More than half of new car dealerships in China suffered losses in the first six months of this year, according to a survey by the China Automobile Dealers Association, as reported by Automotive News China. The Chinese automotive trade association said the proportion of unprofitable dealerships rose from 44% in 2023, to 51% in the first half of 2024. The on-going price war is the reason for the losses. New car dealerships in China are losing on average 1.78 million Yuan (~RM 1.1 million) in the f

Hans

Aug 23, 2024

Over in Trinidad and Tobago, Proton, partnering with ANSA Motors Limited, has exceeded its 2024 shipment target, delivering 261 units to the Caribbean market. This brings the total number of Proton vehicles delivered there to 366 units since 2023. The partnership with ANSA Motors was established in March this year. Since launching the Proton X50 and Proton X90 in the country, the response from buyers has exceeded expectations, prompting ANSA Motors to set a new sales target of 300 units for the

Shaun

Aug 23, 2024

In response to recent reports suggesting that Tesla would not proceed with manufacturing talks in Southeast Asia, the Minister of Investment, Trade, and Industry, Tengku Datuk Seri Zafrul Abdul Aziz, has announced ongoing collaboration with Tesla to position Malaysia as a key player in the green technology sector. Discussions with Tesla Malaysia emphasised the progress and implementation of the Global BEV Pioneer AP Scheme. As of July 2024, Tesla has installed 52 Supercharger units with 250 kW c

Shaun

Aug 23, 2024

Yesterday, MG introduced its lineup of internal combustion engine (ICE) models for Malaysia by announcing bookings and estimated prices for the MG 5 and MG HS. The company is owned by SAIC Motor (which is pronounced ‘syke’ rather than spelt out), the biggest of China’s Big Four state-owned car companies. Though the company was formally established in 1984 following a cooperative agreement with Volkswagen, its car manufacturing roots date back to 1955. Then called the Shanghai Internal Combustion

CY Foong

Aug 23, 2024

Acura is developing an electric sports car reminiscent of the NSX built on the company's 0 Series battery electric vehicle (BEV) platform and scheduled for a 2028 release, according to a report by Automotive News. Quoting Shinji Aoyama, Honda's global executive officer who spoke at the ongoing Montery Car Week, it is said that this "NSX-type vehicle" will utilise the lightweight and thin battery-electric platform introduced at CES 2024, where Honda revealed the 0 Series EVs. Aoyama explained tha

Sanjay

Aug 23, 2024