Focusing on traditional car companies,Stellantis ‘Italian factory will suspend production.
Due to weak demand for electric and luxury cars produced in Italy, Stellantis will suspend production at its Mirafiore factory in Turin from December 2 to January 5.
This shutdown will affect Fiat 500 pure electric vehicles and Maserati’s GranTurismo and GranCabrio models.
, Focusing on industrial and economic policies, the UK will increase its support for the automotive industry.
The British government has vowed to increase its support for the domestic automotive industry and will negotiate with automakers on changing the sales regulations for electric vehicles, who are unable to complete this year.
British Commerce Secretary Jonathan Reynolds said: “The Transport Secretary and I have clearly heard your call that support is needed to make this transition a success.
We will consult with you on changes to the ZEV authorization and invite you to provide suggestions on a better way forward.
“, Seven countries have called on the European Union to waive carbon emission fines for car companies, and the seven-member alliance of the European Union has called for action to maintain the competitiveness of the EU’s auto industry.
Italy, Poland and Austria have joined a group urging European Union competition ministers to find a solution to avoid fines for carmakers exceeding new emissions targets that take effect in 2025.
The alliance also includes Bulgaria, the Czech Republic, Romania and Slovakia.
, British car production fell for eight consecutive months.
Data from the Association of British Automobile Manufacturers and Traders (SMMT) showed that in October, British car production fell 15% year-on-year, falling for the eighth consecutive month.
Forecasting agency AutoAnalysis lowered its forecast for UK production in 2024 and 2025 by 12% and 16% respectively compared with the same period last year.
, Mexican President: Tariffs could cost the United States 400,000 jobs.
Mexican President Claudia Sheinbaum said that if U.S. President-elect Donald Trump implements a 25% comprehensive tariff proposal on it, Mexico will retaliate.
The Mexican government warned that the move could kill 400,000 U.S. jobs and push up prices for American consumers.
“If the United States imposes additional tariffs, Mexico will also increase tariffs,” Scheinbaum said at a press conference.
Focusing on intelligence, Xiaoma Zhixing was listed in the United States.
On November 27, Xiaoma Zhixing was officially listed on NASDAQ in the United States with the stock code “PONY”, becoming the first share of Robotaxi.
After the expansion of the issuance scale, if the underwriters ‘over-allotment rights are fully exercised, Xiaoma Zhixing will issue a total of 23 million American Depositary Shares (ADSs, each ADS corresponds to 1 common share) at a price limit of US$13 per share, with a financing amount of US$299 million, making it the largest IPO in the U.S. self-driving sector this year.
In addition, through the simultaneous private placement of common shares worth approximately US$153.
4 million, the total amount raised by Xiaoma Zhixing in this IPO can reach approximately US$452 million.
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