The project includes the construction of a manufacturing, R&D, and warehousing complex on a 15-hectare site in the Logistik III Industrial Park, with USD 15 million allocated for land acquisition. Kingfa, a global leader in plastic molding, aims to generate 500 direct jobs and enhance the regional supply chain. The facility will produce specialized plastic parts for the automotive sector and serve industries such as aerospace, home appliances, a...

News  Updated at: 2025/05/16

Voyah, CETC Chips forge partnership for R&D of Chinese chips On May 13, Voyah, a Dongfeng Motor Corporation sub-brand, signed a strategic cooperation agreement with CETC Chips Technology Inc. The two parties will launch all-round cooperation in areas such as establishment of an automotive chip supply chain, application of mature Chinese automotive-grade chips, and promotion of technology innovation. CETC Chips owns a complete chip industrial chai...

News  Updated at: 2025/05/15

European Commission clears acquisition of Covestro by ADNOC On May 13, the European Commission approved, under the EU Merger Regulation, the acquisition of sole control of Covestro AG of Germany by Abu Dhabi National Oil Company P.J.S.C. (‘ADNOC') of the UAE. The transaction relates primarily to the supply of chemicals and high-performance polymer materials, and solutions. The market investigation confirmed that ADNOC and Covestro mainly operat...

News  Updated at: 2025/05/14

to manufacture these motors at its plant in Faridabad.  The patented AEM technology will enable SGEM to offer customers Magnet-Free motors that offer market-leading performance without any weight or size penalty. SGEM will offer its customers an alternative to the China-dependent permanent magnet supply chain. Through this Technology Licensing Agreement, SGEM will serve all segments of the traction motors market. The business plan also calls fo...

News  Updated at: 2025/05/14

P) based cells, at a comparable cost. GM aims to offer more than 400 miles of range in an electric truck while achieving significant battery pack cost savings compared to today’s high-nickel chemistry pack used in GM's electric truck platform. LMR battery technology integrates into GM’s battery supply chain and cell manufacturing processes that sources critical materials like lithium, graphite, and manganese from North America. (GM press rele...

News  Updated at: 2025/05/14

mbly cells, laser stripping and brazing, precise rotor balancing, high-capacity ovens, and comprehensive quality checks on stators. By bringing all processes under one roof, the new setup creates an efficient, highly automated manufacturing system that improves product reliability, consistency, and supply chain flexibility. Based on YASA press release...

News  Updated at: 2025/05/13

ed to be operational by Q1 2027. It will create high-quality jobs and contribute to the provincial budget.  BKY selected Ninh Binh for its improved business environment, favorable trade agreements, and strategic proximity to Korean auto factories that are its partners, which will help optimize the supply chain. (From Ninh Binh govt. release dated May 8, 2025 and multiple sources)...

News  Updated at: 2025/05/13

tteries. The group includes carmakers, recyclers, researchers, and industry experts. The project was funded by the Advanced Propulsion Centre (APC). RECOVAS focused on extending the life of EV batteries through reuse, remanufacturing, and recycling. The project successfully built a working circular supply chain and achieved several key goals that support battery circularity. Key achievements of the project include: EMR’s multimillion-pound inve...

News  Updated at: 2025/05/12

tion of “smart cars” is typically associated with “EVs.” VW Group’s strategy may inspire a rethink. Its success or failure will significantly impact other automakers’ transition timelines. Impact Industry Restructuring The industry structure will undergo a reshaping, particularly in the supply chain and in the competition for technology standards. Established automakers might collaborate on “smart ICE” standards to challenge Tesla...

News  Updated at: 2025/05/09

SUBCON Thailand 2025 to spotlight regional industrial parts sourcing power and xEV growth Announced on May 6, 2025, Thailand Board of Investment (BOI) and its partners will host SUBCON Thailand 2025, ASEAN’s premier industrial parts exhibition, from May 14–17 in Bangkok.  Now in its 19th year, the event, themed “The Global Sourcing Excellence,” will showcase Thailand’s supply chain strengths in key sectors such as automotive, electrifi...

News  Updated at: 2025/05/09

red on exchanging policy information, discussing industry trends, and exploring future cooperation between CATARC and EVAT.Key discussions included the development of new energy vehicles (NEVs) in Thailand, domestic component utilization rates, testing and certification requirements for the Thai EV supply chain, challenges faced by Chinese EV companies in Thailand, and the impact of international policy changes, including tax measures from the U....

News  Updated at: 2025/05/09

Energy Solution (up 15.1% to 23.8 GWh, 10.7% share), SK On (up 35.6% to 10.5 GWh, 4.7% share), CALB (up 31.5% to 8.6 GWh, 3.9% share). After Trump’s re-election, the U.S. has officially implemented strong tariff policies on Chinese batteries and raw materials, reigniting tension across the global supply chain. In response, Korean battery companies are expanding joint ventures with local OEMs and reinforcing their strategy to increase the share ...

News  Updated at: 2025/05/09

means that UK farmers will be given a quota for 13,000 metric tonnes of beef to be exported to the U.S. and the US granted the same. The fact sheet says the trade deal “establishes high standard commitments in the areas of intellectual property, labor, and environment” and will create a secure supply chain for pharmaceutical products. (Whitehouse.gov release and other sources on May 8, 2025)...

News  Updated at: 2025/05/09

key industries, including automotive and electronics. It is also expected to generate approximately USD 150 million in annual revenue. Strategically located in an industrial zone with robust logistics infrastructure, the plant supports Dongsung’s global expansion, particularly into the automotive supply chain across Southeast Asia, the Americas, and Europe. The site is equipped with advanced automation and raw material storage to ensure product...

News  Updated at: 2025/05/08

generated positive automotive gross profit of USD 92 million for Q1 2025, compared to USD (497) million for the same quarter in 2024, and positive software and services gross profit of USD 114 million for Q1 2025, compared to USD (30) million for the same quarter in 2024. As a result of tariff and supply chain impacts, Rivian has revised its full-year 2025 delivery outlook to 40,000 to 46,000 vehicles. Due to its strong Q1 results, Rivian is mai...

News  Updated at: 2025/05/08

models will affect the overall mix. Production will also be temporarily reduced for about 3 weeks due to the planned Enterprise Resource Planning rollout at Gaydon HQ, UK. The company remains alert to broader risks such as further tariff changes, economic or political instability, currency shifts, supply chain issues, and delays in key launches such as the Valhalla. Based on Aston Martin press release...

News  Updated at: 2025/05/07

already producing the redesigned Ram 2500 and 3500 Heavy Duty models, targeting sales in the U.S. and Mexico. While Warren Truck in Michigan remains idle until at least May 12, Stellantis views Saltillo as a strategic site to maintain competitiveness and mitigate risks from trade tensions, ensuring supply chain continuity across North America. (Multiple sources on April 30, 2025)...

News  Updated at: 2025/05/05

to recover key battery raw materials such as lithium, nickel, and cobalt, which will then be processed into positive electrode materials and supplied to LG Energy Solution’s global battery production bases. LG Energy Solution explained that this collaboration allowed the company to build a stable supply chain and cope effectively with European battery recycling regulations. (From a press release on April 29, 2025)...

News  Updated at: 2025/05/05

can region to work on the expansion of its car leasing and dealership networks and the strengthening of its pharmaceutical distribution and retail business as well as wind and solar power generation operations. It will allocate JPY 100 billion for the recycling business, enhancement of the mobility supply chain, and the healthcare business in India. In the Mid-Term Business Plan through the fiscal year that ended March 31, 2025, Toyota Tsusho rec...

News  Updated at: 2025/05/01

00 million from 2026. In H1/2025, the company aims to reduce its administrative and selling costs by around 5% and its investments in property, plant and equipment as well as intangible assets by around 15%, compared with the same period of 2024. Valeo has also conducted an exhaustive review of its supply chain to mitigate the direct impact of the new tariffs. As a result, more than 90% of products produced by the Group in Mexico and imported int...

News  Updated at: 2025/04/30