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Automotive

Foxconn EV production plan back in motion with Lordstown Motors’ Ohio plant acquisition, says GlobalData

Following the news that Taiwanese iPhone maker Foxconn acquires Lordstown Motors’ Ohio electric vehicle (EV) factory for $230m; Bakar Sadik Agwan, Senior Automotive Consulting Analyst at GlobalData, a leading data and analytics company, offers his view: “The acquisition is a milestone for Foxconn’s US EV ambition which came to a standstill with uncertainty looming over […]
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Two, three-wheelers and buses at forefront of India’s electrification agenda, says GlobalData

Vehicle electrification has become a strategic priority for the stakeholders of the automotive market in India. Therefore, everybody is undergoing the essential ‘upskilling’ phase to be future-ready for electric vehicles (EV). To give an impetus to this idea, India plans to prioritize the electrification of the two-wheelers, three-wheelers and buses, says GlobalData, a leading data […]
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Foxconn’s EV ambition to take-off in Thailand, says GlobalData

Taiwan-based smartphone manufacturing giant Hon Hai Precision Industry Co. (Foxconn) and state-owned oil supplier PTT PLC have signed an agreement to start electric vehicle (EV) manufacturing facility in Thailand.  The agreement, which follows the memorandum of understanding (MoU) signed between the parties for cooperation on EVs in June 2021, will help Foxconn in taking-off its […]
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Cross-sector study shows auto industry as a Covid recovery leader

Analysis by GlobalData, a leading data and analytics company, suggests the auto industry is emerging as a relatively strong performer in the pandemic recovery. GlobalData has created sector activity indices (derived from company data) and undertaken an analysis from across 18 industries, comparing pre-pandemic activity levels with those up to the second quarter of this […]
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Parts shortages continue to bite for Toyota with risks to profit outlook rising, says GlobalData

Following the news that Toyota is planning further big cuts to global output plans for September (minus 70,000-units on previous plan) and October (minus 330,000 units on previous plan); David Leggett, Automotive Analyst at GlobalData, a leading data and analytics company, offers his view: “Shortages of semiconductors and other parts from Toyota’s low-cost supply chain […]
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Hyundai aims to re-energize commercial vehicle market with hydrogen fuel cell technology, says GlobalData

Following the news that South Korean automaker Hyundai plans to offer hydrogen fuel cell versions of all its commercial vehicles by 2028; Bakar Sadik Agwan, Senior Automotive Consulting Analyst at GlobalData, a leading data and analytics company, offers his view: “Hyundai’s announcement to feature fuel cell electric or battery electric powertrains, as well as the […]
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Toyota eyes leadership in EV battery technology over next decade with announced investments, says GlobalData

Following the news that Japanese automaker Toyota plans to spend U$13.5bn to develop electric vehicle (EV) battery technology and supply system by 2030; Bakar Sadik Agwan, Senior Automotive Consulting Analyst at GlobalData, a leading data and analytics company, offers his view: “Toyota, the world largest automaker by volume sales, pioneered the transition to hybrid vehicles […]
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Motor shows must evolve to stay relevant, says GlobalData

Following the opening of the 2021 Munich Internationale Automobil-Ausstellung (IAA) motor show this week; David Leggett, Automotive Analyst at GlobalData, a leading data and analytics company, offers his view: “For the traditional motor show format – show halls filled with the automotive manufacturers’ latest models and concepts – these are very tough times. The old […]
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Automotive supply chain shortages getting worse, says GlobalData

Analysis by GlobalData, a leading data and analytics company, suggests the disruption to the global auto industry’s supply chains caused by surging Covid-19 infection rates and lockdowns in southeast Asia is worsening. “The next month or so will be a very big challenge for the industry,” says David Leggett, Automotive Analyst at GlobalData. “Automotive supply […]
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July 2021 resilient for Toyota but output in coming months may succumb to supply disruptions, says GlobalData

Following the news that Japanese automaker Toyota Motor reported 11.9% growth in its global vehicle output; Bakar Sadik Agwan, Senior Automotive Consulting Analyst at GlobalData, a leading data and analytics company, offers his view: “The positive uptick in the production output, which comes at a time when most OEMs are struggling with their supply challenges, […]
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Business venture restructuring in China to help Mazda Motor to improve competitive position, says GlobalData

Following the news that Japanese automaker Mazda Motor Corp has agreed to restructure car joint venture (JV) with Chinese partners Changan and FAW; Bakar Sadik Agwan, Senior Automotive Consulting Analyst at GlobalData, a leading data and analytics company, offers his view: “The restructuring, which makes Changan Mazda Automobile Co., Ltd. (CMA), a new venture, and […]
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Despite late return to market, India-focused SUV to improve Honda’s competitive position, says GlobalData

Following the news that Honda Cars India Limited (HCIL) is developing an India-centric SUV; Bakar Sadik Agwan, Senior Automotive Consulting Analyst at GlobalData, a leading data and analytics company, offers his view: “With the announcement of an India-focused SUV, Honda Cars India is following the trail of other automakers. Despite the action being ‘late’, the […]
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