At a time when many western companies have quit Russia after Ukraine invasion, Chinese companies are planning to expand operations in Russia according to the latest reports. Chinese car maker Chery is in talks with Russian manufacturers about producing cars in Russian plants. Cherry also plans to increase sales from 80000 to 100000 this year […]
Tag: automobile
Ford Motors Sanand Plant bought by Tata Motors for $91.5 Million
U.S automobile major Ford motors is shutting down operations in India and has sold its manufacturing plant in Sanand, Gujarat to Tata Motors. The deal is agreed for $ 91.5 million between Ford motors and Tata motors subsidiary Tata passenger electric mobility. It covers land assets and all eligible employees as well. Indian car maker […]
Electric Vehicles Demand Continue to Accelerate Despite of Multiple Economic and Supply Chain Challenges
As demand accelerates in most major markets globally, electric vehicles sales could reach 33% of total sales by 2028 and 54% by 2035. Consultants have estimated that electric vehicles accounted for less than 8% of global sales last year and fewer than 10% in the first quarter of this year. Moreover, electric vehicle sales are […]