As Africa's economies steadily rebound and grow, urbanization rates continue to rise, and disposable incomes increase, a youthful population with burgeoning mobility needs has driven vehicle ownership to soar over the past decade. The IMF reports that Sub-Saharan Africa's per-capita GDP grew at an a
As the global economy gradually emerges from the pandemic's shadow, the sensitive nerves of supply chains are once again being jangled by tariff policies. For the US tyre market, the latest round of tariffs imposed on certain imported products undoubtedly serves as a stark warning. This is not merel
Since 2021, with the outbreak of the global COVID-19 pandemic, the strong resilience of China's automotive supply chain has been fully demonstrated. The Chinese car export market has shown exceptional growth over the past two years. Preliminary statistics indicate that in March 2024, Chinese indepen
In the era of the energy transition, questions of state control and power are back on the agenda in a big way. All of these dynamics are coming to the fore now, particularly as the US and the EU – seeking to lessen their industries’ dependence on Chinese actors – pursue various state policies to gain greater access and control over the so-called transition minerals. This longread examines some of the tensions the Indonesian state is facing along with its contradictory policies as it seeks to navigate these challenges.
Electric vehicles (EVs) have emerged as the sole growth area in the automotive market, amid a decline in overall car sales since their peak in 2017. As the world transitions towards a sustainable future, the EV market is expected to foster innovation and drive growth in one of the economy’s crucial
Global automotive sales were hit hard by the pandemic; the market lost confidence and buyers remained understandably cautious, even when COVID-19-related restrictions began to lift. Light vehicle (LV) sales eventually started to rally in 2021 and thankfully moved up a gear in 2022—for the past 12 mo
Like the rest of the world’s industries, the automotive landscape is changing.Due to supply chain issues, new cars are harder to get, and labor challenges are compounding the problem. Consumers are keeping their cars longer and there’s a rising demand for auto parts — whether new or refurbished.Adde
With energy prices in Europe skyrocketing, placing business bottom lines in triage mode, a harsh winter could place certain automotive sectors at risk of being unable to keep their production lines running.
TOKYO -- Honda Motor Co. is considering building a separate supply chain that would reduce its dependence on China, the Sankei newspaper reported on Wednesday, in what would be a high profile move with global implications by a major Japanese manufacturer.Many big Japanese companies have built extens