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China s largest electric vehicle (EV) maker, BYD, faces allegations of tax evasion on imported car parts used in the vehicles assembled by the company in India, according to sources familiar with the matter. The Directorate of Revenue Intelligence (DRI) has alleged that BYD underpaid tax of 730 million rupees (USD 9m), although the automaker has since deposited that sum. ....
Volkswagen explores collaboration with Chinese EV startup, Zhejiang Leapmotor Tech, for Jetta brand. VW-FAW joint venture may acquire EV tech platform from Leapmotor. Both companies remain tight-lipped; Reuters couldn t verify. Leapmotor aims to license its new platform to other automakers globally. ....
We are thrilled to announce that Deltamarin has been selected to undertake multiple Pure Car and Truck Carrier (PCTCs) ship design contracts during th. ....
Chinese automakers capture 75% of Southeast Asia s EV market; Thailand leads the transition, accounting for 79% of EVs sold. Chinese car manufacturers invest heavily in local production. EVs to reach 6% of vehicle sales by 2023. ....
Tesla Model Y: Tesla s revenue growth in Q2 was fueled by price cuts, boosting sales but dragging down margins to a three-year low. The strategy aimed to outcompete legacy automakers and Chinese rivals. Analysts predict a decline in Tesla s gross profit margin to 18.9% compared to the previous quarter s 20.2% and last year s 25.9%. ....