Thailand, Southeast Asia’s largest auto production hub, is offering incentives to encourage joint ventures (JVs) in the automotive parts sector, specifically targeting electric vehicles (EVs). The Board of Investment (BOI) announced on Thursday that it …
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EU New Car Sales Soar in June, But Electric Vehicle Growth Stalls
New car sales in the European Union rose by 4.3% in June, reaching their highest level since July 2019. This increase was driven by strong performances in major markets like Italy, Germany, and Spain. However, …
Continue readingStellantis Italian Production Faces Sharp Decline as EV Incentives Fail to Boost Demand
Stellantis, the multinational automotive giant, is facing a potential decline in Italian production this year as demand, particularly for electric vehicles (EVs), remains sluggish. The FIM-CISL union predicts a drop to 500,000 vehicles, down from …
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