According to Reuters, on November 12, German Automotive Manufacturers Volkswagen Group and American electric vehicle startup Rivian announced that Volkswagen will increase its investment in RIVIAN, which has increased by 16%to 5.8 billion US dollars to start the two parties to start the two parties. The […]
According to Reuters, recently, Hyundai Motor India, the second largest car manufacturer in India, released its first financial report after its listing. In the last quarter, the company’s quarterly profit decreased by 16.5%due to the decline in domestic sales in India and the tension of the Red […]
According to the European Automobile News, a spokesman for Volkswagen Group on November 12 said the company failed to find a buyer for its Audi factory in Brussels, which may cause the factory to be closed. It is reported that a potential investor […]
According to Reuters, Southeast Asian Industrial Park developers said that there have been companies that have always moved factories from China to Southeast Asia. If the next President of the United States Trump imposed high tariffs on products imported from China, it is expected that this trend will […]
According to Automotive News, automotive seat supplier Adient’s net profit and comprehensive revenue declined last quarter due to difficulties in the European and American markets. From July to September this year, Adient’s revenue fell 4% year-on-year to $3.562 billion; net profit was $79 million, a year-on-year decrease of 41%; adjusted EBITDA remained stable at $235 […]
After a week of technical negotiations in China, the two sides said that they had made some progress in reducing or withdrawing “the EU’s tariffs on Chinese electric vehicles.” The European Commission said the negotiations had made “technical progress,” and the Chinese Ministry of Commerce agreed in a separate statement. Previously, both the EU and […]