IAA 2023, US forecast cut, China slows – the week
Our review of the week's best features, analysis, interviews and news
11 September 2023
11 September 2023
Our review of the week's best features, analysis, interviews and news
Would be the first country to produce the next generation EVs
Reversed previous plans to base EV output in China
Need to adjust production capacities to "align with the current context of the global automotive market"
Lotus claims to be pushing boundaries with another electric supercar
Market continued to cool off amid sluggish consumer spending
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The middle class is expanding throughout several Asian nations, which has increased demand for linked and intelligent vehicles. Consumer demand for features like connected services, in-car infotainment, and ADAS has accelerated the development of connected vehicle technologies. APAC nations have made significant investments in enhancing their digital infrastructure, including the rollout of 5G networks, which help to provide dependable and quick communication between vehicles and the surrounding infrastructure.
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