Focus on automotive: Market
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08/02/2019The EU and Vietnam signed the EU - Vietnam Free Trade Agreement (EVFTA) and the EU - Vietnam Investment Protection Agreement (EVIPA). The EU and Vietnam began negotiations on the EVFTA in 2012 and expect the EVFTA may enter into force before the end of 2019. The European Commission states that the agreement will include the removal of 99% of... -
08/01/2019The Indian government has taken a concrete measure to boost sales of electric cars in the private sector. In its first financial budget announcement after a thumping win in the recent general elections, the Narendra Modi government has announced a slew of measures to promote sale of electric cars in the private segment. Apart from direct benefit... -
07/09/2019By 2035 half of the Volkswagen Group's sales in China will be new energy vehicles, Ceo Herbert Diess told according to a company statement. Volkswagen intends to offer 14 electrified models in China this year. By 2028, more than half of the group's planned 22 million electric vehicles will be produced in China, the statement added. Volkswagen... -
06/05/2019Guangzhou and Shenzhen, at the request of the Chinese government, have become China's first two major cities to ease annual limits on new passenger vehicles sold locally. In addition to Guangzhou and Shenzhen, at least 10 other large Chinese cities, including Beijing and Shanghai, have imposed annual quotas in the past decade on vehicle sales to... -
05/07/2019Chinese Government will allow businesses in South China’s Guangdong province and nine domestic cities including Shanghai and Beijing to export used vehicles to help boost China’s exports. Other cities part of the pilot program for used-vehicle exports are Xi’an, Tianjin, Ji’ning, Qingdao, Taizhou, Xiamen and Chengdu, according China’s Ministry of...