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    Talking Heads: Key themes for 2023
    The current year has again been dominated by the chip crisis. Overlaid on this has been the worsening macroeconomic position due to the fallout from the Russia-Ukraine conflict, which has had knock-on effects for the industry in terms of demand surety. In turn this has brought an end to the era of cheap capital, which has served to slow the burgeoning mobility startup ecosystem. In the broader sense the sector looks set to be heading to a phase where demand-side considerations replace the curren...
    Update on the semiconductor shortage and outlook for 2023 and beyond
    From the first rumblings out of China in December 2020 the semiconductor has gone on to dominate discussions around the automotive sector. The issues are still ongoing – just last week Jaguar Land Rover announced it was slowing production of certain models due to a continuing supply squeeze – and a few voices in the industry are being heard speculating that the crunch will last until 2026. To get a perspective on the current situation and future developments we talked with Jeremie Bouchaud, ...
    Great Wall Motor accelerates deployment of new energy strategy, global expansion
    Chinese automaker Great Wall Motor (GWM) plans to accelerate the deployment of its new energy strategy that entails global expansion into the new emerging markets, the company said in a media note on 2 December 2022. With a focus on EVs, the company said that it has launched diversified products ranging from hybrid electric vehicles (HEVs), plug-in hybrid electric vehicles (PHEV) and battery-electric vehicles (BEVs) in Thailand. While the company continues to expand its products and services,...
    Great Wall Motor to almost double EV investments in Thailand
    Chinese carmaker Great Wall Motor plans to double its electric vehicle (EV) investments in Thailand as the company looks to expand its operations in the country, according to a news report published by Nikkei Asia on 15 November 2022. Great Wall Motor, which entered the Thai market about two years ago, had invested THB12 billion (over USD 344 million) to set up a plant to produce EVs. The said facility employs more than 3,000 people. Citing Narong Sritalayon, managing director of Great Wal...
    BMW Group to invest USD1.05 billion to prepare Steyr plant to produce electric drives
    German luxury carmaker BMW Group plans to prepare its component manufacturing unit in Steyr to produce electric drives in addition to diesel and petrol engines from 2025, the company announced on 2 December 2022. To this end, BMW plans to invest around EUR1 billion (USD1 billion) on its Steyr facility by 2030, it said. “Preparations are already in full swing,” BMW said in an official statement last week. Notably, BMW’s Steyr plant is the Group’s largest engine plant worldwide. The ...
    BorgWarner acquires Switzerland-based Drivetek AG
    Michigan-based global automotive component supplier BorgWarner Inc. has acquire