On May 7, Beijing Hyundai held the global debut of the Elexio, its first SUV to be based on a battery electric platform, in Shanghai.
The Elexio, a Hyundai battery electric model for the Chinese market, integrates modern aesthetics, cutting-edge technologies, and high quality. As a variation of the word “electric”, t

OEMs built 326,069 light vehicles in Mexico in April 2025, resulting in a 9.1% decrease compared to the 358,597 units built in the same month of 2024, according to the National Institute of Statistics and Geography (INEGI).
OEMs with production increases in April included Ford with an increase of 0.3% to 38,505 units

OEMs with manufacturing operations in Mexico exported 256,953 light vehicles in April 2025, a 10.9% decrease compared to the 288,330 units shipped in April 2024, according to the National Institute of Statistics and Geography (INEGI).
OEMs with increased exports in April included Toyota with a 36.4% increase to 28,54

On May 8, Bharat Forge Limited announced that the board of directors of the Company has accorded in-principle approval for making a further Investment in its wholly owned subsidiary Kalyani Powertrain Limited (KPTL) for an amount not exceeding INR 796 million. Further, the board has delegated the necessary powers to

Auto Shanghai 2025, one of the major global automotive events on the calendar, is taking place from 23 April – 2 May 2025 and GlobalData are there to cut through the noise to bring you the real insight behind the biggest announcements.
John Zeng (Director of Asian Forecasting) and Lancy Zhang (Powertrain Market Analy

On May 7, 2025, the Thai Royal Gazette announced the enforcement of an increase in the excise tax rate on diesel and gasoline, with an additional rise of up to THB 1 per liter. The move comes in response to a shortfall in government revenue, largely attributed to tax incentives for electric vehicles.
The Royal Gazet

On May 7, the Ministry of Business and Made in Italy and STMicroelectronics signed an agreement to support the growth and expansion of the STMicroelectronics site in Catania. 
The implementation of the program includes investments of EUR 5 billion in the period 2023-2037, with public incentives exceeding EUR 2 billio

On May 7, hofer powertrain announced a battery module utilizing next-generation lithium-sulfur cells provided by its US-based project partner Lyten. The joint project aims to deliver the most efficient battery solutions for mobility, motorsport, marine, and other applications.
As part of the joint project, Lyten prov

The European automotive market in 2025 is not in freefall but is clearly stagnating
For decades, Europe’s automotive sector was built on strong export markets, with Russia, China, and the US playing an outsized role in driving sales volumes and profitability. While domestic demand remains important to European OEMs,

ZF Friedrichshafen AG (ZF) has agreed with employee representatives at its headquarters in Friedrichshafen (Operation Z) to temporarily reduce weekly working hours from May 15, 2025, until March 2026.
The measure supports ZF’s efforts to adjust capacities in response to challenging economic conditions and structural

According to GM's Q1 2025 financial data released on May 1, 2025, the company's global sales in Q1 2025 (Q1) were 1,449,000 units, up 7.5% from the same period last year.
The breakdown is as follows: North America: 819,000 units, up 15.5% (including 693,000 units in the U.S., up 16.7%); Asia Pacific/Middle East and A

The number of new passenger car registrations in April was 242,728 units, down 0.2% from the same month last year, and the total sales for the first four months of the year were 907,299 units, down 3.3% from the same period last year, according to the figures released by the Germany Federal Motor Vehicle Office (KBA)

UK passenger car sales dropped 10.4% year-on-year to 120,331 units in April 2025, according to data from the Society of Motor Manufacturers and Traders (SMMT) released on May 6.
Year-to-date sales were up 3.1% with 700,833 cars registered in the first four months of 2025.
In April, VW sales plummeted 21.0% to 10,474

On May 5, the Brazilian dealer association Federacao Nacional da Distribuicao de Veiculos Automotores (Fenabrave) announced combined sales of 208,661 new passenger cars, light commercial vehicles, trucks, and buses in April 2025, a decrease 5.5% compared to April 2024 and an increase of 6.7% from March 2024.
Vehicle

Several media sources reported that Magna International announced plans to launch driverless vehicles on the streets of Toronto later in 2025.
The Ministry of Transportation Ontario (MTO) recently notified Magna that its application into Ontario’s Automated Vehicle Pilot Program (AVPP) has been approved, allowing it

On May 2, 2025, VinFast announced the signing of a long-term syndicated loan agreement worth IDR 1.85 trillion (approximately USD 110 million), with an additional USD 80 million accordion facility. The agreement was made in collaboration with Indonesia's state-owned Bank Negara Indonesia (BNI) and PT Bank Maybank Ind

On April 23, at the Auto Shanghai 2025, Exeed, a Chery high-end sub-brand, unveiled the new Tianji concept vehicle positioned as a “large 6-seater leisure SUV”.
5.3m in length, 2m in width, 1.9m in height, and 3.2m in wheelbase, the Tianji is a full-size SUV with a Phecda-inspired name signifying “courage” to echo Ex