Automobile
With friend like the United States, Canadians and Mexicans do not need enemies. President Donald Trump has finally made good on a campaign promise to raise tariffs on almost everyone – both friends and foes. First, he slapped a 25% tariff on all goods imported from Canada and Mexico, except Canadian oil and energy products, […]
... written on Feb 03 2025Stocks dropped almost 700 points on Friday (Jan 10, 2025) – effectively pushing all major benchmarks into the red for the New Year 2025. The Dow Jones Industrial Average (DJIA) lost 696.75 points or 1.63% to close at 41,938.45, whilst S&P 500 and NASDAQ lost 1.54% and 1.63% respectively. What caused the bloodbath? The short answer – […]
... written on Jan 12 2025Japanese carmakers Honda Motor and Nissan Motor is exploring a mega merger, which will also involve Mitsubishi Motor, in which Nissan is the top shareholder with a 24% stake. The merger would see Honda management taking a leadership role in a newly formed formed Japanese holding company by 2026. Make no mistake – this deal […]
... written on Dec 27 2024Unless you have been living in the jungle or some remote areas, chances are you would notice at least one new Chinese car showroom in your area. Even if there isn’t any, you can’t miss the sudden jump of unfamiliar brands on the road in Malaysia. From Aion to Zeekr, consumers are spoilt for choice […]
... written on Dec 20 2024Germany, the European Union’s biggest economy and major car producer, opposed tariffs on Chinese-built electric vehicles (EVs) for obvious reasons. Home to BMW, Volkswagen and Mercedes-Benz, the German automaker will be severely hit with similar tariffs if China retaliates against European auto industry. But the company was fighting a losing battle against its own politicians. […]
... written on Nov 02 2024Europe’s Tariffs On China’s EV Backfires – Volkswagen Closing Factories Before Even Trade War Begins
When China officially connected to the internet on April 20, 1994, it was a huge milestone despite the 64-kilobit special line, which was made possible thanks to the service of U.S. telecommunication company Sprint. Back then, it would be a challenge for tourists to find a decent public toilet. The country was so poor that […]
... written on Sep 16 2024Once considered a luxury, bicycles were introduced in China about 150 years ago. But after a bicycle-manufacturing factory was set up in Tianjin in 1936, it quickly grew to meet the increasing demand. At one time, China was known as the “kingdom of bicycles” because it had a mind-boggling 670 million bicycles – the largest […]
... written on Jun 08 2024Americans can make about 11 gigawatts of solar panels per year, up from 6.4 gigawatts in 2022. In comparison, one Chinese company alone – JinkoSolar – is able to produce 56 gigawatts at its solar panel factory in Shanxi province. China as a whole can make more than 400 gigawatts of new panels every year […]
... written on Apr 11 2024Elon Musk has decided to do what he does best every time the demand for Tesla electric cars plunge – cut prices. With competition heating up over the past year, especially against BYD, a Chinese carmaker which is backed by legendary investor Warren Buffet, Tesla welcomes the New Year 2024 with more price cuts for […]
... written on Jan 19 2024As expected and predicted, Chinese car giant BYD has beaten Tesla for a second straight year as the world’s top seller of electric cars. The sales figures for the final quarter of 2023 showed that the American company produced 494,989 vehicles (delivering only 484,507). However, for the first time, the Chinese company sold 526,409 vehicles (excluding hybrid and commercial […]
... written on Jan 04 2024