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Market research agency TrendForce forecasted that global new car sales will reach 90.6 million units this year, up 2.4% YoY. Among them, the Chinese market is expected to account for 29%, while the US and Western European markets will account for 18% and 15% respectively.Because of the immense uncertainty posed by tariffs on the...
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24
Positive
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The European Automobile Manufacturers' Association announced that new car registrations in the EU fell by 2.6% in January.In January, the proportion of hybrid-electric vehicles in new car registrations sharply increased to 34.9%, once again becoming the top choice for EU car owners. The proportion of pure electric vehicles r...
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Research firm Rho Motion reported that global sales of battery electric vehicles (BEVs) and plug-in hybrid electric vehicles (PHEVs) in January increased by 17.7% YoY to 1.3 million units, marking the third consecutive month of slowing growth.Due to the impact of the Chinese New Year holiday in January, sales growth in Europe an...
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The three major U.S. stock indices presented different trends on Thursday as the market eyed on the latest round of corporate quarterly results. The DJIA opened higher but trended lower, losing up to 328 points. It ended 125 points or 0.3% lower at 44,747.The S&P 500 closed 22 points or 0.4% higher at 6,083, up for three con...
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After reaching an agreement with Mexico on the border troops issue, US President Donald Trump postponed the imposition of new tariffs on the country for a month.US stocks still faltered on Monday but at a slower rate. The S&P 500 closed slipping 45 points or 0.8%. The DJIA's fall significantly narrowed from a slump of ov...
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