Kymco’s joint growth with LiveWire for the S3 may lay the inspiration for a bunch of latest fashions.
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MG Motor To Launch A New Car In India Every Three To Six Months; Two Launches Confirmed For 2024
As a part of the three way partnership, JSW MG Motor India can be introducing plug-in hybrid automobiles in India
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The JSW Group and MG Motor’s three way partnership is now known as ‘JSW MG Motor India Private Limited.’
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It plans to extend manufacturing capability from the present 1 lakh+ models to as much as 3 lakh automobiles yearly.
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The JV plans to introduce a brand new automobile each three to 6 months beginning September 2024.
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There can be a deal with bringing electrified fashions, together with plug-in hybrids and pure EVs.
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MG additionally confirmed two new launches slated for this calendar yr, which could embody an MPV.
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MG Cyberster idea was additionally showcased on the occasion; its launch is but unconfirmed.
MG Motor’s father or mother firm, SAIC, shaped a three way partnership (JV) with JSW Group to broaden MG’s operations in India in late 2023. Fast ahead to March 2024 and the JV has been formally named ‘JSW MG Motor India Private Limited.’ With this new id, MG has revealed its future Indian plans which embody not simply extra EVs, but additionally plug-in hybrids for India.
Plenty Of MGs To Come
The carmaker plans to introduce one new automobile each three to 6 months, ranging from September this yr. Two new fashions are slated for launch this calendar yr itself, however their particulars are but to be confirmed. As per the MG 2.0 plans, all these new automobiles can be manufactured in India and also will be exported to another world markets.
MG Cyberster India Debut
As a part of the announcement, MG additionally revealed the Cyberster idea, its 2-seater all-electric roadster that was first unveiled in China in early 2023. Given MG’s origins as a British carmaker finest recognized for its small convertible sports activities automobile, the Cyberster may very well be the model’s future icon.
Pushing For Locally Made Plug-in Hybrids
The three way partnership with JSW Group will assist MG Motor India extensively localise its upcoming fashions which shall assist in pricing them aggressively. Along with that, the partnership additionally has a giant deal with clear mobility and thus plans to introduce plug-in hybrid automobiles (PHEVs) in India. Even although there was no authorities incentives for this expertise in India, skipping to pure EVs as a substitute, the PHEV expertise has nice potential whereas the EV market matures, particularly as regards to an expansive charging infrastructure. The three way partnership will even result in a rise in manufacturing capability at MG’s Halol facility in Gujarat, from the present 1 lakh+ automobiles to as much as 3 lakh models yearly.
Also Read: Tesla India Launch Timeline Accelerates With New EV Policy For Reduced Import Tariffs
JSW & MG Joint Venture Highlights
JSW now holds a 35 % stake on this three way partnership, whereas SAIC is supporting it with superior expertise and merchandise. The partnership is aimed toward enterprise new initiatives for the Indian auto market, together with native sourcing, bettering charging infrastructure, increasing manufacturing capability, and growing and introducing new automobiles with a deal with inexperienced mobility.
SAIC and JSW additionally plan to work carefully in creating a sensible and sustainable automotive ecosystem in India to supply related EVs and ICE automobiles. The JV is supposed to optimise the automotive experience of SAIC for brand new fashions, and leverage the JSW Group’s presence within the B2B and B2C sectors to determine a sturdy provide chain.
More About The Cyberster Concept
First unveiled in idea kind again in 2021, the Cyberster idea goals to be a Tesla Roadster-rivalling electrical sports activities automobile. MG has plans to debut it in European markets in 2024 itself and has already showcased the automobile at occasions within the UK.
The Cyberster has a dual-motor, all-wheel-drive (AWD) setup, giving it a 0-100 kmph run time of three.2 seconds. Although its battery pack choices haven’t been formally introduced, MG has revealed that the Cyberster – with the dual-motor setup – produces 544 PS and 725 Nm. There’s additionally a single-motor model of the EV making 340 PS and 475 Nm. It can full the 0-100 kmph dash in 5.2 seconds.
Which EV or plug-in hybrid mannequin from MG’s world lineup would you prefer to see right here? Tell us within the feedback.
BMW Group and NTT DATA Romania signal Joint Venture contract: Development and operation of enterprise IT options in focus.
Munich / Cluj-Napoca. The BMW Group and NTT DATA Romania have signed an settlement to determine a Joint Venture (JV) in Romania. The BMW Group is thus persevering with to develop its international community for its company IT and is securing expertise and expertise within the software program sector. The execution of the JV contract is topic to evaluation and approval by the related authorities.
The JV advantages from NTT DATA’s a few years of expertise in agile software program improvement and its wonderful community within the native Romanian IT group. The new location in Romania is meant to help the BMW Group IT in Europe and drive ahead IT-projects and improvements for manufacturing, improvement, human assets, gross sales and BMW Financial Services.
“With NTT DATA, we are relying on another strong partner that has an excellent network in a lively technology region and enables us to build up additional software competencies quickly and in a targeted manner. In collaboration with companies like NTT DATA we can establish strong IT hubs and thereby give an answer to the shortage of IT experts,” says Alexander Buresch, CIO and Senior Vice President of BMW Group IT.
“We are proud to announce our plans to open a brand new software program improvement middle for software program options in Cluj-Napoca along with BMW Group. This collaboration goals to help the carmaker in main the digital transformation,” says Maria Metz, CEO at NTT DATA Romania.
The JV is to be arrange in Cluj-Napoca in Romania. The college city provides a powerful ecosystem for innovation with strong entrepreneurship, startups and a excessive variety of skills within the tech scene. This creates excessive potential for long-term progress of the JV. The JV is anticipated to make use of round 250 software program builders on the finish of 2024 and plans to develop to a four-digit variety of workers by 2027.
The BMW Group and NTT DATA have been collaborating throughout a wide selection of initiatives for over 30 years. The signing of the JV contract marks the following massive step on this partnership.
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Global footprint in IT and software program improvement.
The BMW Group is already properly superior in digitizing the whole firm and its inside and exterior processes. For a number of years now, IT & software program hubs in Germany, the USA, South Africa, India, Portugal (Joint Venture Critical TechWorks) and China (LingYue Digital IT Co. Ltd. and BA TechWorks) have been strengthening the premium producer’s software program experience. They contribute considerably to the event and operation of progressive IT options for the BMW Group. A complete of over 9,400 workers worldwide are already working in IT and software program improvement for the BMW Group and the Joint Ventures.
BMW Group launches building of high-voltage battery meeting plant in Thailand
Rayong, Thailand. After a joint ground-breaking ceremony with Milan Nedeljković, Board Member for Production, representatives of the Thai authorities and the German ambassador to Thailand Ernst Reichel, building work is underway for the BMW Group’s personal native manufacturing facility for Gen-5 high-voltage batteries. With that, the BMW Group is readying one more manufacturing facility to fabricate absolutely electrical automobiles, with native BEV manufacturing scheduled to start out within the second half of 2025.
“Local production of high-voltage batteries in Rayong is the next logical step in the continued electrification of our production network. Once again, the principle of ‘local for local’ applies, supporting economic development, employment opportunities and knowledge transfer in Thailand and the ASEAN region,” stated Milan Nedeljković, Board Member for Production at BMW AG, on the ground-breaking ceremony.
The forthcoming high-voltage battery meeting facility could have a footprint of 4,000 sq. metres and is a vital addition to the enterprise actions of BMW Group Manufacturing Thailand. The new meeting line will convert imported battery cells into modules that may then be built-in into high-voltage batteries. The BMW Group has invested greater than 1.6 billion baht (approx. 42 million euros) within the challenge, a major share of which – virtually 1.4 billion baht (approx. 36 million euros) – might be used to purchase state-of-the-art tools and methods.
The BMW Group has been producing high-voltage batteries in Thailand for regionally made plug-in hybrids since 2019. Plant Rayong manufactures round two dozen BMW, MINI and BMW Motorrad fashions for the Thai in addition to numerous ASEAN markets. In 2023 output totalled greater than 12,000 automobiles and virtually 11,000 bikes.
Comprehensive coaching programme
Employees will bear complete coaching programmes, which might be delivered within the world manufacturing community with the intention of bettering the technical abilities of native employees by data switch. The funding in skilled coaching and improvement additionally underscores the BMW Group’s dedication to advancing the Thai financial system.
Joint training programme with UNICEF – additionally in Thailand
As nicely as growing its personal workforce, the BMW Group could be very a lot concerned in boosting trade in Thailand and the worldwide transition to mobility options that assist preserve assets. This yr it’s collaborating with UNICEF in Thailand to enhance profession alternatives for younger folks by a focused STEM training programme, coaching and careers recommendation.
Sony And Honda Have Three New EVs On The Way, Including An SUV
Sony Honda Mobility is the automotive three way partnership between Honda and Sony. It goals to construct electrical automobiles with superior self-driving know-how. Now, there are new particulars about when the corporate’s first fashions will hit the street.
In addition to the beforehand introduced Afeela electric sedan coming in 2025, Sony Honda Mobility will launch an SUV in 2027 and a inexpensive compact mannequin in 2028 or later, in accordance with Nikkei Asia. All three automobiles will trip on the identical platform.
Sony Honda Mobility’s compact mannequin will allegedly share parts with Honda’s in-house developed EVs to maintain costs down. The firm simply confirmed off the Saloon concept at CES forward of launching a manufacturing mannequin in 2026.
We do not have many particulars about Sony Honda Mobility’s SUV but. Sony beforehand showed the Vision-S 02 concept (beneath) that previewed how such a automobile would possibly look. It shared a design language with the sedan however with a taller trip and a hatchback.
The Afeela sedan launching in 2025 makes use of entrance and rear electrical motors, every making 241 horsepower. It has a 91.0-kilowatt-hour lithium-ion battery pack. Sales within the United States ought to begin in early 2026.
Sony Honda Mobility is loading the Afeela with know-how. The pre-production mannequin has 45 sensors, together with lidar and eight cameras. Chips from Qualcomm would allegedly present the processing functionality to help Level 3 self-driving, which means an individual would nonetheless must take over management at instances.
The Afeela has an understated, easily styled exterior. Inside, there is a display screen spanning practically all the dashboard. Sony intends to supply entry to its huge media empire so of us can watch films like Spider-Man: Across the Spider-Verse or play Fortnite on this show. The driver grips a yoke steering wheel.
Honda would construct a few of these EVs in Ohio, in accordance with Quartz. Given the placement, the automobiles would possibly use the batteries coming from Honda and LG’s joint venture factory in the state.
The Saab 9000 Proved Joint Projects Could Be Successful
In the mid-Eighties, the automotive world witnessed the delivery of а joint undertaking between the Swedish automaker Saab and Italian large Fiat. The 9000 was not solely a testomony to collaborative innovation but in addition Saab’s first entry into the luxurious phase. Launched in 1984, the 9000 shortly grew to become one of many model’s most recognizable merchandise, and at present, its legacy endures for a number of compelling causes.
Welcome to Timeless European Treasures, our weekly look again at automobiles from the European market that outlined a motoring era.
Why Do We Love It?
The Saab 9000 earned our affection for its superior design and technological options. Crafted as a part of the Type Four platform in partnership with Fiat, the 9000 shared its underpinnings with the Fiat Croma, Lancia Thema, and Alfa Romeo 164. The distinctive bodywork, a collaborative effort by famend designers Giorgetto Giugiaro and Saab’s personal designer Björn Envall, mirrored a mix of Scandinavian class and Italian aptitude. Despite the seen similarities with the opposite platform twins, the 9000 stood out with improved crash safety and distinctive options.
One standout attribute was the 9000’s dimension. It was shorter than the 900, a mannequin that had a decrease place within the hierarchy, however had an extended wheelbase. Due to its inside dimensions and the transversely mounted drivetrain, the EPA categorized the 9000 as a “large car” within the United States, a distinction shared only with Rolls-Royce at the time.
CFMoto To Build Bikes For Yamaha Exclusively In China
Joint ventures between outstanding Japanese and European bikes and up and coming Chinese manufacturers are nothing new. We’ve seen partnerships like this sealed on a number of events in recent times, with the likes of KTM and CFMoto teaming up a number of years in the past, and with nice success. Other manufacturers akin to MV Agusta and Harley-Davidson have teamed up with QJ Motor for the event of particular fashions for key markets.
In September 2023, Yamaha was one of many newest to type a brand new partnership with Chinese model CFMoto. Back then when it was introduced, little or no details about the businesses’ plans in regards to the partnership had been revealed. Naturally, given Yamaha’s stable fame when it comes to high quality and innovation, in addition to CFMoto’s aggressive strategy to tackling the worldwide market, it’s simple to know why the announcement of the partnership gave beginning to a number of hypothesis. In Europe, specifically, fans questioned if CFMoto would develop and in a while produce sure fashions for Yamaha within the European market.
Yamaha Motor Europe was fast to answer all of the speculations, with firm president Eric de Seynes clarifying that the collaborative efforts between CFMoto and Yamaha will probably be unique to the Chinese home market. “This deal with CFMoto is really a joint venture to support the Chinese market – which is huge – with specific Yamaha [models],” de Seynes informed Motorcycle News. Indeed, the Chinese motorbike market is among the many largest in Asia, and has been constructing various steam, notably within the premium section.
There’s been a number of consideration within the Asian market in latest months, notably in China, the place a number of new producers are rising with technology-driven, value-for-money fashions. Yamaha’s transfer to accomplice up with CFMoto to sort out this key market is clearly strategic, and can greater than probably pave the best way for the model to determine a good stronger foothold within the Chinese market.
The three way partnership gave beginning to a brand new firm known as Zhuzhou CF Yamaha Motor Co., Ltd, or ZCYM. According to Yamaha’s announcement again in September, the CFMoto is almost all stakeholder with 50 p.c possession of the brand new firm, whereas Yamaha is the minority stakeholder at 44.23 p.c. Tair Yea Limited, a holdings firm from Hong Kong, holds the remaining 5.77 p.c.
JSW Partners With SAIC To Expand MG Motor’s Operations In India
JSW will hold a 35 percent stake in this joint venture for Indian operations with SAIC Motor
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SAIC will provide advanced technologies and products to support the venture.
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The partnership aims to enhance the charging infrastructure and production capacity.
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Both SAIC and JSW will collaborate on developing new connected EVs and ICE vehicles.
MG Motor‘s parent company, SAIC Motor, has formed a strategic joint venture with JSW (Jindal South West) to expand MG’s operations in India. The agreement between the two companies was signed by SAIC’s President, Wang Xiaoqiu, and JSW Group’s Parth Jindal at the MG office in London on Thursday.
JSW will hold a 35 percent stake in this joint venture, with SAIC providing advanced technology and products. The partnership aims to undertake several new initiatives for the Indian auto market, including local sourcing, enhancing charging infrastructure, expanding production capacity, and developing and introducing new vehicles with a focus on green mobility.
SAIC and JSW will also collaborate to establish a smart and sustainable automotive ecosystem in India by developing new connected EVs and ICE vehicles. The joint venture is intended to optimize SAIC’s automotive expertise for new models and leverage the JSW Group’s presence in the B2B and B2C sectors to establish a robust supply chain.
Also Check Out: The Last 3 New Cars That You Will See In 2023: An Electrified Lambo And Two Small SUVs
Regarding the partnership, Wang Xiaoqiu, President of SAIC Motor, commented, “SAIC has always adhered to the ‘win-win cooperation’ approach while steadily improving our core capabilities and expanding our scale of production and sales. In the growing Indian automotive market, both partners shall work closely to bring in the best of innovation, in creating greener and smarter mobility products and services for our consumers, seizing market opportunities, continuously expanding the brand influence and market share of our products, and achieving greater success for MG in India.”
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Meanwhile, Parth Jindal of the JSW Group stated, “One of the key focus areas of this joint venture will be to pursue the development of the EV ecosystem and to take a leadership position in this space. We would like to thank SAIC and MG Motor for choosing JSW as their partners of choice and look forward to building one of India’s largest automobile companies together.”
MG Motor currently retails 6 models in India – MG Astor, MG Hector, MG Hector Plus, and MG Gloster; and 2 EVs – MG Comet EV and MG ZS EV. The Hector and Hector Plus mid-size SUVs have recently received a price hike as well, and you can click on this link to check their variant-wise prices.
Read More on : Hector on road price
Sotheby’s Motorsport To Auction Two Luxury Vehicles From World-Renowned Ikonick Collection
MIAMI and BLENHEIM, ONTARIO (Oct. 12, 2023) – Sotheby’s Motorsport, the new joint venture between the automotive lifestyle ecosystem duPont REGISTRY Group and luxury auto auction house RM Sotheby’s, today announced two new listings from legendary collector Barry Skolnick’s The Ikonick Collection. The brainchild of Skolnick, an entrepreneur and philanthropist, Ikonick is home to some of the world’s finest art and automobiles. The Collection boasts more than 125 supercars, hypercars, and classic-grade vehicles.
The first-time cars from The Ikonick Collection will be available for public sale. The listings include a 2014 McLaren P1 with a starting bid of $1 million. This model is part of a limited production run of 375 units and is considered one of the Holy Trinity of hypercars. It features a unique Elite White finish with black accents and has been part of The Ikonick Collection since 2017. The listing will be live through Oct. 26. (source)
Skolnick’s second vehicle is a 2017 Lamborghini Aventador SV Roadster he purchased new. This SV Roadster boasts a gorgeous Rosso finish, custom exterior components by Novitec, and comes with less than 400 miles. It will be available for bidding starting Oct. 19 through Nov. 2 with a starting bid of $300,000. (source)
Chip Perry, CEO of Sotheby’s Motorsport, said, “We’re honored to be listing part of Barry’s famed collection. The Ikonick Collection is one of the greatest compilations of supercars and art in the world, and it is a true privilege to host the first public auction from the Collection. Barry is an icon in the luxury collector’s space, known for curating only the best of the best. We’re excited to help him make room to continue expanding his collection.”
The Ikonick Collection, housed in Miami, Florida, is part art gallery, garage, and event space. Visitors can view over 150 curated automobiles alongside sculptures and paintings from local and world-famous artists. Unlike many collectors who keep their collections behind closed doors, Skolnick decided to share his with the world by opening The Ikonick Collection.
Sotheby’s Motorsport is currently available for buyers globally and sellers with vehicles registered in the United States. To view and bid on the listings, visit sothebysmotorsport.com.
RM Sotheby’s is the world’s leading collector car auction house. With over 40 years of proven results in the collector car industry, RM’s vertically integrated range of services, from auctions (live and online) and private sales to estate planning and financial services, coupled with an expert team of Car Specialists and an international footprint, provide an unsurpassed level of service to the global collector car market. RM Sotheby’s is currently responsible for the most valuable motor car ever sold at auction.
The duPont REGISTRY Group is the world’s leading luxury ecosystem that encapsulates the culture, community, and commerce of the high-end automotive lifestyle. Its portfolio includes duPont REGISTRY, Sotheby’s Motorsport, Canossa Events, Cavallino, and FerrariChat.
Avatr 12: A New Gran Coupe Electric Vehicle with Impressive Performance and Range
The Chinese automotive joint venture, Avatr, made up of Changan, CATL, and Huawei, recently introduced its second electric vehicle (EV) to the European market. Named the Avatr 12, this sleek four-door coupe boasts a distinctive design and innovative features.
Despite its sedan-like appearance, the Avatr 12 actually features a hatchback at the rear. Additionally, it comes equipped with a unique Halo Display on the hood. This display, comprising a black panel LED screen, enables the vehicle to communicate with people outside, according to the company.
Measuring 197.6 inches long, 78.7 inches wide, and 57.4 inches high, the Avatr 12 offers a spacious interior and comfortable seating. With a wheelbase of 119.2 inches, it provides a smooth and stable ride. The vehicle is available in two powertrain options, both utilizing CATL cell-to-pack ternary lithium-ion battery packs.