Xiaomi grabs attention in China’s auto industry

BYD/DJI; Denso/FPT; Infineon/EVE Energy; Toyota Kentucky

Forward this email  |  View in browser JustAuto In Brief December 16, 2024 SPOTLIGHT READ Xiaomi SU7: a game changer in the Chinese auto market Xiaomi Automobile gained market prominence with the launch of its first New Energy Vehicle (NEV), the Xiaomi SU7, in 2023. Got a minute to take part in our research?  Answer the poll LATEST NEWS BYD acquires stake in DJI's automotive subsidiary The investment is part of BYD's plan to add advanced features, like a camera-enhanced rear-view mirror for lane changing.   Trump team to scrap car-crash disclosure rule opposed by Tesla – report The recommendation could limit the government's ability to regulate automated-driving system safety, affecting key NHTSA investigations.   Infineon and EVE Energy sign MoU to advance battery management systems Under the terms of the MoU, Infineon will provide a complete chipset to EVE Energy.   Toyota Kentucky invests in new paint facility Toyota says it remains committed to investing in US manufacturing operations.   Porsche SE to assume impairment of up to $21bn on Volkswagen investment Porsche SE holds a 31.9% equity share and 53.3% of the voting rights in Volkswagen.   Malaysia vehicle sales fall 8% in November Consumers waiting for year-end promotions.   FPT and Denso partner for software-defined vehicle innovation The companies will also establish an offshore development centre focused on human resource development and training.   Sona Comstar targets East Asia in expansion strategy The company expects revenue from Eastern markets to exceed 50% of its total within five years. Read more news IN-DEPTH READ Automotive Fuel Cell Powertrains​​ Market Overview   GlobalData's latest report provides a comprehensive overview of the recent market developments and tech foresight & patent analysis of the global automotive fuel cell powertrains market. The report also provides a detailed sector-wise and regional market outlook from 2019 to 2029. Per our analysis, the fuel cell powertrains market volume is estimated at 11.7 thousand units in 2024 and will grow at a CAGR of more than 59% from 2024 to 2029. Buy report MORE FOR YOU Are you ready for the challenges ahead in 2025?   GlobalData Consumer Divisions advisory research and consulting service offers unrivalled sector-level expertise and advice to help you solve your most complex and important challenges. Find Out More Just Auto Digital Magazine   Issue 22 | December 2024   In this issue: What's in store for 2025? We take a look at major industry developments and trends. Read the magazine Click below to view more from across the network: Airport Technology   |   Railway Technology   |   Ship Technology   Was this email forwarded to you? Sign up here.   Please send any news or comments to: editor@just-auto.com   GlobalData   At GlobalData we have a proven track record in helping thousands of companies, government organizations, and industry professionals benefit from faster, more informed decisions. You can update your communication preferences to make sure you receive the right information for you.    GlobalData, John Carpenter House | Registered in England No. 03925319, John Carpenter Street, London, EC4Y 0AN, United Kingdom London  Unsubscribe  |   Manage Preferences