TyreXpo’s Post

On January 12, Nezha Automobile signed a contract with a Malaysian partner to build the world's third overseas factory. This marks another important progress in Nezha Automobile's global development and will further strengthen Nezha Automobile's presence in Southeast Asia and the global market. Influence. Amnuddin, the Minister of State of Negeri Sembilan of Malaysia, participated in and witnessed this event. As an emerging economy, Malaysia’s open economic policies and specific measures to support sustainable development have made it a hot spot for the new energy vehicle industry. The national energy transformation roadmap released by the Malaysian government in recent years, as well as the preferential tax policies for the new energy vehicle industry, have provided companies such as Nezha Automobile with broad development space. Previously, Nezha Automobile has established production bases in Thailand and Indonesia. The ecological smart factory in Thailand has been put into production at the end of November 2023, and large-scale production is planned to start in the first quarter of 2024; in Indonesia, Nezha Automobile will Localized production will begin in the second quarter of this year. The core goal of this series of layouts is to improve the delivery capabilities of overseas products and meet the growing global new energy vehicle market demand. #Connectors  #Terminals #CableHarness #CableHarnessManufacturers #CableHarnessManufacturers #CableHarness #WireHarness #componentsdistribution #supplychainmanagerment #Electronicswholesale

🚗 The Great Potential of Indonesia's Automotive Industry: Challenges and Opportunities 🇮🇩 Indonesia has huge potential in the automotive industry, fuelled by plentiful natural resources and a large domestic market. With a population of more than 270 million, Indonesia is one of the largest automotive markets in Southeast Asia, attracting global manufacturers to build their production facilities here. Why is Indonesia Important in the Automotive Industry? 🔹 Production and Exports: Indonesia is one of the leading automotive manufacturers in the region, with most of its vehicles exported to various countries. 🔹 Strong Domestic Market: The MPV vehicle is very popular in Indonesia, with annual car sales reaching millions of units. 🔹 Future of Electric Vehicles: With a wealth of nickel reserves, Indonesia is striving to become an electric vehicle production centre, supported by government initiatives that offer incentives and develop charging infrastructure. Exciting News! 🎉 Indonesia Pavilion, organize by the Embassy of Indonesia in Berlin, will be participating in the Automechanika Frankfurt 2024 exhibition in Frankfurt, from September 10 to 14 at Messe Frankfurt. You can find us at Stand 4.2 No F11. This is a great opportunity to showcase Indonesia's automotive potential to the world. Let’s work together to advance Indonesia’s automotive industry and make it more competitive on the global stage! 🌍 #AutomotiveIndustry #Indonesia #Automotive #ElectricVehicles #Technology #Innovation #Automechanika2024

https://lnkd.in/daCsSvVr The Marine Seats Market is thriving, with global demand predominantly met by imports from China, Japan, and India. The United States leads the way as the top importer, followed closely by India and Indonesia securing the third spot. This robust trade reflects the growing interest in high-quality marine seating solutions, essential for enhancing comfort and safety on the water. As the market increases, manufacturers and suppliers are positioned to capitalize on this upward trend in maritime activities. The Marine Seats Market is sailing towards significant growth! Valued at USD 1.68 billion in 2023, it is expected to expand at a CAGR of 4.3% from 2024 to 2030. By the end of the decade, the market size is projected to reach nearly USD 2.26 billion. This growth is driven by increasing demand for comfortable and durable seating solutions in marine vessels worldwide. With innovations in materials and design, the industry is set to enhance passenger experience and safety. Stay tuned for more updates on how this market evolves and the opportunities it presents for businesses and investors. #MarineIndustry #MarketGrowth #Innovation #MarineSeats #BusinessOpportunities

Continental and Toyo at Crossroads? tv The Future of Tyre Manufacturing in Malaysia The departure of Goodyear Tire from Malaysia marks a poignant moment, especially for car enthusiasts like the Sultan of Selangor, who cherished the brand for legendary drives, notably the 1997 Beijing to Paris journey. This exit raises questions about government policies towards foreign investors. Tan Sri Rafidah Aziz, a prominent figure, highlighted the need for Malaysia to understand the reasons behind such corporate withdrawals to prevent further relocations. A critical factor in Goodyear's decision appears to be the cost competition from replacement tyres manufactured in China, Vietnam, and Thailand, which offer a significant price advantage. This trend not only impacts Goodyear but also poses questions for other tire manufacturers like Continental and Toyo, who have investments in Malaysia. Continental, for example, has already shifted production of its legendary Centipede off-road tyres to Vietnam. These developments hint at broader challenges faced by countries like Malaysia in a global landscape increasingly dominated by manufacturing giants like China.

Developments in the Chinese and European tyre markets compared Earlier this year, during recent visit to China, on the sidelines of the GRTAE expo hosted in what can only be described as the tyre capital of the People’s Republic, Tyres & Accessories enjoyed a panel discussion with Car & Tire editor, Alex Shi. Formerly an executive within the tyre industry – including time with Goodyear – Car & Tires is known for its focus on tyres and is particularly strong when it comes to tyre testing and in the social media space. Indeed, they are something of a force online, with some 300,000 followers on WeChat, which is a bit like WhatsApp here in the West. True to form, not only was our discussion hosted in the main meeting room at GRTAE, it was also video recorded and streamed live to a potential of hundreds of thousands of Chinese-language followers in the East. Beginning with the current state of the respective Chinese and European tyre markets in light of recent macro-economic market trends, our discussion then moved onto the similarities and differences between the European and Chinese online tyre sectors. Join us for an in-depth discussion on electric vehicle tyres and a fascinating comparison between the Chinese tyre market and the European tyre market! Our expert guest will explore the latest trends, innovations, and advancements in electric vehicle tyre technology. Learn about the unique considerations and requirements for tyres designed specifically for electric vehicles, and how they impact driving performance and sustainability. Explore the differences between the Chinese and European tyre markets, from manufacturing standards to regulatory requirements, and discover how these factors influence tyre quality and performance. Don't miss this exclusive opportunity to gain valuable insights and knowledge about the future of electric vehicle tyres and the dynamic landscape of the global tyre market. Tune in for a comprehensive discussion that will broaden your understanding and help you make informed decisions when it comes to choosing the right tyres for your electric vehicle! You can watch the longer video here: Click here for full coverage of the latest developments including details relating to the Chinese electric vehicle tyre space: https://lnkd.in/e2NyrQTs For more on “direct retail, pre-sale research and social media in China and Europe”, click here: https://lnkd.in/euQ2EEDK https://lnkd.in/e3YiTYbR #ElectricVehicleTyres #GlobalTyreMarkets #Tyrepress #TyrepressChina #China #Europe

THRIVE IN THE FIELD OF AUTOMOTIVE MOBILITY: TIPS AND INSIGHTS GERMAN BUSINESSES NEED TO KNOW   ⚙ Vietnam’s burgeoning middle class and increasing disposable income are driving demand for automobiles, presenting a significant market for German automotive manufacturers. Besides, Vietnam’s participation in multiple free trade agreements (FTAs) reduces tariffs and facilitates smoother trade flows, making it easier for German automotive companies to operate.   ✅ What kind of aspects do German businesses need to know when looking to enter the automotive mobility sector in Vietnam? ✦ Understand local market dynamics ✦ Build strong local partnerships ✦ Leverage government incentives ✦ Invest in local talent and training   💡 To hear detailed tips and advice from industry experts and explore what AHK Vietnam could do to facilitate your strategies, save the date to meet Peter Kompalla at the panel discussion in terms of Automechanika Ho Chi Minh City 2024! ✦ Date: 20 June 2024 ✦ Time: 09:45 – 12:30 (Reception: 09:15) ✦ Venue: Conference A, Hall A, Saigon Exhibition and Convention Center (SECC), Ho Chi Minh City, Vietnam ✦ Language: Vietnamese, English ✦ Register >>> https://lnkd.in/gXMc76Kt #AHKVietnam #PartnerInVietnam #BusinessOpportunities #Automechanika #PanelDiscussion

An update about our progress in Rugao!

#carindustryanalysis: #CHINESE_CAR_BRAND POSITIONING There are 11 major Chinese carmakers and many minor ones. The former group includes a bunch of brands that include low-cost ones up to #luxury ones. Then there is the group of the minor OEMs that includes the start-ups #industry #manufacturing #automotive #felipemunoz #china #greatwallmotors #byd #geely #chery #changan #dongfeng #saic #nio #brand #marketing #sales #business #management

The third generation is presented on the Macedonian market where Tiguan is very popular