Trade News - Page 4 of 63 - Auto in China

Tesla’s Q2 China Revenue Soars Over 50% to $5.7 Billion
2023-07-26 Trade News / News
In the second quarter of 2023, Tesla's revenue in the Chinese market reached $5.731 billion, marking an impressive year-on-year increase of 51.33% from $3.787 billion in the same period last year. The Chinese market revenue accounted for 22.99% of Tesla's global revenue of $24.927 billion for the same quarter. Tesla's…
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Indonesia’s New EV Incentives Aim to Attract BYD and Tesla
2023-07-26 Trade News / News
According to recent reports from foreign media, Indonesia is currently finalizing a set of new incentives aimed at attracting investments from electric car manufacturers. Senior Indonesian Minister, Luhut Pandjaitan, disclosed on July 25 that the government is actively engaging in negotiations with prominent companies like Tesla and BYD. Luhut Pandjaitan,…
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2023 Policy in Egypt: Over 42,000 Applications Received for Tax-Free Car Import Initiative Aimed at Expats
2023-07-22 Egypt / Local News / Trade News
Minister of Finance Mohamed Maait revealed that a remarkable 42,000 applications have been submitted for the tax-free car import initiative designed for expats. So far, the initiative has resulted in the issuance of 2,900 car import approvals, each valid for one year from the issuance date. The payment orders issued…
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China Surges Ahead of Japan in Auto Exports
2023-07-21 Trade News / News
Japanese automakers are at risk of repeating the decline experienced by Detroit's big three automakers (Chrysler, Ford, and General Motors) due to their resistance to electric vehicles (EVs). A significant number of Americans who purchased Teslas switched from Japanese brands, particularly Toyota and Honda. The lack of EV offerings is…
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Mainland China and Other Emerging Markets on the Rise as Auto Exporters
2023-07-21 Trade News / News
In recent months, there has been a remarkable surge in Mainland China's auto exports, capturing considerable attention. This transformation of the world's second-largest economy into a prominent auto exporter is poised to disrupt the global auto trade landscape. However, amidst the spotlight on China, it is crucial not to overlook…
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Grand Opening of International Auto Expo in Northeast China
2023-07-21 News / Trade News
"20th Changchun International Auto Expo Commences with Celebration of FAW Group's 70th Anniversary" Robots operate in an advanced facility at the intelligent plant of truck manufacturer First Automotive Works Jiefang Co., Ltd. (FAW Jiefang) in Changchun, Jilin Province, northeast China, as of June 27, 2023. The 20th Changchun International Auto…
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