Record numbers of imported vehicles sold in 2022.

According to industry sources, Friday's record-breaking number of roughly 300,000 imported car sales was fuelled by pent-up demand for luxury cars during the coronavirus outbreak. In 2022, the Korea Automobile Importers and Distributors Association reported that sales of imported car brands r...

Global Refrigerated Vehicles and Cold Chain Transport Market is Projected to Reach US$ 178.87 Bn by 2030, growing at an Estimated CAGR of 14% over the Forecast Period

One of the biggest issues faced by most of the industries happens to be logistics. While logistics doesn’t seem a worry for those deal in non-perishable products, it has been haunting those manufacture or sell perishable goods. While cold storage facilities are a great help for such industr...

EU battery sector cautions against regulating lithium

Seven business organisations have written to EU MPs warning that the EU's designation of lithium as a dangerous material will slow down the energy transition and weaken Europe's position in the race for electric vehicles (EV).

The European Battery Recycling Association, the Euro...

Lithium used in batteries poses no health risks, claims industry organisations

According to seven business organisations, there is insufficient scientific support for the European Union to classify lithium, a component of electric vehicle batteries, as a hazardous substance.

Since electric vehicles are essential to achieving carbon emission reduction goals, lithiu...

Zypp Electric and Sun Mobility to deploy 10,000 electric vehicles for last mile deliver across India

Highlights

•           Sun Mobility and Zypp Electric announce their partnership

•        Both companies will deploy 10,000 vehicles across 10 cities in India

JAPAN REPORTS FALL IN NEW CAR SALES BY 11.5 PERCENT IN 2020 DUE TO PANDEMIC

Highlights –

• Japan reports fall in new car sales by 11.5 percent in 2020 due to pandemic.
• In 2020 automakers in Japan are said to have sold 4,598,615.
• Toyota Motor Corp. reported a drop by 5.8 percent in domestic sales in 2020.
...

Global Automated Guided Vehicles Market is Expected to Grow at a CAGR of 15.40% Over the Forecast Period

Industries such as manufacturing, food and beverages, transportation, etc., are rapidly moving towards the automation of processes for reducing working expenditure. Automated guided vehicles are autonomous vehicles which are either battery or electricity-based. They are integrated with several co...

Hydrogen Fuel Cell Vehicles Market is expected to grow at CAGR 15.8% by 2028 owing to Growing Demand for Vehicles across Personal and Commercial Users, says Absolute Markets Insights

Governing authorities across the world have been working towards the improvement of environmental conditions for the people residing in their operating regions. They are trying to limit the activities that lead to adverse effects on the environment. The emissions from transportation, personal or ...

EUROPE: ELECTRIC VEHICLE SALES TO TRIPLE THE MARKET SHARE AMID CORONA VIRUS PANDEMIC

Highlights:

• The sales of the electric vehicles will be tripling the market share in Europe amid the novel corona virus pandemic
• The NGO for Transport and Environment or T&E have urged the European Union for applying tough measures for the pollutin...

TESLA TO MANUFACTURE EV BATTERIES HARMING KOREAN RIVALS INTEREST

• Electric vehicle spearheaderTesla is privy to making its own batteries, as they account for more than 40 percent of auto parts.
• Its desire for making these batteries became official after Joerg Steinbach, economy minister for the state of Brandenburg in Germany, confirmed that ...

HYUNDAI REVOLUTIONISES AUTOMOTIVE MOBILITY ONBOARDING AI AND BIG DATA

• It was a comprehensible future only to be redrawn by the COVID-19 pandemic.
• South Korea’s inimitable manufacturing stalwarts that have strived hard for the country’s economy to be where it is now.

Ever since the dusty days of Korean War (1950-53) a...

CAR SALES IN JAPAN FALL BY 13.7 PERCENT IN JULY DUE TO PANDEMIC

Highlights –

• Car sales in Japan fell by 13.7 percent in July due to pandemic.
• Domestic sales including mini-vehicles totaled to 396,346 units.
• Sales of cars, trucks, and buses dropped by 20.4 percent in July.
• Nissan Motor ...

RENAULT AIMING FOR POLE POSITION WITH ELECTRIC MODELS

In the world’s largest automobile market vis a vis China, Renault has taken a deliberate stance of phasing out its gasoline models and throwing its might behind Light Commercial vehicles and electric cars.

The car maker Renault announced on Tuesday that it would sell its 50 % stak...

DETAILS OF HONDA E CITY CAR RELEASED

Highlights:

• Honda released full details and technical specifications of its new E electric car.
• Honda aims to sell several electrified vehicles by 2022.
• The car, for now, will only be sold in Europe.

The new all-electric H...

High chances for the market of EVs across the world to have mixed outcomes this year

There are high chances that the markets of electric vehicles across the world will have mixed outcome in this year. Europe is expected to gain momentum, whereas China will be struggling, as revealed by the most recent research from S&P Global Platts Analytics.

In the most recent edi...

Engine protection in 2019: Hike in outsider premiums and punishments

As indicated by the new Motor Vehicles Act, which came into power from September 1, the punishment on driving a vehicle without substantial engine protection has been expanded to Rs 2,000 for the principal offense and a fine of Rs 4,000 for the second offense with the probability of being impriso...

Volkswagen reavealed their new spacious ID Space Vizzon at LA Autoshow

At the 2019 LA Auto Show, the newest addition to Volkswagen's forthcoming range of electric vehicles has just been announced, and it is an EV wagon called ID Space Vizzion. Only shown in prototype mode, Volkswagen promises that the final production version will pull out 300 miles of EPA-estim...

Rise of autonomous vehicles to be seen soon shortly

The auto industry of the United States is a significant one and has been seeing a substantial change as the world is leaning towards making the auto sector completely autonomous and electric based and maketh shift from fossil run auto industry.

According to a new survey, 40 percent of t...

All you need to know about car insurance in India

Car insurance is as important as life insurance. You never know when your car going to get damaged and you have to bear the immense hole in your pocket out of the blue amid your Diwali expenses. The basic insurance plan has nothing to do with damage to your car but a third-party liability. In ord...

Hyundai wins litigation

To settle U.S. class action litigation and address engine-related issues Hyundai Motor Co (005380.KS) and affiliate Kia Motors Corp (000270.KS) have earmarked 900 billion won ($758 million) in the United States and South Korea.

The move marks the South Korean auto giant’s first ma...