Autonomous driving is currently not a priority for Chinese EV buyers, so Tesla’s FSD is unlikely to shake up the industry because local rivals have started to offer similar technologies, according to Ming Lee, head of Greater China Autos Research at BofA Global Research, on the sidelines of the Innovative China Conference in Shenzhen on … Read more
India’s rapidly growing auto market is poised to hit a milestone, with projections indicating it will reach USD 300 billion by 2026. This growth is fueled by various factors, including rising income levels, urbanization, and a burgeoning middle class with increasing purchasing power.In March 2024, the Indian auto industry produced a total of 2,325,959 units, … Read more
Home Car And Bike Xiaomi’s First Electric Car Su7 To Be Launched On March 28 In Three Variants The SU7 will be available in 245/45 R19 and 245/40 R20 tire options along with 19 and 20-inch alloy wheels. (Image: X/@leijun) Xiaomi Su7: The reports from the auto market suggest that the Chinese tech company Xiaomi … Read more
Home Car And Bike Chinese Automakers Win Drivers’ Hearts As Electric Vehicles Make Inroads Into European Market Chinese automakers account for only about 3 per cent of Western Europe’s overall car market but 8.4 per cent of the EV market, up from 6.2 per cent last year and almost nothing in 2019, according to Schmidt’s … Read more
South Korean automaker Kia is looking to expand production, sales network and its product range in India next year as part of an “aggressive business” plan to counter enhanced competition in the market, a top company official said on Thursday. The automaker, which on Thursday globally premiered the latest version of its compact SUV Sonet, … Read more
