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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 Assuming the CAAM figures are borne out by official data, April would be the fifth straight month of growth for the industry. People’s Daily. Official figures for vehicle production and sales are scheduled for release next Monday.

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

Baua Electric

The year 2023 was the first in which China’s New Energy Vehicle (NEV) 3 industry ran without support from national subsidies for EV purchases, which have facilitated expansion of the market for more than a decade. As the market matures, the industry is entering a phase marked by increased price competition and consolidation.

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Can green cars solve automotive crisis? The Green Piece

Green Cars News

With few of us having the cash or credit to buy an expensive new addition, the bottom seems to have fallen out of the automotive industry which has been plunged into crisis. Part of the swing in culture has been a downturn in new car sales. However, the company’s bright spark remains its green efforts. However, he faces strong competition.

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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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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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White House warns that Chinese EVs could collect your data and send it back to China

Baua Electric

The US has imposed extra tariffs on Chinese EVs since 2019, with US officials having long warned that China poses a threat in data security, and the new measure could have broad implications across a number of industries, the report said. FTC: We use income earning auto affiliate links. FTC: We use income earning auto affiliate links.

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