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BEIJING (AP) — China's auto exports surged 63.7% in 2023 while domestic sales, boosted by year-end incentives, rose 4.2%, an industry association said Thursday. The surge in exports, to 4.1 million according to the China Association of Automobile Manufacturers, may propel China past Japan as the world's number one exporter of cars.
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There's no relief in sight for US car owners who've faced soaring costs of maintaining a vehicle in the past two years. Prices of motor-vehicle insurance rose 20.3% in December from a year.
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By. Selina Cheng. Updated Jan. 9, 2024 7:27 am ET. Listen. (2 min) China is now the world's largest auto exporter with Russia becoming its biggest buyer this year. WSJ explains how Chinese car.
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In 2023, passenger car exports rose 62% from 2022, according to the CPCA. More than a quarter of them were electric, it said. In fact, exports of all EVs — including battery electric vehicles.
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But most US consumers aren't going along for the ride. EVs remain too costly, at an average price of $60,544—about $13,000 more than a gas-fueled car, according to automotive researcher.
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19. Updated 2:55 AM PST, January 10, 2024. LAS VEGAS (AP) — Welcome to opening day of CES 2024. This multi-day trade event put on by the Consumer Technology Association is expected to bring some 130,000 attendees and more than 4,000 exhibitors to Las Vegas. The latest advances and gadgets across personal tech, transportation, health care.
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In the worst-case scenario, as many as 85,000 jobs in Slovakia, or 4.5% of the workforce, may be eliminated in the shift to electromobility, according to a study by GLOBSEC, a think tank based in.
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The automotive industry is racing toward a new world, driven by sustainability and changing consumer behavior, encompassing electric vehicles, connected cars, mobility fleet sharing, onboard.
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Size is also a core tenet of luxury, and premium-brand vehicles tend to skew larger and pricier. Our list of best luxury cars for 2023 focuses on the largest and most traditional models, such as.
Why the automotive industry is betting big on artificial intelligence
New car prices are often higher than many people can afford. Many buy a used car, although there's always some…. Hybrid vehicle technology remains popular as many top car makers work to keep up with demand. There are over 30…. If you want the best features of a sedan and an SUV, a crossover is the way to go. A….
