Toyota Ramps Up EV Game with 15 Models by 2027, Eyes 1M Units
In a quiet yet ambitious push towards the electric future, Toyota is reportedly gearing up to roll out around 15 electric vehicle (EV) models by 2027, with plans to ramp up production to 1 million units per year, according to a Nikkei report. While Toyota hasn’t officially confirmed the figures—opting
Hefty U.S. Tariffs Threaten Southeast Asia’s Economic Gains
Southeast Asian countries found themselves grappling with economic shockwaves on Thursday as they faced some of the highest tariffs imposed by the U.S. President Donald Trump. These hefty duties now threaten the economies that previously thrived on investments since Trump’s first-term tariffs on China redirected manufacturing to the region. Vietnam,
BYD Gears Up for Korean Market with 30 Sales Outlets
BYD Co. is planning to expand its sales network in South Korea, a market currently dominated by local automotive giants Hyundai Motor Co. and Kia Corp., as part of its strategy to boost deliveries beyond its home base in China. “We aim to increase our sales network to 30 outlets
UMC Launches $5 Billion Chip Plant in Singapore
Taiwan’s second-largest chipmaker, United Microelectronics Corp (UMC), has just marked a major milestone by opening a cutting-edge semiconductor plant in Singapore. The new facility, worth a whopping $5 billion, is set to bolster UMC’s global production capacity amid a booming demand for advanced chips. Located in the Pasir Ris Wafer
Renault Takes Full Ownership of Indian JV with Nissan
Renault Group announced on Monday that it will acquire the remaining 51% stake in Renault Nissan Automotive India Private Ltd (RNAIPL), currently held by Nissan Motor Corp, making Renault the sole owner of the company. This move is part of an ongoing restructuring of their partnership. As part of the
Thailand Sets Sights on Reducing Trade Surplus with the U.S.
In a move to balance trade relations, Thailand is looking to cut down its trade surplus with the United States to $20 billion. The plan? More U.S. products—specifically agricultural goods like corn, soybeans, and ethylene- are being imported. This initiative aims to address trade disparities while aligning with evolving U.S.
Foxconn Shifts Gears: Hosting Japan Seminar to Unveil EV Vision
Foxconn, best known for assembling iPhones and AI servers, is shifting focus to the road ahead—literally. The Taiwanese manufacturing giant is hosting a seminar in Japan on April 9 to outline its electric vehicle (EV) strategy, aiming to strengthen ties with Japanese automakers after landing a major deal with Mitsubishi
JSW Steel Achieves Milestone as World’s Top Steel Firm
JSW Steel has emerged as the world’s most valuable steel company, overtaking global competitors with an impressive market capitalisation of $30.31 billion or ₹2.579 trillion. The milestone highlights the company’s steady growth and dominance in the global steel industry, positioning it as the leader in the mineral-based sector. The company’s
Han Jong-hee, Samsung’s Co-CEO, Dies of Cardiac Arrest
South Korean tech giant Samsung is grappling with the sudden loss of its CEO, Han Jong-hee, who passed away at the age of 60 due to cardiac arrest. Han, who had been a pivotal figure in the company’s leadership team, died unexpectedly, leaving a void in Samsung that will be
Segway Recalls 220,000 Electric Scooters Over Folding Defect
Segway, the Chinese-owned company once known as an American innovator in personal transportation, has announced a major recall affecting around 220,000 units of its popular Ninebot Max G30P and Max G30LP scooters. The reason? A potentially dangerous flaw in the folding mechanism. According to the U.S. Consumer Product Safety Commission
