Dongfeng Motor announced on June 19 that it unveiled its new global expansion strategy — the “Skyward Sailing”(Tianji Yangfan) Plan — on June 18 at the 2026 International Automotive & Supply Chain Expo (Hong Kong).
Over the next five years, Dongfeng Motor will invest resources at a scale of over CNY 100 billion, laun
GAC Group announced on June 18 that it officially launched its “Hong Kong ACTION 2.0” strategy at the 2026 International Automotive & Supply Chain Expo in Hong Kong
Product lineup: GAC Group introduced two new models, the E9 Premium and the AION UT Elite. The E9 Premium has been comprehensively upgraded to better sui
On June 18, CaoCao Mobility announced the official launch of a full-scale AI transformation and unveiled its new RoboX strategy at the 2026 International Automotive & Supply Chain Expo (Hong Kong). The company stated that it will focus on three core pillars — intelligent driving technology, intelligent purpose-built
On June 19, the Competition Commission of South Africa recommended that the Competition Tribunal approve the proposed transaction whereby Chery SA intends to acquire the assets related to Nissan SA Manufacturing, with conditions. The primary target firm is the Manufacturing Plant in Rosslyn, Gauteng. The Manufacturin
On June 22, in a U.S. Securities and Exchange Commission (SEC) filing, the Lucid Group said it is cutting its U.S. workforce by approximately 18% as part a plan “aligning production plans with anticipated demand”. The plan is expected to realize an annualized cost savings of approximately USD 158 million.
The company
On June 18, Iveco Bus announced plans to expand its business in Central Asia and Turkiye by forming new partnerships at Busworld Turkiye 2026 in Istanbul.
The company has signed an agreement with Az-Tex Import to supply 600 Turbo DAILY 4x4 minibuses in Azerbaijan. The Turbo DAILY 4x4 minibuses will be assembled by Na
On June 20, Uno Minda announced that it has received approval from the Ministry of Heavy Industries under Press Note 3 of 2020 for the proposed investment by Inovance Automotive (HK) Investment Co. Ltd. in Uno Minda Auto Innovations Pvt. Ltd., a wholly owned subsidiary of Uno Minda. The approval was received on June
On June 19, Divgi TorqTransfer Systems secured an order from an existing Indian OEM for All-Wheel Drive systems for the OEM's upcoming AWD variants of mid-sized and full-sized SUV models. Under the program, Divgi TTS will supply Interactive torque management assemblies, electronic control units, and power transfer un
On June 19, Himadri Speciality Chemical increased its stake in US-headquartered International Battery Company to 20.47% on a fully diluted basis through an additional investment of USD 0.66 million, taking its total investment in IBC to USD 6.09 million. Before this, Himadri held a 17.29% stake after aggregating inve
On June 22, Infineon Technologies AG announced a collaboration with Amazon Web Services (AWS) to accelerate microcontroller (MCU) evaluation to shorten development cycles for automotive systems. As part of this collaboration, Infineon is launching a cloud-based platform for virtual evaluation of Infineon automotive M
On June 17, Candera GmbH and Magic Lane announced a strategic partnership to simplify the integration of advanced navigation into Human-Machine Interfaces (HMI). The partnership gives OEMs, Tier 1 suppliers, and device manufacturers a clear path to evaluate and implement navigation-enabled HMIs using Candera CGI Stud
On June 22, Giti Tire announced that it will supply its GitiSynergy H3 tire for the all-electric BMW iX1 and BMW iX2. The tires will be supplied in size 245/40 R20 99Y XL and have been specifically engineered to meet a range of key performance and sustainability targets.
The GitiSynergy H3 was designed and engineere
On June 19, Avesta Holding announced that it has decided not to pursue the planned BulgaPower project in Bulgaria further at this stage. This decision reflects recent political changes and shows the need for a stable, transparent, and supportive environment when developing large industrial investments.
Avesta Holding
On June 18, Aptiv PLC announced the expansion of its Technical Center in Chennai, India. The expanded facility will add approximately 300 engineers, bringing the total workforce at the center to more than 600 engineers.
This growth further strengthens Aptiv’s capabilities in delivering software-led solutions across
On June 19, 2026, Sogefi S.p.A. (Sogefi) signed an agreement to sell its United Springs business unit to Associated Metal Forming Technologies (AMFT), a portfolio company of One Equity Partners, for an enterprise value of approximately EUR 20 million.
The transaction is expected to be completed by Q3/2026, subject to
On June 18, Gestamp announced the start of operations at its new manufacturing facility in Piracicaba, São Paulo, marking the company's eighth plant in Brazil.
The new site is located in one of the country's main automotive manufacturing regions and was designed to operate with a strong focus on efficiency, flexibili
On June 16, KAIYI Auto announced the launch of the X7 Hybrid in Argentina, marking the brand’s entry into the Argentine hybrid SUV segment.
Positioned as a premium intelligent seven-seat hybrid SUV, the X7 Hybrid is equipped with a hybrid powertrain that delivers a combined driving range of more than 1,200 km on a fu
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