Hyundai, Kia divest from India’s Ola Electric
Hyundai Motor sold its entire stake in Ola Electric, while fellow South Korean carmaker Kia reduced its holding, in…
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electric vehicles
Xiaomi reports strong Q1 net profit
Xiaomi reported revenues of RMB111.3 billion in the first quarter, a 47.4 per cent year-on-year increase.
Egypt approves incentive plan to boost auto manufacturing, exports
Egypt's Cabinet has approved a new automotive production incentive programme as part of the country’s National…
Egypt’s PM discusses vehicle localisation plans with Chinese Jetour
Egypt’s Prime Minister Moustafa Madbouly met with the Chinese automaker Jetour Head Dai Lihong to discuss the…
Volkswagen braces for 2nd walkout in cost dispute
Volkswagen AG workers are set to strike again on Monday, marking the second walkout this month as labour and…
German business sentiment in China hits record low in ’24
Business sentiment among German companies in China has reached an all-time low, according to the German Chamber of…
Volkswagen, SAIC decide to sell Xinjiang factory
Volkswagen and Shanghai's SAIC Motor have decided to sell a factory in Xinjiang, China, following criticism over…
China’s emissions increase, add pressure to climate pledges – research
China's carbon dioxide emissions are set to rise slightly in 2024, further straining its ability to meet a key 2025…
ADB invests $25m in India’s 1st climate bond
The Asian Development Bank (ADB) has announced a $25 million investment in a certified climate bond issued by…
Egypt to implement new standards for automotive sales market
Egypt is set to establish and announce clear standards for its automotive sector to enhance market regulation and…