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Weimar Motors Announces New Car ‘Ready to Set Sail,’ Expected to Resume Work and Production Soon
2023-07-26 Trade News / News
On July 25th, WM Motor made an official announcement on its official Weibo, stating that their new car is "ready to go" and prepared to set sail. The company shared photos of the new car parked in front of a freighter, but the specific destination for the new car's export…
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Tesla’s Q2 China Revenue Soars Over 50% to $5.7 Billion
2023-07-26 Trade News / News
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 year. The Chinese market revenue accounted for 22.99% of Tesla's global revenue of $24.927 billion for the same quarter. Tesla's…
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Indonesia’s New EV Incentives Aim to Attract BYD and Tesla
2023-07-26 Trade News / News
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 on July 25 that the government is actively engaging in negotiations with prominent companies like Tesla and BYD. Luhut Pandjaitan,…
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Egypt’s Presidential Initiative: A Move to Replace Obsolete Vehicles
2023-07-26 Egypt / Local News / News
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. As part of the presidential initiative to eliminate obsolete vehicles and promote environmental sustainability, citizens can now request to replace…
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Driving Revival: Chinese Cars Lead the Resurgence of Russia’s Auto Factories
2023-07-26 Russia / Local News / News
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 symbol of Russia's auto industry's resilience in the face of Western sanctions. Moscow's mayor, Sergei Sobyanin, praised the event, stating…
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Russian Car Market Makes a Strong Recovery, Surging by 50% — Industry Association Reports
2023-07-26 Russia / Local News / News
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 of the Russian Automobile Dealers Association, Aleksey Podschekoldin, during a press conference on Wednesday. "The current situation indicates that the…
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