Maharashtra state cancels tender of 5,150 electric buses On May 23, the Transport Minister of Maharashtra State, in a social media post, announced that the company responsible for supplying 5150 electric buses on a rental basis has been found inactive, and instructions were given to cancel the tender agreement with this company. A revised schedule was given to the concerned bus supplier organization to supply 1,000 buses by May 22, 2025. However,...

News  Updated at: 2025/05/27

Vibracoustic chooses DXC Technology to drive global business transformation with SAP DXC Technology (DXC) announced a five-year IT services agreement with Vibracoustic SE (Vibracoustic), a group company of Freudenberg SE, to transform its SAP environment and modernize global IT operations. DXC will take responsibility for Vibracoustic’s global SAP Application Development and Management Services (ADMS) across 17 countries and over 30 manufacturi...

News  Updated at: 2025/05/27

Northeast Industries, XiEn Technology escalate strategic partnership Northeast Industries Group Co., Ltd. (Northeast Industries) signed a strategic cooperation escalation agreement with Suzhou XiEn Microservo Technology Co., Ltd. (XiEn Technology), a high-power-density servo driver developer. Previously, the two companies signed an in-depth technology cooperation agreement. The signing of the strategic cooperation escalation agreement marks that ...

News  Updated at: 2025/05/27

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

ed by tariffs as it is between the US and other countries. With the expansion of the Pune plant, it will reach 1.1 million units of production capacity. Last year, exports made up 21% of its sales. By 2030, the export penetration can go up and maybe reach 30%. It is also studying the India-UK trade agreement and looking at new opportunities, especially with the EVs coming in from the HMI plants. Based on Hyundai India investor conference call Q4,...

News  Updated at: 2025/05/26

Siget, Italy and Sibplast, Algeria partner for plastic and rubber parts On May 19, the Ministry of Industry, Algeria announced a partnership agreement between the Italian company Siget, specializing in plastic and rubber components for the automotive sector, and the Sibplast Foundation, part of the general group ENPC and a subsidiary of ACS. The agreement paves the way for the creation of an Economic Interest Group (GIE) in Algeria. This collabor...

News  Updated at: 2025/05/26

Cambodia and U.S. hold key talks on tariffs and trade investment framework Reported on May 21, 2025, a Cambodian delegation led by the Deputy Prime Minister and Minister of Commerce held multiple meetings with U.S. government and congressional leaders to negotiate tariffs and strengthen bilateral trade.  These discussions, part of the first round of Trade and Investment Framework Agreement (TIFA) negotiations from May 13-14, 2025, focused on add...

News  Updated at: 2025/05/26

Ikuyo to acquire aluminum die-cast maker Tamadai Ikuyo Co., Ltd. (Ikuyo) announced that it will acquire Tamadai Co., Ltd. (Tamadai, Kaisei Town, Kanagawa Prefecture), a company that manufactures aluminum die-cast products. Ikuyo will sign a share transfer agreement with Tamadai’s Chinese parent company, Dalian Jinwen Metal Products Co., Ltd., to acquire a 100% stake on May 31 in exchange of JPY 303 million. Needs for the reduction of the weight...

News  Updated at: 2025/05/26

ned with an affordable starting price of USD 35,000, hefty tariffs imposed on products made in China led Volvo to delay selling the car in the U.S. market until production started in Ghent, Belgium, which happened in April 2025. The car's starting price is now at USD 46,195. Samuelsson hopes for an agreement between the EU and the U.S. soon. Volvo Cars imports from Europe most of its vehicles for the U.S. market, which in 2024 accounted for 16% o...

News  Updated at: 2025/05/24

Goodyear Tire & Rubber announces divestiture of chemical business On May 22, the Goodyear Tire & Rubber Company announced that it has signed a definitive agreement to sell the majority of its Goodyear Chemical business to Gemspring Capital Management, LLC.  Goodyear Chemical is a leading producer of synthetic rubber, offering a broad product portfolio in North America and serving the automotive aftermarket as well as the consumer and industrial ...

News  Updated at: 2025/05/24

MAN Truck signs agreement with Gartner KG, Austria for 1,200 next-gen semitrailer tractors On May 23, MAN Truck & Bus signed a new agreement with Austrian logistics company Gartner KG for up to 1,200 MAN semitrailer tractors by the end of 2028. Deliveries will begin in the summer 2025, with up to 350 trucks supplied each year. The trucks will feature the fuel-efficient and low-emission MAN PowerLion drivetrain. It is powered by MAN’s D30 engine...

News  Updated at: 2025/05/23

mah, United Arab Emirates, marking a significant milestone in the execution of its Middle East “Third Pole” strategy. The project was formally announced on May 21, 2025, during the Ras Al Khaimah Economic Zone (RAKEZ)’s participation in Make it in the Emirates 2025 in Abu Dhabi, where a lease agreement was signed between RAKEZ and Faraday Future Middle East FZ-LLC, the subsidiary of FF. The facility will support the production of both FF an...

News  Updated at: 2025/05/23

Zeekr Power, DoThink Group forge partnership for charging station construction On May 20, Zeekr Technology Group announced the signing of a strategic cooperation agreement between Zeekr Power and DoThink Group in Hangzhou. The two parties will launch in-depth cooperation in area such as charging station resources, virtual power plants, green electricity trading, and user rights and interests to form a closed loop for the “community-commerce-mob...

News  Updated at: 2025/05/23

sers. The MOU aims to establish a framework for potential collaboration in the EV charging business in Malaysia. Both parties will engage in discussions, exchange relevant information, and evaluate strategic alignment for a possible partnership. The MOU is valid for 12 months or until a definitive agreement is signed and aligns with MBGB’s strategic goal to expand in the energy and EV ecosystem.  (From Bursa Malaysia announcement dated May 21...

News  Updated at: 2025/05/23

USMCA trade agreement to be reviewed focusing on rules of origin and new sector-specific quotas in 2026 On May 21, it was reported that the USMCA (T-MEC) will undergo a review in 2026 to revise rules of origin 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,...

News  Updated at: 2025/05/23

Haima Automobile, China signs MoU with BDG Group, UAE for EV exports to Middle East On May 21, Haima Automobile signed a memorandum of cooperation with the UAE's BDG Investment Group to explore deep strategic collaboration in the Middle East. Under the agreement, the two parties will jointly study the development of in-depth cooperation in the UAE, including the plans for vehicle exports, sales, after-sales service, and technical cooperation of ...

News  Updated at: 2025/05/22

Foton Motor, Huawei Digital Power forge partnership for full electrification of HDTs On May 20, Foton Motor signed a cooperation agreement with Huawei Digital Power in Shenzhen. This April, Huawei Digital Power launched a megawatt super charging solution for heavy-duty trucks (HDTs), which, with a stable output current of 2,400A, unlocks an energy replenishment efficiency four times that of conventional solutions and a 100km range on a 5-minute c...

News  Updated at: 2025/05/22

BYD, CAR forge strategic partnership for NEV rental On May 20, BYD signed a strategic cooperation agreement on summer 2025 vehicle procurement with CAR Inc. (CAR) in Shenzhen. The two companies will conduct comprehensive cooperation in areas such as vehicle procurement and operations, marketing and brand linkage, V2X (Vehicle to Everything) technology collaboration, used vehicle operations, and market services by means such as continuously expand...

News  Updated at: 2025/05/22

Huawei Digital Power, Gaode Yunxin to co-build super charging ecosystem Huawei Digital Power Technology Co., Ltd. (Huawei Digital Power), a Huawei subsidiary, signed a cooperation agreement with Beijing Gaode Yunxin Technology Co., Ltd. (Gaode Yunxin) in Shanghai. Leveraging their respective advantages and expertise, the two companies will co-build a convenient and intelligent charging service ecosystem to extensively enhance charging experience...

News  Updated at: 2025/05/22

Tencent Cloud, WeRide forge partnership for commercial operation of Robotaxis Tencent Mobility, a division of Tencent Group, announced that Tencent Cloud Computing (Beijing) Co., Ltd. (Tencent Cloud) signed an agreement on deepening strategic cooperation with WeRide to further promote long-term in-depth cooperation in areas such as large-scale commercial operation of Robotaxis, R&D of intelligent driving technology, and expansion of markets outs...

News  Updated at: 2025/05/22