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Chery, Bosch sign Europe ADAS nomination; production to start in 2028, over 800,000 units in five years

Chery, Bosch sign Europe ADAS nomination; production to start in 2028, over 800,000 units in five years

Chery Automobile and Bosch signed a project nomination in Paris. The two parties will cooperate on Chery's first batch of localized ADAS projects in Europe, covering Bosch's fourth-generation multi-purpose camera MPC4 and an integrated driving and parking system. The system is planned to be installed on six all-new Chery models, with mass production to start in 2028 and total output expected to exceed 800,000 units over a five-year cycle. Bosch disclosed that MPC4 series camera nominations have covered more than 50 models, with orders exceeding the ten-million-unit level; its one-stage high-level intelligent driving assistance solution has completed testing and validation in Germany, France, and Japan, and is planned to achieve road adaptation validation in multiple regions including North America, the Middle East, Southeast Asia, and the EU within 2026. This nomination reflects that Chinese automakers' going global is extending from vehicle exports to localization of the intelligent supply chain.

1971 day ago
Thailand Plans About 30% Excise Tax on Imported EVs, Sets Three-Tier Rates

Thailand Plans About 30% Excise Tax on Imported EVs, Sets Three-Tier Rates

Thailand's finance minister said Thailand is finalizing an excise tax of about 30% on fully imported electric vehicles, compared with the current rate of about 10%. The new plan sets three excise tax tiers: fully imported vehicles at the highest rate, locally produced vehicles at the lowest, and locally assembled vehicles in the middle. Constrained by free trade agreements, Thailand cannot directly raise tariffs, so it is turning to excise taxes to encourage local investment and supply chain localization. Currently, nine electric vehicle manufacturers produce in Thailand, and some Chinese and European automakers plan to invest in Thailand to enjoy lower tax rates. The final rates are expected to be decided this month.

48129 days ago