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Southeast Asia market will become a competitive place for Chinese and Japanese car companies

Setec Powerr

Europe, the birthplace of the automobile industry, to North America across the Pacific Ocean, has always been the top stage that Chinese car companies hope to step on. However, the Southeast Asian market at home has recently become a new target for many car companies. What is the mystery behind it?.

Asia 97
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Stellantis-Leapmotor eSUV details revealed in sales license for China

Teslarati

Stellantis-Leapmotor C16 SUV details were leaked after the companies filed for a sales license with China’s Ministry of Industry and Information Technology (MIIT). Rumors hint that Leapmotor aims to release the C16 in Poland and Malaysia. billion in Leapmotor, acquiring 20% of the Chinese car maker.

China 104
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Nikkei: China boosts domestic rare earths quota by nearly 30%

Green Car Congress

China’s Ministry of Industry and Information Technology and Ministry of Natural Resources jointly announced that the production quota for the first half of this year will be 84,000 tons, a major jump from the 66,000 tons last year and the highest target to date for the first half. It announces a quota twice a year.

China 301
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Qiantu inks deal with Mullen to tap US market, K50 supercar to be rebranded as Mullen GT and GTRS

CN EV Post

Qiantu recently signed a strategic partnership agreement with Mullen Automotive to expand into the Americas, according to a press release from the Chinese startup today. To ensure supercar status, the car will also feature an updated powertrain, targeting a 0-60 mph time of less than 2.0 seconds and a top speed of more than 200 mph.

Market 101
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Who Really Invented the Thumb Drive?

Cars That Think

Somewhat less credibly, inventors in Malaysia and China have also claimed to be the first to come up with the thumb drive. Over the next 15 years, he rose to the rank of sales director, accumulating a wealth of experience in the electronics industry, including connections to a range of suppliers and customers.

Singapore 144
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Nearly one in five cars sold worldwide in 2023 was electric: IEA | Autocar Professional

Baua Electric

Electric car sales in 2023 were 3.5 Electric cars accounted for around 18% of all cars sold in 2023, up from 14% in 2022 and only 2% five years earlier, in 2018. These trends indicate that growth remains robust as electric car markets mature. million EVs in 2023 In China, the number of new electric car sales reached 8.1

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Pensana plans $125M rare earth separation facility in England

Green Car Congress

The global rare earth market, driven by demand from industries including electric vehicles and offshore wind, is expected to increase five-fold by 2030 and the NdPr oxide price is forecast to increase at a CAGR of 4.8 - 9.9%, underpinning strong economics for the investment. China currently supplies 98% of Europe’s rare earth magnets.

Angola 345