2024-08-17 14:59:08
Automotive
China
Markets
Hong Kong: A Key Market and Testing Ground for Chinese EV Makers
Image used under license from Shutterstock.com
The press radar on this topic:
Berliner Zeitung
The VW plant in Zwickau, once a flagship location for e-mobility, is now cutting jobs. The reasons are manifold: low demand for electric cars, high prices, lack of charging infrastructure and political U-turns. Affected employees like Michael Weiß and Sebastian Dittmann, who come from families with a tradition in the Saxon automotive industry and own classic cars like Trabant, Lada and Golf III, are disappointed, but also see opportunities for the future. The region fears a 'tsunami' of job lo..
Hong Kong economy - South China Morning Post
Hong Kong is emerging as a key market and testing ground for Chinese EV makers. Here’s why | South China Morning Post
Politics
Technology
Finance
Economy
Angus Au had set his sights on a Tesla model Y. But the 27-year-old Hongkonger changed his mind after test driving the Chinese-made MG ZS electric vehicle (EV).
He shelled out HK$250,000 (US$32,000) for his first EV after trading in his grandmother’s 20-year-old Toyota Sienta and availing of the government’s “one-for-one replacement” scheme, a subsidy for car owners to switch to these zero-emission vehicles.
“It doesn’t matter so much to me [that it is a Chinese brand],” said Au. “Even the Tes..
Frankfurter Rundschau
Electric Vehicle Crisis in China: Sales of Volkswagen, BMW and Others Also Decline in Combustion Engines
Politics
Economy
Finance
Technology
Western automakers like Volkswagen, BMW and Mercedes-Benz are struggling with declining sales figures in China; electric and hybrid vehicles have surpassed combustion engines for the first time; Chinese brands like BYD, Geely and Huawei subsidiary Aito are gaining market share.
Welcome!
infobud.ai is an AI-driven news aggregator that simplifies global news, offering customizable feeds in all languages for tailored insights into tech, finance, politics, and more. It provides precise, relevant news updates, overcoming conventional search tool limitations. Due to the diversity of news sources, it provides precise and relevant news updates, focusing entirely on the facts without influencing opinion. Read moreExpand