partner iTriangle Infotech Private Limited. The acquisition involves a total consideration of INR 11.01 billion and will take VECV's shareholding in VECS from 51% to 74%, with iTriangle's stake reducing to 26%. The transaction is expected to be completed by July 31, 2026. VECS, incorporated in May 2023 and operational since August 2024, is engaged in connected vehicle services including IoT, telematics, EV compliance, fuel and cargo security, an...

News  Updated at: 2026/05/19

modular manufacturing systems. A centerpiece of the auction is the Manz battery production line. The auction will help to sell late-model, production-ready equipment from a recently outfitted facility designed for next-generation EV manufacturing. Much of the equipment was installed as recently as 2023 and remains in exceptional condition. Based on AssetBuilt press release...

News  Updated at: 2026/05/18

s - the Honda Hybrid Sedan Prototype and the Acura Hybrid SUV Prototype - made the world premiere. The prototypes are scheduled to go on sale within the next two years. Honda strives to reduce the cost of its next-generation hybrid system by more than 30% compared to the hybrid system introduced in 2023. By combining its next-generation hybrid system with the next-generation platform and newly-developed electric AWD unit, the company will strive ...

News  Updated at: 2026/05/15

el cell vehicles (FCVs) by 2040. Honda fell into its first net loss since listing due to a slowdown in EV demand, but aims to recover with a growth strategy centered on HVs. The next-generation HV system will reduce costs by more than 30% and improve fuel efficiency by more than 10% compared to the 2023 model. In addition, the platform will be revamped to significantly enhance product competitiveness. On the same day, Honda unveiled prototypes of...

News  Updated at: 2026/05/15

achievements over the past 40 years, covering global expansion, electrification, intelligent technology advancements, and a multi-brand product portfolio. A global strategic plan under the “One Geely” vision was shared as well. Geely Auto Group sales outlook outside of China -          2023 market share outside of China: around 5%; Q1 2026 export sales: over 203,000 units; 2026 sales target outside of China: 750,000 units; and 2027 s...

News  Updated at: 2026/05/11

Tesla offers HW3 hardware vehicle owners a FSD V14 Lite update On April 28, Tesla offered new information to owners of vehicles equipped with its HW3 hardware (in models from 2019 to early 2023) who had been promised full self-driving capability, but were given no path forward. CEO Elon Musk acknowledged during the Q1 earnings call that HW3 cannot achieve unsupervised FSD as their vehicles have been largely stuck on software Version 12.6 since ea...

News  Updated at: 2026/05/09

0 recorded its best monthly performance at 2,377 units following its February refresh featuring revised styling and a 1.5-liter turbocharged i-GT engine. SUV sales also remained strong, led by the Proton X50 with 2,603 units, while the Proton X90 recorded 462 units, its highest total since December 2023. Proton e.MAS recorded 3,420 EV and PHEV units in April, lifting cumulative 2026 sales to 11,664 units. The e.MAS 5 remained Malaysia’s best-se...

News  Updated at: 2026/05/08

ral east. (Map of assembly plants in Kazakhstan) The vehicle production status by brand is as follows. Chinese brands Allur Automobile, the largest local assembly company, has been producing JAC (Anhui Jianghuai Automobile Group Corp., Ltd) brand vehicles at its Kostanay plant since 2017, and since 2023 has also been producing Hongqi brand vehicles, which are under the umbrella of the FAW Group (China FAW Group Co., Ltd.). This plant also began p...

News  Updated at: 2026/05/08

pabilities in China. With around 170 employees, it covers multiple functional areas, such as R&D laboratories, pilot production workshops, showrooms, and integrated office space. Schaeffler established Intelligent Driving Technology (Changsha) Co., Ltd. in 2019 and designated it as an R&D center in 2023. As part of Schaeffler's global R&D network, the Changsha Center focuses on electric drive systems, intelligent chassis technology, and autonomou...

News  Updated at: 2026/05/05

Chery Group sales in Malaysia total 55,800 units since re-entry; Smart Auto Industrial Park progresses Reported on April 28, 2026, Chery Group’s total vehicles on Malaysian roads have collectively reached 55,800 units since its 2023 market re-entry. The company currently operates four brands locally: Chery, Omoda | Jaecoo, iCaur, and Lepas.In 2025, the group had risen to become Malaysia’s fifth-largest automotive group by sales volume, securi...

News  Updated at: 2026/04/30

e.” To what extent has that perception gap been corrected? And could technologies developed for China eventually flow back into Europe? Ms. Keim: In reality, this shift began well before any of the carmakers publicly announced it. Volkswagen made its "In China, for China" approach explicit around 2023, but the company had long operated R&D sites in China. However, those operations were largely limited to small-scale adaptations for the local ma...

News  Updated at: 2026/04/28

ve power and coasting to a stop after a period of time, and eventually losing exterior lighting, increase the risk of a crash. The affected vehicles, built at various plants in Europe, include mild-hybrid electric versions of the 2021-2024 Land Rover Range Rover Velar and Land Rover Discovery, 2020-2023 Land Rover Range Rover Evoque, 2019-2024 Land Rover Range Rover Sport, 2020-2024 Land Rover Range Rover, 2020 Land Rover Discovery Sport, 2020-20...

News  Updated at: 2026/04/25

V, GMC Sierra EV, GMC HUMMER EV Pickup and SUV, and Cadillac Escalade IQ.     • The TVA Green Invest program involved at Spring Hill Manufacturing in Tennessee, which builds the Cadillac LYRIQ, VISTIQ, and XT5. Globally, GM matched 70% of its electricity usage with renewables, nearly double its 2023 level, with new projects in Mexico and Brazil. (GM release on April 21, 2026)...

News  Updated at: 2026/04/22

ted to generate 1,000 new jobs. Located in the municipality of Cienega de Flores, the new facility is part of the company's expansion strategy in Nuevo Leon, where it has consolidated its growth in recent years.  The new plant joins TDI Manufacturing Mexico’s second facility inaugurated in April 2023 in Salinas Victoria, as well as the first operation established in Cienega de Flores.  TDI Manufacturing Mexico is part of the Chinese Yinlun TD...

News  Updated at: 2026/04/21

have also seen an increase in the transition from existing mini-vehicle users due to rising gasoline prices. Along with the strong-selling gasoline-powered Roox, Nissan aims to strengthen its presence in the Japanese market, starting with mini vehicles. The Sakura was launched in June 2022, and in 2023, it sold 37,140 units, pioneering the mini-passenger EV market. However, sales in 2025 fell to 14,093 units, less than 40% of the initial figure....

News  Updated at: 2026/04/20

entry-level Model Y is 188.7 inches long, and weighs up to 4,246 lbs., while the autonomous Cybercab is 175.0 inches long. Three people with knowledge of the matter said Tesla would manufacture the compact SUV initially at Gigafactory Shanghai, and later expand production to the U.S. and Europe. In 2023, Tesla began preliminary efforts to establish a new plant in Santa Catarina, Mexico, potentially to build an affordable Model 2, but never follow...

News  Updated at: 2026/04/18

udes seven sales centers located across the Greater Montréal region, Québec City, and Northeastern Québec. RIZON trucks are built based on the eCanter platform in Japan by Mitsubishi Fuso Truck and Bus, a wholly owned subsidiary of ARCHION Corporation. They were first debuted in North America in 2023 at the Advanced Clean Transportation (ACT) Expo in Anaheim, California, and are now operating on streets across Canada and the U.S.  The class 4...

News  Updated at: 2026/04/18

ize the Sunderland plant’s utilization rate, but we have nothing to announce at this time.” Nissan is developing the plant as a production base for electric vehicles (EVs). Nissan seems to be considering future collaboration with other companies make effective use of its production capacity. In 2023, the automaker announced its plan to invest up to GBP 3 billion (approximately JPY 630 billion) with support from the British government to devel...

News  Updated at: 2026/04/17

re from Honda, announced a new customer relationship with Third Lane Mobility, the parent company of Bird and Spin shared micromobility devices, as commercial availability of its Fastport eQuad and Fleet‑as‑a‑Service (FaaS) platform gets underway.  Fastport, which was established by Honda in 2023 to enhance urban logistics, is partnering with Bird and Spin to introduce the Fastport eQuad into their field operations in 2026, with initial de...

News  Updated at: 2026/04/17

L&F cancels consideration of entering anode material business Several South Korean media outlets have reported that L&F Co., Ltd. (L&F), a South Korean cathode material manufacturer, has canceled its plans to enter the anode material business, which it had been discussing with Japan's Mitsubishi Chemical Group. The two companies had signed a business agreement in June 2023 to establish a joint venture to build an anode material supply chain in th...

News  Updated at: 2026/04/16