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Nearshoring has created a genuine, structural opportunity for Mexico in the LV industry.
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Renault is going big on electrified vehicles for its two subsidiary brands.
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A post-Brexit rule change could bring new 10% tariffs on most UK EV exports to the EU from next year.
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The investment confirms the automaker’s confidence in Niron Magnetics’ iron nitride technology.
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Vehicle production was heavily impacted by industrial action at Hyundai.
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The Geely-owned car maker said the programme will include seven models for Western markets and six designed specifically for China.
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The company’s turnover in India has risen by about 80% over the past five years, and it expects this to double again over the next five years.
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An initial fleet of all-electric Jaguar I-PACE vehicles is due to arrive in the country within the coming months as the firm establishes local operations.
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The facility will also draw on a digital transformation platform built to combine simulation data with physical-test results. Credit: Panasonic Holdings Corporation
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The newly appointed distributor is responsible for building Kim Long’s sales and aftersales network.
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