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Automotive

New set of incentives to help Thailand achieve 50% electrification of new cars by 2035, says GlobalData

Following the news that Thailand cabinet approved a package of electric vehicle (EV) incentives for 2022 to 2025; Bakar Sadik Agwan, Senior Automotive Consulting Analyst at GlobalData, a leading data and analytics company, offers his view: “The approval of incentives, including tax cuts and incentives on imported and locally manufactured electric vehicles (EV), is in […]
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Great Wall Motors to strengthen Chinese presence in Thailand market with affordable EV sales, says GlobalData

Following the news that Chinese automaker Great Wall Motors aims to increase electric vehicle sales in Thailand with affordable products; Bakar Sadik Agwan, Senior Automotive Consulting Analyst at GlobalData, a leading data and analytics company, offers his view: “Thailand’s electric vehicle (EV) market is in a ‘creation’ phase with limited products and market players. Hence, […]
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UK car market faces big challenges in 2022, says GlobalData

Following the release of data today by the Society of Motor Manufacturers and Traders (SMMT), showing that UK car the car market in January surged by 27.5% on last year; David Leggett, Automotive Analyst at GlobalData, a leading data and analytics company, offers his view; “It’s important to note that the healthy-looking January gain is […]
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Renault Nissan Mitsubishi alliance to strengthen EV position with new investments in APAC, observes GlobalData

Renault-Nissan-Mitsubishi alliance is set to increase investments in electric vehicles (EVs) and launch 30 BEVs by 2030 across five common platforms. The investments in shared platforms and standardization of batteries across models will help the three brands to achieve economies of scale and enhance their competitive position in the global EV market. This alliance can […]
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Paul Weiss Rifkind Wharton & Garrison and Kirkland & Ellis were top M&A legal advisers by value and volume in automotive sector for 2021, finds GlobalData

Paul Weiss Rifkind Wharton & Garrison and Kirkland & Ellis were the top mergers and acquisitions (M&A) legal advisers in the automotive sector for 2021 by value and volume, respectively, according to GlobalData’s Financial Deals Database. The leading data and analytics company notes that Paul Weiss Rifkind Wharton & Garrison advised on five deals worth […]
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Bank of America and Rothschild & Co were top M&A financial advisers by value and volume in automotive sector for 2021, finds GlobalData

Bank of America and Rothschild & Co were the top mergers and acquisitions (M&A) financial advisers in the automotive sector for 2021 by value and volume, respectively, according to GlobalData’s Financial Deals Database. The leading data and analytics company notes that Bank of America advised on eight deals worth $16.4 billion, which was the highest […]
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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 […]
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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 […]
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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 […]
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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 […]
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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 […]
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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 […]
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