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GAC Group begins construction of $6.5B industrial park for electric and intelligent vehicles

Green Car Congress

China-based automobile manufacturer Guangzhou Automobile Group (GAC Group), the parent company of GAC Motor, has begun construction of a large industrial park for electric and intelligent vehicles as part of its efforts to boost its electric vehicle business. billion yuan (US$679 million). Click to enlarge.

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Top 5 Truck Companies in the World With the Potential to Revolutionise the Logistics Sector

Get Electric Vehicle

We don’t have to stress the point that, the automobile industry is going all-electric. Earlier, electric vehicles were used extensively in manufacturing plants for material handling and stocking purposes. Volvo Trucks has produced the VNR Electric, a zero-emission truck designed for regional use in North America.

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Are Rising EV Inventories Proof Nobody Wants Them?

The Truth About Cars

Despite elevated fuel prices, aggressive marketing, and most companies vowing to transition toward building electrified automobiles exclusively, America has an EV supply of more than 100 days on dealer lots. share of battery electric vehicles has grown from a negligible fraction of a percent to over 6 percent between 2018 and 2023.