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BYD will shelve plans to invest $1 billion in an electric car plant in India and has told its Indian joint venture partner that the investment proposal faces scrutiny by the Indian government, according to media reports. It is understood that BYD executives told India's Megha Engineering Company last week that BYD hopes to withdraw from the investment.
On Aug. 16, according to media reports, South Korean carmaker Hyundai Motors reached an agreement with US auto giant General Motors to acquire GM plants in India. It is understood that Hyundai has signed an agreement to acquire General Motors through its wholly-owned subsidiary Hyundai Motor India Co., Ltd.
Great Wall has previously expanded overseas investment to India under plans by domestic carmakers to increase overseas investment, but as the border standoff between China and India heats up, it is rumored that the Indian government has suspended three investments from China.
According to print media reports such as NDTV in New Delhi, Ford Motor India reached a severance compensation agreement with workers at its factory in Tamil Nadu, India, after it announced the closure of its Indian plant last year, with each employee receiving an average salary of 62 months. According to the report, Balasu, the transformation officer of Ford India,
It is reported that although Tesla has not yet entered the Indian car market, he intends to set up a battery factory in India. In addition, the BYD and Ningde times have also shown a lot of interest in building factories in India. The Indian government plans to build six large factories that can produce thousands of megawatts of lithium-ion batteries a year, just like Tesla's No. 1 super factory in Nevada. Battery capacity per gigawatt hour can power 1 million homes for an hour, or power about 30, 000 electric vehicles. To reduce dependence on overseas crude oil, save money, and control urban pollution, India plans to invest 50. 5%.
Great Wall officially ended its acquisition of GM's plant, the Talegaon, after two delays. On July 1, Great Wall said that the transaction period for the agreement signed between GM and GM to buy GM's plant in Tarigang, India, expired, although it maintained communication and consultation with the Indian government on the project.
On the evening of June 26th, SAIC official WeChat issued a "clarification on the recent false reports about SAIC MG India", which showed that there were recent media reports that "SAIC MG India had been forcibly acquired shares at a low price and lost control", which seriously deviated from the facts. June twenty _ second
BYD is accelerating its expansion around the world. The relevant official of BYD revealed that BYD India has considered building a second factory in India and will announce the relevant news in due course. The day before that, BYD had announced its entry into the Indian passenger car market. On October 12, BYD held its products in New Delhi, India.
due to the short development time of new energy vehicles, reducing car manufacturing costs is what all automobile companies hope to achieve. Recently, the Indian government intends to provide more preferential policies in order to realize Tesla's entry into the Indian market as soon as possible and promote the overall development of the region.
India's Jindal Southwest (JSW) is trying to acquire a stake in Mingjue Motor India Co., Ltd. (MG Motor India), the Hindustan Times reported. According to reports, JSW Group will hold SAIC MG India.
Data show that in 2021, the Chinese market ranked first in the world with sales of 26.27 million vehicles, making it the largest market in the world, followed by the United States with 15.4 million vehicles, and the Japanese market ranked third with 4.44 million. It should be noted that although Japan ranked third, but the sales performance
The Indian car market is almost a cake in the eyes of global automakers, thanks to the surging middle class in the most populous country. However, according to data released by the Association of Indian Automobile Manufacturers, Indian car market sales have declined in October. Its passenger car sales plunged 41% in August from a year earlier, selling only 115000 vehicles. Sales of Maruti Suzuki, India's largest carmaker, fell 36 per cent in August from a year earlier to just 93000 vehicles, according to the data. Hyundai sales fell 16.6% year-on-year, Honda sales fell 51%, Toyota sales fell 24.1% year-on-year, while local Tata.
The pattern of the global car market is changing. According to the latest Kyodo news agency, according to the Association of Indian Automobile Manufacturers, car sales in India were 4.725472 million in 2022, an increase of 25.7 percent over the same period last year, surpassing Japan for the first time to become the world's third largest car market after China and the United States. As a contrast
With the rapid development of new energy vehicles, more and more multinational enterprises have thrown an olive branch to the new power of domestic car-building. In the past, Volkswagen and Xiaopeng Motor reached a framework agreement on technical cooperation, increasing the capital of Xiaopeng Motor by about 700 million US dollars. Later, Audi and SAIC will jointly develop electric intelligence exclusive to the Chinese market.
The auto market shrouded by COVID-19 has seen signs of a sharp decline since the first quarter of this year, and according to the latest April new car sales data released by various countries, the global car market almost without exception has declined, and sales in many countries have even hit bottom.
Since Great Wall launched the strategic goal of the global market, it has wantonly accelerated its plans to invest in factories around the world. Following the completion of Great Wall's first wholly-owned overseas manufacturing plant last year, it has been reported that Great Wall will sign a formal equity acquisition agreement with General Motors in Bangkok, Thailand.
Given the huge population base and the low permeability of electric vehicles, the huge development potential of the Indian electric vehicle market attracts Tesla. However, due to the failure to obtain lower import duties, Tesla has shelved plans to sell electric cars in India, abandoned efforts to find showrooms, and re-established for some local teams
COVID-19 has undoubtedly had a great impact on the global market. He thought that in the face of the impact of the epidemic since February, China's auto market had declined by 80 per cent, which was already the biggest decline in the global auto market. However, as the epidemic has gradually spread to overseas regions, it has dealt a heavy blow to many overseas countries, with the Italian auto market falling as much as 85 per cent. According to the latest global auto market statistics in March and the first quarter, in addition to the nearly 50% decline in the Chinese market, the Indian market in Asia also declined by more than 50% in March this year. Japan and South Korea were relatively flat in March; Russia alone.
BYD is going to make a big move in overseas markets again. On Nov. 18, BYD is in talks with the Brazilian state government of Bahia to buy a plant that Ford stopped operating in January 2021, according to media reports such as Bloomberg and the Financial Associated Press. In response to this news, a few days ago, Wang Chuanfu, chairman and president of BYD,
With the influence of market economy, the global automobile market is also declining rapidly. According to relevant media reports, sales data for the world's major auto markets were obtained. According to the data report, car sales in China, the United States, Europe (major countries), India and Japan totaled about 16 million vehicles in the second quarter, down 13% from a year earlier, setting a record decline in single-quarter sales. Among them, new car sales in China, the world's largest car market, and India, the fourth largest car market, fell by double digits from April to June compared with the same period last year. China's auto market sold 5.94 million vehicles in the second quarter of 2019, down 13.5% from a year earlier.
Heavy! The National Development and Reform Commission plans to relax car purchase restrictions and increase license plate indicators in an all-round way
China's car sales continue to decline and the trend of car consumption is gradually declining. in such an environment, the National Development and Reform Commission is expected to guide further liberalization of the purchase restriction policy and comprehensively encourage automobile consumption. According to the online documents, the National Development and Reform Commission issued the implementation Plan for promoting the Renewal of consumption of Automobile, Home Appliances and Consumer Electronics to promote the Development of Circular economy (2019-2020), which plans to further expand the consumer market such as automobiles, promote the development of circular economy, and deepen supply-side structural reform. The document also describes in detail the specific implementation plan, and there are nine supporting regulations in the automotive field. The most important of these is the purchase restriction city.
2019-04-17 17:36:07Details
All of a sudden! A Tesla in Dongguan was suspected of getting out of control and crashed into multiple cars and destroyed the shop door.
A # Tesla suspected of getting out of control and crashing into multiple cars crashed into the store door # news quickly rushed to the hot search list of Weibo. According to electric shock news and other media reports, on March 4, a Tesla was suspected to be out of control in a traffic accident in Chigang, Humen, Dongguan, Guangdong. After crashing into a BMW, he crushed a Toyota under the car and ended up with a shop facing the street.
2023-03-04 16:56:32Details
The latest delivery list of new forces, Wei Xiaoli dropped by double digits compared with the previous month.
On August 1, the new power brands NIO, Xiaopeng, ideal, Nezha and Zero announced the latest monthly delivery results. According to the ranking of the "Tramway report", the delivery volume of mainstream new power brands was more than 10,000 in July, of which the best performance was Nashi, with 14036 cars, followed by zero-running cars.
2022-08-02 10:28:37Details
Another independent brand was born. Hanlong's first model is "domestic range Rover"?
The Zhongtai version of the "domestic range Rover" has been published for nearly two years since the real car was exposed, and there has been no news of mass production and listing. Now the car has finally been officially unveiled, but it will not be launched as the infamous Zhongtai Motors. It belongs to the new brand "Hanlong Automobile". Hubei Daye Hanlong Automobile Co., Ltd. was established in January 2016 and is headquartered in Daye City, Hubei Province, according to official data. It is a modern new energy automobile parts manufacturing enterprise integrating new energy vehicle design, development, manufacturing, sales and after-sales service. it is also a professional system of automobile engine products, spare parts supporting system products and automobile maintenance.
2019-08-29 11:29:05Details
Nilai also wants to make a range-extending car? No official response
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Changan Automobile's October sales announced!
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