by Jibran Munaf | September 21, 2024 | Automotive
European Union tariffs on Chinese-made electric vehicles (EVs) may not be enough to curb the rapid expansion of Chinese automakers into the European market. Despite the EU’s efforts to limit imports, the recent reduction of tariffs makes it increasingly unlikely that...
by Vasu Jit Kalia | September 18, 2024 | Automotive, Green, Industry
A Dubai-based startup has unveiled groundbreaking EVs, which were initially introduced during COP28 in December 2023. The vehicle, which is priced at AED70,000 onwards, makes it significantly cheaper than newly manufactured EVs, which typically start at above...
by Jennifer George | September 18, 2024 | Automotive, Aviation, Industry, News
A senior official revealed that Dubai is set to revolutionize urban transportation by introducing fully electric air taxis in the first quarter of 2026 as part of its Advanced Air Mobility (AAM) initiatives. Powered by Joby Aviation, the first point of the four...
by Jibran Munaf | September 7, 2024 | Automotive, Energy
Renault CEO Luca de Meo has issued a stark warning that Europe’s automotive industry could face fines totaling up to 15 billion euros ($17.4 billion) if electric vehicle (EV) sales continue to lag behind regulatory targets. Speaking on France Inter radio, de Meo...
by Vasu Jit Kalia | September 5, 2024 | Automotive, Industry
Saudi Aramco is set to retain its 10% stake in the joint venture between Renault and Geely, underscoring its commitment to expanding partnerships in the automotive sector. The move signifies Aramco’s strategic focus on strengthening its position within the evolving...
by Jibran Munaf | August 29, 2024 | Automotive, Corporate Finance
Chinese electric vehicle (EV) manufacturer BYD has reported a significant increase in net profits for the second quarter of 2024, demonstrating strong market performance despite aggressive pricing strategies and international challenges. View this post on...
