In 2023, Chinas automobile production and sales volume reached a new high, exceeding 30 million units for the first time. The export of new energy vehicles has increased significantly, and China is expected to become the worlds largest automobile exporter.
Brazil launches an anti - dumping investigation on polyether polyols produced in China and the US, affecting chemical industry exporters and the Brazilian domestic market.
In 2023, South Koreas electric vehicle market witnessed significant changes, with domestic vehicle share dropping to 73.1% and imported vehicle share rising to 26.9%, reflecting new trends in consumer preferences and market competition.
The Impact of the UKs New Expanded Plastic - restriction Policy on Export Enterprises, providing detailed countermeasures and suggestions to help enterprises adapt to the environmental protection trend and reduce operational risks.
Starting from 2024, the EU will impose a 15% minimum effective tax rate on multinational corporations with annual revenues exceeding 750 million euros, aiming to increase public revenue and strengthen tax fairness.
Worlds top shipping companies reach agreement with Yemens Houthi rebels to ensure safe passage through the Red Sea, potentially shortening Asia-Europe shipping routes and impacting global freight rates.
Qcells has reached a significant agreement with Microsoft to supply up to 12 GW of solar modules to Microsoft over the next eight years, including full services such as design, procurement, and construction. This collaboration aims to accelerate the global transition to renewable energy solutions and promote the clean energy economy. Qcells plans to establish a fully integrated solar supply chain factory in the U.S. to support this goal.
The UK government passed the Product Security and Telecommunications Infrastructure Act 2022 (PSTI Act), which will be enforced on April 29, 2024. It aims to enhance the security of internet-connected products and their ability to resist cyber attacks. The Act requires all consumer internet-connected products sold in the UK market to meet minimum cybersecurity standards to protect consumer interests. Companies violating the requirements will face substantial fines.
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