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Daily Newsletter

11 August 2023

Daily Newsletter

11 August 2023

GWM launches in Vietnam

Launch event also opened first dealer

Luke Martin August 10 2023

Great Wall Motors (GWM) has launched in Vietnam with the Haval H6 hybrid. 

A launch event also marked the opening of the first dealer.

GWM ASEAN president Cheng Jinkui claimed a full regional structure was now in place covering R&D, procurement, manufacturing, marketing and sales and service.

GWM said it would continue expanding in the region.

AI is a key part of the digital revolution shaping the automotive sector

GlobalData estimates the total AI market will be worth $909 billion in 2030, having grown at a CAGR of 35% between 2022 and 2030. The automotive sector is undergoing a digital transformation fuelled by changing global supply-chain dynamics, tighter market competition, and rising inflation. AI is a key part of this digital revolution. Focus is directed toward driver assistance features for safety and hazard detection and greater automation of many vehicle processes and functions. Simultaneous localization and mapping (SLAM), facial recognition, and motion tracking will be vital for developing incockpit safety features such as early driver fatigue detection. For the most part, the automotive sector will not play a significant role in creating and developing generative AI hardware or platforms. Instead, it will be a key driver for innovations in machine learning platforms and associated IoT hardware for autonomous driving and ADAS. This will also help to drive advances and greater scale-up of adoption of these AI technologies in adjacent sectors such as travel and tourism and construction.

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