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Velodyne Lidar acquires AI software company Bluecity

Green Car Congress

Bluecity’s executive, software development and sales teams will join Velodyne. Velodyne Lidar has acquired Bluecity, a Montreal-based artificial intelligence (AI) software company, in an all-stock transaction. The addition of Bluecity is expected to be immaterial to operating expenses and cash usage.

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BYD makes brand debut in Uzbekistan, starts local pre-sales of 3 models

CN EV Post

| BYDDY.US | BYD HK (Image credit: BYD) BYD (OTCMKTS: BYDDY) made its brand debut in Uzbekistan and introduced three models to local consumers, as the largest Chinese manufacturer of new energy vehicles (NEVs) continues to advance its efforts in the international market. For more articles, please visit CnEVPost.

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Borgward expanding to the Middle East; westwards from China

Green Car Congress

Borgward will systematically continue to globalize its activities by entering the markets of Middle Eastern countries such as Bahrain, Kuwait, Qatar, the United Arab Emirates (UAE), and Iran. —Tom Anliker, Vice President Marketing & Sales at Borgward Group AG. As announced, we will boost growth further and open up new markets.

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ACMA Automechanika New Delhi 2024 draws over 500 exhibitors | Autocar Professional

Baua Electric

Schaeffler, ZF India, Mahle Aftermarket, NRB Bearings, Mansons International, Subros, J K Fenner, Minda Corporation, RMP Bearings, Celette India and a number of other leading Indian brands will showcase their new solutions for the industry. File photo of ACMA Automechanika New Delhi.

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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

India, being the third-largest automobile market in the world in terms of sales and the largest manufacturer of two-wheelers and tractors, augurs well for aftermarket growth. 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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Indian automotive aftermarket expected to reach USD 14 billion by 2028: E&Y report – ET Auto

Baua Electric

The pre-owned cars sales are projected to grow around 17.5% On the international front, the study covers 39 countries and narrows down its focus to 10 major export markets, identifying over USD 35 billion worth of export opportunities. Likewise, key ten international markets offer export opportunities of over USD 35 billion.

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NIO revenues up in Q4 2023, Alps sub-brand to launch in Q2 with a Tesla Model Y competitor

Baua Electric

Looking ahead, NIO looks to bounce back in monthly sales, which should be bolstered by the launch of its new sub-brand Alps. Alps will have its own sales network of at least 200 locations but will share aftermarket service and battery swaps with the NIO brand. billion ($8 billion) as of December 31, 2023. compared to 2022.