Nissan and Honda, Japan’s second and third largest automakers, have announced a strategic partnership to develop a next-generation software platform for electric vehicles (EVs). The collaboration aims to enhance their competitiveness in the rapidly growing …
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India Slashes Gold and Silver Import Duties to Curb Smuggling, Boost Demand
India has taken a significant step towards curbing gold smuggling and stimulating domestic demand by slashing import duties on gold and silver. The move, announced on July 23, 2023, reduces import duties from 15% to …
Continue readingBiden Gives $1.1 Billion to GM, Stellantis for EV Production
The Biden administration announced plans to award nearly $1.1 billion in grants to General Motors and Stellantis, the parent company of Chrysler, to convert existing plants for electric vehicle (EV) production and components. These grants …
Continue readingBYD Acquires 20% Stake in Thai Dealer Rever Automotive, Deepening EV Market Presence
BYD Deepens Thailand Market Presence with Rever Automotive Acquisition Shenzhen-based automaker BYD has acquired a 20% stake in its Thai distributor, Rever Automotive, solidifying its position in the country’s rapidly growing electric vehicle (EV) market. …
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