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Chinese auto parts maker eyes strategic expansion with new Morocco facility

Shanghai Carthane, a prominent Chinese automotive components manufacturer, has announced plans to establish a new subsidiary in Morocco under the temporary name Kaizhong Morocco. The company disclosed this strategic move on the Shanghai Stock Exchange as part of its efforts to strengthen its foothold......

Hyundai Introduces Affordable Electric Vehicle to Tap Japan’s Hesitant EV Market

CHIBA, Japan, Jan 10 – South Korea's Hyundai Motor has unveiled its most affordable compact electric vehicle (EV) in Japan, aiming to challenge a market traditionally dominated by local automakers specializing in petrol and hybrid technologies. The new Hyundai Inster represents the company’s......

Auto Industry Adjusts Production Strategies Amid Tariff Concerns

LAS VEGAS, Jan 9 – Global automotive suppliers are reassessing their production strategies to move operations closer to or within the United States in response to potential tariff increases announced by President-elect Donald Trump, as discussed by industry leaders at CES in Las Vegas. The auto......

BYD Strikes $1 Billion Deal to Establish Manufacturing Plant in Turkey

BYD, China's preeminent electric vehicle (EV) manufacturer, has signed a landmark $1 billion (£780 million) agreement to construct a state-of-the-art manufacturing facility in Turkey. This strategic move underscores BYD's relentless expansion beyond its domestic market. The forthcoming......

EU Considers Tariff Hike on Chinese Electric Vehicles Amid Subsidy Dispute

The European Commission has issued a stark warning to China: resolve the ongoing subsidy dispute over electric vehicles (EVs) or face significant tariff hikes. This ultimatum follows a preliminary finding in an anti-subsidy investigation into Chinese EV imports, which revealed that Chinese battery electric......

Renault and Geely Establish Powertrain Joint Venture to Drive Future Automotive Technologies

Global automakers Renault and Geely have launched a new powertrain cooperation dubbed HORSE Powertrain Limited that aims to be a leading provider of combustion engines, transmissions and hybrid systems worldwide.  Following the July 11th joint venture agreement receiving regulatory approval, Renault......