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Jul 13, 2024Uttar Pradesh Reduces Hybrid Car Taxes, Toyota Likely To Benefit The MostAccording to media reports, the state of Uttar Pradesh in India has announced a reduction in taxes for hybrid vehicles, effectively lowering their prices by 10%. This move marks... -
Jul 11, 2024JPMorgan Raises BYD's Target Stock Price By Over 80%Thanks to its global expansion and potential growth opportunities in the plug-in hybrid vehicle market, BYD's stock rating may be upgraded in the next 1 to 2 years. Accordin... -
Jul 11, 2024Demand For Electric Vehicles Declines, Mercedes Slows Battery PlansAccording to media reports, Mercedes-Benz CTO Markus Schaefer stated on July 8 that the company will wait to see if demand for electric vehicles rebounds before increasing batte... -
Jul 10, 2024South Korea's Automotive Exports Hit Record High in First Half Of 2024According to Korea JoongAng Daily, South Korea's automotive export value reached a new high in the first half of this year, driven by the rising sales of high-profit hybrid ... -
Jul 10, 2024Porsche To Persist With Phasing Out Some Internal Combustion Engine ModelsAccording to Reuters, Porsche's head of production has stated that despite the recent weak demand for battery-powered vehicles, Porsche will continue its plan to transition ... -
Jul 09, 2024Hyundai Motor's First-Half Sales in India Hit Record High, But Market Share D...According to The Korea Economic Daily, Hyundai Motor Company achieved a record high in vehicle deliveries in India for the first half of this year, but its market share has decr... -
Jul 09, 2024Desay SV's Spanish Smart Factory Officially Breaks Ground, Expected To Be Com...Recently, Desay SV's Spanish smart factory officially broke ground in Linares, Andalusia. The factory is expected to be completed by the end of 2025 and will start supplying... -
Jul 08, 2024Tesla's German Factory Expansion Approved By German Environmental AuthorityAccording to media reports, the environmental authority in Brandenburg, Germany, has approved Tesla's application to expand its factory in Gruenheide, removing an obstacle f... -
Jul 08, 2024BYD To Acquire 20% Stake in Its Thai DistributorAccording to Bloomberg, following the recent commencement of production at BYD's Thai factory, BYD will acquire a 20% stake in its official Thai distributor, Rever Automotiv... -
Jul 07, 2024BYD's Thailand Plant Commences ProductionOn July 4th, BYD held a ceremony in Rayong, Thailand to mark the completion of its Thailand plant and the rollout of its 8 millionth new energy vehicle. BYD announced that it to... -
Jul 07, 2024EU Imposes Tariffs On Chinese Electric VehiclesAccording to information released by the European Commission, on July 4th local time, nine months after initiating an anti-subsidy investigation, the European Commission imposed... -
Jul 06, 2024Ford's Q2 EV Sales Surge, Second Only To Tesla in The USIn the first half of 2024, Ford's electric vehicle sales in the United States increased by 72% year-over-year. According to foreign media reports, in the second quarter, For...
