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Automotive

Geely is a car company to watch, says GlobalData

Following the news that China’s Geely Group is targeting 3.65 million sales a year by 2025, David Leggett, Automotive Analyst at GlobalData, a leading data and analytics company, offers his view: “Geely is a car company to watch. The largest privately owned automaker in China has struck a large number of tie-ups or partnerships with […]
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Long overdue vehicle scrappage policy milestone step for Indian auto industry, says GlobalData

Following the news that India launched Voluntary Vehicle Fleet Modernisation Programme (vehicle scrappage policy); Bakar Sadik Agwan, Senior Automotive Consulting Analyst at GlobalData, a leading data and analytics company, offers his view: “The average operational life of a passenger vehicle in India stands at more than 25 years. According to GlobalData’s Automotive Intelligence Center, there […]
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Geely will bolster Renault presence in China, says GlobalData

Following the news that Geely Holding Group and Renault Group have agreed to form a hybrid vehicle joint venture with focus on China and South Korea markets; Bakar Sadik Agwan, Senior Automotive Consulting Analyst at GlobalData, a leading data and analytics company, offers his view: “The joint venture will see Renault-branded hybrid vehicles being sold […]
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Foxconn aggressively carving out a niche in APAC EV industry, says GlobalData

The rapid growth of electric vehicles (EVs) has transformed the traditional automotive industry business due to the merging boundaries between automotive technology, electronics and information & communication technology. Over the past few years, technology companies, such as Foxconn have been aggressively trying to carve out a niche in the Asia-Pacific (APAC) automotive industry with their […]
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LG Energy, Hyundai battery partnership will boost Indonesia strategic presence in EV market, says GlobalData

Following the news that Hyundai Motor Group has teamed up with LG Energy Solution to build an electric vehicle (EV) battery cell manufacturing joint venture (JV) with US$1.1bn investment in Indonesia; Bakar Sadik Agwan, Senior Automotive Consulting Analyst at GlobalData, a leading data and analytics company, offers his view: “Indonesia, which has reserves of nickel […]
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Automakers collaborate to lead all-inclusive electrification in Japan, says GlobalData

With Japan eyeing to achieve carbon-neutrality by 2050, key automakers in the country now have the impetus to begin their transition towards electric vehicles (EVs). Given the governmental targets and increasing intrusion of technology giants in EV manufacturing and supply, Japanese OEMs have been quite active recently in partnering/collaborating with various stakeholders for developing EVs, […]
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Europcar acquisition could be a smart move for Volkswagen, says GlobalData

Following confirmation that French car rental group Europcar’s owners are in advanced discussions with a consortium including Volkswagen that is interested in a possible takeover; David Leggett, Automotive Analyst at GlobalData, a leading data and analytics company, offers his view: “Debt-laden Europcar could be relatively cheap as the car rental sector reels under the impact […]
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Barclays and Goldman Sachs were top M&A financial advisers by value and volume in automotive sector for H1 2021, finds GlobalData

Barclays and Goldman Sachs were the top mergers and acquisitions (M&A) financial advisers in the automotive sector for H1 2021 by value and volume, respectively. Barclays advised on three deals worth US$7.6bn, which was the highest value among all the advisers. Meanwhile, Goldman Sachs led in volume terms having advised on four deals worth US$6.1bn. […]
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No clear future roadmap by Ford for India, says GlobalData

Even after close to three decades of presence, Ford struggles to make it big in India. The American automaker has been in news recently over various speculations such as winding up operations in the country, selling its manufacturing to new automaker Ola, contract manufacturing for Citroen, or looking for a new business partner to bring […]
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Hero Electric aims for EV leadership with new business expansion plans in India, says GlobalData

Following the news that Hero Electric Vehicles, the electric arm of India’s leading two-wheeler company Hero MotoCorp, will invest INR7bn as part of its business expansion plans by 2025; Bakar Sadik Agwan, Senior Automotive Consulting Analyst at GlobalData, a leading data and analytics company, offers his view: “Hero Electric mulling investments in electric two-wheeler segment […]
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Hyundai partners with shared mobility players to create conducive EV ecosystem for future electric mobility, says GlobalData

Hyundai Motor Group, with its electrification strategy (Strategy 2025) roadmap, has planned to spend over US$87bn on the development and production of electric vehicles (EVs) and autonomous vehicles by 2025. Hence, it has partnered and set-up strategic alliances with multiple stakeholders including EV component manufacturers such as batteries, charging infrastructure, battery recycling, leasing companies and […]
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