The government is organizing a trade fair that will gather motor vehicle parts manufacturers in the country and Asean nations in its bid to increase the localization of auto parts. The Board of ...

The regulations on the automobile localization ratio will be abolished on October 10, after they have been in force for almost 20 years. On August 12, the Ministry of Science and Technology enacted a ...

The automotive industry's stringent safety and reliability requirements are presenting significant challenges to the Chinese government's ongoing push to increase the localization rate of auto parts, ...

After 30 years of auto industry development, Vietnam’s auto parts industry can turn out a mere 300 parts and components out of the total 30,000 needed for a vehicle. In early October, Vietnam will ...

In a key development for the country’s auto sector, Indus Motor Company Limited (INDU) announced that its board has approved an investment of around Rs3 billion (~$10.76 million) for enhancing the ...

[Asia Economy Yeongnam Reporting Headquarters, Reporter Song Jong-gu] EM Korea and STX Engine, defense companies representing Changwon Special City, Gyeongnam, have been selected for the strategic ...

A Tesla Model 3 displayed at the Guangzhou Autoshow on November 22 Photo: VCG Electric vehicle (EV) giant Tesla anticipates it will achieve 80 percent auto component localization at its Shanghai ...

Indigenization won’t help the country at this stage as the manufacturing scalability is not fully achieved. For India to gain efficiency in terms of scale and the supply chain will take some more time ...

Aims to achieve 50 percent localization. BMW India have announced that they will be increasing the parts localization for its vehicles by working together with several local components suppliers. This ...

India's electric mobility ambitions are about to face a new test. The government is poised to tighten localization rules for electric vehicle (EV) manufacturers within the next month, following ...

As key tariff deadlines draw near, several countries have secured trade agreements with the US, with the automotive sector playing a central role in the negotiations. Industry experts note that while ...

A Tesla Model 3 displayed at the Guangzhou Autoshow on November 22 Photo: VCG Electric vehicle (EV) giant Tesla anticipates it will achieve 80 percent auto component localization at its Shanghai ...