 5, Tesla AI, Tesla’s official account on social media platform X, published a technology release roadmap outlining the upcoming technologies. The move suggests that Tesla is on track to receive approval for FSD from Chinese and European authorities. Tesla sees FSD as one way to boost its sales and get ahead of its Chinese competitors. Currently, Tesla’s Chinese competitors are working on similar driver assistance systems. […]