Vietnamese automaker VinFast said the opening of its electric car plant in the US state of North Carolina will be delayed by three years, to 2028 from 2025 as originally planned, Bloomberg reported. In a statement, VinFast said the decision would allow it to “more effectively” manage short-term expenditures and focus its resources on short-term growth targets. minimise risk more effectively”. Bloomberg reports that the company’s decision will create new challenges for it as a global brand. In its annual outlook for electric vehicles, Bloomberg New Energy […]
The 14th China Automotive Forum (CAF), hosted by China Association of Automobile Manufacturers (CAAM), was held from 11th to 13th July, 2024 in Jiading, Shanghai. With the theme of “Leading New Changes, Winning New Future”, the Forum set up a number of meetings and supporting activities such as the “Closed Door Summit, General Assembly Forum, more than 10 thematic forums, 9 major releases, and thematic tours”, aiming to unite the strength of all parties, form a consensus on development, and guide the future direction. The aim is to gather the strength of all parties, form a development consensus, guide the future direction, and promote […]
Humanoid robots, i.e., robots or virtual systems with a body structure similar to the human body, have a wide range of applications in the real world. Their limbs and bodies are similar to those of humans, so they can mimic a variety of human movements, such as walking, crouching, jumping, and swimming. Computationally generating realistic movements of virtual humanoid characters may have interesting implications for the development of video games, animated movies, virtual reality (VR) experiences, and other media content. However, the environments depicted in video games and animations are often highly dynamic and complex, making it more […]
On July 11th, U.S. Energy Secretary Jennifer Granholm announced that General Motors plans to invest at least $900 million in a transformation of its automotive plant located in Lansing, Michigan, aimed at accelerating the production and adoption of electric vehicles. This initiative is expected to bolster Michigan’s leading position in the electric vehicle sector and inject new vitality and competitiveness into the U.S. automotive manufacturing industry. According to reports, General Motors will receive $500 million in government funding to support the comprehensive overhaul and modernization of the facility. This will include upgrading production facilities, introducing the latest electric vehicle technologies and manufacturing processes, and enhancing production efficiency and environmental […]
According to Reuters, Alexei Podshchekoldin, chairman of the Russian Automobile Dealers Association, said that Russia has been importing cars from China to supply the domestic market for the past two years, but payment problems between Russia and China triggered by U.S. sanctions have had a serious impact on this, Reuters reported. Some large banks have been deterred by the US threat of secondary sanctions against Chinese banks that facilitate Russian-Chinese trade. As a result, Russia and China have taken a number of complex measures to avoid payment delays, including workarounds such as using smaller Chinese regional banks. […]
According to foreign media reports, India’s Uttar Pradesh state (Uttar Pradesh) announced that it will exempt hybrid cars from some taxes and fees, a move that will reduce the price of hybrid cars by 10 per cent. This marks a big win for Toyota in its lobbying efforts, and raises industry and analyst expectations that other states may follow suit. The government of Uttar Pradesh, India’s most populous state, said in a notification issued on 5 July that, like electric cars, it will also exempt some hybrid vehicles from registration tax. Hybrid cars use both an electric motor and […]