Regional News
Malaysia car sales in 2021
January 20, 2022Malaysia car sales in 2021 – total industry volume at 508,911, over 20k down vs 2020, 95k less than 2019
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Indonesia to introduce new tax breaks on property, car sales
January 16, 2022Indonesia will introduce new tax breaks on property and automotive sales this year in a bid to accelerate its economic recovery from the COVID-19 pandemic as authorities prepare for the spread of the Omicron variant.
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VN auto manufacturers hit hard for last two years
June 6, 2021According to the Vietnam Association of Automobile Manufacturers (VAMA), sales in April 2021 of VAMA members reached 30,065 vehicles, down 3% compared to March 2021
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Philippine vehicle production rises 14% in 4 months
June 5, 2021Motor vehicle production in the country bounced back in the four months to April, growing by 14 percent from the same period last year when a strict lockdown was imposed and forced car assemblers to temporarily halt operations.
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Vingroup to close VinSmart electronics unit to focus on EVs
May 9, 2021Vingroup JSC is shuttering its electronics devices unit VinSmart just months after exporting smartphones to the United States as it ramps up production of electric vehicles.
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Vietnam carmaker VinFast says considering fundraising opportunities
April 14, 2021HANOI: Vietnam's first domestic car manufacturer, VinFast, said on Wednesday it is considering various fund raising opportunities and investments, including an equity investment via a special-purpose acquisition company (SPAC) or an IPO.
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March global sales slump spells trouble ahead for Japan's carmakers
April 28, 2020TOKYO (Reuters) - Global vehicle sales by Japanese automakers dropped by 34% in March when the coronavirus outbreak spread worldwide, and are set to fall further in the months ahead as the crisis continues.
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Chinese carmakers move into Myanmar to battle Japanese rivals
April 23, 2020Chinese carmakers are ramping up production in Myanmar as they go head to head with dominant and entrenched Japanese rivals in the fast-growing market.
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Japan automakers pump brakes on expansion worldwide
April 21, 2020Japanese automakers have put plant construction on hold around the world as the coronavirus outbreak spreads, reassessing plans to scale up capacity amid an increasingly clouded market outlook.
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South Korea's April 1-20 exports collapse as pandemic paralyses production, demand
April 21, 2020SEOUL (Reuters) - South Korean exports plunged nearly 27% in the first 20 days of April as the coronavirus health crisis paralysed global manufacturing activity and crushed consumer demand.
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Suzuki invests $100m to raise Myanmar production capacity
March 23, 2020TOKYO -- Suzuki Motor announced on Monday that it will increase production at one of its factories in Myanmar. It will introduce a new line for four-wheeled vehicles at its plant in southeastern Yangon that will handle tasks like painting car bodies. Suzuki has two factories in the country.
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China's auto industry stuck below 40% of production capacity
March 13, 2020BEIJING -- Chinese auto manufacturers are operating at less than 40% of capacity, even with most of their production facilities back online, an industry group said Thursday.
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Mazda shifts Thai SUV production to Japan as baht soars
December 22, 2019TOKYO -- Mazda Motor will review its production footprint in Thailand, Southeast Asia's top automotive hub, and move the assembly of some models to Japan, as the automaker combats the continued appreciation of the baht against key currencies.
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Southeast Asia's trans-regional corridor takes shape
December 2, 2019YANGON -- The opening of a new bridge between Thailand and Myanmar has pushed Southeast Asia one step closer to the realization of an East-West Economic Corridor, connecting the South China Sea to the Indian Ocean.
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Toyota to roll out first plug-in hybrid car in China
April 19, 2018NAGOYA, Japan -- Toyota Motor will unveil its first plug-in hybrid Corolla sedan and Levin compact car in China at the Beijing motor show, which opens April 25 in Beijing.
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Foreign electric cars favored in China but shakeout looms
March 20, 2018The gold rush triggered by the Chinese government's embrace of electric cars will lead to an industry shakeout that could see many of the market's current leaders left behind.
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January new-car sales climb 9% in key Southeast Asian markets
March 6, 2018New-car sales in six major Southeast Asian nations increased 9% on the year to 274,679 units in January, with the two largest markets of Indonesia and Thailand logging double-digit growth.
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Japanese headlight maker invests in China's expanding car market
Febuary 14, 2018The Japanese government will relax restrictions that hamper many gas stations from adding electric vehicle charging terminals, aiming to revitalize the distribution network and promote the spread of cars running on alternate fuels.
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