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Uzbekistan to boost car production, export

Uzbekistan to boost car production, export

Uzbekistan is to increase the production of cars from the current 250,000 to 350,000 units by 2023 and to boost export to at least 100,000 cars. Joint Stock Company “Uzavtosanoat” was given the task during a meeting chaired by Uzbekistan President Shavkat Mirziyoyev to discuss the development of the automobile industry. Uzbekistan’s automobile industry has […]

China’s car market energized by opening up efforts

China’s car market energized by opening up efforts

In the Tesla’s new gigafactory in Shanghai, hammer apparatus, excavators, dumper lorries, and dozens of electric workers are busy with the construction of a plant that is capable of producing 500,000 cars each year upon completion. As the first wholly foreign-owned new-energy car subsidiary in China, the super factory received 50 billion yuan ($7.45 billion) […]

S. Korea: market share of eco-friendly cars jumped to 8.2 pct last year

S. Korea: market share of eco-friendly cars jumped to 8.2 pct last year

The share of environment-friendly vehicles jumped to 8.2 percent of South Korea’s passenger car market last year on government subsidies and changing consumer appetite, a car industry association said Sunday. In 2018, the number of environment-friendly vehicles, such as hybrid electric, all-electric and hydrogen fuel-cell electric models, reached 124,979 units, jumping 26 percent from a […]

Seoul Motor Show losing appeal among carmakers

Seoul Motor Show losing appeal among carmakers

Korea’s largest car exhibition, Seoul Motor Show, is losing support from carmakers and parts suppliers as the show is no longer effective for promoting their products or provide new experience to visitors, according to industry officials Wednesday. They also criticized the organizers for still being obsessed with the number of new cars unveiled or other […]

Hyundai Genesis EQ900 launch at Grand Hyatt, Seoul

Hyundai Genesis EQ900 launch at Grand Hyatt, Seoul

On December 9, I had an opportunity to attend the launch of Gensis EQ900 at Grand Hyatt Hotel. I went in with no expectations whatsoever, but I was thrilled to see the number of people and the energy in the event. Suit-worn, tie-clad men in black stood, chatting and chuckling. Journalists talked and took photos, […]

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