This merger aims to create a domestic auto powerhouse valued at over USD 2.15 bn, with the potential to drive EV development in Malaysia.

This move comes as Zeekr aims to replicate its successful USD 13 billion valuation achieved in a private USD 750 million funding round.

This brings Xiaomi a step closer to realizing its goal of entering the automobile market by producing cars as early as next year.

Major automakers have set their sights on producing and selling hundreds of thousands of hybrid vehicles over the next five years.

TVS X boasts impressive performance metrics, including a 0-40kmph acceleration in just 2.6 seconds and a sustained top speed of 105 kmph.

This strategic move comes as a response to the anticipated scarcity of crucial chips that are essential for modern vehicles.

Based on first impressions, the Lanzador looks like a combination of the Urus and Huracan Sterrato – a performance SUV on stilts, if you will …

It is expected that the changes will reflect the ongoing challenge of rising input costs for the automotive industry.

This acquisition propels AXISCADES towards solidifying its leadership in engineering and technology solutions within the automotive sector.

The new crash test ratings, tailored for Indian conditions, will be effective from October 1, 2023, following official approval.