eneral Motors. In January, Webasto announced it would close its Rochester Hills, Michigan, plant in a consolidation impacting 244 workers. In December 2024, it laid off 218 workers after cutting the third shift at its Plymouth Township and New Hudson factories. On July 3, Webasto announced that its global restructuring is on track and expected to be completed in 2028. Webasto had launched its restructuring program at the end of 2024, adjusting it...

News  Updated at: 2025/07/12

BMW gears up for Neue Klasse EVs with global battery production network On July 9, BMW announced that it will ramp up the production of the high-voltage batteries for its Neue Klasse vehicles. Before mass production, BMW tests and develops the batteries at its pilot plants in Parsdorf, Hallbergmoos, and at the Research and Innovation Centre (FIZ) in Munich. BMW is setting up five battery assembly plants on three continents for its sixth-generatio...

News  Updated at: 2025/07/09

Lyten acquires Northvolt’s Dwa ESS operations in Gdansk, Poland On July 1, San Jose, California-based Lyten, a global leader in lithium-sulfur batteries, announced the acquisition of Northvolt’s Dwa ESS operations in Gdansk, Poland.  The 25,000 square meter (270,000 sq ft) battery energy storage systems (BESS) manufacturing and R&D facility is the largest BESS manufacturing facility in Europe and was part of Northvolt Systems. Lyten and Nort...

News  Updated at: 2025/07/03

VinFast expands in U.S. with first dealership in California On June 18, VinFast announced its first authorized dealership in California, representing a key milestone in VinFast's global strategy to expand its sales model through a network of dealerships across the country. Located in San Diego, VinFast's newest dealership is set to officially begin operations in late June. The location will provide California consumers with the opportunity to exp...

News  Updated at: 2025/06/25

KGM aims to launch 7 new SUV and MPV models by 2030 On June 17, multiple sources reported that KGM held its ‘KGM Forward’ event at its headquarters in Pyeongtaek, where the company unveiled its mid- to long-term strategic roadmap. At the event, KGM highlighted the expansion of its SUV-focused lineup and enhanced collaboration with global partners as its core strategies. KGM plans to introduce seven new models by 2030, including practical, exp...

News  Updated at: 2025/06/19

GlobalData blog: Thailand’s automotive market faces critical challenges amidst shifting regional landscape Thailand’s position in the ASEAN automotive landscape is facing increasing pressure as regional dynamics shift. The country experienced a staggering 26% YoY decline in Light Vehicle (LV) sales in 2024, and the outlook for 2025 remains bleak, with a further contraction of 7% YoY experienced in Q1 compared to an already depressed base duri...

News  Updated at: 2025/06/12

Stellantis Italy signs new Collective Labor Agreement (CCSL) with trade unions for 2025–2026 On June 6, Stellantis Italia signed a new agreement with major trade unions covering the economic part of the second two-year period of the collective labor contract for 2023–2026. The agreement continues a long-standing partnership between the company and unions. Key updates include wage increases, better performance bonus criteria, and restarting wo...

News  Updated at: 2025/06/09

hile increasing the use of inexpensive manganese. Additionally, they can achieve an energy density 33% higher than that of LFP batteries. Recognizing these advantages, Posco Future M selected LMR cathode materials as a flagship product for the entry-level and standard electric vehicles (EVs). Since 2023, the company has been jointly developing commercialization technology with global automakers and battery companies, and in 2024, it completed pil...

News  Updated at: 2025/05/30

Bosch seeks to expand North American component production On May 14, Robert Bosch GmbH reported North American consolidated sales of USD 17.3 billion and net sales of USD 18.6 billion. North America had the largest sales increase globally for Bosch in 2024, growing 5% year-over-year.  The growth moves the company toward its goal of the region representing 20% of global sales by 2030, at the same time President Trump has increased tariffs on impo...

News  Updated at: 2025/05/21

Honda 2025 Business update: realigning automobile electrification strategy On May 20, Honda held a press briefing on realigning its automobile electrification strategy. As for EVs, due to the revision of the product launch plan considering the recent market slowdown, the Honda global EV sales ratio in 2030 is now expected to fall below the previously announced target of 30%. Honda will position its HEVs, as the powertrain that will play a key rol...

News  Updated at: 2025/05/20

y the increasing demand for reliable battery testing services, the facility was purpose-built from the ground up to evaluate EV and industrial battery products during the research and development phases of battery manufacturing.  The opening of the UL Solutions Aachen laboratory arrives during the global energy transition toward electrification. The International Energy Agency notes strong EV market growth and surge in battery demand, which jump...

News  Updated at: 2025/05/16

re shares of NSK Steering & Control, Inc. (NS&C), currently an equity-method affiliate of NSK. As a result of the share acquisition, NS&C and its subsidiary, NSK Steering Systems Co., Ltd., will become consolidated subsidiaries of NSK. NS&C was a consolidated subsidiary of NSK which managed NSK’s global steering business. Since August 2023, NS & C has become an equity method affiliate, with JIS holding 50.1% of the voting rights and NSK holding...

News  Updated at: 2025/05/14

GlobalData blog: Europe’s automotive sales lose global lifelines 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, external markets have provided both scale and stability – unt...

News  Updated at: 2025/05/08

Dongsung Chemical opens new PU plant in Indonesia to serve key industries including automotive On April 30, 2025, Dongsung Chemical, a South Korea-based eco-friendly materials science company, inaugurated a new polyurethane (PU) production plant spanning 81,000 sqm in Karawang, Indonesia. Construction started in September 2023, with trial production completed in early 2025 and full-scale operations commencing in February 2025. With an annual capa...

News  Updated at: 2025/05/08

range of cutting-edge new energy mobility options.  This addition reinforces UAAGI’s commitment to the growing NEV market in the Philippines. Geely’s Radar, a leader in the New Energy Vehicle (NEV) pickup segment (also known as Riddara), has captured over 50% of the Chinese market share since 2023. With a presence in over 50 countries, Radar aims to achieve 30,000 units in global sales by 2025. The brand’s flagship model is the RD6, which...

News  Updated at: 2025/04/28

Eight Japanese OEMs’ FY 2024 global production falls first time in three years Eight Japanese passenger car makers’ global production and sales for the fiscal year that ended in March 2025 (FY 2024) both declined from FY 2023. The total global production decreased for the first time in three years, and seven automakers (excluding Suzuki Motor Corporation) reported a production decline. The total global sales declined for the first time in two...

News  Updated at: 2025/04/25

Stellantis reports 9% decrease in Q1 2025 consolidated shipments estimates On April 11, Stellantis announced its global consolidated shipment estimates for Q1 2025, revealing a 9% decline to 1.2 million units. The decline was mainly due to reduced production in North America and Europe, caused by extended holiday breaks and product transitions. In North America, shipments decreased by 20% to 82,000 units, compared to Q1 2024, primarily due to Jan...

News  Updated at: 2025/04/14

gado plant in Antioquia, marking a major milestone for Colombia’s automotive industry. Previously imported from Brazil, the Kwid now joins the lineup of locally assembled models alongside the Duster, Sandero, Logan, and Stepway. This project, part of a USD 100 million investment plan announced in 2023, reflects Renault’s confidence in Colombian talent and strengthens its commitment to innovation, job creation, and international competitivenes...

News  Updated at: 2025/04/11

Porsche cancels Nardò Technical Center, Italy expansion plan On March 27, Porsche decided to cancel its development plan for the Nardò Technical Center (NTC) in Apulia, Italy. NTC remains a key part of Porsche Engineering's testing and development, operating year-round for global automotive clients. Since 2023, a software unit in Lecce has strengthened its tech capabilities in southern Italy. Porsche initially planned to expand NTC’s services...

News  Updated at: 2025/03/28

2024 global car sales rankings: Chinese automakers increasing presence in global sales The balance of power among global automakers is changing. In 2024, Chinese automakers saw an increase in sales, while Japanese, European, and U.S. automakers struggled. China’s BYD Co. Ltd. was at the top of the companies that enjoyed successful sales. Sales of Zhejiang Geely Holding Co., Ltd. (Geely Group), Changan Automobile Co., Ltd., and Chery Automobile ...

News  Updated at: 2025/03/28