Author: Central Desk

The global car modification market, valued in the billions in 2023, is expected to see robust growth, driven by technological advancements, evolving industry trends, and increasing demand across diverse applications. This growth represents a strong compound annual growth rate (CAGR) from 2024 to 2030. Key Drivers of Growth The car modification industry is set for major expansion due to rising demand for innovative and efficient solutions tailored to the needs of several industries. These products aim to enhance productivity, reduce operational costs, and improve performance. Rapid technological advancements are pushing the development of cutting-edge products that serve to both consumer…

Volkswagen’s Scout brand is set to make waves with the unveiling of two concept vehicles next month, an all-electric SUV and a rugged pickup truck. These new models represent a strategic push by Volkswagen to bolster its footprint in the highly competitive US market, where demand for tough, versatile vehicles is soaring. Production is scheduled to commence in 2026. With the SUV designed to rival the likes of the Land Rover Defender, Ford Bronco, and Jeep Wrangler, and the pickup truck aiming to challenge the Rivian R1T and Ford F-150 Lightning, Scout’s ambition is clear. These vehicles tap into the…

Toyota has slashed its global EV production forecast for 2026 by 30%, reflecting a broader recalibration among major players. Yet, despite scaling back, Toyota continues to benefit from Japan’s investment in the EV sector, receiving billions in government subsidies aimed at bolstering battery production. Toyota’s recalibrated approach highlights the complexity of the global EV market. While hybrid vehicle sales have surged, all-electric adoption remains uneven across regions. The company’s new plan focuses on gradual electrification, with plans to produce over 400,000 EVs by 2025 and doubling that number in 2026, pushing for a more measured transition as global EV demand…

Saudi Arabia is gearing up to host its most influential electric vehicle (EV) event, the EV Auto Show 2024. Scheduled for September 17-19 at the Riyadh International Convention and Exhibition Centre, this high-profile gathering will be a significant step toward advancing the Kingdom’s sustainable transportation goals. As Saudi Arabia aligns with Vision 2030, the electric vehicle (EV) industry is set to play a major role. Aiming to manufacture and export over 150,000 electric cars by 2026, the Kingdom highlights the importance of events like the EV Auto Show 2024. The EV Auto Show 2024 is Saudi Arabia’s premier platform for…

Subaru Corporation and Panasonic Energy, collaborate on the supply of automotive lithium-ion batteries, alongside the construction of a new battery factory in Oizumi, Gunma Prefecture, Japan. Panasonic Energy will deliver next-generation cylindrical lithium-ion batteries for Subaru’s future battery electric vehicles (BEVs. This agreement marks a significant step toward a durable partnership focused on addressing the rising demand for EVs and advanced battery technology. Subaru has set its sights on having BEVs account for 50% of its anticipated 1.2 million global sales by 2030. The cooperation with Panasonic Energy is a cornerstone of this strategy. Panasonic will commence battery production at…

Horse Powertrain, renowned for its cutting-edge low-emission powertrain systems, has joined forces with Marcopolo, South America’s largest bus manufacturer, and Brazilian electronics giant WEG to introduce the Volare Attack 9 hybrid microbus. Revealed at Lat.Bus 2024 Expo, this pioneering vehicle marks a significant milestone as the first hybrid ethanol microbus utilizing a Range Extender solution. Slated for release in 2026, the Volare Attack 9 boasts an impressive 450 km range, setting new standards for eco-friendly transport. Fueled by domestically produced bioethanol, the microbus offers carbon-neutral mobility. Marcopolo’s leadership in adopting this technology highlights the company’s commitment to greener transportation solutions.…

Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, recently held talks with Nissan Motor Corporation’s President and CEO, Makoto Uchida, where they explored the potential for growth in the automotive sector within the UAE. The conversation underscored Dubai’s ambition to become a dominant force in the global automotive landscape through forward-looking strategies and strategic partnerships. During the meeting at the Union House, Sheikh Mohammed reiterated the UAE’s desire to collaborate with top-tier automotive manufacturers. This aligns with the nation’s vision to strengthen its global position as a major hub for…

Volvo Cars renew its partnership with NVIDIA to reshape the landscape of automotive technology. Far from a mere technological pursuit, Volvo’s innovations revolve around creating real-world value—ensuring cars are safer, smarter, and more connected. The Volvo EX90 stands as a testament to this vision, emerging as the first fully software-defined model from the brand. Powered by the NVIDIA DRIVE Orin system-on-a-chip (SoC), capable of processing 250 trillion operations per second, the EX90 orchestrates everything from safety systems to the sophisticated driving assistance that will pave the way for autonomous driving. As Volvo continues on its technological roadmap, its collaboration with…

Bangladesh Honda (BHL), a joint venture of Japan’s Honda Motor Company and Bangladesh Steel and Engineering Corporation, has initiated the export of motorcycles made locally, with the first shipment of 14 Honda X Blade models dispatched to Guatemala. This bold move establishes BHL as the second Bangladeshi company, after Runner Automobiles, to enter the international motorcycle market with homegrown products. Hiroyuki Yasunaga, Chief Production Officer at BHL, highlighted this milestone as a testament to Bangladesh’s evolving manufacturing excellence. “We are proud to showcase Bangladesh’s manufacturing excellence on a global scale and remain committed to producing world-class motorcycles that meet the…

Lithium Australia (LIT) has entered a three-year agreement with BYD Auto to provide battery recycling services for its new energy vehicles in Australia. Under the deal, Lithium Australia will collect and recycle BYD’s end-of-life lithium iron phosphate (LFP) batteries, in exchange for a service fee. This partnership aligns with Lithium Australia’s strategy to increase its recycling capacity for large-format lithium-ion batteries. Volume Growth and Strategic Focus Lithium Australia’s CEO, Simon Linge, highlighted that BYD’s market size would significantly boost the company’s battery collection volumes. “This agreement further accelerates our shift in the collections mix to be primarily focused on the…