Toyota Motor Corporation is planning to take Toyota Industries Corporation private, through a tender offer (TOB) via its real estate company Toyota Fudosan, and personal funds from Toyota Motor President Akio Toyoda. The board of Toyota Industries has approved the TOB, which is expected to commence in early December 2025.

The Chinese government is preparing to introduce compulsory national standards based on the "Intelligent Connected Vehicle Combined Driving Assistance System Safety Requirements," with an official announcement expected on July 4, 2025, according to recent Chinese media reports.

Chinese officials summoned the heads of major electric vehicle makers, including BYD Co., to Beijing in early June to address concerns about the long-running price war, according to people familiar with the matter (hereinafter referred to as "the people").

China's automotive sector has descended into a brutal price war as the industry enters its traditional slow season, with more than 70 models from manufacturers including BYD, Geely, and Chery offering steep discounts in the week of May 23-30 alone.

India is reportedly in talks with companies to create long-term stockpiles of rare earth magnets and boost domestic production through fiscal incentives as it scrambles to secure critical materials amid China's tightening export controls, according to people familiar with the matter.

In recent weeks, China's tech ecosystem has been rattled by the revival of a decade-long rivalry between two industry heavyweights: Richard Yu, Executive Director and head of Consumer BG at Huawei, and Lei Jun, Xiaomi's founder and CEO. What began as a battle over smartphones has now spilled into the electric vehicle space, with pointed comments about quality and strategy sparking fresh debate across the industry.

Tesla is set to launch its first robotaxi service in mid-June 2025 in Austin, Texas, officially entering the competitive landscape of fully autonomous ride-hailing. The rollout marks a significant milestone for the electric vehicle giant — and the beginning of a direct face-off with Waymo, the Alphabet-owned self-driving subsidiary of Google.

Suzuki Motor has suspended production of its best-selling Swift series, excluding the Sport variant, at its Japanese plant starting May 26, 2025, as China's tightening of rare earth metal exports reverberates across the global automotive sector.

China's electric vehicle market has been thrown into fresh turmoil following a new round of steep price cuts from BYD, reigniting a heated price war and triggering public disputes among automaker executives. As EV makers scramble to clear excess inventory, Beijing has issued warnings over the mounting risks.

Chinese electronics giant Xiaomi is projecting a turnaround in its electric vehicle (EV) division, with profitability expected as early as the second half of 2025, CEO Lei Jun told investors this week.

China's electric vehicle market has entered a high-stakes phase, as Xiaomi and Huawei escalate their rivalry across pricing, product quality, retail footprint, and social media messaging. Their public sparring reflects growing concerns over market saturation and intensifying internal competition in the post-growth era of China's EV boom.

As global trade tensions resurface, Wall Street insiders have coined a new acronym — TACO (Trump Always Chickens Out) — to mock President Donald Trump's unpredictable tariff strategies, according to reports from CNN and the BBC. The label has struck a nerve with Trump, who views it as a direct challenge to his self-image as a tough, uncompromising negotiator.

Chinese electric vehicle giant BYD saw its market capitalization plunge in late May after initiating sweeping price cuts of up to 34%, fueling fears of a full-blown price war and prompting speculation over potential regulatory intervention. The aggressive strategy has raised alarms across the industry over the long-term health of China's electric vehicle sector.

India has issued detailed guidelines for the "Scheme to Promote Manufacturing of Electric Passenger Cars in India" (SPMEPCI), aiming to attract new investments from global EV manufacturers. Under the scheme, approved applicants must commit to a minimum investment of INR41.5 billion (approx. US$500 million) within three years, with the objective of establishing domestic manufacturing facilities for electric four-wheelers (e-4Ws).

China's car market has been grappling with the fallout from intense competition and cutthroat price slashing, forcing the government to repeatedly intervene. Misleading marketing language promising autonomous or smart driving has been banned since April 2024, and more recently China's Ministry of Commerce has hosted a conference with automakers and industry representatives to address the issue of zero-mileage secondhand cars.

Vietnamese electric vehicle maker VinFast plans to launch its VF6 and VF7 models in India ahead of this year's festival season, as it sets its sights on becoming a key player in the country's premium EV segment. The company has already invested US$500 million in a manufacturing plant in Thoothukudi, Tamil Nadu, and aims to ramp up annual production from 50,000 to 150,000 units in the coming years.

Yulon Motor convened its shareholders meeting on May 27, 2025, where President Kuo-hsing Hsu and Vice President Chien-hui Lee, who also chairs the Taiwan Transportation Vehicle Manufacturers Association, addressed pressing challenges facing Taiwan's automotive sector. In a post-meeting interview, both executives stressed the urgency of resolving tariff and commodity tax issues amid a shifting policy landscape and cooling consumer sentiment.

Yulon Motor held its annual shareholders' meeting on May 27, 2025, approving the company's 2024 financial results and unveiling ambitious plans to accelerate its electric vehicle (EV) export strategy. Chairperson Yen Chen Li-Lien announced that Yulon is working closely with strategic partners to secure contract manufacturing orders that will supply Mitsubishi Motors with EVs for export to Australia and New Zealand by 2026.

Xiaomi has previously leveraged the technical know-how of China's EV industry by packaging it into a sleek Porsche-like body at an affordable price with its SU7, and has followed the formula with its latest YU7, which evokes the luxury aesthetics of Ferrari and Aston Martin. Although pricing has yet to be determined, the announcement of the new model has generated significant excitement across China's internet.

Xiaomi reported strong progress in its electric vehicle (EV) and artificial intelligence (AI) businesses during its first-quarter 2025 earnings call on May 27, with company executives highlighting notable improvements in operational efficiency and a renewed commitment to long-term innovation through increased investment.

In recent weeks, Chinese automotive giant BYD has slashed prices on as many as 22 of its electric vehicle (EV) models, including both battery electric vehicles (BEVs) and plug-in hybrid electric vehicles (PHEVs). Price reductions have reached as high as 35%, with discounts set to run through the end of June. However, this relentless "race to the bottom" has raised serious concerns about the long-term sustainability of the industry.

Xiaomi posted strong first-quarter 2025 results, with net profit jumping 161.2% year-over-year to CNY10.92 billion (approx. US$1.52 billion), driven by booming EV and IoT sales. Revenue rose 47.4% to CNY111.29 billion, underscoring solid demand across its product lines and growing momentum in smart appliances and electric vehicles.

The automotive supply chain, battered by a challenging year in 2024, is finally showing signs of recovery, with component manufacturers leading the way into a period of renewed growth. While the automotive market cooled last year, the slowdown was not due to weak sales but rather to automakers' deliberate inventory reductions—a trend expected to reverse in 2025.

At its shareholders' meeting on May 27, 2025, Yulon Motor Chairwoman Yen Chen-Li-Lien announced the company posted revenue of NT$25.9 billion (US$867 million) in 2024, maintaining stable operations despite a challenging industry environment. She reaffirmed Yulon's long-term focus on new energy vehicles (NEVs), energy storage, and lifestyle ventures to sustain future growth.