Porsche Automobil Holding, the parent company of Volkswagen AG, has announced a downward revision to its projected after-tax earnings for the fiscal year 2024. The company now expects its after-tax profits to range between €3.5 billion and €5.5 billion (approximately $3.78 billion to $5.94 billion USD). This adjustment reflects various factors impacting Porsche’s financial […]
According to Reuters, on July 8, the Italian automotive industry federation (FIM-CISL) said that if the Italian government’s recently launched car purchase incentives can not boost demand, especially electric vehicle demand, car maker Stellantis this year’s car production in Italy may fall by about one-third. Stellantis’ […]
According to foreign media reports, the BeiDou satellite navigation system (BDS) is undergoing a major upgrade to meet the growing demand for high-precision positioning in various fields. The new service aims to provide decimeter-level accuracy within minutes, a significant improvement over existing capabilities. This advancement is critical for […]
Canada is one of the favored immigration destinations for Chinese. According to a demographic analysis by Statistics Canada, as of 2021, about 1.8 million Chinese will live in Canada, accounting for about 5 percent of the total population. However, Canada’s policy is quite cautious when it comes […]
With the rapid development of the Internet, DIY car dent repair tools have become popular among more and more car owners. These tools not only allow car owners to easily repair minor car dents at home, but also effectively save repair costs, becoming a new favorite of many car owners. Traditionally, repairing car dents […]
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 […]