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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. Figures released by the ASEAN Automotive Federation (AAF) show that total vehicle sales in Southeast Asia will be about 2.79 What is the mystery behind it?.

Asia 97
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Hitachi Chemical acquires 43.9% of Thai lead-acid battery company, plans to buy more

Green Car Congress

is acquiring a large portion of the Thai Storage Battery Public Company Limited (TSB Company), a manufacturer of automotive and industrial lead-acid storage batteries mainly in Southeast Asia, with a high market share in Thailand and elsewhere. Hitachi Chemical Co., Hitachi Chemical has acquired 43.9%

Lead Acid 150
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Toyota-backed U.S. self-driving startup garners $67 million investment

Teslarati

On Monday, Nikkei Asia reported that NTT is investing around 10 billion yen ($66.9 The vehicles are expected to include buses to start, before later including taxis and other automobiles. The Toyota-backed U.S. million) into the Michigan-based May Mobility.

Toyota 109
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Honda adjusting production at North American plants due to flooding in Thailand; auto production at 50% through 10 November

Green Car Congress

American Honda Motor will temporally adjust automobile production at all six Honda auto plants in the US and Canada due to the disruption of the flow of parts from Honda suppliers in Asia because of the ongoing flooding in Thailand. Earlier post.). Auto production will be at approximately 50% of the original plan through 10 Nov.

Thailand 170
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VinFast Still Kicking and Planning to Show Vehicles at CES

The Truth About Cars

Originally founded in Ukraine as the Technocom food processing firm in 1993, Vingroup has branched out into just about every industry relevant in Southeast Asia. That said, VinFast has actually managed to build and sell automobiles — which is already further than most new automakers make it.

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IDTechEX sees battery swapping as winner in 2- and 3-wheeler markets of Asia-Pacific

Green Car Congress

In a new report, “ Battery Swapping for Electric Vehicles 2022-2032: Technology, Players and Forecasts ”, market research firm IDTechEx concludes that battery-swapping technology currently appears to be a winner in the two- and three-wheeler markets of the Asia-Pacific regions.

Asia 326
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HKG becomes controlling shareholder of UQM Technologies with $48M investment

Green Car Congress

announced the signing of a definitive stock issuance and purchase agreement with American Compass, Inc., The Agreement calls for HKG, through its wholly-owned subsidiary, to purchase newly issued UQM common shares that will represent 58% of UQM, and 54% on a fully-diluted basis. The purchase price is $0.72