Wholesale data compiled by the Indonesian Automobile Industry Association Gaikindo shows that in January this year, Indonesia’s new car sales fell from 69,619 in the same period in 2024 to 61,843, a year-on-year decrease of 11%. Thanks to a slight increase in private consumption and slowing growth in Indonesia’s government spending and fixed investment, the Indonesian economy grew 5.0% year-on-year in the fourth quarter of 2024, slightly higher than the third quarter of 2024. In January this year, the Indonesian central bank raised the VAT rate from 11% to 12%, and further lowered the benchmark interest rate by 25 basis […]
According to foreign media reports, data from the Japan Automobile Industry Association (JAMA) showed that in January this year, the new car market in Japan showed a strong recovery momentum, with sales increasing by more than 12% year-on-year to 376,255 units, compared with 334,876 units in the same period in 2024. Specifically, in January this year, passenger car sales in the Japanese market increased by 15% year-on-year to 328,205 units, while truck sales fell by nearly 3% year-on-year to 47,354 units, and sales of medium and large buses and long-distance buses also decreased by 8 years ago. […]
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 […]