Han's Iconic Veilside RX-7 From 'Tokyo Drift' Sells for Over $1.2M at Auction
A legendary piece ofFast & Furioushistory has just crossed the auction block. The 1992Mazda RX-7FD Veilside Fortune Coupé, famously driven by Han (Sung Kang) inThe Fast and the Furious: Tokyo Drift, sold for $1,221,477 USD in the UK, a record sale figure for anyMazdaroad car
Commissioned byUniversal Studiosand built by Japan's Veilside Co. Ltd, the car is one of only two surviving screen-used RX-7s from the film. Unlike many others used in high-speed stunts, this specific chassis was used for close-up and static scenes, helping cement Han's on-screen mystique without ever drifting a corner.
Veilside's radical 'Fortune' wide-body kit transformed the RX-7, adding over 200mm to its width and leaving only the roof and tailgate from the original design. Finished in pearlescent orange with gloss black accents, it rolls on 19-inch Andrew Racing wheels and features a 280 hp twin-rotor engine rebuilt by famed tuner RE-Amemiya.
Inside, the car boasts Veilside bucket seats, carbon-fiber trim, a full Alpine audio system and a decorative NOS bottle. Original production markings from Universal Studios, including '#71 HANS' tags, remain intact. Purchased by its pre-auction UK-based owner in 2008 and sparingly driven since, the RX-7 has been kept in pristine condition, stored away from the rain and fitted with a 24/7 tracker. Now fully road legal, it stands as one of the most recognizable and best-preserved movie cars of the modern era.
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Yahoo
3 hours ago
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Rising Global Demand and Strategic Export Through Hong Kong Trade Hub Fueling Expansion
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Chinese Semiconductor Market for Automotive Dublin, July 29, 2025 (GLOBE NEWSWIRE) -- The "China Semiconductor Market for Automotive by Component (Microcontroller, Power Semiconductor, Sensor & MEMS Device, Memory Chip, Analog & Mixed Signal IC), Global & China Semiconductor Export, Alternate Destination - Trends and Strategic Recommendation" report has been added to 2024, China's exports of automotive semiconductors reached USD 419.15 billion in 2024, from USD 280.81 billion in 2020, with a CAGR of 8.9%, driven by increased sales of autonomous and electric vehicles. The report provides valuable information for market leaders and new entrants regarding revenue estimates for both the overall automotive semiconductor market in China and its sub-segments. It will assist stakeholders in understanding the competitive landscape, positioning their businesses more effectively, and planning appropriate go-to-market strategies. Additionally, the report offers insights into the current market conditions and highlights key drivers, restraints, challenges, and opportunities within the industry. China's semiconductor market for the automotive sector is experiencing substantial investment from both domestic and global companies. Major players such as SMIC, Huawei's HiSilicon, YMTC, BYD Semiconductor, and Tsinghua Unigroup are leading domestic efforts, while international firms like Intel, Samsung, and SK Hynix are expanding their presence through joint ventures and new fabrication plants. The Chinese government supports the market with the National Integrated Circuit Industry Investment Fund (Big Fund), local government funds, subsidies, tax breaks, and low-interest loans, all aimed at achieving self-sufficiency and a complete supply global demand for advanced electronics and automotive technologies surges, China exports semiconductors worldwide, often using Hong Kong as a trade hub. The rise of modern vehicles, primarily electric and connected cars, has significantly increased the demand for semiconductors, as these vehicles require advanced chips for powertrain control, advanced driver assistance, infotainment, and battery management. Consequently, the automotive sector has become a key driver of semiconductor growth in chips are the second-largest segment in China's automotive semiconductor chips rank second in the Chinese automotive semiconductor market. These chips also hold the second-largest position in the global semiconductor industry due to soaring demand for data storage and processing, driven by AI, data centers, consumer electronics, and advanced automotive technologies. Memory chips are vital for storing and retrieving data in electronic devices, enabling everything from application execution to real-time system operations - an essential requirement for modern vehicles that rely on significant amounts of data for infotainment, ADAS, and autonomous driving features. Memory chips are extensively used in high-end infotainment systems, ADAS, and digital instrument clusters in and autonomous vehicles demand even more memory due to their complex computing and data processing needs. China is focusing on boosting domestic production of mature-node chips while also making significant advancements in advanced memory technology, particularly in NAND and DRAM, with companies like YMTC and CXMT leading the way. YMTC has developed advanced 3D TLC NAND chips that compete with global leaders like Samsung and Micron, while CXMT has produced and released G4 DDR5 DRAM. SMIC has also manufactured 7 nm chips for Huawei's Mate 60 is the second-largest importer of semiconductors from is the second-largest importer of electronics, integrated circuits, and memory chips worldwide. This is primarily due to the country's robust electronics sector, digitalization, and the lack of large-scale domestic semiconductor manufacturing. In 2024, imports of electronic integrated circuits from China alone reached USD 6.1 million. These components are essential in the automotive sector for advanced features such as infotainment, ADAS, telematics, and digital instrument clusters, which require significant memory and processing power. The Indian market for advanced automotive features is rapidly growing, driven by rising consumer demand for connectivity, safety, and adoption of EVs and connected cars is accelerating, supported by government initiatives like the Faster Adoption and Manufacturing of Hybrid and Electric Vehicles (FAME) scheme. 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A thorough analysis of key industry players provides insights into their business overviews, product offerings, key strategies, contracts, partnerships, agreements, new product launches, mergers, and report provides insights into the following points: Analysis of critical drivers (increased domestic investments in semiconductors), restraints (shortage of manufacturing facilities for 12 mm machines), opportunities (substantial investments by < 12-inch wafer manufacturers), and challenges (technological gap) influencing the growth of the China semiconductor market for automotive Product Development/Innovation: Detailed insights into upcoming technologies and new products launched in the China semiconductor market for automotive Market Development: Comprehensive market information - the report analyses the authentication and brand protection market across Chinese countries Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the China semiconductor market for automotive Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players, such as SMIC, GigaDevice Semiconductor Inc., Novosense Microelectronics, Silan Microelectronics, and HiSilicon Key Attributes: Report Attribute Details No. of Pages 104 Forecast Period 2020 - 2024 Estimated Market Value (USD) in 2020 $280.81 Billion Forecasted Market Value (USD) by 2024 $419.15 Billion Compound Annual Growth Rate 8.9% Regions Covered China, Global Key Topics Covered: 1 Introduction1.1 Global Automotive Semiconductor Industry Overview1.2 Historical Development of China Automotive Semiconductor Industry1.3 Key Factors Driving Industry Shift from China1.3.1 Regulatory Factors1.3.1.1 Restrictive Controls by Us Government1.3.1.2 Chips Act and Other Global Legislation1.3.1.3 National Security Concerns1.3.2 Geopolitical Factors1.3.2.1 Taiwan Strait Tensions1.3.2.2 Russia-Ukraine War1.3.2.3 Technology Alliances1.3.2.4 Technology Limitations1.3.3 Economic and Supply Chain Factors1.3.3.1 Rising Manufacturing Costs in China1.3.3.2 Incentives from Alternative Locations1.3.4 Challenges1.3.4.1 Dependency on Foreign Ip & Architecture and Gaps in Certification1.3.4.2 Heavy Reliance on Imported Semiconductor Manufacturing Equipment2 China Automotive Semiconductor Industry2.1 Current State of China's Automotive Semiconductors2.1.1 Microcontrollers2.1.1.1 Key Manufacturers, Core Competencies, and Production Capacities2.1.1.2 Future Roadmap2.1.2 Power Semiconductors2.1.3 Sensors & Mems2.1.4 Memory Chips2.1.5 Analog & Mixed-Signal Integrated Circuits2.2 Market Value Assessment3 Key Players in China Automotive Semiconductor Industry3.1 Domestic Manufacturers3.1.1 SMIC3.1.1.1 Overview3.1.1.2 Recent Financials3.1.1.3 Production Plants and Capacity3.1.1.4 Future Strategy3.1.2 Gigadevice3.1.3 Novosense Microelectronics3.1.4 Silan Microelectronics3.1.5 Hisilicon3.1.6 Hua Hong Semiconductor Limited3.1.7 Byd Semiconductor3.1.8 Nexperia3.1.9 Changxin Memory Technologies3.1.10 Yangtze Memory Technologies Corp3.1.11 Goertek Microelectronics Inc.3.1.12 China Resources Microelectronics Limited3.1.13 Hesai Technology3.2 Global Manufacturers in China3.2.1 Nxp Semiconductors3.2.2 Infineon Technologies3.2.3 Stmicroelectronics3.2.4 Texas Instruments3.2.5 Renesas Electronics Corporation3.3 Joint Ventures and Strategic Partnerships4 Export Analysis of China's Automotive Semiconductors4.1 Key Export Product Categories4.2 Global Semiconductor Exports4.3 Exports from China5 Diversification of China Automotive Semiconductor Industry5.1 Geopolitical Factors5.1.1 US-China Trade Tensions5.1.1.1 US-China Tariffs5.1.1.2 Diversification Strategies5.1.2 Technology Export Controls5.1.2.1 Us & Chinese Technology Export Controls5.1.2.2 Impact of Export Controls5.1.3 National Security Concerns5.2 Supply Chain Resilience Strategies5.2.1 Knowledge Gained from COVID-19 Pandemic5.2.1.1 Realization by China After COVID-195.2.1.2 Impact on Global Players5.2.1.3 Shift from Jit to Strategic Resilience5.3 Economic Factors5.3.1 Rising Manufacturing Costs in China5.3.1.1 Cost Comparison5.3.1.2 Bill of Materials5.3.2 Incentive Programs in Alternative Locations5.4 Impact on Global Automotive Industry5.4.1 Effects on Automotive Production Costs5.4.2 Supply Chain Reliability and Resilience5.4.3 Regional Manufacturing Clusters5.4.4 Technology Development and Innovation Patterns6 Alternative Manufacturing Destinations6.1 Overview6.2 Comparative Analysis of Alternative Manufacturing Locations6.2.1 Ranking as Alternatives to China6.3 Technology Dominance, by Country/Region6.4 Southeast Asia6.4.1 Malaysia6.4.1.1 Government Incentives and Support6.4.1.2 Key Diversifications6.4.1.3 Challenges6.4.2 Vietnam6.4.3 Thailand6.4.4 Singapore6.4.5 South Korea6.4.6 Taiwan6.5 North America6.6 Europe6.7 India7 Future Outlook and Recommendations7.1 Projected Industry Shifts, 2025-20307.2 Technology Roadmap7.3 Strategic Recommendations for Industry Stakeholders7.3.1 Diversification7.3.2 Technology7.3.3 Supply ChainFor more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. Attachment Chinese Semiconductor Market for Automotive CONTACT: CONTACT: Laura Wood,Senior Press Manager press@ For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900Sign in to access your portfolio
Entrepreneur
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Helios Climate Backs SUN Mobility's Global Push in Landmark Investment Round
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Business Upturn
5 hours ago
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Industrial Coatings Market worth $142.35 billion by 2030, at a CAGR of 4.12%, says MarketsandMarkets™
By GlobeNewswire Published on July 29, 2025, 16:30 IST Delray Beach, FL, July 29, 2025 (GLOBE NEWSWIRE) — The Industrial Coatings Market is estimated to grow from USD 112.04 billion in 2024 to USD 142.35 billion by 2030, at a CAGR of 4.12% between 2025 and 2030, as per the recent study by MarketsandMarkets™. Solvent-borne coatings are reliable and can be used in a variety of demanding applications, making up the largest market segment in the world of industrial coatings. Their resilience and strong adhesion lead people to depend on them for automotive, machinery, and building projects. However, increasing environmental regulations, concerns about VOC emissions, and a growing need for sustainability are transforming market dynamics. As a result, powder coatings and waterborne coatings are rapidly gaining popularity due to their environmentally friendly properties, being almost VOC-free, and the advancement of application technologies. More people are opting for these alternatives in both developed and emerging markets, primarily where the focus is on complying with environmental regulations and ensuring safety during operations. Download PDF Brochure: Browse in-depth TOC on 'Industrial Coatings Market' 386 – Market Data Tables 60 – Figures 345 – Pages List of Key Players in Industrial Coatings Market: The Sherwin-Willaims Company (US) PPG Industries Inc. (US) AkzoNobel N.V. (Netherlands) Axalta Coating Systems LLC (US) Jotun A/S (Norway) Nippon Paint Holdings Co., Ltd. (Japan) Kansai Paint Co., Ltd. (Japan) RPM International Inc. (US) Hempel A/S (Denmark) BASF Coatings GmbH (Germany) Drivers, Opportunities and Challenges in Industrial Coatings Market: Drivers: Increasing demand from automotive industry Restraint: luctuating raw material prices Opportunity: Increasing use of nanocoatings Challenge: Stringent regulatory policies Get Sample Pages: Key Findings of the Study: Epoxy resin is projected to be the fastest-growing resin type in terms of value during the forecast period The waterborne technology segment accounted for the second-largest share of the global industrial coatings market, in terms of value, in 2024 The automotive OEM end-use industry accounted for the second-largest share of the global industrial coatings market, in terms of value, in 2024 Asia Pacific is projected to be the fastest-growing region in the global industrial coatings market, in terms of value, during the forecast period Based on resin type, epoxy resins are estimated to hold the largest market share in the industrial coatings market, primarily because they perform better and cost more than the other resins available today. It is common to find epoxy coatings in marine, oil & gas, automotive, and infrastructure settings because they adhere well, resist chemicals, possess high strength, and are quite durable. Their ability to last significantly longer against wear and rust justifies the higher cost of high-alloy superalloys in specialized fields. Epoxy resins are favored in the industrial coatings industry mainly because they offer useful features and are marketed at premium prices. Based on technology, powder coatings are estimated to witness the highest growth rate in the industrial coatings market during the forecast period due to various technological factors. Powder coatings do not pollute the air, emit high levels of VOCs, and can last a long time without becoming damaged or worn out. With stringent regulations on emission control and an increased emphasis on sustainability, the use of powder coatings is on the rise in the automotive, appliance, and industrial sectors. Furthermore, recent advancements in application processes and their broader use across several industries are driving the global demand for powder coatings. Based on the end-use industry, the general industrial category accounted for the largest share of the industrial coatings market. The reason for this dominance is that many types of machinery, equipment, metal fabrication, and consumer goods require durable and protective coatings. This area benefits from consistent demand in both affluent and developing countries due to ongoing advancements in industry and construction production. Being used in many industries and constantly requiring upkeep and finishes, general industrial is the biggest and most dependable part of the market. Get Customization on this Report: Based on region, Asia Pacific accounted for the largest share of the industrial coatings market in terms of value in 2024. Market growth in this region is primarily driven by rapid industrialization and rising investments in the industrial and automotive industries. The growing manufacturing base of the region, enhanced safety levels, and evolving demand for high-performance and dependable machines among emerging markets like China, India, and Southeast Asian nations are also fueling market growth. Additionally, the presence of major industrial bases, a large population, and ongoing capacity expansions across key industries continue to underscore Asia Pacific's leading position in the world's industrial coatings market. PPG Industries Inc. is one of the world's leading suppliers of paints, coatings, and specialty materials, boasting a strong market presence with 156 manufacturing facilities across many countries in Europe, North America, Asia Pacific, the Middle East & Africa, and South America. PPG Industries provides a wide variety of coating solutions for aerospace, automotive OEM and refinish, industrial, packaging, marine, and architectural markets. The company has strengthened its product portfolio through sustained innovation and sustainable practices that emphasize waterborne coatings for environmental friendliness applications. AkzoNobel N.V. is one of the leading global industrial coatings companies based in the Netherlands, serving customers in over 150 countries. Its diverse portfolio includes decorative paints and high-performance coatings for key industries such as marine, automotive, architecture, and industrial manufacturing. The company has made significant strides in developing responsible and sustainable coating technologies, with a strong emphasis on waterborne and low-VOC formulations. Browse Adjacent Markets Coatings Adhesives Sealants and Elastomers Market Research Reports & Consulting Related Reports: Hospital Filtration Market Industrial Fasteners Market Gold Nanoparticles Market Hydrogen Tanks Market Flat Glass Market Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. Business Upturn takes no editorial responsibility for the same. Ahmedabad Plane Crash GlobeNewswire provides press release distribution services globally, with substantial operations in North America and Europe.
