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Despite mixed picture by region, the global light vehicle (LV) selling rate rose to over 87 million units/year in March.
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Qualcomm and Wayve recently announced a collaboration looking into scalable ADAS solutions for the automotive industry.
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Hyundai’s latest BEV model was designed in Europe and is produced in Turkey.
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Zeekr claims new flagship 8X SUV poses a genuine threat to high-performance luxury SUV segment dominance from BMW, Mercedes-Benz and Audi.
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The move comes as China’s car market faces softer demand, leaving the industry with excess capacity and sharper price competition while domestic carmakers increase their overseas presence.
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The carmaker intends to widen its sales footprint to 13 European countries within the next 12 months.
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CEO Jose Munoz said the Middle East remained the company’s strongest region in margin terms, although it did not deliver “mass” profits.
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The module will be installed in audio, video and navigation (AVN) systems that will in turn be supplied to an unnamed global original equipment manufacturer (OEM).
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