tem meeting Europe’s market requirements. Currently, Geely Farizon has presence in over 28 European countries. Its entry into the Swiss market is a key step to thoroughly develop and strengthen business deployment in the European market, laying a solid foundation for achieving a 2030 global sales target of 1 million vehicles. From a Geely Farizon press release...

News  Updated at: 2026/05/22

ion (JAMA) held a press conference in Tokyo on May 21, and announced its plan to strengthen collaboration for energy security centered on domestic logistics and efficiency improvements through joint transportation. For energy security, JAMA has set specific goals, such as a hydrogen truck ownership target, and for joint logistics, automakers will collaborate to establish an efficient logistics system for finished vehicles. Amidst intensifying int...

News  Updated at: 2026/05/22

ounced the joint development of a technology that allows users to experience autonomous driving and driver assistance algorithms (calculation procedures) up to the limits of driving on a driving simulator (DS). SOLIZE Ureka Technology has been promoting the development of algorithms for calculating target routes and vehicle speed, and the development of control algorithms for steering, acceleration, and braking, on autonomous driving simulators. ...

News  Updated at: 2026/05/22

lligence and battery technology, Stellantis is advancing partnerships with Applied Intuition, Qualcomm, Wayve, NVIDIA, Uber, Mistral AI and CATL, among others PLANT UTILIZATION: The company’s plant capacity utilization will be increased through FaSTLAne 2030, with new products, as well as through targeted local actions.     •  In Europe, capacity is expected to be reduced by more than 800,000 units, repurposing plants (such as in Poissy, ...

News  Updated at: 2026/05/22

Stellantis reveals new STLA One global modular vehicle architecture On May 21, Stellantis introduced STLA One, a modular vehicle architecture designed to support multiple powertrains with common interfaces to reduce complexity, speed development and target 20% cost efficiencies.  Covering the B, C and D segments, STLA One is engineered to optimize efficiency for each propulsion type and compete on cost with best-in-class competitors in Europe. I...

News  Updated at: 2026/05/22

he company sees humanoid and bionic robots as its lead products to generate profit, noting it has secured USD 70 million in financing over the past two months to fully support Phase 1 of its EAI robotics strategy through 2026. Faraday Future has increased its 2026 humanoid and bionic robot shipment target from 1,000 to 1,500 units, with education, security, and research identified as key early markets. Once the company secures strategic or long-t...

News  Updated at: 2026/05/21

a Memorandum of Understanding to explore the integration of AEye’s Apollo long-range lidar sensor with MoveAWheeL’s tactile intelligence technology for next-gen auto safety and autonomous driving applications. Under the MOU, the companies plan to define technical evaluation activities, identify target automotive customer engagements, and explore go-to-market opportunities in select geographies. The companies will evaluate how Apollo’s long-...

News  Updated at: 2026/05/21

Moriroku revises upward medium-term plan targets for FY2027 Moriroku Co., Ltd. (Moriroku) announced that it has revised the targets for its medium-term management plan, which concludes in fiscal year 2027 (ending March 31, 2028), and has raised its operating profit target to JPY 7 billion. The previous target was JPY 5.5 billion or more. This revision reflects the effects of acquiring the manufacturing business for automotive exterior resin parts...

News  Updated at: 2026/05/20

Archion, Hino–Mitsubishi Fuso JV, targets over 50% domestic share; Challenges Isuzu group’s stronghold Archion Corporation (Archion), a joint venture between Hino Motors Limited (Hino Motors) and Mitsubishi Fuso Truck and Bus Corporation (Mitsubishi Fuso Truck and Bus), aims to achieve a market share of over 50% in the domestic Japanese market in and after fiscal 2029. It anticipates that the impact of consolidating development, purchasing, a...

News  Updated at: 2026/05/19

w vehicle market and the soundness of its business. Nissan Shatai Kyushu Co., Ltd. (Kanda-machi, Fukuoka Prefecture) will manufacture the model. Nissan also plans to export the new model, with a view to launch it in regions such as Southeast Asia after the release in Japan. The price and unit sales target will be announced at a later date. Price competitiveness against rival vehicles will also be closely watched. (From an article in the Nikkan Ji...

News  Updated at: 2026/05/19

wheelbase of 2,995mm. The PV5 Cargo model equipped with a long-range battery can travel 528km (WLTC) on a single charge. These models are produced at the Hwaseong Plant in South Korea, unloaded at Mikawa Port in Aichi Prefecture, and then undergo pre-shipment inspections by Kia PBV Japan. The sales target for the PV5 in Japan for the 2026 fiscal year is 1,000 units. ・ In launching PV5 in Japan, Kia PBV Japan presented its strengths as the "SMAR...

News  Updated at: 2026/05/15

Fine Sinter announces five-year mid-term business plan aiming to improve profitability On May 14, Fine Sinter Co., Ltd. (Fine Sinter), a Toyota Group medium size parts supplier, announced its new five-year mid-term business plan for the period ending in March 2032 (FY2031). For FY2031, the company aims to achieve sales of JPY 45 billion, and operating profit of JPY 2.25 billion. While this sales target is 2.6% lower than its FY2025 figure, the op...

News  Updated at: 2026/05/15

arch 31, 2027, the company expects an operating profit of JPY 500 billion and profit for the fiscal year attributable to owners of the parent of JPY 260 billion, based on the assumption of an exchange rate of JPY 145 to the dollar. Despite the situation in the Middle East and higher material costs, target adjusted operating profit in line with the previous year via motorcycles’ volume gains and improved efficiency through fixed-cost cuts, among...

News  Updated at: 2026/05/14

Malaysia sets 2030 target for Level 3 autonomous driving development Reported on May 11, 2026, Malaysia sets a goal of reaching Level 3 autonomous driving capability by 2030, with industry players urged to begin preparations immediately or risk falling behind global developments. The Malaysia Automotive, Robotics and IoT Institute (MARii) is expected to lay the groundwork for the initiative, as the country remains at an early stage and has yet to...

News  Updated at: 2026/05/14

Nissan eyes first annual profit in three years amid tough business climate; sales growth and culture reform to test turnaround strength Nissan Motor Co., Ltd. (Nissan) aims to achieve a net profit for the first time in three years in the fiscal year ending March 2027. Under its two-year management turnaround plan, Re:Nissan, it is advancing the path toward a JPY 500-billion cost-reduction target. However, the business environment faces increasing...

News  Updated at: 2026/05/14

its plan to dramatically increase its production capacity for bearings. Centering on Cambodia, which it positions as a strategic production hub, the company is considering locations for new plants. Demand is growing for applications such as AI data centers and automobiles, prompting the company to target roughly a 10% increase in capacity, with the possibility of further expansion. MinebeaMitsumi plans to increase its monthly bearing production ...

News  Updated at: 2026/05/14

ijnenn Digital (shortening product design and development cycles), GenbaNEXT (material traceability for circularity), Swayatt Drishtigochar (predictive maintenance and safe operation of industrial equipment), and Swiftex (sales assistance platform for dealer executives). The solutions collectively target plant safety, reduced product development lead time, material traceability, and improved customer engagement at dealerships. Since launching it...

News  Updated at: 2026/05/13

rkets shows how broad the shift has become. However, the transition is also delivering another result at the same time: the OEMs best positioned to meet this new demand are not the ones the framework was designed to protect. Under the EU’s fleet emissions system, manufacturers that miss their CO2 target must either pay fines or pool with over-compliant peers to effectively borrow their surplus compliance. BYD Auto is now the most over-compliant...

News  Updated at: 2026/05/13

tors Nigeria’s indigenous vehicle brand designed for the Nigerian market. The Lagos facility will serve as the primary production and assembly hub with an annual capacity of 50,000 units. The Abuja facility will function as a secondary manufacturing and technology centre with an annual production target of 20,000 units. The plants will cater to domestic as well as neighbouring West African countries. Based on multiple sources...

News  Updated at: 2026/05/12

CAMPI sees 2026 Philippine auto sales missing 500,000-unit target amid fuel price pressures Reported on May 7, 2026, Philippine vehicle sales are now expected to remain below the 500,000-unit target in 2026 as elevated fuel costs tied to Middle East tensions continue to pressure consumer demand. The Chamber of Automotive Manufacturers of the Philippines Inc. (CAMPI) signaled that industry sales could post a double-digit contraction after falling ...

News  Updated at: 2026/05/12