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Gulf oil giants Saudi Aramco, Adnoc set sights on lithium – ET Auto

Baua Electric

But Saudi Arabia and the UAE can draw on expertise in handling oil brine and wastewater at oil production sites. Lithium prices have fallen by about 80% since touching a peak in November 2022 as a slowdown in EV sales exacerbated a supply glut. The three sources declined to be named because they were not authorised to speak publicly.

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Indian automotive aftermarket expected to reach USD 14 billion by 2028: E&Y report – ET Auto

Baua Electric

In addition, another close to 100 exhibitors will be participating in two exclusive Auto Components Pavilions showcasing products and solutions for OEMs, the release said. The pre-owned cars sales are projected to grow around 17.5% Vinnie Mehta , Director General of ACMA, said, “The Indian auto component makers witnessed a promising 7.5%

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Bad News: Record Oil Imports into China in 2023

CleanTechnica EVs

More than half of the world’s EV sales have occurred there in recent years. In 2023, 25% of auto sales in China were sales of full electric vehicles. China is well known as the world’s leading electric vehicle (EV) market. It is a standard of the rapid, uplifting EV revolution.

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Borgward expanding to the Middle East; westwards from China

Green Car Congress

Borgward will systematically continue to globalize its activities by entering the markets of Middle Eastern countries such as Bahrain, Kuwait, Qatar, the United Arab Emirates (UAE), and Iran. —Tom Anliker, Vice President Marketing & Sales at Borgward Group AG. As announced, we will boost growth further and open up new markets.

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Wardwizard eyes fresh funds of USD 180 million | Autocar Professional

Baua Electric

Sales growth targets The company aims to double its sales growth from around 45,000 units in FY24 to 75,000 to 1 lakh units by the end of FY25. They also plan to produce electric trucks for the UAE market over a three-year period. tonnes and 2.5

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VinFast’s (VFS) global EV dealer network grows following new agreement in Middle East

Baua Electric

As part of the agreement, BAT will establish and operate 13 VinFast stores and service centers over the next three years, with initial sales in the Middle East commencing in mid-2024. FTC: We use income earning auto affiliate links. To begin, BAT will sell four VinFast SUV models: the VF 6, VF 7, VF 8, and VF 9.

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India’s automotive aftermarket is likely to grow to USD 14 billion by 2028: ACMA-E&Y study  | Autocar Professional

Baua Electric

The insights from the research highlight unique opportunities for the Indian auto component aftermarket players. India, being the third-largest automobile market in the world in terms of sales and the largest manufacturer of two-wheelers and tractors, augurs well for aftermarket growth.