Kunal Mohan Joshi

In 2024, the U.A.E. has seen a strong growth in the automotive market, the emirates vehicle market in September 2024 grew for the 23rd consecutive month & reported 33,845 new sales (+29.1%). YTD figures totaled 235,610, up 15.2% compared to the prior year. This has inturn seen the vehicle customisation industry grow, window tinting and paint protection is slowly moving from a luxury service to a necessity as consumers look to protect the value of their asset. However, with this growth, we’ve also seen an increase in scrupulous marketing tactics, especially across social media, businesses in order to gain the consumer's attention resort to videography tricks and viral gimmicks as opposed to actually providing value to the consumer or their cars. Here are some common red flags you should watch for: Overhyped Claims: Statements like "99% UV protection" or "scratch-proof PPF" are often exaggerated. While good products offer great protection, no tint or film is completely indestructible. Discount Traps: Some businesses run constant, high-discount "limited-time" offers on social media to pressure a quick sale. Real professionals prioritize quality over urgency. Fake Reviews and Influencer Hype: Some companies partner with influencers who may lack real experience in the product they’re endorsing. Look for detailed reviews from verified, real customers instead. Misleading Comparisons: PPF and tint products are often compared with competitor products using biased tests or selective visuals. This can make it hard to see the real value. (i.e "clear from inside and dark from outside") As industry professionals, it’s on us to build trust and focus on honesty. Consumers deserve clear, transparent information to make the right choice for their vehicle. Let’s set a higher standard in our industry. #WindowTint #PaintProtectionFilm #Transparency #EthicalMarketing #AutomotiveIndustry

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HELLA MIDDLE EAST Knowledge Corner: Stranded? How One Simple Fix Ignited My Journey Again. You're driving your car on a sunny afternoon when suddenly, the engine starts coughing, and you feel a loss of power. The smooth ride turns into an unpredictable journey. You manage to pull over to the side of the road, frustrated and confused. Upon investigation, you discover that the cause behind this unexpected breakdown is a faulty ignition coil, which is responsible for converting low-voltage power from the battery into the high-voltage spark needed to ignite the fuel in the engine. As a result, the engine misfires, causing the car to lose power and run unevenly. In a matter of moments, you've transformed a breakdown into an easy-fix roadside repair. The faulty ignition coil, now replaced, is a reminder that sometimes, a bit of DIY spirit can turn a frustrating situation into a satisfying win on the road. To resolve the issue, you'll need to replace the faulty ignition coil with a new one to restore your car's smooth performance. The quality of the ignition coils should be ensured, among other things by the number of winding strands and their high temperature resistance. HELLA ignition coils guarantee ignition even under extreme conditions and electromagnetic compatibility with the magnetic field-sensitive elements of vehicle electronics. #hella #forviahella #ignition #roadsafety #mechanics #carmechanics #vehicle #engineperformance #automotive #automotiveindustry #enginehealth #carrepair

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Chery Achieves Groundbreaking Full Underbody Gigacasting with Dual Injection Technology  Follow me for more technical insights: https://lnkd.in/evN3jc94  Chery Auto has set a new benchmark in automotive manufacturing by unveiling the world’s first full underbody gigacasting using a 13,000-ton dual injection Giga Press. This development marks a transformative step forward in manufacturing technology, showcasing the possibilities of large-scale casting for automotive components. >>> Key Technical Highlights: - Dual Injection System:    This innovative system utilizes two injection points, ensuring the molten aluminum flows efficiently throughout the complex die without premature solidification. This breakthrough resolves a common challenge with large castings—avoiding cold shuts, or seams that occur when metal cools and fails to fuse properly. - Precision Engineering and Reduced Complexity:    The integrated underbody design merges the front and rear sections with the lower battery tray into a single casting, dramatically reducing part counts, assembly time, and welding operations. This not only boosts production efficiency but also enhances the structural integrity of the vehicle. >>> Rapid Development and Testing Process:     - 2022: LK Machinery conducted small-scale trials of the dual-injection system.   - June 2023: A scaled 3:1 integral lower body part was successfully cast on a smaller-tonnage machine.   - December 2023: Chery and LK Group introduced the dual-injection system, surpassing 10,000 tons, and revealed the technical principles behind it.   - October 2024: The first full underbody casting using a 13,000-ton Giga Press was produced.  >>> Future Plans with 16,000-Ton Giga Press:    Chery’s large-scale production will transition to a 16,000-ton Giga Press for even more advanced manufacturing capabilities. Notably, the same dies designed for the 13,000-ton machine will be reused, ensuring seamless production scaling. >>> Implications for the Automotive Industry: The gigacasting process offers several benefits, including improved production speed, enhanced component precision, and reduced manufacturing costs. However, challenges such as repairability and quality control remain, with scrap rates reported to be higher for these large castings. Yet, Chery’s success demonstrates that these obstacles can be mitigated through precise engineering and collaborative expertise. 👌 👇 👇👇👇👇👇 https://lnkd.in/dzgwy3BE https://lnkd.in/dE4YxqXM https://lnkd.in/d-tgFcMV #Gigacasting  #AutomotiveManufacturing  #DualInjection  #CheryAuto  #ManufacturingInnovation  #LightweightDesign  #StructuralCasting  #AdvancedEngineering  #LKGroup  #GigaPress  #EVManufacturing  #SustainableMobility

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The Toyota Hilux, a legendary pickup first introduced in 1968, has sold over 16 million units worldwide and is known for its durability and reliability. On May 21, 2015, Toyota unveiled the eighth generation of the Hilux in Bangkok, marking the start of its sales in Thailand. While the Hilux's toughness has always been a defining feature, the new model redefines this by focusing not just on ruggedness but also on enhancing occupant comfort and ease of driving. The development team gathered global customer feedback and tested the vehicle in challenging conditions, including muddy forests, desert heat, and flooded roads, ensuring that the new Hilux is both tougher and more user-friendly. The development of the eighth-generation Toyota Hilux was shaped by valuable feedback from drivers who highlighted challenges such as long-distance fuel range, driving fatigue on rough roads, and the need for a quiet cabin for communication. In response, the new Hilux not only improves on traditional toughness but also focuses on reducing driver stress. The model offers enhanced ride comfort for long trips, a quieter cabin for easier communication, and better fuel efficiency for longer cruising range. Executive chief engineer Hiroki Nakajima emphasized that the development concept centered on "redefining toughness," aiming for a pickup that is both easier to drive and remains true to the Hilux's rugged legacy. The result is a vehicle that blends legendary toughness with modern convenience, marking a "new era" for pickups while staying true to the Hilux identity.

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ARTIFICIAL RAIN TECHNOLOGY: Dubai, known for its arid climate and blistering temperatures, was battered by torrential rain on Tuesday, triggering widespread flooding throughout the desert nation. The unforeseen downpour not only halted the bustling city's usual pace but also sparked worries about the escalating influence of climate change on extreme weather phenomena in the area. In the United Arab Emirates (UAE), annual rainfall averages less than 200 millimetres. With temperatures soaring to as high as 50 degrees Celsius during the summer, the UAE's water resources are under immense pressure, compounded by its heavy reliance on groundwater sources. To combat this pressing issue, the UAE pioneered innovative solutions, one of which is generating artificial rain through cloud seeding, a form of weather modification aimed at enhancing precipitation. But, how does it work?  Understanding Cloud Seeding Cloud seeding is a technique that involves introducing "seeding agents" into clouds to stimulate the condensation process and trigger rainfall. The process begins with weather forecasters at the NCM monitoring atmospheric conditions and identifying suitable clouds for seeding based on precipitation patterns. The UAE first tested cloud seeding in 1982. By the early 2000s, the Gulf nation's artificial rain program had been bolstered by collaborative scientific and technical research with the National Center for Atmospheric Research (NCAR) in Colorado, USA, Witwatersrand University in South Africa, and NASA.  The UAE's Rain Enhancement Program (UAEREP), managed by the Emirates' National Centre of Meteorology (NCM), spearheads the program. The scientists behind this program focused on analysing the physical and chemical characteristics of the UAE's atmosphere, particularly aerosols and pollutants, and their influence on cloud formation. The aim was to identify an effective agent to stimulate cloud growth and ultimately augment rainfall. Once conducive clouds are identified, specialised aircraft equipped with hygroscopic flares take to the skies. These flares, mounted on the aircraft's wings, contain salt material components. Upon reaching the target clouds, the flares are deployed, releasing the seeding agent into the cloud. The salt particles serve as nuclei around which water droplets condense, eventually growing heavy enough to fall as precipitation in the form of rain. "At present, the NCM operates four Beechcraft King Air C90 aircraft from Al Ain Airport equipped with the latest technologies and devices employed for cloud seeding and atmospheric research."  Environmental Concerns Despite the potential benefits of cloud seeding, concerns have been raised about its environmental impact and the safety of the seeding agents used. In response, the NCM has taken measures to ensure the safety and sustainability of its operations.

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TATA MOTORS: JLR RETAIL SALES IN Q2 FY25 WERE 103,108 UNITS, DOWN 3% VS Q2 FY24 JLR WHOLESALES IN Q2 FY25 WERE 87,303 UNITS, DOWN 10% VS Q2 FY24 TATA MOTORS: JLR PRODUCTION IN Q2 FY25 WAS RESTRICTED TO C.86,000 UNITS, DOWN 7% COMPARED TO C.93,000 UNITS IN Q2 FY24, AS A RESULT OF ALUMINIUM SUPPLY DISRUPTIONS REPORTED IN Q1 FY25 JLR - PRODUCTION AND WHOLESALE VOLUMES ARE EXPECTED TO RECOVER STRONGLY IN SECOND HALF OF THE YEAR

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TEST DRIVE A successful test drive substantially increases the chances of Vehicle sale Hence each day thousands of test drives are carried out by Auto dealers for 4 wheelers and 2 wheelers representing : a) Huge investment of man-hours b) Fuel Expense for every test drive c) Vehicle acquisition cost    which emphasises the importance of achieving a return on the investment (ROI) Although the market is full of tools to book or schedule a test drive , the real challenge is ensuring management of vehicle especially in case of Door step test drives. The data needs to be collated at Head office for all outlets and adequate safety mechanism to be put in place to allocate vehicles, note the odometer reading , mandatory documents collection like Driving license and ensuring a timely follow up post test drive besides analysing customer feedback A large dealer group with multiple rooftops has severe challenges co-ordinating it across outlets. Needless to say it involves cost too. We offer a platform to manage your Test Drives Be it allocating drivers, Tracking vehicle movement , capturing customer driving license copy, Feedback Post test drive , odometer reading , distance travelled and time taken per test drive , we have got it all covered for you Automate your test drive workflow, reduce operational expense and enhance customer experience Reach out to us sat sales@ pickmycar.in

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Bus-tination UAE: How Buses Are Taking the UAE for a Spin! 🚍 UAE continues to witness remarkable growth in its tourism sector. In the first half of 2024 alone, Dubai International airport (DXB) welcomed nearly 45 million passengers, setting the stage for a record-breaking year. Due to this, demand for a robust transportation network, and #CommercialVehicles specifically buses—are playing an indispensable role in keeping the wheels of tourism turning smoothly. 👨‍👩‍👦 1. Mass Transit Solutions As tourist numbers rise, so does the demand for efficient, high-capacity transportation. Buses, such as those from King Long, provide a sustainable and scalable solution for mass transit. ♻️ 2. Sustainability Through New Energy Vehicles The UAE’s focus on sustainability has extended to its transportation infrastructure, with an emphasis on reducing carbon emissions. King Long’s electric buses, for example, not only support eco-friendly travel but also help reduce the environmental impact of large-scale public transportation. 🌐 3. Customization for Tourism Needs In the UAE, buses are often customized to cater to the specific needs of tourists. Luxury buses with spacious seating, Wi-Fi connectivity, and multilingual tour guides enhance the experience for travelers. 🛜 ➕ 4. Safety and Comfort as Priorities With the influx of millions of tourists, ensuring their safety and comfort during travel is a top priority. King Long buses are equipped with advanced safety features, making them a reliable choice for group travel. 🦺 #TourismInUAE #KingLong #SustainableTourism #TravelIndustry #UAE

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FY 24 saw the highest ever numbers with majority of car manufacturers showing growth amidst a flurry of new launches especially in the hatchback and SUV segments FY 25 has started on a slower note and manufacturers have slashed prices on a few models while some have tapered production to ensure that dealers are not saddled with high inventories A sustainable solution will be for all stakeholders to come together and work on means to increase sales especially for the small segment vehicles as this accounts for 60% + share of the industry Customers will continue to flock to the showrooms when they get – THE BEST DEAL Few slides are being shared both as a tutorial on the Passenger Vehicle industry and solution to maintain the robust growth in FY 25 too. Your opinion and thoughts are solicited and welcome. #FADA, #Society Of Indian Automotive Manufacturers(SIAM), #Maruti Suzuki India Ltd, #Hyundai India Motor Ltd, #Tata Motors, #Mahindra and Mahindra Ltd Automotive, #Kia India, #Honda Cars India Ltd, ##State Bank Of India, #HDFC Bank, #ICICI Bank, #Axis Bank, #Kotak Mahindra Bank, #Indusind Bank, #IDFC First Bank, #Yes Bank, #Union Bank Of India, #Bank Of Baroda, #Punjab National Bank, #Bank Of Maharashtra, #Tata Capital, #Cholamandalam Investment and Finance Company Ltd, #Sundaram Finance, #Mahindra Finance, #Bajaj Finance, #Magma Fincorp, #Shriram Finance, #Mahindra Insurance Brokers Ltd, #Tata Motors Insurance Broking and Advisory services ltd, #Maruti Suzuki Insurance Broking Pvt Ltd, #Hyundai India Insurance Broking private limited, #Toyota Tsusho Insurance Broker India Pvt Ltd, #General Insurance Council Of India, #ICICI Lombard, #TATA AIG General Insurance Company Limited, Bajaj Allianz General Insurance, #SBI General Insurance, #IFFCO Tokio General Insurance Co. Ltd., #Digit Insurance, #Kotak General Insurance, #HDFC ERGO General Insurance, #New India Assurance, #The Oriental Insurance Company Ltd., #United India Insurance Co. Ltd., #National Insurance Co. Ltd, Royal Sundaram General Insurance Co. Limited, #Cholamandalam MS General Insurance Co. Ltd. #GI Council

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Fun facts: Suzuki Motors market cap is $22 billion, while Suzuki India market cap is $44 billion, and interestingly the former holds 60% equity in the Indian subsidiary, points out Sanjiv Shah. Hyundai Motor market cap is $50 billion, and its wholly owned Indian subsidiary has filed for an IPO valuing the Indian business at $30 billion. Let's see where the future leads!

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Building Strategy is not a day or a year job…it’s a journey…where you keep evaluating your insights, thesis and choices. What’s true today may prove untrue in different circumstances.. What’s best today may prove a bad choice in different scenarios.. Who is leading today and who will lead it tomorrow May have implications… Who is backing the strategy today and who is against will define the ultimate success..:

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TOYOTA still topples VW as the largest car maker with almost double the earnings shows the stringent process it follows for its manufacturing operations and VFM propositions🚗🏭. With $47.71 billion in earnings which is twice the numbers of VW which itself has numerous brands under its belly. Surprising to see Kia making it in the list with $12.0 billion earnings shows what branding and understanding customer taste does. While Porche selling few lac units garners good earnings shear due to operating profits and margins it enjoys. Saddened to see no Indian companies making into the list even after exports from india increasing twice of that of previous year. We envisage the entry of the likes of Tata Mahindra as they as they find newer market to expand. #oems #Earnings #Toyota #vw #kia #exports #manufacturing #operations #branding

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Interesting! Toyota Motor Corporation is not without weaknesses BUT the best car builder on the planet. OEMs including BMW Group and Mercedes-Benz AG are far more profitable than Tesla, with similar volumes and much more competition in all passenger vehicle segments. Honda, the little engine that could :) Without selling carbon credits, Tesla is barely profitable from operations. Porsche AG continues to lead at much lower volumes because of commitment and adherence to BRAND BRAND BRAND. Tesla’s Q3 reporting will be terrible and Volkswagen Group struggles continue. Combined, Hyundai Motor Company (현대자동차) and Kia Worldwide have come from nowhere, now #2 globally. No sign of Ford Motor Company and Nissan Motor Corporation! #automotive #automotiveindustry #leadership #business #technology #ai

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At Arabian Automobiles Co. LLC , #exceptionalism isn’t just a goal—it’s part of who we are. As the official distributor of #INFINITI in Dubai and the Northern Emirates, we are dedicated to delivering not only world-class vehicles but also unmatched #customerexperience and #innovative ownership solutions. In a recent interview with Arabian Business I shared how this commitment propels us forward. Our achievements—winning the #DubaiServiceExcellence Scheme (DSES) #Awards for nine consecutive years and receiving the #INFINITIGlobal Award for fiscal year 2023—highlight our unwavering dedication to Sales, After-Sales Service, and Customer Excellence. The launch of the all-new INFINITI QX80 further showcases our pursuit of #luxury and #innovation, setting new standards for driving excellence. Watch the full interview to discover how we continue redefining exceptionalism at Arabian Automobiles. #AWRostamani #ArabianAutomobiles #INFINITI #INFINITIQX80 #ExperienceExceptional #LuxuryCars #InnovationInMotion #DrivingExcellence #LuxuryLifestyle

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As per an international automotive report "Experiencing a vehicle in-person and test driving it appeals to half of global consumers (51%) and is the Second most important factor as to where they would consider buying their future vehicle from " A successful test drive substantially increases the chances of a sale Huge amount of investment is made by dealership in terms of acquisition cost, Fuel cost and manpower cost to offer a great test drive experience to potential buyers To manage the complexities of arranging test drives for potential buyers we have created Test Drive Management Platform. Key benefits : a) Reduce Operational Cost and minimises misuse of vehicle b) Enhance Customer Experience and probability of sale c) Access to real time data on a single dashboard  d) Assess the productivity of your sales team Be it 4 wheeler or 2 wheeler, our platform offers various features to enable Auto Dealers to offer a frictionless customer experience during Test Drive and help them in increasing the probability of sale To know more reach out to us at [email protected] or visit www.mytestdrive.in

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Here are ten lesser-known facts comparing Toyota in Dubai in 1990 and 2024: Toyota in Dubai 1990: 1. Limited Model Range: In 1990, the Toyota lineup in Dubai was mainly focused on popular models like the Corolla and Land Cruiser, with fewer luxury options. 2. Manual Dominance: Manual transmission vehicles were more common, as automatics were not as widely preferred. 3. Emerging Market: The UAE was still developing its automotive market, and Toyota was establishing its presence among other brands. 4. Local Assembly: Some models were assembled locally to meet the growing demand, enhancing accessibility for buyers. 5. Less Technology: Vehicles had minimal technological features, with basic radio and air conditioning being high-tech at the time. Toyota in Dubai 2024: 6. Diverse Model Range: The 2024 lineup includes hybrids and electric vehicles, reflecting global trends toward sustainability. 7. Advanced Technology: Cars are equipped with advanced tech features, including smart connectivity, safety systems, and driver-assist technologies. 8. Luxury Segment Growth: Toyota's luxury division, Lexus, has gained significant popularity in Dubai, showcasing high-end features and performance. 9. Increased Competition: The automotive market is highly competitive, with many new entrants challenging Toyota's longstanding dominance. 10. Sustainability Focus: There’s a strong emphasis on eco-friendly practices, with Toyota promoting initiatives like hydrogen fuel cells and electric vehicles as part of their strategy. These facts highlight the evolution of Toyota in Dubai over three decades, showcasing changes in technology, consumer preferences, and market dynamics. #toyota #dubai

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Challenge Status Quo Series for Car Dealership: Road to Profitability Challenge # 1: Get Rid of Dead Stock in Next 30 days I am delighted to share that with the help of associates JKGLOBIZ CONSULTING, I am starting this series wherein we share our tips and insights on help car dealership CEOs, Owners & OEM Managers can bring significant changes to maximise earnings and reduce cost. Let's begin with an affirmative feeling: "I am getting Rid of Dead Stock in Next 30 days. It's possible if I put my mind to it" The biggest solution to any challenge is to believe it's possible as our mental resistance is our biggest hurdle and enemy. Now I am assuming you have started to believe and to help in rest of the journey I have divided this series into parts so that you can implement everyday something as we progress Part 1 : Assessing Current problem 𝗔. 𝗩𝗶𝘀𝘂𝗮𝗹𝗶𝘇𝗲 𝗣𝗿𝗼𝗯𝗹𝗲𝗺 : Let's first start mapping stocks by Age of car stock. It's better to group with some age brackets. I prefer 5 brackets to get a clear and visual representation: 0-15 days, 15-30 days, 30-45 days, 45-60 days, 60 days and above. Don't overcomplicate. You can draw a table with 5 columns and 2 rows and tabulate the data. Note: The age of car stock should be done from the date of billing. 𝗕. 𝗦𝗲𝗹𝗲𝗰𝘁 𝗗𝗲𝗮𝗱 𝗦𝘁𝗼𝗰𝗸 : I consider anything above 45 days as dead stock. But make sure if you are starting for 1st time with this method make sure you select not more than 10% of monthly sales as dead stock to begin with you, else you will become overwhelmed and loose the focus. 𝗖. 𝗞𝗻𝗼𝘄 𝗲𝘃𝗲𝗿𝘆𝘁𝗵𝗶𝗻𝗴 𝗮𝗯𝗼𝘂𝘁 𝘁𝗵𝗲 𝘀𝘁𝗼𝗰𝗸: Select these stocks and tabulate everything, variant, color, engine type, feature change and any other details. I simply recommend using excel sheet and add these attributes (variant, color, engine type etc.) in columns. 𝗗. 𝗙𝗶𝗻𝗱 𝗥𝗲𝗮𝘀𝗼𝗻𝘀 𝗳𝗼𝗿 𝗻𝗼𝘁 𝘀𝗲𝗹𝗹𝗶𝗻𝗴: Be a patient, active listener to your problems, the purpose of this exercise is to know what your team is facing as a challenge, as they have tried and tested. This is not the time to become Boss, it's time to know what's real issue. Kindly take feedback from the customers shown interest in past. You may never know with a small push this inventory may liquidate. Kindly get genuine on what made them not accept this variant or colour. Ask Open-ended questions (What, why, when, where etc.) ̲𝙳̲𝙾̲𝙽̲'̲𝚃̲ ̲𝙰̲𝚂̲𝚂̲𝚄̲𝙼̲𝙴̲,̲ ̲𝚘̲𝚝̲𝚑̲𝚎̲𝚛̲𝚠̲𝚒̲𝚜̲𝚎̲,̲ ̲𝚢̲𝚘̲𝚞̲ ̲𝚏̲𝚊̲𝚕̲𝚕̲ ̲𝚒̲𝚗̲𝚝̲𝚘̲ ̲𝙿̲𝚁̲𝙴̲𝚂̲𝚄̲𝙼̲𝙿̲𝚃̲𝙸̲𝙾̲𝙽̲ ̲𝚃̲𝚁̲𝙰̲𝙿̲.̲ This activity is very crucial, as more qualitatively you do this activity, the better we will have data to formulate our action in the next part.This brings us to the end of Part 1. Hope you liked our small 5 min series. Please do share your comments & the effectiveness of this exercise. #cardealerships #inventory #deadstock #maximiseprofitability #successinwork #transformmindset #jayeshpatel100x

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Lucid Motors - Driving the Future of Electric Vehicles (7 of 10) ⚡ 🚗 PIF’s Investment in Lucid Motors: Leading the Electric Vehicle Revolution PIF’s strategic investment in Lucid Motors is a bold move to place Saudi Arabia at the heart of the electric vehicle (EV) revolution. Lucid Motors, an American EV manufacturer, is renowned for its innovative designs and cutting-edge technology. With PIF’s backing, Lucid has not only launched the luxurious Lucid Air sedan but is also constructing a state-of-the-art manufacturing facility in Arizona, which will soon become a cornerstone of the global EV market. 🌱 Sustainable Mobility Lucid Motors is redefining the future of transportation with vehicles that are not only luxurious but also sustainable. The Lucid Air, the company’s flagship model, is a testament to this vision. It boasts a range of over 500 miles on a single charge, making it one of the most efficient EVs on the market. This innovation aligns perfectly with PIF’s broader goal of promoting sustainable industries and reducing carbon emissions on a global scale. 🔧 Innovation and Technology Lucid Motors is at the cutting edge of automotive technology. From advanced battery systems to autonomous driving capabilities, the company is pushing the boundaries of what’s possible in electric mobility. PIF’s investment in Lucid is not just financial; it is a strategic partnership aimed at fostering innovation in the Kingdom. Saudi Arabia is positioning itself as a leader in the emerging EV market, with plans to establish local manufacturing and R&D facilities. 🌐 Global Expansion and Local Impact PIF’s support has enabled Lucid Motors to scale rapidly, with plans to enter new markets across Europe, the Middle East, and Asia. This global expansion will not only increase Lucid’s market share but also create significant economic opportunities within Saudi Arabia. The Kingdom is set to benefit from technology transfers, job creation, and the development of local supply chains, all contributing to the broader Vision 2030 objectives. 🎯 Key Achievements 1. PIF’s strategic investment drives innovation in the EV sector. 2. Lucid Air sets new standards in luxury and efficiency. 3. Expansion of manufacturing capabilities with global market penetration. 4. Significant contributions to Saudi Arabia’s Vision 2030. Sew more: 🔗 This post is part of a series. Visit my LinkedIn profile to explore more about PIF's strategy and impact.

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