New car sales in the European Union plummeted last year by a record 23.7 percent, according to the European Association of Automobile Manufacturers. It is noted that the coronavirus pandemic and quarantine restrictions have dealt...

Chinese electric vehicle manufacturer Xpeng Motors has announced a new autonomous driving feature for electric vehicles. With this, he decided to challenge competitors like Tesla. Navigation Guided Pilot (NGP) will let the P7 flagship sedan...

The US authorities dealt another blow to the Chinese company Huawei which is already under sanctions. The US government has notified several of Huawei's suppliers about withdrawing of previously issued supply approvals to the Chinese...

Proceeds from oil exports from Russia collapsed by 40.9 percent in January-November last year compared to the same period in 2019, and amounted to $66.391 billion. Such data was submitted by the FCS. In January-November,...

Last year the growth rate of the Chinese economy was the lowest in more than 40 years: GDP growth was only 2.3 percent against the background of the coronavirus pandemic, the State Statistics Office of...