News
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Amid tensions over the Red Sea, Tesla’s Berlin factory announced it would suspend production.
According to Reuters, on January 11, Tesla announced that it would suspend most car production at its Berlin factory in Germany from January 29 to February 11, citing attacks on Red Sea ships that led to changes in transportation routes...Read more -
Battery manufacturer SK On will mass-produce lithium iron phosphate batteries as early as 2026
According to Reuters, South Korean battery maker SK On plans to start mass production of lithium iron phosphate (LFP) batteries as early as 2026 to supply multiple automakers, Chief Operating Officer Choi Young-chan said. Choi Young-cha...Read more -
Huge business opportunity! Nearly 80 per cent of Russia’s buses need to be upgraded
Nearly 80 per cent of Russia's bus fleet (more than 270,000 buses) is in need of renewal, and about half of them have been in operation for more than 20 years... Nearly 80 per cent of Russia's buses (more than 270,...Read more -
Parallel imports account for 15 per cent of Russian car sales
A total of 82,407 vehicles were sold in Russia in June, with imports accounting for 53 per cent of the total, of which 38 per cent were official imports, almost all of which came from China, and 15 per cent from parallel imports. ...Read more -
Japan bans the export of cars with a displacement of 1900 cc or more to Russia, effective from 9 August
Japanese Minister of Economy, Trade and Industry Yasutoshi Nishimura said that Japan will ban the export of cars with a displacement of 1900cc or more to Russia from 9 August... July 28 - Japan will b...Read more -
Kazakhstan: imported trams may not be transferred to Russian citizens for three years
Kazakhstan’s State Tax Committee of the Ministry of Finance: for a period of three years from the time of passing the customs inspection, it is prohibited to transfer the ownership, use or disposal of a registered electric vehicle to a person holding Russian citizenship and/or permanent res...Read more -
EU27 New Energy Vehicle Subsidy Policies
In order to reach the plan to stop selling fuel vehicles by 2035, European countries provide incentives for new energy vehicles in two directions: on the one hand, tax incentives or tax exemptions, and on the other hand, subsidies or fu...Read more -
China’s car exports may be affected: Russia will increase the tax rate on imported cars on 1 August
At a time when the Russian auto market is in a period of recovery, the Russian Ministry of Industry and Trade has introduced a tax hike: from 1 August, all cars exported to Russia will have an increased scrapping tax... After the depart...Read more