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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. A large market of 10 million vehicles.

Asia 97
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Rebounding Mitsubishi expects North American profitability to surge

Baua Electric

In the meantime, creation of the Indonesia-built Xpander worth automobile to Mexico helps shore up industry in every other essential North American marketplace, the corporate stated. Mitsubishi, which lately kicked off a brandnew mid-term marketing strategy focused on international gross sales of one.1 billion yen ($277.5

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Honda to step up its game with new electric motorcycles and EVs

Teslarati

At the same time, Honda plans to increase its annual sales of electric motorcycles to 3.5 Battery electric vehicles (BEVs) are particularly making strides in the global automobile business. million electric motorcycles annually, approximately 15% of Honda’s total unit sales. China: In early 2024, e:NS2 and e:NP2 will go on sale.

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VinFast’s (VFS) global EV dealer network grows following new agreement in Middle East

Baua Electric

Since parent company VinGroup opened up its automotive arm in Vietnam, we’ve witnessed VinFast continue to expand to new markets, including Indonesia, the US, Canada, Europe, and most recently, India – all while unveiling more all-electric models like the VF 3 compact SUV and an electric pickup concept called the Wild.

Dealers 52
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Volkswagen Group and Tata Motors Ltd. to explore strategic alliance for joint development projects; ŠKODA to lead

Green Car Congress

The first step will address topics such as the application of specific market knowledge as well as local development expertise. In the long term, the Volkswagen Group is looking to further expand its product portfolio in the fast-growing emerging markets. Global ŠKODA sales reached 1.3 billion in 2015-16. million cars in 2016.

Motor 150
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Geely exports more than 100,000 vehicles in 2012; 164% year-on-year growth

Green Car Congress

Zhejiang Geely Holding Group set a new export sales record in December with 11,000 cars being exported during the month, which also helped the company increase its export sales over the course of 2012 by 164%. Geely’s current major overseas markets include Ukraine, Russia, Iraq and Saudi Arabia.

2012 225
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Hyundai Motor Group to invest $87B over next 5 years; 44 electrified vehicles; new EV development system; hydrogen plans

Green Car Congress

It will streamline operation networks and introduce new sales methods, while securing a flexible production system that can respond to the fluctuating global demand. The Group will start exporting its fuel-cell systems to Cummins and enter the US market this year, followed by the European market.

Hyundai 284