Author: Central Desk

Cytora, a leader in digital risk processing, has forged a strategic partnership with SambaSafety, the foremost authority in driver risk management. This collaboration marks a pivotal advancement for commercial insurers in assessing risks linked with driving safety records. This partnership integrates SambaSafety’s extensive driving intelligence data into Cytora’s sophisticated risk processing platform. This integration facilitates the expansive application of data across various business functions such as risk clearance, onboarding, and triage. The enriched data flow streamlines multi-step workflows from initial submission to final quoting processes, enabling insurers to consolidate risk data, transform core workflows into digital formats, and enhance decision-making…

The Beijing Auto Expo has emerged as a pivotal arena for automotive innovation, attracting participation from 1,500 entities worldwide. Organizers report that the event features 278 models of new energy vehicles (NEVs) and hosts 117 world premieres, with multinational corporations leading 30 of these debuts. This year, German automotive leaders Volkswagen and BMW announced substantial investment expansions within China, each committing an additional five billion euros. These investments are earmarked for enhancing the production of electric and intelligent vehicles, underscoring a robust commitment to China’s burgeoning NEV market. Premier Li Qiang, attending the expo, observed the consistent expansion of NEV…

BMW’s strategic footprint in China’s automotive landscape broadens significantly with a new investment of 20 billion yuan ($2.8 billion) into its Shenyang production facility. Announced at the 2024 Beijing Motor Show, this commitment represents a profound escalation in BMW’s ambitions within the region, bringing its total investment in the site to approximately 105 billion yuan. This substantial capital infusion targets the initiation of BMW’s Neue Klasse, an exclusively electric vehicle lineup scheduled to begin production in 2026. BMW CEO Oliver Zipse highlighted the company’s three-decade triumph in China and expressed optimism about its continued prospects in this vibrant market. The…

At a sophisticated gathering within the Lamborghini Lounge NYC, located in Manhattan’s Chelsea Arts District, Lamborghini revealed the Urus SE, marking the brand’s initial venture into plug-in hybrid technology. Esteemed clientele, select VIPs, and media figures attended the exclusive premiere. Stephan Winkelmann, Lamborghini’s Chairman and CEO, spearheaded the event with Rouven Mohr, Chief Technical Officer, and Federico Foschini, Chief Marketing and Sales Officer. Winkelmann expressed pride in the launch, particularly in the American market where SUV demand remains robust. “The Urus SE epitomizes our brand’s DNA and philosophy, excelling in both driving enjoyment and dynamic performance. SUVs are in high…

The latest Electric Vehicle Outlook 2024 report identifies Kenya as a forefront adopter of electric vehicles (EVs), reflecting a significant global shift toward reducing greenhouse gas emissions and combating urban air pollution for Sustainable Mobility. This report underscores substantial progress within public transport electrification, with cities like Bogota and Santiago also advancing. Africa’s largest electric bus company, BasiGo, confirms orders for 350 buses, nearly 2% of last year’s global electric bus sales outside China. Plans are underway to increase this fleet with 1,000 additional electric buses in Kenya and 200 in Rwanda. The Kenyan government has integrated EV adoption into…

Audi has broadened its global charging infrastructure with the unveiling of its first EV hub outside Europe on April 26, 2024, situated at the heart of Tokyo’s vibrant Kioichō business district. This facility provides electric vehicle (EV) drivers across all brands with access to four fast-charging stations, each capable of delivering up to 150 kilowatts (kW). This deployment marks a significant advancement in charging technology, given Japan’s electrical system’s standard 100-volt output. Strategically located next to Audi City Kioichō, Audi’s showroom dedicated to electric vehicles, the hub caters to urban dwellers lacking private charging solutions. The site’s proximity to shopping…

ACCIONA has forged a partnership with automotive leader Nissan to distribute its latest innovation—the Silence S04 NanoCar. Tailored for urban environments, this all-electric, compact vehicle will enter the distribution channels managed by Nissan beginning June 2024 throughout France and Italy, with expansion to additional European markets slated for September. Aligning with Nissan’s strategic shift encapsulated by ‘The Arc’ initiative, which emphasizes growth through strategic alliances, this partnership leverages Nissan’s robust network of dealerships across Europe. This allows ACCIONA’s electric vehicle division, Silence, to significantly expand its market footprint. The Silence S04 melds car-like safety and comfort with the agility of…

Tesla CEO Elon Musk, concurrently leading aerospace innovator SpaceX, announced a pivotal $10 billion investment in artificial intelligence (AI) for the current fiscal year. This strategic commitment targets both training and inference AI, with a particular focus on refining Tesla’s automotive AI functionalities. Through a post on the social media platform ‘X’, Musk articulated the scale and intent of this investment: “Tesla will spend around USD10 billion this year in combined training and inference AI, the latter being primarily in cars. Any company not spending at this level, and doing so efficiently, cannot compete”. This declaration underscores the indispensable role…

MG Motor, under the umbrella of China’s SAIC Motor, showcased the revolutionary EXE181 electric hypercar concept at the 2024 Beijing Auto Show. This vehicle, setting a new benchmark with a drag coefficient (Cd) of 0.181, accelerates from 0 to 62 mph in a mere 1.91 seconds, establishing it as one of the fastest electric vehicles designed to date. The design of the EXE181, inspired by fighter jets and equipped with a safety drag parachute, demonstrates a top speed potential of 257 mph. This hypercar represents MG’s commitment to redefine the parameters of speed in the era of electric vehicles. With…

At Beijing’s latest international auto exhibition, China unveiled a series of groundbreaking technologies that reassert its growing influence over the global automotive sector. Visitors witnessed auto innovation like batteries with an unprecedented 1000km range, the first-ever hydrogen-fueled vehicles with extended range, and pioneering neural network-based large models for planning and control. These developments captivated attendees and highlighted China’s accelerating ascendancy in automotive technology. A Global Product Manager from Germany’s Casco Automotive Group, speaking with China Economic Net (CEN), emphasized the critical role of Chinese advancements in fostering international collaborations and propelling the auto industry forward. The event, themed ‘Driving to…