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Trade News
GAC Aion Initiates Global Expansion with Shipment of First 100 EVs to Thailand
2023-08-22
Trade News
GAC Aion has taken a significant step in its global expansion strategy by dispatching its maiden shipment of vehicles to Thailand, signifying the official commencement of its international market foray. [caption id="attachment_5474" align="aligncenter" width="1200"] (Image: AION Thailand)[/caption] GAC Aion, an electric vehicle (EV) subsidiary of the GAC Group, recently initiated…
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Mercedes Aims for Complete Electrification in Malaysia by 2030
2023-08-17
Trade News
Luxury automaker Mercedes-Benz Group has set its sights on Malaysia as a key market, with ambitious plans to electrify its entire vehicle lineup within the country by the year 2030. Earlier this year, Mercedes-Benz achieved the milestone of becoming the first automaker to introduce locally-produced electric vehicles in Malaysia. [caption…
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VinFast, Vietnam’s Electric Vehicle Manufacturer, Goes Public on Nasdaq Amid Investor Concerns of a Bubble
2023-08-17
Trade News
VinFast Auto, a prominent electric vehicle manufacturer from Vietnam, has successfully concluded its merger with the special purpose company Black Spade Acquisition Co (NYSE: BSAQ) and has debuted on the NASDAQ stock exchange in the United States. This strategic merger has positioned VinFast with an approximate valuation of $27 billion,…
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China Tops Global Auto Export Rankings in First Half of the Year, Sparks Interest in Car Circles
2023-08-14
Trade News
In the latest trending topics in the automotive world, new energy vehicles (NEVs) are capturing significant attention. BYD has achieved a remarkable milestone by becoming the first car company worldwide to roll out 5 million NEVs from its assembly line. Changan Ford is making waves with its intention to establish…
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Chinese New Energy Car Companies Spearheading Middle East Market Expansion
2023-08-10
Trade News
It might sound improbable, but an extraordinary transformation is unfolding right now in one of the world's least oil-dependent regions. Across bustling metropolises like Dubai and Abu Dhabi, in the heart of the Middle East, an unexpected phenomenon has emerged. The most sought-after parking spots at every shopping center are…
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Nio Denies Rumors of Mercedes Partnership, Setting the Record Straight
2023-08-09
Trade News
Nio (NYSE: NIO) has swiftly debunked recent speculations of a partnership with Mercedes-Benz, emphasizing that the circulating rumors are devoid of truth. The assertion came in response to a series of events that triggered discussions about a potential collaboration between the two companies. [caption id="attachment_5096" align="aligncenter" width="1200"] (Image: NIO ET7)[/caption]…
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