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Trade News

Tesla’s Q2 China Revenue Soars Over 50% to $5.7 Billion

In the second quarter of 2023, Tesla‘s revenue in the Chinese market reached $5.731 billion, marking an impressive year-on-year increase of 51.33% from $3.787 billion in the same period last...

2023-07-26 5395
Trade News

Indonesia’s New EV Incentives Aim to Attract BYD and Tesla

According to recent reports from foreign media, Indonesia is currently finalizing a set of new incentives aimed at attracting investments from electric car manufacturers. Senior Indonesian Minister, Luhut Pandjaitan, disclosed...

2023-07-26 5903
Egypt

Egypt’s Presidential Initiative: A Move to Replace Obsolete Vehicles

Minister of Finance, Mohamed Maait, revealed that the state’s general treasury has allocated EGP 675 million for a green incentive program supporting the purchase of 27,225 new natural gas-powered vehicles....

2023-07-26 6086
Russia

Driving Revival: Chinese Cars Lead the Resurgence of Russia’s Auto Factories

China’s Influence on Russia’s Auto Industry: The Resurgence of the Moskvich The relaunch of the classic Soviet-era car, the Moskvich, by a state-owned company last November was hailed as a...

2023-07-26 6323
Russia

Russian Car Market Makes a Strong Recovery, Surging by 50% — Industry Association Reports

Russian Car Market Records 50% Recovery, Sales Reach Nearly 440,000 Units MOSCOW, July 19. The Russian car market has shown a significant recovery, growing by 50%, according to the President...

2023-07-26 5619
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 5931
Car News

What is the extent of BYD’s international sales and its performance in foreign markets?

So far, BYD has established production bases in various countries including the United States, Japan, Canada, Brazil, and India. They export new energy vehicles to numerous overseas countries and regions,...

2023-07-25 9125
Car News

Mercedes CEO: China to Lead Next EV Offensive from 2025 Onward

Despite facing temporary challenges in sales, German luxury automaker Mercedes-Benz is optimistic about the Chinese market’s potential. The upcoming e-architecture launching in 2025 will mark the beginning of Mercedes-Benz’s ambitious...

2023-07-25 7368
Car News

Li Auto Clarifies Reasons Behind Lawsuit Against Auto Film Store with Same Chinese Name

Li Auto, the Chinese electric vehicle manufacturer, has provided further explanation regarding its lawsuit against an auto film store that shares the same Chinese name. The company stated that it...

2023-07-25 6919
Car News

China’s Economic Planner NDRC Holds Meeting with 6 Private Firms, Including Nio

NDRC Engages with Private Firms, Including Nio, for Economic Insights (Image credit: Auto in China) China’s National Development and Reform Commission (NDRC) recently held meetings with several private companies, including...

2023-07-25 5529
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 6236
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 7174