CATS sees local electric vehicle market to further grow - BusinessWorld Online

LUXURY vehicle distributor CATS Group of Companies is optimistic about the growth of electric vehicles in the country, citing surging consumer demand.

Mr. Ang added that EV infrastructure is another factor considered by CATS in introducing EVs domestically. Meanwhile, Mr. Ang said that CATS occupied 35% of the luxury vehicle market. However, he said that CATS has lost its “market leader” status in the luxury segment due to supply issues. On Jan. 17, global automotive distributor Inchcape announced that it took a controlling stake, or 60%, in CATS as part of a joint venture agreement between the two companies. The Ang family, founder of CATS, will retain 40% of the company.

México Últimas Noticias, México Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

Inchcape PLC Acquires Controlling Stake In CATS Group Of Companies | CarGuide.PH | Philippine Car News, Car Reviews, Car Prices
Fuente: carguideph - 🏆 16. / 63 Leer más »

CATS Motors: Business remains brisk | Andrea E. San JuanCATS Motors Inc., a major distributor of luxury vehicles in the Philippines, said sales of its products remain strong despite rising inflation. Francis Jonathan C. Ang, CATS director and COO of Mercedes-Benz, said while “inflation has definitely pushed prices up pretty significantly for cars in the last year, overall lack…
Fuente: BusinessMirror - 🏆 19. / 59 Leer más »