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Articles for tag: assembly, BYD, Chinas, EVs, Pakistan

July 25, 2025

News Desk

China’s Byd for EVS assembly in Pakistan from 2026

BYD logo is depicted in an electric car in a dealership in Reze near Nanny, France, March 27th 2025. – Reuters 25,000 units under construction near Karachi. The local unit targets a 30-35% share of the department. The receipt of BYD’s Shark 6 to start on Friday. Karachi: The Chinese BYD electric vehicles plans to develop its first car in Pakistan until July or August 2026 to record the growing demand for electric and plug-in hybrid vehicles in the area, the company manager said on Wednesday. Byd, the world’s leading EV manufacturer, is rapidly expanding outside its domestic market, where

June 20, 2025

News Desk

EVS target 30% by 2030 ambitious but discouraging, automakers say

Listen to the article Lahore: The local car industry described the government’s goal of at least 30% electric vehicles (EVS) by 2030 both ambitious and scary for a financially limited country such as Pakistan. Industry also says that when India could not do it in 10 years despite significant economic interventions, how can Pakistan realize this in the next five years? Jamil Asghar, who has been associated with the motorcycle industry for about 35 years, said India has introduced reputation I (faster adoption and production of electric vehicles) in 2015 with initial Inr895 CRORE expendit (INR100 BILLION). Then, after the

November 20, 2024

News Desk

In anticipation of Trump, US auto executives further push EVs

U.S. auto industry executives are bracing for a possible rollback of electric vehicle mandates under the incoming Trump administration. — AFP/File NEW YORK: US auto giants said Wednesday they could further slow growth in electric vehicle production as Detroit awaits the arrival of a Trump administration willing to roll back key Biden climate initiatives. Donald Trump’s transition officials have discussed eliminating the $7,500 tax credit for electric vehicles, according to US media. The EV tax credit was included in President Joe Biden’s flagship climate change law, the Inflation Reduction Act of 2022. Trump, who has called climate change a farce,

July 10, 2024

News Desk

Volkswagen considers closing Brussels plant due to falling demand for Audi’s EVs

BERLIN: Volkswagen warned on Tuesday it may close its luxury brand Audi’s Brussels site as a sharp drop in demand for premium electric cars hit Europe’s top carmaker, forcing it to cut its profit margin target for this year. Volkswagen ( VOWG_p.DE ) has not closed a plant since it closed its Westmoreland, Alabama plant in 1988, and the last head of the VW brand to threaten closures in Europe resigned months after that, according to an employee source. Automakers have been hit hard by lower-than-expected EV demand after heavy investment in capacity and technology development, with Audi warning earlier

June 10, 2024

News Desk

Moving towards EVs – prospects and challenges

Islamabad: The automotive industry is undergoing a tectonic shift, transitioning from over a century of internal combustion engine (ICEV) dominance to electric vehicles (EVs). As a first-timer, China has taken an insurmountable lead and now produces twice as many electric vehicles as the US and EU combined. Unable to compete, President Biden recently quadrupled tariffs on Chinese electric vehicles to 100%. Similarly, the EU is considering imposing countervailing tariffs of 30-50% on Chinese electric vehicles. However, unlike the US, the EU follows due process and acts according to WTO rules. Several developing countries are now emulating China’s policies to build

April 1, 2024

News Desk

Would-be Tesla buyers snub the company as Musk’s reputation falls

LONDON/ AS FRENCH: The ranks of would-be Tesla buyers in the United States are shrinking, according to a survey by market intelligence firm Caliber, which attributed the decline in part to CEO Elon Musk’s polarizing personality. While Tesla continued to post strong sales growth last year, helped by aggressive price cuts, the electric vehicle maker is expected to report weak quarterly sales as early as Tuesday. Caliber’s “view score” for Tesla is provided exclusively to Reutersit fell to 31% in February, less than half of its high of 70% in November 2021, when it began tracking consumer interest in the

March 11, 2024

News Desk

Cheaper Chinese EVs dominate global markets

KARACHI: Chinese electric vehicles (EVs) are gaining huge popularity around the world due to their cheaper prices and fun features, flooding and surprising the US and European markets despite stiff competition from local industries in the West. China has retreated to do much more work in research and development in order to have full dominance of technologies, manufacture new products, upgrade cutting-edge technologies and provide the world with cheap and attractive goods. EVs are becoming cheaper and more abundant, and as people look to meet global climate goals, climate-friendly technologies like EVs are becoming the future of global industry. A

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