joint ventures between SMR Stuttgart and Mr. Erol Senol, founder of the Plast Met Group, with SMR Stuttgart already holding a 75% stake acquired in 2021. The acquisition is valued at EUR 3.225 million, and the transaction is subject to antitrust approval in Turkey, with expected completion by Q2 FY 2025–26 (September 30, 2025). Post-approval, the share acquisition rights may be assigned to Motherson SAS Turkey Otomotiv Servis Ticaret Limited Si...

News  Updated at: 2025/06/23

Sharda Motor, India to begin commercial production at new chakan plant On June 21, Sharda Motor Industries Limited (SMIL) announced that it has received the factory license for its new manufacturing facility from the Directorate of Industrial Safety and Health, Government of Maharashtra. The license was issued on June 20, 2025, and the company confirmed that commercial production at the plant will begin on June 23, 2025. Earlier, in May 2024, SMI...

News  Updated at: 2025/06/23

Mr. Antonio Filosa takes over as Stellantis CEO, announces new global leadership team On June 23, Stellantis N.V. announced that Mr. Antonio Filosa officially began his role as CEO and declared a new global leadership team, effective immediately. The team includes top talent from across Stellantis’ global operations. These changes follow the February 2025 restructuring and focus on placing product decisions closer to key markets. The aim is to ...

News  Updated at: 2025/06/23

Ireland to reopen eSPSV25 grant scheme with nearly EUR 5 million in funding On June 18, the Transport Minister of Ireland announced that the 2025 Electric Small Public Service Vehicle (eSPSV25) Grant Scheme will reopen on June 23, 2025. It was launched in February 2025 with a EUR 12.5 million budget, and the scheme received a record number of applications. About EUR 7.5 million has already been granted, leaving nearly EUR 5 million available when...

News  Updated at: 2025/06/23

ed that Ebro, the Spanish carmaker, announced that it will invest EUR 100 million to expand its presence at the former Nissan factory in the Zona Franca (Free Trade Zone) to achieve a production of 150,000 additional cars per year. The announcement was made at the International Logistics Fair (SIL) 2025, which is being held at the Fira de Barcelona Montjuïc venue, Spain. The investment will be used to install a second production line, including...

News  Updated at: 2025/06/23

ics units of LADA models. This connection will give cars access to online features such as real-time traffic and road updates through navigation, remote map updates, streaming services, and telematics for remote car control. LADA Connect services for select models will be launched before the end of 2025. Based on Avtovaz press release...

News  Updated at: 2025/06/23

Yutong unveils IC12E and U12 electric buses at UITP Summit 2025, Germany On June 20, Yutong Bus showcased its battery-electric intercity bus IC12E and the premium city bus U12, under the theme 'Think Eco, Move Green', at the UITP Summit 2025, held in Hamburg, Germany. The IC12E is specifically engineered for high-frequency intercity operations, offering a maximum range of 610 km under SORT2 conditions, it delivers robust power performance and a ...

News  Updated at: 2025/06/23

Toyota launches Land Cruiser Hybrid 48V in Europe On June 23, Toyota introduced the all-new Land Cruiser Hybrid 48V in Europe. The sales of vehicles will begin shortly, with deliveries starting by the end of 2025. The Hybrid 48V system combines the Land Cruiser’s 2.8-litre engine and 8-speed automatic gearbox with an electric motor, a power converter, and a 48V lithium-ion hybrid battery. The battery features 13 cells with a 4.3 Ah capacity and...

News  Updated at: 2025/06/23

es for complex ADAS/AD domain-specific development), and EDGE (a modern, app-like, GenAI-assisted development environment for automotive applications based on the COVESA vehicle signal specification and the open-source KUKSA Databroker. An initial public implementation of key modules is planned for 2025, with full release for series projects scheduled from 2026 onwards. (From a press release dated June 23, 2025)...

News  Updated at: 2025/06/23

32nd Gaikindo Indonesia International Auto Show 2025 to run from July 24 – August 23 Announced on June 20, 2025, the 32nd Gaikindo Indonesia International Auto Show (GIIAS), organized by the Association of Indonesia Automotive Industries (Gaikindo), will take place from July 24 to August 3 at the Indonesia Convention Exhibition (ICE), BSD City, Tangerang. From hybrids and electric vehicles to the latest models making their debut in Indonesia, G...

News  Updated at: 2025/06/23

Vietnam-based TMT Motors’ EV charging subsidiary renamed following May 2025 establishment On June 17, 2025, TMT Motors announced an update through the State Securities Commission (SSC) and Ho Chi Minh Stock Exchange (HOSE) portals regarding one of its subsidiaries. The company disclosed that TMT Electric Vehicle Charging Station Investment and Trading Joint Stock Company has been renamed to Vietnam Egreen Charging Investment Joint Stock Company...

News  Updated at: 2025/06/23

GlobalData blog: The rise of Chinese automotive brands in Europe: Insights from 2025 so far As we approach the midpoint of 2025, the momentum of Chinese brands has gathered more pace as they carve out their niche in the European market.  With the introduction of the “make origin” fields in GlobalData’s Light Vehicle Sales Forecasts, we now have clearer visibility into the growth trajectory of these brands than ever before. The results from...

News  Updated at: 2025/06/23

TMT Motors Vietnam introduces locally-made Nano S05 2-seat EV; set for Q4 launch On June 19, 2025, TMT Motors introduced the Nano S05, a locally produced, European-standard compact electric car designed for urban mobility, targeting young people, families, and individual users. Expected to cost slightly more than high-end scooters, the Nano S05 is set to launch in Q4 2025 and will be available through authorized showrooms and online platforms. Wi...

News  Updated at: 2025/06/23

TMT Motors Vietnam unveils 2025–2026 strategy covering EVs and e-CV plans On June 19, 2025, TMT Motors held a media event at its Hanoi headquarters to unveil its 2025–2026 business strategy, centered on 3 key areas: trucks, electric vehicles (EVs), and a nationwide charging infrastructure. TMT will continue producing a diverse range of conventional trucks (500 kg–40 tons) while expanding into electric trucks (1–8 tons) and electric vans (...

News  Updated at: 2025/06/23

Philippines installs 1,062 EV charging stations; New Solar-Assisted unit unveiled in Clark On June 20, 2025, the Philippines’ Department of Energy (DOE), through its Energy Utilization Management Bureau, handed over a Solar-Assisted EV Charging Station (EVCS) to the Clark Development Corporation (CDC).  Located at Clark Museum Parking Lot, the EVCS supports e-mobility by linking Metro Manila and Northern Luzon, helping cut fossil fuel use and ...

News  Updated at: 2025/06/23

h interaction and online navigation. The exhibited immersive all-domain 3D lane-level navigation system leverages HD map data from NavInfo to present urban street scenes in a stereoscopic manner, truly reproducing complex roads and environmental details. (From a NavInfo press release dated June 18, 2025)...

News  Updated at: 2025/06/23

rticle dispersion expertise, the two companies have achieved superior heat resistance and thermal conductivity in a single formulation. Building on this successful collaboration, the two companies aim to pursue further joint development of next-generation products. (From a press release on June 16, 2025)...

News  Updated at: 2025/06/23

tory to be built in Kanda Town, Fukuoka Prefecture, due to the decline in demand for EVs. Nissan Motor Co., Ltd. (Nissan) has withdrawn a plan to build a new lithium iron phosphate (LFP) battery plant in Kitakyushu City, Fukuoka Prefecture. (From an article in the Nikkan Jidosha Shimbun on June 23, 2025)...

News  Updated at: 2025/06/23

ervices and supporting the operation of double-trailer trucks. “"Going forward, Hino and its partner companies will proactively lead activities in the areas of their expertise and contribute to solving logistics issues," the company said. (From an article in the Nikkan Jidosha Shimbun on June 23, 2025)...

News  Updated at: 2025/06/23

rt), a joint venture with ArcelorMittal S.A. (ArcelorMittal), to ArcelorMittal, as the acquisition of United States Steel Corporation (US Steel) has been completed. As a result, Nippon Steel will record a restructuring loss of 230 billion yen in its consolidated financial results for the April-June 2025 period. This includes a cash loss of JPY 100 billion. While preparing for the US Steel acquisition, Nippon Steel has determined that, to address ...

News  Updated at: 2025/06/23