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 […]
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 […]
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 […]