Author: Central Desk

Celebrating a significant milestone, Chery Automobile recently announced the production of the one millionth Tiggo 2 crossover since its initial launch in 2016. This achievement underscores the Tiggo 2’s widespread acceptance and trust on a global scale, marking a triumphant chapter in Chery’s ambitious international strategy. Spanning continents, the Tiggo 2 has carved a niche across varied markets, from South America to North America, Asia, and Africa, with notable presence in countries such as Chile, Peru, Mexico, Saudi Arabia, and Kazakhstan. Its success attributes to exceptional product prowess and strategic market positioning, reflecting Chery’s adeptness at navigating diverse consumer landscapes.…

Donald Trump, the former U.S. President impeached following the Capitol riot incitement, articulated a grim outlook for the auto industry absent his victory in the forthcoming election. At a campaign rally, his initial appearance since securing the Republican nomination, Trump prognosticated dire consequences for the automotive sector should his comeback bid falter this November. The event, primarily to bolster GOP Senate primary contender Bernie Moreno, quickly shifted focus towards Trump’s litany of personal and political grievances, alongside legal entanglements. Significantly, Trump expounded on the disastrous repercussions for the auto industry, should he not assume the presidency again. Criticizing the shift…

Xpeng, the esteemed Chinese electric vehicle (EV) manufacturer, announced a strategic move to democratize intelligent driving capabilities globally, targeting a price segment ranging from (RMB 100,000) ($13,900) to RMB 150,000. This revelation came from He Xiaopeng, Chairman and CEO, during his presentation at the China EV100 Forum in Beijing. This impending brand aims to make a significant impact on the international stage, promising to deliver Xpeng’s celebrated advanced driving technologies at reduced costs. This initiative positions Xpeng as the pioneering Chinese automaker to introduce such innovations to the A-class car market within this economical price bracket, potentially reshaping the automotive…

Japanese auto giants Honda and Nissan have unveiled a collaborative thrust into electric vehicle (EV) technology. This alliance, formalized through a memorandum of understanding, transcends decades of rivalry, uniting these behemoths against the tidal wave of competition from Chinese EV firms. Positioned as Japan’s automotive vanguards, Honda and Nissan are amalgamating resources to refine costs and spearhead innovation. Their joint venture encompasses an extensive array of EV advancements, spanning hardware components to software ecosystems, with ambitions to lead the electric transition. The impetus for this coalition is the fiercely competitive and rapidly expanding EV sector, where established manufacturers confront steep…

India’s recent announcement to slash import taxes for electric vehicles heralds a transformative shift in its automotive sector, positioning the country as a magnet for Tesla and other global car giants. This strategic move intricately links EV tax reductions with substantial investments. Investment-Linked Tax Incentives Set the Stage Central to this groundbreaking policy is a compelling directive: entities poised to channel at least $500 million into India’s market and erect manufacturing facilities within a three-year horizon will reap the rewards of reduced taxation. This policy blueprint carves a path for Tesla, among others, to forge deep inroads into the Indian…

APAM Esercizio, the main transport operator in Mantua, Lombardy, has embarked on an innovative journey by placing an order for five Solaris Urbino 12 hydrogen-powered buses, slated for delivery by late 2025. This action resonates with Mantua’s broader ambition for decarbonization within Lombardy, showcasing an acute commitment to sustainable development. By integrating hydrogen-powered vehicles, Mantua not only advances its environmental goals but also solidifies its position as a pioneer in adopting clean energy technologies across Italy. The region’s involvement in creating a Hydrogen Valley, aiming to generate over 1,500 tons of hydrogen from renewable resources annually, underscores a strategic move…

The automotive sector’s landscape, characterized by swiftly shifting consumer demands and intense rivalry, witnesses Honda’s ascendancy through innovation and strategic acumen with its Honda Elevate SUV. Launched in September 2023, the Elevate not only rejuvenated Honda Car India’s product lineup but also symbolized a significant stride in Honda’s international expansion, especially through its notable export achievements to Japan. Triumph Within the Indian Market The Elevate’s journey commenced with remarkable success within India, rapidly ascending to become Honda Car India’s second top-selling model with 30,365 units dispatched to dealers from August 2023 through February 2024. This surge in popularity underscores the…

Italy’s endeavor to recalibrate its economic ties with China encapsulates the intricate balance of global geopolitics and economic strategies. Exiting the Belt and Road Initiative (BRI) marked Italy’s intent to mitigate dependence on China. Yet, the nation’s automotive sector reveals the arduousness of severing economic interactions with the world’s second-largest economy. This juxtaposition underscores the sophistication between seeking economic sovereignty and yielding to the compelling allure of Chinese investments. Embarking on a strategy to invigorate its automotive industry, Italy has engaged in discussions with Chinese automotive giants like Chery Auto and BYD, aiming to establish manufacturing bases. These talks, seeking…

Toyota Motor Corporation, alongside giants like Panasonic and Nissan, has embarked on a path-breaking initiative to augment factory worker salaries to levels unseen in the past quarter-century. This strategic decision, pivotal for the workforce, is poised to profoundly influence Japan’s economic directives, potentially heralding the cessation of the longstanding policy of negative interest rates by the nation’s central bank. Pioneering Wage Strategy by Toyota Toyota, the global automotive leader, has pioneered an approach by consenting to a monthly wage surge of up to 28,440 yen, paired with unprecedented bonus disbursements for its manufacturing personnel. This initiative is a component of…

Mercedes-Benz, collaborating with the Fraunhofer-Institute for High-Speed Dynamics, EMI (Ernst Mach Institute), has achieved a groundbreaking feat by executing the world’s inaugural X-ray crash test on an actual car. This test, conducted at EMI’s research facility in Freiburg, Germany, represents a quantum leap in automotive safety testing, providing an unparalleled view into the internal dynamics of a vehicle during collision. The procedure involved a Mercedes-Benz C-Class saloon subjected to a side impact crash at 60 km/h. Distinguishing this crash test is the application of high-speed X-ray imaging, utilizing a linear accelerator to capture the event from above. This advanced technology…