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EVs are racing towards half of global auto market dominance

EVs storm towards half of global auto market dominance.IEA's Global EV Outlook 2024 crushes pessimistic views on EV sales, with projections of 17 million global EV sales in 2024.China leads with 10 million EV...

Ebike market set to surge past $62 billion by 2028

Global ebike market set to grow significantly per "E-Bike Market" report, targeting USD 62.3 billion by 2028.Despite challenges, factors like environmental awareness and tech advancements to drive industry forward.Key trends: Lithium-ion as top battery...

The Philippines is embracing EVs with continued tax exemptions for imported electric vehicles

The Philippines extends its tax exemption for imported electric and hybrid vehicles, including electric motorcycles and e-bikes, until 2028.This initiative, initially implemented in 2023, aims to promote eco-friendly transportation and reduce carbon emissions.The policy...

EV price crash as Nio launches the Onvo L60 SUV

Nio launched the Onvo L60 SUV, a lower-priced brand, starting at 219,900 yuan.The launch coincides with Biden's plan to quadruple import taxes on Chinese EVs, challenging Nio’s global expansion.Despite industry challenges, Nio will introduce...

Stellantis and Leapmotor collaborate to produce affordable electric cars for global markets

Stellantis and Leapmotor collaborate for affordable electric cars, aiming at global markets.Initial offerings: Leapmotor T03 city car and C10 SUV, expanding dealership networks in Europe.T03: 403 km range, 41.3 kWh battery; C10: 530 km...

XPENG reveals impressive 33% boost in deliveries for April 2024

XPENG delivered 9,393 EVs in April 2024, up 33% from last year.The X9 MPV reached nearly 10,000 units delivered since its launch.XPENG introduced advanced AI innovations at the Beijing Auto Show 2024, including XOS...