Developments in Electric Vehicles and Smart Infrastructure Initiatives
Dear readers,
China has been strengthening its transport infrastructure over the last 75 years, culminating in the recent launch of a 258-kilometer intercity railway connecting key cities in the Guangdong-Hong Kong-Macao Greater Bay Area. This progress marks the evolution from an underdeveloped transport sector to one with extensive connectivity.
Chongqing is embracing digital governance through initiatives such as the Western Digital Exchange Center, transforming data into valuable assets. These efforts enhance urban management and boost economic and social growth, signalling the city's shift towards a smart city model.
Nio has expanded into the Middle East and North Africa by setting up a smart driving R&D center in Abu Dhabi. Partnering with CYVN Investments, Nio aims to co-develop a vehicle model suited to the region, with deliveries beginning soon and plans for a comprehensive service system.
General Motors will address investor concerns during its capital markets day in Tennessee, focussing on electric vehicles, the autonomous vehicle unit Cruise, and its restructuring strategy in China. The company is working to meet Wall Street expectations amid market challenges.
The European Union's decision to impose anti-subsidy tariffs on Chinese electric vehicles has created tensions, as some member states, including Germany, oppose the move. The final ruling is expected at the end of October, with potential implications for EU-China trade relations.
Omani officials have invited Chinese companies to participate in urban planning projects, highlighting China's technological prowess and commitment to sustainable development in urban infrastructure.
Jürgen Germeys
China
Xinhua | English | News
Since the establishment of the People's Republic of China, the nation has prioritised a robust transport network to enhance connectivity. Recently, China launched two railway sections in the Guangdong-Hong Kong-Macao Greater Bay Area, establishing a 258-kilometer intercity railway route connecting major cities like Huizhou, Dongguan, Guangzhou, Foshan, and Zhaoqing. Over the past 75 years, the transport sector has transformed from underdeveloped infrastructure to a comprehensive system with extensive connectivity.
“数治”托举重庆智慧城市建设
China Daily | Local Language | News
Chongqing is undergoing significant digital transformation, highlighted by initiatives like the Western Digital Exchange Center, which turns data into assets, and digital workshops to enhance corporate efficiency. Residents now have access to a digital platform for managing employment and housing, modernizing urban governance and fueling the digital economy. Observations from a recent research tour indicate that "digital governance" is driving economic and social growth in this megacity.
Yicai Global | English | News
Nio is expanding into the Middle East and North Africa by establishing a research and development center in Abu Dhabi. In partnership with its largest shareholder, CYVN Investments RSC, Nio aims to co-develop a new car model tailored for the local market, with deliveries in the UAE set to begin this quarter. The company plans to create a joint venture named Nio Middle East and North Africa to develop a comprehensive service system for its vehicles in the region.
CNBC | English | News
General Motors will address investor concerns at its capital markets day in Spring Hill, Tennessee, amid challenges like slowing consumer demand and shifting market dynamics. Investors will focus on GM's strategies for electric vehicles (EVs), hybrids, the Cruise autonomous vehicle unit, and restructuring efforts in China. CEO Mary Barra aims to showcase GM's capability to exceed Wall Street expectations despite these obstacles.
欧盟决议征收中国电动车反补贴关税，中欧将继续谈判
Caijing | Local Language | News
The European Union plans to impose anti-subsidy tariffs on Chinese electric vehicles, potentially raising the total tariff rate to 45%. This move is contentious, facing opposition from five member states, including Germany. A vote on October 4 showed 10 countries in favour, 5 against, and 12 abstaining, with the final ruling expected on October 30.
Peoples Daily | English | News
Omani Minister of Housing and Urban Planning Khalfan Al Shueili has invited Chinese companies to participate in urban planning projects in Oman, citing China's impressive capabilities and commitment to technological advancements and environmental protection.
India
Deccan Herald | English | News
Olectra has secured the lowest bid to supply 327 electric buses to the Himachal Road Transport Corporation (HRTC), which is poised to finalize the order soon. This decision aims to quickly address the transportation needs of citizens and follows the successful launch of an electric bus service in September 2017 along the Manali-Rohtang highway.
Hindu Business Line | English | News
Ola Electric Mobility Limited has received a show cause notice from the Central Consumer Protection Authority (CCPA) for alleged violations of consumer rights, misleading advertisements, and unfair trade practices. As of 10:10 am today, the company's shares were trading at 89.05, down by 1.77 or 1.95 percent on the NSE, following an approximate 8.88 percent drop in stock price the previous day. The company has 15 days to respond to the notice and has committed to providing the necessary documentation within this period.
Indonesia
Ingin Bogor Happy, Shendi-Melli Bakal Prioritaskan Pembangunan Sistem Transportasi
JPNN | Local Language | News
Candidate pair Shendi Ferdiansyah and Melli Darsa are committed to addressing key challenges in Bogor, such as poverty, unemployment, education, housing, and traffic congestion. Melli Darsa highlights the value of community insights in shaping effective programs, with a vision for a "Bogor Happy." Their initiatives were presented during a meeting with the Golkar Party Women's Unity (KPPG) in Bogor City.
Japan
米ＥＶルーシッド、第3四半期納車台数は予想超え
Yahoo Finance | Local Language | News
Lucid, a US electric vehicle manufacturer, delivered 2,781 vehicles in Q3 2024, exceeding the forecast of 2,242. Despite a broader slowdown in EV demand due to high interest rates and competition from hybrids, Lucid's price reductions and improved loan terms have effectively driven consumer interest.
自動運転バス「レベル2」再び実証へ 和歌山市が来年1月末から
The Sankei News | Local Language | News
Wakayama City is developing an autonomous bus to address driver shortages in public transportation and provide alternatives for tourists. A Level 2 demonstration will occur from January 29 to February 7, featuring a driver who will alternate between autonomous and manual control. This is the second demonstration, following a shorter one in February that lacked turns.
冷蔵食品の輸送効率化へ、明治や丸大などメーカー９社が研究会設置
Yomiuri Shimbun | Local Language | News
Nine major chilled food manufacturers, including Meiji and Itoham Yonekyu Holdings, have formed a study group to improve logistics efficiency for refrigerated products such as ham, milk, and yogurt. This initiative, announced recently, aims to tackle logistical challenges, particularly the anticipated "2024 problem," which signals a shortage of truck drivers. The group also emphasizes the need for innovative solutions, alongside increased investment in logistics facilities, due to rising urban demand.
Pakistan
Business Recorder | English | News
Regal Automobiles has obtained a licence from Pakistan's Engineering Development Board to locally assemble the country's first electric SUV, the Seres 3. This model will be available in two variants: the Seres 3 (3.5) with a 49kWh battery and the Seres 3 (4.0) featuring a 54kWh battery, both accommodating five passengers. The starting price is set at Rs8,399,000, with early pre-booking offering the larger battery variant.
Singapore
벤츠코리아 "청라 전기차 화재 매우 죄송…합당한 책임질 것"
ZD Net Korea | Local Language | News
On the afternoon of the 7th, Matthias Weitl, President of Mercedes-Benz Korea, addressed the National Assembly's Land, Infrastructure and Transport Committee regarding the EQE electric car fire in Cheongna, Incheon. He expressed regret over the incident and committed to taking responsibility after the investigation. Weitl clarified that while the EQE was reported to use CATL battery cells, most models actually feature Farasis battery cells.
Korea Herald | English | News
Hyundai Motor Group has begun early-stage electric vehicle production at its Metaplant America facility near Savannah, Georgia. A private event celebrated this milestone last week, although the plant remains under development with full operations expected by early 2025. Hyundai announced the $7.6 billion project in April 2022, breaking ground in October.
두코이브이-미래자동차인재개발원, 전기차 충전인프라산업 활성화 양해각서
Joongang Ilbo | Local Language | News
On October 4, an MOU was signed between Heo Jeong-cheol, Director of the Future Automobile Human Resources Development Institute, and Kang Chang-dong, CEO of Dukoiv, to enhance the electric vehicle charging infrastructure amid rising safety concerns related to charging incidents. The South Korean government aims to support 4.2 million electric vehicles and over 1.23 million charging stations by 2030, emphasizing the need for effective charger management.
Recommended by LinkedIn
Korea Times | English | News
LG Energy Solution Ltd. (LGES) reported a 39% drop in third-quarter operating profit, totaling 448.3 billion won ($332 million), down from 731.2 billion won last year. The company attributes this decline to reduced electric vehicle (EV) sales, as the global EV market faces stagnation, known as the "chasm" phase before wider adoption.
Yonhap | English | News
LG Energy Solution Ltd. (LGES) reported a 39% drop in third-quarter operating profit, falling to 448.3 billion won (approx. US$332 million) from 731.2 billion won last year. This decline is primarily due to decreased electric vehicle (EV) sales as the market experiences a stagnation phase.
'올해 20% 성장' 전기차 시장, 중국만 고속질주
ZD Net Korea | Local Language | News
The global electric vehicle market is expected to grow by 20% this year, driven primarily by China's strong performance. Data shows approximately 10 million electric vehicles were registered worldwide from January to August, up 20.1% year-on-year. BYD led sales with 2.205 million units, a 27.9% increase, thanks to robust demand for battery electric and plug-in hybrid vehicles, especially the Song and Qin models.
Korea Times | English | News
Mercedes-Benz Korea CEO Mathias Vaitl apologised for a fire involving the EQE electric sedan, which destroyed 87 vehicles and damaged an apartment complex in Incheon. Acknowledging the incident's impact, Vaitl pledged support for those affected.
The fire has sparked national concern over electric vehicle safety as investigations continue into its cause. Early findings from the National Forensic Service indicate a possible origin in a damaged battery cell supplied by China's Farasis Energy. To aid affected residents, Vaitl announced a donation of 4.5 billion won ($3.34 million) and offered a year of free rental for an E-Class sedan.
Taiwan
【鴻海科技日】新電動車Model D、Model U亮相！還加碼展出Model A
[Hon Hai Technology Day] New electric vehicles Model D and Model U unveiled! Exhibiting more Model A
Yahoo Finance | Local Language | News
Hon Hai Technology Day revealed new electric vehicles: Model D, an MPV, and Model U, a 20-seater minibus, alongside a surprise introduction of the smaller Model A. The event highlighted significant advancements in Hon Hai's electric vehicle technology.
電動車市場出現轉折 劉揚偉：與鴻海原先預期接近
United Daily News | Local Language | News
Hon Hai Technology introduced two new electric vehicle models, Model D and Model U, on August 8th, as the electric vehicle market evolves. Chairman Liu Yangwei noted that current market conditions align with Hon Hai's expectations, but the sector is facing challenges, including high tariffs on Chinese electric vehicles from Europe and the U.S., which are pushing manufacturers to enhance competitiveness in speed and cost.
鴻海科技日／新電動車MODEL D、MODEL U亮相！納智捷n7 LR長程版也來了
Yahoo News Taiwan | Local Language | News
Hon Hai Technology Day unveiled two electric vehicles: the MODEL D SUV and the MODEL U bus. The MODEL D merges SUV and MPV attributes with a spacious interior, innovative suspension, and aerodynamic design, measuring 5.1 meters in length and featuring a 3.2-meter wheelbase. Its exterior was crafted in partnership with Pininfarina.
鴻海科技日大秀全新電車Model D、Model U n⁷預計2025年底北美量產
Yahoo News Taiwan | Local Language | News
Hon Hai Technology has launched two new electric vehicle models: the 7-seater Model D and the medium-sized Model U electric bus, during its Technology Day event. The company plans to mass-produce a North American version of the Model C, in partnership with a US firm, targetting a 2025 launch. This event also marks the 50th anniversary of Hon Hai and showcases its extensive electric vehicle solutions.
關潤：鴻海電動車要幾年才會壯大 全球市占5%目標不變
United Daily News | Local Language | News
Guan Run, chief electric vehicle strategy officer of Hon Hai, acknowledged that the company's late entry into the electric vehicle market means significant growth will take several years. He pointed out the global decline in EV sales and stressed the importance of cautious progress amid an uncertain business environment. Guan emphasized the need for smart investments and development.
鴻海高雄電芯廠攻儲能 與比爾蓋茲基金推新能源應用
Yahoo Finance | Local Language | News
Hon Hai Technology Day occurred on October 8, 2024, where Chairman Liu Yangwei expressed optimism for strong fourth-quarter performance. The company is prioritizing electric vehicles and energy storage through its Kaohsiung Battery Cell Factory and has partnered with Breakthrough Energy Ventures, founded by Bill Gates, to enhance new energy applications.
歐盟通過對中國電動車的關稅提案 但德國希望達成和解
The Storm Media | Local Language | News
EU member states have approved a tariff proposal to increase taxes on imported electric vehicles from China. The decision received backing from 10 member states, with 5 opposing it and 12 abstaining. Germany, whose automakers are concerned about possible trade retaliation, stood against the proposal, highlighting the potential negative impact on the European auto industry.
【鴻海科技日】GB 300進度如何、電動車市況怎麼看？劉揚偉這樣回應
Yahoo News Taiwan | Local Language | News
Hon Hai Technology Day highlighted Chairman Liu Yangwei's insights on the GB 300 electric vehicle and the evolving EV market. Liu emphasized Hon Hai's vertical integration and the importance of collaboration with manufacturers. While NVIDIA will soon provide details on the GB 300, the previously introduced GB 200 is already in mass production in Mexico, showcasing strong capacity.
壯大台灣無人機技術能量 經部與美國奧克拉荷馬州簽署MOU
Liberty Times Net | Local Language | News
The Taiwan Excellence in UAV Overseas Business Opportunities Alliance (TEDIBOA) has signed a memorandum of understanding (MOU) with the Oklahoma Defense Industry Association (ODIA) to enhance cooperation in the drone sector between Taiwan and the United States. This partnership aims to expand international sales, connect strategic partners, and establish technology and supply chain communication platforms in the UAV industry.
Caterham與Yamaha合作打造電動跑車 Project V 明年亮相
The Storm Media | Local Language | News
Caterham has partnered with Yamaha to develop the Project V electric sports car, showcasing Yamaha's power system first revealed at the Goodwood Speed Festival in 2023. The Project V will incorporate Yamaha's "e-axle," with a prototype set for completion by mid-2025. CEO Bob Laishley emphasized that advancements in electric motor technology will be pivotal to the car's development.
Vietnam
Việt Nam sẵn sàng đón nhận và tận dụng kỷ nguyên của kinh tế thông minh
VTV News | Local Language | News
On October 7, Tran Luu Quang, Head of the Central Economic Committee, met with Klaus Schwab, Founder and Executive Chairman of the World Economic Forum. Quang welcomed Schwab's insights on navigating the upcoming era of Vietnam's rise, while expressing appreciation for his contributions to the country.
Châu Âu áp thuế lên tới 45% xe điện Trung Quốc
VTV News | Local Language | News
The European Union is implementing significant tariffs on Chinese electric vehicles (EVs), with rates reaching up to 45%. This decision, supported by most EU member states, is set to take effect on October 31 unless a resolution is reached. Tariff specifics include 17% for BYD, 18.8% for Geely, and 35.3% for SAIC. Western manufacturers like Volkswagen and BMW will incur a 20.7% tax, while Tesla faces a 7.8% tariff in addition to its existing 10%.
Thủ tướng: Việt Nam tự tin, bản lĩnh bước vào kỷ nguyên thông minh
VTV News | Local Language | News
On October 7, Prime Minister Pham Minh Chinh and Professor Klaus Schwab, Founder and Chairman of the World Economic Forum, engaged in a dialogue at Hanoi National University. The discussion centered on "Positioning Vietnam in the smart era - Vision for the young generation," addressing the defining trends, opportunities, and challenges Vietnam faces in this new developmental landscape.
Vietnam Net - E | English | News
At Vietnam National University, WEF Executive Chairman Klaus Schwab emphasised the vital role of youth in shaping Vietnam's future. He highlighted the importance of human factors alongside technology, urging students to acquire relevant skills for a rapidly changing world.
Prime Minister Chinh affirmed Vietnam's commitment to prioritising its people in development, balancing economic growth with social and environmental considerations. He stressed the importance of multilateralism and international cooperation to tackle challenges like the technology gap, infrastructure deficits, and climate change.