! The Future of Cars: How Asian EV Makers View Market & Strategy The Situation: The Los Angeles World Affairs Council staged The Future of Asia Conference in on September 21st with keynote speakers and panel discussions addressing opportunities and sought to answer questions about this rapidly-transforming continent of 4.4 billion people – and how it will relate to California and the US. The Significance of the Panel Presentation at this Conference: Here is a summary of the insights, observations, and assessments of “The Future of Cars” by 3 distinguished expert panelists. The future of vehicle technology, manufacturing, and utilization by Asian auto makers was of particular focus among the many topics covered at this incredible conference on September 25 in Santa Monica, CA. The Future of Cars Panel Presentation: [As captured by AIN Media Contributing Editor, Ming Reng Wu] •

Stats about Electric Vehicles (EV) • Globally EV only accounts for 3% of overall vehicles sold • The number is projected to hit 10% by 2020. • The mainly issues revolving around lack of EV sales are due to: o Pricing (cost of manufacturing batteries are still high) ▪ Range (EV range are still limited and restricts driving distance) •

BYD Backstory Information: o Company focuses around EV and hybrid vehicles o Largest EV manufacturer. The current US factory (Lancaster, CA) focuses on manufacturing electric business for U.S. companies o Overall, BYD sold 45,000 EV in the first half of 2016 o Prices ranges between $25K to $45K before Government incentives

The Future of Cars Panel Presentation: [continued] •

Faraday Future – Backstory & Market Position o Company doesn’t see itself as an automotive manufacturer. Rather it sees the company as one that focuses around “People Experience”. The idea of the connected vehicle as a compliment to the user’s everyday activity. o The company is set to launch it’s first vehicle in U.S. by the end of 2017. The current plant is located in Las Vegas, Nevada with 1,000 employees



Why is it so important to have both BYD and Faraday Future manufacture in the U.S.? o “Manufacturing in the U.S. gives advantage to the brands both in cost and overall brand positioning” – John Humphrey o Globalization = Localization



How and what do you expect the idea of car ownership to change in the coming future? o Different attitude and behavior depending on the geographical location o Given the demographics and habits of consumers. There will be an increase in demand as people move from rural to urban areas. o The overall concept of car will also change from a simple convenience to more of an experience in one’s daily life.



Where do you see the acceptance of Autonomous Vehicles? o Autonomous driving is the direction of the future. Many automobile manufacturers are in the race o We are still in the early stages of autonomous vehicles, but it will come



With the introduction of Autonomous Vehicles, how will existing automotive brands reposition their vehicles? o In the future there will most likely be “tech kits” that will be sold separately to help differentiate the vehicles. o With autonomous vehicles freeing up the driver’s time and attention, there will most likely be a push towards the functionality and interiors of future autonomous vehicles. Who were the Future of Cars Panelists? o o o o

Michael Dunne (Moderator) John Humphrey, SVP & GM, J D Power Lewis Liu, Head of Strategic Partnerships & Bus. Dev. Faraday Futures Patrick Duan, VP Operations BYD Motors, Inc.

For more information & detail about the Panel Presentation contact Christina Doheny: (424) 258-6160, [email protected]

Future of Cars - Automotive Digest

The number is projected to hit 10% by 2020. • The mainly issues ... For more information & detail about the Panel Presentation contact Christina. Doheny: (424) ...

90KB Sizes 1 Downloads 348 Views

Recommend Documents

Future of Cars (3) as Word File - Automotive Digest
of Cars” by 3 distinguished expert panelists. The future of vehicle technology, manufacturing, and utilization by Asian auto makers was of particular focus.

Connected Cars are Really Coming - Automotive Digest
A 2016 Spireon survey showed that consumers are interested in ... Then, in March 2016, the .... the key trends that will disrupt and transform the business world.

Leases Overvaluing Future Residual Values - Automotive Digest
Oct 16, 2013 - Third, for dealers, there is a virtual guarantee that a certifiable used car will return at ... business, lower marketing costs and other factors, if overdone it generates ..... simulated test drives for smart phones, plus a mobile gam

Leases Overvaluing Future Residual Values - Automotive Digest
Oct 16, 2013 - automakers to overvalue future residual values by 5 to 10 percent in order to ... There are effectively two popular ways to decrease a lease payment used by ..... Toyota is hoping to reach them via social media and a mobile push. ... T

Guidelines - Automotive Digest
Oct 1, 2013 - The Korean automakers have made tremendous strides over the years ...... about our exclusive mobile app for dealers, NADA MarketValues.

Manheim Index - Automotive Digest
spike in personal income in December (driven by special dividends and early bonus payments ahead of tax hikes) and a significant rise in the stock market.

CRM - Automotive Digest
Let's start with the basics so we're all on the same page. ... staff to make, and export a list of customers for mailers or external call centers. ..... computer attached ... extra pricing assistance on their next car (of course, this was all worded.

CRM - Automotive Digest
my people roughly ten minutes to get their head straight before picking up the phone ..... CRM is a good place to connect social media best practices because it is all about doing .... traffic changes based on external campaigns. With that said ...

Press Release - Automotive Digest
Tusker worked with leading carbon management consultants, Carbon Footprint, to show that its carbon emissions over the 12 month period from April 2011 to March 2012 had fallen to 93.95 tonnes of carbon dioxide from 103.67 tonnes in the previous year.

Press Release - Automotive Digest
The company, which supplies Leaselink, the UK's leading e-procurement platform for the contract hire and leasing and fleet management industries, had outgrown its previous offices in. Cumnor, where it had ... Ebbon-Dacs, which is owned by a private e

Press Release - Automotive Digest
Rebecca Honey, Senior Environmental Consultant at Carbon Footprint said: “Tusker has once again demonstrated its commitment to the environment.

trending now - Automotive Digest
Apr 10, 2017 - Private Sector Hiring like Crazy: Strong for Small Biz, Goods Producing ... Could Mean: Dealer focus on small business, professionals, ...

Guidelines - Automotive Digest
Oct 1, 2013 - ing, and will make businesses more cautious in their approach to hiring; ...... Android device users can now download and subscribe to NADA MarketValues. ... about our exclusive mobile app for dealers, NADA MarketValues.

NADA Perspective - Automotive Digest
Feb 1, 2015 - Mirroring new registration trends, off-rental ... both 2016 and 2017, to reach 14.1 million units by the end of the period .... Business Development.

Press Release - Automotive Digest
... which is owned by a private equity group, provides business process automation solutions ... Email: [email protected] ... MGMedia Services.

Manheim Index - Automotive Digest
net increase of 157,000 jobs and a slight uptick in the unemployment rate to 7.9%, was greeted with ... used vehicle sales that occurred during the same period.

How Many of 36 M Used Cars Sold by Dealers ... - Automotive Digest
and providing dealers with real-time ACV on each car. When it comes to accurate used car appraisals, no technology-based algorithm can make immediate cash offers – or understand current market conditions better. The Solution: An App that accurately

How Many of 36 M Used Cars Sold by Dealers ... - Automotive Digest
But Variances with Data, Analytics, and Processes Persist. The traditional ... utilizing data from a growing list of sources to include auction reports, dealer statistics, and ... real-time appraisals backed with firm offers to purchase those vehicle

THE TWELVE DEADLY WORDS OF ... - Automotive Digest
Consumer People who buy an asset called a car/truck do not “consume” the vehicle. Trade in. Really not trading but rather exchanging one asset for a better one.

TECHNOLOGY BREAKTHROUGHS IN ... - Automotive Digest
Six Finalists in the Running for AOL Autos' Technology of the Year Award ... each embodying the latest and greatest developments in automotive fuel economy,.

for immediate release - Automotive Digest
One of the key advantages of EDGE Simulcast, over other remote bidding systems, ... please e-mail Michelle Fujimoto, Marketing Communications Manager to ...

SIX In SIXTY - Automotive Digest
2. IBM's Bet on Bitcoin will bring BlockChain to Auto Soon. Why you should keep reading about Blockchain technology: Answer: Cuz it is ... ibm-bitcoin.html.

Into BUSINESS LEADS - Automotive Digest
data analytics, in addition to its ability to deliver meaningful content and commentary in context. These capabilities—when utilized effectively—can create a ...

Cognitive Content Marketing - Automotive Digest
Apr 13, 2017 - In spring 2015 I launched an internal initiative named Project ... machine to send a three-part email campaign once someone downloads an e-book. ... Think about all the data flooding in from social media, CRM, sales, ...