Thailand has approved a series of incentives to strongly advocate joint ventures between domestic and foreign companies to produce auto parts, the Board of Investment (BOI) said on August 8, Reuters reported. The BOI said that new joint ventures, as well as existing parts manufacturers that already enjoy incentives but are in the process of transforming into joint ventures, are eligible to receive an additional two years of tax exemptions if they apply before the end of 2025, but the total number of years of exemptions shall not exceed eight years. Meanwhile, the Board of Investment of Thailand (BOI) said that in order to qualify for the […]
On Aug. 8, South Korea’s environment ministry said it plans to hold an emergency meeting next week to discuss fires involving electric vehicles, including fires that cause widespread damage, and to develop preventive measures against such accidents, Reuters reported. Korea’s Ministry of Land, Infrastructure, Transport and Tourism and Ministry of Industry, Trade and Resources, as well as other state agencies such as the National Fire Agency, will also participate in next Monday’s (Aug. 12) meeting, the environment ministry said. The South Korean government plans to announce comprehensive measures on preventing electric vehicle fires soon, the ministry added. Yonhap […]
According to a new report, the UK is in the top 10 globally for innovation in three key technology areas – automotive, artificial intelligence and telecoms. However, the country is still lagging behind global leaders, suggesting that the UK government needs to do more to close the gap with leading countries The data comes as the new UK Labour government is working to achieve economic growth through public and private investment in science and technology. Industry is calling on the UK to develop an IP strategy to support growth and promote innovation. Implementing these will play a vital role if the UK is to […]
August 9, 2024, Shenzhen BYD held a grand press conference in Shenzhen today, announcing that its first model equipped with laser radar is officially launched. This news marks BYD’s important progress in the field of intelligent driving and brings new changes to the automotive industry. Breakthrough in laser radar technology The new model is equipped with the latest laser radar system, which has high-precision and high-resolution detection capabilities, and can achieve accurate obstacle identification and path planning in various complex environments. The introduction of laser radar means that BYD’s capabilities in intelligent driving technology have been significantly improved, providing users with a higher level of driving safety and convenience. […]
The National Transportation Safety Board (NTSB) has said that the agency is investigating a recent accident that occurred on the evening of August 5 in Belle Glade, Florida, when an SUV drove into a canal, killing at least nine people, including six children, according to foreign media reports. Reports say that six children between the ages of 1 and 14 were killed in the accident. Three other women were also killed, including the 56-year-old driver. A 26-year-old male passenger was the only survivor. The Palm Beach County (Palm Beach County) Sheriff’s Office (PBSO) said that four people died at the scene following […]
August 7, 2024 – Rivian Automotive Inc., the electric vehicle (EV) manufacturer, has announced a notable increase in revenue for the second quarter of 2024, demonstrating strong business performance amid a rapidly growing market. The company also reaffirmed its full-year production and profitability outlook, signaling confidence in its ongoing operations and future growth. Rivian’s second-quarter financial report reveals a significant rise in revenue, attributed to the continued strong demand for its electric vehicles, particularly the R1T pickup truck and the R1S SUV. The company has successfully ramped up production capabilities and improved its supply chain efficiency, contributing to the revenue boost. Despite the challenges of scaling up production […]