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July global LV sales remained soft at a headline level, with marginal improvement in the annualized sales rate.
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GlobalData's full-year 2026 forecast for light vehicle sales in ASEAN revised up to 3.3 million units
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Chinese domestic brands also affected by concerns over hidden door handle safety.
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Blume said conditions in the sector were expected to deteriorate further in the coming years, increasing the need for measures to improve Volkswagen’s competitiveness.
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Geely is making progress with the tech and envisages SSBs with extremely high energy densities capable of very long ranges.
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According to a report by Nikkei Asia, the vehicle carries a price tag of VND148m ($5,650), which would make it one of the cheapest EVs sold in the country.
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The new Hino-Fuso holding company reported a 14% sales rise in the April-June quarter.
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Its local subsidiary, Mitsubishi Motors Philippines Corporation (MMPC), has begun sales of the Outlander PHEV as Mitsubishi expands its electrified vehicle portfolio in the Philippine market.
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The South Korean battery maker aims to free up capital for future growth businesses.
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The agreement covers Vietnam, Malaysia, Thailand, Indonesia and the Philippines, with room to extend to select global programmes beyond the region.
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