tted with an optional safety pack. Four-star ratings went to the electric Renault 4, Ford Tourneo Custom (including EV version), Kia EV3 (without the safety pack), Opel/ Vauxhall Grandland, Peugeot 3008 and 5008, and VW Transporter. The budget Dacia Bigster received 3 stars, reflecting its low-cost focus. Euro NCAP evaluates car safety based on crash tests from different angles, pedestrian safety, and accident prevention systems for both cars and...

News  Updated at: 2025/05/21

Porsche announces strategic realignment with focus on hybrids and EUR 1.3 billion in 2025 restructuring costs On May 21, Porsche AG's CEO outlined a new strategy to secure the company's future amid global challenges at the third Annual General Meeting on May 21, 2025. The plan includes updates to both products and company operations. Porsche is adjusting to slower global progress toward electric mobility. As part of this shift, it will refocus it...

News  Updated at: 2025/05/21

EU approves Daimler Truck and Volvo joint venture for commercial vehicle software On May 20, the European Commission approved a joint venture between Daimler Truck AG (Germany) and Aktiebolaget Volvo (Sweden) under EU merger rules. The joint venture will focus on developing and supplying software-defined vehicle platforms and other software for commercial vehicles. The commission found no competition issues, as the companies will have a small com...

News  Updated at: 2025/05/21

dn. Bhd. signed 2 MoUs—one with Zhejiang Wanliyang Co., Ltd. and another with Wuhu Qida Power Battery System Co., Ltd. Meanwhile, Multi-Code Electronics Industries (M) Bhd. signed 2 separate MoUs with 2 Chinese firms to boost Chery Malaysia localization and technology transfer. These partnerships focus on automotive components, technology transfer, and joint investments, further strengthening Malaysia’s role in the global automotive supply ch...

News  Updated at: 2025/05/21

ended for international markets. FPI was also unaffected by recent U.S. tariff hikes, given its minimal exposure to the U.S. market (0.4% of sales). Growth in battery electric vehicle (BEV) registrations presents new opportunities for FPI to expand into EV-compatible product lines. With a strategic focus on international markets and a strong aftermarket segment, particularly in the Middle East, the company is well-positioned to navigate industry ...

News  Updated at: 2025/05/21

and a defined roadmap to accelerate Thailand’s xEV adoption. Mercedes-Benz emphasized the need for consistent regulations, recognition of industry investment, and reduced trade barriers. The company saw PHEVs as a practical entry point for consumers new to electric mobility while reaffirming its focus on sustainability. BMW echoed the call for flexible and inclusive policies, reaffirming its commitment to sustainability across the value chain ...

News  Updated at: 2025/05/21

Neuce starts construction of new plant in Mexico On May 15, it was announced that Neuce started construction of a new powder coatings plant in Tlaxcala, Mexico thanks to a MXN 600 million investment. The facility, located in the Fidecix I Industrial Park, will focus on producing environmentally friendly powder paints, especially for the automotive sector. The plant is expected to generate over 270 direct jobs during its construction and operation...

News  Updated at: 2025/05/21

Vs. Nissan also confirmed that its vehicle export plans remain on track. While responding to reports about potential plant closures, it clarified that such claims are speculative and not based on official information. Nissan added that no further comments would be made at this time, emphasizing its focus on ongoing operations and its workforce. The company is committed to maintaining transparency and providing updates to stakeholders when necessa...

News  Updated at: 2025/05/20

DeepWay signs distribution agreement with Thai partner to accelerate expansion into Southeast Asian market Announced on May 16, 2025, DeepWay has recently signed a distribution agreement with a key partner in Thailand and secured its first batch of orders in the market. A key focus of the collaboration was DeepWay’s right-hand-drive electric trucks and power trailer models. The company presented the Thai delegation with a detailed overview of t...

News  Updated at: 2025/05/20

ich makes electric vehicles (EVs), and two plants in Kyushu, which produce profitable large-sized vehicles, the Oppama and Shonan Plants are older and their operational rates have been hovering at low levels. Anxiety has spread among local communities, with some saying the plans are too drastic and focus on immediate profit and stock price recovery, but Nissan will step forward to implement the reform without sanctuaries. The company had been con...

News  Updated at: 2025/05/20

AIconic agent system – a powerful AI search tool for the Purchasing and Supplier Network. It uses advanced language and algorithms to deliver fast, personalized search results from multiple data sources. With over 1,800 users and 10,000 searches already, it’s proven to be a valuable asset. The focus now is on agentization, where AIconic becomes more proactive. It includes 10 AI agents handling topics such as quality, supplier data, and proce...

News  Updated at: 2025/05/19

om Phatthana District, Rayong, the plant represents a THB 5 billion investment and covers an area of 104 rai.  Operations are scheduled to start in Q3/2025, with a targeted annual production capacity of 80,000 units by 2028. The first model to be produced will be the JAECOO 6 EV. The facility will focus on CKD production and be equipped with precision aluminum welding robots. Future development plans include expanding HEV production and adding a...

News  Updated at: 2025/05/19

Syensqo, Belgium wins new business for battery-grade Solef Polyvinylidene Fluoride (PVDF) On May 15, Syensqo signed new multi-year contracts for the supply of its battery-grade Solef Polyvinylidene Fluoride (PVDF) with automotive original equipment manufacturers and battery makers. Signed in Q1 2025 and worth over EUR 150 million in net sales, the long-term contracts reflect Syensqo's focus on innovation, and customer partnerships. Solef PVDF, a ...

News  Updated at: 2025/05/16

sities, start-ups, and suppliers. This includes two large-scale programs worth nearly EUR 250 million. The first project, valued at EUR 105.1 million, will develop AI-based driving technology that allows vehicles to learn from real-time driving data. The second project, worth EUR 141 million, will focus on improving BYD’s powertrain technology to boost EV. Additionally, BYD is working with at least three Hungarian universities on these projec...

News  Updated at: 2025/05/16

. In addition to improving business efficiency and strengthening sales of existing products through the business integration, it will enable the two companies to jointly develop "sustainable products," such as products that support electrification and reduce environmental impact, which are areas of focus for both companies. (From an article in the Nikkan Jidosha Shimbun on May 16, 2025)...

News  Updated at: 2025/05/16

FISMIC and unions raise alarm over future of Stellantis Termoli plant amid job cuts On May 14, the FISMIC union announced that it has met with all union reps from FIM, UILM, FISMIC, and UGLM present on May 14, 2025. The focus was on job security and the Stellantis Termoli plant’s future. The growing concern over the planned closure of the FIRE engine department, which employs about 450 people. The remaining departments also face uncertainty. Th...

News  Updated at: 2025/05/15

petitiveness. Therefore, ACEA advocates for further simplification of the EUDR. The EUDR’s requirement for ‘adequately conclusive and verifiable information’ is unclear, making it difficult to comply without investing significant resources to interpret these uncertainties. ACEA asked for more focused approach on the number of products rather than their weight. ACEA said that a risk-based approach should be introduced to focus on deforestati...

News  Updated at: 2025/05/15

TATA AutoComp, India and Katcon announce JV in Mexico for sheet moulded composite On May 15, TATA AutoComp Systems Ltd and Katcon announced a new joint venture in Mexico to manufacture Sheet Moulded Composites (SMC), with a focus on serving the North American market. The venture will specialize in lightweight applications for commercial vehicles, agricultural tractors, off-road vehicles, and specialized non-automotive segments.  In this new vent...

News  Updated at: 2025/05/15

obility and electrical components business including E-Axles to JPY 95 billion in FY 2027, an increase of 30% from its FY 2024 figure. It aims to achieve an operating profit ratio of a little less than 4%, and sales relating to electric-vehicles (EVs) to a little over JPY 40 billion. Meidensha will focus on the development of new products and technical development, while setting conservative targets based on a slowdown in the shift to electric ve...

News  Updated at: 2025/05/15

licy. Backed by BOI incentives, the plant’s initial phase involves an investment of over THB 10 billion, with a production capacity of 100,000 units per year, expandable to 200,000. The company’s headquarters also approved the creation of a “Technology and Engineering Center” in Thailand to focus on right-hand drive EV development. The R&D center will recruit Thai personnel, with BOI supporting collaboration with educational institutions ...

News  Updated at: 2025/05/15