China's hyper-competitive automotive market is on course of claiming another victim in the form of HiPhi, as the luxury battery electric vehicle (BEV) maker's parent company, Human Horizons Group Inc. has filed for bankruptcy, according to a Bloomberg report. Referencing a court document published last week, the manufacturer lodged an application to a People's Court in Yancheng, saying its assets could no longer cover debt as of April 2024 and thus fulfils the conditions for a bankruptcy. HiPhi

Sanjay

Aug 13, 2024

Artificial intelligence (AI) has become a strong buzzword with much controversy like crafting a Merdeka Day poster depicting the Petronas Triplet Towers. However, an Indonesian minister claims that AI can help to save the country’s fuel subsidy budget. As reported by Indonesian news agency, Antara, the nation’s Maritime Affairs and Investment Coordinating Minister, Luhut Binsar Pandjaitan, said Indonesia can save up to IDR 50 trillion (RM 13.9 billion) annually by employing AI to tighten control

CY Foong

Aug 12, 2024

Korea’s local city government in Seoul is proposing to revise its Guideline for Apartment Management Rules, by the end of September, reports Korea's Yonhap news agency. The revised guidelines will ban battery EVs (BEVs) with more than 90% state of charge (SoC) from entering underground car parks of residential buildings. Specifics of the implementation are still being discussed. This follows a fire from a Mercedes-Benz EQE that has been parked for three days in an apartment complex in Incheon. S

Hans

Aug 12, 2024

Over the weekend, the Nissan Kicks e-Power was previewed at Edaran Tan Chong Motor (ETCM) roadshows in Johor Bahru and Putrajaya. The fully camouflaged hybrid crossover made its public local debut at the 2024 Malaysia Auto Show in May and has been going on a nationwide tour since. While not explicitly mentioned officially, the Kicks e-Power is hinted to be launched by the fourth quarter of this year. “Nissan plans to launch an all-new e-Power model in Malaysia in Q4 2024,” ETCM mentioned in a pr

CY Foong

Aug 12, 2024

The new 2024 Chery Tiggo 8L was recently launched in China but don’t mistake this as an all-new generation of the Tiggo 8 Pro. Even though both share the same auspicious number, the Tiggo 8L is a completely different model that will be sold alongside the Tiggo 8 Pro in China. 5 variants are offered in China with prices ranging from CNY 129,900 to CNY 174,900 (~RM 80k-108k). Only one powertrain is offered which is a turbocharged 2.0-litre 4-cylinder petrol engine (254 PS/390 Nm) paired with an 8-

CY Foong

Aug 12, 2024