China Association of Automobile Manufacturers (hereinafter referred to as CAAM) latest released data show that in August China's new energy vehicle production and sales year-on-year to maintain the trend of rapid growth in new energy vehicle sales accounted for the proportion of new car sales continued to improve. (File photo)Data show that in August, China's new energy vehicle production and sales were completed 1,092,000 and 1,100,000 respectively, an increase of 29.6 per cent and 30 per cent year-on-year, and new energy vehicle new car sales reached 44.8 per cent of the total new car sales.From January to August this year, the production and sales of new energy vehicles were completed 7.038 million and 7.037 million respectively, up 29% and 30.9% year-on-year, and the sales of new energy vehicles reached 37.5% of the total sales of new vehicles.In terms of exports, in August, 110,000 new energy vehicles were exported, up 22% year-on-year; from January to August, 818,000 new energy vehicles were exported, up 12.6% year-on-year.According to the analysis of CAC, since the National Development and Reform Commission and the Ministry of Finance issued the ‘Several Measures on Strengthening Support for Large-Scale Equipment Renewal and Consumer Goods Replacement’ on 25 July, the subsidy for automobile scrapping and renewal has been stepped up, and the average daily number of applications for subsidies for scrapping and renewal in August exceeded ten thousand. Some provinces and cities have also introduced replacement and renewal policies, and market consumption enthusiasm has been further stimulated, especially the strong performance of new-energy vehicles, which has boosted the growth of automobile production and sales on a year-on-year basis.Source: Declaration: This article comes from the Xinhua.If copyright issues are involved, please contact us to delete.

According to US media reports, on 31 August local time, the US National Highway Traffic Administration said Ford is recalling 90,736 trucks in the US because the vehicles' engine safety intake valves could rupture during driving. The recall involves some 2021 to 2022 models of the Spirit, F-150 Raptor, Renegade, Explorer, Lincoln Voyager and Lincoln Aviator equipped with the 2.7-litre or 3.0-litre Upgrade Programme start-up update.The National Highway Traffic Safety Administration said that as part of the barrier measures, Ford dealers will conduct free engine cycle tests and subsequently replace the engines for owners of the vehicles in question.Declaration: This article comes from the CCTVNEWS client.If copyright issues are involved, please contact us to delete.

Against the backdrop of the booming global automobile industry, China's automobile and its parts industry has occupied a pivotal position in the international market by virtue of its advanced production technology and perfect supply chain system. With the rise of the pet economy and changes in the travel habits of overseas consumers, a new market segment - the pet auto parts market is quietly rising overseas, becoming the focus of industry attention.Blue Ocean Potential of Pet Auto Parts MarketAccording to Google Trends data, in the past 90 days, the global search heat of the term “pet travel” (pet travel) has continued to be high, showing that the close integration of pets and automobile travel has become a new life trend. Especially in countries and regions such as Qatar, the United Arab Emirates, New Zealand and Australia, users are particularly concerned about pet travel. The Investment and Finance Research Institute points out that behind this trend is the pursuit of high-quality and high-freedom lifestyles by Generation Z consumer groups, who are more willing to bring their pets along to enjoy the fun of outdoor self-driving, thus driving the rapid growth of the pet auto parts market.Hot Sales Trend and Consumer PreferenceAccording to the sales data on Amazon.com, pet car seats have become hot-selling products, with monthly sales easily exceeding thousands of units, with prices ranging from $17.59 to $79.99. These hot-selling products generally have “waterproof”, “adjustable harness”, “portable and breathable”, “removable” and “waterproof” features. These hot-selling products generally have “waterproof”, “adjustable seat belt”, “portable and breathable”, “removable”, “easy to use”, “easy to remove”, “easy to use”, “easy to use”, “easy to remove”, and “easy to use”. These hot-selling products generally have core functions such as “waterproof”, “adjustable harness”, “portable and breathable”, “detachable”, “easy to clean”, etc., which meet the needs of pet owners in different scenarios. The Investment and Finance Research Institute believes that as consumers' requirements for product quality and experience continue to improve, the pet car accessories market will pay more attention to the innovation and practicality of products.In terms of material selection, environmentally friendly and durable, waterproof and easy-to-clean materials have become the mainstream trend. Meanwhile, in order to enhance the comfort of the pet's ride, sellers have adopted ergonomic design and advanced material technology. For example, breathable materials with PVC mesh surfaces are favored for their good breathability and comfort. In addition, multifunctionality is also one of the key concerns of consumers, such as the design of pet car seats doubling as carriers or travel beds, which further meets the diversified needs of pet owners.How to Layout Overseas MarketIn the face of this blue ocean market full of opportunities, the Investment and Financing Research Institute offers the following suggestions for entrepreneurs who want to engage in cross-border e-commerce in this field.Precise positioning and market research: Understand the pet keeping preferences and traveling habits of the target market, and aim at the demand of segmented scenarios, so as to provide strong support for product design and marketing.Social media marketing: Take advantage of the high traffic and strong dissemination of social media platforms such as TikTok, Instagram, Pinterest, etc., and increase product exposure and conversion rates through scenario-based marketing and vertical field seeding.Festive promotions and limited-time offers: Seize major festivals in overseas countries and launch promotional strategies such as full-price discounts and coupons, and utilize Shoptop and other e-commerce tools to create an atmosphere of hot sales and a sense of urgency through “limited-time promotions”.Continuous innovation and customized services: Continuous innovation in product design, providing customized services and personalized pet elements to meet consumers' pursuit of product uniqueness and personalization.The Investment and Financing Research Institute believes that the business of pet auto parts cross-border e-commerce, as an emerging and full of potential segment, will bring unprecedented development opportunities for entrepreneurs who dare to take risks and try. However, to stand out in this blue ocean, sellers need to have a keen market insight and continuous innovation, while focusing on product quality and user experience improvement. Only in this way can they stand invincible in the fierce market competition.Market data further confirms this trend. Relevant statistics, the global auto parts and accessories market size will grow from $697.84 billion in 2023 to $108.73 billion in 2031, with a CAGR of 5.7%. Meanwhile, finance.yahoo data shows that the global pet accessories market size is expected to reach $55.4 billion in 2030, with a CAGR of 6.8%. Among them, the pet car seat market, as an emerging segment, has particularly great growth potential. The Investment and Finance Research Institute believes that the market demand for pet car seats and other products will continue to expand as pet owners' awareness of pet travel safety improves.Declaration: This article comes from the China Youth Kandian.If copyright issues are involved, please contact us to delete.

New energy vehicles displayed at the booth of German brand Audi at the fourth Consumer Expo.Xinhua News Agency reporter Yang GuanyuGermany is the traditional powerhouse of the automotive industry, with a century of automotive design, production history and perfect industrial supply chain. However, in recent years, with the acceleration of the trend of new energy transformation of the car, Germany, the car “teacher” has encountered new problems, many traditional auto parts manufacturers have recently encountered operational difficulties, once proud of the supply chain scenery is no longer, reflecting the German car electrification transformation road facing multiple challenges.German car seat manufacturer Lei Carlo recently filed for bankruptcy. This enterprise had for BMW, Mercedes-Benz, Lamborghini and other well-known car brands production seats, its bankruptcy has become the latest example of many German auto parts enterprises operating difficulties.German consulting firm Falkensteiger Holding data show that in the first half of 2024, a total of 20 German auto parts suppliers with annual revenues of more than 10 million euros filed for bankruptcy, a year-on-year surge of more than 60%. There are also some companies in order to reduce costs and increase efficiency, had to lay off employees or close non-core business.Analysts said, parts manufacturers operating difficulties, on the one hand, the reason is the weak economy, domestic production continues to shrink leading to a decline in demand; on the other hand, the wave of new energy changes in the automotive industry also caused a greater impact on the traditional supply chain. German Automotive Research Center said that the German auto parts companies facing operating pressure is mainly concentrated in the field of internal combustion engines.Compared with traditional fuel vehicles, the number of parts required for electric vehicles is greatly reduced. German Hanover SME University of Applied Sciences automotive experts Frank Schwope predicted that by 2030, the German automotive supply chain jobs will be reduced from the current 270,000 to 200,000, weakening the influence of the German automotive industry.New energy change brings a huge impact, the German car electrification road is not smooth. Mercedes-Benz announced at the beginning of the year, will be 50% of its electric car sales accounted for the realization of the target time from 2025 postponed to 2030; Porsche announced to give up the 2030 electric car sales accounted for 80% of new car sales target; Volkswagen Group is also considering the closure of the Audi Q8 e-tron electric car factory in Belgium.Meanwhile, the German federal government announced in December 2023 the early termination of subsidies for electric cars, a move that intensified the wait-and-see mood of consumers. Data from Germany's Federal Motor Transport Authority showed that new electric vehicle registrations fell 36.8% year-on-year in July; the market share of newly registered electric vehicles in Germany in the first half of the year fell to 12.5% from 15.8% in the same period last year.In view of the change in market demand, many vehicle manufacturers have slowed down the electrification process this year, and continue to cancel or postpone orders, which further aggravates the business difficulties of spare parts suppliers. Nevertheless, some German auto parts head enterprises still maintain a positive attitude to deal with the transformation challenges. For example, Bosch plans to launch about 30 EV-related projects this year; Continental plans to spin off its core automotive division and seek an independent listing; and chipmaker Infineon is focusing on automotive digitization to find new profit growth points.“The current market situation is not good, resulting in the electric drive train production line, which we have invested a lot of money in establishing, being partially idle.” ZF CEO Ko Haoche said, “But the future of the automotive industry belongs to electric vehicles is certain, companies have actively invested in this field, and will continue to invest heavily.”Schwope also believes that German parts manufacturers need to adjust their strategies as soon as possible to adapt to the new competitive landscape. Small enterprises with limited capital can cooperate with large enterprises to obtain technical support through technology transfer or joint research and development, while large manufacturers need to utilize their scale and R&D advantages to explore new growth paths. Declaration: This article comes from the Xinhua News Agency.If copyright issues are involved, please contact us to delete.

Xinhua News Agency on August 11 was authorized to release the “CPC Central Committee and State Council on accelerating the economic and social development of comprehensive green transformation opinions” (hereinafter referred to as “opinions”). The Opinions pointed out that in order to accelerate the comprehensive green transformation of economic and social development, in the field of transportation, it is planned that by 2030, the intensity of carbon exchange emissions of the operating and stopping unit counting turnover will be reduced by about 9.5% compared with 2020; and by 2035, new energy vehicles will become the mainstream of new sales vehicles.At the same time, to build green transportation infrastructure. Enhance the level of greening of new stations, airports, terminals, and highway facilities, promote energy-saving and carbon-reducing renovation and upgrading of transportation infrastructure, build low-carbon (near-zero carbon) stations, airports, terminals, and highway service areas, and develop photovoltaics along highways according to local conditions. Improve the basic network of charging (exchange), hydrogen (alcohol) stations, shore power and other facilities, and accelerate the construction of urban intelligent transportation management systems.In the field of transformation of consumption patterns, it is necessary to actively expand green consumption and establish green consumption incentive mechanisms. Encourage users to expand green consumption, support conditional areas through the issuance of consumption vouchers, green points, etc., and encourage enterprises to adopt “trade-in” and other means to guide consumers to buy green products. New energy vehicles and green smart home appliances, water-saving appliances, energy-saving stoves, and green building materials will be sent to the countryside, and supporting construction and after-sales service will be strengthened. Optimize the government's green procurement policy, expand the scope and scale of green product procurement, and incorporate carbon footprint requirements into government procurement in due course. Guiding enterprises to implement green procurement guidelines, encouraging enterprises in a position to do so to establish green supply chains, and driving the harmonious transformation of downstream enterprises.In the policy area, it is necessary to build green transformation fiscal and taxation policies. Implement preferences for environmental protection, energy and water conservation, comprehensive utilization of resources, new energy and clean energy vehicle and ship systems. Actively build fiscal and taxation policies conducive to green low-carbon development and efficient use of resources, support the construction of new energy systems, transformation and upgrading of traditional industries, green and low-carbon scientific and technological innovation, energy conservation and intensive use and promotion of green and low-carbon life and other areas of work.The Opinion that promoting the greening of economic and social development, low-carbon, is an important symbol of the new era of the Party's new philosophy of governance, is the key link to achieve high-quality development, is the solution to China's resources, environment and ecological problems of the foundation of the policy, is the construction of modernization of harmonious coexistence between man and nature inherent requirements.More information or cooperation welcome to pay attention to the China Economic Net official weibo (name: China Economic Net, id: sourcecn)Source: China Economic Net

Tesla has stopped accepting orders for the Cybertruck, the cheapest version of its electric pickup truck priced at $61,000, while the $100,000 version of the Cybertruck can be ordered immediately for delivery as early as this month, according to CCTV Finance, which cited a foreign media report on the U.S. electric-vehicle maker's website.Industry analysts say the adjustment could indicate lower-than-expected demand for the Cybertruck.The supply and demand for the Cybertruck has been closely watched by Tesla investors and consumers, as CEO Musk has invested significant resources into the development of the Cybertruck and plans to produce 200,000 of them annually, but with the higher-priced version of the Cybertruck having less range than initially predicted, a number of customers now prefer the cheaper version of the Cybertruck, which has a lower price than the original forecast. However, as the range of the higher-priced version of the Cybertruck has been lower than initially predicted, many customers now prefer the cheaper version of Cybertruck.Previously, Musk said at the 2024 Tesla shareholders meeting that Tesla is currently shipping a record 1,300 Cybertrucks per week, and will build special versions for China and the European Union.Declaration: This article comes from the first finance.If copyright issues are involved, please contact us to delete.

SEOUL, July 28 (Yonhap) - South Korea's exports in the first half of this year totalled 334.8 billion U.S. dollars, an increase of 9 percent year-on-year, according to data released by the Circum-Asia Economic Data Company Limited (CEIC) on 28 July. During the same period, Japan's total exports decreased by 3.6 percent year-on-year to $338.3 billion. As a result, the gap between South Korea and Japan's exports narrowed to $3.5 billion, a record low.Korea's exports have never exceeded Japan's. Japan's exports peaked at $823.6 billion in 2011, and then showed a downward trend, falling to $756 billion in 2021, $735.8 billion in 2022, and last year fell to $717.3 billion.On the contrary, South Korea's semiconductor industry is developing rapidly, electric cars and hybrid cars to push up the growth of automobile sales, export performance is bright. 2021 South Korea's exports of $644.4 billion, 2022 to $683.6 billion, a record high, 2023, although slightly reduced to $632.2 billion, but this year, thanks to the semiconductor and automobile exports, is expected to successfully achieve the goal of 700 billion U.S. dollars! The gap between Korea and Japan's exports reached a record high in 2008.Korea-Japan export gap reached $359.9 billion in 2008 and gradually narrowed to $303.7 billion in 2010, $ 268.3 billion in 2011, and then reduced to $ 250.6 billion in 2012, has been less than $ 200 billion. 2022 down to $ 63.2 billion in 2023 to $ 85 billion. The first half of this year was only $3.5 billion, considering the weakness of Japan's exports and the continued growth of South Korea's exports, South Korea's exports are expected to catch up with Japan for the first time this year.According to CEIC statistics, the world's top ten exporting countries, the first five months of this year, South Korea's exports increased by 9.9% year-on-year, ranking first. To the cumulative exports in the first five months of this year, South Korea ranked seventh in the world, if this year's strong export momentum continues, is expected to be among the world's top five.Declaration: This article comes from the Yonhap News.If copyright issues are involved, please contact us to delete.

Japan's Ministry of Land, Infrastructure, Transport and Tourism is expected to change regulations at a later date to require new models of automatic cars to be fitted with an anti-misstep device, which will gradually be extended to new cars of existing models. The device will use technology capable of detecting objects in front of and behind the vehicle to stop the car from accelerating, and even if the driver fully depresses the gas pedal at a distance of 1 to 1.5 meters from a large object, the car will come to a stop before hitting the object, or reduce its speed to less than 8 kilometers per hour if a collision is unavoidable. When the device is activated, a warning is also displayed in the car, such as “release the gas pedal”.Declaration: This article comes from the China Automotive News.If copyright issues are involved, please contact us to delete.

35 to 40% of new heavy goods vehicles sold in Europe in 2030 would be Zero Emission, according to a VIsion'AIR analysis note presented today. A share incommensurate with the current 2% and yet much lower than the announcements of most Manufacturers.An alternative vision, nevertheless making it possible to meet the CO 2 objectivesThe Vision'Air study, carried out by the FFC in partnership with BDO Advisory, and its 35 to 40% of new "zero-emission" heavy goods vehicles in Europe in 2030, offers an alternative vision to that of most manufacturers, which have 50% targets. A more diversified engine mix would, however, be enough to achieve the objective, voted by the European Commission on April 10, of reducing CO 2 emissions from new heavy goods vehicles by 45%.A vision conditioned on significant price reductionsAchieving 35% of new zero-emission heavy goods vehicles in Europe in 2030 represents a very significant acceleration compared to today's 2%.This requires an ambitious context between now and 2030, reflecting the commitment of all players in the sector:Reductions in technology prices: on average 40% for Batteries and 55% for Hydrogen PACReductions in pump prices for carbon-free energies: 14% for electricity and 17% for green hydrogenTax levers, on purchase and/or use, to support the 15% TCO reductionSufficient energy infrastructure to enable market development, such as the need for 500,000 charging stations, at the depot and while roamingTCOs not yet competitive in 2030 in long distance and hydrogenEven if all these conditions are met, certain TCOs will not be competitive compared to other engines: in particular those of Hydrogen heavy goods vehicles and those of electric heavy goods vehicles for long distance uses. A focus on the evolution of Tractor TCO provides an example.The growth of zero-emission heavy goods vehicles will therefore be significant in Europe by 2030, but hampered by TCOs that are still non-competitive for certain uses or technologies and conditional on sufficient energy infrastructure.Independence of visionThe results are based on hypotheses constructed with the help of a consortium of players in the sector: manufacturers, equipment manufacturers, energy companies and transporters.The independence of VIsion'AIR results is due to the model developed by BDO Advisory. This model simulates rational choices of demand based on cost, purchasing and usage (TCO) criteria, depending on the engines available, the categories of heavy goods vehicles and the distances to be covered.A sector today in uncertainty according to Patrick CholtonCharging networks for electric heavy goods vehicles or refueling networks for hydrogen heavy goods vehicles are not sufficiently developed and are very expensive. Zero-emission heavy goods vehicles have a high initial cost which is a barrier for many fleet operators.Battery autonomy for electric heavy goods vehicles appears insufficient for long distances, requiring frequent stops. In addition, these heavy goods vehicles may have a reduced payload capacity due to the weight of the batteries, which makes them less competitive.Government policies may lack clarity or stability depending on the country, discouraging investment in zero-emission heavy goods vehicles. Financial incentives, whether subsidies or tax credits, are insufficient to offset the high initial costs.Declaration: This article comes from the FFC.If copyright issues are involved, please contact us to delete.

South Korean market research organization “SNE Research” released data on the 10th, South Korea's three major power battery makers in the January-April this year in the market outside of China installed capacity share fell slightly year-on-year.