The South Korean government announced plans to invest KRW464.5 billion (approximately US$316 million) in the automotive sector in 2026, targeting research and development as well as infrastructure upgrades to accelerate the country's transition to next-generation vehicles. Key priorities will include end-to-end artificial intelligence (E2E AI) for autonomous driving, software-defined vehicle (SDV) standard systems, and extended-range electric vehicle (EREV) powertrains.
After the United States formally imposed a 15 percent import tariff on European automobiles, Germany's three largest carmakers—Volkswagen, BMW, and Mercedes-Benz—have found themselves forced to navigate a difficult trade-off between brand identity and geopolitical reality. Facing the same policy shock, the three companies have responded in markedly different ways, offering a revealing case study for global automakers and supply chains grappling with a more protectionist era.
As the global electric vehicle market grapples with mounting concerns over collapsing resale values, China—the world's largest and most experimentally regulated EV market—is moving decisively with a sweeping policy overhaul.
A single regulatory notice issued recently by China's Ministry of Industry and Information Technology has made the country the first in the world to formally declare the end of what might be called the automotive industry's "era of invisibility." Under the new rules, beginning Jan. 1, 2027, all new vehicles sold in China will be prohibited from using fully electric hidden door handles. The regulation effectively applies the brakes to an industry-wide push toward ever more electronic, futuristic design, forcing automakers to return to a basic principle of physical safety.
After Huawei transferred the "Aito" brand and related patents to Seres for CNY2.5 billion (approx. US$359 million), Seres has rapidly consolidated its position in China's fast-growing new-energy vehicle (NEV) market. While Huawei no longer owns the brand, it continues to provide Seres with technical and marketing support, including smart cockpit systems and advanced driver-assistance technologies.
Tesla reported fourth-quarter earnings on Wednesday that topped Wall Street's profit expectations despite the fact that its revenue had slipped and vehicle deliveries continued to decline.
The Covid-19 pandemic once sparked a wave of upgrades for personal computers and smartphones, fueling strong demand for semiconductors. However, it also exposed vulnerabilities in supply chains, leaving companies like TSMC entangled in the global automotive chip crunch and prompting the US and Europe to invite TSMC to build factories on their soil.
U.S. President Donald Trump announced a steep tariff hike on South Korean imports Monday, plunging Seoul into political chaos and delivering a stark message to US allies: domestic legislative delays will no longer be tolerated.
When US President Donald Trump erected a high wall of tariffs—and repeatedly adjusted its height—the stated goal was to protect the US industry. The unintended consequence, however, is that they have pushed some of the US's closest allies closer to China.
Mitsubishi Fuso Truck and Bus Corporation (MFTBC), a major Japanese commercial vehicle maker, has announced to establish a joint venture with Taiwan-based Foxconn.
