Several South Korean media sources reported that South Korea's composite material manufacturer KGF has agreed to cooperate with China's CIMC Composites in the thermoplastic composite business. By combining CIMC Composites' production technology and global supply capacity for thermoplastic composites with KGF's compos
General Motors has announced it will invest a total of a USD 600 million investment into its South Korean manufacturing operations, with a new investment of USD 300 million being added to the USD 300 million spending commitment made in December 2025. The announcement was made jointly with the Korean Metal Workers’ Un
General Motors’ SAIC-GM joint-venture in China SAIC-GM has unveiled a three-year turnaround plan as the SAIC-GM joint venture contract approaches its June 2027 expiration date. GM has already absorbed USD 2.7 billion in restructuring charges to slash capacity and improve the lineup, which helped to bring about the jo
On March 24, Volkswagen Group Africa announced that Volkswagen has no plans to cease its business operations in Rwanda. The media reports about Volkswagen's disinvestment or leaving Rwanda are incorrect and unfounded. Effective April 1, 2026, Volkswagen Mobility Solutions Rwanda will move to the new and bigger busine
On March 25, Samvardhana Motherson International Limited (SAMIL) signed a joint venture agreement with Hellmann Worldwide Logistics (MESA) Holding Limited, one of the largest family-owned international logistics providers. The JV company will be incorporated in Dubai. It will provide integrated supply chain solutions
On March 25, INTEVA India, in a social media post, announced that it has organized a groundbreaking ceremony for its plant in Chakan, Pune. In November 2025, INTVA announced that it would invest INR 500 million in the new plant in Pune. It will generate over 400 new jobs. The plant marks a major capacity expansion, e
On March 25, Euler Motor raised INR 4.38 billion in its Series E funding round. Euler Motor produces electric three-and-four-wheeler commercial vehicles. This investment will help it to strengthen its manufacturing capabilities at scale, expand its presence across India, and expand its product portfolio.
The investme
On March 25, Exide Industries Limited invested INR 4.5 billion by way of subscription in the equity share capital of its wholly owned subsidiary, "Exide Energy Solutions Limited" (EESL), on a rights basis. With this investment, the total investment made by the company in EESL stands at INR 48 billion.
With the curren
On March 25, Sony Honda Mobility Inc. (SHM) announced that it has decided to discontinue the development and launch of its first model, AFEELA 1, and its second model of AFEELA vehicles that had been under development.
As a result of its parent company Honda Motor Co., Ltd. (Honda)’s reassessment of its automobile el
On March 23, Ola Källenius, chairman of the board of management of Mercedes-Benz, was invited to the China Development Forum 2026 and delivered a speech.
At the forum, new cooperative results between Mercedes-Benz and Tsinghua University were unveiled. A multimodal large model co-developed by the two parties over a l
On March 24, 2026, Valeo Group (Valeo) announced the groundbreaking of a new manufacturing facility in McAllen, Texas, USA, supported by an investment of USD 225 million over five years. Production is expected to start in late 2027.
The 337,000 square-foot site is projected to create up to 500 jobs and will manufactu
Tesla Inc. is reportedly in discussions with several Chinese companies to acquire solar manufacturing equipment worth USD 2.9 billion, according to Reuters. Suzhou Maxwell Technologies, a leading maker of screen-printing equipment for solar cell manufacturing, is a top contender for the project and is reportedly seek
On March 24, Maruti Suzuki India’s board approved the first phase of capacity addition at its upcoming site in Khoraj Industrial Estate, Gujarat, sanctioning an investment of INR 101.89 billion to set up a car plant with a capacity of 250,000 vehicles per annum, along with common infrastructure for future units. This
On March 23, KPIT Technologies transferred its 26% stake in Switzerland-based cloud gaming platform N-Dream AG to wholly owned subsidiary KPIT Technologies (UK) Ltd, resulting in KPIT UK holding 90% of N-Dream and the company becoming a step-down subsidiary of KPIT India.
N-Dream operates a cloud-based game aggregat
On March 24, Runner Automobiles PLC, a pioneer motorcycle manufacturer and exporter, announced that its Board of Directors approved the signing of a master supply and manufacture agreement with BYD Auto Industry Company Limited.
The agreement marks the supplying and manufacturing vehicles of China’s leading electric
On March 23, the 5G Automotive Association (5GAA) and the 6G Smart Networks and Services Industry Association (6G-IA) renewed their memorandum of understanding (MoU), reinforcing their long-standing collaboration for 5G infrastructure deployment for mobility. 6G-IA is the voice of European Industry and Research for n
On March 23, Wipro Limited launched a new Innovation Lab, as part of the Wipro Innovation Network (WIN) in South Korea. The lab will focus primarily on technology, automotive, and industrial sectors, supporting use cases such as intelligent product engineering, software-defined vehicles, smart manufacturing, supply c
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