Zizeng Huang

AUTOMOTIVE INDUSTRY: KOREAN OEM HYUNDAI MOTOR COMPANY HAS RELEASED Q2 2024 RESULTS: DECLINE IN RETAIL UNIT SALES, GROWTH IN SALES REVENUE & PROFITABILITY. Q2 Retail Unit Sales: 1.034M vehicles or -3% vs Q2 2023 Q2 2024 Sales Revenue: KRW 45,021B (approximately $32.6B) or +6.6% vs Q2 2023 Q2 2024 Net Profit KRW 4,174B (approximately $3.02B) or +24.7% vs Q2 2023 Conversion Rate: $1 = KRW 1,382.82 Below is Hyundai Motor Company (현대자동차)'s Q2 results summary with more detailed analysis. We learn that EV sales were stable in Q2 at 192k units, however the HEV share grew (11.6% in Q2), while the BEV share declined (5.6% in Q2). #vehiclesales #vehicleregistrations #trucksales #ev #evs #bev #bevs #hev #hevs #phev #phevs #electricvehicle #electricvehicles #electricmobility #emobility #greenmobility #sustainablemobility #urbanmobility #smartmobility #futuremobility #newmobility #mobility #automotive #automotiveengineering #automotivetechnology #automotiveindustry #innovation #technology #emissions #emissionscontrol #emissionsreduction #zeroemissions #zev #decarbonization #Q22024 #Q22024results #outlook #2024outlook #hyundai #hyundaiusa #kia #kiamotors #kiausa #genesis

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奇瑞汽车 Chery Automobile Co.,Ltd., a Chinese EV manufacturer, being granted investment incentives by the BOARD OF INVESTMENT (#BOI) to build a factory in Rayong province, Thailand. The company's subsidiary, Omoda & Jaecoo (Thailand) Co, will operate the EV assembly facility. Chery's investment in Thailand is a result of encouragement by the BOI since 2021, with authorities meeting Chery Automobile executives in 2023. The company is a major car exporter and plans for the Rayong plant to become its export base, producing cars for the domestic market and for export to other countries within Asean, Oceania, and the Middle East. The EV production plan is divided into two phases, with annual production capacity starting at 50,000 units and increasing to 80,000 units by 2028. The Rayong plant will produce plug-in hybrid EVs (PHEVs) and battery EVs (BEVs) to serve the premium car segment. BEVs will make up 70% of the EVs manufactured in Rayong, with PHEVs comprising the remaining 30%. The BOI has granted investment incentives to 26 BEV, PHEV, and hybrid EV projects from 19 companies, with a total investment value of 80 billion baht. Other Chinese EV companies have also invested in Thailand. Omoda |JAECOO UK |奇瑞汽车 Chery Automobile Co.,Ltd.| BOARD OF INVESTMENT (#BOI) https://lnkd.in/e2Qz-dNE Follow Humans Of EV #electricmobility #evcharging #innovation #humansofev #electric #electricvehicles #electricscooter #electriccars #electricbike #ebike#zeroemissions #emobility #charginginfrastructure #escooters #cars #electricmobility #teslamotors #car #scooter #gogreen #carsofinstagram #model #ecofriendly #goelectric #evnews #electriccharging #evcharginginfrastructure #chargingstation

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AUTOMOTIVE INDUSTRY: NEW OEM VINFAST FROM VIETNAM HAS RELEASED Q1 2024 RESULTS: STRONG GROWTH IN CAR DELIVERIES & SALES REVENUE, EXPANDED -$618M NET LOSS. Q1 2024 Car Deliveries: 9,689 cars or +444% vs Q1 2023 Q1 2024 Sales Revenue: $303M or +270% vs Q1 2023 Q1 2024 Net Loss: -$618M, expanded from -$598M net loss in Q1 2023. Below is VINFAST 's Q1 results presentation with updates on their product roadmap and on their charging and distribution networks. We also learn that they have delivered 6,632 e-scooters in Q1. #ev #evs #bev #bevs #electricvehicle #electricvehicles #electricmobility #emobility #greenmobility #sustainablemobility #urbanmobility #smartmobility #futuremobility #newmobility #mobility #automotive #automotiveengineering #automotivetechnology #automotiveindustry #autosales #av #avs #autonomousvehicle #autonomousvehicles #autonomouscars #autonomousdriving #carsales #newcarsales #vehiclesales #vehicleregistrations #innovation #technology #emissions #emissionscontrol #emissionsreduction #zeroemissions #zev #decarbonization #q12024 #q12024results #outlook #2024outlook #vinfast #vietnam #newoem

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China's BYD opens EV plant in Thailand despite slowdown, tariff row BYD is China's dominant electric vehicle maker but is looking to expand overseas. China's electric vehicle giant BYD opened a factory in Thailand on Thursday, continuing its international expansion despite a market slowdown and hours before the European Union was due to impose swingeing tariffs on Chinese EV firms. ... Read more here: https://lnkd.in/d5QhY4NE . . Like 💝 Comment below ⏬ Share ✅ For More Such Updates Follow Us @qnewshub @qnewscrunch . . #qnewshub #qnewscrunch #Technology

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Vietnam - Regulation on Motor Vehicle classification by intended use. Ministry of Transport has released the draft standard for road vehicles – Motor vehicles - classification by intended use. This draft standard specifies the classification of vehicles according to purposes of use for passenger vehicle, trucks, specialized vehicle, trailers, tractors and incomplete vehicles. This draft standard is revision of TCVN 7271:2003

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Chery Automobile is the latest Chinese EV manufacturer to have been granted investment incentives by the Board of Investment (BOI) to build a factory in Rayong province. #EVAT #Change2Charge #Change2EV #BOI #transportation #infrastructure #electricvehicles #cars #power #cleanenergy #planning #electricity #development #energy #automotive #technology #thailandautoindustry #thailand4.0 #evs #evcharging #charginginfrastructure #chargingstations #evadoption #fastcharging #ASEAN #thailandnews #autoindustry #manufacturing #transport #batteries #electricvehicles #entrepreneurs #change #future #automotiveindustry #manufacturingindustry #MOU #evchargingstation #evcharge #evchargingstation #news #network #thailandnews #electricvehicles #electricvehicle #evs #students #evadoption #automotive #futuremobility #futureiselectric #universities #colleges #futurebusiness #change #event #highereducation #university #innovation #safety #engineering #opportunity #electricity #science #tech #growth #thailandbusiness Source: https://lnkd.in/e2Qz-dNE

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AUTOMOTIVE INDUSTRY: NEW OEM VINFAST FROM VIETNAM HAS RELEASED Q1 2024 RESULTS: STRONG GROWTH IN CAR DELIVERIES & SALES REVENUE, EXPANDED -$618M NET LOSS. Q1 2024 Car Deliveries: 9,689 cars or +444% vs Q1 2023 Q1 2024 Sales Revenue: $303M or +270% vs Q1 2023 Q1 2024 Net Loss: -$618M, expanded from -$598M net loss in Q1 2023. Below is VINFAST 's Q1 results presentation with updates on their product roadmap and on their charging and distribution networks. We also learn that they have delivered 6,632 e-scooters in Q1. #ev #evs #bev #bevs #electricvehicle #electricvehicles #electricmobility #emobility #greenmobility #sustainablemobility #urbanmobility #smartmobility #futuremobility #newmobility #mobility #automotive #automotiveengineering #automotivetechnology #automotiveindustry #autosales #av #avs #autonomousvehicle #autonomousvehicles #autonomouscars #autonomousdriving #carsales #newcarsales #vehiclesales #vehicleregistrations #innovation #technology #emissions #emissionscontrol #emissionsreduction #zeroemissions #zev #decarbonization #q12024 #q12024results #outlook #2024outlook #vinfast #vietnam #newoem

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[42dot gets $185m from Hyundai-Kia to boost hiring] Hyundai Motor and Kia are investing some 253 billion won ($185 million) in 42dot, the global software center within Hyundai Motor Group, to aggressively recruit top-tier talent and accelerate the group's software-defined vehicle strategy. On Tuesday, Hyundai and Kia announced through Korea's Financial Supervisory Service that their boards had approved a capital increase, with Hyundai contributing over 152 billion won and Kia adding more than 101 billion won. This investment is based on a per-share price of 129,000 won. This new injection of funds follows hefty investments adding up to around 1 trillion won since Hyundai-Kia took over 42dot in 2022. A Hyundai Motor Group official described this funding as the second phase of investment, continuing the momentum from the first phase in May last year. The software center plans to direct the new funds primarily toward talent acquisition, with over 100 job openings currently listed. Tap below to read full story. #Hyundai #Kia #42dot #job #work #labor #employees #opening #investment #capital #fund https://lnkd.in/gsQ-qhpa

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#China #Xiaomi's #EV #launch propels its market value by $7.6 billion, above #GM and #Ford! "#Shares of China's Xiaomi surged as much as 16% on Tuesday as the electronics maker's #sporty #electric #vehicle launched last week drew strong interest, though a brokerage forecast the firm would lose nearly $10,000 per car this year. Xiaomi #added about $7.6 billion to its #marketvalue as its shares touched their #highest since January 2022 on the first day of trading after the firm on Thursday launched its debut car, which #draws #styling cues from #Porsche. The #Chinese #company, which gets a majority of its $37.5 billion #revenue from being a #smartphone #vendor, now has a valuation of $55.2 billion, higher than that of traditional #US #automakers #GeneralMotors and #Ford, at $52.4 billion and $53.1 billion, respectively. #Xiaomi's #SU7 - short for Speed Ultra 7 - enters a #crowded China #EVmarket with an attention-#grabbing #price tag - under $30,000 for the #base #model, cheaper than #Tesla's #Model3 in China. Xiaomi has advised potential buyers of its #sedan that they could face #wait #times of four to seven months, a sign of #strong #interest. It said on Friday that it had received 88,898 pre-orders for the car in the first 24 hours of sales." #autonews #automotivenews #news #auto #mobility #electricvehicles #electriccars #sustainability #sustainable #evmanufacturing #evmarket

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Vinfast Auto, a Vietnamese automaker, announced on Tuesday that it has formally inked contracts with twelve new US dealers. According to a statement from VINFAST , this development is a major milestone in the company's continuing efforts to widen its distribution network and bolster its position in the top #automotive market in the globe. This will increase the overall number of VinFast dealers in the United States to eighteen, distributed throughout the following seven states: Connecticut, Kentucky, North Carolina, New York, Texas, Florida, and Kansas. It should be noted that California, the state with the greatest rate of EV adoption in the US, already has 15 VinFast service centres and stores open for #business. “Leveraging the network of stores, market experience, and capabilities of leading US #dealers, VinFast will quickly deliver high-quality, competitively priced electric vehicles to consumers, along with outstanding after-sales policies,” said David Duncan, Vice President of Sales and Marketing at VinFast US. He claims that this lays a good basis for VinFast's rapid expansion into the US market. VinFast stated that it is aggressively #growing into countries in Asia, including India, Indonesia, Thailand, and the Philippines, as well as in the Middle East and Africa, in addition to important markets like the U.S., Canada, and Europe. It stated that in addition to Vietnam, the company intends to build additional EV production facilities in the United States and India, as well as expedite the establishment of a plant in Indonesia. To share your startup story write us on - contact@startuprise.org #Vinfast #ElectricVehicles #Vietnam #Dealers #Business #Automaker

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opportunity vs. competition

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M&A in Car Distribution H1/2024: may reshape the market? Tasco Auto's acquisition of Volvo Car's distribution rights signals a significant change in the automotive industry. This move could potentially remove small distributors and fortify domestic giants against international competitors. Vietnamese automotive conglomerates are transitioning from single-brand testing to multi-brands distribution and local assembly, aligning with global trends. The market dynamics are evolving with major players partnering with local groups or regional entities, creating a divide between domestic and foreign factions. Foreign entrants face the ultimatum of performing or exiting, while domestic companies strategically balance market retention and capitalize on foreign missteps for growth. Success in this shifting landscape depends on securing robust distribution rights, maintaining diverse portfolios, and leveraging internal synergies to counter competition. Challenges lie ahead, such as acquiring Mercedes-Benz Vietnam and future collaborations with Chinese firms, indicating a departure from traditional partnerships. The industry anticipates exciting developments in the coming months, with the possibility of seeing Jeep cars or other brands of the Stellantis group in Thaco showrooms and Chinese brands in Tasco's outlets in H2 of this year. While the specifics are challenging to forecast, increased competition is poised to benefit consumers. Ethical leadership will be integral for sustainable growth in this dynamic environment.

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Leapmotor, a Stellantis-backed electric car manufacturer registered in Hong Kong, has introduced the C16, a new six-seater SUV. The C16 comes in three trim levels and is offered in both battery #electricvehicle and extended-range electric vehicle variants. The pricing range of these six models is RMB 155,800–185,800. The C16, which has a wheelbase of 2.825 meters and dimensions of 4.915 meters long, 1.905 meters wide, and 1.77 meters height, is positioned as Leapmotor's flagship mid- to large-sized SUV. The vehicle's overall size is comparable to that of the company's other SUV, the five-seater C10, and both the EREV and BEV versions have the same proportions. Leapmotor claims that the third row's legroom and foot space have risen due to optimized motor placement and #vehicle structure, equating the C16's passenger room to that of a car with a 2.95-meter wheelbase. The 1.5-liter engine of the C16 EREV model extends its range, and it is paired with a 50-liter fuel tank. When completely charged and fueled, it has a 200-kilometer pure electric range and a 1,095-kilometer CLTC range. Additionally, the EREV version features a 28.4 kilowatt-hour lithium iron phosphate battery pack that enables quick charging from 30% to 80% in 30 minutes. Its rear #electric motor generates 170 kilowatts of peak power and 320 newton-meters of peak torque, which enables it to sprint from 0 to 100 km/h in 8.46 seconds. A 67.7 kWh battery pack with a CLTC range of 520 kilometers powers the BEV variant. Leapmotor claims that the pure electric C16 uses an 800V fast-charging platform based on silicon carbide, with a maximum charging capacity of 180 kW, allowing the #battery to charge from 30% to 80% in under 15 minutes, despite its moderate range. With a peak power of 215 kW and a peak torque of 360 Nm, the C16 BEV's single rear-mounted engine allows it to go from 0 to 100 km/h in 6.37 seconds. LiDAR is being phased out by firms like Xpeng Motors and Nio in the sub-RMB 200,000 (USD 27,510) price range. But the C16's "intelligent driving" variant has 30 sensors altogether spread throughout the car thanks to Hesai Technology's LiDAR sensor systems and NVIDIA's Orin X chip. In this pricing range, such complete configurations are not common. Leapmotor states that the C16 can operate its "Navigation Assisted Pilot" (NAP) system on highways and urban expressways and its "Navigation Assisted Cruise" (NAC) system in urban areas with a total computational capability of 284 TOPS. With intentions to extend to further cities, the latter function is now accessible in Shanghai, Jiaxing, and Hangzhou. To share your startup story write us on - contact@startuprise.org #Leapmotor #SUV #EV #Shanghai #Technology

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