Latest news and articles about automotive industry from NEX English
Kia, the South Korean automotive giant, has announced a 30% increase in its investments over the next four years. This strategic move aims to strengthen its competitive edge in the automotive market, although the company's stock has seen a decline following the announcement.
Indonesian President Joko Widodo announced the country's ambition to significantly produce electric sedan cars by 2028 during the inauguration of an electric vehicle assembly plant in Majalengka, Central Java. This initiative is part of the government's efforts to boost the electric vehicle industry.
The Indonesian Automotive Industry Association (Gaikindo) reported that the complete import of commercial vehicles is putting significant pressure on the local industry. This statement was made during the International Commercial Vehicle Exhibition in Jakarta.
The Chairman of the Industry Committee in the Indonesian Parliament, Saleh Partaonan Dulay, emphasized the importance of increasing local components in the automotive industry during a visit to QJ Motor's factory in Cikarang. He highlighted the need for companies to invest in Indonesia to achieve this goal.
The American automotive industry faces significant challenges in the European market, where buyers show little interest in large trucks like the Ford F-150. This gap in interest raises concerns for American companies aiming to expand globally.
Malaysia is facing challenges in its ambition to become a regional hub for electric vehicle manufacturing while protecting its local companies. The dispute with Chinese company BYD over manufacturing terms threatens future investments.
Eko S. A. Kahiyanto, the Secretary General of the Indonesian Ministry of Industry, announced that GIICOMVEC 2026 represents an opportunity to strengthen collaboration between the government and the private sector. The exhibition, held in Jakarta, aims to develop the national automotive industry and promote innovation.
Stellantis is in advanced discussions with Chinese company Leapmotor to develop a new electric vehicle under the Opel brand. This initiative aims to strengthen Stellantis's presence in the growing electric vehicle market.
The President of the Indonesian Automotive Industry Association, Budi Guly Ardiqa, emphasized that the commercial sector is the main driver of growth in the automotive industry during the opening of the GIICOMVEC 2026 exhibition in Jakarta.
The new car market in the United States is experiencing a significant decline as consumers turn to used electric vehicles as a cost-effective alternative. This shift is driven by rising fuel prices, prompting many Americans to seek more efficient transportation options.
VinFast, the Vietnamese electric vehicle manufacturer, has reported a significant increase in sales, nearly doubling in 2025. The company aims to deliver 300,000 vehicles by 2026, reflecting its ambitious goals in the global market.
The European automotive industry is facing a structural crisis due to declining demand and increased competition from Chinese companies. In response, some manufacturers are considering a return to their roots in the defense sector as a means of survival.
Chinese automaker Zeekr has unveiled a special edition of its popular Zeekr 001 model to commemorate the fifth anniversary of its launch. The new version, named <strong>Zeekr 001 5th Anniversary Edition</strong>, features a unique exterior design and advanced technological features.
The Indonesian Vehicle Industry Association (Gaikindo) has announced the GIICOMVEC 2026 exhibition in Jakarta, marking a significant advancement in the commercial vehicle sector. The event, scheduled for April 8-11, 2026, aims to highlight the competitiveness of Indonesian vehicles both locally and internationally.
Tesla reported a slight increase in deliveries during the first quarter of the year, with a 6% rise compared to last year. However, the company is facing a third consecutive year of declining sales.
As fuel prices continue to rise, consumers face new challenges in their vehicle choices. This economic shift is pushing for a faster adoption of electric vehicles as a sustainable alternative.
Global automakers are planning to invest billions of dollars in the United States to boost production and avoid tariffs imposed by the Trump administration. This move comes as companies await clarity on the North American Free Trade Agreement.
One year after the tariffs imposed by former President Donald Trump, construction and automotive companies in the US face significant challenges. These tariffs have not achieved the intended goals of reducing the federal debt as expected.
General Motors announced the suspension of its 'Factory Zero' starting March 16, with workers expected to return on April 13. This decision comes as demand for electric trucks significantly declines.
Li Shufu, the owner of Volvo, has revealed new plans aimed at enhancing collaboration with the Chinese parent company by producing Chinese brand models in Volvo's factories. This move comes amid significant challenges in the automotive industry due to overproduction.
Helwan University has announced a significant achievement with the production of Egypt's first locally made electric golf car, showcasing the innovative capabilities of its students. This project highlights the potential of Egyptian youth in modern technology.
Jordan and Morocco have engaged in discussions to strengthen cooperation in the automotive and energy sectors. This initiative aims to enhance economic relations between the two countries.
Toyota Motor Corporation announced today a $1 billion investment in two of its factories in the United States. This move is part of a plan to invest up to $10 billion locally over the next five years.
The electric vehicle BYD Denza Z9 GT will make its debut in the latest James Bond film, marking the first time a Chinese car is featured in this iconic series. This decision aligns with BYD's strategy to enhance its presence in global markets.
Self-driving cars are projected to require over <strong>300 GB</strong> of memory to process AI data, transforming them into mobile computers. This significant leap highlights the growing reliance on artificial intelligence in vehicles and the new challenges in cost and supply.
Toyota Motor Manufacturing Indonesia announced its efforts to enhance energy efficiency in the automotive sector, highlighting government policies as a significant opportunity for innovation. This comes amid increasing global pressure on companies to achieve sustainability.
Leapmotor, backed by Stellantis, announced the delivery of <strong>110,155</strong> new electric vehicles in the first quarter of 2026, marking a <strong>26%</strong> increase from last year. This achievement comes as BYD faces a decline in its sales.
SN Automotive has announced the launch of the Dongfeng 007 and 008 in the Egyptian market, featuring REEV technology that enhances fuel efficiency. This initiative aims to meet local market needs and promote sustainable transportation options.
Hyundai has announced its victory with <strong>21 awards</strong> at the <strong>IF Design Award 2026</strong>, showcasing its commitment to innovation and advanced design. This achievement enhances the company's position in the global market and reflects the quality of its products.
Stellantis is in discussions with its Chinese partner, Zhejiang Leapmotor, to manufacture electric vehicles in Canada. This initiative comes as the automotive industry shifts towards clean energy.