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Economy

China Exports Over One Million Vehicles for Second Consecutive Month, Led by Electric Vehicles

China exported 1.043 million vehicles in July, with electric vehicles making up more than half of shipments. Exports to BRI markets surged 30.8% in the first half of the year.

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Flat illustration of vehicles being loaded onto cargo ships at a port.

Economy

News

Genesis Unveils GV80 HEV, Its First Hybrid Vehicle

The luxury brand's new GV80 HEV features an 'EV-like' drive, a 25% fuel efficiency improvement, and a new hybrid system. It goes on sale next month, marking a shift from the company's previously planned EV-only future.

Economy

Nigeria Exempts Electric Vehicles from Import Duty and VAT

The Nigerian government has implemented new tax exemptions for battery-electric vehicles and specific extended-range electric vehicles, aiming to accelerate the country's transition to electric mobility. Importers must…

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