ithin the next five years JLR will start production in China at its plant in Dalian, which was a planned site of Fuji Heavy Industries (FHI). Earlier, FHI was reported as a prospective joint venture partner of JLR. Meanwhile, Chinese government may not approve the JLR-Chery joint venture to control overcapacity. On December 13 Chery Automobile Co., Ltd. and SK Telecom of South Korea have established a collaborative experimental laboratory on the ...

OEM Plants  Updated at: 2025/12/10

and rationalization of their Thai production bases: Honda has decided to cease vehicle assembly at its Ayutthaya plant and concentrate operations at its Prachinburi facility. Nissan has suspended one of its two plants and consolidated production into a single facility this year to address chronic overcapacity. Mitsubishi intends to halt operations at one of its Thai plants around mid-2027. Suzuki closed its Rayong plant in Q1 2025 as part of a ...

News  Updated at: 2025/12/09

plant will manufacture future NIO and Onvo models. President of NIO said that two existing NIO plants in Hefei have reached the designed single shift production capacities. As the two plants can no longer fulfill market demand with their capacities given the launch of new models, NIO is not facing overcapacity. On September 29, Nio Inc. (NIO) signed a strategic investment agreement with three existing shareholders of NIO Holdings Ltd. (NIO Holdi...

OEM Plants  Updated at: 2025/12/01

plant will manufacture future NIO and Onvo models. President of NIO said that two existing NIO plants in Hefei have reached the designed single shift production capacities. As the two plants can no longer fulfill market demand with their capacities given the launch of new models, NIO is not facing overcapacity. On September 20, NIO launched the all-new ES8 large battery electric SUV. The all-new ES8 is equipped with an intelligent 4WD layout, a ...

OEM Plants  Updated at: 2025/12/01

ithin the next five years JLR will start production in China at its plant in Dalian, which was a planned site of Fuji Heavy Industries (FHI). Earlier, FHI was reported as a prospective joint venture partner of JLR. Meanwhile, Chinese government may not approve the JLR-Chery joint venture to control overcapacity. Jaguar Land Rover (JLR), operating under Tata Motors, has signed a memorandum of understanding with Chery Automobile on the establishmen...

OEM Plants  Updated at: 2025/10/28

also investing nearly USD 1 billion to build a new advanced, fuel-efficient V8 engines in New York.  As it is now clear that near-term EV adoption will be lower than GM had planned, due to changes in the regulatory and market environments, GM is reassessing its EV capacity, and working to address overcapacity and EV losses in 2026 and beyond. At the same time, GM will continue to invest in new battery chemistries, form factors, and architectura...

News  Updated at: 2025/10/22

European Commission announces plan to protect EU steel industry On October 7, the European Commission presented a proposal to protect the EU steel sector from the unfair impacts of global overcapacity. The proposal upholds the principle of open trade and enhances engagement with global partners to address overcapacity. The proposal will replace the steel safeguard measure that is set to expire by June 2026. The European Commission proposed limiti...

News  Updated at: 2025/10/09

ence, and big data. The project will promote cooperation to facilitate the development of smart NEV (New Energy Vehicle) industry in Beijing. According to major media reports on March 7, Hyundai Motor Corporation stated that it might stop production at Beijing Hyundai’s first plant, due to severe overcapacity as a result of a sharp sales decline in the Chinese market. The automaker now has three plants in Beijing. According to a statement relea...

OEM Plants  Updated at: 2025/10/02

be trading under the new name Marlok Automotive GmbH. (From a press release on Jul 23, 2008) Visiocorp plc announced that it will concentrate the output of its Spanish factories at its plant located in Epila (Zaragoza). With this move the company will consolidate its production in Spain and reduce overcapacity in the Liria plant. The plant in Zaragoza has greater technical capacity and infrastructure such as a paint shop. This enables Visiocorp ...

Major Suppliers  Updated at: 2025/09/22

l produce low pressure die cast aluminum wheels with a high-end wheel finish. (From a press release on January 8, 2018) Hayes Lemmerz International, Inc. announced that it will close its aluminum wheel facility in Gainesville, Georgia by the end of December 2008. The closure is the result of global overcapacity in the light vehicle aluminum wheel market and increasing aluminum wheel imports into North America from low cost countries. The Gainesvi...

Major Suppliers  Updated at: 2025/09/03

ons and China's excess production capacity. Market access was discussed and the EU and China agreed to work on concrete solutions. The EU appreciated China's efforts to expedite export licensing of these critical raw materials and the agreement on strengthening supply chain mechanisms. In addition, overcapacity in the Chinese economy in key sectors such as electric vehicles (EVs) and batteries has resulted in surpluses flowing into the EU, increa...

Market & Tech Reports  Updated at: 2025/08/26

table item from the joint statement is the possibility for discounted rates on certain steel, aluminum and derivative products through quotas. The joint statement says that the EU and U.S. will “intend to consider the possibility to cooperate on ring-fencing their respective domestic markets from overcapacity, while ensuring secure supply chains between each other,” (White House release on August 21, 2025) / (European Commission release on Au...

News  Updated at: 2025/08/22

and administration. Meanwhile, an additional 6,000 jobs will be transferred to external service providers or eliminated through the sale of business activities. This plan is a part of the company's future industrial strategy in response to structural changes in the European steel market, including overcapacity and increasing cheap imports from Asia. (From a press release dated November 25, 2024)  thyssenkrupp AG (thyssenkrupp) announced that th...

Major Suppliers  Updated at: 2025/07/29

ring and sales of drive parts for NEVs. (From a Taicang press release dated January 31, 2023) Schaeffler AG (Schaeffler) announced that it will cut 1,300 positions worldwide, mainly in the Engine & Transmission Systems business of its automotive division. Schaeffler decided to adjust because of the overcapacity in products, especially for internal combustion engine vehicles, due to the accelerating transformation to electrification. This restruct...

Major Suppliers  Updated at: 2025/07/29

n by the end of 2022 at the latest. In addition to financial compensation, the social plan includes numerous measures to provide the best possible support for affected employees during the transformation phase. The discontinuation of production in Aachen is unavoidable due to the massive structural overcapacity in the European tire market. It has not been growing for several years and a recovery in market demand is not expected in the foreseeable...

Major Suppliers  Updated at: 2025/07/29

ployees at Bosch Engineering in Germany -The Company announced a plan to cut the working hours of 2,300 employees at its subsidiary, Bosch Engineering GmbH, which specializes in developments in the automotive sector. The decision is due to the tense situation in the mobility sector and the existing overcapacity and high-cost pressure. Starting in October 2024, weekly hours will initially be reduced from 40 to 37 hours, with a further hour to be c...

Major Suppliers  Updated at: 2025/07/29

erials and agreement on an upgraded supply chain mechanism. If there are bottlenecks, this mechanism can immediately check and solve the issue that is out there. Europe discussed market access in the summit, and the EU and China agreed to work on concrete solutions. They also discussed the issue of overcapacity in China's economy, in crucial sectors like steel, solar panels, electric vehicles, and batteries. China’s subsidized production exceed...

News  Updated at: 2025/07/28

ive business performance in the Americas and Asia regions, with the Asia region serving as the primary growth engine for the Company. This will be offset by headwinds in the Company’s Europe segment caused by factors including weakening regional demand, increased competition from Chinese imports, overcapacity, decreased exports, and decreased BEV production growth. As such, the Company has begun a multi-year plan to improve performance and prof...

Major Suppliers  Updated at: 2025/07/28

tinue to keep a high presence in France, notably through sales and retail operations with about 3,500 employees. Given the challenging long-term evolution of the industry in the European passenger tire market, Bridgestone has to consider structural measures to ensure the reduction of its production overcapacity and improve its cost efficiency. Bridgestone intends to minimize the impact on the region as much as possible by deploying a solid employ...

Major Suppliers  Updated at: 2025/07/28

and components, certain chemicals, certain generics, semiconductor equipment, certain agricultural products, natural resources, and critical raw materials.   On steel and aluminium, the EU and the US will reduce barriers, and tariffs will be cut to mitigate the common external challenge of global overcapacity. They are planning a quota system. They will also increase energy cooperation. The EU will replace Russian gas and oil with significant p...

News  Updated at: 2025/07/28