Recently, Chinese automaker Chery announced the official launch of its automobile assembly operations at a factory in Russia. This initiative marks a significant step in Chery’s global expansion strategy, aimed at meeting local consumer demands while enhancing the company’s international presence. According to Chery’s official statement, the assembly line in Russia will primarily produce several popular models, including SUVs and sedans. Chery noted that this move will not only help reduce production costs but also improve supply chain flexibility, allowing for quicker responses to market needs. The factory, located near Moscow, is equipped with advanced production technology and is expected to create hundreds of jobs in the region […]
on October 10, Akio Toyoda, chairman of Japanese automaker Toyota Motor, said that a pure electric future would lead to job losses for people working in engine-related technical jobs (including suppliers). “Including those who have been working in engine-related jobs for a long time, there are 5.5 million people working in the automotive industry in Japan. If pure electric vehicles become the only option, many people, including our suppliers, will lose their jobs,” Toyoda told the media. In addition, Akio Toyoda added that he likes fuel vehicles. Toyota has always been more cautious about electric vehicles than other manufacturers. With global electric vehicle sales slowing and market demand for […]
As Japanese automakers gradually withdraw from the Chinese market, the latest data shows that Japanese companies’ investment in China in 2024 fell by 16% year-on-year. This trend has attracted widespread attention and industry insiders have expressed concerns. In recent years, competition in the Chinese market has become increasingly fierce, especially in the field of new energy vehicles. The rise of local companies such as Tesla and BYD has put tremendous pressure on Japanese automakers. Many Japanese auto brands face the challenges of declining market share and weakening profitability and have to reduce their investment in China. According to relevant data, in 2023, Japanese automakers’ investment in China was […]
At the highly anticipated Technology Day event, Foxconn officially unveiled two new electric vehicle models-MODEL D and MODEL U. This launch marks a significant breakthrough for Foxconn in the electric vehicle sector, highlighting its foresight and innovation in smart mobility. MODEL D is a compact electric sedan designed for urban driving, emphasizing efficiency and affordability. Equipped with a high-performance battery, it offers a range of up to 450 kilometers, making it ideal for daily commutes. MODEL D also features a range of advanced driver assistance systems, enhancing safety and driving enjoyment. MODEL U, on the other hand, is a luxury electric SUV targeting the high-end market. With […]
On October 4th, representatives of EU member states voted to pass the draft of the European EU EU’s anti -subsidy case submitted by the European Commission, and planned to levy the final anti -subsidy tax on electric vehicles native to China. In this regard, Tania Gina, director of the German Industry Federation, issued a statement saying that the German industry called for continuing to continue negotiations to prevent trade conflicts from upgrading. Tania Gina issued a statement that the relevant decision should not end the conversation between the two sides. The German industry called for continuing […]
On October 4th, representatives of EU member states voted to pass the draft of the European EU EU’s anti -subsidy case submitted by the European Commission, and planned to levy the final anti -subsidy tax on electric vehicles native to China. In this regard, the European Union and the Chinese Chamber of Commerce strongly call on the European side to act prudently, delay the implementation of tariffs, and strive to friction and differences through dialogue and consultation. In the statement of the EU China Chamber of Commerce, on October 4, 2024, the media reported that EU member states […]