Tag: AUTOMOTIVE INDUSTRY
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Korean Tech Giants Address Innovation and Trade Concerns at CES 2025
CES 2025 highlighted advancements from Korean tech giants like Samsung and LG, focusing on AI and robotics. Amid concerns over potential tariffs from President Trump, both companies expressed confidence in adapting their manufacturing strategies. SK Group explored collaborations in AI chips while highlighting their strong market position. Overall, the event showcased preparations for evolving trade…
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CES 2025: Tech Giants Showcase Innovations Amid Trade Concerns
CES 2025 highlighted AI and robotics advancements while Korean tech giants faced potential trade challenges under the new U.S. administration. Samsung and LG showcased their innovations while addressing concerns about tariffs from President-elect Trump. Both companies demonstrated strategies to adapt to changing trade policies and emphasized their capabilities in AI integration. The Consumer Electronics Show…
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HKSTP Showcases Innovative Technology Solutions in Indonesia
On January 8, 2025, HKSTP showcased innovative technologies at a promotional event in Jakarta, Indonesia. The delegation highlighted green technologies and AI solutions to local business leaders. The event, attended by Hong Kong’s Financial Secretary, was positively received, emphasizing the strong economic ties between Indonesia and Hong Kong. Key representatives from Park companies discussed market…
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Former Nissan CEO Critiques Potential Nissan-Honda Merger as Desperate Move
Former Nissan CEO Carlos Ghosn criticized the potential merger talks between Nissan and Honda, describing them as a “desperate move” indicative of Nissan’s panic amid declining sales and profits. He highlighted the lack of complementarities between the two companies. The merger discussions arise in the context of increasing competition in the electric vehicle market, necessitating…
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Leveraging E-Procurement Tools to Advance Sustainable Purchasing Goals
E-procurement tools assist organizations in achieving sustainable purchasing goals by centralizing processes, enhancing transparency, and providing critical data analytics. These tools empower procurement teams to make informed, responsible sourcing decisions while simultaneously managing costs effectively. The demand for sustainability in procurement is underscored in Amazon Business’s report, highlighting a shared commitment among decision-makers to prioritize…
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Nebraska AG Challenges California’s Push for Electric Truck Transition
Nebraska Attorney General Mike Hilgers has filed a lawsuit against major truck manufacturers alleging collusion to phase out diesel engines in favor of electric trucks, amid stringent regulations imposed by California. He argues this move threatens logistics companies and increases consumer costs, and he seeks to terminate the Clean Truck Partnership, which promotes zero-emission vehicles…
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Hero MotoCorp and Zero Motorcycles Progressing on Mid-Sized E-Bike Development
Hero MotoCorp and Zero Motorcycles are developing a mid-sized electric motorcycle, reflecting significant progress in their collaboration. CEO Niranjan Gupta confirmed the advanced stage of development, with an expansion of electric scooters also underway. The VIDA range is currently available in various Indian markets, and the company remains optimistic about economic growth and international operations,…
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Chinese Companies Address U.S. Semiconductor Export Controls
Chinese companies, responding to new U.S. semiconductor export controls, believe these measures will have minimal effects on their operations. Key firms such as Empyrean, Skyverse, and NAURA have detailed their strategies to maintain stability amid these restrictions. Experts caution that U.S. actions may disrupt the global semiconductor supply chain, ultimately harming American interests. Chinese firms…
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The Car Industry’s Electric Transformation: Lessons to Learn from Kodak’s Decline
The automotive industry is experiencing a shift from combustion engines to electric vehicles, creating new challenges for manufacturers. Experts liken this moment to Kodak’s decline, emphasizing the need for adaptation to evolving consumer demands. Leaders in the EV sector envision a future of widespread adoption, while countries like Norway exemplify successful transitions through supportive policies.…
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Tire Giants Michelin, Bridgestone Adjust Chinese Business to Cope With Rising NEV Demand
International tire manufacturers Michelin and Bridgestone are adjusting their strategies in China to meet the increasing demand for new energy vehicles (NEVs). Michelin is enhancing its product range for NEVs and has ambitious expansion plans, while Bridgestone is boosting investments to cater to specific tire needs for electric vehicles. Both companies aim to leverage the…