Author: Central Desk

Thailand is accelerating its position as a leading auto parts manufacturer in the Asia-Pacific, emerging as a critical export hub for the renowned German Schaeffler Group. This development comes as both traditional internal combustion engines (ICEs) and the rapidly growing electric vehicle (EV) industry gain momentum, with Schaeffler preparing for transformative advancements in automotive manufacturing. According to Micah Shepard, head of vehicle lifetime solutions for Schaeffler in Asia-Pacific, the value of the auto parts market for ICEs and EVs is expected to grow by 3-4% this year. This upward trend, driven by robust regional economic growth, is projected to continue…

Mahindra has unveiled the production names of its upcoming electric SUVs, BE 6e and XEV 9e, which are set to make their global debut on November 26. The BE 6e will serve as the flagship model of Mahindra’s new BE sub-brand, while the XEV 9e will lead the XEV sub-brand. A teaser video released by Mahindra offers a first look at these vehicles, showing that both models retain the bold, futuristic design elements seen in their concept versions, BE.05 and XUV.e9. Both EVs feature sleek, angular body panels, extensive LED lighting, aero wheels, and flush door handles. The BE 6e’s…

Kia India announced a notable sales milestone with 28,545 vehicles delivered in October 2024, marking a 30% increase over the 21,941 units sold in October 2023. According to the Vahan portal, more than 28,545 customers (excluding those in Telangana) received their Kia vehicles during the festive season. Among these, 54 customers celebrated Diwali with the newly launched Kia Carnival Limousine Plus. In addition to robust domestic sales, Kia India dispatched 22,753 units to dealers and exported 2,042 units, reflecting a growing demand for its Made-in-India products in international markets. Kia aims to strengthen its presence globally, focusing on expanding its…

Jaguar has announced a pause in vehicle sales in the United Kingdom as it accelerates its transition toward becoming an all-electric luxury car brand by 2026. This move aligns with the automaker’s ‘Reimagine’ strategy, introduced four years ago, which envisions Jaguar’s evolution into a fully electric marque. While electric models are yet to make a full debut, Jaguar has stopped selling vehicles with conventional engines in the UK. However, Jaguar vehicles remain available for purchase outside its home market. Several models, including the Jaguar E-Pace, XE, XF, and F-Type, were previously removed from the UK lineup, and now the F-Pace…

Chinese electric vehicle (EV) maker BYD has launched its premium brand DENZA in Thailand, targeting the country’s high-end automotive market. The event, held on Friday, included remarks from Narit Therdsteerasukdi, secretary general of Thailand’s Board of Investment, who welcomed DENZA’s entry as a milestone for Thailand’s EV industry. Therdsteerasukdi noted that DENZA’s launch reflects international confidence in Thailand’s market and is expected to support economic growth. He reaffirmed the government’s commitment to the EV sector, aiming for 30% of annual auto production to be electric by 2030. BYD has already sold over 56,000 EVs in Thailand. Following the opening of…

Polestar, the Swedish premium electric vehicle (EV) brand, has marked a milestone by delivering its first U.S.-built Polestar 3 SUVs to North American customers. These deliveries represent a significant step for Polestar as it expands its model lineup in the U.S. and Canada, with the vehicles now being manufactured at the brand’s South Carolina facility. The Polestar 3, designed specifically for the North American market, is central to the company’s strategy of growth, as it transitions from offering a single model to a broader range of vehicles. This SUV joins Polestar’s existing models, Polestar 2 and the upcoming Polestar 4,…

A recent report from S&P Global Ratings reveals that South and Southeast Asia are set to invest over $20 billion in electric vehicle (EV) infrastructure and production over the next few years. The report highlights India’s rapidly growing market potential as a major driver, with substantial investments flowing into EV manufacturing and related materials. According to the report, major Indian conglomerates Tata and JSW are anticipated to lead this shift, collectively allocating more than $30 billion over the next decade toward EV production and materials, with around $10 billion specifically earmarked for South and Southeast Asia. India’s EV adoption is…

Morocco emerged as the European Union’s largest auto export hub in 2023, overtaking China and Japan. Driven by a surge in vehicle and component production, Morocco’s trade with Europe is set to grow further. With strategic proximity to Europe and supportive government incentives, Morocco has positioned itself as a vital manufacturing base, notably for European automakers Stellantis and Renault. Morocco’s automotive exports to the EU reached €15.1 billion ($16.4 billion) in 2023, marking a 30% rise from the previous year, according to Morocco’s Foreign Exchange Office (FCO). While finished vehicle exports totaled 536,000 units—second only to China’s 782,000—the growth was…

LG Chem, the South Korean chemical giant, is expanding its footprint in the global automotive adhesives sector with plans to supply thermally conductive adhesives to North American automakers, positioning this division as a potential multi-million-dollar business. As demand for electronic components rises, driven by the shift toward electric and autonomous vehicles, the global automotive adhesives market is projected to nearly double from $6.7 billion in 2024 to $13.0 billion by 2030. This growth is fueled by a need for lighter, eco-friendly materials, essential for next-generation vehicle designs. LG Chem’s thermally conductive adhesives are key to thermal management, binding battery cells…

Geely Auto marked its first anniversary in Mexico by launching the New Emgrand, a compact sedan designed to meet local market demands. This model strengthens Geely’s presence in Mexico, expanding its lineup to better serve Mexican drivers. The New Emgrand, Geely’s first sedan in Mexico, was introduced at a launch event attended by over 150 partners, media, and fans. The live broadcast drew 24,000 viewers, sparking positive reactions on social media for the sedan’s design, quality interior, and competitive pricing. Built on the BMA platform, the New Emgrand offers safety, comfort, and intelligent technology. Its design aims to meet the…