Fast Lane: Mazda 6e to launch in S'pore in 2026, Deepal S05 made in Thailand, Neo Aeronautics flying car takes off
Fast Lane: Mazda 6e to launch in S'pore in 2026, Deepal S05 made in Thailand, Neo Aeronautics flying car takes off
Incoming: Mazda EV
The Mazda 6e electric saloon is the European version of the China-only EZ-6, and it is slated for launch in Singapore and the United Kingdom in the second half of 2026.
While the car will be built in China through a joint venture between Mazda and Chinese state-owned company Changan, it will be further tuned to suit European taste for the export market. This is in terms of the steering, suspension and pedal calibration.
On the outside, the 6e is about the same size as the Toyota Camry, though its wheelbase, at 2,895mm, is 70mm longer than the benchmark saloon. This should translate to a significantly more spacious cabin than Mazda's current contender in the segment, the 6 Sedan.
In terms of driving range, the 6e can travel up to 552km before its batteries need to be recharged.
'Sawadee' car for Singapore
Changan's new Thai factory will produce the Deepal S05 (pictured here on a production line in China) for markets such as Singapore.
PHOTO: JONATHAN NG
The first made-in-Thailand Deepal S05 rolled off the assembly line at Changan's factory in Rayong on May 16 to mark the factory's official opening.
This is the first overseas electric vehicle factory for Changan, which is a state-owned car company. Changan joins Chinese rivals including BYD, MG and GAC to have manufacturing operations in Thailand.
Besides Deepal, the plant will also produce cars under the Changan, Deepal and Avatr brands.
The factory has workshops for welding, painting, general assembly and batteries, among other functions. The annual production capacity is expected to double from 100,000 units to 200,000 units by 2027.
The S05 is a mid-sized electric sport utility vehicle competing against the likes of the BYD Atto 3. Expected to be launched in Singapore later in 2025, the S05 will likely come from the Rayong factory.
Made-in-Singapore flying car to take flight in US
The Crimson S8 'flying car' will take to the skies in 2026, albeit only in the US.
ST PHOTO: BRIAN TEO
Home-grown aeronautical company Neo Aeronautics is aiming to make its 'flying car' available for rental to tourists and adventure seekers in 2026 at clubhouses set up in scenic and tourist spots in the US.
The Crimson S8 is a compact machine that can fit into a standard parking space. Four pairs of electric propellers mounted on carbon fibre arms enable it to take off and land like a helicopter.
The S8 will undergo further development before launching in the US in 2026.
There are currently no plans to launch the Crimson S8 in Singapore.
Virtual self-driving grand prix racing in UAE
Come November, 10 research teams, including one from Singapore, will compete in the autonomous racing league at the Yas Marina Circuit in the UAE.
PHOTO: A2RL
Singapore will be among 10 countries competing at the 2025 Abu Dhabi Autonomous Racing League Car Championship on Nov 15. This will take place at the Yas Marina Circuit in the United Arab Emirates (UAE).
Singapore's entry is a collaboration between Nanyang Technological University and UAE-based technology group Kintsugi.
The teams will compete to develop the autonomous driving system to extract maximum performance from the Dallara Super Formula SF23 racer on track. The vehicle is similar to the one used in the 2024 event, but with upgraded sensors and systems.
New for 2025 is A2RL Sim-Sprint, a virtual racing series to speed up the refinement of autonomous vehicle algorithms. The organiser says this extends A2RL into a year-round development ecosystem.
Go to a2rl.io to learn more about the autonomous racing series.
Join ST's Telegram channel and get the latest breaking news delivered to you.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles

Straits Times
21 minutes ago
- Straits Times
Cadillac will add value as 11th F1 team, says McLaren's Zak Brown
LONDON – Cadillac's arrival in Formula One next year as an 11th team will bring added financial value with new partners and more fan engagement rather than diluting resources, according to McLaren's American chief executive officer Zak Brown. The General Motors-backed team have taken staff already from rival outfits, their European headquarters at Silverstone being close to other factories, and are also competing for sponsorship. Brown, whose team comprising Oscar Piastri and Lando Norris are dominating this year's championship after winning the 2024 constructors' title, saw no reason to fear a dilution of resources, however. 'I think on employees they are definitely going to take a lot more than they give, which is fine,' he said the Hungarian Grand Prix. 'My general view is if someone wants to go work for a rival team then shame on me. For sponsors, I think they'll bring more new to the table than take.' Brown expected Cadillac also to bring more competition eventually, although they faced a tough challenge as newcomers, and more fans to a series that now has three US rounds – Miami, Austin and Las Vegas – and a growing audience in America. 'Will we get a better US TV deal, more American presence? I think their sponsors and Cadillac will spend money in the sport, the teams get a percentage of that so I see them as a value add to the sport,' he added. Top stories Swipe. Select. Stay informed. Singapore Four men arrested in Bukit Timah believed to be linked to housebreaking syndicates Singapore Criminal trial of Hyflux founder Olivia Lum and five others starts Aug 11 Singapore Profile of Kpod user has shifted from hardcore drug users to young people: Experts Tech Former data analyst creates AI tutor that assesses students based on Singapore schools' criteria Opinion I used to be impatient. Then I became a granddad Life Pixar film-maker, We Bare Bears creator Daniel Chong on the lessons his S'porean parents taught him Opinion Recognising our imperfections is part of what makes Singapore whole Business The risks of using 'decoupling' to own two properties 'I'm not worried about maybe some of the short term-ness of they are going to take an employee here or there or poach a sponsor here or there. I think the contribution will be bigger than that.' Cadillac secured approval of their bid in March, after a 764-day entry process and initial opposition from Formula One and the other 10 teams wary of a potential reduction in the share of revenues. The team are also backed by TWG Global, whose chief executive Mark Walter has an estimated net worth of US$12.5 billion, according to the Bloomberg Billionaires Index. The first new team since US-owned Haas debuted in 2016 said in July they were already two thirds of the way towards a targeted headcount of 600 by next season and no longer even the smallest outfit. REUTERS

Straits Times
an hour ago
- Straits Times
After almost losing Trump, Putin gets his ideal summit
Sign up now: Get ST's newsletters delivered to your inbox Few analysts believe the Russian leader will be content to stop the war based on a real estate negotiation alone. – In late July 2025, President Vladimir Putin of Russia was facing a stark reality: He was on the verge of losing President Donald Trump, the one Western leader possibly willing to help him get his way in Ukraine and achieve his long-held goal of rupturing the European security order. After months of trying to get Mr Putin to end the war, MrTrump had grown tired of ineffectual phone calls and talks and had begun issuing ultimatums. Even worse for Mr Putin, Mr Trump appeared to have patched up his relationship with President Volodymyr Zelenskyy of Ukraine, despite an Oval Office blow-up earlier in 2025 , that delighted Moscow. It was not clear that Mr Trump would be able or willing to follow through on the threats he had made to put punishing tariffs on nations buying Russian oil , or what real impact such moves would have on Moscow. But Mr Trump's deadline for Mr Putin to end the war was swiftly approaching, presaging some sort of further rift between the White House and the Kremlin. So Mr Putin shifted tack ever so slightly. Despite previous refusals by Russian officials to negotiate over territory in the Russia-Ukraine war, the Russian leader, during a meeting at the Kremlin last week, left Mr Trump's special envoy, Mr Steve Witkoff, with the impression that Russia was now willing to engage in some deal-making on the question of land. 'We're going to get some back and we're going to get some switched,' Mr Trump said on Aug 8. 'There'll be some swopping of territories to the betterment of both.' By speaking a language Mr Trump understands – the language of real estate – Mr Putin secured something he had been seeking ever since January: A one-on-one meeting with the US leader, without Mr Zelensky present, to make his case and cut a deal. Top stories Swipe. Select. Stay informed. Singapore Four men arrested in Bukit Timah believed to be linked to housebreaking syndicates Singapore Criminal trial of Hyflux founder Olivia Lum and five others starts Aug 11 Singapore Profile of Kpod user has shifted from hardcore drug users to young people: Experts Tech Former data analyst creates AI tutor that assesses students based on Singapore schools' criteria Opinion I used to be impatient. Then I became a granddad Life Pixar film-maker, We Bare Bears creator Daniel Chong on the lessons his S'porean parents taught him Opinion Recognising our imperfections is part of what makes Singapore whole Business The risks of using 'decoupling' to own two properties 'It has been a very good week for Putin,' said Dr Sam Greene, a professor of Russian politics at Kings College London. 'He has taken himself out of a position of significant vulnerability. He has manoeuvred this entire process into something that is more or less exactly what he needed it to be.' At the same time, tensions between Washington and Kyiv have reappeared. Mr Zelensky said on Aug 9 that the Ukrainian Constitution does not allow his government to negotiate away the country's land. Mr Trump initially told European officials that the meeting with Mr Putin would be followed by a three-way summit with both Mr Putin and Mr Zelensky. But the Kremlin quickly said no such promise had been made. The White House proceeded anyway. Few analysts believe the Russian leader will be content to stop the war based on a real estate negotiation alone. Mr Putin has made it clear that, among other things, he wants a formal promise that Ukraine will not enter Nato or any other Western military alliances, host Western troops on its territory or be allowed to build up a military that threatens Russia – making Ukraine perpetually vulnerable. 'The fundamental thing for Russia is domination,' Dr Greene said. Mr Alexander Gabuev, director of the Carnegie Russia Eurasia Center in Berlin, said Mr Putin would come into the summit on Aug 15 in Alaska pursuing various scenarios. They include a favourable deal with Mr Trump that the US President successfully forces upon Ukraine or a favourable deal with Mr Trump that Mr Zelensky refuses, causing the United States to walk away from Ukraine, Mr Gabuev said. The third option, he noted, is that the Russian leader continues his current path for another 12 to 18 months, with the expectation that Ukraine will run out of soldiers faster than the Russian war economy runs out of steam. Mr Putin understands that Mr Trump is willing to offer things few other American leaders would ever consider, which could help Russia fracture Ukraine and divide the Western alliance. 'If you could get Trump to recognise Russia's claim to the lion's share of the territory that it has taken, understanding that the Ukrainians and the Europeans might not come along for the ride on that, you drive a long-term wedge between the US and Europe,' Dr Greene said. But despite wanting those things, Mr Putin will not stop the war for them, if getting them means agreeing to a sovereign Ukraine with a strong military, aligned with the West, that is able to make its own arms, Mr Gabuev said. 'Trump is a big opportunity for him,' Mr Gabuev said. 'I think that he understands that. But at the same time, he is not ready to pay the price of Ukraine slipping away forever.' Mr Stefan Meister, a Russia analyst at the German Council on Foreign Relations, said the two leaders would come into the summit with different goals – Mr Trump's being to end the war and Mr Putin's being a strategic repositioning of Russia. 'For Putin, it's really about bigger goals,' Mr Meister added. 'It is about his legacy. It is about where Russia will stand after this war. It is much more fundamental. This creates a different willingness to pay costs.' And despite negotiations about his country's land, Mr Zelensky will not be in the room. 'For Ukraine, it is a disaster,' Mr Meister said. THE NEW YORK TIMES
Business Times
2 hours ago
- Business Times
Diversifying away from US equities and bonds, with Europe being a credible alternative.
[GENEVA] The post World War 2 global architecture worked on the basis that the US provided the world with economic stability, security guarantees in Europe and Asia, as well as safe assets like treasury bonds and higher returns through US equities. And in return, the US enjoyed capital flows from other countries investing their surpluses in it. But this set-up is faltering, said Alexandre Tavazzi, head of the chief investment officer's office and macro research at Pictet Wealth Management. Against the above backdrop, he sees a mega-trend of capital repatriation from the US. He noted that 'the world has a lot of capital tied up in the US', amounting to about 90 per cent of the US' gross domestic product (GDP). 'You don't want to be nasty with the people who have financed you, but this is what is taking place in US,' he said. A major trend that investors can play on is Europe's revival, which is led by Germany's awakening, said Tavazzi. He pointed to huge increases in spending by Germany on infrastructure and defence, as well as reform of the debt brake at the state level. For one, Germany's net borrowing at the federal level is expected to jump from 1.2 per cent of GDP in 2024 to 3.3 per cent of GDP in 2025, before rising to 3.9 per cent of GDP in 2026 and 2027. BT in your inbox Start and end each day with the latest news stories and analyses delivered straight to your inbox. Sign Up Sign Up Tavazzi is positive on European fixed income, where the 10-year minus 2-year yield spread for German bunds is higher than that for US' treasuries. He also sees European equities, which are less expensive than those of their US peers', playing catch up on the back of improving European growth prospects. Tavazzi is eyeing an improving GDP growth outlook for the euro area from the more supportive policy mix, including the German fiscal bazooka and rising defence spending. Meanwhile, in the US, a gradual artificial intelligence (AI) boost only partially offsets drags from debt overhang, more frequent supply shocks and higher interest rates. As the US becomes less exceptional, weakness in the US dollar is posing a big challenge to non-US dollar denominated investors, for whom it was great previously to be in US assets without being hedged, said Tavazzi. He added that the US' imposing of higher trade tariffs on trading partners is hurting the greenback. In China, Tavazzi sees an economy with a strong manufacturing segment but a weak consumer. 'The difficulty in China is to have a clear view about the earnings of the companies in the market, because in the end, when you buy a market, you buy the earnings. And so far, we have not seen a lot of changes in terms of expectations of earnings going higher,' he said. He noted that the housing crisis in China is deflationary and this needs to be resolved before consumer sentiment there can improve. 'We still are dealing with the aftermath of the housing bubbles and the issues, and this is still something which is not ending,' he said. He is bullish on China's technology prowess, which is challenging the US' technological leadership. He notes China has the ability to scale innovation across industries such as AI, autos and semiconductors. Asset management Echoing the need for investors to diversify away from US equities and bonds is Raymond Sagayam, managing partner of Swiss-headquartered Pictet Group and co-head of Pictet Asset Management, which manages around 273 billion euros (S$409.8 billion) in assets for institutional, wholesale and retail clients. Pictet Asset Management has over 400 investment professionals and nine investment centres globally. It has four investment centres in Asia – in Tokyo, Shanghai, Hong Kong and Singapore. Sagayam said that psychological damage has been done by recent major government policy shifts in the US. With investors looking to diversify away from the US, European stocks and bonds can be credible alternatives, he noted. 'We are all familiar with the fact that there is a fair amount of bureaucratic rigidity in Europe. But this is also a golden opportunity for Europe to coalesce and drive forward a reduction of red tape and more of a joint effort on issues such as common debt issuance or infrastructure development,' he said. He pointed out that it is a myth that the Magnificent Seven have a monopoly on innovation, the seven being US tech giants Alphabet, Apple, Meta Platforms, Microsoft, Nvidia and Tesla. Sagayam sees money starting to flow into Europe, Japan and emerging markets. He also believes that sustainability is important despite the environmental, social and governance backlash among some investors. 'Sustainable investing is actually prudent and should make for better long-term investment outcomes for our clients.' In his view, the focus of the asset-management business is not size but about being the finest. The business focus is on delivering multi-year performance, and not that over a single year, he added. With managing partners at Pictet Group serving for around 20 years each, Sagayam pointed out that clients benefit from a sense of stability from having the same managing partner for many years. Sagayam also sees scope for investors to recalibrate to more active asset management as the embracing of passive investment strategies with the ensuing fee compression makes sense only if there is geopolitical stability. He shared that Pictet Asset Management's assets under management (AUM) in Asia has grown by about 40 per cent over the past five years. 'In the next five years, we want to make sure that much of our focus is on servicing private clients and institutions in Asia, who are looking for innovative global and European exposure, including in topics such as thematic investments,' he said. Sagayam likes where Pictet Asset Management's business sits today. 'We don't tend to over-hire or over-fire. That's why right now, when many asset managers are radically slashing people and costs, we find ourselves in a fortunate position that we don't have to do that,' he said. Quant investing An area where AI is making a big impact in the asset management business is quantitative investments. Today, quantitative analysis of all companies in a universe can use hundreds of features and capture the relationships between the features. With the help of AI, quantitative investment today can capture shorter time horizon market inefficiencies, said David Wright, co-head of Pictet Asset Management's quantitative equities and solutions (Quest) team. He said quantitative investments have had a good run over the past few years and that AI is raising investors' comfort level with this kind of investment. The Quest team has 22 professionals, including numerous PhD holders, and over US$23 billion of AUM.