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AUTO

Beijing show opens to uncertainty
September 27, 2020

BEIJING: China’s auto market has rebounded smartly from the COVID-19 crash in recent months, especially for high-end cars, but questions about the durability of that recovery hung over the Beijing autoshow that started on Saturday.

A rare industry event being held in person during the pandemic, the show marks a triumph for the world’s biggest car market, pummelled from late"...

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Alpho: Electric Vehicles: Getting Closer to the Break-even Point
September 21, 2020

Despite COVID-19 crisis, electric vehicle sales break records, says chief analyst of Alpho Milosh Pham. In Germany, their sales almost doubled from H1 in 2019 to H1 in 2020. The falling sales of regular petrol-powered cars of at least 20% are also important.

The surge in demand for electric cars is accompanied by extremely bullish market sentiment reflected in the development of Tesla’s"...

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Scania launches first series of electric trucks
September 16, 2020

Scania, a part of Traton SE, a world-leading provider of transport solutions, is today launching its first series production range of electric trucks, a milestone in the company's journey as it drives the transition to a more sustainable transport system.

The vehicles in the new range - a fully electric"...

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SellAnyCar.com expands into Saudi following $35mln funding
September 3, 2020

Online auto marketplace SellAnyCar.com is to expand into Saudi Arabia with the launch of Kayishha, following a $35 million funding earlier this year.

The company, which provides online valuations before buying cars from owners and selling them on to third parties, announced plans for Saudi expansion in February when it received the investment led by Sanabil Investments, part of the Saudi"...

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Mercedes-Benz Joins The Climate Pledge and Delivers More Than 1,800 Electric Vehicles to Amazon’s Delivery Fleet in Europe
August 28, 2020

  • This order marks the largest electric vehicle commitment for Mercedes-Benz Vans to date
  • The electric vehicles from this order will begin making deliveries to customers in 2020, helping to save thousands of metric tons of carbon
  • The Climate Pledge, co-founded by Amazon and Global Optimism, is a commitment to reach net zero carbon by 2040—ten years ahead of the Paris Agreement

Today, Amazon (NASDAQ: AMZN) announced it"...

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GM bets on electric Cadillacs and micro-vans
August 20, 2020

SHANGHAI: General Motors (GM) is overhauling its Chinese line-up with a greater emphasis on electric cars and smart-driving technology to stem a slide in sales after more than two decades of growth in a country that contributes nearly a fifth of its profit.

GM’s new China boss Julian Blissett told Reuters it would renew its focus on luxury Cadillacs, roll out bigger but greener sports-utility"...

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Tesla supplier develops battery with no nickel, cobalt
August 16, 2020

SHANGHAI: China’s Contemporary Amperex Technology (CATL), a Tesla supplier, is developing a new type of electric vehicle (EV) battery that contains no nickel or cobalt, a company executive said on Saturday.

Nickel and cobalt are key ingredients in the batteries that power EVs. Battery makers from Japan’s Panasonic Corp. to South Korea’s LG Chem are lowering the use of"...

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Uber to provide free trips in Saudi Arabia
August 13, 2020

Uber, in partnership with Mastercard and Al Nahda, a Saudi NGO dedicated to empowering women, will be facilitating free rides to select beneficiaries across the kingdom for the next two months.

The strategic partnership between Mastercard and Uber spans across Middle East & Africa and is the largest partnership"...

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Formula 1 and Automobilist announce special collection to celebrate 70th Anniversary
August 3, 2020

Formula 1® and Automobilist have once again partnered to celebrate the sport’s 70th Anniversary, with a special collection of Limited Edition and Collector’s posters honouring the most iconic cars from the last seven decades. The eight-piece collection, which follows the recent release of 70th Anniversary designs by Automobilist, will be available ahead of the EMIRATES FORMULA 1 70th ANNIVERSARY GRAND PRIX 2020, that takes place at Silverstone on"...

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INTERVIEW: The Uber of the trucking world has big plans in Saudi Arabia
August 2, 2020

DUBAI: Midway through our Zoom call, Gaurav Biswas threw a big statistic into the mix: “One interesting fact I’ve learned is that Saudi Arabia has the highest per capita number of trucks in the world,” he revealed with a flourish.

Biswas is the founder and CEO of TruKKer, the Uber of the trucking business and one of the fastest-growing logistics companies in the Middle"...

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