08 percent year-on-year) and total profit (profit before tax) at 805 million yuan, down 62.49 percent from the same period of the previous year. FAW Car says that a decline in profit is attributable to the sluggishness in the passenger car market due to the government's monetary policies, a rise in inflation, end of automotive sales promotion measures and a limited issue of license plates in Beijing. The new FAW Oley, the automaker's new self-dev...

OEM Plants  Updated at: 2025/07/17

veda announced discussions with Kia Motors regarding expansion of its plant in Pesquería, Mexico, with the aim of launching an EV in the market. Kia is considering the new EV plant, expected to be built near or as part of the existing facility, due to the eligibility for tax credits under the U.S. Inflation Reduction Act (IRA), though nothing has been fixed yet. While plans are not yet fixed, whenever the new facility would be built, the goal wo...

OEM Plants  Updated at: 2025/07/14

be similar to the vehicle currently prepared for introduction in Thailand. Honda Motor announced that it will increase the sales prices of the Brio, the Jazz and the City by 0.2 to 2.6 percent from the current prices. The company says it has decided on the price hike due to rising materials costs, inflationary pressures and increase in freight because of higher diesel fuel prices. Honda Cars India is reported that it is planning to launch four m...

OEM Plants  Updated at: 2025/07/11

lant, citing twice monthly inspections for compliance with occupational safety measures. Tesla's management at Gigafactory Berlin announced on November 3 that the plant’s 11,000 workers will receive a 4% wage raise effective in November. Tesla will also pay a EUR 1,500 bonus in December to offset inflation and in February 2024 raise annual wages by an additional EUR 2,500 for the German workers, according to people familiar with the matter. On ...

OEM Plants  Updated at: 2025/07/08

or the USD 7,500 federal government clean-vehicle tax incentive after having temporarily lost eligibility following changed requirements at the start of 2024.The U.S. Treasury Department and Internal Revenues Services in December released guidance to clarify rules around eligible vehicles under the Inflation Reduction Act that disqualified EVs with a specific foreign-sourced battery content, affecting also the Chevrolet Blazer EV. Cadillac has re...

OEM Plants  Updated at: 2025/06/25

r factory is already completed, with a roof overhead, but it remains a shell without walls. On July 5, NextStar Energy, the vehicle battery JV between Stellantis and LG Energy Solution, announced it has signed a binding agreement with the Canadian government to level the playing field with the U.S. Inflation Reduction Act (IRA) and is restarting construction at the battery plant in Windsor, Ontario with plans to launch in 2024. The plant will hav...

OEM Plants  Updated at: 2025/06/23

are not met. On September 19, it was announced that GM workers in São José dos Campos approved a wage agreement in a vote in which both shifts of the plant participated. The wage adjustment will be based on the INPC of 3.71%, while the Profit Sharing will be BRL 20,000 in 2025, corrected for the inflation of the following year. In addition, a Voluntary Dismissal Program requested by the workers will be opened. With the Voluntary Dismissal Prog...

OEM Plants  Updated at: 2025/06/11

GLE and GLS sport utilities. Batteries powering the new EV will come from the Mercedes-Benz battery plant in nearby Woodstock. On September 25, Mercedes-Benz announced it has applied for tax breaks for potential projects at its plants in Tuscaloosa, Alabama and Charleston, South Carolina, under the Inflation Reduction Act. While the spokesperson did not comment on the proposed projects, sources have reported that Mercedes-Benz is looking to expan...

OEM Plants  Updated at: 2025/05/26

ober 17 in Campinas. Workers are asking for a 9.20% pay raise, but the company has only offered a 1.73% raise. On October 30, Chery announced that the month-long strike at its Jacarei plant in Brazil was resolved. The striking workers finally accepted the original proposal made by Chery for a 1.73% inflation adjustment. Chery was producing only its QQ model when the stoppage began, but is planning for the Tiggo2 SUV later in 2017. The month-long ...

OEM Plants  Updated at: 2025/05/24

nt in Alabama and the ongoing supply chain issues, the Mazda/Toyota JV plant is currently operating on only one shift. A second shift was slated to begin before the end of 2022, but this has been delayed indefinitely. Mazda has the capacity to build 150,000 vehicles at this plant. Historically high inflation and interest rates are causing many drivers to delay or purchase a lower-priced vehicle. The CX-50 is the only Mazda currently produced at t...

OEM Plants  Updated at: 2025/05/19

finiti brand names. USD 500 million is being invested toward this end. On October 16, Nissan USA announced that it has been able to certify that 2024 LEAF vehicles produced in the U.S. will qualify for part of the U.S. federal EV tax credit by meeting the “battery component” requirements of the Inflation Reduction Act (IRA) of 2022. Now qualifying for the USD 3,750 tax credit, the LEAF and its AESC-supplied battery are assembled in Smyrna, Te...

OEM Plants  Updated at: 2025/05/14

ectric midsize SUV, at its plant in the US state of Georgia from 2024. At a conference call with analysts on 5th, the automaking unit of Hyundai Motor Group said it will convert part of its Georgia plant to an electric vehicle production line to build the EV9. The move is Kia’s response to the US Inflation Reduction Act, signed into law in August. Meanwhile, Hyundai Motor said the company will start producing the Electrified GV70, the latest mo...

OEM Plants  Updated at: 2025/05/14

s, looks to deliver 200-500 units in 2022 Nikola begins production of battery-electric Tre semitruck in Coolidge, Arizona FPT, Italy ships electric axles for Nikola Tre electric truck Nikola Corp. reports Q2 2022 financials, deliveries, production Nikola truck and energy business to benefit from Inflation Reduction Act Nikola Corporation reports Q3 2022 results, manufacturing updates Nikola receives order for 100 Class 8 Tre BEVs from Zeem S...

OEM Plants  Updated at: 2025/04/15

7.9% in H1FY21. On May 18, Tata Motors announced the supply situation over the next few months is likely to be adversely impacted by disruptions from Covid-19 lockdowns in India and semi-conductor shortages worldwide. It expects Q1 FY22 to be relatively weak due to this as well as rising commodity inflation and expect to improve gradually from the second quarter. On July 19, Tata Sons announced that it will invest GBP 4 billion in the UK to esta...

OEM Plants  Updated at: 2025/04/11

built Model 3 and Model Y vehicles to its inventory in Canada, confirming that it has been shipping vehicles from Gigafactory Shanghai. The range offered on Model 3 and Model Y vehicles in Tesla’s Canadian site matches those of the LFP cells used in packs for China-built vehicles. Due to the U.S. Inflation Reduction Act, Tesla is saving its Fremont and Gigafactory Texas-built Model Ys for U.S. customers. Canadian customers can purchase an EV bu...

OEM Plants  Updated at: 2025/04/02

built Model 3 and Model Y vehicles to its inventory in Canada, confirming that it has been shipping vehicles from Gigafactory Shanghai. The range offered on Model 3 and Model Y vehicles in Tesla’s Canadian site matches those of the LFP cells used in packs for China-built vehicles. Due to the U.S. Inflation Reduction Act, Tesla is saving its Fremont and Gigafactory Texas-built Model Ys for U.S. customers. Canadian customers can purchase an EV bu...

OEM Plants  Updated at: 2025/04/02

y agreeing to a 5.5% salary increase for workers plus a 1% increase in the workers' savings fund and the indexation of food allowance vouchers, according to an August 19 tweet by the independent union of Volkswagen workers (SITIAVW). VW and union representatives also agreed on a raise equivalent to inflation plus 2% scheduled for 2019, which would be split between a 1% salary hike and 1% for the savings fund and food vouchers. On Aug 30, Audi inf...

OEM Plants  Updated at: 2025/03/20

n, and total direct jobs to over 5,000. This announcement marks the second time this plant has been expanded before it commences operations. In August 2022, they invested an additional USD 2.5 billion on top of the original USD 1.2 billion in order to qualify for incentives and tax breaks under the Inflation Reduction Act (IRA). This investment adds capacity to support battery electric vehicles (BEV’s) including 3-row seat SUV to be manufacture...

OEM Plants  Updated at: 2025/03/18

over 285,000 Indonesia-made Toyota cars, including electrified vehicles, were exported to around 100 countries in Asia, South America, Africa, the Middle East, Australia, and Oceania, (down 3% YoY). The mentioned challenges  included the global economic situation with an economic crisis to combat inflation, as well as geo-political conflicts in several countries that also disrupted global supply chains. Toyota Kijang Innova Zenix Hybrid recorde...

OEM Plants  Updated at: 2025/03/12

over 285,000 Indonesia-made Toyota cars, including electrified vehicles, were exported to around 100 countries in Asia, South America, Africa, the Middle East, Australia, and Oceania, (down 3% YoY). The mentioned challenges  included the global economic situation with an economic crisis to combat inflation, as well as geo-political conflicts in several countries that also disrupted global supply chains. Toyota Kijang Innova Zenix Hybrid recorde...

OEM Plants  Updated at: 2025/03/12