Learning Lessons from Chinese OEMs | Automotive Industry Latest - 1st August

Welcome back to Automotive Industry Latest.?This week we bring you all the best automotive news and content, as well as some brilliant events and opportunities coming up in the auto space.

Before we begin, do you want to win a $200 Amazon Gift Card? Automotive IQ are partnering with Tata Communications for our latest survey on connected vehicles. Your answers will be critical in forming an exclusive industry report later this year. All survey respondents will receive a free copy of this report. Answer the survey here for your chance to win.

?? Latest Automotive News

Uber has agreed a partnership with BYD, in order to bring 100,000+ electric vehicles to the ride-hailing platform. Uber drivers will receive accessible pricing and financing for BYD electric vehicles.

Chinese carmakers achieved a record 11% of the European electric vehicle market last month, ahead of the new EU tariffs which are coming into force on Chinese EVs.

Toyota Motor Corporation looks set to report another quarter of double digit growth this week, with the demand for hybrid vehicles a major factor.

Elon Musk has claimed Tesla will look to integrate AI into vehicles, with xAI's chatbot, Grok, set to be combined with Tesla software. This comes as he suggested that Tesla could invest $5 billion into xAI, also owned by Musk.

?? Auto Content of the Week

Much of the headlines this week discussed Chinese OEMs, and their success in the EV market. But what lessons can we learn from this?

Explore an in-depth interview with Yu Yang, Principal Analyst on Automotive Semiconductors at Yole Group, as he shares his expert insights into the global electric vehicle (EV) market. This interview delves into the strategies that have propelled Chinese OEMs to the forefront of the EV industry, providing valuable lessons for their European counterparts.

Download here:

In a similar vein, Chinese automakers, such as Nio, Zeekr, BYD and Xpeng have demonstrated impressive growth in SDVs, establishing themselves as global brands and serious competitors to some of the largest traditional automakers. So, what can you learn from them?

We are delighted to share an exclusive presentation delivered by Augustin Friedel, Senior Manager, Mobility Transformation at MHP - A Porsche Company, which will give you insights into the success factors of Chinese car brands, including speed of SDV development, keeping up with changing consumer perception & demand, beneficial SDV partnerships, and much more.

Download for free:

?? Upcoming Automotive Events

There are a number of exciting events coming up soon, both in-person and online. You can view all our different events here. Here are some of our most popular:

Thanks for reading. Don't forget to follow our LinkedIn for more automotive updates.

See you next week!

Jonty Purvis, Editor