Stellantis’ new hub to dismantle and recondition vehicles, and remanufacture EV battery

Partnerships
KINETA collaborates with Zhida to advance EV charging solutions in Southeast Asia
Together, KINETA and Zhida establish an exclusive distributorship with the goal of distributing 3,000 EV chargers by the end of the year in Malaysia and Singapore. The partnership’s objectives are to advance environmentally friendly transportation and accelerate EV charging solutions’ broad adoption throughout Southeast Asia. Read More>>
New partnership between Geely and Nio advances battery swapping technology
The objectives of Geely and Nio are to create standards, improve technology, and work together on the development of EV models. Read More>>
MG Motor India partners with Charge Zone to strengthen EV infrastructure
MG Motor India and Charge Zone has partnered to build charging stations in strategic areas and provide MG customers with special perks. Strengthening and extending the country’s network of EV charging stations is the goal. Read More>>

Deals
General Motors awarded contract to build armored SUVs
The U.S. Department of State awards General Motors a US$ 300 Mn, ten-year contract to develop the company’s next generation of armored SUVs. The HD vehicles include cutting-edge armor that was incorporated into the initial production process to improve performance and efficiency. Read More>>
Rheinmetall plans to manufacture the Lynx IFV in Ukraine
From 2024 onwards, Rheinmetall AG intends to manufacture wheeled armored personnel carriers in addition to Lynx infantry combat vehicles in Ukraine. Early in 2024, the German conglomerate hopes to sign a contract with Ukraine. Read More>>

Centre Setup and Expansion
Stellantis inaugurates recycling centre in Turin
At its Mirafiori facility in Turin, Stellantis opened the Sustainera Circular Economy Hub, committing € 40 Mn (US$ 43 Mn) toward the remanufacturing of motors, gearboxes, and electric vehicle batteries. The plant specializes in part recycling, part repurposing, and end-of-life vehicle disassembly. Read More>>
Hyundai’s Innovation Center in Singapore
The Hyundai Innovation Center in Singapore, with its rooftop test track, automation, and robotics for adaptable, customizable assembly, is redefining the auto industry. The center shapes the future of automobile production by placing a high priority on worker well-being, efficiency, and environmental practices. Read More>>
Tata Motors launches registered vehicle scrapping facility in Punjab
Tata Motors opened its fourth plant, a registered vehicle scrapping facility, in Punjab. An eco-friendly facility that supports sustainable futures and promotes eco-friendly activities can safely disassemble 12,000 end-of-life automobiles annually. Read More>>

Executive Movements
AMA Group Limited appoints Mathew Cooper as Group Chief Executive Officer
AMA Group Limited appointed Mathew Cooper as Group CEO. With extensive experience, including senior roles at Bapcor Limited, Amcor, General Motors, Metcash, and Deloitte, Cooper previously served as AMA Group COO, contributing to key safety and people initiatives. Read More>>
Henniges Automotive officially names Linda Hellebuyck as Chief Financial Officer
Henniges Automotive officially named Linda Hellebuyck as Chief Financial Officer. With over 30 years of finance experience, including 25 years in the automotive industry, Hellebuyck previously served as Corporate Controller at Henniges before her interim CFO role. Read More>>

New Product Development and Product Launch
Toyota showcases the next-generation electric vehicles
At the Kenshiki Forum, Toyota presents the FT-3e concept, a demonstration of their cutting-edge next-generation battery-electric vehicle design. With its efficient and long-range design, it bridges the gap between the automobile and society, showcasing cutting-edge innovations in electric transportation and representing technologies of the future. Read More>>
Honda plans to launch electric SUV in India as part of ambitious yearly SUV strategy
Honda will introduce its Elevate SUV’s electric version in India as part of its goal to release one SUV every year by 2030. The electric version is expected to have a 400-kilometer range, unique design improvements, and cutting-edge technologies. Read More>>

• Mercedes-Benz focuses on offering a diverse and comprehensive product portfolio, including luxury cars, SUVs, sports cars, and electric vehicles. The wide range of models caters to various customer preferences and market segments. 
• Mercedes-Benz’s Mercedes-Benz Vans segment plans to focus more strongly on the growing premium segments in the most profitable sectors and to enter attractive segments by offering additional products at the upper end of the portfolio. 
• Mercedes-Benz’s focus on digitalization and automated driving led to a significant increase in expenditure on research and development compared to the previous year.

• Mercedes-Benz vehicles come equipped with advanced technology and features. However, the complexity of these systems may lead to a steeper learning curve for both drivers and service technicians. It can also result in potential maintenance challenges and higher repair costs. 
• While Mercedes-Benz is generally known for its quality, there have been occasional reports of quality-related issues, which may impact the brand’s overall perception. Maintaining and improving quality standards is crucial for retaining customer trust. 
• The ever-growing threat of cybercrime and the spread of aggressive, malicious code brings risks that can affect the availability, integrity, and confidentiality of the information and IT-supported operating resources.

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