China has recently introduced a visa-free policy for passport holders from France, Germany, Italy, the Netherlands, Spain, and Malaysia. This means that travelers from these countries can now visit China without needing a visa.
The sales of passenger cars in the European Union have been consistently increasing for 15 months in a row. In October, there was a 14.6% growth compared to the previous year.
In the third quarter, the global sales of new energy vehicles reached 3.455 million units. Interestingly, the sales of BYD electric cars #EVS were only slightly different from Tesla, with less than a thousand units separating them.
BYD achieved impressive sales of 301,903 new energy vehicles in November. This represents an increase compared to the same period last year, where they sold 230,427 units.
Since its launch, the price of lithium carbonate futures has dropped by nearly 60%! This is great news for the electric vehicle industry as it will directly reduce the cost of batteries, making electric vehicles more affordable. Additionally, the price competition may drive further advancements in the industry, leading to improved product performance and lower production costs.
Iran has made a significant reduction in the import tariff on tires, lowering it from 32% to 10%.
Armenia is actively promoting a tax-exempt policy for importing electric vehicles. As a result, the number of imported electric vehicles has doubled from January to November.