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Southeast Asia market will become a competitive place for Chinese and Japanese car companies

Setec Powerr

Europe, the birthplace of the automobile industry, to North America across the Pacific Ocean, has always been the top stage that Chinese car companies hope to step on. However, the Southeast Asian market at home has recently become a new target for many car companies. What is the mystery behind it?.

Asia 97
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Innoviz solid-state lidar selected by Shaanxi Heavy Duty Automobile Co. for autonomous truck project at Chinese port

Green Car Congress

Innoviz Technologies, a leading provider of high-performance, solid-state lidar sensors and perception software, announced cooperation with Shaanxi Heavy Duty Automobile Co. Shaanxi Heavy Duty Automobile Co. The company is also one of the leaders in China in the field of autonomous driving research and development.

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Tier 1 Musashi invests in solid-state battery company KeraCel; long-term partnership

Green Car Congress

Tier 1 Musashi invests in solid-state battery company KeraCel; long-term partnership. In addition, the solid ceramic electrolyte thickness directly impacts the battery’s internal resistance and thus limits charge and discharge rates. Musashi is a global auto parts Tier 1 company for automobiles and motorcycles.

Companies 230
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Scuderi Group expands operations to Asia

Green Car Congress

The Japan office will operate as the Asian headquarters for the Scuderi Group, which is accelerating its efforts to meet the growing demand in the region for more advanced internal combustion engines. According to the Greater Nagoya Initiative Center, the area produces 44% of the country’s automobiles.

Asia 186
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BYD overtakes Honda & Nissan as the 7th largest automaker

Teslarati

The Chinese automaker’s international sales contributed heavily to its quarterly success. According to Nikkei Asia , BYD tripled its overseas vehicle sales in the year by 105,000 units. BYD’s domestic sales have also significantly contributed to the company’s rise. million vehicles sold in Q2 2024.

BYD 111
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Hyundai Kona EV to start operations in Indonesia

Teslarati

The Hyundai Kona electric vehicle (EV) will kick start the company’s battery factory operations in Indonesia. The South Korean automaker will reportedly launch its all-new Hyundai Kona EV at the 2024 Gaikindo Indonesia International Auto Show (GIIAS). The auto show will run from July 18 to 28, 2024 at ICE-BSD City, Tangerang Regency.

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StreetScooter to form JV with Chery for electric light utility vehicles

Green Car Congress

StreetScooter GmbH, a subsidiary of Deutsche Post and market leader for electric light commercial vehicles (eLCV), has signed a memorandum of understanding (MoU) with the Chinese automobile manufacturer Chery Holding Group (Chery) establishing a joint venture between the two companies. Total investment could be up to €500 million.

Chery 236