r systems, hybrid transmission components, and new emerging innovations primarily catering to the Indian market. The plant is expected to reach full ramp-up by Q4 CY2025. It is built on a land plot of 108,000 square meters. The plant will also serve as a key contributor to the company’s expansion strategy for new products and advanced technologies. Schaeffler India has invested INT 17 billion over the last three years (from 2022 to 2024) to exp...

News  Updated at: 2025/05/28

rstanding (MoU) in Chongqing, China. The agreement aims to leverage CAERI’s technical expertise to implement new technologies and establish standardized testing systems, creating an advanced testing platform for Southeast Asia. TAI noted the partnership aligns with Thailand’s new energy vehicle strategy and supports Chinese automakers expanding globally. C.C.I.C. emphasized its role in strengthening local support for Chinese companies in Thai...

News  Updated at: 2025/05/28

GAC officially launches and presents new models in Brazil On May 23, GAC held the Brazil Brand Launch and New Models Unveiling Event at the Anhembi District in São Paulo, unveiling its "Brazil Action Plan" – the first substantive implementation of "One GAC 2.0" global strategy in Latin America. The "Brazil Action Plan" focuses on four long-term directions: full industry chain deployment, energy ecosystems, talent development, and cultural inte...

News  Updated at: 2025/05/28

GMC offers more equipment, new trims for 2026 Terrain crossover On May 25, GMC announced that production of the AT4 and Denali trims has begun for the 2026 Terrain, built at General Motors’ San Luis Potosi assembly plant in Mexico. A GM spokesperson said there has been no change to strategy or pricing in response to the Trump administration’s import tariffs on vehicles and parts. For 2026, GMC has added more standard content to the third-gene...

News  Updated at: 2025/05/28

transparency, and value crystallization. The company aims to retain majority interests in the business areas once they are ready for the capital market, with the exception for the planned 50/50 joint venture between thyssenkrupp Steel Europe and EPG. These moves are support its previously announced strategy of providing each business with the best possible conditions for profitable growth and sustainable competitiveness. (From a press release dat...

News  Updated at: 2025/05/27

Danantara’s role highlighted in boosting Indonesia’s EV battery project with CATL Announced on May 22, 2025, during a limited meeting chaired by the Indonesian President, significant progress was reported on Indonesia’s cooperation with Chinese battery giant CATL, a key part of the country’s strategy to develop a comprehensive EV battery ecosystem. Danantara, as a sovereign wealth fund, was highlighted for its financial support in overcom...

News  Updated at: 2025/05/27

ic 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 collaboration forms part of the Ministry of Industry’s broader strategy to localize key industrial activities and promote local integration within the country’s vehicle manufacturing sector. The newly establishe...

News  Updated at: 2025/05/26

Geely Auto unveils Galaxy M9 SUV and “Five by Five” global strategy in Milan, Italy On May 22, Geely Auto unveiled the Geely Galaxy/Yinhe M9, a six-seater flagship SUV featuring advanced super-hybrid technology, at an event in Milan, Italy. The new Yinhe M9 SUV is powered by the AI Cloud 2.0-driven EM-P Super Hybrid system. It can accelerate from 0 to 100 kmph in just 4.5 seconds. It features Geely’s next-generation AI Smart Cockpit, AI Dig...

News  Updated at: 2025/05/26

QCM6125 chip-based AL-C3 intelligent cockpit solution, the SemiDrive X9HP chip-based AL-N1 intelligent cockpit solution, and high-bandwidth automotive optical communication modules. The newly established subsidiary will function as a key fulcrum for the implementation of Autolink’s globalization strategy to deepen its deployment in Japan, in such areas as technology services, customer development, supply chain coordination, and local collabora...

News  Updated at: 2025/05/26

recycling process. The selected location will serve as a hub for future investments in low-critical mineral advanced battery manufacturing and next-gen technology development to bolster the U.S. battery supply chain and national defense. Clarios' overall USD 6 billion American energy manufacturing strategy places a strong emphasis on critical minerals processing and recovery, with up to USD 1.9 billion allocated to advancing this effort.  (Clar...

News  Updated at: 2025/05/24

Faraday Future to start operations at facility in Ras Al Khaimah, UAE in second half of 2025 On May 22, Faraday Future Intelligent Electric Inc. announced that it held a formal handover ceremony for its first regional facility in Ras Al Khaimah, 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 ...

News  Updated at: 2025/05/23

ant to pay a premium, but desire the utility of a pickup, but declines to give details on how far along the plans are or when a tiny truck could be launched. “We could really do well in that segment, so we’re trying to do it,” Cooper Ericksen, a senior vice president in charge of planning and strategy at Toyota Motor North America, said in a separate interview. “It’s a matter of timing.” (Detroit News article on May 21, 2025)...

News  Updated at: 2025/05/23

Stellantis invests USD 388 million in Detroit-area parts distribution Megahub On May 21, Stellantis announced a USD 388 million investment to develop a state-of-the-art Metro Detroit Megahub in Van Buren Township, Michigan, further advancing the efficiency and sustainability of its Mopar service parts distribution network. As part of its broader consolidation strategy, Stellantis recently sold its Michigan parts distribution centers (PDC) in Cent...

News  Updated at: 2025/05/22

Porsche announces strategic realignment 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 its battery strategy and...

News  Updated at: 2025/05/21

ng automotive technologies. Additionally, potential joint investments in tooling or facilities may be explored.Each MOU is valid for 24 months and may lead to more definitive agreements. These collaborations will enable MCE, through MCEIB, to play a strategic role in Chery Malaysia’s localization strategy while supporting MCE Group’s business growth, market expansion, and positioning within the automotive parts industry. (From Bursa Malaysia ...

News  Updated at: 2025/05/21

a slow and controlled fashion to prioritize safety. As confidence builds and the accuracy of the fleet is ensured, more vehicles will be added to the fleet, with Musk suggesting there will be 1,000 Robotaxis on the road “in a few months.” Tesla will launch the Robotaxi program with a geofenced strategy that gives the company the ability to control where it goes. Musk says that the areas the Robotaxis will be able to travel to are among the s...

News  Updated at: 2025/05/21

ing its commitment to India following recent speculative reports regarding its operations. It stated that it remains fully committed to its operations, dealers, partners, and customers in India. The sales and service will continue for both existing and upcoming models, with no change in its product strategy, which includes the launch of one all-new B-segment MPV and two C-segment SUVs. Nissan also confirmed that its vehicle export plans remain on...

News  Updated at: 2025/05/20

Honda 2025 Motorcycle Business Update: settting goal of 50% global motorcycle share with ICE and electric models On May 20, Honda Motor Co., Ltd. held its "2025 Honda Business Briefing" and presented its motorcycle strategy. For the FY ended March 31, 2025, motorcycle sales reached 20.6 million units, which accounted for nearly 40% of the global motorcycle market, setting a record in 37 countries and territories. Honda projects industry-wide moto...

News  Updated at: 2025/05/20

Honda 2025 Business update: realigning automobile electrification strategy On May 20, Honda held a press briefing on realigning its automobile electrification strategy. As for EVs, due to the revision of the product launch plan considering the recent market slowdown, the Honda global EV sales ratio in 2030 is now expected to fall below the previously announced target of 30%. Honda will position its HEVs, as the powertrain that will play a key rol...

News  Updated at: 2025/05/20

GM’s future in South Korea clouded by Trump’s tariffs GM’s strategy of producing affordable SUVs like the Chevrolet Trax or Trailblazer, as well as the Buick Encore GX and Envista, in its three South Korea plants almost exclusively for the U.S. market leaves it uniquely exposed to President Trump’s 25% auto import tariffs. Until April’s tariffs, cars sold between the U.S. and South Korea were untaxed under a bilateral free trade agreeme...

News  Updated at: 2025/05/20