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GM Korea press conference at Changwon plant celebrating 2 million vehicle milestone and reaffirming commitment amid exit rumors.
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GM Korea dismisses exit rumors with 2 million vehicle milestone

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GM Korea dismissed rumors of withdrawal during a media briefing at its Changwon plant, reaffirming its commitment to local production as a small SUV hub. The company announced cumulative production of 2 million Trax Crossover and Trailblazer vehicles, with the factory operating at around 95% capacity year-round. It pledged a $600 million investment to bolster Korean operations.

Chinese memory module makers are accelerating production of consumer and enterprise products powered by domestic DDR5 chips. Breakthroughs from ChangXin Memory Technologies are moving through the supply chain. Firms like Powev have started mass production of server memories.

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Ford Motor Company has formally launched Ford Energy, a new wholly owned subsidiary focused on building container-sized battery systems for utilities and data centers. The move follows the company's December 2025 pivot away from certain EV plans and repurposes an underutilized Kentucky plant previously tied to an electric vehicle joint venture.

Das ägyptische Verkehrsministerium hat die Unterzeichnung zweier Vereinbarungen zwischen der Egyptian National Railways und der National Egyptian Railway Industries Company (NERIC) beaufsichtigt, die die Lokalisierung der Produktion von 500 klimatisierten Personenwagen sowie die Gründung eines Unternehmens für die Werkstätten von Kom Abu Radi vorsehen. Die Verträge wurden in der NERIC-Einrichtung im Beisein von Verkehrsminister Kamel Al-Wazir und Arbeitsminister Hassan Shehata unterzeichnet.

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Huawei und AIS haben eine Absichtserklärung unterzeichnet, um gemeinsam die lokale Fertigung von netzbildenden Batteriespeichersystemen (BESS) in Ägypten zu entwickeln. Die Allianz unterstützt den Ausbau der Infrastruktur für erneuerbare Energien in Ägypten sowie die nationalen Ziele zur industriellen Lokalisierung.

South Korea added 206,000 jobs in March, topping 200,000 for the second straight month. The number of employed people rose 0.7 percent from a year earlier to 28.79 million, data from the Ministry of Data and Statistics showed. Youth employment, however, declined for the 23rd consecutive month.

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In the ongoing Strait of Hormuz crisis, which began over a month ago with US and Israeli strikes on Iran, the strait reopened briefly before closing again this week. Oil prices remain elevated at US$100-105 per barrel, hitting China's transport and manufacturing sectors. Companies are delaying or cancelling orders to shield consumers from higher costs.

 

 

 

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