Automobile
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The European Union’s plan to impose additional duties on imports of Chinese electric vehicles (EVs) will undermine its own green and low-carbon transformation and the global response to climate change, a Chinese official said Tuesday. Li Chao, spokesperson of the National Development and Reform Commission, made the remarks at a press conference. The European Commission…
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China’s automobile manufacturing industry registered strong expansion in the first quarter (Q1) of this year, latest data from the China Association of Automobile Manufacturers showed. During the period, the sector’s industrial added value rose 9.7 percent year on year, 3 percentage points higher than that for China’s overall manufacturing industry, according to the association. The…
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Nigeria’s automotive industry is heavily dependent on importing new and used cars, including vehicle spare parts, due to its underdeveloped state. As an import-dependent sector, economic headwinds, including volatility of exchange rates of naira to dollar, exchange rate of cargo clearing at the port, and surging inflation, pose serious challenges and limit the growth of Nigeria’s…
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The European automaker Volkswagen announced that its battery company PowerCo will establish its first overseas “gigafactory” for battery cell making in St. Thomas in southwestern Ontario. Actual production is scheduled for 2027. Buildling the plant in Canada will grant Volkswagen access to both Canadian and US subsidies. Volkswagen has however not given many details about…
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