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BYD Strikes $1 Billion Deal to Establish Manufacturing Plant in Turkey

BYD, China's preeminent electric vehicle (EV) manufacturer, has signed a landmark $1 billion (£780 million) agreement to construct a state-of-the-art manufacturing facility in Turkey. This strategic move underscores BYD's relentless expansion beyond its domestic market. The forthcoming......

EU Considers Tariff Hike on Chinese Electric Vehicles Amid Subsidy Dispute

The European Commission has issued a stark warning to China: resolve the ongoing subsidy dispute over electric vehicles (EVs) or face significant tariff hikes. This ultimatum follows a preliminary finding in an anti-subsidy investigation into Chinese EV imports, which revealed that Chinese battery electric......

Renault and Geely Establish Powertrain Joint Venture to Drive Future Automotive Technologies

Global automakers Renault and Geely have launched a new powertrain cooperation dubbed HORSE Powertrain Limited that aims to be a leading provider of combustion engines, transmissions and hybrid systems worldwide.  Following the July 11th joint venture agreement receiving regulatory approval, Renault......

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