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News
Emerging Trends in Uzbekistan’s Electric Vehicle Import Market
2023-07-25
Uzbekistan
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Local News
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News
Uzbekistan has emerged as a frontrunner in Central Asia's electric vehicle import market. The country's remarkable growth in brand diversity, competitive pricing, and rising import numbers has set it apart from its regional counterparts. The latest import data indicates a significant surge in electric vehicle imports, with China dominating the…
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Chinese Automakers Secure 50% Share of Russia’s Auto Market
2023-07-24
Russia
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Local News
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News
Chinese carmakers have significantly increased their presence in the Russian auto market, capitalizing on the departure of Western carmakers following the Ukraine invasion. In June, approximately 40,000 Chinese cars were imported, accounting for nearly half (49%) of Russia's market share, a substantial increase from 31% at the end of last…
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Russia to Seize Parallel-Imported Cars and Heighten Vigilance against Counterfeit Used Car Exports
2023-07-24
Russia
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Local News
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News
Recently, the Federal Customs Service of the Russian Federation has launched a special operation to crack down on the illegal trade of vehicles imported from Kyrgyzstan and Armenia at undervalued prices. This action directly impacts buyers who attempt to evade high tariffs underreporting the prices of imported cars. According to…
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BYD, China’s Electric Vehicle Manufacturer, Prepares EV Atto 3 to Compete with Tesla in the UAE
2023-07-23
United Arab Emirates
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Local News
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News
Dubai: China's BYD, in partnership with Al-Futtaim, has emerged as the biggest competitor to Tesla in the electric vehicle (EV) market in the UAE. They have recently launched the Atto 3 SUV and plan to introduce two more EV models and two plug-in hybrid models this year. [caption id="attachment_4196" align="aligncenter"…
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Optimized English title: UAE Cabinet Approves Testing Self-Driving Vehicles on Its Roads
2023-07-23
United Arab Emirates
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Local News
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News
Abu Dhabi: The UAE has granted the first-ever license for self-driving cars to operate on its roads, following approval at a Cabinet meeting chaired by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai on Monday (July 3, 2023). The…
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Musk: Tesla Cars to Become More Affordable Amidst ‘Challenging Times’
2023-07-23
United Arab Emirates
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Local News
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News
Tesla CEO Elon Musk Signals Further Price Reductions Amidst Turbulent Times On Wednesday, Tesla CEO Elon Musk indicated that he would once again lower prices electric vehicles amidst what he referred to as "turbulent times." Despite the company's aggressive price war with rival automakers, which has put pressure on Tesla's…
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