KGM aims to launch 7 new SUV and MPV models by 2030 On June 17, multiple sources reported that KGM held its ‘KGM Forward’ event at its headquarters in Pyeongtaek, where the company unveiled its mid- to long-term strategic roadmap. At the event, KGM highlighted the expansion of its SUV-focused lineup and enhanced collaboration with global partners as its core strategies. KGM plans to introduce seven new models by 2030, including practical, exp...

News  Updated at: 2025/06/19

Automotive electronics supplier Trensor breaks ground on first overseas plant in Malaysia On May 17, 2025, Trensor Co. Ltd., a leading automotive sensor manufacturer, broke ground on its first international production facility in Penang, Malaysia. The MYR 100 million investment will create 200 high-skilled jobs and is expected to generate MYR 200 million in annual sales once operations begin in 2026. Land has also been secured for future expansio...

News  Updated at: 2025/05/21

Auto Shanghai 2025: ChangAn Automobile releases three strategic action plans On April 27, 2025, ChangAn Automobile has unveiled its forward-looking roadmap, consisting of three strategies — its new energy Shangri-La Mission, Dubhe Plan for intelligence, and its Vast Ocean Plan for global expansion — usher in a new chapter of strategic upgrades and innovation for ChangAn. Major breakthroughs for the Company include debuting multiple new energy...

News  Updated at: 2025/05/02

panded sales of hybrid vehicles and favorable currency conditions. Global vehicle sales totaled 1,001,120 units, representing a 0.6% decrease compared to the same period last year. While sales in the Korean domestic market grew by 4.0% and sales in North America increased by 1.1%, declines in other overseas markets negatively impacted the overall global volume. Sales of electrified models (including commercial vehicles) in Q1 2025 surged by 38.4%...

News  Updated at: 2025/04/25

Auto Shanghai 2025: HERE Technologies - Yaxon Connect to jointly develop navigation system for Chinese CVs HERE Technologies announced a collaboration with Yaxon Connect, a leading hardware-software provider in Vehicle-to-Everything (V2X) systems, to develop an overseas navigation system for new energy commercial vehicles (CVs). The collaboration supports Chinese CVs in their expansion globally. The solution integrates HERE’s high-precision liv...

News  Updated at: 2025/04/23

BYD raises USD 5.59 billion through share placement, Partners with Al-Futtaim Group for expansion On March 4, BYD announced that it had entered into a placing agreement to issue shares, with placing agents helping find investors to purchase the shares. The shares will be issued under the General Mandate.  If all the shares are placed, BYD expects to raise approximately HKD 43,509 million (USD 5.59 billion), which it plans to use for research and...

News  Updated at: 2025/03/04

e, and stable solutions for automotive and energy storage markets. The immersion cooling, unlike traditional cooling methods, offers higher efficiency, enhancing safety and reducing environmental impact. The two companies will strengthen their collaboration and commence specific initiatives for the expansion of the immersion cooling battery systems market in Japan and overseas. Based on XING Mobility and ENEOS press release...

News  Updated at: 2024/12/27

GAC International inaugurates Europe office in Amsterdam, Netherlands On December 9, GAC International launched its Europe office in Amsterdam, Netherlands. The inauguration marks GAC’s expansion into the European market, accelerating its overseas business development. The new office will serve as the central point for GAC’s operations in Europe, focusing on market growth, brand promotion, and sales. It aims to strengthen GAC’s presence in ...

News  Updated at: 2024/12/13

HONGQI exports first batch of 600 EH7 and EHS7 vehicles to Europe On December 9, HONGQI announced that it has shipped its first batch of 600 electric vehicles to Europe, including the EH7 and EHS7. In October 2024, HONGQI presented these models at the Paris Motor Show. The successful shipment of the EH7 and EHS7 marks a further expansion of HONGQI's presence in the European new energy vehicle market. Moving forward, HONGQI will continue to deepen...

News  Updated at: 2024/12/10

FAW Trucks unveils Starship China at European events, strengthen partnership with Shell to expand global presence On October 31, FAW Trucks announced that the Starship China, developed in collaboration with Shell, made its overseas debut at both Automechanika Frankfurt 2024 and Shell's Ultimate Stopover Event in Budapest, Hungary, from September to October 2024. The launch introduces concepts and technologies focused on low-carbon and emission-re...

News  Updated at: 2024/11/04

ly. The JV plans to have 350 sales points by the end of 2024 and will release one new model annually for the next three years. By year-end, Leapmotor will enter European markets, including Belgium, France, Germany, Italy, Luxemburg, Malta, Netherlands, Portugal, Romania, Spain, Switzerland, and UK. Expansion to the Middle East & Africa (Israel and overseas French territories), Asia Pacific (Australia, New Zealand, Thailand, and Malaysia), and Sou...

News  Updated at: 2024/09/24

tly with T2M, MFTBC will consider a business venture that recycles used batteries from EV truck and EV passenger cars, into compounds that can be directly used as high-quality blended materials in battery cells. MFTBC will first consider commercialization in Japan and investigate the possibility of overseas expansion in the future. T2M’s Total Material Recovery (TMR) process uses nano-level molecular techniques and is different from conventiona...

News  Updated at: 2024/09/10

utomakers' electrified vehicle sales by major country and region for the first half of 2024 (January to June) have been compiled. All three companies reported robust sales thanks to the growing demand for hybrid vehicles (HVs) in Europe and the U.S., against the backdrop of high fuel prices and the expansion of their electric vehicle (EV) lineups. As for Toyota Motor Corporation (Toyota), the proportion of electrified vehicle sales in the first h...

News  Updated at: 2024/09/03

Dongfeng Motors enters Azerbaijan market On July 29, multiple sources reported that Dongfeng Motor held a launch event, marking the official entry of its VOYAH brand and MHERO brand, in Azerbaijan. The new market plays a key role in the company’s strategic overseas expansion. The company unveiled four flagship models at the event, which included the Voyah Free, Voyah Dream, Voyah Passion, and MHERO I. The company plans to collaborate with its d...

News  Updated at: 2024/07/31

JSP announces new mid-term business plan aiming to expand overseas business JSP Corporation (JSP), whose products include automotive foam materials, announced its new mid-term business plan, “Change for Growth 2026”, for the period ending in March 2027 (FY 2026). The company will focus on the expansion of its overseas business, including the establishment of its first Indian plant as part of its profitability improvement plan for its beads bu...

News  Updated at: 2024/05/07

he medium-sized PV5, in 2025, Following this, in 2027, the brand will launch the PV7, a large PBV that offers generous space within its PBV lineup. The brand also plans to produce both EVs and internal combustion engine (ICE) vehicles at 13 factories globally, including seven in South Korea and six overseas. In addition, two EV-dedicated plants (Hwaseong Plant, Gwangmyeong Plant) will be operated in South Korea. 2024 business goal: In 2024, Kia p...

News  Updated at: 2024/04/10

EcoPro BM to merge with EcoPro Global A cathode manufacturer of South Korea’s EcoPro Group, EcoPro BM Co., Ltd., announced a plan to merge with EcoPro Global Co., Ltd., effective May 30, 2024. EcoPro Global was established in September 2021 as a wholly-owned subsidiary of EcoPro BM. It has been leading EcoPro BM’s overseas expansion, for example, by directing the investment and the construction of its new plant in Debrecen, Hungary. EcoPro BM...

News  Updated at: 2024/03/29

first time. The high growth of China’s exports is composed of two parts: Chinese brands and foreign brands. For Chinese brands, the development of electrified vehicles and intelligent applications, as well as the improvement of product quality after verification in the Chinese market, has led to overseas expansion of Chinese brands as they are recognised and accepted by more consumers from different markets. In addition, for foreign brands lik...

News  Updated at: 2024/03/26

United Overseas Bank to support Changan Automobile’s EV expansion plans in Thailand/ASEAN On December 8, 2023, United Overseas Bank (UOB), as a leading regional bank with strong foundations in Thailand and ASEAN, announced its partnership with Changan Automobile, which will support the Chinese carmaker’s EV expansion plans in ASEAN. Under the agreement, UOB’s financial services to be offered to Changan will include (i) Global credit service...

News  Updated at: 2023/12/13

t Consultant Turner & Townsend and General Designer WSP. PowerCo-COO Sebastian Wolf says the site of its future cell gigafactory in St. Thomas is now prepared for groundbreaking and start of construction in 2024, ahead of it projected start of production in 2027. St. Thomas is the company’s first overseas gigafactory for cell manufacturing and will equip the Group brands’ BEVs in the North American region with cutting-edge unified cells, a ne...

News  Updated at: 2023/12/13