by Jibran Munaf | October 30, 2024 | Automotive
China’s commerce ministry announced its strong opposition to the European Union’s recent tariff hikes on Chinese electric vehicles (EVs), which have been raised to as high as 45.3% as of Wednesday. The new tariffs, aimed at countering alleged subsidies for Chinese...
by Jibran Munaf | October 30, 2024 | Automotive, Corporate Finance
Volkswagen, the German automotive giant, announced a 42% decline in third-quarter operating profit on Wednesday, citing high costs and restructuring efforts as key pressures. Operating profit for the quarter dropped to €2.86 billion ($3.1 billion), while sales revenue...
by Jibran Munaf | October 21, 2024 | Automotive
German automakers have no reason to fear competition from China, Chancellor Olaf Scholz said on Monday during the opening of Mercedes-Benz’s first battery recycling facility, a project that aligns with Germany’s broader industrial policy goals. Addressing...
by Jennifer George | October 17, 2024 | Automotive, Coverage, Economy, Gitex 2024, Green, Industry, News
Tesla and UAEV have secured the first Independent Charge Point Operator (CPO) licenses for electric vehicle (EV) charging stations in Dubai. The Dubai Electricity and Water Authority (Dewa) announced the milestone on Wednesday at GITEX Global 2024. According to Saeed...
by Jibran Munaf | October 13, 2024 | Automotive
China’s passenger vehicle sales rose 4.3% in September, breaking a five-month streak of declines, driven by government subsidies aimed at boosting trade-ins as part of a larger economic stimulus package. The growth was powered entirely by sales of electric...
by Jibran Munaf | October 6, 2024 | Automotive, Aviation, Travel
In a move aimed at transforming urban mobility in Dubai, the city’s listed parking operator, Parkin, has signed a Memorandum of Understanding (MOU) with UK-based Skyports Infrastructure. The collaboration will focus on developing vertiports—specialized...