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VinFast’s (VFS) global EV dealer network grows following new agreement in Middle East

Baua Electric

Following recent Q4 2023 results that relayed a miss on annual delivery targets, Vietnamese EV automaker VinFast continues to bolster its global presence with the help of distribution specialists. To do so, the Vietnamese automaker has begun relying on dealership partners in certain markets, like the US, for instance.

Dealers 52
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Volkswagen Group and Tata Motors Ltd. to explore strategic alliance for joint development projects; ŠKODA to lead

Green Car Congress

The first step will address topics such as the application of specific market knowledge as well as local development expertise. In the long term, the Volkswagen Group is looking to further expand its product portfolio in the fast-growing emerging markets. Global ŠKODA sales reached 1.3 billion in 2015-16. million cars in 2016.

Motor 150
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India’s automotive aftermarket is likely to grow to USD 14 billion by 2028: ACMA-E&Y study  | Autocar Professional

Baua Electric

The market is expected to grow on a steady increase in vehicles, which is projected to grow at a CAGR of over 8% in the next five years from the current 340 million units. The research that covered 39 countries identified the top ten international markets where it sees a combined export potential of over USD 35 billion by 2028.

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Honda to step up its game with new electric motorcycles and EVs

Teslarati

Battery electric vehicles (BEVs) are particularly making strides in the global automobile business. The legacy OEM also expects to launch the EM1 e: electric scooter, powered by Honda’s Mobile Power pack e: swappable battery in Japan, Europe, and Indonesia by 2023. The company’s plans for each region are laid out below.

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Tata Motors commits almost $50M to UK National Automotive Innovation Campus

Green Car Congress

Tata Motors Limited, India’s largest automobile manufacturer, has confirmed its long term commitment to advanced research and development in the UK through the participation of its subsidiary, Tata Motors European Technical Centre (TMETC), in the UK’s National Automotive Innovation Campus (NAIC). Earlier post.).

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Honda President Ito steps down, Takahiro Hachigo to replace him

Green Car Congress

Hachigo joined Honda in 1982, and began his career in its automobile research and development operations, principally as an engineer in the area of chassis design. Hachigo was in charge of developing the first-generation of the US-built Odyssey minivan, which was launched in 1999 primarily for the US market.

Honda 150
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Hyundai Motor Group to invest $87B over next 5 years; 44 electrified vehicles; new EV development system; hydrogen plans

Green Car Congress

It will streamline operation networks and introduce new sales methods, while securing a flexible production system that can respond to the fluctuating global demand. The Group will start exporting its fuel-cell systems to Cummins and enter the US market this year, followed by the European market.

Hyundai 284