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China’s Dominance in Automotive Sales and EV Growth China leads the light vehicle market: 31.8% As a powerhouse in the global automotive industry, China is transforming vehicle innovation, electrification, and connectivity. The country’s automotive sales nearly double that of the United States, marking an impressive 11.2%
This week’s discussion with Ministers and major automotive manufacturers about the EV transition was an important reminder of the industry’s support for UK economic growth and decarbonisation. That position could be undermined, however, if regulation forces supply without measures to stimulate demand.
The Australian automotive aftermarket, now in a mature phase, is on a trajectory for significant growth through 2030. The increase in total vehicles in operation (VIOs), coupled with the increasing proportion of aging vehicles, is set to generate robust demand for automotive parts and services. from 2023 to 2030. from 2023 to 2030.
Cofinity-X will help to make important progress with the operationalization and build-up of end-to-end data-chains to trace material flows throughout the entire valuechain. Traceability applications can give the possibility to display the entire valuechain and help to find ways to increase supply-chain resilience.
The Bharat Mobility Global Expo 2025, held from January 17 to January 22, 2025, in New Delhi , marked a pivotal moment for Indias automotive industry, reinforcing the countrys commitment to electrification, sustainable mobility, and smart vehicle technologies. Is your company prepared to survive and thrive through the coming transformation?
A variety of industries — automotive, healthcare, food and beverages, and beyond — are leveraging innovative eco-friendly manufacturing solutions by harnessing sustainable materials.
The two companies will conduct joint research and development (R&D) activities in AR-powered smart factory operations, immersive digital experience for frontline workers, and AI support for a future automotive factory. Overall, the partnership will drive increased productivity, accuracy, speed, and safety of frontline production workers.
The UKs automotive industry is inherently global, touching every continent as an export sector. It remains Britains largest exporter of goods by value, with many of the products developed here the result of massive investment from overseas businesses.
Next Generation Manufacturing Canada (NGen) announced $35 million in funding and launched a new call for project proposals targeting the entire valuechain of road-based battery and fuel-cell electric vehicles and their respective systems and components.
Saudi Arabia remains the largest market within the GCC for new and used CVs as well as automotive parts. It is also the leading importer of automotive products from the United States, with a notable portion re-exported to other nations. Meanwhile, the regions economic diversification strategies are stimulating CV demand.
Conventional engine, transmission, and affiliated components will represent immediate high-growth opportunities in the automotive aftermarket, while the transition to vehicle electrification will drive investments in electric vehicle (EV) related remanufacturing.
By Benson Augustine, Senior Industry Analyst, Aftermarket & Digital Retail – Mobility Rematec, a leading trade show for stakeholders in the automotive remanufacturing ecosystem, was held in Amsterdam in June this year, after a four-year hiatus.
In 2022, Chinese manufacturers sold over twice as many EVs as their European and US counterparts combined, while also holding a competitive edge in nearly all aspects of the EV valuechain. But increased investment in next-generation battery technologies could help to keep Europe’s automotive sector competitive with other markets.
Mitsubishi Electric is showcasing how its automation technologies can drive the entire electric vehicle valuechain forward at the North East Automotive Expo 2022, taking place on 29th September 2022. About Mitsubishi Electric. 1, the approximate rate on the Tokyo Foreign Exchange Market on March 31, 2022. Today Magazine.
It was back to business-as-usual at Automechanika Frankfurt , the largest trade fair for stakeholders across the automotive aftermarket valuechain. The trade fair comes at a time of enormous change for the automotive market. The event made a welcome return as an in-person event following a short gap. Top Takeaways.
Leveraging multiple companies within the group, including Linde LienHwa, Mitac, and Getac, the Lien Hwa group is strategically positioning itself in the hydrogen mobility valuechain, spanning hydrogen generation and supply, fuel cell stack manufacturing, system integration, vehicle assembly, and aftersales service.
The shift towards digitalization in vehicles is giving rise to an increasingly transformative automotive landscape. Finally, the importance of cybersecurity automotive solutions cannot be overstated, given the vulnerability of software-oriented vehicles to security threats.
The automotive industry is experiencing a major shift with the rise of electric vehicles (EVs) and connected cars. This evolution spans regions like China, Southeast Asia, and Latin America, each contributing uniquely to the global mobility valuechain.
The automotive industry is experiencing a major shift with the rise of electric vehicles (EVs) and connected cars. This evolution spans regions like China, Southeast Asia, and Latin America, each contributing uniquely to the global mobility valuechain.
Frost & Sullivan’s recent analysis finds that the widespread adoption of Society of Automotive Engineers (SAE) Level 2 (L2) and above autonomous features pushes OEMs to collaborate with multiple technology participants and start-ups to enable autonomous vehicle evolutions.
Qualcomm’s Snapdragon Digital Chassis has recently made significant inroads into the automotive industry, most prominently in the Renault Megane E-tech and Austral. Opportunities and new valuechain in SDV. Critically, SDVs will usher in tectonic shifts across the automotivevaluechain.
By Benson Augustine, Program Manager – Mobility The global automotive aftermarket is witnessing a paradigm shift as circular economy initiatives gain momentum. Revenues of the global remanufactured automotive components market are projected to rise from $27 billion in 2022 to $42 billion by 2030.
The “Apple” car intended to mark the tech giant’s big, splashy entry into the automotive industry will now debut only in 2026, with initial plans to equip it with fully autonomous driving capabilities abandoned for a simpler self-driving system. Our Perspective.
We look forward to facilitating REE’s growth and technological advancement by expertly managing its supply chain and utilizing our world-class engineering and manufacturing capabilities to drive commercialization and industrialization. About REE Automotive REE Automotive Ltd. To learn more visit www.ree.auto.
The latest product in Stellantis’ SUSTAINera European REMAN range underscores the automotive industry’s commitment to circular economy practices. Commitment to Decarbonization and Circular Economy Decarbonization remains a top priority in the automotive sector.
The latest product in Stellantis’ SUSTAINera European REMAN range underscores the automotive industry’s commitment to circular economy practices. Commitment to Decarbonization and Circular Economy Decarbonization remains a top priority in the automotive sector.
The latest product in Stellantis’ SUSTAINera European REMAN range underscores the automotive industry’s commitment to circular economy practices. Commitment to Decarbonization and Circular Economy Decarbonization remains a top priority in the automotive sector.
Overarching both has been the need to foster economic and environment-friendly approaches across the valuechain that promote resource optimization, materials reuse, residual value protection, and extended lifetime. In short, it will underpin comprehensive, long-term sustainability across the xEV environment.
The ASI Certification program was developed through an extensive multi-stakeholder consultation process and is the only comprehensive voluntary sustainability standard initiative for the aluminium valuechain. The aim of the voluntary program is to address pressing sustainability issues in the aluminium valuechain.
trends disrupt the automotive industry, vehicles are increasingly becoming defined by software. Curated sessions will assess the business and technical implications of the automotive industry’s transition from “steels and wheels” to software and services. As connectivity, autonomous, shared, and electric (C.A.S.E.)
Disruptive Technologies Elevating Machine Vision with AI-Powered Quality Control AI-driven machine vision is revolutionizing quality control, detecting microscopic defects with unmatched precision across automotive, electronics, and pharmaceutical industries.
In July 2021, the German Association of the Automotive Industry, known as Verband der Automobilindustrie (VDA), cut its forecast for production growth from 13 percent to 3 percent, citing supply-chain disruptions, including a shortage of semiconductors. billion pounds ($3.30 Euros) to costs. billion pounds ($3.30 Euros) to costs.
As the automotive industry evolves, so is the need for advanced diagnostic solutions that keep pace with increasingly complex vehicles. Diagnostics-as-a-Service (DaaS) has emerged as a groundbreaking business model offering significant benefits for automotive workshops, dealerships, and collision centers worldwide. billion by 2030.
Two recent acquisitions – Niterra EMEA GmbH’s of WhoCanFixMyCar.com and Stellantis South America’s of Norauto Argentina – underpin the growing focus of original equipment manufacturers (OEMs) and original equipment suppliers (OESs) on the automotive downstream channel. billion by 2028.
NGen announces new $35M fund for EV projects HAMILTON — Next Generation Manufacturing Canada (NGen), has launched a new call for project proposals targeting the entire valuechain of road-based battery and fuel-cell electric vehicles and their respective systems and components.
Compression of ValueChains Optimizing Supply Chains with AI Precision Dismantling the unpredictability of global supply chains with AI-driven supply chain management , demand forecasting AI, and logistics automation.
The automotive industry is undergoing a period of mass transformation that has never been seen before, with many challenges to face. For AI to have a much greater impact on the automotive industry in many areas beyond autonomous driving, it must become more accessible. By Dr. Jose Pereira, Director at Frost & Sullivan.
Only 17 per cent of listed companies have published a climate target that, if achieved, would align carbon emissions across the company’s total valuechain with the ambitious 1.5°C C goal of the Paris Agreement. However, this is still an improvement on earlier figures and is up 10 percentage points over the same period.
Data security and privacy remain major concerns as automakers move to embrace ChatGPT across the automotivevaluechain. Generative AI-powered Large Language Models (LLM), most prominently ChatGPT, are disrupting the automotive industry. Where will it be used?
After a subdued, pandemic-affected 2020, the global automotive aftermarket bounced back in 2021. Digitization initiatives are being incorporated across the valuechain, from ordering parts to delivery and service fulfillment. Trends indicate that the market will continue to maintain its forward momentum in 2022. over 2021-2022.
STUTTGART and TORONTO — Mercedes-Benz is partnering with the Ontario Vehicle Innovation Network (OVIN), the Government of Ontario’s flagship initiative for the automotive and mobility sector. The aim of the MoU is to strengthen cooperation across the electric vehicle valuechain.
Highlights of flagship automotive aftermarket trade event include more than 500 exhibitors, 1000 brands,1500 product categories, and strong domestic, regional, and international representation amidst focus on mobility ecosystem development and growth acceleration. lakh registered visitors. Roger Motors Pvt Ltd., and many, many more.
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