Europe's Battery Production Reaches New Milestone
2024/09/25
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SOUEAST Launches Flagship SUV S09 in Russian Market
SOUEAST announces the launch of its flagship SUV, the S09, in the Russian market, available in Comfort, Comfort Plus, and Premium trims. The top-spec Premium features a 2.0L turbo engine, 8-speed automatic transmission, and AWD, equipped with over 10 ADAS systems including adaptive cruise control and AEB. The vehicle also includes a 10.25-inch digital instrument cluster and a 15.6-inch multimedia screen, supporting Apple CarPlay and Android Auto.
Toyota FT-SE Production Model Expected in 2027 with BEV and Fuel Options
The Toyota FT-SE production model is expected to be launched in 2027, offering both BEV and fuel-powered versions. The BEV version will feature the latest tri-electric technology with over 500 horsepower, while the fuel version will be equipped with a 2.0T engine delivering 400 horsepower. Positioned above the SUPRA, the Japanese price is anticipated to be around 10 million yen, approximately 467,000 RMB.
Thailand Sets New Localization Thresholds for Electric Vehicle Industry
The Thai government has set new localization requirements for electric vehicle (EV) manufacturers to encourage the development of the domestic automotive industry. Companies wishing to enjoy tax incentives must start producing or assembling three key EV components—electric motors, reducers, and inverters—in Thailand by 2026. The government also offers corporate tax exemptions of up to eight years for international automakers that establish EV battery production lines in the country, and five years for those assembling batteries locally.
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Hyundai Vietnam Joint Venture Exports Palisade SUVs to Thailand
Hyundai Thanh Cong Vehicle Company (HTMV) announced the export of 110 Hyundai Palisade SUVs to the Thai market as part of a plan to export over 4,000 Hyundai vehicles to regional countries from 2024 to 2025. The Palisade, produced in Vietnam since September 2023, has established its position in the large SUV market with a luxury design and performance, an RVC rate over 40%, and enjoys ASEAN tariff preferences, giving it a competitive edge in exports.
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MG Unveils RX9 Globally and Announces Cyberster Launch in the Middle East at Jeddah Auto Show
MG showcased 14 models at the Jeddah International Auto Show, including the global debut of the MG RX9 and the regional debut of the MG 5, along with the announcement of the all-electric MG Cyberster's launch in the Middle East. The RX9, as the flagship SUV, features a 2.0L turbocharged engine, blending performance with comfort; the Cyberster demonstrates MG's commitment to the sports car market, offering an exhilarating driving experience.
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Ford Argentina Celebrates 60 Years of Mustang, New Generation Coming
Ford Argentina celebrated the 60th anniversary of the Mustang with a 500-person event at the Autódromo de la Ciudad de Buenos Aires. The new generation Mustang, set to launch in 2025 in Europe, India, and Japan, will feature the fourth-generation 5.0-liter V8 Coyote engine, making it the most powerful production Mustang ever with 492 horsepower and 556 Nm of torque.