Author: Central Desk

Hyundai Motor Company and Kia Corporation are commencing a remarkable revamp of their research and development (R&D) operations. This deliberate move responds to the dynamic shifts within the global vehicle market, particularly the surge in smart electric vehicles (EVs). The restructuring reflects a departure from traditional R&D practices, pivoting towards the demands of the evolving ‘mobility’ market. Hyundai and Kia plan to merge their electronics and software R&D departments. This merger is aimed at sharpening their focus on the intersection of software and hardware in modern vehicles. Hyundai Motor Group (HMG) intends to launch a new R&D unit dedicated to…

A seismic shift occurs in the electric vehicle (EV) domain as China’s BYD eclipses Elon Musk’s Tesla, seizing the crown as the premier electric car seller globally. This development marks a pivotal chapter in the EV narrative. BYD, an acronym for Build Your Dreams, backed by US investment titan Warren Buffett since 2008, disclosed production figures of 3.02 million new energy vehicles for 2023, outperforming Tesla’s 1.84 million. This tally includes 1.6 million solely battery-powered cars and 1.4 million hybrids, positioning Tesla as the frontrunner in the pure electric battery-only segment despite BYD’s aggregate lead. The closing quarter of 2023…

At CES 2024, LG, the Korean electronics powerhouse, revealed an innovative in-cabin display tailored for the burgeoning software-defined vehicle (SDV) sector. This pivotal announcement signals LG’s foray into a new realm of vehicle technology, merging automotive engineering with sophisticated digital interfaces. LG’s concept transforms vehicles into ‘smartphones-on-wheels,’ led by the rapid ‘screenification’ of onboard user experiences. A spectrum of display screens addresses the individual needs of occupants, enhancing the drive with diverse functionalities. These screens are pivotal for both information and entertainment during transit and provide a comprehensive range of infotainment services when stationary. Designed to integrate with future autonomous…

The famed German auto sector, a powerhouse in global car manufacturing, confronts a critical period in 2024. With the gradual shift from fossil fuels, German car makers grapple with the challenge of adapting to the burgeoning e-mobility sector. Contrasting Visions Marketing narratives often depict an idyllic future of transportation: silent, clean electric vehicles navigating through pristine environments and serene cities. Contrarily, the reality in Germany starkly differs, characterized by persistent traffic congestion, noise, and exhaust fumes. Progress and Hesitation The German Federal Motor Transport Authority’s data reveals a modest rise in electric vehicle (EV) adoption. A decade ago, EVs represented…

Ford India, a key subsidiary of Ford Motor Company, rethinks its previous decision to leave the Indian market, suggesting a potential resurgence amid the vibrant automotive landscape. Following the company’s move to cancel the sale of its Chennai manufacturing plant to the JSW group, industry observers are buzzing with speculation about the Maraimalai Nagar facility’s future and Ford’s strategic direction in India. The plant’s prime location near major ports and metropolitan areas makes it a valuable asset for potential investors. Ford’s engagement with India has been a tale of fluctuating fortunes. Beginning operations in 1926 and exiting in 1953 due…

On January 1, 2024, the previously announced acquisition deal, dated December 25, 2023, has been completed. The United International Transportation Company, known as Budget Saudi, a prominent vehicle leasing company in Saudi Arabia, completed its acquisition of the full stake in Al Jazira Equipment Company (AutoWorld) from Saudi Economic and Development Holding Company (Sedco). AutoWorld, a key player in the kingdom’s long-term operational leasing and vehicle maintenance industry, is now part of Budget Saudi’s portfolio. Budget Saudi’s fully-owned subsidiary, Al Jozoor Al Rasekha Trucking Company (Rahaal), executed this acquisition. The transaction involved Rahaal issuing new shares to the capital owner…

Tesla Inc., renowned for captivating electric vehicle enthusiasts and dedicated followers of CEO Elon Musk, now focuses on a wider audience: the everyday car buyer. Following an exceptional delivery year in 2023, with around 1.8 million cars delivered, Tesla shifted its strategy to appeal to a diverse customer base, highlighting affordability and usability. Although achieving a record in sales, Tesla’s volume remains a small portion of the annual sales of automotive giants like Toyota Motor Corp. and General Motors Co. This strategic pivot is crucial for Tesla’s growth, as emphasized by Chief Financial Officer Vaibhav Taneja during an October investor…

Ducati has announced a significant recall affecting nearly 3,000 units of its XDiavel models in the United States. The recall spans across the XDiavel S and Standard variants manufactured from 2016 to 2023. The core of the issue lies in the pillion backrest, an accessory offered with the XDiavel. Reports indicate that this accessory has been incorrectly installed on several units, potentially leading to a broken backrest. Such a malfunction poses a serious risk, as it could result in the pillion passenger falling off the motorcycle. Ducati emphasizes that this accessory fitting is carried out at the dealership level. To…

Primarily known for consumer electronics, Xiaomi has made a bold entry into the electric vehicle (EV) market with its Five Core Technologies. This debut, marked by the introduction of their first car models, the Xiaomi SU7 and Xiaomi SU7Max, surpasses expectations in the auto world. This foray, signifying a new chapter in their mission to enrich the Human x Car x Home smart ecosystem, is set to enhance the dynamism of EV cars. Revolutionizing Performance and Design Exceptional Speed and Style: The Xiaomi SU7Max has set a new benchmark in EV performance with its staggering acceleration from 0-100km/h in just…

The Auto World is navigating through various challenges that are shaking the landscape of mobility. These challenges are unprecedented, occurring simultaneously on land, at sea, and in the production sector, teaching the vehicle world new survival strategies. Let’s examine some of these. CHIP SHORTAGE: At the core of these challenges is the ongoing chip shortage. This bottleneck, worsened by geopolitical tensions and natural disasters, is not only limiting vehicle production but also driving up prices. Additionally, the scarcity of essential materials like lithium, used in batteries, and palladium, crucial for catalytic converters, is stalling production and raising costs. GEO CONFLICTS:…