Keywords: Automotive industry
Changan Automobile has announced plans to become one of the world’s top 10 automakers by 2030, highlighting the growing ambitions of Chinese manufacturers in the global automotive market. The company aims to significantly increase its international presence, targeting global sales of up to 5 million......
South Korea’s Samsung SDI has reached a significant milestone by signing its first electric vehicle (EV) battery supply agreement with German automaker Mercedes-Benz. The multi-year deal marks a new phase of collaboration between the two companies as the global automotive industry accelerates its......
Swedish automotive safety supplier Autoliv, the world’s largest producer of airbags and seatbelts, reported a stronger-than-expected performance in its first-quarter results, with adjusted operating profit declining less than analysts had forecast. The company said that its performance during......
Chinese automaker Seres has announced that it will become an equal shareholder in a fast-charging joint venture in China involving German carmakers BMW and Mercedes-Benz. The move marks a new stage of cooperation in the rapidly evolving electric vehicle sector. According to an official statement released......
Automotive group Stellantis NV has announced that it will stop producing new vehicles at its Poissy plant near Paris by 2029, as part of a broader strategy to reduce excess manufacturing capacity in Europe. The company, which owns brands such as Jeep and Peugeot, is facing structural overcapacity across......
Chinese electric vehicle manufacturer BYD is deliberately avoiding a price war in South Africa as competition intensifies in Africa’s second-largest automotive market. The South African automotive sector is experiencing a rapid influx of electric vehicles, plug-in hybrids, range-extender models,......
The French automaker Citroën has selected its industrial site in Kénitra to produce the next generation of its C4 model, expected to be launched around 2029, according to industry reports. The decision reinforces the growing role of Morocco as a key hub in the global automotive supply chain,......
Chinese automaker Chery is exploring plans to expand its vehicle production footprint in Europe by partnering with existing manufacturers and using available factory capacity, according to senior company executives. The strategy reflects a broader trend among Chinese carmakers seeking to strengthen......
South Korean automaker Hyundai Motor Company has announced a large-scale recall affecting more than 294,000 vehicles in the United States due to a potential safety defect involving seat belt anchors. According to the National Highway Traffic Safety Administration (NHTSA), the issue may cause the seat......
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