Local News - Auto in China

BAIC Partners with Alkan Auto to Establish Electric Vehicle Factory in Egypt
2024-11-04 News / Egypt
China's BAIC has entered a strategic partnership with Egypt's Alkan Auto, a subsidiary of Egyptian International Motors, to set up an electric vehicle (EV) factory in Egypt. The agreement was signed by BAIC Vice President Zhao Bingfei and Alkan Auto Chairperson Khaled Nosseir. Key attendees included Kamel El-Wazir, Egypt’s Deputy…
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Russia Launches Probe into Substandard Low-Priced Parallel-Import Cars
2023-07-27 Russia / Local News / News
The Russian Federal Customs Service has recently initiated a special action to crack down on the illegal trade of vehicles imported from Kyrgyzstan and Armenia at understated prices. This move directly impacts buyers attempting to evade high tariffs by understating the vehicle costs. According to Viligenina Senforsenna, the head of…
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Egypt’s Presidential Initiative: A Move to Replace Obsolete Vehicles
2023-07-26 Egypt / Local News / News
Minister of Finance, Mohamed Maait, revealed that the state's general treasury has allocated EGP 675 million for a green incentive program supporting the purchase of 27,225 new natural gas-powered vehicles. As part of the presidential initiative to eliminate obsolete vehicles and promote environmental sustainability, citizens can now request to replace…
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Driving Revival: Chinese Cars Lead the Resurgence of Russia’s Auto Factories
2023-07-26 Russia / Local News / News
China's Influence on Russia's Auto Industry: The Resurgence of the Moskvich The relaunch of the classic Soviet-era car, the Moskvich, by a state-owned company last November was hailed as a symbol of Russia's auto industry's resilience in the face of Western sanctions. Moscow's mayor, Sergei Sobyanin, praised the event, stating…
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Russian Car Market Makes a Strong Recovery, Surging by 50% — Industry Association Reports
2023-07-26 Russia / Local News / News
Russian Car Market Records 50% Recovery, Sales Reach Nearly 440,000 Units MOSCOW, July 19. The Russian car market has shown a significant recovery, growing by 50%, according to the President of the Russian Automobile Dealers Association, Aleksey Podschekoldin, during a press conference on Wednesday. "The current situation indicates that the…
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Kyrgyzstan announces strengthened control over Russia’s re-export trade
2023-07-26 Russia / Local News / News
Introduction: In recent times, there have been speculations regarding the possibility of products supplied to Russia through certain countries, including Kyrgyzstan, facing sanctions due to Russia's military actions and growing trade with Central Asian nations. Amid these concerns, the United States has been considering the implementation of sanctions against Kyrgyzstan.…
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