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

Baua Electric

. “During the quarter, automotive semiconductor demand slowed down compared to our expectations, entering a deceleration phase, while the ongoing industrial correction accelerated,” said CEO Jean-Marc Chery in a statement. million expected by analysts in an LSEG poll.

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China Car Sales Likely Hit New Record in April

Green Car Congress

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. Sales of China’s Chery, which makes cars with small engine capacities, hit a record high of more than 42,000 units in April.

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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. Some province-led support and investment also remains in place and plays an important role in China’s EV landscape.

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Can green cars solve automotive crisis? The Green Piece

Green Cars News

It has established itself as a firm leader in the green car race thanks to the success of the Toyota Prius and Japanese government ecological perks including tax breaks have helped ease the drop in sales with the Prius topping the sales charts in its home country for two successive months.

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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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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

. ​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. Get the F outta here." So where will Toyota sell their 9 million ICE Cars in 2030?

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