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Following the news that China-based electric vehicle (EV) maker BYD plans to launch new EV model and manufacturing platform next year; Bakar Sadik Agwan, Senior Automotive Consulting Analyst at GlobalData, a leading research and consulting company, offers his view: “The move forms part of BYD’s strategy to emerge as a future leader in the electric […]
EESL investment in SWAG EV paves way for electric 2W with swappable batteries in India, says GlobalData
Following the news that India’s state-owned Energy Efficiency Services Limited (EESL) has announced to invest in Thailand-based e-mobility player SWAG EV; Bakar Sadik Agwan, Senior Automotive Consulting Analyst at GlobalData, a leading data and analytics company, offers his view: “EESL’s investment in SWAG EV is expected to pave way for electric two-wheelers with swappable batteries […]
Shared mobility segment to stage strong comeback post COVID-19, says GlobalData
Following the news that Uber plans to launch services in more cities and expand its Auto and Moto offerings across existing markets in India; Animesh Kumar, Director of Automotive and Travel & Tourism Consulting at GlobalData, a leading research and consulting company, offers his view: “Through the expansion of services and network, Uber is eyeing […]
Commercial battery electric vehicles next battleground for OEMs in Asia, says GlobalData
Following the news that BYD Auto Industry and Hino Motors have signed a joint venture (JV) agreement to set up a new company for commercial battery electric vehicles (BEVs) development, Bakar Sadik Agwan, Senior Automotive Consulting Analyst at GlobalData, a leading data and analytics company, offers his view: “The move is a major positive development […]
BMW cash flow a positive, but VDL Nedcar adjustment is a reality check
Following the news that BMW is reporting a large preliminary third quarter free cash flow boost as demand continues to recover from the pandemic-induced population lockdowns of the spring; David Leggett, Automotive Analyst at GlobalData, a leading data and analytics company, offers his view: “The BMW news on cash flow is pretty positive and echoes […]
Thailand vehicle production to decline between 25-30% in 2020, forecasts GlobalData
Following the news that The Federation of Thai Industries (FTI) reported year-on-year decline of 38.76% in vehicle production over the past nine months; Bakar Sadik Agwan, Senior Automotive Consulting Analyst at GlobalData, a leading data and analytics company, offers his view: “Thailand, a key automotive production hub in Asia, is struggling hard to recover from […]
Deployment of EV charging stations on highways and expressways will boost EV uptake in India, says GlobalData
Following the news that the Department of Heavy Industries (DHI) in India has invited an expression of interest (EOI) for the development of electric vehicle (EV) charging infrastructure on major highways and expressways; Animesh Kumar, Director of Automotive Consulting at GlobalData, a leading research and consulting company, offers his view: “Despite a wide EV portfolio […]
Shared mobility faces major COVID-19 threat, says GlobalData
A new study by GlobalData, a leading data and analytics company, highlights the threat to the formerly buoyant ride-hail sector posed by changed consumer attitudes across the world due to the COVID-19 pandemic. Mike Vousden, Automotive Analyst at GlobalData comments: “In simple terms, the concept of shared mobility is now in question as consumers re-evaluate […]
State-owned Indonesia Battery Holding to help build integrated electric vehicle industry in Indonesia, says GlobalData
Following the news that a group of state miners MIND ID and Aneka Tambang (ANTAM), state utility Perusahan Listrik Negara (PLN) and state oil company Pertamina have agreed to form a new venture — Indonesia Battery Holding; Animesh Kumar, Director of Automotive Consulting at GlobalData, a leading research and consulting company, offers his view: “The […]
No full global automotive market recovery forecast until 2023, says GlobalData
The global light vehicle market is forecast by GlobalData, a leading data and analytics company, to stay under pre-pandemic levels until 2023. Calum MacRae, Automotive Analyst at GlobalData, comments: “Demand and industry output is now in recovery phase, but the economic foundations for the global vehicle market are fundamentally damaged.” GlobalData forecasts that the global light […]
Thailand’s position as key automotive production hub to further strengthen in next five years, says GlobalData
Automotive sector has long been a key pillar of the Thailand economy. Increasing domestic demand, attractive tax incentives by government and reduced import duties on auto parts are all set to boost investments in the sector and the country’s position as a key automotive production hub for leading automakers is set to strengthen over the […]
Entry of leading OEMs conducive for growth of vehicle subscription segment in India, says GlobalData
Toyota Kirloskar Motor (TKM) has recently joined hands with Myles Automotive Technologies to expand vehicle subscription business for individuals in Delhi National Capital Region (NCR), Mumbai and Bengaluru. The entry of leading OEMs will create the much-needed thrust for higher vehicle subscription service uptake in India, says GlobalData, a leading data and analytics company. Animesh […]
Tesla in running to buy stake in LG Chem’s battery division
Following the news that LG Chem operating profit for the third quarter is heading for a record high; Mike Vousden, Automotive Analyst at GlobalData, a leading data and analytics company, offers his view: “South Korea-based LG Chem has recently overtaken China’s CATL and Japan’s Panasonic to become the world’s largest supplier of lithium-ion batteries for […]
Tesla is top automotive industry performer
Tesla tops GlobalData’s Thematic Screen which ranks automotive companies according to themes that matter most to the industry, generating a leading indicator of future performance. “For some time now, Tesla has outperformed the sector in terms of measures such as market capitalisation,” says Calum MacRae, Automotive Analyst at GlobalData. “Our latest analysis keeps Tesla firmly […]
Skoda entry to strengthen organized used car market in India, says GlobalData
Following the news that Skoda Auto India has introduced ‘Certified Pre-Owned’ program; Bakar Sadik Agwan, Senior Automotive Consulting Analyst at GlobalData, a leading research and consulting company, offers his view: “Skoda has officially announced the launch of its certified pre-owned vehicle sales business across nine cities in India after indicating its plan to enter the […]
Rising domestic demand marks recovery of South Korea’s auto industry in September 2020, says GlobalData
Following the news that South Korea’s new vehicles sales in September 2020 increased by 3.4%, riding on domestic demand; Bakar Sadik Agwan, Senior Automotive Consulting Analyst at GlobalData, a leading research and consulting company, offers his view: “South Korea’s top five automakers Hyundai Motor Co., Kia Motors Corp., GM Korea Co., Renault Samsung Motors Corp. […]
With My MG Shield personalized car ownership program MG Motor India looks to differentiate from others, says GlobalData
Following the news that MG Motor India has introduced ‘My MG Shield’, the personalized car ownership program for its upcoming new premium Autonomous Level-1 SUV Gloster; Bakar Sadik Agwan, Senior Automotive Consulting Analyst at GlobalData, a leading research and consulting company, offers his view: “The new personalized car ownership program, which offers flexible bundle of […]
September decline in UK car market underlines huge sector challenges ahead
Following the news that the UK’s new car market was down 4.4% in the month of September, according to data released by the Society of Motor Manufacturers and Traders (SMMT); David Leggett, Automotive Analyst at GlobalData, a leading data and analytics company, offers his view: “September’s year-on-year UK car market decline is against a weak […]
Nissan and Toyota operations in UK could be hit by new EU tariff rules, says GlobalData
Following reports that the EU has refused UK Government requests to treat imported automotive parts for UK new car manufacturing from Japan and Turkey as ‘British’ under a proposed new free trade deal; David Leggett, Automotive Analyst at GlobalData, a leading data and analytics company, offers his view: “If the reports are true, this could […]
Beijing’s auto show shines a light of hope for the global auto industry, says GlobalData
As AutoChina gets underway in Beijing (first press day 26 September), the auto industry globally will be watching; David Leggett, Automotive Analyst at GlobalData, a leading data and analytics company, offers his view: “This year’s AutoChina show, postponed from March, will be unlike any other. It comes with social distancing, health checks and quarantines for […]