Pakistan’s auto industry records 50% YoY rise in car sales for 8MFY25
Car sales increase YoY, reaching a total of 89,770 units compared to 59,700 units in fiscal year 2024
Sazgar Engineering sells over 3,500 units in February
From July 2024 to February 2025, Sazgar’s combined sales total 33,535 three-wheelers, with 26,900 units sold, and 10,453 four-wheelers, with 8,633 sold
Toyota launches its cheapest smart EV in China, aims to up market share
More than 10,000 orders were received within an hour of the launch
Trump grants one-month exemption on tariffs for automakers
The reprieve eases concerns for automakers that rely on cross-border production
EU plans law fair vehicle data access for insurers and leasing companies
The data includes information on driving habits, fuel consumption, and tyre wear
Tesla offers RMB 8,000 insurance subsidy for Model 3 buyers in China
Tesla China’s total sales reach 93,926 vehicles in January-February 2025, down 28.74% from 131,812 units in 2024
General Motors hires first Chief AI Officer to enhance vehicle technology
Barak Turovsky will join GM's software and services engineering team, reporting to Dave Richardson, SVP of the department
BYD raises $5.59 billion in Hong Kong’s largest share sale in four years
The company sells 129.8 million primary shares, up from the initial 118 million shares planned when the deal launches on Monday
Nishat Motors starts exporting Hyundai Santa Fe Hybrid to Sri Lanka
The move aligns with government policies, international standards, and the company’s dedication to Pakistan’s economic growth
BYD to raise up to $5.2 billion through Hong Kong stock offering
The deal comes amid rising momentum in Hong Kong’s equity market, as investors bet on a potential recovery in economic growth
Tesla’s market share declines in Europe as sales drop over 40%
Tesla registrations drop 42% in Sweden, 48% in Norway and Denmark, and 45% in France
OpenAI partners with Chip Ganassi Racing in first motorsports collaboration
The partnership aims to integrate OpenAI’s AI technology into Ganassi’s operations, boosting on-track performance and front-office efficiency
BYD begins vehicle deliveries in Pakistan through its local partner Mega Motor CompanyÂ
Customers in Karachi, Lahore, and Islamabad are the first to receive their BYD vehicles
Toyota’s global production rises 6% in January, first increase in a year
The automaker produces 781,729 vehicles worldwide, with a 22% increase in Japan offsetting declines in overseas production
China’s Baidu and CATL to develop competitive driverless vehicle models
Baidu will contribute its AI capabilities to support CATL’s digital transformation at the chip, platform, and application levels