According to Reuters, people familiar with the matter said that GM will close a factory in Shenyang, a northeastern city of China, as part of the company’s strategy for restructuring in the Chinese market. Sources inside the company revealed that the factory mainly produces Buick GL8 small van and Chevrolet Tracker SUV, which are exclusively for the Chinese market. General Motors cooperates with SAIC to produce brands such as Buick, Chevrolet and Cadillac in China. The closure of the Shenyang factory is part of the cooperation adjustment between the two parties, aiming to optimize resource allocation and enhance […]
According to foreign media reports, South Korea’s Hyundai Motor Group is preparing for US President Trump’s plan to impose tariffs on cars imported to the United States. The move highlights Hyundai Motor Group’s decades of commitment to this crucial U.S. market and adopts new strategies to increase U.S. local production. “Hyundai Motor Group is investing billions of dollars in the U.S. and creating tens of thousands of high-paying jobs in the U.S.,” Hyundai Motor CEO Jose Munoz said in a February 15 LinkedIn post. “We also passed 845 companies,” said Hyundai Motor CEO Jose Munoz. […]
According to foreign media reports, in the latest procurement forecast of the US State Department, there is no procurement plan for a $400 million armored electric vehicle related to Musk’s Tesla company. In December 2024, the procurement plan included a budget project to purchase “Armored Tesla”. The U.S. State Department procurement plan starts in 2025 and lasts for five years. Tesla has appeared in the document with BMW, and the U.S. State Department also plans to buy BMW’s armored X5 and X7 SUVs. But the file has been revised at present, and the BMW […]
Recently, GAC Group officially announced that its GAC Ogihara digital new factory (hereinafter referred to as the “digital new factory”) was held on February 15 at the Zhilian New Energy Industrial Park in Panyu District, Guangzhou. As a major project of “siege and village” in Guangzhou and the first batch of key projects of 7.8 billion yuan in Panyu District in 2025, GAC Oihara’s new digital factory is driven by the dual core “black lamp factory + intelligent manufacturing cluster” to build a modern production covering an area of 124 acres base. Relying on the geographical […]
According to foreign media reports, U.S. President Trump said he will announce new tariffs on cars imported to the United States around April 2, a matter of his reshaping global trade relations and promoting companies to transfer production to the United States. One of the series of measures. Trump revealed the news when he signed an executive order on energy policy on February 14. The move is the latest move to Trump to expand the trade war, as he is delivering on his campaign promise to impose extensive tariffs on U.S. allies and competitors. Recently, Trump also asked […]
According to foreign media reports, tariffs on electric vehicle batteries and materials imported from China increased by more than triple to 25% in 2024, forcing Volvo Cars to produce pure electric flagship SUV EX90 (the main model of Volvo) in the United States The pure electric version of XC90 is looking for domestic battery suppliers in the United States. The EX90 is assembled at Volvo’s factory in Ridgeville, South Carolina, USA, using batteries supplied by CATL. But Volvo Cars CEO Jim Rowan said higher tariffs put pressure on EX90’s profits. “We are currently working to find domestic […]