ranging from KRW 18.5 million to KRW 24.5 million as they are entitled to a subsidy of KRW 15 million from the Ministry of Environment of South Korean Government and an additional subsidy of up to KRW 9 million from the municipal government. Exclusively in 2014, electric vehicles are exempted from acquisition tax (up to KRW 1.4 million) and public bond purchase obligation (up to KRW 2 million for the purchase of urban rail bond and up to KRW 1.5...

OEM Plants  Updated at: 2025/05/22

er Ultra Low Emission Vehicle) standards of California in the U.S. Hyundai has set an annual sales target for 2009 at 7,500, and will double its sales to 15,000 for 2010. Sales prices in Korea range from 20.545 million won to 23.2 million won, but when the vehicle is purchased, its registration and acquisition taxes will exempted because the vehicle is eligible for "eco-car tax deduction scheme." While Hyundai weighs the possibility of its export...

OEM Plants  Updated at: 2025/05/22

a unveiled specifications of a new model "Morning (Picanto). After introducing the model at the Barcelona Motor Show in June, Kia will put onto the European market from December. Starting January 2008, this new model will be classified in Korea as a minivehicle, which is eligible for exemption from acquisition tax and registration fee, highway toll discount and other benefits. The export model is equipped with a 1,100cc gasoline (65HP) or a 1,00o...

OEM Plants  Updated at: 2025/05/19

nchi Automobile has broke ground for a new mini vehicle plant in Mengcheng Economic Development Zone, investing 1.36 billion yuan. The plant will have an annual production capacity of 150,000 units at the end of 2015. Jianghuai Automobile approved at its Board of Directors Meeting on October 12 its acquisition of stocks in "Yangzhou Jianghuain Light Vehicle Co., Ltd.," the company announced. Jianghuai Automobile will purchase a 40 percent equity ...

OEM Plants  Updated at: 2025/05/19

ug-in hybrid SUV Landian officially launches new Landian E5 midsize plug-in hybrid SUV Seres establishes Landian Auto in Chongqing Sokon to acquire 50% DFSK share held by Dongfeng Moto eGT New Energy Auto plans to use DFSK Motor's old plant to manufacture new energy vehicles CSRC approves Sokon’s acquisition of 50% DFSK shares DFSK starts operation of its plant in Airport Industrial Park of Shiyan, Hubei Province DFSK Motor unveils Glory 58...

OEM Plants  Updated at: 2025/05/19

only with a 1.0L 16V engine producing the output of 74 hp. The suggested retail price is BRL 30,990. Nissan opened the Resende plant in April 2014 and started production of the March there. But the company had continued to import the Active version from the Aguascalientes plant in Mexico. With the acquisition of new tooling for the Resende plant, Nissan Brazil has started production of the Active version and stopped importing from Mexico. On May...

OEM Plants  Updated at: 2025/05/19

launches the bZ4X mid-sized crossover battery electric SUV FAW Toyota commences presale of new Granvia mid-to-large-sized MPV FAW Toyota’s new NEV plant in Tianjin completed and put into operation FAW Toyota officially launches new Granvia mid-to-large-sized MPV FAW Toyota denies BYD’s imminent acquisition of its Teda Plant No. 2 in Tianjin On April 28, according to Toyota China, Toyota launched the bZ4X, a mid-sized crossover all-electric SU...

OEM Plants  Updated at: 2025/05/19

it, with an initial investment of CNY 10 billion. After the announcement, Xiaomi Corporation is actively promoting the automotive product definition and team building. It has established an automotive team consisting of 300 people so far. In addition, on August 25, Xiaomi Corporation announced the acquisition of Deepmotion Tech Limited, an autonomous driving technology company, with a total transaction value of approximately USD 77.37 million (C...

OEM Plants  Updated at: 2025/05/15

tion electric drive technology in UK. YASA’s proprietary axial-flux electric motors offer enhanced performance over radial electric motor technologies. YASA’s e-motors deliver the greatest efficiencies and highest power densities in class for the smallest possible size and weight. Following the acquisition, YASA and its 250 employees will continue to operate from its headquarters and production facility in Oxford, UK. YASA will provide electr...

OEM Plants  Updated at: 2025/05/14

phase out production of outgoing Silverado, Sierra models throughout 2019 GM confirms final production dates for Lordstown, Detroit-Hamtramck, Oshawa, Warren Transmission, Baltimore Operations GM Canada workers hold 2-day sit-down protest over closure of Oshawa plant Magna considers GM Oshawa plant acquisition for contract manufacturing GM restates commitment to Canadian operations in wake of pending Oshawa plant closure GM Canada headquarters b...

OEM Plants  Updated at: 2025/05/13

omponents will be added in the business line. SAIC and Iveco will also establish a joint research and development center to make products tailored to the local market. It was reported that SAIC is in talks about producing the BMW 7 series in China. SAIC and BMW have been in talks in the past on the acquisition of the Rover brand from 2005 to 2006, but it did not result in the business alliance as Ford purchased the Rover brand. The two again nego...

OEM Plants  Updated at: 2025/05/13

with Mercedes and Total. The cessation of current production will begin in 2024, with a temporary peak in excess in 2025 equal to 1,000 employees from 2026, however, there will be the departure of the gigafactroy, which will arrive at full capacity in 2030 with 2,000 employees. In January 2023, the acquisition of the areas by ACC will take place; in October work will begin in the areas free from current production with module 1 and the constructi...

OEM Plants  Updated at: 2025/05/13

ansing battery cell plant to JV partner LG Energy Solution GM’s Ultium Cells battery plants running far from full capacity Toyota supports LGES battery plant in Lansing, Michigan with USD 1.5 billion order LG Energy Solution battery plant on track in Lansing, Michigan LG Energy Solution completes acquisition of Ultium Cells' Michigan Plant On September 27, officials in St. Joseph County, Indiana, granted partners General Motors and LG Energy So...

OEM Plants  Updated at: 2025/05/12

e additional USD 180 million is planned in 2015 in the country for renewal of trucks and improvements and expansion at the plant in Curitiba. Roger Alm, group president for Latin America, said during a press conference that the new contribution will be applied in 2014 for "research and development, acquisition of new tooling in manufacturing processes and the nationalization of new products."  On the same day, Volvo reported record sales of truc...

OEM Plants  Updated at: 2025/05/09

garding the investment. The company is going to build 10 lines to produce batteries worth 6 billion Wh. Total investment will reach Chinese yuan (CNY) 1.55 billion. Lifan announced on July 28, 2015 that it will acquire a 100% stake in Woasis, an information technology company in Chongqing City. The acquisition amount will reach CNY 300 million. The acquisition will allow Lifan to use Woasis' wireless communications technologies for its eco-friend...

OEM Plants  Updated at: 2025/05/08

rategic partnership with Horizon Robotics in intelligent driving and other fields NIO renews joint manufacturing agreement with JAC JAC forms strategic partnership with iFlyTek in intelligent cockpits and other fields Jianghuai Automobile approved at its Board of Directors Meeting on October 12 its acquisition of stocks in "Yangzhou Jianghuain Light Vehicle Co., Ltd.," the company announced. Jianghuai Automobile will purchase a 40 percent equity ...

OEM Plants  Updated at: 2025/05/08

oyota China and Haima Auto reach cooperation in FCEV field Haima Motor launches two models in Vietnam On June 5, Hainan Automobile, the leading shareholder of Haima Automobile Group, signed an agreement with Haima Shanghai Investment Co., the company's controlling shareholder, concerning merger and acquisition. By absorbing Hainan Automobile, Haima Shanghai Investment Co. will acquire a 28.80% stake in Haima Automobile Group currently owned by Ha...

OEM Plants  Updated at: 2025/05/08

r the introduction of New Energy Vehicle production. Daimler announced on March 8 that Daimler and BAIC Group are deepening their strategic cooperation in the new energy vehicle (NEV) sector. Daimler has become a shareholder in Beijing Electric Vehicle Co., Ltd., a subsidiary of BAIC Group, through acquisition of a 3.93% stake. On June 18, Magna announced its intention to form two new joint ventures with Beijing Electric Vehicle Co. Ltd (BJEV) fo...

OEM Plants  Updated at: 2025/05/08

y, hundreds of second-life robots are now installed at Solihull, Halewood, and the EPMC in Wolverhampton, ready to produce JLR's next-generation electric vehicles and battery packs. The company has also developed a new digital management system to track the life of every vehicle program asset, from acquisition to sale, scrapping, and reuse. On September 20 MINI announced that a production model of the MINI Paceman will appear in the Paris Motor S...

OEM Plants  Updated at: 2025/05/08

ted a LOI regarding M&A of Ssangyong Motor. Due to brisk sales, annual production capacity of 250,000 units at the Busan plant has reached its limit but the company gave up constructing the second plant of the same scale in Busan. Renault intends to boost its manufacturing capacity at Busan through acquisition of Ssangyong Motor. Renault Samsung was planning to establish second plant at Pusan plant after 2005 and increase production capacity to 5...

OEM Plants  Updated at: 2025/05/08