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China releases 17th list of “Catalog of New Energy Models Eligible for Vehicle Purchase Tax Breaks”
21, China’s Ministry of Industry and Information Technology (MIIT) released the “Catalog of New Energy Models Eligible for Vehicle Purchase Tax Breaks (17th List)”. The selected battery electric models consist of 31 passenger vehicles (including BYD’s Yangwang U9, Leapmotor’s C16, and Li Auto’s Li i8), 39 buses, 86 trucks, and 268 special-purpose vehicles. The selected plug-in hybrid electric models consist of 17 passenger vehicles (...
News Updated at: 2025/05/28
Jiangsu HiPhi established, with 69.8% of shares held by Canada’s EV Electra
Jiangsu HiPhi established, with 69.8% of shares held by Canada’s EV Electra Information from the National Enterprise Credit Information Publicity System (NECIPS) shows that on May 22, Jiangsu HiPhi Auto Co., Ltd. (Jiangsu HiPhi) was established in Yancheng, Jiangsu. With a registered capital of around USD 143 million, Jiangsu HiPhi is 69.8% and 30.2% owned by EV Electra, a Canadian EV company, and Human Horizons, the parent company of the forme...
News Updated at: 2025/05/28
Inoue Rubber Thailand anticipates 5% revenue growth in 2025
itially set for April 9, was delayed, prompting buyers to stockpile products ahead of its expected enforcement in early July. The U.S. remains Thailand’s largest tire export market, accounting for 25% of total U.S. tire imports. While exports are strong, domestic sales are sluggish due to tighter auto loan approvals amid high household debt. To mitigate this, Inoue is targeting new international markets. The company operates two plants, one in ...
News Updated at: 2025/05/28
GM Oshawa could build military vehicles, says Canadian industry minister
GM Oshawa could build military vehicles, says Canadian industry minister On May 22, while touring GM’s Oshawa Assembly Plant, Canada’s Industry Minister Melanie Joly suggested that a drive to bolster the country’s military will form part of Ottawa’s response to U.S. President Donald Trump’s tariffs on the Canadian auto industry. Joly said higher federal defense spending could provide support for industries affected by tariffs, including...
News Updated at: 2025/05/28
Smart expands to Morocco market through partnership with Auto Nejma, plans to launch EV models by 2025
Smart expands to Morocco market through partnership with Auto Nejma, plans to launch EV models by 2025 On May 27, Smart entered the Moroccan market through a partnership with Auto Nejma, a local automotive distributor and official Mercedes-Benz partner. This marks Smart’s presence in 38 countries and regions worldwide. By 2027, Auto Nejma will open six Smart showrooms in key Moroccan cities, offering modern urban mobility solutions. The Smart #...
News Updated at: 2025/05/27
Spain awards EUR 41 million to 21 companies under PERTE VEC III
of electric and connected vehicles, their systems, subsystems, and components, as well as certain auxiliary infrastructure systems necessary for their deployment. Among the selected companies are Mercedes Benz Alava, Robert Bosch Madrid, Robert Bosch Aranjuez, Norpoo Electronics, La Rioja, Zanini Auto Grup, Barcelona, Forvia Interior Systems, Valencia, etc. Based on press release from the Ministry of Industry and Tourism, Spain ...
News Updated at: 2025/05/27
Master Group partners with Chery to launch advanced PHEVs and NEVs in Pakistan
Master Group partners with Chery to launch advanced PHEVs and NEVs in Pakistan On May 26, Master Group of Industries partnered with Chery Automobile to introduce the latest super plug-in hybrid electric vehicles (PHEVs) and new energy vehicles (NEVs) to Pakistan. In the partnership, Master Group is investing in a new state-of-the-art manufacturing facility, a world-class 3S dealership network, and comprehensive aftersales support, led by Master A...
News Updated at: 2025/05/27
DAAE, XPeng AeroHT forge strategic partnership
DAAE, XPeng AeroHT forge strategic partnership Harbin Dongan Auto Engine Co., Ltd. (DAAE) signed a strategic cooperation agreement with XPeng AeroHT. The two companies will jointly tackle next-generation aviation hybrid system technology through in-depth integration of technology advantages in areas such as New Energy Vehicle powertrains and intelligent control. DAAE will be deeply involved in all phases of the project and establish a normal coll...
News Updated at: 2025/05/27
VW Brazil launches all-new sub-compact SUV Tera
developed and manufactured entirely in Brazil at its Taubaté plant. The Tera SUV debuts with two powertrains: a 1.0-liter MPI engine delivering 84 hp, and a 1.0-liter TSI engine with 116 hp. Manual transmission is standard for MPI and TSI versions, while Comfort and High trims come with a 6-speed automatic gearbox. Regarding safety, the vehicle features in all versions six airbags, Autonomous Emergency Braking with pedestrian detection, Electro...
News Updated at: 2025/05/27
Geely Auto unveils Galaxy M9 SUV and “Five by Five” global strategy in Milan, Italy
Geely Auto unveils Galaxy M9 SUV and “Five by Five” global strategy in Milan, Italy On May 22, Geely Auto unveiled the Geely Galaxy/Yinhe M9, a six-seater flagship SUV featuring advanced super-hybrid technology, at an event in Milan, Italy. The new Yinhe M9 SUV is powered by the AI Cloud 2.0-driven EM-P Super Hybrid system. It can accelerate from 0 to 100 kmph in just 4.5 seconds. It features Geely’s next-generation AI Smart Cockpit, AI Dig...
News Updated at: 2025/05/26
Tan Chong Motor, Malaysia records Q1/FY2025 profit, eyes growth in competitive auto market
Tan Chong Motor, Malaysia records Q1/FY2025 profit, eyes growth in competitive auto market Announced on May 23, 2025, Tan Chong Motor Holdings Berhad, Malaysia reported revenue of MYR 553.0 million for the quarter ended March 31, 2025, down 1.9% YoY due to softer consumer sentiment and intensified competition. Despite the decline, the Group posted a profit before tax of MYR 4.6 million, reversing a loss of MYR 16.1 million in the same period in 2...
News Updated at: 2025/05/26
Li Auto opens first Southeast Asia flagship showroom in Philippines
Li Auto opens first Southeast Asia flagship showroom in Philippines Announced On May 25, 2025, Chinese NEV brand Li Auto celebrated the opening of its first flagship showroom in Southeast Asia, officially launched on May 20 in Taguig City, Philippines. The showroom introduces Filipino families to Li Auto’s intelligent vehicles, featuring seamless connectivity, advanced infotainment, and assisted parking. All models are powered by the Range-Exte...
News Updated at: 2025/05/26
DAAE successfully ignites WE20TG-AA hybrid engine
DAAE successfully ignites WE20TG-AA hybrid engine Harbin Dongan Auto Engine Co., Ltd. (DAAE) successfully ignited the first unit of the new WE20TG-AA hybrid engine developed with Changan Auto. The WE20TG-AA, a next-generation high-efficiency engine, is developed to achieve ultimate thermal efficiency. Based on a platform-based design concept that takes factors such as performance, layout, and manufacturability into comprehensive consideration, th...
News Updated at: 2025/05/26
Geely dispatches cars to Europe in its first ro-ro vessel
) ship, “Geely JISU Fortune”, operated by JISU Logistics. Departing from Taicang Port, China, it carries 5,000 units to key European markets such as the United Kingdom, the Netherlands, Belgium, and beyond. It will help Geely to ship vehicles from its diverse portfolio of brands including Geely Auto, Lynk &Co, Zeekr, etc. With an overall length of 199.9 meters, a width of 38 meters, a design draught of 8.6 meters, and a design speed of 19 ...
News Updated at: 2025/05/26
Honda Mexico unveils 2026 HR-V SUV for North American market
angle rearview camera, ABS, vehicle stability assist, and hill descent control. The SUV introduces subtle design upgrades, including new 18-inch black alloy wheels for the Sport and Touring trims, and a revised interior featuring a standard 9-inch touchscreen with wireless Apple CarPlay and Android Auto. The vehicle is available from MXN 610,900 in the Uniq CVT version. (Honda Mexico on May 21, 2025)...
News Updated at: 2025/05/24
U.S. House approved tax bill includes auto loan interest deduction on U.S.-made cars
U.S. House approved tax bill includes auto loan interest deduction on U.S.-made cars The comprehensive tax and funding bill passed by the U.S. House on May 22 would allow a tax deduction on up to USD 10,000 in auto loan interest per year for the 2025 to 2028 tax years, seen as another incentive, beyond tariffs, to purchase domestically made vehicles. Only vehicles assembled in the U.S. would qualify for the tax breaks. The pool of eligible vehicl...
News Updated at: 2025/05/24
Rightware, Finland partners with AMD for next-gen immersive smart cockpit
Rightware, Finland partners with AMD for next-gen immersive smart cockpit On May 19, Rightware announced a collaboration with AMD to jointly create a pioneering reference design that brings together industry-leading design effects and features to become the new standard for future automotive human-machine interfaces (HMIs). The reference design is built on AMD x86 architecture and integrates ThunderSoft’s AI-native operating system AquaDrive OS...
News Updated at: 2025/05/23
BYD introduces Dolphin Surf to Europe
range and 507 km of WLTP City range. Performance varies from 65kW to 115kW. The Dolphin Surf’s sharp, dynamic design includes floating roof elements, a full-width rear light bar, and up to 16-inch wheels. Inside, it boasts a 10.1-inch rotating touchscreen with voice control, Apple CarPlay/Android Auto, and Vehicle-to-Load (V2L) capability. The spacious cabin includes 308–1,037 liters of cargo space and three ISOFIX child seat anchors. Safety ...
News Updated at: 2025/05/23
Bajaj Auto to take control of KTM business
Bajaj Auto to take control of KTM business On May 21, Bajaj Auto Limited announced that it intends to take control of the KTM business that is headquartered in Austria, through its wholly owned subsidiary Bajaj Auto International Holdings BV (BAIHBV). BAIHBV holds a 49.9% stake in its associate, i.e., Pierer Bajaj AG (PBAG) in Austria. PBAG holds over 75% stake in its listed subsidiary, Pierer Mobility AG (PMAG). PMAG is the holding company of ...
News Updated at: 2025/05/23
USMCA trade agreement to be reviewed focusing on rules of origin and new sector-specific quotas in 2026
n and introduce new sector-specific quotas. During the presentation of the 31st Mexican Foreign Trade Congress in October, COMCE Executive President Sergio Contreras will emphasize the importance of close monitoring in sectors such as metals, food, wood, non-ferrous metals, computers, vehicles, and auto parts. Contreras reaffirmed that the trade agreement remains beneficial and will continue under a more regionalized approach. He also highlighted...
News Updated at: 2025/05/23