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. […]
According to foreign media reports, the Munich research institute Ifo Institute said that due to automakers including Volkswagen Group to reduce the output of high-cost factories, the German automotive industry’s capacity utilization rate has fallen to about 78%, 9 percentage points lower than the long-term average. More than 43 percent of respondents complained of a lack of orders, compared with 29 percent in April this year. On August 5, Ifo announced that business expectations for the German automotive industry slipped from “-9.5 points” in June this year to “-18.3 points” in July this year. Over the past few […]
On August 6, the National Development and Reform Commission (NDRC), the National Energy Administration (NEA), and the National Data Agency (NDA) issued the Action Program for Accelerating the Construction of a New Type of Electricity System (2024-2027) (the “Action Program”). The Action Program puts forward a number of specific initiatives in response to the actual situation of rapid development of electric vehicle charging infrastructure. Among them, the Electric Vehicle Charging Facilities Network Expansion Action is also listed as one of the nine special actions to be focused on in 2024-2027. As China’s new energy vehicle development into […]