Berlin, July 8, 2024 – Tesla announced today that its expansion plan for the factory in Brandenburg, Germany has received approval from local authorities, marking a significant step in the company’s further expansion into the European market and enhancement of its production capacity. In a statement, Tesla confirmed that the government of Brandenburg has […]
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 […]
McLaren Automotive CEO Michael Leiters said that the UK needs to recognize that it cannot compete on the cost of mass-produced cars and should instead focus on driving the manufacture of high-value cars, according to Automotive News Europe. Speaking at a conference […]
On July 5, SAIC released a news release saying that in order to effectively safeguard its legitimate rights and interests and the interests of global customers, it will formally request the European Commission to hold a hearing on China’s temporary countervailing duty measures on electric vehicles, and further exercise […]
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 […]