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China's Geely Holding Group has signed a deal worth $1.8 billion with Ford Motor Co. to acquire the US auto giant's Volvo car manufacturing unit in Sweden.

A report titled "Electric Cars Market: Opportunity Analysis and Future Assessment 2022-2030" has been added on Reports and Insights. In the market analysis 2022, the economic outlook is screened from driving factors to upstream markets and the comprehensive status of the market. An in-depth evaluation of the entire growth vistas for the overall and regional market is offered which is primarily based on a thorough evaluation of leading industry players, primary and secondary data.  The global electric cars market is estimated to reach at a value of US$ 7.1 Bn by the end of 2020 and expected to reach at a value of US$ 172.5 Bn by 2028 with a significant CAGR of 49.1% Request a Sample Copy of this Report @: https://reportsandinsights.com/sample-request/1362 Electric Cars Introduction The concept of electric cars is not something new. Noticeably, the automobiles, equipped with an electric motor, were manufactured before inventing cars with an internal combustion engine. The initial models of vehicles, which were created in 1830-1840 used to be deceptive and ponderous units which moved at extremely low speed. In present times, even more, than a century later, polluting petrol and diesel cars still dominate sales worldwide but fortunately there are hopeful predictions that year 2021 could prove the start of an enduring electric future. Although in recent decades, the idea of electric cars has advanced at an accelerated pace. In the modern-day world, electric cars are considered more than a peculiar means of transit. They have been acknowledged as a crucial core element of the energy transition. Electric vehicles have been identified as being a leading technology in depleting future harmful emissions and energy consumption in the automobile sector. Electric cars operate at least on electricity to some extent. In contrast with the conventional vehicles that employ a diesel or gasoline-powered engine, electric cars use an electric motor powered by electricity from

Hong Kong finished lower due to a pull-back from Wednesday's big gains and worry over the simmering Greek debt crisis. Funds flowed to laggards in the market.

Hong Kong opened higher with futures gaining 200 points, but ended with losses after late weakness in Chinese and other Asian markets triggered profit-taking.