Author: Central Desk

Tevva, a vanguard British electric vehicle manufacturer, ushers the trucking industry into an eco-conscious era with its revolutionary electric trucks. A recent showcase at Tevva London in Tilbury brought together 40 potential clients to pilot the UK’s sole 7.5t battery-electric truck, tailored for urban deliveries. The vehicle, distinguished by its capability to travel up to 140 miles (227 kilometers) on a single 105-kWh battery charge, sets an unprecedented industry benchmark. Tevva’s Managing Director, Ken Scott, champions the electric vehicle (EV) transition, especially for trucks, citing significant environmental returns such as enhanced air quality and diminished carbon footprints. Through an innovative…

At Mobile World Congress 2024, Barcelona, Harman, a frontrunner in connected vehicle technologies, showcased its innovative products aimed at revolutionizing automotive connectivity. Among these, the Harman Ready Connect 5G Telematics Control Unit (TCU) stands out as a beacon of advancement, demonstrating the company’s commitment to pushing the boundaries of what’s possible in automotive technology. This avant-garde solution, employing Qualcomm Technologies’ Snapdragon Digital Chassis and the Snapdragon Auto 5G Modem-RF Gen 2, signifies an unparalleled leap in automotive connectivity. It promises enriched in-cabin experiences, once considered premium, now standard, enhancing driver and passenger engagement through superior traffic notifications and vehicle-to-environment communication.…

VinFast, the Vietnamese electric vehicle (EV) powerhouse, has issued a plea to the Indian authorities for a significant decrease in import duties on its automobiles. This strategic request is designed to introduce Indian consumers to its innovative products while the firm progresses on establishing a manufacturing base within the nation. VinFast’s pursuit to adjust India’s formidable 100% import duty on fully-assembled EVs highlights the global EV sector’s ambition to penetrate emerging markets, showcasing the nuanced interplay between foreign investments and domestic industry safeguards. The company’s tactical proposition involves advocating for a duty reduction to 70-80% for a limited two-year span,…

Luxury sports car maker Lotus, now rebranded as Lotus Tech, has entered the public market in the United States following a successful SPAC (Special Purpose Acquisition Company) merger. It trades publicly under the ticker LOT on Nasdaq, marking a significant evolution for the luxury sports car entity, reinforced by Geely’s backing. This development symbolizes a robust confidence in the upscale EV domain, positioning Lotus Tech at the forefront of an industry rife with uncertainty yet ripe with opportunity. Focusing sharply on the elite segment of the EV market, Lotus Tech unveils the Eletre SUV and Emeya sedan, vehicles designed not…

MG, through parent entity SAC Motors, is set to redefine the electric vehicle (EV) landscape in Europe with the introduction of its new premium brand, Intelligent Mobility (IM), at the Geneva Motor Show on February 26, 2024. This strategic announcement signals a transformative era in electric mobility, combines luxury with cutting-edge technology. Electric Mobility Redefined The introduction of the IM brand represents MG’s vision for a future dominated by electric, innovative, and sustainable transport solutions. Targeting the burgeoning demand for upscale electric vehicles, IM emerges as a premium marque, specializing in executive sedans and large SUVs endowed with the latest…

Taiwan Semiconductor Manufacturing Co (TSMC), the titan of global chip fabrication, recently inaugurated its first Japanese manufacturing plant, symbolizing a significant leap in its global expansion ambitions. This development heralds a strengthened economic and technological bond between Taiwan and Japan, celebrated with an opening ceremony that underscored TSMC’s escalating international presence and the mutual cooperation driving this bilateral engagement. Mark Liu, TSMC’s Chairman, extended heartfelt thanks for the steadfast support from Japan’s government, community stakeholders, and integral corporate partners like Sony and Denso. The ceremony, enriched by the attendance of TSMC’s visionary founder, Morris Chang, underscored a legacy of innovation…

Bangkok: The Thai Auto Industry experienced a downturn in production and sales in January, with the Federation of Thai Industries (FTI)’s Automotive Industry Club reporting significant year-on-year declines. This slump is attributed to the rising household debts in the country, which have led financial institutions to tighten auto loan criteria. In January, Thailand produced 142,102 vehicles, a decrease of 12.46% compared to the same month last year. Specifically, production of pickup trucks and passenger vehicles for the domestic market plummeted by 50.89% and 14.68% respectively. Automotive sales also fell, with 54,814 units sold, marking a 16.42% decrease year-on-year. Notably, sales…

Mercedes-Benz, once a proponent of a bold shift towards an all-electric lineup by 2030, has tempered its stance in light of evolving market conditions and technological hurdles. This strategic pivot, moving away from a commitment to sell only electric vehicles (EVs) within the next decade, aligns with a wider industry recalibration on the pace of electric mobility adoption. This adjustment speaks to a more nuanced understanding of the automotive landscape, acknowledging the variance in global market readiness and consumer appetite for EVs. Stratagic Shifts Signals Industry-wide Reassessment Initially, Mercedes-Benz’s declaration to transition fully to EVs underscored its leadership in pushing…

ECARX, a pioneer within the global automotive technology landscape, unveiled its Stuttgart, Germany office on February 1, 2024. This strategic deployment underscores the firm’s unwavering dedication to transforming the automotive sector through advanced infotainment, connectivity, and driver assistance technologies. With this launch, Stuttgart becomes ECARX’s third European nexus, augmenting its existing hubs in Sweden and the United Kingdom. Positioned at the core of Europe’s automotive stronghold, the German office is tasked with spearheading sales and technical development endeavors, primarily serving to European clientele. Peter Cirino, ECARX’s Chief Operating Officer, articulated the firm’s vision: “We are excited to take another step…

Xpeng Motors, a Chinese leader in the Smart Electric Vehicle (Smart EV) domain, announced a strategic alliance with UAE’s Ali&Sons dealership group, marking a significant milestone in its global outreach efforts. This collaboration forms a cornerstone of Xpeng’s strategy to penetrate strategic international markets, establishing partnerships with local dealerships to forge a top-tier network for distribution, sales, and service. This expansion strategy incorporates new alliances across a range of regions, signaling Xpeng’s commitment to broadening its global automotive footprint. Key partnerships have been formed with RAYA in Egypt, SR Group in Azerbaijan, T Gargour and Fils in Jordan, and Gargour…