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STMicro cuts FY revenue outlook as softer car demand weighs – ET Auto

Baua Electric

Weakness in auto and industrial demand have been weighing on the sector, while investors remain cautious amid high interest rates, with escalating tensions in the Middle East increasing fears. million expected by analysts in an LSEG poll. .

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China Car Sales Likely Hit New Record in April

Green Car Congress

Bolstered by government stimulus plans, sales of autos in China likely reached a record high of 1.15 China unveiled a support package for the auto industry early this year, cutting purchase taxes for cars with small engine capacities and providing subsidies to rural purchasers. People’s Daily.

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Nearly one in five cars sold worldwide in 2023 was electric: IEA | Autocar Professional

Baua Electric

Tax exemption for EV purchases and non-financial support remain in place, after an extension, as the automotive industry is seen as one of the key drivers of economic growth. In addition, China exported over 4 million cars in 2023, making it the largest auto exporter in the world, among which 1.2 million were EVs.

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Can green cars solve automotive crisis? The Green Piece

Green Cars News

The car maker is rumoured to be in so much trouble that it is considering closing a major auto assembly plant for the first time ever – the New United Motor Manufacturing Inc based in Fremont, California, which it shares with General Motors. However, the company’s bright spark remains its green efforts.

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As Detroit of Asia, Thailand goals battery makers to stick forward in EV race

Baua Electric

Changan Auto Co. are i’m ready to quickly finalize their funding plans, and Chery Automotive Co. Corporations making an investment no less than 5 billion baht in EV production will also be excepted from the 20% company tax price for 3 to 8 years. The people has already attracted 75 billion baht ($2.2 Superb Wall Motor Co.

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The electric year ahead: Every new EV coming to Australia in 2024

EV Central

At that price it just sneaks in under the government’s FBT exemption, which allows for electric cars below $89,332 to pay no fringe benefits tax when purchased via a novated lease. Chery Omoda 5 EV Chery Omoda 5 EV. The 250kW/679Nm dual-motor all-wheel drive e-Tron 55 Quattro is pricier, at $108,500 plus on-roads.

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Electric Car Watch #4: Toyota is the new Kodak

Plug In India

The entire auto industry has given up on investing in Hydrogen cars. The first car on the eTNGA platform was shown in this year’s Auto Shanghai motor show. The remaining 10 million cars were sold in countries that don’t matter in the global auto market, like Japan, India, Australia, Latin America etc.

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