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BYD Reports Record Sales in 2024 Amid Global Trade Tensions

BYD, China’s leading electric vehicle (EV) manufacturer, announced an impressive surge in vehicle sales for 2024, reflecting its growing dominance in both domestic and international markets. The company reported a remarkable 41.3% year-on-year increase, selling 4,272,145 vehicles compared to 3,024,417 units in 2023.

December proved particularly strong for BYD’s overseas sales, with 57,154 vehicles sold outside of China, a 58.3% increase from the same month in 2023. These figures underline BYD’s expanding global footprint despite intensifying trade disputes between China and Western nations.

Global Expansion and Challenges

As the largest EV manufacturer in China—also the world’s biggest automotive market—BYD has made significant strides in penetrating international markets. Its achievements come on the back of robust domestic growth initially supported by generous subsidies from the Chinese government.

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Volkswagen Malaysia Adjusts Touareg R-Line Pricing to Boost Appeal

Volkswagen Passenger Cars Malaysia (VPCM) has announced revised pricing for its flagship SUV, the Touareg R-Line, aiming to make the luxury model more attractive to Malaysian customers. The locally assembled Touareg R-Line is now priced at RM382,690, excluding the Volkswagen Assurance Package (previously priced at RM469,990, inclusive of VAP), reflecting the brand’s commitment to passing operational savings onto consumers amid favourable market conditions.

Performance and Features

The Touareg R-Line is celebrated for its cutting-edge technology, advanced safety features, and commanding design. Under the hood, the SUV boasts a 3.0-litre turbocharged V6 engine that delivers an impressive 340PS and 450Nm of torque, ensuring a dynamic and robust performance for discerning drivers.

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Four Puspakom Staff Under Investigation Following Ops Gempur Surprise Checks

Four employees from the Puspakom Wangsa Maju branch have been questioned by the Road Transport Department (RTD) over allegations that a vehicle was approved despite failing to meet inspection standards. This comes after RTD conducted surprise checks as part of its nationwide Ops Gempur initiative on December 31.

Puspakom Chief Executive Officer Mahmood Razak Bahman clarified the situation at a press conference held at the Shah Alam Puspakom branch. Initially, only two staff members were summoned to provide statements, but RTD later extended the investigation to two more employees from the same branch.

Clarification on Media Reports

Mahmood addressed media reports that incorrectly stated three staff members had been summoned. He explained that a photograph published in the media depicted Puspakom’s central region director accompanying staff during the RTD checks, but the director was not involved in the questioning.

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JPJ Cracks Down on Traffic Offences Nationwide in New Year’s Eve Operations

In a sweeping nationwide effort to enhance road safety, the Road Transport Department (JPJ) inspected over 12,000 vehicles across several states on New Year’s Eve, resulting in significant enforcement actions. The operation, spanning Kuala Lumpur, Putrajaya, Selangor, Pahang, Perak, Penang, and Terengganu, targeted traffic law compliance, especially among motorcyclists, and involved collaborative efforts with agencies like the Immigration Department and National Anti-Drug Agency (AADK).

Kuala Lumpur: 731 Vehicles Penalized, 117 Impounded

In the federal capital, authorities inspected 5,094 vehicles, issuing penalties to 731 for various offences. Among these, 117 vehicles—including 101 motorcycles—were impounded. According to JPJ Kuala Lumpur director Hamidi Adam, the operation, starting at 8 pm, prioritized safety and legal compliance.

Authorities detained 30 foreign drivers from Pakistan, Indonesia, Bangladesh, and Sri Lanka during the inspections. Meanwhile, the AADK conducted urine tests on 26 individuals, with three testing positive for methamphetamine or opiate drugs. A separate traffic operation targeting reckless motorcyclists resulted in 38 motorcycles being seized and 92 summonses issued for violations such as driving without a license and improper vehicle modifications.

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Mercedes-Benz Rolls Out Enhanced Drive Pilot System for SAE Level 3 Autonomous Driving

Mercedes-Benz has achieved a significant milestone in autonomous driving with the latest update to its Drive Pilot system, now certified by Germany’s Federal Motor Transport Authority. This upgrade positions Drive Pilot as the fastest conditionally automated driving system (SAE Level 3) available in standard production vehicles. The feature is set to hit the market in early 2025, offered on the S-Class and EQS luxury saloons at a starting price of €5,950 (around RM27,620).

Existing vehicles equipped with Drive Pilot can receive the software update for free, either over-the-air or at authorized service centres, with no need for hardware modifications.

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Volkswagen Avoids Immediate Layoffs Amid Historic Union Deal

In the culmination of Volkswagen’s longest-ever union negotiations, the German automaker reached a critical agreement to delay plant closures and sweeping layoffs, while workers stepped back from further strikes. The resolution, finalized after a gruelling 70 hours of discussions, ensures all 10 of Volkswagen’s German plants will remain operational, with involuntary layoffs postponed until 2030.

The agreement marks a temporary win for the automaker’s 120,000 German workers. However, it does not fully resolve Volkswagen’s broader struggles in the European market. The company has committed to a restructuring plan that includes shedding over 35,000 positions, primarily through early retirement packages and buyouts, as production scales down by approximately 734,000 vehicles.

Key Concessions on Both Sides

Volkswagen withdrew its initial proposal of a 10% wage cut, while the union compromised on its demand for a 7% pay increase. These negotiations followed months of unrest, including a major strike earlier this month involving 100,000 metalworkers, with another strike planned for January.

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Latest News

BYD Reports Record Sales in 2024 Amid Global Trade Tensions

Volkswagen Malaysia Adjusts Touareg R-Line Pricing to Boost Appeal

Four Puspakom Staff Under Investigation Following Ops Gempur Surprise Checks

JPJ Cracks Down on Traffic Offences Nationwide in New Year’s Eve Operations

Mercedes-Benz Rolls Out Enhanced Drive Pilot System for SAE Level 3 Autonomous Driving

Volkswagen Avoids Immediate Layoffs Amid Historic Union Deal

Korean Researchers Develop Safer, Longer-Lasting Lithium Metal Battery

Porsche Malaysia Unveils Locally Assembled Cayenne S E-Hybrid Coupe – From RM728k

Proton Concludes 2024 with Record Sales and Strong Market Presence

Loke: RTD to Equip Officers with Bodycams to Boost Transparency and Integrity

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GWM’s Haval Brand Unveils Image of the Haval H7 SUV for 2025

Porsche Adjusts EV Strategy Amid Declining Taycan Sales and Rising ICE Demand

Volvo’s Innovative Patent: Using Window Heaters to Improve EV Efficiency

Toyota Malaysia Launches 2025 GR Yaris, GR Corolla, and Corolla GR Sport

Chery Holding Achieves Record Sales and Revenue in 2024

Archive

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