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Top US Electric Vehicle Suppliers Powering the EV Revolution

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The electric vehicle (EV) market in the United States is rapidly expanding, with several key players leading the charge towards a more sustainable transportation future. For the past ten years, the US EV market has been expanding significantly. EVs accounted for about 12% of US passenger car sales in 2023 as per US export data.  According to US shipment data, the United States exported $3.25 billion worth of electric vehicles in the first two quarters of 2024. The six-digit HS code for electric vehicles is 870380 which comes under HS code 87 chapter for vehicles. Let's take a look at the top US electric vehicle suppliers that are powering the EV revolution with their innovative technologies and commitment to reducing carbon emissions. List of Top Electric Vehicle Suppliers in the US Powering EV Revolution based on US Suppliers Data 1. Tesla Inc.: $6.6 billion Tesla Inc. is the leading EV manufacturer in the world, with a strong focus on sustainable energy solutions. Headquarter...

Key Trends in Chile’s Import-Export Data for 2024: What You Need to Know

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The global trade landscape is constantly evolving, and staying ahead of key trends is critical for businesses looking to grow and expand their international presence. Chile, a major player in Latin American trade, has long attracted attention for its exports in mining, agriculture, and manufacturing. As we look toward 2024, understanding the key trends in Chile’s import-export data is crucial for making informed business decisions. In this article, we’ll uncover the top trends shaping Chile's trade, providing valuable insights into where opportunities and challenges may arise. Chile is recognized for its robust export-driven economy, with key industries like mining and agriculture leading the way. In 2023, Chile export amounted to approx. $95 billion, with copper and agricultural products continuing to dominate its international trade portfolio. However, 2024 promises to bring new opportunities, shifts in demand, and emerging markets. By analyzing the key trends in Chile's imp...