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AUTOMAKERS OVERSEAS EXPANSION
China's passenger car exports surge in October as domestic demand remains weakChina experienced a significant increase in car exports in October, primarily driven by electric vehicle demand. The country exported appro...- Tesla to add Cybertruck shift to clear orders before dismantling line next yearTesla plans to add an additional production shift to fulfill outstanding Cybertruck orders by next year. CEO Elon Musk stated that producti...
- China's Baidu launches AI model simulating road environment for robotaxisApollo World can generate "up to 100,000 km" (62,000 miles) of simulated driving daily, equivalent to about three years of real-world testi...
- Chinese EVs win over some in South Korea, but Japan is proving to be a rougher roadChinese electric vehicle makers such as BYD are making inroads into South Korea, challenging established domestic brands with competitively...
- ET Prime Special Series: Multibagger or IBC - Part 81: Momentum in numbers will decide fate of this auto ancillary's stockA few years back, the important question for this auto ancillary supplier was whether its investments and customer programmes would begin p...
- Chinese car makers increasingly rely on overseas markets as September exports surgeChina’s passenger car exports jumped 64% year-on-year in September to about 919,000 units as automakers increasingly looked overseas to off...
- Caffeine clash: Starbucks slayer now brews a global coffee blendLuckin Coffee is looking to expand into Gulf countries with a focus on local tastes and preferences. The company's recent $1 billion invest...
- China's Xpeng plans to offer tech solutions to foreign automakersThe company plans to offer its electrical and electronic architecture, cockpit systems, Turing AI chips, and advanced-driver assistance sof...
- China's car glut has long flooded the world. Now comes the cleanupChina's auto industry faces a major reset as production exceeds domestic demand significantly. Toyota's planned joint venture consolidation...
- Hyundai goes big on India with 26 new models as it plots 100+ vehicle global offensiveHyundai is gearing up for an extensive expansion, aiming for over one hundred global vehicle launches and enhancements by 2030. In India, t...
- Xpeng's robotics unit valued at over $6.3 billion after record funding roundThe proceeds will be used to develop robotics hardware and software, train and refine physical AI models, collect high-quality data, build...
- Maruti Suzuki commences production at 4th plant at Gujarat facility with 250,000 units annual capacityMaruti Suzuki began production at its fourth Hansalpur plant, boosting capacity to one million units. This expansion makes Hansalpur India'...
- China's car slump has a new escape route — the rest of the worldChina's auto sales decline prompts manufacturers to boost overseas exports. Domestic demand has fallen significantly, pushing companies to ...
- Japan's export credit agency to lend $2 billion to Nissan for U.S. sales financingThe money is part of a $4.1 billion credit agreement for Nissan Motor Acceptance Corporation, a unit of Nissan North America, Japan Bank of...
- Nissan, Mitsubishi plan 50-50 minicar ventureNissan Motor and Mitsubishi Motors will set up a 50-50 joint company next year to develop minicars that may become strategic models sold gl...
- Toyota names family scion as new presidentToyota Motor on Tuesday named Akio Toyoda as its new president, turning to the grandson of its founder to rescue the company from its bigge...
- SKorea's Hyundai Motor to build plant in BrazilSouth Korea's largest carmaker Hyundai Motor said that it would build its first South American auto plant in Brazil as part of its drive to...
- China's Brilliance to assemble cars in RussiaChina's Brilliance Auto has signed an agreement to assemble more than 100,000 cars in Russia over the next five years, as it steps up its g...
- Honda announces major expansion overseasHonda Motor Co announced a major global expansion as Japanese automakers race to meet fast-growing demand overseas to offset slumping domes...
- Honda announces major expansion in AsiaJapan's Honda Motor Co. announced Wednesday plans for a major expansion of its global production operations with new plants in Thailand, Vi...
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