International

More than half of global new energy vehicle sales since 2021 in China

According to the 2022 World New Energy Vehicle Congress that opened in Beijing, by the end of 2021, sales of new energy vehicles produced in China accounted for more than half of the more than 16 million global total of new energy vehicles sold that year.

In the first half of 2022, global sales of new energy vehicles exceeded 4.22 million, up 66.3 percent year-on-year. China’s new energy vehicle sales reached 2.6 million, up 115 percent year-on-year.

Visitors watch a new energy car replacing its battery during the 2022 World New Energy Vehicle Congress
in Beijing, capital of China, Aug 26, 2022. The 2022 World New Energy Vehicle Congress
opened in Beijing and Hainan both online and offline on Friday

Wan Gang, chairman of the China Association for Science and Technology and World New Energy Vehicle Congress, said at the congress that the global new energy vehicle industry has entered a new phase of rapid development, which requires China to strengthen international exchanges and cooperation to establish new and sustainable global automotive industry chains and supply chains.

The 2022 World New Energy Vehicle Congress is being held in Beijing and Hainan both online and offline and is themed, “Comprehensively Promoting Electrification and Jointly Achieving Carbon-neutral”.

More than 1,500 representatives from 14 countries and regions are attending the congress and discussing topics like the commercialization of hydrogen and fuel cell vehicles, global industry chain synergy and integration, and jointly developing an intelligent ecology.

International

CARNEY’S LIBERAL PARTY VICTORIOUS

Mark Carney’s Liberal Party is projected to win enough seats to form a government in the Canadian elections which were held yesterday, April 28th

The party is still short of the majority but Carney is set to remain Prime Minister of Canada, a post he held for only two months following Justin Trudeau’s resignation.

Media reports state that the spectacular electoral comeback was fuelled in part by US President Donald Trump’s language, the trade war and economic threats.

Meanwhile the conservative leader and Carney’s main rival Pierre Poilievre has been projected to lose his seat.

Results at this time are:

Liberal – 168

Conservative- 144

Bloc Quebecois – 23

International

UK Trade Relationship With EU ‘More Important’ than with US

The UK chancellor has told the BBC that the UK’s trade relationship with the European Union, EU, is arguably “more important” than the one it has with the United States.

Rachel Reeves suggested that moving closer to the EU on trade was a bigger priority, despite her current focus on talks with the US.

After her meeting with US Treasury Secretary Scott Bessent last Friday, Reeves tweeted that both the UK and US want a deal that is “in both our national interests”.

Earlier this week, she signalled the UK could lower tariffs on US car imports from their current 10 per cent to 2.5 per cent as part of a wider deal.

The UK is preparing for a summit with the EU in May in an attempt to “reset” the relationship between the two.

International

CANADIANS GO TO THE POLLS TODAY

Canadians are casting their ballots today Monday April 28th, in a pivotal election that has been completely transformed by US President Donald Trump.

The Conservatives appeared certain to win any contest by a landslide at the start of the year, until Trump’s tariffs and barbs about making Canada the “51st state” upended the country’s politics and injected fresh life into Mark Carney’s Liberal Party.

The final polls suggest the Liberals are slightly ahead, although the race has tightened in the past week and Conservative leader Pierre Poilievre says his party can win.

The 36-day campaign ended on a sombre note as party leaders responded to the Saturday evening car ramming that killed 11 people in Vancouver.

Carney, the incumbent prime minister, cancelled a stop in Hamilton on Sunday morning to address the nation following the attack, which saw an SUV ram into a crowd gathered for a local Filipino festival.