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Following the news that Ford and BMW are leading a $130m funding round for solid-state battery startup, Solid Power; David Leggett, Automotive Analyst at GlobalData, a leading data and analytics company, offers his view: “As car companies eye much higher volumes for electric vehicles over the next five years, they are also making moves to […]
Toyota fast-tracks autonomous vehicle plans with Lyft’s Level 5 acquisition, says GlobalData
Following the news that Toyota Motor’s tech investment arm Woven Planet Holdings has agreed to acquire shared mobility giant Lyft’s self-driving vehicle division Level 5 for US$550m; Bakar Sadik Agwan, Senior Automotive Consulting Analyst at GlobalData, a leading data and analytics company, offers her view: “The move comes a week after the company announced electrification […]
Ola Hypercharger Network will boost customer confidence in electric two-wheelers in India, says GlobalData
Following the news that ride-hailing company Ola plans to set up 100,000 high-speed charging points across 400 cities in India under ‘Ola Hypercharger Network’ for its upcoming electric two-wheelers; Bakar Sadik Agwan, Senior Automotive Consulting Analyst at GlobalData, a leading data and analytics company, offers her view: “Ola’s plan to establish its own strong network […]
Chips shortage for autos likely to last into 2022, says GlobalData
Following the news from Daimler that a shortage of critical semiconductor components hit deliveries in the first quarter and will further impact sales in the second quarter; David Leggett, Automotive Analyst at GlobalData, a leading data and analytics company, offers his view: “Daimler’s warnings today are the latest in a long line of warnings and […]
Discussion on subscriptions by automotive companies rose by 73% in 2020 as they look to diversify sales channels, finds GlobalData
Consumers’ need for greater convenience and flexibility, and the shift away from the need to own assets, is driving auto companies to try and capitalize by pursuing subscription models. While auto companies have discussed subscriptions in the past, discussions in earnings transcripts surged in 2020, with the entry of more original equipment manufacturers (OEMs) in […]
Toyota electrification plans to boost presence in Asia-Pacific EV market, says GlobalData
Following the news that Toyota is set to unveil the concept version of the first model in its new battery electric vehicle (BEV) series, the Toyota bZ4X, in Shanghai and establish a full line-up of EVs to reduce CO2 emissions with the aim of having 70 electrified models by 2025; Bakar Sadik Agwan, Senior Automotive […]
Rising fuel prices, costlier conventional vehicles drive CNG car sales in India, says GlobalData
Following the news that Maruti Suzuki India Limited sold over 157,000 factory-fitted CNG vehicles in FY2020-21; Bakar Sadik Agwan, Senior Automotive Consulting Analyst at GlobalData, a leading data and analytics company, offers his view: “Increasing CNG car sales indicate the growing alternative fuel vehicle market in India and is a positive development towards achieving clean […]
Toyota’s RAV4 shows why hybrids remain a good compromise in the market, says GlobalData
Following the news that Toyota in Europe reported its highest ever hybrid mix – at 56% (67% in Western Europe) – in its first quarter sales; Graeme Roberts, Automotive Editor at GlobalData, a leading data and analytics company, offers his view: “Toyota’s first quarter sales results show just how important petrol-electric hybrid sales remain for […]
UK car market opens, but huge challenges ahead for sector, says GlobalData
Following the news that car retailers in England are now open for in-person business under the government’s roadmap to ease population lockdown rules; David Leggett, Automotive Analyst at GlobalData, a leading data and analytics company, offers his view: “This is clearly a welcome step for the UK’s automotive sector. While there have been many ‘click […]
Siemens offers significant e-mobility opportunities for Ashok Leyland in India, says GlobalData
Following the news that Ashok Leyland’s Switch Mobility Automotive and Siemens have signed a memorandum of understanding (MOU) to execute e-mobility projects in India; Bakar Sadik Agwan, Senior Automotive Consulting Analyst at GlobalData, a leading data and analytics company, offers her view: “The partnership marks the entry of Ashok Leyland to eMobility-as-a-Service (eMaas) or shared […]
Hyundai strengthening EV presence with innovative products, says GlobalData
Following the news that South Korean auto giant Hyundai is promoting its new electric car Ioniq 5, which has bidirectional charging technology and can power home appliances; Bakar Sadik Agwan, Senior Automotive Consulting Analyst at GlobalData, a leading data and analytics company, offers her view: “Hyundai has marked itself as a leader in EV technology […]
Efforts from all stakeholders strengthening electric vehicle ecosystem in India, says GlobalData
Concentrated efforts from the government and other stakeholders will boost the supply and demand of electric vehicles (EVs) and subsequently drive the adoption of the EVs in India, says GlobalData, a leading research and analytics company. Bakar Sadik Agwan, Senior Automotive Consultant at GlobalData, comments: “The latest developments in the automotive industry indicate that EVs […]
State governments facilitating electric two-wheeler financing will boost EV adoption in India, says GlobalData
Following the news that New and Renewable Energy Development Corporation of Andhra Pradesh (NREDCAP) has sought expressions of interest from prospective electric vehicle (EV) suppliers to buy over 100,000 electric two-wheelers; Bakar Sadik Agwan, Senior Automotive Consulting Analyst at GlobalData, a leading data and analytics company, offers her view: “The announcement is positive for the […]
Xiaomi’s foray into electric vehicle segment will intensify competition in China, says GlobalData
Following the news that Chinese smartphone giant Xiaomi plans to enter into electric vehicles (EV) business with US$10bn investment over the next 10 years; Bakar Sadik Agwan, Senior Automotive Consulting Analyst at GlobalData, a leading data and analytics company, offers her view: “While Xiaomi’s entry will boost the demand of EVs, which have been growing […]
Volkswagen’s April Fool caused confusion, but worked, says GlobalData
Following the news that Volkswagen’s in the US issued false statements this week of a planned brand name change to ‘Voltswagen’; David Leggett, Automotive Analyst at GlobalData, a leading data and analytics company, offers his view: “As PR stunts go, this will probably go down as a case study in sending out a message that […]
Car markets and car output set to soar versus last year, says GlobalData
Following the news that UK car production fell 14.0% year-on-year in February, with 105,008 units produced, according to the latest figures released today by the Society of Motor Manufacturers and Traders (SMMT); Calum MacRae, Automotive Analyst at GlobalData, a leading data and analytics company, offers his view: “The decline to UK car output in February […]
Axe for Ford Mondeo reflects changed market and product development priorities, says GlobalData
Following the news that Ford is to phase out Mondeo model production – with no direct replacement planned – at its Valencia plant in early 2022; David Leggett, Automotive Analyst at GlobalData, a leading data and analytics company, offers his view: “Ford’s decision to end sale of its Mondeo model with no direct replacement reflects both changes […]
The pandemic may have thrown the private car a lifeline, says GlobalData
As the UK marks a year since its first population lockdown and the auto industry – among many industries – reflects on a year of unprecedented turmoil caused by the COVID-19 pandemic; David Leggett, Automotive Analyst at GlobalData, a leading data and analytics company, offers his view: “For the global auto industry, it has been […]
February a month of few surprises for West European vehicle sales
Following the publication of data by European automotive constructors’ trade body ACEA showing that new passenger car registrations in the European Union dropped by 19.3% in February; Calum MacRae, Automotive Analyst at GlobalData, a leading data and analytics company, offers his view: “We track light commercial vehicles (LCVs) as well as passenger cars and February […]
VW Group bets big on industrial scale to counter Tesla, says GlobalData
Following Volkswagen Group’s annual results conference for investors at which it set out its transformation to ‘new auto’ which includes the switch to electric drives; David Leggett, Automotive Analyst at GlobalData, a leading data and analytics company, offers his view: “Volkswagen is turning to its natural industrial strength – especially in the form of standardized […]