Global pet trade shows boom as industry booms
Shanghai — According to Precedence Research, the global pet care market is expected to be valued at US$598 billion by 2033, and international pet trade shows are becoming an indispensable center for innovation and networking in the industry. The 26th Shanghai Asia Pet Expo, hosted by China's Globus Events, set a new benchmark for success last August. The show covers an area of 300,000 square meters and attracts more than 2,500 exhibitors showcasing breakthrough products and innovations. The show attracted a record 124,000 attendees from 91 countries, representing a 41.8% increase in international visitors compared to 2023. International attendees account for 10% of total attendance, making it the most diverse show in the world in its history. The 2024 Asian Pet Expo set a record number of visitors. David Chung, president of Globus Events and founder of Asia Pet Show, said: "Despite the current economic environment full of uncertainty, the growth in the scale and number of visitors to Asia…
Hybrid car sales boom in Europe while EVs and plug-in hybrids lose ground
About 1.06 million new cars were sold in Europe last month. New car sales in France fell by 12.7% and in Italy by 10.8%. The share of electric vehicles fell from 16.3% to 15%. November was a difficult month for the European car market, with sales of pure electric cars, plug-in hybrids, gasoline and diesel cars all falling sharply. The only powertrain configuration to see sales growth was hybrids, again underscoring the shift in the market. var adpushup = window.adpushup = window.adpushup || {que:()}; adpushup.que.push(function() { if (adpushup.config.platform !== "DESKTOP"){ adpushup.triggerAd("0f7e3106 -c4d6-4db4-8135-c508879a76f8"); } else { adpushup.triggerAd("82503191-e1d1-435a-874f-9c78a2a54a2f"); Across the EU, new car sales fell 1.9% in November to about 1.06 million vehicles. This was partly due to a sharp 12.7% drop in sales in France and a 10.8% drop in Italian sales. Sales in Germany stagnated, growing by just 0.5%. Spain was the only country among the four major EU markets to achieve sales growth, with an increase of 6.4%. Read:…
Oil prices are expected to enter a boom cycle by 2035
Consulting firm Rapidan Energy Group reports that the global oil market is on the verge of a major price increase expected to begin in the middle of the next decade as demand continues to grow in markets such as China. The consultancy predicts that as expectations of global demand peaking in 2030 fade, the reality of structural supply shortages will become apparent. Also read: Saudi Arabia slashes oil prices in Asian markets due to OPEC+ delays With spare capacity expected to decrease significantly by 2035, oil prices may enter a boom cycle. Interestingly, world oil consumption is expected to continue growing until 2050, although there are various scenarios for evaluating EV upgrades. Specifically, gasoline demand will continue until 2035, with no significant decline even in China, a major driver of EV adoption. Data from the IndexBox platform highlights China's important role as the largest oil importer, with import value reaching US$337.3 billion in 2023. Other major importing countries include the…
Volkswagen starts ID. U.S. delivery boom kept secret from dealers
Comedian and Volkswagen collector Gabriel “Fluffy” Iglesias received the first ID. caused a sensation in the United States Volkswagen has delivered the first US-spec ID. Shout out to Gabriel “Fluffy” Iglesias. The comedian is a famous Volkswagen collector and owns a variety of classic vans. While deliveries have just begun, most dealers appear to be avoiding markups. Buses are back as Volkswagen starts offering IDs. caused a sensation in the United States. The car has been years in the making, with the first model being handed over to comedian Gabriel "Fluffy" Ige by Pablo Di Si, President and CEO of Volkswagen Group of America Gabriel “Fluffy” Iglesias. The handover took place in California after a visit to Iglesias' garage, which was filled with Volkswagens and memorabilia. Iglesias has shown off his collection several times, which he calls his "fluffy Volkswagen Museum" because of the dizzying array of classic vans inside. Volkswagen ID.Buzz review: The coolest minivan on the block, but…
Electric vehicle discounts drive U.S. sales boom to record third quarter, but can it do it?
The average incentive rate for new electric vehicles in the U.S. last quarter was 12% of the average transaction price go through Brad Anderson October 19, 2024 16:00 In the third quarter, electric vehicle sales increased by 11% year-on-year, with 346,309 units sold, accounting for 8.9% of the total US market. Kelley Blue Book data shows that EV incentives averaged 12% in the third quarter, driving sales growth across the segment. Tesla maintained the top spot with more than 86,000 Model Y sales, followed by General Motors, which saw electric vehicle sales increase nearly 60% in the third quarter. U.S. electric vehicle sales rebounded strongly in the third quarter, soaring 11% year-on-year, accounting for 8.9% of the total new car market, a record high. This strong rebound suggests that while overall EV growth momentum has faltered for much of 2024, interest in the sector is far from waning. While global and even U.S. electric vehicle sales have been slowing for…
JCB launches T 65D diesel-powered telescopic boom platform
introduce JCB is a global leader in Material Handling equipment, launching the first diesel-powered Telescopic boom platformthis Type 65Din India. The major launch took place during the Aerial Platform Association of India (APAOI) conference held in Goa and marks a new milestone for the industry. JCB T65D Designed to provide excellence Reliability, efficiency, comfort, Most importantly, Safetyto meet the growing demand India and global markets. JCB T 65D: A new standard in safety and productivity this JCB T65D Produced at JCB's state-of-the-art facility in Jaipur, the product reflects the company's commitment to Made in India This world-class machine is designed to meet the highest standards of safety and productivity, providing a powerful solution for customers seeking new equipment, backed by a full warranty and comprehensive JCB support. By investing in local manufacturing, JCB enables customers to purchase high-quality, Made in India machines instead of relying on second-hand imported machines. Key Features and Functionality this JCB T65D The platform height is…
Central China’s economic boom and Wuhan entertainment expo drive the upgrading and expansion of central China’s entertainment market.
Central China's economic boom and Wuhan entertainment expo drive the upgrading and expansion of central China's entertainment market. At the end of 2016, the National Development and Reform Commission issued the "Thirteenth Five-Year Plan for Promoting the Development of the Central Region", which clearly pointed out that to achieve the development of the central region, we must start from the cooperation and collaboration of urban complexes in the central region and realize the orderly development of the tertiary industry; with tourism and culture Create a central economic city in areas such as entertainment, leisure and entertainment, business and culture. The six provinces in central China account for more than 25% of the country's population, with a total population of 367 million, but only about 10% of the territory. The GDP is 15.91 trillion yuan and the per capita GDP is 43.3 billion yuan. . In 2017, 690 major projects were intensively started in Hubei, with a total investment of 458.6…
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