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Car Market
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Mercedes-Benz Extends Battery Production to Thailand
Mar 21, 2018Mercedes-Benz Cars is investing more than €100m in a battery factory in Thailand. With a strategic decision Mercedes-Benz Cars is enhancing the manufacturing footprint in South-East Asia addressing growing demand for electric ...
Tags: Mercedes-Benz Cars, battery
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Aston Martin Showcases Lagonda Vision Concept
Mar 12, 2018Aston Martin has unveiled Lagonda Vision Concept, the first luxury brand exclusively driven by zero emission powertrain technologies. Production is planned to start in 2021. Lagonda aims to be the world’s first zero emission ...
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Renault, Brilliance China Automotive Form JV to Manufacture Light Commercial Vehicles
Dec 19, 2017Groupe Renault and Brilliance China Automotive have signed a joint venture (JV) contract to manufacture and sell light commercial vehicles (LCV) in China in three segments with three brands. The new JV, which will be known as ...
Tags: Renault, Light Commercial Vehicles
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Ford Plans to Introduce More Than 50 New Vehicles in China by 2025
Dec 8, 2017Ford has outlined the next phase of its China expansion strategy, focused on SUVs, electric and connected vehicles, a streamlined business structure and closer connections to Chinese customers. Executive Chairman Bill Ford and CEO Jim ...
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Qorvo's Beijing Manufacturing Facility Earns Automotive ISO/TS 16949 Quality Certification
Jun 29, 2017Qorvo Inc of Greensboro, NC, USA (which provides core technologies and RF solutions for mobile, infrastructure and defense applications) says that its Beijing manufacturing facility has earned ISO/TS 16949 qualification for testing and ...
Tags: Qorvo, Automotive
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Bmw M8 Sports Car Set to Arrive in 2018
May 31, 2017BMW has announced that its new-for-2018 M8 GTE challenger will make its global race debut at next year's Rolex 24 Hours at Daytona. The new M8 model will be equipped with classic M features including larger air intakes, modified brakes ...
Tags: BMW, Sports Car
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Kia Motors to Invest $1.1bn for Car Manufacturing Plant in India
May 2, 2017South Korean automobile manufacturer Kia Motors is set to enter the Indian car market by investing $1.1bn to build its first factory in the country. The company signed a memorandum of understanding (MOU) with the State Government of ...
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Auto LED Market Demand Drives the Market Value
Mar 24, 2017Benefiting from the steady LED market price and the rapid growth of the automotive lighting field, automotive LED value will reach $2. 817 billion (+14.8% YoY) in 2017, as LEDinside forecasts. Relatively speaking, the compound annual growth ...
Tags: LED market, LED, LED lighting
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PSA Group Confirms Talks to Acquire GM's Vauxhall and Opel Brands
Mar 1, 2017French automaker PSA Group is in talks to acquire the European operations of General Motors' (GM) business, including the Vauxhall and Opel brands. PSA and GM have earlier had a close alliance, working together on three projects since ...
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UK New Car Market Achieves 12-Year High in January
Feb 13, 2017The UK new car market achieved a 12-year high in January, according to figures published by SMMT. 174,564 vehicles left showrooms last month – a 2.9% year-on-year uplift and the highest level since 2005. Significantly, however, the ...
Tags: Car Market
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Future Mobility to Build Smart Electric Car Plant
Jan 25, 2017Future Mobility, a joint venture set up by Foxconn Electronics, Tencent Holdings and China Harmony Auto Holding to develop smart electric vehicles in China, will invest CNY11.6 billion (US$1.69 billion) to build a smart vehicle ...
Tags: Electronics, electric vehicles
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Tesla Rival Faraday Future Admits Cash Is Tight
Jan 17, 2017Faraday Future, a company that's looking to take on Tesla at the luxury end of the smart car market, has admitted that it had to put building its ambitious $1 billion factory on hold to finance its presence at CES this year. When Faraday ...
Tags: Tesla, Faraday Future
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Hyundai Motor Accelerates Development of Advanced Connected Car Operating System
Dec 16, 2016Hyundai Motor is accelerating development of its advanced ccOS (connected car Operating System), the core platform technology for its future connected cars. The highly sophisticated software will optimize the high-speed transmission and ...
Tags: Hyundai Motor, Connected Car
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European Car Market Resumed Growth Trend in November: ACEA
Dec 16, 2016The European Union passenger car market rebounded last month following the slowdown observed in October, with new registrations in November totaling 1,148,618 units, up 5.8% year on year, data from the European Automobile Manufacturers' ...
Tags: passenger car, car market
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Electric Car Market Yet to Mature
Dec 14, 2016Govt incentives remain the primary driver of the industry, rather than organic demand or products' competitiveness Electric cars are widely believed to be the future of the automotive industry, but experts say even in the world's largest ...
Tags: Electric Car, SAIC Motor
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