Author: AWJ Research Desk

Brand-new cars are lining up for shipment at the bustling export terminal of Dalian Port in northeast China, providing a firsthand look at China’s accelerating automobile exports. This flurry of activity underscores China’s swift ascent towards becoming the World’s Top Auto Exporter. China’s General Administration of Customs (GAC) reports that the nation shipped 1.93 million vehicles overseas from January to May, an 80 percent increase year on year. Among these, exports of new energy vehicles (NEVs) grew to 457,000 units, a staggering 160% increase compared to the same period last year. “If this trend continues, it is very likely that…

Renowned British automaker Rolls Royce Motor Cars has made a monumental leap into the future with the introduction of its first-ever all-electric model, the Spectre. In a move that emphasizes South Korea’s significance in the Asia-Pacific automotive market, Rolls Royce has chosen this nation as the first in the region to welcome the battery-powered Spectre. Introduced last Friday, the electric Spectre signals a bright prospect for growth in Asia’s fourth-largest economy. The vehicle is presently priced at an initial cost of 620 million won ($486,000) in Korea. The final cost could increase based on the selection of additional features or…

The United States has witnessed a surge in its electric vehicle (EV) market, surpassing Germany to become the second-largest EV market worldwide, trailing only China, as revealed in a recent report. With an annual spike of over 79% in EV sales during the first quarter, the US has proven its growing commitment towards environmentally friendly transportation. The report, released by Hong Kong-based research firm Counterpoint Research, credits this robust growth in the Q1 period to an increasing consumer preference for eco-friendly driving options and the introduction of the government’s tax credit subsidy. Battery EVs took the lion’s share, constituting nearly…

The dynamics of the global automotive industry are rapidly evolving, with China playing a pivotal role in this transformation. European automakers are striving to augment their presence in the Chinese market, concurrently Chinese manufacturers are boldly venturing into Europe. This bidirectional flux presents opportunities yet also foreshadows several challenges for the European auto industry. According to a study by Allianz Trade, European auto manufacturers could potentially lose over €7 billion in yearly net profits by 2030. This significant financial impact stems from Chinese manufacturers incrementally capturing their domestic market shares, which could severely deplete the sales of European car brands…

The automotive industry is undergoing an unprecedented transformation, with vehicles evolving from simple modes of transport to sophisticated technological wonders. Among the key drivers of this change is blockchain technology, a decentralized, transparent, and secure digital ledger system, which experts believe can propel the industry to new heights. Blockchain technology has drawn significant attention from many automotive executives, who see its potential to make supply chains more secure while fostering transparency and efficiency. Let’s examine the significant benefits and practical applications of blockchain technology in the automotive industry. Benefits of Blockchain in Automotive Transparency in Supply Chain Blockchain technology’s transparent…

The Volkswagen ID. Buzz LWB is not just another electric vehicle (EV); it’s a revitalized symbol for the Volkswagen Group of America, resuscitating the beloved Bus for the 21st century. The vehicle, which succeeds the T4 generation EuroVan retired from North America two decades ago, aims to be the face of the brand’s all-electric ID. family, setting an example for future electric models. The American version of the Volkswagen ID. Buzz LWB is characterized by several impressive modifications over the standard European version that hit the market in 2022. Out of Spec Reviews and State of Charge, two renowned YouTube…

The global landscape of the automotive industry experiences a compelling shift, driven by electric vehicles (EVs). This shift surges forward due to an intriguing mix of rising environmental concerns, cutting-edge technological advancements, and far-reaching government incentives. Grasping the economic intricacies of EVs reveals a fascinating cost-benefit analysis. Highlighting the urgent need to reduce greenhouse gas emissions brings sustainable transportation to the forefront. Electric vehicles stand out in this context, emitting zero tailpipe emissions. Their unique ability to harness renewable energy sources, such as solar and wind power, positions EVs as champions of both environmental responsibility and energy security. The economic…

Mercedes-Benz, the storied German automaker, has made a bold announcement amidst a shifting tide in the U.S. luxury vehicle market. The company has declared its ambition to become the “most desirable electric vehicle luxury brand”, as it pivots to a full electric fleet by 2030, according to Dimitris Psillakis, president and CEO of Mercedes-Benz North America. Mercedes has witnessed a slump in its U.S. luxury market share, as consumers increasingly opt for electric vehicles (EVs) from Tesla. To reclaim its leadership position, Mercedes is building its own charging network and introducing Level 3 autonomous driving technology in its vehicles, following…

In an era marked by formidable challenges, the automotive industry is witnessing a remarkable resilience among tier one suppliers who have managed to meet customer demands efficiently, thereby ensuring sustained growth in the sector. Despite encountering issues like supply chain disruptions, semiconductor crises, and volatile raw material prices, these suppliers are leveraging innovation and risk management to not only survive but also thrive in this dynamic environment. A critical factor for success in the current market scenario is the empowering of lower-tier suppliers who form the backbone of the supply chain ecosystem. Recognizing the inherent risks and the necessity for…

China has claimed the title as the world’s largest exporter of cars, surpassing Japan in the first quarter of this year, an unprecedented achievement that marks a new chapter in the global automobile industry. According to the latest official statistics, China exported 1.07 million vehicles within the first three months of 2023, a robust increase of 58% from the corresponding period in 2022. In comparison, Japan’s vehicle exports clocked in at 954,185, up a modest 6% from a year earlier. This surge in Chinese auto exports can be attributed to a rising global demand for electric vehicles and a marked…