Volvo Car Malaysia (VCM) is expected to launch the Volvo EX30, a fully electric, lower priced entry point into the Volvo family, later this year. Several units have been spotted outside VCM’s head office in Petaling Jaya. In Thailand, the EX30 is priced 20% lower than the fully electric variant of the XC40 Recharge, which has since been renamed as the EX40. The EX40 starts at THB 1,990,000. The EX30 is sold there with a starting price of THB 1,590,000, for the 69-kWh base single (rear) motor ext

Hans

Aug 8, 2024

In 2023, authorities conducted an average of more than two raids daily on counterfeit Mercedes-Benz products, leading to the seizure of over 1.6 million counterfeits worldwide. This represents a nearly 20% increase in raids compared to the previous year. Additionally, more than 142,000 counterfeit product listings were removed from social media and online platforms. Mercedes-Benz's brand protection team was on overdrive as they hunted these fake parts, which include small items like counterfit p

Sanjay

Aug 8, 2024

Thailand’s Board of Investment (BOI) has approved investment privileges for Hyundai to set up plants in the country to manufacture battery electric vehicles (BEV) and battery modules. Hyundai would initially invest THB 1 billion (RM 130 million) in the project with Thai partners, Thonburi Automotive Assembly Plant Co Ltd and Thonburi Energy Storage Manufacturing Co Ltd. The Hyundai plants would begin operations in 2026 while the BOI would work closely with Hyundai to select suppliers of key part

CY Foong

Aug 8, 2024

Honda has hit an all-time high quarterly operating profit of 484.7 billion Yen (~RM 14.9 billion) for the first quarter of its financial year ending 31-March 2025 (FY2025). The figure is 22.9% higher than the same April – June quarter in FY2024. Honda’s operating margin also improved to 9%, up from 8.5% in the same quarter of the previous financial year. Honda attributes the strong performance to increased sales of motorcycles in India and Brazil, strong demand for its hybrid cars, and a weak Ye

Hans

Aug 8, 2024

Autocar reports that Proton is "on the verge of a major global export expansion" that will see the Malaysian carmaker begin or restart sales in several right-hand drive (RHD) markets, reports UK news outlet Autocar. Quoting an anonymous source close to its CEO, Li Chunrong, the report states that the Geely-owned homegrown carmaker could return to the UK, a market the brand was in from 1989 to 2014, as well as Australia and New Zealand. The report also states that "new RHD markets" throughout Asi

Sanjay

Aug 8, 2024