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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. . decline in its quarterly revenue to USD 21.3 It plans to cut 6,020 jobs.

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China Car Sales Likely Hit New Record in April

Green Car Congress

Assuming the CAAM figures are borne out by official data, April would be the fifth straight month of growth for the industry. 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.

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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

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. Changan Auto Co. and GAC Aion Fresh Power Automotive Co. may be in talks.

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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. ​So the EU and China might tell Toyota - "Hey Toyota you never bothered to plan for EV’s, and we have Tesla and all these Chinese car companies like BYD, SIAC, XPENG, NIO, WULING, CHERY who will sell us EV’s, we will buy from them.

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Tesla hopes to replicate Giga Shanghai lines in Mexico, but U.S. isn’t thrilled

Teslarati

The report cites data from Finsa , which states that Chinese industrial companies had 9.31 million square feet of industrial park space in Mexico by 2023, up from just 1.28 Having EVs built in Mexico still helps the vehicles qualify for the $7,500 EV tax credit. Tax lawyers in the U.S. Tax lawyers in the U.S.

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