China’s Largest Carmaker BYD Faces Tax Investigation In India
Chinese automaker BYD is under an ongoing investigation by the Directorate of Revenue Intelligence (DRI) over allegations of underpaid taxes on imported parts used in its assembled cars sold in the country, reported news agency Reuters. The DRI claims that…
Toyota Bolsters Electric Vehicle Development And Technology In China
Toyota is doubling down on its electric vehicle technology efforts in China. The move comes as the Japanese automaker aims to tackle increasingly stiff competition from players in the country’s automotive segment. China has turned into a battleground of market…
Hyundai Motor Expects Reflective Benefits As India Rejects Chinese EV Investment
India has blocked Chinese automakers from investing in India. This is expected to give Hyundai Motor Group of Korea reflective benefits as the Korean automaker is expanding its investments in India. According to foreign media outlets including the Economic Times…
Kia’s Model Y-rivalling Electric SUV Reveal Date Set
Kia is reportedly set to reveal the production version of its Sportage-sized EV5 at this year’s Chengdu motor show which commences August 25. the Kia EV5 will be built in China for the domestic market as well as export markets. Kia head global product planning Hyunsik…
China’s Expertise Sparks Growth Potential For Pakistan’s EV Industry
“Over the past two decades, China has successfully established a complete and efficient supply chain for Electric Vehicles, with strengths in technology, design & development, and manufacturing. According to Dr. Li Xiangping, Former Director of Dongfeng Motor Co., Ltd. and…
European Automakers Forge Power-Packed Partnerships In China To Conquer Booming EV Market
In a bid to seize a bigger slice of the world’s largest auto market, European automakers are shifting gears and teaming up with Chinese counterparts to drive innovation and electric vehicle (EV) dominance. Volkswagen’s latest move comes as it grapples…
China’s Sunwoda Electronic To Build $275 Million EV Battery Factory In Hungary
China’s Sunwoda Electronic (300207.SZ) plans to build a power battery factory in Hungary for electric vehicles, with initial investment of up to 1.96 billion yuan ($274.71 million), as Chinese battery makers expand in the European market. The money will be used for…
VW-Xpeng Deal Is Evidence of China’s Growing EV Dominance
German auto giant Volkswagen AG’s $700 million investment in Xpeng Inc. is a vote of confidence in the electric-vehicle upstart and the latest sign of how rapidly China is starting to dominate the global transition to clean vehicles. The deal…
Pak-China Automobile Brand Set To Display First Electric Car In Islamabad
Pak-China Huazi Green Energy Pvt Ltd will display their first electric car in Islamabad next month. The launching will be done for the marketing and public awareness of the company’s new Electric Vehicle (EV). Talking to Gwadar Pro, Khalid Mehmood,…
BYD Widens Lead Over Volkswagen As China’s Top-Selling Car Brand
BYD extended its lead over Volkswagen as China’s top-selling carmaker, with its wide range of electric vehicles (EV) proving hugely popular among local buyers. After dethroning the German giant for the first time earlier this year, BYD notched up 595,300…
