vironmental, climate and electrical/electronic (E/E) performance and durability testing. In August 2023, the Tennessee Department of Economic Development in the U.S. announced that South Korea's Hanon Systems will invest approximately USD 170 million and establish a new manufacturing site in Loudon County, Tennessee. Once operational, the plant will employ 600 people and supply thermal management solutions for electric mobility to automakers in N...

Market & Tech Reports  Updated at: 2025/12/22

from the previous year to CNY 2.47 billion (about USD 340 million), reflecting the impact of intensifying competition in the industry. In terms of production capacity and global expansion, the company produces a total of more than 5 million motors annually at its two sites in Lishui City and Deqing County, with the Deqing site accounting for a larger proportion of production volume, meeting the continuously increasing demand from major motor manu...

Market & Tech Reports  Updated at: 2025/12/11

s by upgrading its technology. [Manufacturing related] The company has manufacturing sites for passenger car transmissions in Wuhu City, Anhui Province and Ningbo City, Zhejiang Province, and manufacturing sites for commercial vehicle transmissions in Jinhua City, Zhejiang Province and Pingyi County, Shandong Province. Hyundai Transys Inc.  Click here to see recent developments. [Business overview and background] On January 2, 2019, th...

Market & Tech Reports  Updated at: 2025/12/08

e HEVs, although it was originally intended to produce BEVs only.   Until now, cell production has mainly been outsourced, with local sourcing from LG's plants in Korea, Europe, the USA, and India (in the future), but operations began in Indonesia (jointly with LG) in 2024, and in the USA in Bryan County, Georgia, (jointly with SK) in 2025. In Bartow County, Georgia (jointly with LG), production is scheduled to begin at the end of 2025.   On th...

Market & Tech Reports  Updated at: 2025/12/01

llion to focus on intelligent driving and electric drive system (batteries, motors, and electrical controls) technologies, and established Anhui Luxeed New Energy Vehicle Co., Ltd. to integrate production, sales, and service operations. In early August, the company signed an agreement with Dangshan County, Suzhou City, Anhui Province to build a lithium battery plant. The planned annual production capacity is 20GWh.   Chery Automobile Co., Ltd. w...

Market & Tech Reports  Updated at: 2025/11/11

ed by AV -Expert using ChatGPT)   VSI will introduce the circumstances of the fatal accident that resulted in a guilty verdict from a 2019 investigation report. George McGee, driving a Model S, was en route from Miami to his home in Key Largo when he failed to stop at a T-junction where he met County Road 905, which runs through Key Largo. He crashed into an SUV parked on the shoulder of 905 at 60 mph (97 km/h), throwing a 22-year-old girl s...

Market & Tech Reports  Updated at: 2025/10/01

ota Motor (TFTM)) Seats, roofs, carpets, door trims, trunk trims, etc. China Toyota Boshoku (Tianjin) Automotive Parts Co., Ltd. Tianjin ● 100 FAW Toyota Motor Co., Ltd. (formerly Tianjin FAW Toyota Motor (TFTM)) Stamped parts for seats Taiwan Shin San Shing Co., Ltd. Hukou Township, Hsinchu County ● 47 GSK Investment Development 29.5, GSK 17.5, Feng Yu Investment and others 6 Kuozui Motor, Hotai Motor Seats, interior components India ...

Market & Tech Reports  Updated at: 2025/09/27

ght. Two-prong approach Mature developed markets (56% share of NEV exports) and emerging markets (gasoline-powered vehicles are the main exports) complement each other. Key markets Taking the GCC countries as an example, Great Wall Motor will focus on the Saudi Arabian market as its base. The county’s share within the region is over 57%, promoting the development of neighboring countries such as the UAE, Oman, and Kuwait. Belt and Road ...

Market & Tech Reports  Updated at: 2025/08/12

nal manufacturing automotive seat trim covers. In January 2020, the company announced a USD 23.5 million investment for the expansion of its Lexington, Tennessee plant in the U.S. The company planned it would create about 330 jobs. The expansion was be the second significant investment in Henderson County in the last two years. In May 2019, the company closed the Futuris Automotive-owned resin manufacturing plant in Charlotte, Michigan, U.S. In J...

Market & Tech Reports  Updated at: 2025/08/06

iasm at the beginning of the year, end-April inventory reached 3.5 million units, with 57 inventory days. Therefore, June production and sales volumes will maintain rapid but slowing growth. Furthermore, the recently issued national policies for the rural spread of NEVs are of great significance to county- and township-level markets. Supporting middle-aged and elderly migrant workers in purchasing NEVs with subsidies from automakers and local gov...

Market & Tech Reports  Updated at: 2025/06/10

istry of Finance, the Ministry of Industry and Information Technology, and the Ministry of Transportation. The Notice encourage two or more counties to jointly apply for pilot projects. The application criterion is that the number of automobiles owned in the provincial-level city in which the model county is located did not fall below 250,000 units in 2024. There are plans to support 75 model counties by 2025. The Notice encourages the applicatio...

Market & Tech Reports  Updated at: 2025/04/24

Mando Corporation Poland Sp. z o.o., an HL Mando subsidiary in Poland, started production of brake calipers for Volkswagen. Mando's products are used in Volkswagen's Polo, Golf, and other models. Americas: USA: In September 2011, the company announced that it will build a new plant in Meriwether County, Georgia, in the U.S. Mando will start producing electronic control products such as ABS, ESC, and EPS in 2013. The company planned to increase...

Market & Tech Reports  Updated at: 2025/03/21

rivacy protection for data will be implemented to ensure data security. (Source: Prepared by MarkLines based on presentation content)   Development and prospects   (1) Charging infrastructure is expanding in the lower end of the market (Markets in cities below the third-tier (regional cities), county towns, and rural areas)   (2) The spread and application of high power and automatic charging technology is accelerating   (3) Charging facil...

Market & Tech Reports  Updated at: 2025/01/14

orking to shorten product R&D cycles and improve customer satisfaction by strengthening automation and intelligent management of production lines for New energy Vehicle drive motors. In 2024, Founder Motor is expanding production at its two manufacturing sites in Lishui City and Huzhou City, Deqing County, Zhejiang Province. Annual production capacities are projected to be 1.8 million and 3 million units, respectively. With this production capaci...

Market & Tech Reports  Updated at: 2024/11/28

f CVTs by upgrading its technology. Manufacturing related: The company has manufacturing sites for passenger car transmissions in Wuhu City, Anhui Province and Ningbo City, Zhejiang Province, and manufacturing sites for commercial vehicle transmissions in Jinhua City, Zhejiang Province and Pingyi County, Shandong Province.   Hyundai Transys Inc. ▶ Recent developments Business overview and background: On January 2, 2019, the company formed ...

Market & Tech Reports  Updated at: 2024/11/21

vironmental, climate and electrical/electronic (E/E) performance and durability testing. In August 2023, the Tennessee Department of Economic Development in the U.S. announced that South Korea's Hanon Systems will invest approximately USD 170 million and establish a new manufacturing site in Loudon County, Tennessee. Once operational, the plant will employ 600 people and supply thermal management solutions for electric mobility to automakers in N...

Market & Tech Reports  Updated at: 2024/11/07

n counties and townships to carry out promotion activities for the construction and application of charging infrastructure It was promulgated by the Comprehensive Department of the National Energy Administration on July 16, 2024. The National Energy Administration has decided to select 33 counties (county-level cities, counties, and autonomous counties) including Daming County in Handan City, Hebei Province, and 74 townships (towns) including Dab...

Market & Tech Reports  Updated at: 2024/11/05

400 billion Hyundai Finished product LG / CATL / SK Many countries - - Local sourcing in each production area, mainly LG Samsung Göd Plant, Hungary 2026 - JV Production LG (HLI Green Power) Karawang Plant, Indonesia 2024 10GWh NMCA, USD 1.2 billion investment split 50/50 with LG LG Bryan County, Georgia, U.S. 2025 30GWh Investment of KRW 5.7 trillion, 50-50 investment with LG SK (Hyundai-SK America Green Power Energy ) Bartow Plant, ...

Market & Tech Reports  Updated at: 2024/10/18

20.0 Toyota (TMMIN), Suzuki (ISI), Daihatsu (ADM) Safety system products (Steering wheel, Driver airbag) Indonesia PT Toyoda Gosei Indonesia West Java ● 80 PT Astra Otoparts 20.0 Toyota, Daihatsu Safety system products, Functional components Taiwan Fong Yue Co., Ltd. Hwukoou, Hsinchu Hsinchu County 〇 75 Tai Yue Rubber Industrial 12.0, Tong Yang Industry Co., Ltd.10, Toyota Tsusho Taiwan 3.0 Toyota, Hino (Kuozui Motors), Mitsubishi Motors...

Market & Tech Reports  Updated at: 2024/09/12

in FAW Toyota Motor (TFTM)) Seats, roofs, carpets, door trims, trunk trims, etc. China Toyota Boshoku (Tianjin) Automotive Parts Co., Ltd. Tianjin ● 100 FAW Toyota Motor (formerly Tianjin FAW Toyota Motor (TFTM)) Stamped parts for seats Taiwan Shin San Shing Co., Ltd. Hukou Township, Hsinchu County ● 47 GSK Investment Development 29.5, GSK 17.5, Feng Yu Investment and others 6 Kuozui Motor, Hotai Motor Seats, interior components India ...

Market & Tech Reports  Updated at: 2024/08/01