Tag Archives: venture

Featured

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

JSW MG Motor India Private Limited

  • The JSW Group and MG Motor’s three way partnership is now known as ‘JSW MG Motor India Private Limited.’

  • It plans to extend manufacturing capability from the present 1 lakh+ models to as much as 3 lakh automobiles yearly.

  • The JV plans to introduce a brand new automobile each three to 6 months beginning September 2024.

  • There can be a deal with bringing electrified fashions, together with plug-in hybrids and pure EVs.

  • MG additionally confirmed two new launches slated for this calendar yr, which could embody an MPV.

  • 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

MG Cyberster showcased in India

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 and SAIC Joint Venture formation

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

MG Cyberster

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.

A post shared by CarDekho India (@cardekhoindia)

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.

News

This Kigumi Suzuki Hayabusa Puzzle May Take 2,500 Years To Put Together

Who doesn’t love bike collectibles? Venture into our houses, garages, and places of work, and also you’ll discover tons of bike paraphernalia scattered far and wide.

And as somebody obsessive about each bikes and vehicles, my dwelling and office are filled with mannequin bikes, vehicles, and all types of trinkets that allow any friends and guests know that I’m all about that life. I’m fairly positive the identical is true for you, and I’m additionally fairly positive that this Kigumi Suzuki Hayabusa is one thing you’d discover attention-grabbing.

If not somewhat maddening, too.

The Suzuki Hayabusa Kigumi collectible comes in three sheets.

The Suzuki Hayabusa Kigumi collectible is available in three boards.

For these of you who didn’t know, Kigumi is a Japanese development methodology that focuses on wooden. So a lot wooden that there aren’t any nails or adhesives used to carry them collectively. As such, every bit is carved to completely align with one other piece. My childhood life was filled with Kigumi puzzles, and I keep in mind spending whole afternoons assembling all types of great stuff.

Granted, the Suzuki Hayabusa Kigumi collectible doesn’t appear to be designed for youths. Nevertheless, it’s one thing you’ll be able to get pleasure from alone, or with the corporate of household and pals. It’s made up of three boards, every containing the parts of the bike. Based on expertise, it might be a good suggestion to push these components out gently, as when you’ve damaged a chunk, it’s one thing you’ll need to dwell with for the remainder of eternity. Plus, no one needs to have to make use of some glue to repair a Kigumi puzzle.

 
Suzuki Hayabusa Kigumi Collectible

Suzuki Hayabusa Kigumi Collectible

The Suzuki Hayabusa Kigumi collectible is a Suzuki-licensed product and is available in a flat plate. As such, there’s no strain so that you can assemble it immediately, because it occupies hardly any extra space than a pair items of paper. Once you do get to engaged on it, nonetheless, chances are high you gained’t have the ability to cease till you arrive on the completed product.

Once full, you could have an artsy-looking Hayabusa measuring about six inches lengthy, or concerning the size of an iPhone 15. Using my tremendous correct guesstimation expertise, that’s a couple of 1:12 scale. It simply may take you 2,500 years to place collectively, although…

Motorsport

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.

2024 Sony Honda Mobility Afeela prototype

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 Vision-S 02 SUV Concept
Sony Vision-S 02 SUV Concept

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.

Motorsport

Rimac Will Debut An Autonomous Robotaxi This Year

Rimac, the corporate that gained world recognition for its Nevera hypercar, is ready to enterprise into new territory. The automaker is increasing into mass-market mobility with its Project 3 Mobility initiative.

Rimac will debut an autonomous robotaxi early this yr as a pilot prototype with business operations deliberate for 2026. While particular particulars concerning the challenge are restricted, Autocar stories that Rimac has confirmed that improvement of the robotaxi is being supported, partly, by Kia. Founder and CEO Mate Rimac advised the publication that Rimac needs to “change the lives of more people” by offering accessible and eco-friendly city transport.

Rimac

The car will reportedly have the potential to function with out human enter. Rimac’s complete plan consists of the event of supporting infrastructure similar to chargers, storage hubs, and parking areas. Mate Rimac describes the robotaxi as “a car but a completely different type.”

Rimac’s discreet strategy to unveiling the robotaxi stems from a deliberate technique to keep away from “underdelivering.” Project 3 operates as a stand-alone model throughout the Rimac Group portfolio, distinct from each the high-performance supercar maker and Bugatti.

Cars

The Luxury Car Elon Musk Totaled In Seconds

Musk and Peter Thiel (one of many founders of PayPal) had been on their technique to meet with enterprise capitalist Mike Moritz to hunt funding in PayPal when Musk crashed the F1 on a Palo Alto street.

As he advised Pando Daily, “We’re driving up Sand Hill Road, and I didn’t really know how to drive the McLaren.” Thiel requested Musk what the automotive was able to, to which Musk cheekily responded, “Watch this.” Musk mentioned he then floored it and instantly misplaced management of the 640-horsepower beast, crashing it into an embankment. All of the glass within the automotive was shattered, and it suffered intensive physique harm, however luckily, neither man was injured. 

Musk did not have insurance coverage on the automotive, nevertheless, and in the end needed to restore it out of pocket. He stored the F1 till 2007, and this previous summer time, the automotive was displayed on the Goodwood Festival of Speed in West Sussex, England. However, the crash did irreparable harm to Musk and Thiel’s enterprise relationship. In his e-book “The Contrarian: Peter Thiel and Silicon Valley’s Pursuit of Power,” creator Max Chafkin wrote, “The experience shook Thiel, who came to see Musk as reckless” (by way of Business Insider).

Featured

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

JSW & SAIC JV

  • SAIC will provide advanced technologies and products to support the venture.

  • The partnership aims to enhance the charging infrastructure and production capacity.

  • 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.

MG Hector

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

MG ZS EV

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.”

Also Check Out: The Tesla Cybertruck Is Finally Ready! Production-spec Details Revealed As First 10 Customers Take Delivery

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

Science

The Bloop: The Mysterious Ocean Sound Scientists Couldn’t Understand

Exploring the depths of the oceans is a challenging task due to their treacherous nature. Thankfully, advancements in technology, such as probes, SONAR, and hydrophones, have made it easier to study the deep sea. Hydrophones are particularly useful as they can convert underwater noises into electrical activity.

In 1997, hydrophones located in the Pacific Ocean picked up a highly unusual sound. This sound, known as the Bloop, is distinct and eerie, unlike any typical ocean noise. The National Ocean Service provides a recording of the Bloop, highlighting its strange and otherworldly quality. The origin of the sound was traced back to the ocean near Chile, but its extremely low frequency and mysterious nature left scientists baffled.

Contrary to popular belief, the Bloop was not caused by mythical creatures like the kraken or Godzilla, or even a fictional car backfire in Atlantis. Instead, researchers discovered a shocking but plausible explanation for this enigmatic disturbance.

Motorsport

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.

Motorsport

Sotheby’s Motorsport Debuts New Online Auction Platform Focused On Luxury

Sotheby’s Motorsport (SMS) has launched a groundbreaking online auction platform in collaboration with Motorsport Network. This new platform aims to bridge the gap between physical and virtual auctions in the automotive industry. With the introduction of innovative features such as a digital wallet and fully digitized transactional documentation, Sotheby’s Motorsport offers enhanced security and convenience to buyers and sellers. Additionally, the platform allows for proxy or absentee bidding, making the bidding process more efficient and enjoyable for users. We spoke with Mark Rankin, the Chief Technology Officer of Sotheby’s Motorsport, to gain insights into the unique advantages of this new online auction platform.

When asked about the inspiration behind Sotheby’s Motorsport, Rankin explained that his personal experiences of buying cars online led to the realization that there was a lack of trust and security in these transactions. To address this, Motorsport Network approached Sotheby’s/RM Sotheby’s to create a platform that combines technology with the expertise of established auction houses. Sotheby’s Motorsport aims to provide a white glove service, offering buyers and sellers a secure and reliable online auction experience.

Rankin also highlighted his passion for luxury cars and how it influenced the creation of SMS. He emphasized that the platform’s success lies in the collective efforts of a dedicated team and the support from partners at Sotheby’s and Motorsport Network. The goal is to build a platform that meets the unique needs and expectations of luxury car enthusiasts.

Ensuring the security and privacy of user data, particularly in high-value transactions, is a top priority for Sotheby’s Motorsport. Rankin explained that the platform employs advanced encryption and technology to deliver multiple user experiences while protecting financial transactions. The digital wallet feature ensures that money is only transferred once the vehicle has been delivered, providing peace of mind to both buyers and sellers.

The Sotheby’s Motorsport platform stands out from its competitors through various key technologies. It boasts a fast and secure bidding engine, allowing for real-time and proxy bidding. The platform also offers professional inspections, detailed descriptions, and full disclosure of known flaws for every listed car. This commitment to accuracy and transparency differentiates Sotheby’s Motorsport as a trustworthy marketplace for luxury car buyers and sellers.

Looking towards the future, Rankin believes that the online auction space for luxury cars can learn from the successful processes and experiences of physical auctions. Sotheby’s Motorsport aims to replicate the safety and enjoyment of physical auctions through its online platform.

In conclusion, Sotheby’s Motorsport is revolutionizing the luxury car online auction space by offering a secure platform, comprehensive transactional services, and a personalized experience for buyers and sellers. The company’s dedication to transparency and customer satisfaction sets it apart from competitors and ensures its position as a leader in the industry.

Motorsport

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.