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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.

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.

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Il ministro dell'Industria Khaled Hashem ha incontrato una delegazione del gruppo turco Gürok per esaminare i piani relativi a una nuova fabbrica di articoli in vetro in Egitto, destinata ai mercati di esportazione.

Huawei e AIS hanno firmato un protocollo d'intesa per sviluppare congiuntamente la produzione locale di sistemi di accumulo dell'energia a batteria (BESS) di tipo "grid-forming" in Egitto. L'alleanza sostiene l'infrastruttura per l'energia rinnovabile dell'Egitto e gli obiettivi nazionali di localizzazione industriale.

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China's State Council unveiled a blueprint on Tuesday aiming to grow its service sector to 100 trillion yuan (US$14.7 trillion) by 2030, fusing software and steel to modernise advanced manufacturing and avert deindustrialisation. The plan spotlights 'producer services' such as specialised logistics, information technology and advanced research. Analysts say it will cultivate world-class Chinese brands and shore up the industrial backbone.

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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Volkswagen will stop producing the ID.4 electric SUV at its Chattanooga, Tennessee factory after mid-April, retooling the line for the gasoline-powered Atlas SUV. The move follows a sharp drop in ID.4 sales after the US ended clean vehicle tax credits. The company maintains sufficient ID.4 inventory through 2027.

 

 

 

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