Latest news with #NEVs
Business Recorder
an hour ago
- Automotive
- Business Recorder
Master Group partners with China's Chery Automobile
LAHORE: Master Group of Industries, one of Pakistan's most respected and diversified business conglomerates, has officially partnered with Chery Brand, China's No.1 global vehicle exporter, to bring the latest Super Plug-in Hybrid Electric Vehicles (PHEVs) and New Energy Vehicles (NEVs) to Pakistan. With over 60 years of industrial excellence and around 40 years of auto-manufacturing experience, Master Group is investing in a cutting-edge manufacturing facility, world-class 3S Dealership network, and comprehensive after-sales support, led by Master Auto Engineering (a subsidiary of Master Group of Industries) under the leadership of Samir Malik (CEO). This strategic alliance heralds a new era for Pakistan's automotive industry, driven by sustainable mobility, advanced technology, and an elevated customer experience. Copyright Business Recorder, 2025
Yahoo
2 days ago
- Automotive
- Yahoo
Nvidia's auto biz surged last quarter. CEO Jensen Huang says it's a multitrillion-dollar opportunity.
Flying under the radar of Nvidia's (NVDA) AI demand-fueled earnings report was one of the chipmaker's smaller, but growing, businesses: automobiles. Nvidia said first quarter automotive revenue climbed to $567 million, up 72% from a year ago. In the fourth quarter, its auto revenue nearly doubled from a year ago, consisting mainly of hardware and software systems used in autonomous driving. 'Year-on-year growth was driven by the ramp of self-driving across a number of customers, and robust end demand for NEVs [new energy vehicles],' Nvidia CFO Collette Kress said on the Q1 earnings call. 'And we are now in production with our full-stack solution for Mercedes Benz, starting with the new CLA [sedan], hitting roads in the next few months.' Nvidia's 'full-stack' solutions, like the one it provides to Mercedes, are ones where Nvidia combines hardware like its DRIVE AGX Orin chips with its DriveOS software to power advanced driver assistance features in next-generation vehicles. The company is also using its technologies to advance manufacturing by streamlining assembly lines and using AI in factory robots. Companies like GM and Hyundai will use those technologies for "smart factory" initiatives, Kress said in March of this year. It's all supposed to add big dividends to Nvidia's top-line numbers. While data centers and gaming hog the headlines, automotive could soon start catching up. 'Nvidia's automotive vertical revenue is expected to grow to approximately $5 billion this fiscal year,' Kress said during the Q4 call in late February. Nvidia said earlier this year that Toyota — the world's largest automaker by volume — would be using Nvidia's self-driving tech as well. Nvidia chips are already used to power self-driving technologies at Mercedes (MBGAF), Volvo ( China's BYD (BYDDY), and device maker Foxconn (FXCOF), for example. Nvidia chips are also used in some of Tesla's (TSLA) supercomputers. The confluence of supercomputing and robotics is one of the next big frontiers for AI. CEO Jensen Huang calls it physical AI, or embodied AI, where physical objects like cars or robots harness AI to interact with the real world, for instance, with self-driving cars or robots moving about a factory floor. At CES this year, Huang said the AV 'revolution' and embodied AI would likely be the first multitrillion-dollar robotics opportunity. He said this week that Tesla was a partner. 'We do a lot of business with Tesla and xAI," Huang said in an interview with Bloomberg following this week's earnings release. 'We're going to build many more computers together. [CEO Elon Musk's] self-driving car, his Optimus robot, every single one of them is world-class and revolutionary.' Musk and Tesla are poised to begin their robotaxi testing in Austin in June, as early as the 12th. Musk himself has said Tesla's robotaxi endeavors would be a trillion-dollar business. Nvidia's Huang is rooting for Tesla. Why? More chips and software sales to power another of Nvidia's growing businesses. Pras Subramanian is a reporter for Yahoo Finance. You can follow him on X and on Instagram.
Business Recorder
2 days ago
- Automotive
- Business Recorder
Master Group partners with China's No.1 global automobile export brand, Chery
Master Group of Industries, one of Pakistan's most respected and diversified business conglomerates, has officially partnered with Chery Brand, China's No.1 global vehicle exporter, to bring the latest Super Plug-in Hybrid Electric Vehicles (PHEVs) and New Energy Vehicles (NEVs) to Pakistan. With over 60 years of industrial excellence and around 40 years of auto-manufacturing experience, Master Group is investing in a cutting-edge manufacturing facility, world-class 3S Dealership network, and comprehensive after-sales support, led by Master Auto Engineering (a subsidiary of Master Group of Industries) under the leadership of Mr. Samir Malik (CEO). This strategic alliance heralds a new era for Pakistan's automotive industry, driven by sustainable mobility, advanced technology, and an elevated customer experience. Get ready for ground-breaking product launches, innovations, and more.
Business Recorder
3 days ago
- Automotive
- Business Recorder
China's BYD says it is against import of 5-year-old used vehicles
A Chinese automobile importer in the fast emerging new energy vehicle (NEV) market in Pakistan, BYD has opposed the government's proposal to allow the import of five-year old used cars. It believes the step would not only disrupt local manufacturers but would also hurt the environment and increase demand for more foreign exchange to import expensive petroleum oil. Speaking at a media briefing at its recently opened 'experience center' in Karachi on Thursday, BYD Vice President for Strategy and Sales Danish Khaliq said the five-year old used cars will be available at up to 60% depreciated prices in Pakistan, as the import of second-hand cars allows depression at 1% a month from its actual price. FBR may allow import of 5-year-old used vehicles This, he said, is not good for the local price sensitive market. It would not only impact the fast developing NEV market but would also shrink sales of old Japanese players in the oil-run engine segment in the country. He proposed that the government consideration to cut duty on import on CBU (imported cars) in the upcoming budget 2025-26 'should be limited to NEVs only - equating ICE (oil-run engine) with NEVs would create adverse selection for customers. ' Moreover, he said the auto sector duty reduction should be limited to those OEMs (automakers) willing to invest in Pakistan, and should dovetail into Pakistan's vision for both industrial development and sustainability of the transport sector in a growing economy. BYD partners with Mega Motor Company to deliver NEVs He added that the import of upto five-year old oil-run cars would cause environmental degradation and interrupt meeting United Nations' Sustainable Development Goals, while also hurting job creation. Pakistan is already importing upto 3-year old cars at present. BYD has recently launched two electric vehicles in Pakistan. Mega Motor, its local partner in Pakistan, is setting up an NEV manufacturing plant in Gharo, Sindh. It is expected to come online next year with an installed capacity of 25,000 cars a year, Khaliq said.
Mid East Info
19-05-2025
- Automotive
- Mid East Info
PETRONAS SHOWCASES ITS FLUID TECHNOLOGY INNOVATIONS TO KIMI ANTONELLI - Middle East Business News and Information
PETRONAS and the Mercedes-AMG PETRONAS Formula 1 Team mark 15 years of collaboration built on technical co-development and performance driven innovation. Kimi Antonelli toured the state-of-the-art PETRONAS Global Research & Technology (R&T) Centre in Turin, where he was introduced to the cutting-edge technologies and technical capabilities that fuel the team's success on the track, as part of his ongoing technical onboarding with PETRONAS The tour of the Global R&T Centre, taking place before this weekend's Emilia Romagna Grand Prix, gave Antonelli a first-hand look at the innovation and collaboration that drives PETRONAS' longstanding partnership with the Mercedes-AMG PETRONAS Formula 1 Team F1 Team. UAE, May 2025 – As the Title and Technical Partner of the Mercedes-AMG PETRONAS Formula 1 Team, PETRONAS continues to play a pivotal role in co-engineering high performance fuels, lubricants and functional fluids that power the team's success on the track and beyond. A cornerstone of this collaboration is the PETRONAS Global Research & Technology (R&T) Centre in Turin, which, over the course of the 15-year partnership, has played a central role in the development of Championship-winning formulations, while also driving innovation for the next generation of New Energy Vehicles (NEVs), alternative fuels and energy-efficient lubricants for everyday use. The Global R&T Centre reflects PETRONAS' commitment to continuous progress through engineering excellence, thus enabling track-to-road innovation on a global scale. In line with this longstanding partnership, the Mercedes-AMG PETRONAS F1 Team driver Kimi Antonelli today visited the PETRONAS Global R&T Centre as part of his continued technical familiarisation with the company's operations and innovations. The visit provided Antonelli with a closer understanding of PETRONAS' technical capabilities and the critical part this partnership plays in driving the team's performance. The visit marks the next phase in Antonelli's onboarding with PETRONAS since becoming one of the team's drivers, and follows his initial introduction to PETRONAS at its headquarters in Kuala Lumpur in March. This visit gave Antonelli a first-hand look at the science, innovation and collaboration behind PETRONAS Fluid Technology Solutions™ – a suite of next generation lubricants, fuels and functional fluids engineered for peak performance and reliability that power his performance on track. PETRONAS Vice President of Group Strategic Relations and Communications, Ir. Norafizal Mat Saad, said: 'This technical immersion visit represents the essence of our enduring partnership with the Mercedes-AMG PETRONAS F1 Team. For 15 years, we've collaborated to push the boundaries of fluid technology innovation, translating track-tested solutions into real-world applications.' Antonelli was received at the PETRONAS Global R&T Centre by Khalil Muri, Managing Director and Group Chief Executive Officer (CEO) of PETRONAS Lubricants International (PLI), the global lubricants manufacturing and marketing arm of PETRONAS. He was then brought on a guided tour of the advanced state-of-the-art laboratory facilities, where he engaged with PLI's industry-leading team of experts, explored the advanced R&D processes behind championship-winning fuels and fluids designed for both the track and everyday road use. Kimi Antonelli said: 'It's been great to visit the PETRONAS Global Research & Technology Centre here in Italy ahead of my home Grand Prix. We know how important the fluids and lubricants are, however seeing the level of detail, innovation and teamwork behind it all gives you a whole new perspective. It's clear how much passion and expertise goes into supporting us on track. As a driver, that gives me a lot of confidence. I'm proud to be part of this partnership and excited to keep pushing forward together.' PLI Managing Director and Group CEO, Khalil Muri, shared: 'Kimi Antonelli's visit to our Global R&T Centre is more than symbolic – it reflects PETRONAS Lubricants International's pivotal role in advancing innovation and sustainability in partnership with the Mercedes-AMG PETRONAS F1 Team. Through PLI, we turn track-tested technology into real-world solutions, aligned with our vision to be a progressive energy and solutions partner, enriching lives for a sustainable future.' Antonelli's visit comes ahead of this weekend's Emilia Romagna Grand Prix at the legendary Imola circuit, just a stone's throw from his birthplace in Bologna, which will be the Italian driver's first-time racing in his home country in Formula One. For a young driver making his first steps in the sport, visiting the PETRONAS Global R&T Centre provides a crucial insider's perspective into the high-performance fluids, fuels, and engineering that power F1 cars, and drive the competitive edge that has kept the Mercedes-AMG PETRONAS F1 Team at the top of the sport for so long. Now in its 15 th year, PETRONAS' partnership with the Mercedes-AMG PETRONAS F1 Team has delivered eight World Constructors' Championships and over 120 Grand Prix victories, establishing a global benchmark for excellence through relentless innovation. About Petroliam Nasional Berhad (PETRONAS) As a global energy and solutions partner, PETRONAS is driven by its purpose to enrich lives for a sustainable future. With presence in over 100 countries, the group continues expanding its portfolios ranging from conventional and cleaner energy solutions to a diverse range of fuel, lubricants and petrochemical products. While ensuring sustainable practices across its operations, PETRONAS strives to ensure just and equitable outcomes in transitioning to a lower carbon future. About PETRONAS Lubricants International: PETRONAS Lubricants International (PLI) is the global lubricants manufacturing and marketing arm of PETRONAS, Malaysia's dynamic global energy group. Established in 2008, PLI manufactures and markets a full range of high-quality automotive and industrial lubricant products in over 100 markets internationally. Headquartered in Kuala Lumpur, PLI also has offices around the world including Turin, Belo Horizonte, Beijing, and Chicago. PLI is the technical resource behind PETRONAS' partnership with the Mercedes-AMG PETRONAS Formula One Team, responsible for the design, development, and delivery of the Fluid Technology Solutions™, which includes customised lubricants, fuels and transmission fluids to power the Silver Arrows. We are a progressive energy and solutions partner, enriching lives for a sustainable future. Our commitment remains to conduct and grow our business in ways that contribute positively to society and the environment. PLI is driving an aggressive business growth agenda as one of the leading global lubricants companies at the forefront of the industry, providing custom-made solutions for every need.
