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Despite the COVID-19 impact, new vehicle launches in India have been able to charge up the local market. In line with this, Kia Motors India recently launched its new 7-seater three-row MPV in India called ‘Kia Carens’. This launch marks the entry of Kia Motors in the mass market MPV segment after the premium MPV […]
Switching for cheaper motor insurance becomes harder for 77.8% of UK motorists as providers increase premiums, says GlobalData survey
The vast majority of UK consumers who switch motor insurance policies do so for a cheaper price, with 77.8% of motor insurance customers switching at renewal because a different insurer offered a lower premium according to a GlobalData survey. However, that is now being restricted following the Financial Conduct Authority’s (FCA) regulatory reforms. The leading […]
Adani entry into electric mobility will boost Indian automotive market, observes GlobalData
Following the news that Adani group entity SB Adani Trust received trademark approval for commercial electric vehicles business in India; Bakar Sadik Agwan, Senior Automotive Consulting Analyst at GlobalData, a leading data and analytics company, offers his view: “Adani’s entry will be a major push to the Indian commercial EV industry, which presently is in […]
2022 predictions: China to rule EV landscape in 2022, says GlobalData
Electric vehicles (EVs) are becoming increasingly popular among consumers but are causing issues for automakers, who are grappling with supply chain crises and raw material shortages. In its latest report, ‘Tech, Media, & Telecom (TMT) Predictions 2022 – Thematic Research’, leading data and analytics company GlobalData predicts that Tesla and China are set to maintain […]
Automotive sector to help Japan’s economy bounce back in 2022, forecasts GlobalData
Following the news that Japan car sales recovery helped November 2021 GDP to grow by 1.5%; Bakar Sadik Agwan, Senior Automotive Consulting Analyst at GlobalData, a leading data and analytics company, offers his view: “Japanese economy was under pressure in 2020 and 2021 due to the COVID-19 pandemic induced supply constraints across industries. However, with […]
End of subsidies pose threat to small EV players in China, observes GlobalData
China plans to phase out subsidies for electric vehicles (EVs) by 30% by the end of 2022 and completely eliminate them starting from January 2023. At a time when EV demand is dampening due to the COVID-19 pandemic, eliminating subsidies will create trouble for the small market players, says GlobalData, a leading data and analytics […]
Toyota witnesses strong growth in China in 2021 owing to accessible supply chain, finds GlobalData
Following the news that Japan’s Toyota Motors dethrones other Japanese automakers in 2021 vehicle sales in China; Bakar Sadik Agwan, Senior Automotive Consulting Analyst at GlobalData, a leading data and analytics company, offers his view: “Toyota’s new vehicle sales in China reaching a record high of 1.94 million units, up 8.2% from 2020, is attributed […]
Sony Group looks to materialize its EV efforts in 2022, says GlobalData
Following the news that Japan’s electronics giant Sony Group Corporation plans to launch a mobility company this year; Bakar Sadik Agwan, Senior Automotive Consulting Analyst at GlobalData, a leading data and analytics company, offers his view: “Sony Group Corporation’s entry into mobility sector follows the recent official unveil of second concept electric vehicle (EV) SUV […]
Level 4 framework will bolster Japan position in global autonomous vehicle market, says GlobalData
Following the news that Japan’s National Police Agency aims to create legal framework for level 4 self-driving cars within limited areas; Bakar Sadik Agwan, Senior Automotive Consulting Analyst at GlobalData, a leading data and analytics company, offers his view: “Japan became the first country to approve a level 3 autonomous system for Honda Legend sedan […]
Gabriel Boric’s election as Chilean president brings another uncertain dynamic for the world’s EV battery sector, says GlobalData
Following the news that leftist Gabriel Boric has won Chile’s presidential election; Daniel Clarke, Thematic Analyst at GlobalData, a leading data and analytics company, offers his view on how Boric’s victory will impact lithium mining companies, battery makers and EV makers: “Gabriel Boric’s victory will be a cause for concern for many companies operating in […]
Ford strengthens its Asian presence with new investment in Thailand, says GlobalData
Following its business restructurings and exits from some key auto markets like India, Brazil and Russia to simplify operations, Ford Motor Company has recently announced an investment of US$900m in Thailand to strengthen its production base in the country. This development is in line with the company’s new business priorities aligned under the ‘Ford+’ strategy […]
Toyota fast-tracks EV ambitions with fresh investment, says GlobalData
Following the news that Japanese automaker Toyota commits US$70bn for electrification of its vehicles by 2030; Bakar Sadik Agwan, Senior Automotive Consulting Analyst at GlobalData, a leading data and analytics company, offers his view: “Toyota seems to be fast-tracking its electrification ambitions with additional investments to be a global leader and overtake giants such as […]
Hyundai to support electric vehicle transition in India with new product launches, says GlobalData
Following the news that South Korean automaker Hyundai announces expansion of its Battery Electric Vehicle (BEV) line-up in India by 2028; Bakar Sadik Agwan, Senior Automotive Consulting Analyst at GlobalData, a leading data and analytics company, offers his view: “The announcement to launch six BEVs by 2028 across multiple segments showcases Hyundai’s commitment to the […]
Asian ride-hailing companies expanding from ‘only shared’ to ‘personal’ with electric mobility, says GlobalData
With the fight against climate change intensifying the electrification race in Asia and the electric vehicle (EV) industry witnessing major transitions, new technology companies and shared mobility players have been entering the market in recent times. Some of the leading shared mobility Asian players are now expanding their business from ‘only shared’ to ‘personal’ mobility […]
Suzuki’s push to make all minicars connected will increase competitiveness in key Asia-Pacific markets, says GlobalData
Following the news that Japanese automaker Suzuki Motor aims to make all minicars connected by 2025; Bakar Sadik Agwan, Senior Automotive Consulting Analyst at GlobalData, a leading data and analytics company, offers his view: “With the announcement, Suzuki is expediting its transition towards key global megatrends in the automotive industry, which includes Connected, Autonomous, Shared […]
Volkswagen’s internal dispute will decide strategy and fate of CEO, says GlobalData
Following news that Volkswagen Group’s Supervisory Board has failed to decide on the future of CEO Dr. Herbert Diess; David Leggett, Automotive Analyst at GlobalData, a leading data and analytics company, offers his view: “A forceful debate for stakeholders at VW Group over strategy is nothing new. VW’s history is peppered with politically charged rows […]
Energy Absolute eying for EV leadership in Thailand with its new battery plant, says GlobalData
Following the news that Thailand’s renewable energy company Energy Absolute (EA) is set to open an electric vehicle (EV) battery factory in Thailand; Bakar Sadik Agwan, Senior Automotive Consulting Analyst at GlobalData, a leading data and analytics company, offers his view: “Energy Absolute has been keen on strengthening its capabilities across EV value chain and […]
Toyota bets big on hydrogen for transition to carbon-neutrality, says GlobalData
Toyota is betting big on hydrogen technology in automobiles, both through fuel-cell EVs (FCEVs) and the hydrogen-powered engines, in a bid to become a carbon-neutral company, observes GlobalData, a leading data and analytics company. Recently, Toyota, Kawasaki, Subaru, Mazda and Yamaha have collaborated for production, transportation and use of hydrogen, the carbon-neutral fuel in the […]
Baidu finds strength in AI and autonomous vehicles but must not follow China’s lack of focus in ESG, says GlobalData
Following Baidu’s Q3 2021 earnings announcement; Emilio Campa, Analyst in the Thematic Team at GlobalData, a leading data and analytics company, offers her view: “Baidu is a strong player in both artificial intelligence (AI) and autonomous vehicles themes – scoring five and five, respectively, in GlobalData’s automotive thematic scorecard. Further, these themes are integral to […]
Bezos-backed Rivian’s meteoric rise represents a fundamental change in the valuation of automotive stocks, says GlobalData
Investment banks and retail investors both understand that electric vehicles (EVs) are the future of the automotive industry The Rivian value debate demonstrates how investors can be split into two categories: those that make decisions based on recognizing future themes and those that invest based on traditional financial performance metrics Jeff Bezos, a shareholder in […]