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Russia

Kyrgyzstan announces strengthened control over Russia’s re-export trade

Introduction: In recent times, there have been speculations regarding the possibility of products supplied to Russia through certain countries, including Kyrgyzstan, facing sanctions due to Russia’s military actions and growing...

2023-07-26 5943
Uzbekistan

Understanding the Surprising Rise, Not Fall, of New Energy Electric Vehicle Prices in Central Asia

The prices of new energy electric vehicles (NEEVs) in Central Asian countries have remained notably higher than domestic ones, and this trend may persist until market supply and demand find...

2023-07-25 6244
Uzbekistan

Emerging Trends in Uzbekistan’s Electric Vehicle Import Market

Uzbekistan has emerged as a frontrunner in Central Asia’s electric vehicle import market. The country’s remarkable growth in brand diversity, competitive pricing, and rising import numbers has set it apart...

2023-07-25 7188
Uzbekistan

China’s Yutong Inaugurates Car Service Center in Uzbekistan

On July 11, 2023, Yutong Corporation, a prominent Chinese automaker, launched its latest 12-meter bus model, the Yutong ZK6128H, in Samarkand, Uzbekistan. The event also marked the grand opening of...

2023-07-25 7838
Russia

Chinese Automakers Secure 50% Share of Russia’s Auto Market

Chinese carmakers have significantly increased their presence in the Russian auto market, capitalizing on the departure of Western carmakers following the Ukraine invasion. In June, approximately 40,000 Chinese cars were...

2023-07-24 6537
Russia

Russia to Seize Parallel-Imported Cars and Heighten Vigilance against Counterfeit Used Car Exports

Recently, the Federal Customs Service of the Russian Federation has launched a special operation to crack down on the illegal trade of vehicles imported from Kyrgyzstan and Armenia at undervalued...

2023-07-24 6288
United Arab Emirates

BYD, China’s Electric Vehicle Manufacturer, Prepares EV Atto 3 to Compete with Tesla in the UAE

Dubai: China’s BYD, in partnership with Al-Futtaim, has emerged as the biggest competitor to Tesla in the electric vehicle (EV) market in the UAE. They have recently launched the Atto...

2023-07-23 6900
United Arab Emirates

Optimized English title: UAE Cabinet Approves Testing Self-Driving Vehicles on Its Roads

Abu Dhabi: The UAE has granted the first-ever license for self-driving cars to operate on its roads, following approval at a Cabinet meeting chaired by His Highness Sheikh Mohammed bin...

2023-07-23 6101
United Arab Emirates

Driving in the Fast Lane: Six Reasons Chinese Car Brands Thrive in the UAE

Over the past few years, Chinese car manufacturers have gained significant visibility on UAE’s roads. Glasgow Research & Consulting experts have identified six reasons contributing to the success of Chinese...

2023-07-23 7003
United Arab Emirates

Musk: Tesla Cars to Become More Affordable Amidst ‘Challenging Times’

Tesla CEO Elon Musk Signals Further Price Reductions Amidst Turbulent Times On Wednesday, Tesla CEO Elon Musk indicated that he would once again lower prices electric vehicles amidst what he...

2023-07-23 6913
Egypt

2023 Policy in Egypt: Over 42,000 Applications Received for Tax-Free Car Import Initiative Aimed at Expats

Minister of Finance Mohamed Maait revealed that a remarkable 42,000 applications have been submitted for the tax-free car import initiative designed for expats. So far, the initiative has resulted in...

2023-07-22 10794
Egypt

Simplified Car Importation for Egyptians Abroad: Exploring the Tax-Free Initiative

For years, Egyptians living abroad have faced challenges in importing their vehicles to Egypt, dealing with customs, taxes, and various complications. However, in October 2022, the Egyptian cabinet introduced a...

2023-07-22 9995