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

eate 400 new jobs. The JV plant will have an annual production capacity of 30 GWh, which will support the production of 300,000 EVs annually at full operation. Another battery JV with SK On in US Hyundai Motor has another battery joint venture with SK On, building a 35 GWh battery plant in Bartow County, Georgia, with an investment of USD 5 billion. The new plant is expected to start production in the second half of 2025 and supply batteries to...

Market & Tech Reports  Updated at: 2024/07/25

perational 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 plans to create about 330 jobs. The expansion will 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: 2024/07/04

istics within steel mills. Autonomous driving field testing (Isuzu)   Self-driving dump truck (Hino Motors) Self-driving dump truck (Hino Motors) Hino Motors introduced a demonstration experiment using a self-driving dump truck at the Shin-Maruyama Dam construction site in Kamo County, Gifu Prefecture. In addition to moving within the site, loading and unloading are also automated. Furthermore, these tasks are carried out in ...

Market & Tech Reports  Updated at: 2024/07/01

g Province. The parties will cooperate in areas such as the demonstration operation of methanol vehicles, construction of a new energy commercial vehicle production plant (Zhejiang Geely Farizon New Energy Commercial Vehicle Group Co., Ltd. (Farizon) plans to build a manufacturing center in Taishun County in the Southern Zhejiang and Northern Fujian areas), and introduction of a green methanol production project. On January 28, 2024, Farizon Ne...

Market & Tech Reports  Updated at: 2024/05/07

ing increasing pressure, with some at risk of bankruptcy or production shutdowns. In October 2023, WM Motor Technology Group Co., Ltd. (WM Motor) filed for reorganization-type bankruptcy proceedings with the Shanghai Third Intermediate People's Court. In February 2024, the People's Court of Changle County, Shandong Province, accepted the reorganization-type bankruptcy proceedings of Letin Motor Group Ltd. (Letin). Several media outlets also repor...

Market & Tech Reports  Updated at: 2024/04/24

ived applications for franchise agreements from more than 75 potential dealers, and that it plans to deploy 130 sales offices in North America by the end of 2024.   Groundbreaking ceremony for EV plant in North Carolina   VinFast announced that it broke ground on an EV production plant in Chatham County, North Carolina in July 2023. The initial phase will focus on the production of VF 7, VF 8, and VF 9 models, with an expected annual production...

Market & Tech Reports  Updated at: 2024/04/02

ar to about 785 tons per year. Prime Earth EV Energy, Miyagi Plant Toyota Motor North America Inc. announced that it has signed a virtual power purchase agreement (VPPA) with Savion, LLC, a U.S. renewable energy company. (May 2023)100MW of renewable electricity will be procured through the Martin County Solar Project in Martin County, Kentucky, and a former Martiki mine on the Kentucky/West Virginia border will be converted into a clean solar p...

Market & Tech Reports  Updated at: 2024/03/14

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: 2024/03/14

th the Xuzhou Economic Development Zone in Jiangsu Province for a sodium ion battery manufacturing site project. Yancheng An event to celebrate the first product produced on the production line of the second phase of the drive battery plant project was held on October 6, 2023 in Yancheng, Sheyang County, Jiangsu Province. The total investment for the second phase project is CNY 7.5 billion, with a site area of approximately 530,000 square meter...

Market & Tech Reports  Updated at: 2024/02/01

y to recovery, with company-wide sales in FY2021 increasing 17.4%. [Recent Activities] 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: 2023/11/22