The 14th China Automotive Forum (CAF), hosted by China Association of Automobile Manufacturers (CAAM), was held from 11th to 13th July, 2024 in Jiading, Shanghai. With the theme of “Leading New Changes, Winning New Future”, the Forum set up a number of meetings and supporting activities such as the “Closed Door Summit, General Assembly Forum, more than 10 thematic forums, 9 major releases, and thematic tours”, aiming to unite the strength of all parties, form a consensus on development, and guide the future direction. The aim is to gather the strength of all parties, form a development consensus, guide the future direction, and promote […]
On July 11th, U.S. Energy Secretary Jennifer Granholm announced that General Motors plans to invest at least $900 million in a transformation of its automotive plant located in Lansing, Michigan, aimed at accelerating the production and adoption of electric vehicles. This initiative is expected to bolster Michigan’s leading position in the electric vehicle sector and inject new vitality and competitiveness into the U.S. automotive manufacturing industry. According to reports, General Motors will receive $500 million in government funding to support the comprehensive overhaul and modernization of the facility. This will include upgrading production facilities, introducing the latest electric vehicle technologies and manufacturing processes, and enhancing production efficiency and environmental […]
According to Reuters, Alexei Podshchekoldin, chairman of the Russian Automobile Dealers Association, said that Russia has been importing cars from China to supply the domestic market for the past two years, but payment problems between Russia and China triggered by U.S. sanctions have had a serious impact on this, Reuters reported. Some large banks have been deterred by the US threat of secondary sanctions against Chinese banks that facilitate Russian-Chinese trade. As a result, Russia and China have taken a number of complex measures to avoid payment delays, including workarounds such as using smaller Chinese regional banks. […]
According to foreign media reports, India’s Uttar Pradesh state (Uttar Pradesh) announced that it will exempt hybrid cars from some taxes and fees, a move that will reduce the price of hybrid cars by 10 per cent. This marks a big win for Toyota in its lobbying efforts, and raises industry and analyst expectations that other states may follow suit. The government of Uttar Pradesh, India’s most populous state, said in a notification issued on 5 July that, like electric cars, it will also exempt some hybrid vehicles from registration tax. Hybrid cars use both an electric motor and […]
Stuttgart, Germany – Porsche has announced its commitment to phase out production of certain internal combustion engine (ICE) models, marking a significant shift towards electric vehicles (EVs) in its lineup. This decision reflects Porsche’s strategic vision to prioritize sustainable mobility and respond to growing global demand for electric cars. The move comes as part of Porsche’s broader strategy to embrace electrification and reduce its carbon footprint. By discontinuing ICE models, Porsche aims to accelerate the adoption of electric vehicles while maintaining its reputation for high-performance and luxury. “We are moving towards a future where electric mobility plays a central role in our product portfolio,” stated Oliver Blume, Chairman of […]
Oslo, Norway – Tesla has announced a significant milestone in Norway, having established over 2,000 charging stations across the country. This development underscores Tesla’s ongoing expansion in the European market and successful implementation of its electric vehicle sales strategy. Norway, known for having one of the highest rates of electric vehicle adoption globally, holds strategic importance for Tesla. The increase in Tesla’s charging infrastructure density and quantity not only supports the daily charging needs of existing Tesla owners but also aims to attract more potential consumers to choose electric vehicles. “Establishing a network of 2,000 charging stations in Norway is a crucial milestone in our service expansion,” stated […]