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Business

Hyundai Motor Shifts Gears: Prioritizes Hybrid Vehicles Amid Market Challenges

In a strategic pivot, Hyundai Motor Company, a prominent player in the electric vehicle (EV) market, has adjusted its electrification strategy to encompass both...

Survey: The Vast Majority of OEMs are Making Contingency ICE Production Plans as EV Sales Miss Projections

2024 Kerrigan OEM Survey finds OEMs expect sales to increase and earnings to normalize at higher levels over the next 12 months, despite high...

DJI Automotive’s Autonomous Driving Business review

Research on DJI Automotive: lead the NOA market by virtue of unique technology route. In 2016, DJI Automotive’s internal technicians installed a set of stereo...

Volkswagen Strengthens Partnership with Xpeng to Boost EV Development in China

Volkswagen Group has announced an extension of its collaboration with Chinese electric vehicle (EV) manufacturer Xpeng. The two companies have signed an agreement to...

Chinese OEMs Going Overseas Review 2024 Germany

Keywords of Chinese OEMs going to Germany: electric vehicles, cost performance, intelligence, ecological construction, localization The European Union's temporary tariffs on electric vehicles in China...

AlixPartners: China Brands Poised to Capture One-third of the Global Automotive Market by 2030

The traditional automotive operating model is poised for a seismic shift as Chinese brands are projected to capture one-third of the global market by...

VW’s PowerCo and QuantumScape sign license Agreement to Industrialize Solid-State Batteries

Volkswagen Group’s battery company PowerCo and QuantumScape announced they have entered into a agreement to industrialize QuantumScape’s next-generation solid-state lithium-metal battery technology. Upon satisfactory...

SoundHound Chat AI Launches in Peugeot, Opel, and Vauxhall Vehicles Throughout Europe

SoundHound AI announced its SoundHound Chat AI voice assistant with integrated ChatGPT is now live and in production in Peugeot, Opel, and Vauxhall vehicle...

EU Tariffs Act as Catalyst, Chinese Automakers to Accelerate Launch of 14 New Overseas Plants

The EU has initiated provisional countervailing duties on Chinese-made BEVs as of July 4, 2024. While new tariff percentages have been announced, they show...

Samsung Electronics Realigns Focus from Automotive to AI Semiconductor Development

Samsung Electronics has announced a strategic shift in its semiconductor development, scaling back its efforts in automotive processors to concentrate on artificial intelligence (AI)...

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