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 […]
VinFast, the Vietnamese automaker renowned for its innovative approach to electric vehicles (EVs), is contemplating a strategic move into the Indian market with plans to manufacture electric cars. This expansion initiative aims to capitalize on India’s burgeoning demand for sustainable mobility solutions and marks a significant step in VinFast’s global expansion strategy. With India […]
In a landmark projection, industry analysts foresee Chinese automakers seizing a commanding 33% share of the global automotive market by the year 2030. This ambitious growth target underscores China’s rapid ascent as a powerhouse in the automotive industry, driven by technological innovation, robust domestic demand, and strategic global expansions. With China already standing as the […]
According to industry analysts, the Russian car market is poised for significant growth in 2024, with projected new car sales reaching up to 1.45 million units for the year. This expectation reflects optimism in the market driven by economic recovery and increased consumer confidence. As global supply chain issues gradually ease, Russian car […]
A new report released by the consulting company ALIXPARTNERS recently shows that it is expected that Chinese auto manufacturers will continue to expand rapidly in overseas markets, and will account for 33%of the global automotive market by 2030. In […]