Li Auto (LI) backed tech startup iMotion files for Hong Kong IPO
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- Wall St indexes advance with boost from chips, Iran optimism
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- Apple CEO warns price hikes 'unavoidable' as chip costs bite - WSJ
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Chinese vehicle sales fall flat in March as price war continues
April 10, 2023 1:38 PM EDTThe China Passenger Car Association (CPCA) released data Monday showing growth in vehicle sales was flat in March compared to a year earlier. According to the CPCA, car sales in March were 1.61 million units. In the first three months, sales had fallen 13.4% to 4.33 million units.
Sales of new energy vehicles (NEVs), which include pure battery electric cars and plug-in hybrids, rose 21.9% in March and accounted... More
U.S. EPA to propose new vehicle emission cuts, expects big EV push
April 6, 2023 1:22 PM EDTAccording to a Reuters report Thursday, the U.S. Environmental Protection Agency is set as early as next week to propose new rules to spur sweeping cuts in vehicle emissions. The new rules are expected to cover the 2027 through 2032 model years and will push automakers to dramatically expand electric... More
UK EV sales reach record highs in best month ever
April 5, 2023 9:00 AM EDTThe Society of Motor Manufacturers and Traders (SMMT) released data Wednesday that showed new car registrations jumped to 287,825 units as supply chain challenges continued to ease, making the first quarter of 2023 the strongest three-month period since 2019. Battery electric vehicle (BEV) sales reached a record monthly high of 46,626, representing 18.6% year-on-year... More
