Sky-High Innovations and Green Drives: The Latest in Asia's Automotive
Dear readers,
Xpeng Aeroht, a subsidiary of Chinese EV maker Xpeng, secured $150 million to develop and commercialise its electric flying car, planning pre-orders by Q4 2024 and deliveries by Q4 2025. The funds will support R&D, mass production, and establishing an R&D facility in Guangzhou, with the Civil Aviation Administration already accepting the Type Certificate application.
CATL invested significantly in Autoflight to co-develop eVTOL aircraft batteries, enhancing energy density and performance for longer flights and higher payloads. This collaboration follows CATL's other ventures in electric aviation, aiming to introduce a civil e-craft by 2028.
Smart driving aids have become crucial for NEVs in China, particularly for premium brands, with over 62% of early 2023 NEV sales featuring advanced driving assistance systems. Companies like Xpeng and Aito are leveraging these technologies to enhance their market position and consumer appeal.
Maruti Suzuki plans to launch its first EV and promote eco-friendly technologies like hybrids, biogas, and CNG within FY24, aiming for reduced emissions and fuel consumption. The company is trialling biogas production and intends to expand its EV lineup significantly by FY31, emphasising the need for supportive policies.
Chinese manufacturers are gaining ground in the PHEV market, with global sales rising significantly and outpacing pure EV growth. PHEVs, like BYD's Qin Plus, offer fuel savings and reduced range anxiety, making them a competitive alternative to traditional gasoline vehicles.
Revised rules for electric kick scooters in Osaka have led to increased usage and over 2,000 traffic violations in one year. Efforts are being made to enhance awareness and enforcement to improve safety following significant accidents and dangerous riding practices.
A fire involving a Mercedes-Benz electric car in Incheon caused extensive damage and prompted a joint investigation to determine the cause. The incident led to significant evacuations and injuries due to smoke inhalation, despite no charging activity at the time of ignition.
Korean battery manufacturers LG Energy Solution, Samsung SDI, and SK On are shifting focus to prismatic batteries, offering enhanced safety and meeting rising EV demand. These batteries are expected to dominate the market, with significant investments and production plans underway.
VEAM Motor launched the Truck Mate T25, a light truck designed for urban transport with advanced features for flexibility, safety, and fuel efficiency. The truck incorporates modern design elements and technology, making it a versatile option for various cargo needs.
The Linkou light rail project in Taiwan has progressed towards inclusion in the priority road network due to increased passenger capacity. Further evaluations and potential interim solutions are being considered to address traffic congestion effectively.
Jürgen Germeys
China
Deal Street Asia | English | News
Xpeng Aeroht, a subsidiary of Chinese electric vehicle maker Xpeng, has secured $150 million in a Series B1 funding round. The company aims to begin pre-orders for its modular electric vertical take-off and landing (eVTOL) vehicle in the fourth quarter of this year, with consumer deliveries expected to start in Q4 2025. Xpeng Aeroht plans to use the funds for research and development, mass production, and commercialization of the flying car. The Civil Aviation Administration of Central and Southern China accepted the Type Certificate application for the vehicle in March. Additionally, Xpeng Aeroht has announced plans to establish an R&D and manufacturing facility in Guangzhou. The prototype of their flying car first flew in 2016. Meanwhile, EHang Holdings, another Chinese drone manufacturer, has begun selling its flying taxi model and received the first-ever Production Certificate from the CAAC, enabling mass production and commercial operations.
Yicai Global | English | News
Contemporary Amperex Technology (CATL), the world's largest battery manufacturer, has invested hundreds of millions of US dollars in air taxi startup Autoflight to collaborate on the development of batteries for electric vertical take-off and landing (eVTOL) aircraft. A deal signed on August 3 aims to enhance the energy density and performance of eVTOL batteries, allowing for greater flight distances and payload capacities, while also improving safety and stability. Autoflight, established in 2017, is a pioneer in China’s eVTOL sector and has achieved significant flight milestones this year. CATL's investment follows a joint venture with the Commercial Aircraft Corporation of China, which has advanced electric aviation innovations, with plans to introduce an eight-ton civil e-craft by 2028, featuring a range of 2,000 to 3,000 kilometers and high battery energy density. Other Chinese battery manufacturers, including Gotion High-Tech and Farasis Energy, are also engaged in developing eVTOL aircraft batteries.
China Daily | English | News
Smart driving features have become essential for new energy vehicles (NEVs) in China, particularly for brands aiming for a premium market position. Over 62% of NEVs sold in early 2023 included advanced driving assistance systems. According to analysts, vehicles priced over 200,000 yuan ($27,708) struggle to sell without such features. The Aito brand, which incorporates Huawei's smart driving technology, has seen significant success, achieving cumulative sales of 400,000 units within 28 months and a 508% increase in sales from July 2022 to July 2023. The impact of smart driving technologies extends across the industry, with many customers seeking innovative features in their vehicles. Companies like Xpeng are also heavily investing in smart driving advancements, with plans to launch improved systems in the coming years, showcasing a shift in the definition of premium vehicles towards enhanced technology and user interaction.
India
Maruti Suzuki to launch first electric vehicle and promote diverse eco-friendly technologies in FY24
The Economic Times | English | News
Maruti Suzuki, India's largest carmaker, plans to launch its first electric vehicle (EV) within the current financial year and promote a variety of eco-friendly technologies such as strong hybrid, biogas, flex fuel, and CNG to lower emissions and fuel consumption. Chairman R C Bhargava highlighted the need for a policy framework to support these technologies and reduce reliance on petrol and diesel vehicles. The company aims to offer diverse options at different price points, with a focus on sustainability. Maruti Suzuki is also trialing biogas production, which is carbon negative. While the company currently sells two strong hybrid vehicles, it plans to have six EV models by FY31. The acceptance of EVs is linked to cost reduction and charging infrastructure development. Additionally, Bhargava emphasized the importance of continuing small car production to meet the needs of first-time buyers in a changing market landscape.
Japan
ガソリン車かEVか 中国メーカーが見いだす勝機(WSJ日本版)
Mainichi Shimbun | Local Language | News
领英推荐
Chinese manufacturers are capitalising on the growing popularity of plug-in hybrid electric vehicles (PHEVs), which combine internal combustion engines with electric motors. According to Bernstein, global PHEV sales rose 50% year-on-year in the first five months of 2024, significantly outpacing the 9% growth rate for pure electric vehicles (EVs). In China, the world's largest automobile market, PHEV sales surged 70% in the first half of the year, while pure EV sales increased by 16%. PHEVs are favoured for their fuel savings without range anxiety, allowing drivers to use gasoline for long trips and electricity for daily commutes. Chinese automakers are introducing competitively priced models, making PHEVs more accessible than gasoline vehicles. For instance, BYD's Qin Plus sedan is priced around $11,000 in China.
電動キックスケーター、改正ルールまだまだ周知不足…大阪では違反続発「１年で２０００件超」
Yomiuri Shimbun | Local Language | News
In July, the enforcement of the revised Road Traffic Act, which classifies eligible electric kick scooters as "specified small motorized bicycles," marked one year. Riders, who do not require a license, have increased usage; however, over 2,000 traffic violations were recorded, primarily due to dangerous riding practices. The Osaka Prefectural Police are enhancing efforts to raise awareness and enforce rules, following a crackdown where 13 users were ticketed for various violations, including not respecting speed limits on sidewalks and ignoring traffic signals. In a year, violations surged from 25 to 359, with 1,171 cases of "traffic division violation." There were also 38 accidents involving injuries or fatalities. The police urge users to prioritize safety and familiarize themselves with the rules. Under new regulations, riders aged 16 and older can operate scooters that meet specific safety criteria, and they are prohibited from riding two people or while intoxicated.
South Korea
?? ?? 日? ???…???, ??? ???? ?? ???
ZD Net Korea | Local Language | News
Hyundai Motor Company's IONIQ 5 N has been recognized as a significant model for battery electric vehicles. It is being used as the official circuit vehicle at Fuji Speedway in Japan for one year, beginning August 1. This selection highlights Hyundai's high-performance capabilities in a challenging market for imported car brands. The IONIQ 5 N, launched in Japan in June for 8.58 million yen, has seen a sales increase of nearly 50% in the first half of the year. Local perceptions of Hyundai are shifting as it gains recognition in the competitive Japanese automotive industry. Industry insiders note that the growing electric vehicle market presents opportunities for Hyundai to establish a stronger foothold.
"59?? ?? ??" ?? ?? ??? ?? ????
Newsis | Local Language | News
On August 1st, a fire broke out in the underground parking lot of an apartment complex in Cheongna-dong, Incheon, involving a Mercedes-Benz electric car. The blaze started around 6:15 a.m. and took approximately 8 hours and 20 minutes to extinguish, damaging around 140 vehicles—40 were completely burned and about 100 suffered scorching damage. The police and the National Forensic Service are conducting a joint investigation to determine the cause of the fire, with a forensic examination scheduled for August 8th. The vehicle was parked by its owner on July 29th and was not charging at the time of ignition. CCTV footage showed no external shocks after parking. The fire caused significant smoke, leading to the evacuation of 103 residents, with 135 being rescued and 22, including infants, treated for smoke inhalation, though none were in life-threatening condition. The fire department deployed 323 personnel and 80 pieces of equipment to manage the incident.
Korea Times | English | News
Korean battery manufacturers LG Energy Solution, Samsung SDI, and SK On are increasingly focusing on prismatic batteries due to their enhanced safety compared to pouch-type batteries amidst rising global demand from electric vehicle (EV) makers. LG Energy Solution is establishing an internal task force for mass production of prismatic batteries, transitioning from its previous focus on pouch and cylindrical types. The market share for prismatic batteries in Europe has surged to 49% in 2023, while pouch and cylindrical batteries have decreased to 35% and 16%, respectively. Samsung SDI projects continued growth in the prismatic battery sector, noting increased collaboration requests from EV manufacturers. Additionally, Volkswagen plans to use prismatic batteries in 80% of its EVs by 2030. SK On is investing in R&D for prismatic batteries, having completed their technological development, focusing on a diversified portfolio for various EV segments.
Joongang Ilbo | English | News
Seoul's Climate Card transportation pass was officially launched last month following a successful pilot in January. The prepaid transit pass allows unlimited rides on most subway lines, buses, and public bicycles in the city and has gained popularity, with one million passes sold within 70 days. New short-term options, including one to seven-day versions, were introduced to cater to travellers, with the three-day pass being particularly popular. Despite its extensive coverage, it does not include certain transportation options like the private Shinbundang Line and airport buses. The Climate Card aims to reduce transportation costs and encourage public transport usage, contributing to decreased car usage and greenhouse gas emissions. Users can purchase physical cards at various locations or use a mobile version available on Android. Additional benefits for cardholders include discounts at various attractions, and plans for expansion to neighbouring cities are underway. Future developments include credit and debit cards integrating Climate Card functions.
Vietnam
VEAM Motor ra m?t m?u xe t?i m?i có kh? n?ng chuyên ch? ly t??ng
VTV News | Local Language | News
VEAM Motor, a subsidiary of Vietnam Engine and Agricultural Machinery Corporation, has launched the Truck Mate T25 light truck in 2024. This gasoline engine truck features an ideal load capacity of 990kg, a bed length of 3.05m, a wheelbase of 2.6m, and an overall length of less than 5m, making it suitable for urban transport with a minimum turning radius of 5.3m. The design emphasises flexibility, sturdiness, and safety, incorporating a modern, luxurious interior reminiscent of passenger cars. The Truck Mate T25 is equipped with advanced features, including projector headlights with automatic on/off functionality based on ambient light, daytime LED navigation lights, and a high-load-bearing monolithic bridge. Its DAM15 engine utilises Japanese technology and an electronically controlled multi-point fuel injection system. The vehicle also includes a lightweight DAT18R gearbox designed for smooth shifting, a hydraulic-driven clutch for ease of gear changes, and an advanced suspension system to navigate various terrains. The braking system features ABS and EBD for enhanced safety, and a 50L fuel tank capacity is noted as the largest in its segment. The Truck Mate T25 is available in various box designs, catering to diverse cargo transportation needs and promising fuel efficiency and economic value.
Taiwan
獨／運量粗估達標 林口輕軌可望列優先路網
United Daily News | Local Language | News
The Linkou area has seen significant population growth, leading to traffic congestion during rush hours. The Linkou light rail project aims to address this issue. Initially not prioritised due to a transportation capacity of 3,500 passengers per kilometre, the New Taipei City Rapid Transit Bureau has recently reported that the volume has exceeded this threshold, allowing the project to proceed towards inclusion in the priority road network. MRT Bureau officials have submitted relevant information for confirmation, indicating possible plans for medium-volume MRT construction if capacity reaches 6,000 passengers. Despite support from local officials, there are concerns about the timeline for light rail construction, with recommendations for interim bus solutions. Additional evaluations of the route are necessary to ensure effective connectivity.