According to Reuters, sources said that India plans to relax the range of electric vehicle subsidies and no longer limited to car manufacturers in new factories in India, and car manufacturers who produce electric vehicles in India’s existing factories can also enjoy the subsidy. The Indian electric vehicle policy was originally aimed at encouraging American car manufacturers Tesla to enter the Indian market and produced electric vehicles in the local area, but Tesla canceled these plans earlier this year. India is still finalizing its electric vehicle policy. According to the meeting of the Indian Ministry of Industry, other foreign car […]
According to foreign media reports, on November 29, S & P Global said in a report that if the United States impose import tariffs on Europe, Mexico and Canada, the total core profit of European and American auto manufacturers may be It will lose as high as 17%and warn that the credit rating of relevant enterprises may be reduced. S & P said that Volvo and Jaguar Land Rover are mainly produced in European luxury car manufacturers, as well as general cars and Stellandis groups that assemble a large number of cars in Mexico and Canada, the most […]
In October, the last month before the EU’s tariffs on Chinese electric cars officially took effect, Chinese electric car companies’ sales in Europe fell. According to data from research firm Dataforce, Chinese electric car companies such as SAIC MG and BYD accounted for 8.2% of European electric car registrations in October, down from 8.5% in September this year, and also lower than the same period last year for the fourth consecutive month. However, BYD is continuing to expand its influence in Europe. Data from Jato Dynamics, which tracks the automotive market, showed that BYD’s European sales in October more than doubled year-on-year to 4,630 vehicles, surpassing SAIC MG, which […]
If Japanese automakers Nissan and Honda merge, it will provide more room for cost cutting, profitability and more effective investment in electric vehicles and other technologies. Nissan, which is currently valued at $9 billion, is in even more trouble: poor performance prompted Nissan to make emergency adjustments this month. Nissan CEO Makoto Uchida’s turnaround plan includes cutting 9,000 employees worldwide and reducing production capacity by 20%. Visible Alpha predicts that Nissan’s automotive division operating profit margin may be only 0.4% by the end of March 2026. Honda, which is valued at $40 billion, is also performing poorly. Currently, Honda’s automotive manufacturing business has an operating profit margin of only […]
According to Bloomberg, in October this year, the last month before the EU’s tariffs on China Electric Motors was officially effective, sales of Chinese electric vehicle companies declined in Europe. Data from the research institution DataForce show that the European sales volume of Chinese electric vehicle companies such as SAIC (MG) and BYD accounted for 8.2%of European electric vehicle registration in October, which is reduced from 8.5%in September this year, and it is also continuously ranked continuously in a row Four months lower than the same period last year. However, BYD is continuing to […]
According to Bloomberg, the German government is preparing to invest billions of euros in the German semiconductor industry. Two people familiar with the matter said that the total subsidy provided by Germany is expected to be about 2 billion euros. The German Ministry of Economic A spokesman Annika Einhorn stated in a statement that Germany will provide new funds for chip companies to fund 10 to 15 projects, including Silicon wafer production and micro -chip assembly. “These funded projects should help establish a powerful and sustainable microelectronics ecosystem in Germany and Europe.” Earlier this month, the […]