Beijing, July 8, 2024 – Chinese leading electric vehicle manufacturer BYD announced its intention to acquire a 20% stake in its long-standing distributor in Thailand, aimed at enhancing its market presence and influence in Southeast Asia. Through its subsidiary BYD International, BYD has reached an agreement with its Thai distributor to acquire equity in […]
In the “dual-carbon” goal driven by the accelerated transformation process of transportation electrification, power battery innovation has become the key to strengthen the level of competition in new energy vehicles, to create national industrial competitiveness, solid corporate competitive advantage. This year, both vehicle companies, or power […]
Although facing a variety of unfavorable factors, global electric vehicle sales will continue to grow. A few days ago, Bloomberg New Energy Finance (BNEF) released its Long-Term Electric Vehicle Outlook report, predicting that market penetration of electric vehicles is still growing. Rapidly declining […]
Gothenburg, Sweden, July 6, 2024 – Volvo Cars has announced a notable 8% year-on-year increase in global sales for the month of June, underscoring the company’s resilience and market appeal amidst ongoing industry challenges. The latest sales figures reveal Volvo’s continued momentum in key markets worldwide, bolstered by strong consumer demand for its diverse […]
Detroit, USA, July 6, 2024 – Ford Motor Company has reported impressive growth in electric vehicle sales in its latest quarterly sales figures, trailing only industry leader Tesla. This marks significant progress for Ford in the electric vehicle market, showcasing ongoing efforts and achievements in transitioning to an electric vehicle manufacturer. According to Ford’s […]
On July 4, local time, the European Commission issued a notice saying that it had decided to impose temporary countervailing duties on imports of electric vehicles (BEVs) from China after a nine-month countervailing investigation into BEVs. The temporary tariffs apply to some Chinese automakers, including […]