Automotive World China’s Post

PSA Singapore (PSA) has unveiled the PSA Supply Chain Hub @ Tuas (PSCH), a central part of its expansion within Tuas Port. "Strategically situated next to Tuas Port within the Free Trade Zone, the #PSCH will be seamlessly integrated with Singapore’s extensive supply chain ecosystem, offering unparalleled connectivity and scale as a regional distribution centre and a container freight station. Its comprehensive suite of value-added services and the supply chain synergies it creates will further strengthen Singapore’s position as a global logistics and supply chain powerhouse." 👉 𝐓𝐨 𝐊𝐧𝐨𝐰 𝐌𝐨𝐫𝐞: https://lnkd.in/d_-3VWy4 Peter Voser, Kim Pong ONG, Jessie Yeo, Eng Dih Teo, Lawrence Wong, Murali Pillai SC, Nelson Quek, Peet Meng Lau, Hadis Zulkeplie, Maritime and Port Authority of Singapore (MPA), Ministry of Law, Singapore, PSA Marine, PSA International #PSASingapore #SupplyChainHub #TuasPort #Automation #Robotics #SupplyChain2027 #shipping

EHang (NASDAQ: EH), the leading Chinese urban air mobility technology platform, has announced a remarkable 164% year-over-year increase in total revenue, reaching $8.5 million compared to $3.2 million in the same period last year. This significant revenue surge is primarily attributed to higher sales volumes of its EH216 products. “We are thrilled to continue our strong growth in both operational and financial performance. Particularly noteworthy is our obtainment of the PC from the CAAC - Civil Aviation Administration of China for our EH216-S,” said Huazhi Ho, Chairman and CEO of EHang. “Receiving such a certification is a milestone that positions us as the pioneering entity in the global eVTOL industry, marking a significant stride towards mass production and commercial operations for eVTOL aircraft.” Ho further highlighted that the certification accomplishments, coupled with accelerated government support aimed at promoting the high-quality development of the low-altitude economy, spurred a surge in inquiries and orders from diverse entities in China and overseas, including governments and scenic operators. This led to a new record high in deliveries of 26 units of EH216-S during the quarter, contributing to the impressive revenue growth. EHang's gross profit margin stood at 64%, translating to $5.3 million, a slight decline from the 64% margin in the same period last year. Operating expenses grew by 12% to $15 million due to sharp increases in sales, marketing, general, and administrative expenses. However, research and development expenses saw a one-third decline, coming in at $5.2 million. Overall, the company’s net loss narrowed by 31% year-over-year to $8.8 million compared to a loss of $13 million in the same period last year, reflecting significant operational improvements and strategic financial management. For more detailed insights, visit our blog. #AvfoilNews #EHang #UrbanAirMobility #eVTOL #AviationInnovation #EH216 #FinancialGrowth #Aerospace #TechInnovation #FutureOfFlight #LowAltitudeEconomy #SustainableAviation #AviationIndustry

We are delighted to share that BERJAYA TVET College has initiated discussions with Skyworth Group to expand our TVET programme into the electric vehicle (EV) industry. This move aligns with Berjaya Corp Bhd's broader strategy to form innovative partnerships with leading Chinese firms Skyworth Group Co Ltd and Skywell New Energy Automobile Group Co Ltd. KUALA LUMPUR (June 18): Berjaya Corp Bhd has signed agreements to enhance the reach of Skyworth’s home appliances in Malaysia and Southeast Asia, and to establish the Skywell EV brand in the region. This collaboration will drive advancements in essential technologies and bolster the ecosystem, fostering sustainable development and prosperity. Tan Sri Vincent Tan Chee Yioun, founder of Berjaya Corp, emphasized the potential for these partnerships to revolutionize various sectors through collective expertise and regional strengths. Stephen Wong, founder of Skyworth and Skywell, highlighted the opportunity to strengthen talent and localization in the industrial chain, promoting China-Malaysia cooperation in economy, trade, science, technology, and culture. We are excited about the future and the positive impact this collaboration will bring. Stay tuned for more updates! https://lnkd.in/gVt_Scyx #BERJAYATVET #SkyworthGroup #SkywellNewEnergy #EVIndustry #SustainableDevelopment #Innovation #StrategicPartnership #Malaysia #SoutheastAsia

Read my latest article with Forbes Middle East where I explore the future of mobility 🚗💡 Below are some of my insights on how the industry is rapidly evolving: 1. Smart Sustainable Solutions: Priorities are shifting and the era of smart, sustainable mobility is here 🌿 2. Changing Customer Dynamics: Evolving sentiments and changing behaviors are guiding new strategies by dealerships – think digital💻 3. Innovation & Change: We're in a transformative age, and innovation is at the forefront! 🔍 Whether you're an established veteran or an emerging player, our focus is clear: Crafting high-quality, seamless experiences for our customers.💼👥 https://lnkd.in/dP8WEaDn #FutureofMobility #Innovation #Sustainability #Mobility #Automotive #AlMasaoodAutomobiles #Nissan #INFINITI #Renault #AlMasaood

With less than two weeks until the SMMT International Automotive Summit, we look forward to welcoming over 25 world-class speakers from organizations leading the change in the automotive industry 🔝 To view the agenda for the full-day conference, please click here https://lnkd.in/e93K-g43 The #SMMTSummit will take place on Tuesday 25 June at the IET London and will attract an audience of over 300 senior-level representatives from across the breadth of the industry, including vehicle manufacturers, component manufacturers, the aftermarket, government, and the media. There has been a strong uptake of tickets and we expect the event to be fully subscribed, so please register as soon as possible to avoid missing out 😃 To register now, please email SMMTsummit@smmt.co.uk or visit https://lnkd.in/eERCK9Ar We hope you can join us at the SMMT Summit on 25 June. #SMMTSummit #competitiveness #electricvehicles #EnergyTransition #automotive #ukautomotiveindustry #globalmarket #electrification #zeroemission #netzero #roadtonetzero #technology #innovation #people #skills #international #trade #events #industryleadership

Conference on Asia Road Safety (CARS) 2024 was officially inaugurated by the Deputy Prime Minister of Malaysia, YAB Dato’ Seri Dr. Ahmad Zahid Bin Hamidi, at Putrajaya International Convention Centre (PICC). Running from 2nd-4th September, this event brings together over 1,000 experts, policymakers, and stakeholders from across Asia to advance road safety and promote sustainable mobility under the theme “Safer Journey, Sustainable Future”. In his opening address, YAB Dato’ Seri Dr. Ahmad Zahid Hamidi emphasised the necessity of implementing comprehensive measures to elevate safety standards nationwide. He highlighted the importance of public-private sector collaboration and urged agencies such as MIROS and PERKESO to spearhead initiatives that will contribute to safer roads for all. The Deputy Prime Minister also emphasised Malaysia’s significant advancements in road safety, including the forthcoming regulation requiring anti-lock braking systems (ABS) for motorcycles by 2025, as well as the expansion of public transportation through the introduction of special bus lanes, which has already resulted in a marked increase in daily bus ridership. As we move forward, the insights and strategies shared at CARS 2024 will be pivotal in shaping the future of road safety and sustainability across the region. Stay tuned for more updates and highlights from this event. For more information, visit cars2024.perkeso.gov.my #PERKESOPrihatin #PERKESOMembawaSenyuman #VisionZero #MIROS #PLUS_Safety #Conference #AsiaRoadSafety #Putrajaya #PICC #CEP #CPD

📢 Today, on #WorldMotorcycleDay, Autoliv, the global leader in automotive safety systems, and the UNRSF – UN Road Safety Fund are proud to announce the renewal of their collaboration to enhance motorcycle safety on a global scale. This renewed commitment builds on the success of their initial partnership, established in 2022, and reflects a shared vision of saving lives. The Global Status Report on Road Safety 2023 highlights a concerning statistic: motorcycles and scooters account for a staggering 21% of global road traffic deaths despite only making up a fraction of vehicles on the road. Through combined efforts, Autoliv and UNRSF aim to empower the global road safety community – including UN agencies, NGOs, and technology providers – by sharing valuable insights, knowledge, and data. This collaborative approach directly aligns with UN Sustainable Development Goal 3.6, targeting a 50% reduction in road traffic deaths and injuries by 2030, and Autoliv's ambitious goal of saving 100,000 lives annually. This renewed commitment is an important step towards the upcoming Road to Morocco High-Level Pledging Forum in February 2025.

Unlocking the Strategic Significance of the Current Automotive Landscape at the 45th Bangkok International Motor Show. As the automotive industry undergoes a transformative phase marked by a surge in Electric Vehicle (EV) adoption, rapid technological advancements, and intense market competition, businesses are compelled to decipher the underlying implications shaping their strategies for sustainable growth. The 45th Bangkok International Motor Show, scheduled to take place at the Impact Challenger from March 25th to April 7th, 2024, stands as a pivotal event illuminating the dawn of a new era in the automotive market. Against the backdrop of unprecedented challenges and opportunities, industry players are poised to showcase their resilience, innovation, and commitment to meeting evolving customer demands. The convergence of market forces underscores the imperative for companies to not only survive but thrive by establishing themselves as top-of-mind brands for customers. The strategic decisions made during these critical times will shape the trajectory of success for businesses navigating the complexities of the modern automotive landscape. We delve into the strategic nuances reshaping the automotive industry, driving towards a future defined by innovation, sustainability, and customer-centricity. #AudiThailand #BangkokInternationalMotorShow #AutomotiveLandscape

We got the chance to speak at length with ZF Group's Prof Dr Peter Laier at the IAA. Among other things, we asked him what he thought Europe could learn from China's approach to electrification. Read his answer in our article at Truck & Bus Builder: https://lnkd.in/eQSpaw4D

We are thrilled to announce our new partnership with Hyundai Motor Company (현대자동차), marking a significant milestone in our journey towards revolutionising supply chain risk management. This collaboration underscores our shared commitment to innovation, sustainability, and excellence in supply chain operations. 🔎 About the Partnership: Hyundai, a global leader in the automotive industry, has chosen Prewave to enhance their supply chain resilience and sustainability efforts. By integrating Prewave's cutting-edge AI-driven platform, Hyundai aims to achieve greater transparency, efficiency, and compliance across their global supply chain. 🌏 Why This Matters: Supply chains today face unprecedented challenges, from geopolitical risks to sustainability demands. Knowing what's happening deep within your supply chain is crucial for maintaining transparency and resiliency. Our partnership with Hyundai demonstrates a proactive approach to tackling these challenges head-on. By leveraging Prewave's technology, Hyundai will be able to anticipate and mitigate risks, ensuring a more robust and sustainable supply chain. 🤝 A Shared Vision: This partnership is more than just a business arrangement; it's a shared vision of a future where supply chains are not only resilient but also responsible and sustainable. To kick off this exciting collaboration, we had the pleasure of welcoming Hyundai's leadership team at our recent Prewave Day event. We are proud to support Hyundai in their journey towards achieving these goals. Join us as we embark on this transformative journey together! #Hyundai #Prewave #SupplyChainSuperintelligence #Innovation #Sustainability