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.

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

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.

This model empowers dealers to identify potential customers, assist in the collection process, and serve as the main point of contact.

The DMV’s move comes shortly after a Cruise robotaxi was involved in a collision with an emergency vehicle in San Francisco on Thursday evening.