South Korea’s Enchem discusses with US Former Members of Congress delegation regarding its US investments South Korea’s electrolyte manufacturer, Enchem Co. Ltd., said the Former Members of Congress (FMC) delegation visiting South Korea had visited the company’s factory in Cheonan, South Korea. During the visit, the delegation promised to comprehensively support Enchem’s plant expansion and new plant construction in the U.S. Enchem curren...

News  Updated at: 2025/05/22

Sabah govt. updates on Maxland Auto’s EV investment progress in Malaysia Reported April 17, 2025, the State Minister of Industrial Development and Entrepreneurship of Sabah has provided an update on the EV manufacturing project by Maxland Auto Sdn Bhd. A site visit to the proposed factory location in Sandakan was conducted on February 15, 2025, by the Minister and relevant government agencies to gather first-hand insights into the project's pla...

News  Updated at: 2025/04/18

Skoda to complete vehicle plant in Quang Ninh, Vietnam in Q1/2025 On January 19, 2025, the Vietnamese Prime Minister, during his official visit to the Czech Republic, met with the CEO of Skoda Auto Global in Prague.  Skoda Auto updated the project progress in Vietnam as well as its plan to increase the localization rate, while paying attention to support and incentive policies. It assessed Thanh Cong as a reliable partner. The new automobile man...

News  Updated at: 2025/01/22

Chery encouraged to set up car assembly plant in Indonesia Reported on January 8, 2025, the Indonesian Deputy Minister of Industry, during his latest visit to the local manufacturing site for Chery Motor Indonesia vehicles in West Java, appreciated the company’s commitment to meet the Domestic Component Level (TKDN) of 40%. Chery Indonesia’s TKDN is expected to jump to 60% in the future. Currently, local production of Chery Motor Indonesia i...

News  Updated at: 2025/01/09

Shanghai Huizhong Automotive, China plans plant in Serbia On October 19, the City of Novi Sad in Serbia announced that its mayor, during his visit to China, visited the SHAC (Shanghai Huizhong Automotive Manufacturing). SHAC is planning to open a factory in Novi Sad by the end of 2025. The new factory will create 150 jobs.  During his stay in Shanghai, the mayor signed a contract with the company for the construction of a production hall where ...

News  Updated at: 2024/10/21

China, signed a MOU for strategic cooperation with Polytron, a high-tech subsidiary of Indonesia-based Djarum Group, in Jakarta. Their cooperation covers a number of key areas aiming to promote the popularization and localization of NEVs in the Indonesian market.  Both parties will establish a KD factory in Indonesia, aiming to shorten product delivery cycles, reduce costs, and improve product competitiveness through efficient supply chain mana...

News  Updated at: 2024/09/04

Hyundai committed to EV/battery development in Indonesia; planning hydrogen-fueled car project Announced on May 20, 2024, the Indonesian Coordinating Minister for Economic Affairs, during a working visit to South Korea, met with Hyundai Motor Group CEO. The minister praised the efforts of Hyundai in working on EV development and various hydrogen projects globally, including Indonesia with Waste-to-Hydrogen project that utilizes local community wa...

News  Updated at: 2024/05/23

ral Asian and Middle Eastern markets. 43 prominent political and business figures from Kazakhstan gathered in Hangzhou. Both sides have engaged in in-depth discussions on exploring future business development models, injecting new momentum into Geely's localized operations in Kazakhstan. During the visit, they visited the Geely Changxing factory. Geely and the Kazakhstani delegation signed the cooperation agreement in the field of new energy.  I...

News  Updated at: 2024/04/09

LG Group leaders visit Mercedes-Benz headquarters Several South Korean media sources reported that the top executives of LG Group affiliates visited the headquarters of Mercedes-Benz AG in Stuttgart, Germany, and discussed with the German-based automaker's management future cooperation in the automotive parts business. The LG affiliates that visited Mercedes-Benz included LG Electronics, LG Display, LG Energy Solution, and LG Innotek. They discus...

News  Updated at: 2024/03/21

German president and Thai PM discuss ways to fortify trade/investment; EV and chip industries included Announced on January 26, 2024, President of the Federal Republic of Germany officially visit Thailand for the first time in 22 years.  During this official visit (January 24-26), the German President and the Thai Prime Minister have discussed ways to strengthen cooperation in trade and investment, EV, circular economy, environment, semi-conduct...

News  Updated at: 2024/01/29

Thailand’s PM recently visits Tesla’s Fremont plant in U.S.; holds discussion on future collaborations Reported on November 20, 2023, the Thai Prime Minister has paid a visit to Tesla’s Fremont factory in California, during his official visit to the United States. The Thai PM Srettha was shown around the factory and explored the Cybertruck with Tesla’s vice president of vehicle engineering.  According to the Thai PM’s social media upda...

News  Updated at: 2023/11/21

Thai govt. and WHA Industrial Estates continue efforts to advance Thailand as global car production hub Announced on November 4, 2023, the Thai Prime Minister and his delegation has recently visited the WHA Eastern Seaboard Industrial Estate 2 (WHA ESIE 2). The Thai PM also visited the factory of SAIC Motor - CP Co., Ltd., covering an area of over 437.5-rai. This visit coincided with the recently approved measures to support electric mobilities i...

News  Updated at: 2023/11/09

d a discussion with the representatives of Turkey’s Koç Holding. Koç Holding aims to expand its future activities in Egypt in the coming period with further cooperation with the General Authority for the Suez Canal Economic Zone and the Arab Organization for Industrialization. Koç Holding will visit Egypt soon to probe the establishment of an auto manufacturing factory to meet the needs of local and international markets. Based on press rele...

News  Updated at: 2023/08/11

Hyundai Indonesia intends to increase TKDN of electric cars from 40% to 60% by 2024 On July 11, 2023, President of Hyundai Motor ASEAN HQ expressed optimism that Hyundai Indonesia will be able to raise the domestic component level (TKDN) of electric cars to 60% by 2024, up from its current TKDN level of 40%. This was unveiled during a visit by the Indonesian Minister of Trade at PT Hyundai Motor Manufacturing Indonesia, Bekasi plant.Hyundai also ...

News  Updated at: 2023/07/13

Proton planning comprehensive NEV solutions; new NEV model’s entry into Malaysia confirmed  Announced on April 3, 2023, the Malaysian Minister of International Trade and Industry (MITI) previewed a range of NEV models under Geely Group during a visit to Zeekr Intelligent Factory in Ningbo, China. Established in 2021, this premium electric automobile brand is owned by Geely Automobile Holdings. During the visit, the minister also discussed with...

News  Updated at: 2023/04/05

and products.Stellantis has placed its plant in Campo Largo, Paraná, which recently ended engine production after 25 years, up for sale.The secretary also informed that in March the BYD technical team, formed by Chinese representatives of the company, will carry out an evaluation of the Stellantis factory in Paraná in order to arrive at a business value involving the unit.Related to BYD’s upcoming due diligence investigation, Barros said, "In...

News  Updated at: 2023/01/24

Nexperia, Netherlands raises concern over UK Government’s order to divest Newport Wafer Fab On November 17, Nexperia B.V. (Nexperia) announced that it is shocked by the UK Government’s decision to order the divestment of 86% of its semiconductor wafer factory in South Wales, known as Newport Wafer Fab (NWF), despite the acquisition being cleared by two previous security reviews. Nexperia does not accept the national security concerns raised....

News  Updated at: 2022/11/23

SIN CARS signs agreement for next stage of construction of its plant in Giurgiu, Romania On October 20, SIN CARS and Romanian representatives signed an agreement for the next stage of the procedure for the construction of the new production factory in Giurgiu, Romania. The representatives from the Romanian State visited the "Research and Development Center" of SIN CARS in the city of Ruse. The purpose of the visit was to clarify the details of ...

News  Updated at: 2022/10/28

Hyundai Motor Group negotiating second plant in Georgia to build EVs Hyundai Motor Group is reportedly in talks to build its second automobile factory in Georgia with plans to hire 8,500, according to people familiar with the matter.Hyundai is negotiating for a site along I-16 in Bryan County, near Savannah, for a factory that would build EVs, according to the people.Kia has a plant in West Point, Georgia, with 2,700 employees that it opened in ...

News  Updated at: 2022/05/10

Indonesia Minister persuading VW to build EV battery component plant locally Reported on October 20, 2021, Indonesia Minister of investment and head of the Indonesian Investment Coordinating Board (BKPM) unveiled his attempt at luring Volkswagen to set up production of EV battery components in Indonesia. The proposal was made during a working visit to Germany this month, and in that trip, the minister also met with Thomas Schmall-von Westerholt, ...

News  Updated at: 2021/10/20