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Wuling Motors Holdings Ltd (6LY.BE)

Berlin - Berlin Delayed Price. Currency in EUR
0.0691+0.0017 (+2.52%)
At close: 09:05PM CEST
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  • Reuters

    Indonesia tax cut drives electric car sales for Hyundai, Wuling

    Sales of electric cars in Indonesia jumped last month after the government launched tax incentives, auto executives said, in an early sign that electric vehicle (EV) adoption is gaining traction in Southeast Asia's largest economy. Effective from April, Indonesia cut the value-added tax (VAT) on electric cars from 11% to just 1%, provided they are manufactured with at least 40% local content. Hyundai Motor Co's sport-utility vehicle IONIQ 5, a model eligible for the tax cut, saw sales jump three-fold to more than 600 units in April compared with the previous month, Sanghoon Yoon, an executive with Hyundai Motor ASEAN told Reuters on the sidelines of a seminar on energy transition in Jakarta.

  • Yahoo Finance

    GM CEO Mary Barra details the ‘tremendous opportunity’ in China

    Despite hiccups with supply shortages and COVID-related shutdowns, General Motors CEO Mary Barra is bullish on the China marketplace. GM CEO Mary Barra details the ‘tremendous opportunity’ in China

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