Category: Automotive

Retail Asia28/10/2021
Geely.jpeg
2min0
The Ministry of Finance has said the registration fee for locally manufactured automobiles will be halved for six months until May 15 next year. If the government issues the decree for the purpose after Nov. 15, the fee cut would apply from Dec. 1 to May 31, it said, explaining the reduction is meant to […]

Retail Asia28/10/2021
german-chipmaker-infineon-prepared-to-handle-increased-competition-from-china-ceo-says-1280x853.jpeg
3min0
German chipmaker Infineon Technologies said on Tuesday it plans a 50% hike in investments next year, boosting its shares as it looks to benefit from soaring demand and a global shortage in semiconductors. Infineon said it would invest around 2.4 billion euros ($2.8 billion) in 2022, up from about 1.6 billion euros this year. The […]

Retail Asia27/10/2021
bmw.jpg
3min0
Michigan-based Our Next Energy, which is developing an advanced battery for electric vehicles, has raised $25 million from investors ranging from German automaker BMW to a clean technology venture firm headed by Microsoft co-founder Bill Gates, the young company said on Monday. Investors in ONE’s Series A round include BMW iVentures, Detroit-based Assembly Ventures and […]

Retail Asia22/10/2021
Zeekr-1-1280x853.jpeg
3min0
Chinese EV startup Zeekr has announced that its new 001 sedan is now in production. Zeekr is part of the Geely Holding Group which also owns Volvo and Polestar. The first deliveries of the Zeekr 001 will start in China this weekend. Zeekr is a more luxury-focused EV brand, unlike Polestar which is more mass […]

Retail Asia22/10/2021
Ducati-bike-1280x720.jpg
4min0
Ducati will be the official motorcycle supplier for the FIM MotoE World Cup, the all-electric racing class at select rounds of the MotoGP World Championship, alongside Moto2 and Moto3. Ducati’s partnership with MotoE is set to begin from the 2023 racing season and will continue through 2026. The news of Ducati supplying MotoE machines has […]

Retail Asia21/10/2021
Land-Rover-Discovery-2020-1280x853.jpg
3min0
The Land Rover Range Rover is no ordinary SUV and the arrival of the new-generation model is always special. It’s one of the oldest brands in the full-size luxury SUV segment and the next-generation model will rival the likes of the Mercedes-Maybach GLS and BMW X7 and other premium SUVs like the Aston Martin DBX, Porsche […]

Retail Asia19/10/2021
2020-Mercedes-Benz-GLS-1280x720.jpg
2min0
Hang Xanh Motors Service JSC (Haxaco), a major Mercedes-Benz dealer in Vietnam, reported a record loss, more than VND33 billion ($1.4 million) in Q3, due to social distancing orders. Revenue in Q3 was VND700 billion, down 59 percent compared to the same period last year. Social distancing measures applied in Hanoi, Ho Chi Minh City […]

Retail Asia15/10/2021
hyundai2-1280x856.jpg
3min0
Hyundai Motor’s global chief operating officer said on Wednesday the South Korean automaker wants to develop its own chips to reduce reliance on chipmakers. A global shortage of semiconductors, triggered partly by surging demand for laptops and other electronic products during the pandemic, has shuttered some auto production lines globally this year. Hyundai temporarily suspended […]

Retail Asia15/10/2021
honda-factory.jpg
2min0
Japan’s Honda Motor will launch a new electric vehicle brand in China next year, it said on Wednesday, and will only launch battery-electric, hydrogen fuel-cell or petrol-electric hybrid vehicles therefrom 2030. Known for its fuel-efficient internal combustion engines, Honda sold over 1.6 million vehicles in China last year. The new brand will be called “e:N […]

Retail Asia13/10/2021
Geely.jpeg
1min0
Auto sales in Vietnam plunged 50 percent year-on-year to 13,537 units in September as Covid-19-triggered social distancing forced dealers to close. This is the second monthly lowest figure this year behind August with 8,884 units sold, according to Vietnam Automobile Manufacturers Association (VAMA). In the first nine months, sales rose 5 percent year-on-year, compared to […]

Retail Asia13/10/2021
Jaguar-I-Pace.jpeg
5min0
Jaguar Land Rover has trialed the use of secure blockchain technology to ensure full transparency within a sustainable leather supply chain. In a world-first, Jaguar Land Rover partnered with supply chain traceability provider Circular, leading UK leather manufacturer Bridge of Weir Leather Company and the University of Nottingham to trial the use of traceability technology […]


About Retail News Asia

Retail News Asia is committed to providing local and global retailers with the latest news from the Asian retail market on a daily basis.

We have resources for everyone from independently owned business owners to online-only retailers and major chains expanding their reach throughout the Asian market. Retail News is “the news source” with over 50 weekly posts and 13,6 million readers.


CONTACT US

CALL US ANYTIME

Most read



Retail updates

Stay up to date of the lates updates and retail news from Asia.








X