GM starts new Tracker production in Argentina On July 14, General Motors South America announced the start of production of the new Chevrolet Tracker subcompact SUV at its Alvear Industrial Complex in Santa Fe, Argentina. While the SUV will primarily target export markets, it will also supply the local market. The updated model features a redesigned front end with a modern aesthetic and improved interior, including more comfortable seats and a d...

News  Updated at: 2025/07/16

2025-26 (ending September), as part of its broader global expansion strategy. The company is preparing for a phased entry, with a product portfolio aligned to the increasing demand for both internal combustion engine (ICE) and electric vehicle (EV) models. Hero MotoCorp’s expansion will initially target Germany, France, Spain, and the United Kingdom. The company also highlighted its joint venture with Marelli Europe S.p.A., Italy—HMC MM Auto ...

News  Updated at: 2025/07/15

ent, to secure the company’s long-term competitiveness. The new agreement, which runs until September 30, 2030, builds on the industrial concept presented in November 2024 and the agreement in principle concluded with IG Metall in May 2025. Key measures include reducing production capacities to a target shipping level of 8.7 to 9 million metric tons, shutting down blast furnace 9, closing hot strip mill 3 in Bochum by early 2026, and ending ele...

News  Updated at: 2025/07/14

he rollout of EV infrastructure in Malaysia. The new entity, Meta Bright Chargesini Sdn Bhd, will develop and operate EV charging stations at malls, hotels, residential, and commercial sites. Meta Bright holds a 51% stake, and ChargeHere 49%. This collaboration supports the Malaysian government’s target of rolling out 10,000 EV charging stations by 2025 under the National Energy Transition Roadmap.  Initial installations are planned in Johor, ...

News  Updated at: 2025/07/14

, and performance-based pay. By 2030, Daimler Truck aims to increase profitability, improve resilience, and increase free cash flow in its industrial business by 50%, ensuring continued strong returns to shareholders. The company’s 2030 financial goals include an adjusted ROS of over 12%, with a target range of 9% to 13%. It also expects organic revenue growth of 3% to 5% per year until 2030. Its growth strategy includes four priorities: doubl...

News  Updated at: 2025/07/09

e and YTD sales were 26,310 units and 154,137 units, up 8% y/y and 22% y/y, respectively. Geely Auto’s June and YTD export volumes were 40,011 units and 184,114 units, up 12% y/y and down 8% y/y, respectively. Based on the robust YTD sales performance, Geely Auto decided to raise its annual sales target by around 11% from 2,710,000 units to 3,000,000 units. From a Geely Auto HKEX announcement...

News  Updated at: 2025/07/04

100V to 400V will reduce charging time (10% to 70%) to around 30 minutes and improve overall performance. The upgrade applies to all registered orders and reflects VinFast’s commitment to customer feedback and product development. Deliveries will be delayed by approximately 4 months, with the new target set for December 2025. Customers who prefer not to wait may transfer their deposit to another model or request a full refund with bank interest...

News  Updated at: 2025/07/03

lied. With a land area of around 1.133 million square meters and a total investment amount of over CNY 14 billion, the site is expected to be completed in August 2026 and commissioned in 2027. The initial annual production capacity is estimated at 100,000 units. Not only will products from the site target the Chinese market, but they will also be exported to other markets such as Japan. From SHEITC and Shanghai Municipal People’s Government pre...

News  Updated at: 2025/07/01

precursors for cathode active materials (pCAM) using Nickel-Manganese-Cobalt (NMC) technology. The site has an area of more than 238 hectares. It will create 1,800 highly skilled direct jobs. COBCO has invested USD 2 billion in this plant. COBCO will focus on two key products: NMC precursors with a target of 120,000 tonnes/year and LFP cathodes with a target of 60,000 tonnes/year. COBCO can refine critical metals (nickel, cobalt, manganese) and r...

News  Updated at: 2025/06/26

lued at EUR 3.225 million, and the transaction is subject to antitrust approval in Turkey, with expected completion by Q2 FY 2025–26 (September 30, 2025). Post-approval, the share acquisition rights may be assigned to Motherson SAS Turkey Otomotiv Servis Ticaret Limited Sirketi (MSAS Turkey). The target companies are engaged in the manufacture of injection moulded parts, sub-assemblies for mirrors, trim modules, and lighting systems, with verti...

News  Updated at: 2025/06/23

EU sets new end-of-life vehicle rules with mandatory recycled plastic targets and expanded scope On June 17, the European Council adopted its stance on new end-of-life vehicle (ELV) rules aimed at improving vehicle reuse, recycling, and recovery. The regulation sets a mandatory target for recycled plastics and may add future targets for recycled steel, aluminium, and critical raw materials. The updated rules expand the scope to include more vehic...

News  Updated at: 2025/06/18

Innoviz, Israel to supply advanced LiDAR units for L3 global-production vehicle platform On June 17, Innoviz Technologies Ltd. signed a Statement of Development Work (SoDW) agreement with a Top 5 passenger automotive manufacturer. Through this SoDW, Innoviz will supply advanced LiDAR units for the OEM's L3 highly automated series production program, with a target SOP of 2027. It will support the lead-up to a data collection campaign and future se...

News  Updated at: 2025/06/18

uality amenities, supporting Malaysia's net-zero 2050 goals and Low Carbon Mobility Blueprint 2030. The project sets a new benchmark for rest stops, integrating lifestyle and mobility services, and complements the government’s goal of 10,000 EV charging points. PLUS has already surpassed its 2025 target with 112 DC fast chargers installed along its highways. (From Yinson press release dated June 11, 2025)...

News  Updated at: 2025/06/18

, T2 conducted the test run in early June to verify the scalability of the autonomous driving solution, which the company had been testing in limited areas and environments so far. Despite the poor visibility at night and dawn, the company claims that the vehicle successfully ran through 99% of the target course autonomously. (From an article in the Nikkan Jidosha Shimbun on June 17, 2025)...

News  Updated at: 2025/06/17

SUV launched on June 10 is expected to be a key volume seller. On June 9, Honda announced that its May sales volume was 55,108 units, down 16.8% y/y. YTD sales volume totaled 256,684 units, down 26.0% y/y. In response to the decline in sales, Honda actively took measures such as adjusting the sales target for battery electric vehicles, upgrading hybrid powertrain technology to an important driving force for transition, and accelerating the implem...

News  Updated at: 2025/06/12

program aims to stimulate the purchase of over 6,250 new pickup trucks, which could help revitalize domestic sales. Notably, the policy focuses solely on Pickups— a segment that accounted for 47% of the country’s LV sales in 2022 but 29% in 2024—with all models produced locally. However, this target represents only a small fraction of Thailand’s annual vehicle sales, which totaled 566k units in 2024 and nearly 1 mn units in 2019, prior to...

News  Updated at: 2025/06/12

Tata Motors target five-time growth in charging infrastructure On June 9, Tata Motors, in an investor update, announced that it aims to expand India’s public EV charging infrastructure fivefold by the end of FY30 (March 31, 2030). By FY25, the number of public charging points in India reached approximately 22,000 units. Currently, Tata Motors has installed 160,000 home charging points, and by FY30, the company plans to scale this up to 1 millio...

News  Updated at: 2025/06/10

Mitsubishi XFORCE HEV registers strong demand, exceeds booking target in Thailand On June 9, 2025, Mitsubishi Motors Thailand announced that the all-new XFORCE HEV has received an outstanding response from customers nationwide following its local media launch on March 20. Bookings exceeded 4,000 units ahead of the model’s full official launch in June, surpassing the company’s initial target of 3,000 units. Delivery of the first batch of XFORC...

News  Updated at: 2025/06/10

VinFast launches supplier incentives in Vietnam, targeting 500,000 vehicle production by 2027 Announced on June 9, 2025, VinFast has unveiled a strategic incentive program, alongside a commitment to procure products from Vietnamese supporting enterprises within its automotive production supply chain.  During a conference attended by over 1,000 industrial and supporting enterprises, including 700 existing partners and 300 prospective collaborator...

News  Updated at: 2025/06/10

better incentives and support to help consumers shift quickly to clean vehicles. EV demand below expectations: EV sales haven't met expectations. The EU should review its carbon dioxide rules for all vehicle types earlier—by 2025—and check progress regularly. More flexibility in carbon dioxide targets: Tougher 2030 and 2035 goals should include a two-year grace period. Also, penalties for trucks should be reduced to match those for smaller v...

News  Updated at: 2025/06/09