AsiaBusinessOutlook >> BYD to Open it's First European Electric Car Plant & Centre

The prime minister of Hungary, Viktor Orban-led government made a significant announcement on Thursday. According to the released statement, the World’s largest electric car manufacturer, BYD will open a European Centre i..., BYD to Open it's First European Electric Car Plant & Centre

AsiaBusinessOutlook >> Toyota Motors Retains Crown as World’s Top Selling Automaker

Toyota Motor sold a record 11.2 million vehicles in 2023, it said on Jan 30, taking the crown as the world's top-selling automaker for a fourth straight year. The Japanese automaker reported a 7.2% jump in global group sales last year, including t..., Toyota Motors Retains Crown as World’s Top Selling Automaker

AsiaBusinessOutlook >> Samsung & Hyundai Launch Smart Car-to-Home Service

Samsung Electronics has partnered with Hyundai Motor Group to launch a Car-to-Home service platform allowing users to manage connected home appliances using their vehicles via SmartThings platform. , Samsung & Hyundai Launch Smart Car-to-Home Service

AsiaBusinessOutlook >> VinFast Ties Up with Autobrains for Autonomous Driving Tech

VinFast and Autobrains have formed a strategic alliance to create a low-cost self-driving solution designed to enhance VinFast’s existing advanced driver assistance systems across its electric vehicle portfolio, including the VF 8 and VF 9. , VinFast Ties Up with Autobrains for Autonomous Driving Tech

AsiaBusinessOutlook >> BYD to manufacture 150,000 cars a year in Thailand

BYD, China's top electric vehicle producer, will make Thailand its first production hub in Southeast Asia, a move likely to challenge Chinese brands already in the kingdom and poised to capitalize on an expected, government-aided surge in demand..., BYD to manufacture 150,000 cars a year in Thailand

AsiaBusinessOutlook >> Chinese EV Giant BYD To Acquire Yi'an P&C Insurance Co.

BYD, the Chinese electric vehicle (EV) manufacturer, announced that it is considering acquiring Yi'an P&C Insurance Co, an insurer that was seized by Chinese regulators two years ago as part of a crackdown on financial conglomerates. Caixin, a Chi..., Chinese EV Giant BYD To Acquire Yi'an P&C Insurance Co.

AsiaBusinessOutlook >> Toyota Motors To Produce EVs Using Next Gen Tech

A statement from Toyota Motor, its new EV-focused unit BEV Factory will develop and produce battery electric vehicles (EVs) using next-generation batteries beginning in 2026. The Japanese automaker also said that it is creating a process for the m..., Toyota Motors To Produce EVs Using Next Gen Tech

AsiaBusinessOutlook >> BYD Secures Licence for Autonomous Vehicle Testing

BYD, the Chinese electric vehicle manufacturer, announced on Wednesday that it has received a conditional testing licence for level 3 (L3) autonomous driving on high-speed roads. BYD received the first such licence in China in July, according to ..., BYD Secures Licence for Autonomous Vehicle Testing

AsiaBusinessOutlook >> China's Chery Automobile Forays into UK's Car Rental Market

Chery, an automobile manufacturer, has made a stride toward entering European EV markets after its Omoda image laid out an alliance with UK vehicle rental organization Octopus Electric Vehicles. According to the UK firm, Octopus will rent out... , China's Chery Automobile Forays into UK's Car Rental Market

AsiaBusinessOutlook >> LG in Discussions to Supply Batteries To Tesla From its Arizona Factory

LG Energy Solution said on Friday that it is in "active discussions" with Tesla and other electric vehicle startups about supplying batteries from the supplier's proposed Arizona factory in the United States. LG Energy Solution, which currently su..., LG in Discussions to Supply Batteries To Tesla From its Arizona Factory