Im Darren, I would like to talk about the product development6.0 Product developmentProduct development is a series of steps that includes the conceptualization, design,development, packaging, and marketing of newly created or newly rebranded goodsor services. It is described broadly as the transformation of a market opportunity intoa product available for sale. Thus, the objective of product development is tocultivate, maintain and increase a company's market share by satisfying a consumerdemand.Next6.1 New Product developmentAs our group has decided to bring up completely new concepts and innovativeproducts known as “Tesla Model Ultra-M series”. this new product is mainly referringto the concept of greener and eco-friendly electric car which requires less space,creates less noise, and provide short/long distance.It also includes a batteryreplacement system with a comfortable two-seat city car. The purpose of this idea isto create a mobility solution that can support ageing society and provide freedom ofmovement.
