Author: Central Desk

Chery Automobile has unveiled an ambitious global expansion blueprint at the Global Innovation Conference 2025 in Wuhu, China, outlining a comprehensive plan to transform itself from a regional automaker into a high-tech ecosystem group competing among the world’s top automotive players. Executive Vice President Gao Xinhua presented the company’s vision, highlighting major investments in research, advanced powertrains, proactive safety systems, and artificial intelligence that can anticipate user demands. The announcement marks a significant step in Chery’s evolution from internationalization to true globalization, focusing on creating vehicles tailored for diverse global markets. Chery’s 28 years of experience in technology and manufacturing…

India’s top luxury carmakers are bringing festive excitement to the premium auto market with a range of price reductions, flexible finance schemes, and limited-time offers during the Dhanteras and Diwali season. The positive consumer sentiment this year has been further boosted by favorable GST reforms, allowing brands to extend significant price benefits to customers. Industry experts say the combination of GST 2.0 benefits and festive discounts has created an ideal environment for buyers. “In the luxury segment, discounts are often packaged with added value such as service, extended warranty, and interest subvention. This is a good window for buyers, though…

German automakers are monitoring potential supply chain disruptions following a trade and intellectual property dispute involving chipmaker Nexperia, which faces export restrictions in both the United States and China. Nexperia, a Netherlands-based company and a leading producer of core chips used in cars and consumer electronics, has become a focal point in the ongoing trade tensions between the world’s two largest economies. While the U.S. is increasing pressure on the tech sector, China has imposed restrictions on the export of rare earth metals, creating a complex environment for global chip supply. BMW confirmed that parts of its supplier network have…

Chinese electric vehicle (EV) manufacturer Li Auto has established its international headquarters in Hong Kong, marking a key step in its global expansion strategy as competition intensifies in the domestic market. According to InvestHK, the Hong Kong government’s investment promotion agency, the new base will oversee the Beijing-based company’s research and development (R&D), intellectual property management, and international supply chain operations. The move positions Hong Kong as a pivotal hub for Li Auto’s next phase of international growth. Li Auto, one of the few profitable EV makers in mainland China, joins several Chinese carmakers leveraging Hong Kong’s strategic and financial…

Valvoline Global Operations has launched its next-generation Aspiring Mechanics Program, a global initiative designed to remove entry barriers and create opportunities for the next generation of automotive technicians. The program arrives at a crucial time, with the global automotive industry projected to face a shortage of 4.3 million skilled workers by 2030. As part of the initiative, Valvoline Global has committed $1 million over five years to support around 10,000 aspiring technicians worldwide through training, scholarships, and local engagement programs. Since the introduction of its Mechanics Month program in 2020, now celebrated annually in over 60 countries, Valvoline Global has…

SK Enmove today signed a joint venture agreement with Gabriel India, a subsidiary of Anand Group, to establish ‘SK Enmove Gabriel India.’ The agreement was signed on October 15 at SK Seorin Building in Seoul, with SK Enmove holding a 51% stake and Gabriel India 49%. The new venture marks SK Enmove’s strategic entry into India, the world’s third-largest automobile market, as part of its efforts to expand its lubricant business globally. Scheduled for establishment by December, the company will offer a comprehensive range of products, including engine oils, gear oils, industrial lubricants, and specialized lubricants for electric vehicles. According…

South Korea’s auto industry, a cornerstone of its economy, faces a severe threat from the current 25% U.S. tariff on Korean vehicles and parts, significantly higher than the 15% rate applied to Japan and the European Union. Analysts warn that the tariff could trigger a near-collapse of exports, endangering domestic production and employment. Although South Korea and the U.S. agreed in principle to a 15% tariff in July, the deal has not been formalized, leaving the higher rate in place amid complex U.S. domestic politics and broader geopolitical negotiations. The Trump administration appears to be leveraging the pending agreement to…

Global EV sales surged to an all-time high in September, driven by strong demand in China and rising popularity in Europe. Worldwide deliveries of pure-electric cars and plug-in hybrids reached 2.1 million units, a 24% increase from the previous year and the first time monthly sales exceeded two million, according to London-based consultancy Rho Motion. The figure also marked a 20% growth from August and surpassed the previous record of 1.9 million set in December 2024. China, the world’s largest EV market, accounted for 62% of global deliveries. Data from the China Passenger Car Association (CPCA) showed that mainland EV…

Greenhous Group has added Chinese automaker Geely to its expanding UK portfolio, further strengthening its position as a key partner for new Chinese brands. The first Geely dealership will open at Greenhous’s Featherbed Lane location in Shrewsbury, Shropshire. Founded in 1986 and headquartered in Hangzhou, Geely is one of China’s largest privately owned automotive groups and a major global player, with ownership of Volvo Cars, Polestar, Lotus, and the London Electric Vehicle Company (LEVC). Greenhous already represents several Chinese brands in the UK, including BYD, Chery, Leapmotor, Omoda, and Jaecoo. Adding Geely allows the group to offer a wide range…

Hyundai Motor Company’s Global President and CEO José Muñoz has said that India is on course to become one of the world’s most competitive electric vehicle (EV) hubs, supported by its expanding technological capabilities, localization efforts, and favorable government policies. Speaking at Hyundai Motor India’s first-ever CEO Investment Day in Mumbai, Muñoz stated, “Without a doubt, India not only could be, but is going to be definitely one of the most, if not the most, competitive EV hub in the world.” He emphasized that the shift to electric vehicles is being driven primarily by technological advancements rather than regulatory pressure.…