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Archive for the ‘Automotive Industry’ Category

Automotive Industry, News, Philippines

December 19, 2024

The Philippine automotive parts industry is set to achieve remarkable milestones in 2024, with export revenues projected to reach $1.21 billion by year-end. This marks a robust contribution to the country’s international trade and reflects the growing demand for high-quality automotive components worldwide.   Looking ahead, forecasts indicate an increase in export performance, with revenues […]

Automakers are positioning for new growth opportunities within the U.S. market, with potential policy adjustments on the horizon that could impact trade and production strategies. As the sector assesses upcoming tariff policies, industry leaders are considering enhanced domestic manufacturing and increased U.S.-based investments to drive innovation and meet shifting market demands.   Recent discussions around […]

Automotive Industry, Indonesia, News

November 4, 2024

Indonesia is on the verge of making significant strides in the global electric vehicle (EV) supply chain, as it prepares to export battery precursor materials to major manufacturers, including Tesla Inc. Minister of Energy and Mineral Resources, Bahlil Lahadalia, announced that exports are expected to begin by January 1, 2025, marking a promising development for […]

Automotive Industry, Brazil, News

February 22, 2024

In recent news, a substantial investment exceeding $1.1 billion is on the horizon for Brazil’s automotive industry, as revealed by Brazilian President Luiz Inacio Lula da Silva. This significant financial injection follows a productive meeting between Lula and a prominent executive figure, held in the capital city of Brasilia.   The proposed investment aims to […]

Automotive Industry, China, Japan, News

January 31, 2024

In a significant industry development, China has officially taken the crown as the world’s largest vehicle exporter in 2023, surpassing Japan, according to data released by the Japan Automobile Manufacturers Association (JAMA).   The remarkable growth of China’s auto sector in recent years can be attributed to substantial investments in electric vehicles (EVs), a domain […]

Automotive Industry, News

January 30, 2024

Korea’s passenger car exports reached unprecedented levels in 2023, experiencing a remarkable increase of over 30 percent, primarily driven by the growing demand for eco-friendly models. According to data from the Korea Customs Service, domestic car manufacturers shipped passenger cars valued at $63.81 billion last year, a significant surge from the $49 billion recorded the […]

Automotive Industry, China, News

January 14, 2024

In a groundbreaking development, the Chinese car industry is poised to surpass Japan and emerge as the world’s largest auto exporter, according to the Chinese Passenger Car Association (CPCA). The CPCA reveals that prominent automakers like BYD Auto and Chery are experiencing a surge in overseas sales, contributing to a remarkable 62% increase in Chinese […]

Automotive Industry, Brazil, News

January 5, 2024

In a promising outlook for Brazil’s automotive sector, the local industry group ABVE announced on Friday that sales of fully electric and hybrid vehicles are poised to grow by a substantial 60% in 2024 compared to the previous year.   Representing key players in the electric automobile market, including Chinese giants BYD and Great Wall […]

Automotive Industry, Mexico, News

November 7, 2023

In a promising development for Mexico’s automotive industry, recent data from the national statistics agency INEGI has revealed a substantial increase in both production and exports in the month of October compared to the previous year.   Automotive production in Mexico surged impressively by 35.77%, reaching a total of 378,129 vehicles. Simultaneously, the country’s auto […]