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April 11, 2025

News Desk

Tesla debut in Saudi Arabia

Tesla officially started in Saudi Arabia, marking a central move in the largest economy of the Gulf, as the pioneer of the electric vehicle (EV) is struggling with the fall of world sales and fierce competition from Chinese and local manufacturers. The California -based automotive industry made its kingdom debut with a launch event in Riyadh on April 10, followed by the opening of the temporary shows in Riyadh, Jeddah and Dammam. The expansion comes right in front of a scheduled visit by US President Donald Trump to Saudi Arabia and other Gulf nations. Saudi Arabia, traditionally a shelter for

February 3, 2025

News Desk

A road to still be taken

Listen to the article Karachi: In a world that is struggling with environmental crises, the electricity revolution (EV) has become a global necessity. Driving the road to South Asia is India, with the ambitious initiative of the Prime Minister’s electronic mobility, the “National Electric Mobility Plan” (NEMMP). This policy aims at the electricity of the country’s transport sector, reducing the dependence on fossil fuels and a significant reduction in carbon emissions. India’s subsidies for electric two -wheeled, tax benefits and investment in infrastructure charge have promoted the EV sector forward, achieving impressive growth. The result; India has become one of

January 22, 2025

The Pakistan Daily

Tesla Truck seen on Pakistani roads, sparks debate on social media

A video of a vehicle resembling the Tesla Cybertruck driving on the streets of Pakistan has taken social media by storm, leaving viewers both stunned and curious. The footage shows a truck that closely resembles the futuristic Tesla design, prompting many users to question whether this is a genuine Tesla vehicle or a locally modified imitation. Upon closer inspection, it was revealed that the vehicle is not an authentic Tesla Cybertruck but rather a locally modified model designed to closely mimic the iconic electric truck. The modifications make it difficult for viewers to distinguish between the real and the replica

January 9, 2025

News Desk

Hyundai Motor Group will invest 16.7 billion dollars in South Korea this year

Listen to the article Hyundai Motor Group announced plans to invest a record 24.3 trillion won ($16.65 billion) in South Korea this year, marking a 19 percent increase in domestic investment compared to last year. The investment aims to secure future growth for the company despite economic and political uncertainties. The group, which includes Hyundai Motor and Kia Corp, is the world’s third-largest vehicle maker, after Toyota Motor and Volkswagen. The planned investment includes 11.5 trillion won for research and development focused on next-generation products, electrification, software-defined vehicles, hydrogen-fueled products and other technological developments. In addition, Hyundai Motor Group will

September 5, 2024

News Desk

Minister promises action to deal with the diesel crisis

Islamabad: Oil Minister Musadik Malik has expressed ignorance about excessive diesel imports by some oil marketing companies (OMCs), which are jeopardizing the operations of local refineries. The Oil Companies Advisory Council (OCAC), which represents refiners and exploration companies, recently raised the issue of bulging diesel inventories, which jumped to 49 days of consumption. He blamed the situation on permission for bulk imports of diesel from the Petroleum and Natural Gas Regulatory Authority (Ogra) to some OMCs, resulting in reduced demand for the products produced by the refineries. When asked by reporters at a press conference on Wednesday, Oil Minister Musadik

August 27, 2024

News Desk

Hubco unveils plans to mine minerals

KARACHI: Hub Power Company (Hubco) has announced that it will further diversify its business portfolio by entering the mining sector to boost its earnings as its core business of generating electricity from expensive oil continued to weigh on its economic value. government amid the energy pricing crisis in the country. Along with the diversification announcement, the company on Monday reported a net consolidated profit of Rs 75.29 billion for the year ended June 30, 2024, up 21.5% from Rs 62 billion in the previous year, on the back of notable profits from affiliated companies. It translated to earnings per share

June 12, 2024

News Desk

China slams EU tariffs on electric vehicles as ‘protectionist’

CONSTANTINOPLE: Expressing “strong dissatisfaction” after the EU Commission announced higher tariffs on Chinese electric vehicles (EVs), Beijing called the move “an act of protectionism”. “This is a bare act of protectionism, creating and escalating trade frictions and ‘destroying fair competition’ in the name of ‘maintaining fair competition,'” China’s Ministry of Commerce said in a statement. The Commission said it would impose additional customs duties of up to 38.1% on Chinese electric vehicles from July 4. However, the ministry accused the EU of “ignoring the facts and rules of the World Trade Organization” as well as “ignoring” China’s repeated strong opposition.

June 7, 2024

News Desk

China urges US to adhere to market principles

BEIJING: China urges the United States to sincerely adhere to market principles and international trade rules and create a healthy environment for fair competition among businesses from all countries, a Chinese Foreign Ministry spokesman said on Thursday. Spokesman Mao Ning made the remarks at a daily news briefing when responding to a question about reports that US President Joe Biden said China was providing subsidies to flood the US market with electric vehicles. Mao said China’s new energy products, including electric vehicles, are gaining popularity in the international market, relying on continuous technological innovation, healthy industrial and supply chains, and

June 1, 2024

News Desk

Experts call for review of EV policy

KARACHI: Automotive experts believe that electric cars could become much more affordable for customers if the government addressed key policy issues. They call for a review of policy classifications, offering incentives to all electric vehicles (EVs), removing barriers to financing EVs and reducing heavy taxes, which currently make up more than 50% of car prices, making them unaffordable for end users . Experts urged the government to standardize policy classifications and apply incentives to all EVs. They emphasized the need to remove barriers to car finance for EVs and make the EV charging business attractive to investors. In addition, they

April 28, 2024

News Desk

Elon Musk visits China as Tesla pursues development of self-driving technology

SHANGHAI/BEIJING: Tesla ( TSLA.O ) Chief Executive Elon Musk arrived in Beijing on Sunday on an unannounced visit, where he is expected to meet senior executives to discuss the development of Full Self-Driving software and permission to transfer data abroad, according to a knowledgeable person. of the subject. Chinese state media reported that he met Premier Li Qiang in Beijing, during which Li told Musk that Tesla’s development in China could be seen as a successful example of US-China economic and trade cooperation. The American electric vehicle maker released Full Self-Driving, or FSD, the most autonomous version of its Autopilot

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