Author: Central Desk

Blink Charging, a leading global provider of electric vehicle (EV) charging equipment and services, has announced the acquisition of Zemetric, a Silicon Valley-based EV charging infrastructure company known for its advanced, high-reliability solutions tailored for fleets and high-usage locations. The deal, which involves the purchase of 100% equity in Zemetric, is expected to close on or before July 11, 2025, pending customary closing conditions. Founded in 2022 by a team of transport electrification experts, Zemetric has rapidly made a mark in the EV sector by offering hardware, software, and services engineered for scalability and interoperability. The company exceeded its baseline…

The UK auto industry is set to utilize a new £2.5 billion ($3.2 billion) government-backed initiative aimed at building a world-leading zero-emission vehicle sector while creating thousands of new jobs. Unveiled under Labour’s DRIVE35 program, the funding package includes £2 billion available through 2030 to support large-scale manufacturing, including gigafactories, and an additional £500 million allocated for research and development through 2035. The initiative aligns with the UK’s upcoming ban on new petrol and diesel car sales, scheduled to take effect by the end of the decade, with only zero-emission vehicles permitted from 2035. Business and Trade Secretary Jonathan Reynolds…

The Indonesian government has received firm assurances from leading Japanese carmakers, Toyota, Suzuki, and Daihatsu, to keep vehicle prices stable and avoid layoffs within their operations in Indonesia. Industry Minister Agus Gumiwang Kartasasmita shared the update in a written statement on Saturday, emphasizing that he had raised concerns over potential disruptions in the domestic automotive sector caused by sudden price hikes or job cuts. “I specifically requested them not to raise car prices and not to carry out layoffs in Indonesia. This is crucial for maintaining the purchasing power and protecting jobs in the automotive industry, which serves as one…

Tesla is set to officially enter the Indian market with the opening of its first showroom in Mumbai on July 15. The company will launch its Model Y SUV as the first vehicle offering in India, with customer deliveries expected to begin by late August. This long-anticipated move follows years of strategic planning by Tesla, as it seeks growth opportunities beyond its mature markets. India, with its growing interest in electric vehicles, presents both potential and challenges for the EV giant. One of the major hurdles Tesla faces is the country’s steep import duty of 70%, which will significantly affect…

German auto parts giant ZF expects to capture 33% of the global passenger vehicle chassis market by 2030, with projected sales of €4.8 billion ($5.6 billion), a senior company executive revealed during the firm’s recent Chassis Tech Day event. As the world’s leading supplier of passenger vehicle chassis systems, ZF is accelerating growth through its Chassis 2.0 strategy, an advanced platform integrating E-mobility, software-defined vehicle architecture, and automated driving technologies. The company aims to reshape traditional mechanical systems by deploying software-connected actuators powered by artificial intelligence. Peter Holdmann, member of ZF Group’s Board of Management and head of its Chassis…

Nissan has temporarily suspended the production of three vehicle models in the United States for the Canadian market due to rising trade tensions and auto tariffs between the two countries. The company confirmed to CTVNews that it halted Canadian-bound production of the Pathfinder, Murano, and Frontier models in May, describing the move as a ‘short-term and temporary measure.’ The decision follows Canada’s retaliatory tariffs on imported vehicles after the United States implemented a 25% tariff in March. Nissan clarified that shipments of the affected models ceased before the U.S. tariffs came into effect. “Pricing for its U.S.-built inventory in Canada…

Xiaomi’s entry into the electric vehicle (EV) sector is proving to be more than just a debut; it’s a standout success. According to the ‘2025 H1 China Automobile Resale Value Research Report’ released by the China Automobile Dealers Association (CADA), Xiaomi’s SU7 leads China’s pure electric vehicle segment in resale performance, retaining an impressive 88.91% of its value one year after purchase. The report, which analyses resale trends in both plug-in hybrid and pure electric vehicles, highlights the Xiaomi SU7 as the top performer in its class. Closely following in second place is the Aito M9, another strong contender in…

VinFast, Vietnam’s electric vehicle (EV) manufacturer, is reshaping the Canadian auto landscape by shifting from a traditional product-focused strategy to a customer-led approach. As global industries switch toward customer-centric models, VinFast’s growing success in Canada underscores how trust, long-term support, and seamless service experiences are becoming crucial in how consumers choose and buy cars. Rather than relying on flashy promotions, VinFast has focused on building lasting relationships with its customers. The company’s debut model in Canada, the all-wheel-drive VF 8, is competitively priced to make EVs accessible to a broader audience. But it is VinFast’s commitment to post-sale care that…

Hyundai Mobis, the auto parts arm of Hyundai Motor Group, has secured sixth place in the ‘2025 Top Suppliers’ ranking by Automotive News, maintaining its position among the world’s top 10 for the fourth year in a row. This recognition comes amid persistent uncertainty in the global automotive sector, driven by economic instability and evolving trends in vehicle electrification. Published annually by the U.S.-based automotive publication, the ranking evaluates the top 100 auto parts suppliers worldwide based on their sales to automakers, excluding aftermarket revenue. In 2024, Hyundai Mobis posted sales of approximately 45 trillion won ($32.8 billion), placing it…

China is reshaping the global automotive landscape with a groundbreaking operating model that prioritizes speed, cost-efficiency, and innovation, according to the 2025 AlixPartners Global Automotive Outlook. The report highlights China’s ascent as a global innovation hub amid hastening industry disruptions, particularly in the new energy vehicle (NEV) sector. Chinese NEV manufacturers are now capable of bringing vehicles to market in half the time and at 40–50% lower investment compared to international peers. This efficiency delivers a 30% cost advantage, enabling Chinese brands to strengthen their domestic and international market positions. By the end of 2025, Chinese brands are projected to…