and rationalization of their Thai production bases: Honda has decided to cease vehicle assembly at its Ayutthaya plant and concentrate operations at its Prachinburi facility. Nissan has suspended one of its two plants and consolidated production into a single facility this year to address chronic overcapacity. Mitsubishi intends to halt operations at one of its Thai plants around mid-2027. Suzuki closed its Rayong plant in Q1 2025 as part of a ...

News  Updated at: 2025/12/09

also investing nearly USD 1 billion to build a new advanced, fuel-efficient V8 engines in New York.  As it is now clear that near-term EV adoption will be lower than GM had planned, due to changes in the regulatory and market environments, GM is reassessing its EV capacity, and working to address overcapacity and EV losses in 2026 and beyond. At the same time, GM will continue to invest in new battery chemistries, form factors, and architectura...

News  Updated at: 2025/10/22

European Commission announces plan to protect EU steel industry On October 7, the European Commission presented a proposal to protect the EU steel sector from the unfair impacts of global overcapacity. The proposal upholds the principle of open trade and enhances engagement with global partners to address overcapacity. The proposal will replace the steel safeguard measure that is set to expire by June 2026. The European Commission proposed limiti...

News  Updated at: 2025/10/09

table item from the joint statement is the possibility for discounted rates on certain steel, aluminum and derivative products through quotas. The joint statement says that the EU and U.S. will “intend to consider the possibility to cooperate on ring-fencing their respective domestic markets from overcapacity, while ensuring secure supply chains between each other,” (White House release on August 21, 2025) / (European Commission release on Au...

News  Updated at: 2025/08/22

erials and agreement on an upgraded supply chain mechanism. If there are bottlenecks, this mechanism can immediately check and solve the issue that is out there. Europe discussed market access in the summit, and the EU and China agreed to work on concrete solutions. They also discussed the issue of overcapacity in China's economy, in crucial sectors like steel, solar panels, electric vehicles, and batteries. China’s subsidized production exceed...

News  Updated at: 2025/07/28

and components, certain chemicals, certain generics, semiconductor equipment, certain agricultural products, natural resources, and critical raw materials.   On steel and aluminium, the EU and the US will reduce barriers, and tariffs will be cut to mitigate the common external challenge of global overcapacity. They are planning a quota system. They will also increase energy cooperation. The EU will replace Russian gas and oil with significant p...

News  Updated at: 2025/07/28

Geely says no new plant in Indonesia; Local assembly proceeds with partner Reported on June 13, 2025, Geely confirmed it will not build a new manufacturing plant in Indonesia, aligning with its global decision to halt the construction of new facilities and the expansion of existing ones due to what it describes as “serious overcapacity” in the global automotive industry. Nevertheless, Geely remains committed to the Indonesian market. The comp...

News  Updated at: 2025/06/16

rs business unit. Lavradio is one of seven sites in the Carbon Fibers business unit and currently employs around 250 people to manufacture acrylic fibers and precursors for carbon fibers. The closure of the Lavradio site is necessary due to a significant drop in demand for fiber products and global overcapacity in acrylic and carbon fibers. Higher manufacturing and energy costs in Europe make Lavradio less competitive, especially against lower-pr...

News  Updated at: 2025/05/07

Minerals Group has acquired the entire share capital of CNGR Finland. Finnish Minerals Group previously held a 40 % minority stake in the company. The decision stems from the globally challenging market situation for precursor materials used in lithium-ion battery production. There is a significant overcapacity in China and the Pacific region, and tariffs imposed by the US have created uncertainty in the electric vehicle market, forcing companies...

News  Updated at: 2025/04/07

CEO seeks a new path forward for the struggling company. The industry minister is scheduled to meet Stellantis representatives on December 17, 2024, for the first time since Tavares’s exit. Additionally, the government is expected to announce more incentives for the industry. Stellantis, facing overcapacity in Europe, is likely to commit to producing new models at its Italian plants, benefiting local suppliers. (Based on multiple sources)...

News  Updated at: 2024/12/16

ther measures, such as eliminating anniversary bonuses and pre-2005 employee protections, are essential for efficiency. Both sides aim to finalize an agreement that balances cost savings with investments in sustainable products through the 2030s. Discussions will resume on December 16, with factory overcapacity and cost concerns remaining critical topics. (VW Group press release on December 12, 2024)...

News  Updated at: 2024/12/10

affected locations in Germany. It is now revealing specifics for four additional locations in Europe. It will cease production in the Sheffield location in the UK which comes under the Powertrain & Chassis division and primarily manufactures clutch systems for passenger cars. The location is facing overcapacity due to a shift towards automatic transmissions in ICE cars and powertrain electrification. Schaeffler plans to relocate passenger car clu...

News  Updated at: 2024/11/27

and administration. Meanwhile, an additional 6,000 jobs will be transferred to external service providers or eliminated through the sale of business activities. This plan is a part of the company's future industrial strategy in response to structural changes in the European steel market, including overcapacity and increasing cheap imports from Asia. (From a press release dated November 25, 2024) ...

News  Updated at: 2024/11/26

orted that Audi's Brussels factory may resume operations next week. Initially, operations were scheduled to resume this week, but unions expect it to remain closed for at least another week. The final decision will be discussed with social partners on August 22, 2024. The plant faces closure due to overcapacity and high production costs, partly blamed on Belgium’s labor costs and the plant’s challenging location. While Audi is exploring alter...

News  Updated at: 2024/08/21

Bosch to reduce working hours of 2,300 employees at Bosch Engineering in Germany Several media sources reported that Bosch will cut working hours of 2,300 employees at its subsidiary, Bosch Engineering GmbH, which specializes in developments in the automotive sector. The decision is due to the tense situation in the mobility sector and the existing overcapacity and high-cost pressure. Starting in October 2024, weekly hours will initially be reduc...

News  Updated at: 2024/08/16

ncentives for Zero-Emission Vehicles (iZEV) program and investment restrictions.  The consultations will also seek comments on cyber and data security related to protecting Canadians’ privacy and Canada’s national security interests, and will consider perspectives on policies driving China’s overcapacity and surging exports of EVs, including labor and environmental standards, and unfair and non-market practices.  (Government of Canada rel...

News  Updated at: 2024/06/25

that two existing NIO plants in Hefei have reached the designed single shift production capacities due to the recent hot sales of NIO models and NIO’s long-term strategy. As the two plants can no longer fulfill market demand with their capacities given the launch of new models, NIO is not facing overcapacity. From multiple press releases...

News  Updated at: 2024/06/07

024. The tariff rate on lithium-ion EV batteries and battery parts will increase from 7.5% to 25% in 2024. Furthermore, the tariff rate on natural graphite and permanent magnets will increase from zero to 25% in 2024. With extensive subsidies and non-market practices leading to substantial risks of overcapacity, China’s exports of EVs grew by 70% from 2022 to 2023—jeopardizing productive investments elsewhere. “A 100% tariff rate on EVs wil...

News  Updated at: 2024/05/15

urope. The minister said that Chinese electric vehicle companies rely on continuous technological innovation, a complete production and supply chain system, and sufficient market competition to develop rapidly, rather than relying on subsidies to obtain competitive advantages.  The accusations of "overcapacity" by the United States and Europe are groundless. The Chinese government will actively support companies in safeguarding their legitimate ...

News  Updated at: 2024/04/08

an eighty countries. Also, the company plans to change its Yancheng factory into Kia’s global export base and expand the scale of annual exports to more than 200k units by 2026. Nissan has also stated that it will start to rely on China’s complete industrial chain as an export base to cope with overcapacity for Internal Combustion Engine (ICE) vehicles and to supply global demand. (GlobalData blog on March 20, 2024)...

News  Updated at: 2024/03/26