September 2, 2024 – Hyundai Motor Company has announced a 5.3% year-on-year decline in global sales for August 2024, marking a notable dip in its performance across international markets. The decrease in sales comes amid a challenging global automotive landscape characterized by fluctuating consumer demand and supply chain disruptions. According to Hyundai’s latest report, […]
September 2, 2024 – French car sales experienced a dramatic decline of 24.3% in August 2024, marking one of the steepest drops in recent years. The sharp downturn in the automotive market has raised concerns about the sector’s health and the broader economic implications. The latest figures released by the French Automobile Manufacturers’ Association […]
September 2, 2024 – Magna International Inc., in collaboration with the China Council for the Promotion of International Trade (CCPIT) Automotive Sub-Council, has released a groundbreaking report titled “Blueprint for the Globalization of the Chinese Automotive Industry.” This comprehensive study marks a significant step in understanding and shaping the international expansion of China’s automotive sector. […]
September 2, 2024 – According to the latest data, new car sales in Europe for July 2024 remained stable compared to the same period last year, with no significant growth or decline observed. However, Germany has experienced a notable drop in electric vehicle (EV) sales, drawing widespread attention from industry experts. The European Automobile […]
On August 29, U.S. Trade Representative Katherine Tai strongly supported Canada’s imposition of 100 percent tariffs on Chinese-made electric cars, as well as 25 percent tariffs on steel and aluminum imports from China, Reuters reported. This comes after the U.S. imposed similar tariffs on Chinese products. […]
According to foreign media reports, due to further weakness in electric vehicle demand in Germany, Europe’s largest auto market, European car sales in July were essentially flat year-on-year. On August 29, the European Automobile Manufacturers’ Association (ACEA) released data showing that in July this year, new car […]