The relaunch of a classic Soviet-era car, the Moskvich, by a state-owned company in November was celebrated by Moscow's mayor as showing the resilience of Russia's auto industry to Western sanctions. "This is a historic event," Sergei Sobyanin said as the Moskvich was unveiled at a factory the Moscow government took from French carmaker Renault last year for just one rouble ($0.01). But the rebirth of the Moskvich is also a sign of China's growing sway over an important sector of Russia's economy.
This new wave of investment has been backed by Thailand's government, which has rolled out incentives and courted Chinese firms, with a target to convert about 30% of the country's annual vehicle production into EVs by 2030. China's Great Wall Motor made an early punt on Thailand in 2020 when it acquired a factory from General Motors , where it will spend 22.6 billion baht ($647.38 million) turning it into a regional production centre for EV and hybrid cars. The automaker will start producing its popular compact Ora Good Cat EV in Thailand next year, and is also bringing in its subsidiaries MIND Electronics, HYCET and Nobo Auto that make electronics, powertrains and seating.
© Provided by Xinhua The Atto 3 SUV made by China leading electric car maker BYD topped the electric car sales in Israel during the first four months o
© Provided by Xinhua The Atto 3 SUV made by China leading electric car maker BYD topped the electric car sales in Israel during the first four months o
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