Browsing: automotive industry

Kia Confirms EV4 Won’t Be Made in the USA

Kia has chosen to skip manufacturing the EV4 electric vehicle in the USA, opting instead to focus production on other strategic markets. This decision underscores their dynamic approach as global demand for EVs accelerates rapidly

GAC Sets Its Sights on Brazil: Exciting New Plant Coming in 2026!

Exciting news from GAC Group! The company is set to make a splash in the Brazilian automotive market, with ambitious plans to launch a state-of-the-art manufacturing plant by 2026. This strategic move not only enhances their global presence but also positions them perfectly to meet the surging demand for vehicles across South America.

BYD’s Stock Takes a Hit: 8% Drop Following Price Cuts in the EV Market

China’s BYD experienced a sharp 8% drop in its shares following the announcement of substantial price cuts designed to invigorate sales. This bold strategy, intended to sharpen its competitive edge in an increasingly crowded market, has sparked worries among investors regarding profit margins and the company’s long-term growth potential.