ge costs for dealers. Although demand will remain volatile, it is believed that disciplined inventory management, targeted incentives and easing loan interest rates will provide support going forward.   On May 6, the United Kingdom and India concluded talks on a comprehensive free trade agreement (FTA) that will benefit the auto industries of both countries. As part of the agreement, India will phase out 85% of tariffs on existing imports from t...

Market & Tech Reports  Updated at: 2025/05/26

25, focused remaining around its manufacturing facilities in Saint-Eustache and Saint-François-du-Lac, Quebec. On September 8, Nova Bus announced that its long-range 100% battery-electric bus, the LFSe+, has successfully completed the Bus Testing Program of the U.S. Federal Transit Administration (FTA). The successful completion of the tests performed allows Nova Bus to position itself strategically on the North American market. The LFSe+ buses ...

OEM Plants  Updated at: 2025/05/23

Busan plant as an export base for its SM3 Z.E.electric vehicle (EV.) The company plans to export the SM3 Z.E. to the areas with growing demand for sedans, mainly South America, and is considering additional investment in Busan plant. Starting with Chile, which has concluded a free-trade agreement (FTA) with South Korea, Renault Samsung will export cars to Hong Kong and Singapore in 2015, then to the European market. The company did not elaborate...

OEM Plants  Updated at: 2025/05/08

UK-India trade deal to cut auto tariffs, boost bilateral automotive trade On May 6, the United Kingdom and India concluded talks on a comprehensive Free Trade Agreement (FTA) that is set to benefit the automotive sectors in both countries.  As part of the agreement, after staging over 10 years, India will eliminate tariffs on 85% of tariff lines covering 66% of existing UK exports. The deal covers tariff reductions on components such as auto par...

News  Updated at: 2025/05/07

ted circuit boards (PCBs). Swedish businesses were encouraged to expand their investment in Thailand, particularly in sectors where Sweden has strengths, such as electric vehicles (EVs), clean energy, and sustainable products. Both sides also exchanged views on the Thailand-EU Free Trade Agreement (FTA) negotiations, which have been progressing satisfactorily.In 2024, bilateral trade between Thailand and Sweden was valued at USD 1.247 billion (ap...

News  Updated at: 2025/04/29

reement. This would lower the price of the Countryman Cooper S from THB 2.66 million to THB 2.30 million. For MINI PHEVs, there is no clear plan in Thailand yet. President of BMW Group Thailand revealed plans to export more locally assembled BMW cars to China, supported by the Free Trade Agreement (FTA). The group is planning on the new exports some time in 2019 and Rayong plant will become very important in supporting shipments to China. The gr...

OEM Plants  Updated at: 2025/03/17

, for level 3 autonomous driving, which is also scheduled for production in 2020 SF Motors, which plans to launch its first electric crossover, the SF5, in 2019, will also utilize the DRIVE AGX Xavier chip. The FAW Group is partnering with autonomous driving startup Plus.ai and Full Truck Alliance (FTA), a logistics company, to develop a driverless commercial trucking fleet planned for a large-scale truck-hailing service in 2021 using the NVIDIA ...

Major Suppliers  Updated at: 2025/03/07

will be raised to 67 percent. The expansion program was announced on the occasion of the first roll-off the line of the new "i20." The new "i10" will also get into production at the end of 2013. More than 90 percent of the products will be exported to countries in the Mideast, with which Turkey has FTA agreements, with the aim of achieving $2 billion yen annually in exports. Hyundai Assan will be the first company to enjoy benefit from the incent...

OEM Plants  Updated at: 2025/03/03

for 50 New Flyer zero-emission buses. The order consists of 40 Xcelsior CHARGE FC 40-foot hydrogen fuel cell-electric buses and 10 Xcelsior CHARGE NG 40-foot battery-electric buses. The units were added to NFI’s Q4 2024 backlog and are supported by a combination of Federal Transit Administration (FTA) and local funding. OCTA manages key transportation infrastructure for 3.2 million residents across 34 cities in Orange County, delivering more th...

News  Updated at: 2025/02/27

Cambodia – South Korea bilateral trade up 11.5% in 2024, supported by FTA Reported on January 3, 2025, the Cambodia-Korea Free Trade Agreement (CKFTA) drove growth in the 2024 bilateral trade between Cambodia and South Korea, which reached USD 762 million, up 11.5% YoY. Following the first meeting of the CKFTA Joint Committee held in South Korea, Cambodia will host the second CKFTA Joint Committee meeting in 2025. Both sides aim to boost cooper...

News  Updated at: 2025/01/07

Thailand-South Korea to start 3rd round of negotiations on EPA (FTA) Reported on December 15, 2024, Thailand’s Commerce Minister has recently talked with the South Korean Ambassador to Thailand regarding the economic partnership negotiations between the 2 countries. Their FTA, which will be called “Thailand-South Korea Economic Partnership Agreement” (EPA), is expected to boost bilateral trade, services, and investment, while expanding coop...

News  Updated at: 2024/12/17

h on onboard energy, the LFSe+ integrates a proven electric drive motor and power electronics from BAE Systems. On September 8, Nova Bus announced that its long-range 100% battery-electric bus, the LFSe+, has successfully completed the Bus Testing Program of the U.S. Federal Transit Administration (FTA). The successful completion of the tests performed allows Nova Bus to position itself strategically on the North American market. The LFSe+ buses ...

OEM Plants  Updated at: 2024/11/29

I is focused on attracting responsible investments in key sectors, including renewable energy, energy storage systems, electric vehicles, semiconductors, etc. The 2 countries are set to strengthen their economic partnership through the full implementation the Philippines-Korea Free Trade Agreement (FTA).  The forum, co-organized by the Philippine Chamber of Commerce and Industry and the Federation of Korean Industries, also celebrated the 75th a...

News  Updated at: 2024/10/24

e that are enhancing car production in Thailand, and also try to expand sales in the aftermarket. Moreover, Clarion is planning to export products to neighboring ASEAN countries and India where the market is expanding rapidly and even Europe by taking advantage of preferential trade agreements like FTA. The company also has plans to develop the Thai plant as its key operational base on a global scale for additional functions, including product de...

Major Suppliers  Updated at: 2024/09/27

xport to Europe, said SAIC Motor-CP. The company is also aiming to export EVs to European markets.  Chinese EVs manufactured in Thailand must contain over 40% locally made parts in order to be considered as “originated from Thailand”. What the Thai govt. is expected to do is (i) to complete an FTA negotiation with the European Union by 2024, which would help open doors to EU markets for Thai EV firms and (ii) to promote the establishment of ...

News  Updated at: 2024/08/27

Detection, Data Integrity Validation, and Secure Boot.   Regarding safety, a safety concept was developed with the agreement of all involved parties in mind. The concept was reviewed and tested using a variety of techniques and methodologies, including safety analysis, HW- FMEDA, SW critical path, FTA, FMEA, and DFA. SDV cybersecurity compatibility (Source: IAV, online exhibit) SDV functional safety compatibility (Source: IAV, online exhi...

Market & Tech Reports  Updated at: 2024/07/23

n annual production capacity of 300,000 units.   Initially, the Polestar 4 was scheduled to be produced at a Geely plant in China and exported to North America. However, due to the difficulties in exporting from China to North America, production was reportedly changed to South Korea, which has an FTA (Free Trade Agreement) with the U.S.     Renault Group's performance for 2023 was strong, with sales of EUR 52.4 billion (up 13.1% from the prev...

Market & Tech Reports  Updated at: 2024/07/12

Cambodian govt. encouraging more EV investment; VOLTRA says clearer development plan required Reported on May 1, 2024, the Cambodian Ministry of Commerce (MoC), during the inauguration ceremony of the recently held ‘First Auto Show 2024’, encouraged investors to set up more car factories, especially the electric vehicles (EVs) and reap benefits from the FTAs that Cambodia has with many partners and the preferential tariffs received from devel...

News  Updated at: 2024/05/07

Thailand-South Korea FTA to benefit EV-related investments; EPA talks to start in 2024 Reported on March 28, 2024, the Thai Commerce Minister revealed that Thailand and South Korea are opening negotiations for an economic partnership agreement (EPA). A signing ceremony on EPA negotiations has been held. The first round is expected to start by the middle of 2024. The EPA is expected to pave the way for the bilateral free trade agreement by late 20...

News  Updated at: 2024/04/01

’s EV manufacturing hub under its 30@30 policy and stands ready to discuss cooperation with France in automobiles and clean energy. Moreover, the Thai PM expressed confidence that mutual trade and investment value between Thailand and France will significantly grow if the negotiation of Thailand-EU FTA is finalized by 2025.  The Thai PM has also met with executives of over 20 France’s leading companies in the fields of automobiles, aviation,...

News  Updated at: 2024/03/12