Author: Central Desk

DMP, a company in automotive high-definition mapping and software worldwide, has announced its foray into South Korean markets as part of its strategic international expansion. Shuichi Yoshimura, the CEO and President of Dynamic Map Platform, shed light on the company’s ambitious mission. “We aim to fuel innovation across diverse sectors by offering an accurate, high-definition data platform that mirrors the real world in the digital sphere,” he shared. “Our plans revolve around enlarging the coverage of HD maps globally and shaping the digitalization infrastructure.” Chris Thibodeau, CEO of DMP NA, expressed the company’s anticipation in initiating operations in South Korea.…

Launched in 1988, the Kawasaki ZX-10 was more than just a motorcycle; it was a symbol of redemption for the company, following the highly publicized failure of the GPZ1000RX. Billed as the fastest and most powerful superbike ever built by Kawasaki, the ZX-10 expertly blended the sporty performance of a superbike with the comfort of a tourer. Two years earlier, Kawasaki’s launch of the heavier and less maneuverable GPZ1000RX at Austria’s Salzburgring had turned out to be a spectacular misstep. This time around, they were careful not to repeat the same mistake with the ZX-10 launch, shying away from making…

According to a fresh report by QMI (Quince Market Insights), the Global Automotive Engineering Services Market predicts an impressive uptick from 2023 to 2032. Dominant forces such as Capgemini (France), IAV Automotive Engineering (Germany), Tech Mahindra (India), AKKA Technologies (Belgium), and Bertrandt AG (Germany) are set to power this upward trajectory. This report, drawn from robust primary and secondary research, delivers comprehensive insight into market dynamics, driving factors, restraining elements, prospective growth opportunities, and prevalent market trends. It presents an insightful exploration of financial specifics, cutting-edge technologies, industry innovations, leading competitors, and regional market analysis. The worldwide market anticipates steady…

Thailand’s EV Sector is set to receive a significant investment boost as firms from France and Germany express a keen interest in the burgeoning sector. The Thailand Board of Investment (BoI) disclosed the European interest following an investment promotion roadshow held in France and Germany. Deputy Secretary-General of the BoI, Wirat Tatsaringkansakul, highlighted the pronounced interest from French and German investors who are eyeing to broaden their production bases and outsourcing firms to meet the soaring Asian market demand. It’s not solely the pure EV sector that has captivated investors. The components of EVs, electronics, as well as the medical…

The UK automotive industry is calling on all political parties to support its new roadmap towards sustainability and international competitiveness. The sector has issued a manifesto detailing its ambition for a 10-fold increase in annual battery electric vehicle (BEV) production, aiming to reach over 750,000 units per year by 2030. This transformative production scale-up would equate to a cumulative £106 billion worth of products at the factory gate. Society of Motor Manufacturers and Traders (SMMT), at its International Summit in London on June 27, 2023, launched the “Manifesto 2030: Automotive growth for a zero emission future.” The body urged all…

As the global trucking industry accelerates into an era of environmental consciousness, Volvo Trucks is at the forefront of the evolving haulage landscape. With the progressive investment in electric trucks by haulers, Volvo’s Electric Trucks (Heavy-duty electric FH trucks) are playing a crucial role in this transformation. The latest endorsement of sustainable transport solutions comes from Gothenburg-based Swedish transport firm, Mattson Åkeri, which recently acquired three of Volvo’s heavy-duty electric trucks. Presently, one of these trucks is under rigorous testing within the Arendal port area of Gothenburg as part of a High-Capacity Transport (HCT) project. This project aims to demonstrate…

TI Fluid Systems (TIFS), a UK-based automotive fluid systems technology firm, is set to enhance its presence in the Asian market with the launch of e-Mobility Innovation Centres (eMICs) in Nagoya, Japan, and Incheon, South Korea later this year. This development comes in the wake of the successful inauguration of TI Fluid Systems’ first eMIC in Rastatt, Germany last year. The company has unveiled plans to construct a global network of eMICs, with additional centres in the Asia Pacific and North America regions slated for announcement later this year. The eMICs aim to foster innovation in thermal management solutions for…

Epsilon Advanced Materials, an Indian based battery materials manufacturer, announced on Monday its decision to inject a $650 million investment into an electric vehicle (EV) battery components facility in the United States. This significant move was part of the joint statement issued by US President Joe Biden and Indian Prime Minister Narendra Modi during Modi’s recent U.S. visit, signifying growing international cooperation in the EV sector.  Epsilon’s proposed investment marks a significant milestone in the ongoing global shift towards electric mobility. The company’s planned U.S. facility aims to manufacture 50,000 tonnes per annum (TPA) of synthetic graphite anodes, a key…

An extraordinary shift in the global automobile industry is on the horizon, spurred by a burgeoning oversupply of vehicles that could incite a fierce price war. This scenario starkly contrasts the record-high car prices observed in the U.S. market just last summer. This year, a UBS report forecasts an alarming oversupply in the global car market – car production is slated to exceed sales by 6%, translating to an excess of approximately 5 million vehicles. In order to sell off this stockpile, manufacturers might have to resort to aggressive price reductions. While these cuts are not expected to take effect…

The government of China has unveiled an aggressive plan, termed ‘China’s Tax Incentives’, to bolster the nation’s green car technologies sector. This includes complete tax exemptions for electric vehicle (EV) purchases for the next two years and plans to lift regulations prohibiting the large-scale operation of semi-autonomous and fully autonomous vehicles. This landmark initiative has been welcomed by key players in the industry, who view Beijing’s strategies as crucial to stabilizing the highly competitive EV market. Automakers, in particular, are enthusiastic about the prospect of planning for new model introductions and improved cost management in the wake of Beijing’s early…