Thailand, Southeast Asia’s largest auto production hub, is offering incentives to encourage joint ventures (JVs) in the automotive parts sector, specifically targeting electric vehicles (EVs). The Board of Investment (BOI) announced on Thursday that it …
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Nissan and Honda Join Forces to Develop Software Platform for EVs
Nissan and Honda, Japan’s second and third largest automakers, have announced a strategic partnership to develop a next-generation software platform for electric vehicles (EVs). The collaboration aims to enhance their competitiveness in the rapidly growing …
Continue readingBiden Gives $1.1 Billion to GM, Stellantis for EV Production
The Biden administration announced plans to award nearly $1.1 billion in grants to General Motors and Stellantis, the parent company of Chrysler, to convert existing plants for electric vehicle (EV) production and components. These grants …
Continue readingStellantis Italian Production Faces Sharp Decline as EV Incentives Fail to Boost Demand
Stellantis, the multinational automotive giant, is facing a potential decline in Italian production this year as demand, particularly for electric vehicles (EVs), remains sluggish. The FIM-CISL union predicts a drop to 500,000 vehicles, down from …
Continue readingBYD Acquires 20% Stake in Thai Dealer Rever Automotive, Deepening EV Market Presence
BYD Deepens Thailand Market Presence with Rever Automotive Acquisition Shenzhen-based automaker BYD has acquired a 20% stake in its Thai distributor, Rever Automotive, solidifying its position in the country’s rapidly growing electric vehicle (EV) market. …
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