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China’s Electric Car Price War Creates Tremors in Domestic Economy and Global Auto Market
China’s electric car price war is entering a fierce new phase. Industry leader BYD recently announced major price cuts—some slashing costs by nearly 30%—on several of its electric and hybrid vehicles. For example, the price of the budget-friendly BYD Seagull dropped to just 55,800 yuan (approx. $7,750), sending shockwaves through…
Toyota Motor Targets Major Growth in Plug-In Hybrid Vehicles During EV Uncertainty
Toyota Motor is increasing its focus on plug-in hybrid electric vehicles (PHEVs), aiming for significant growth in this segment. The company, which introduced hybrid technology to many Americans with the Prius 25 years ago, is now targeting PHEVs. Unlike traditional hybrids, PHEVs can operate solely on electric power for certain…
Germany’s Automotive Industry in Defense: Renk Seeks Auto Talent Amid Military Boom
Germany's defense industry is on the rise, and companies like Renk are shifting gears fast, turning to a surprising partner for help: the auto sector. As geopolitical tensions rise and defense budgets grow, Germany’s automotive industry in defense is becoming a major trend. Renk, a global leader in building gearboxes…
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