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Partnerships
Hyundai Motor India partners with True Assistive Technology to improve mobility for the differently-abled
Hyundai Motor India collaborated with True Assistive Technology to develop novel vehicle seat solutions, improving the travel experience for people with mobility issues. Hyundai’s Samarth mobility project reaffirms the company’s commitment to inclusivity and accessibility, resulting in a more equitable society. Read More>>
DRB-Hicom and Geely Holding sign joint venture agreement
DRB-Hicom and Geely Holdings’ joint venture focused on establishing Malaysia’s Automotive Hi-Tech Valley. The collaboration intends to make AHTV a global hub for next-generation vehicles, including automotive and mobility solutions. Read More>>
General Motors to produce zero-emission commercial vehicles
General Motors and Autocar Industries collaborated to build zero-emission commercial cars powered by GM HydroTEC power cubes. The alliance intends to provide environmentally friendly solutions to consumers while also meeting EPA criteria for zero-tailpipe emissions cars in the trucking business. Read More>>
Deals
Council OKs contract to install electric vehicle charging station
The Brentwood City Council has accepted a five-year contract with EOS Linx to establish an electric vehicle charging station. The US$430,455 arrangement comprises installation costs and services, with TVA and EOS reimbursements, while EOS controls EV station maintenance and servicing. Read More>>
Canoo contracts with Prime Time Shuttle for up to 550 electric vehicles
Canoo Inc. has agreed to deliver up to 550 electric vehicles to Prime Time Shuttle, with a concentration on the Lifestyle Vehicle Premium type. This transaction intends to provide clients with unique experiences while also contributing to Canoo’s purpose of improving electric vehicles for a zero-carbon future. Read More>>
Executive Movements
Geely welcomes Naoyuki Takeda as President and CEO
Naoyuki Takeda, who has vast experience in the Philippine automobile business, has been appointed President and CEO of Sojitz G Auto Philippines. His appointment marks a watershed moment in SGAP’s strategic expansion. Read More>>
Hino Australia announces new President and CEO
Hino Australia’s new President and CEO will be Richard Emery. Emery, who has over three decades of worldwide automotive and trucking industry experience, hopes to build on Hino’s successes under Suda’s leadership at Nissan, Mercedes-Benz, and Audi. Read More>>
BMW Group Malaysia appoints Benjamin Nagel as new managing director and CEO, effective January 2024
Benjamin Nagel, the former head of sales for BMW Group South Africa, has been named the new managing director and CEO of BMW Group Malaysia. Nagel’s considerable experience coincides with BMW’s mission for innovation and performance. Read More>>
Centre Setup and Expansion
Gogoro plans to start battery swapping centers in Mumbai, Pune in 2024
In 2024, Gogoro, a Taiwanese electric scooter company, plans to open battery-swapping centers in Mumbai and Pune. This move is intended to provide a convenient and effective option for electric scooter customers in India’s fast-growing market. Read More>>
New Product Development and Product Launch
NIO set to launch new global budget EV brand
NIO plans to create Alps, a new worldwide budget-oriented electric vehicle brand aimed at the family car category. To cater to European desires, the company has unveiled plans for right-hand drive variants, which will be available in Europe beginning next year. Read More>>
Royal Enfield introduces Super Meteor 650 in Chile
In Chile, Royal Enfield debuts the Super Meteor 650, a mid-displacement cruiser with a distinct blend of character, elegance, and accessibility. The launch comprises two models, starting at US$5,999.900, that emphasize stability, maneuverability, and a strong 121-year legacy in motorcycle design. Read More>>
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