Toyota picks up A-Seg petrol, Fiat Metaverse and China’s EV market – week | Jobs Reply

As we move toward the end of the year, there’s a natural tendency to look back and reflect on the recent past, while also wondering what’s to come.

The year 2022, overall, was a disappointing year for the global vehicle market. In November, the global light vehicle market closed after mild growth. Towards the end of the year, 2022 looks like a disappointment in terms of the global light vehicle market. A global light vehicle market projected at 81.2 million units in 2022 is flat in 2021 and about 10% below 2019 levels (just over 90 million). Not too long ago, the global car market looked set to hit 100 million sales a year due to rising global household incomes.

Back to the global light vehicle market is simple

China is a tough vehicle market to call right now. After a quick comeback to run out of steam, the world’s largest market is in a state of considerable flux. Beijing’s decision to rapidly reverse the zero-covid policy brings considerable risk and uncertainty – both in terms of immediate public health perspectives and knock-on economic impacts. The next few months will tell us a lot about where China’s economy is headed and the Chinese government’s response to any economic downturn. If the economy takes a big hit, attention turns to potential stimulus measures – so don’t rule out extended or new incentives in the autos sector.

Meanwhile, competition in China is heating up in EVs.

Looking ahead, we have released the December issue of Just Auto magazine, key theme: Automotive vision for 2023.

M&A activity to watch in 2023. This week Stellantis completed its acquisition of aiMotive, while Magna and Veoneer signed an agreement for Magna to acquire Veoneer’s active security business from a private equity group.

Activity in electric vehicles and related supply chains continues to be busy and will continue to be in 2023. For example, Audi has just announced that it has begun assembling a flagship electric Audi SUV (the Q8 e-tron) at its Brussels plant, supported by an extensive European supply network.

Toyota Motor rolled out a new production line in China this week dedicated to new energy vehicles (NEVs), or battery electric and plug-in hybrid vehicles (PHEVs). Still on hybrids, Toyota is also investing in its UK engine factory to produce a fifth-generation hybrid electric powertrain – the plant will produce a new 1.8L petrol engine.

You don’t have to go electric on everything (yet) though, and there’s probably good reason for some OEMs to stick with advanced ICE technology in some segments.

Aygo X – Why this tiny new Toyota isn’t electric

When it comes to car sales, online retailers have long seemed like a slow train coming. There’s always the question of how to get some helpful human interaction into a digital experience. Fiat thinks it has an important innovation in this area. Customers will be able to virtually configure, drive and then purchase their vehicle within a human-assisted digital experience. Yes, someone is actually with you. It will be interesting to see how it plays out.

Fiat claims to be the world’s first Metaverse-powered dealership

Finally, we are in the festive season and the holidays are about to begin We will be out next week, but will be back at our desks on the 3rdrd January 2023. Best wishes from all parties here.

Dave LeggettEditor, Auto only

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