Malaysia Used Car News

Related Vehicles Industry News

• April 2024: Tata Motors launched the innovative Harman Ignite Platform in its passenger vehicles, which is fully compliant with the Android Automotive Operating System (AAOS) standard that connects OEMs with developers to provide consumers with unique in-vehicle digital experiences.
• April 2024: Kia Motors confirmed the expected launch of the EV9 electric SUV and the new-gen Carnival in 2024. The EV9 will be equipped with features such as a Level 2 ADAS suite, dual digital screens, connected car technology, electrically adjustable seats for the second row, a powered tailgate, and multi-zone climate control, among other features.

• January 2024: Toyota’s first EV was sold in South Africa, and the BZ4X will arrive in the country in 2025. The company announced its State of the Motoring Industry 2024 event in Johannesburg.
• June 2024: Kigali-based EV energy tech company Ampersand signed a landmark agreement with Chinese EV company BYD to advance electric motorbike development in Africa. Ampersand will source batteries from BYD, its primary supplier, to produce approximately 40,000 electric motorcycles by the end of 2026.

• January 2024: Chery Malaysia partnered with the Southeast Asia used-car platform Carsome for vehicle trade-ins and training. Through two memorandums of understanding (MoUs) signed with Carsome and Carsome Academy, the focus is on improving vehicle trade-ins and enhancing soft skills within the brand’s representative network.
• October 2023: Edaran Otomobil Nasional Berhad (EON), a subsidiary of the Malaysian-listed conglomerate DRB-HICOM, made a strategic investment in Genie Malaysia, a subsidiary of the Singapore-based online used car platform Carro.

• March 2023: Hyundai Australia announced that it has begun selling used Ioniq 5 models on its company’s website, beginning with 23 vehicles initially.
• May 2023: Sojitz Corporation acquired full ownership of Albert Automotive Holdings Pty Ltd, which operates a wholesale and retail used car business as part of Dutton Group.

• October 2023: CarSwitch, a Dubai-based online used car marketplace, announced its plans to expand its operations across the United Arab Emirates and launch new services, such as car financing and subscription services. The company is also planning to open new physical showrooms in major cities across the country.
•  January 2023: Linda Cars, a used car dealership in the United Arab Emirates, announced its expansion with the opening of a new showroom in the Al Quoz area of Dubai. The new facility will host some of the United Arab Emirates’ prominent car brands, including Porsche, Mercedes, Audi, BMW, Jeep, Jaguar, and Range Rover.

• In November 2023, Huawei is partnering with Changan Auto, a Chinese car manufacturer to create a new entity for the development of sophisticated automotive systems and components. In this joint venture, Huawei will hold a significant share with Changan Auto's ownership not surpassing 40%. 
• The company's primary focus will be on the research, development, manufacturing, sales, and servicing of intelligent automotive systems and solutions for components. This collaboration highlights Huawei's into the automotive industry and emphasizes its commitment to advancing automotive technology.
• In August 2023, A research team led by Clemson University in collaboration with NETL and with support from Honda has developed a lightweight vehicle door using carbon fiber, thermoplastic resin, and advanced computer design. 
• This door is 32% lighter than a conventional steel door and successfully meets federal safety standards and Honda's specific safety requirements. This innovation is significant for the automotive industry as it offers a way to create safer, lighter vehicles that are more fuel-efficient and produce fewer emissions, without compromising on performance.
• In June 2023, ZF has unveiled EVbeat an electric concept vehicle emphasizing utmost compactness, minimal weight and optimized efficiency in actual use. In this electric vehicle by ZF, the elements of an electric drivetrain are finely tuned and integrated into a cohesive system. 
• Additonally this includes an ultra-lightweight, highly compact driveline weighing just 74 kg boasting an impressive torque density of 70 N·m/kg. This concept represents ZF's commitment to enhancing the efficiency and performance of electric vehicles through advanced system integration and lightweight design.
• In May 2022, Mercedes-AMG unveiled its Vision AMG all-electric concept car. The four-door coupé is built on the AMG. A platform is being developed in Affalterbach for all-electric performance models. The Vision AMG's innovative Axial Flux Motor was developed by Mercedes-Benz's wholly owned subsidiary YASA. Its compact and lightweight design provides significantly more power than conventional electric motors.

• March 2022: Toyota Motors Europe (TME) announced a major new contract with INDICATA Europe to roll out its used car pricing data to 13 countries over the next two months. INDICATA developed a bespoke reporting suite for TME that tracks all the online used Toyota and Lexus adverts from its dealer networks across Europe and presented it into an easy-to-read dashboard for each country.
• March 2022: Inchcape announced that it pulled out of the Russian market as a result of the ongoing conflict in Ukraine. The company stated that in light of the current circumstances, they concluded that the Group's ownership of its business interests in Russia was no longer tenable.
• March 2022: TrueCar Inc. launched a new online car-buying marketplace called TrueCar+. TrueCar+ was to provide consumers with a more flexible and personalized car buying experience for new and used vehicles.

• May 2023: Dynacast Manufacturing Inc. inaugurated a new USD 4 million plant in Leon, Mexico. The plant will focus on manufacturing commercial vehicles, including electric buses and etc.,
• April 2023: Iochpe-Maxion Structural Components and Forsee Power announced a partnership to offer the integration of battery systems for electric vehicles and buses.

In August 2022, Kalmar which is the part of Cargotec got the supply deal for the three T2i terminal tractor at the Maldives Port Limited. The orders are scheduled to be delivered by Q1 of 2023.

In June 2022, côte d'ivoire terminal has announced the delivery of 14 new APM 75T HE electric terminal tractor supplied by Gaussin for the usage of transportation services at port of Abidjan. Although, the order was made of 36 terminal tractor units which will be supplied in phases by end of 2022.

In December 2021, Mercury Marine which is a division of Brunswick Corporation opened a centralized, purpose-built distribution center near Indianapolis, Indiana. The new 512,000 square-foot facility will felicitate several Mercury Marine products including inflatable boats.