Tag: Auto Industry
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Nigeria’s Car Imports Rebound: Nigeria Hits N1tn in Nine Months as FX Stabilizes
Nigeria’s Car Imports Rebound on the Back of FX Stability Nigeria’s importation of passenger motor cars has shown a notable rebound in 2025, driven by relative stability in the foreign exchange market that has relieved pressures on dealers and buyers. The latest foreign trade statistics from the National Bureau of Statistics indicate a sustained uptick…
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Nigeria Car Imports Rebound to N1tn in Nine Months Amid FX Stability
Overview: A Turnaround for Nigeria’s Auto Imports Nigeria’s importation of passenger motor cars has regained momentum in 2025, rising sharply as foreign exchange stability reduces the cost and uncertainty that had weighed on buyers and dealers. The latest foreign trade statistics from the National Bureau of Statistics show that imports of passenger vehicles surged, with…
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Nigeria’s Car Imports Rebound to N1tn in 9 Months as FX Stability Buoys Trade
Overview: A rebound in Nigeria’s car imports Nigeria’s importation of passenger motor cars has surged in 2025, reflecting improved stability in the foreign exchange market and easing pressure on both dealers and buyers. The latest foreign trade statistics from the National Bureau of Statistics (NBS) show a strong uptick in the value of passenger car…
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UK Unveils Critical Minerals Strategy to Cut China Dependency
UK announces a strategic move to secure critical minerals The UK has unveiled a comprehensive plan to reduce its reliance on China for critical minerals and rare earths. The strategy, led by the government and supported by industry partners, aims to strengthen domestic supply chains, safeguard essential industries, and diversify sources of materials used in…
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Hyundai to Invest KRW 125.2T in Korea Through 2030
Hyundai Unveils Record Domestic Investment Plan Hyundai Motor Group has announced a landmark commitment to invest KRW 125.2 trillion in South Korea from 2026 through 2030. The plan, described by executives as the largest-ever domestic investment push, signals a sweeping strategy to bolster local production, accelerate electric vehicle technology, and strengthen the country’s position in…
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When Will the US Finally Get $15K EVs? A Look at Affordable Electric Cars on the Horizon
Will we ever see a $15,000 electric vehicle in the United States? The idea of a sub-$15,000 electric vehicle (EV) in the United States has generated buzz for years. Advances in battery technology, scale economies, and new assembly approaches could eventually bring affordable EVs to the mass market. But several factors—battery costs, supply chains, safety…
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‘I’d do it all again,’ Dutch minister says after car chip standoff with China
Introduction: A standoff that could reshape Europe’s tech future The Dutch government found itself at the center of a high-stakes dispute over a Chinese-owned semiconductor company that many fear could alter the trajectory of the global auto industry. In a six-week confrontation that exposed the fragility of supply chains, national sovereignty, and strategic technology policy,…
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Toyota Opens US EV Battery Plant: A Landmark North Carolina Facility
Overview: A Milestone for Toyota and the US EV Push Toyota has officially begun production at its first electric vehicle (EV) battery plant in the United States, marking a significant expansion of its global battery strategy. The $13.9 billion facility in North Carolina represents the company’s first battery plant outside Japan and signals a deepening…
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Tata Motors’ CV Arm Goes Independent: A New Chapter in a Decade-Long Transformation
Two Independent Paths, One Shared Origin Tata Motors has officially listed its commercial vehicles (CV) arm as a standalone entity, marking the culmination of a decade-long transformation. Under the guidance of chairman N. Chandrasekaran, the move is framed as the creation of two robust, independent businesses built on a shared history but driven by distinct…
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Australia’s EV Boom: Electric and Hybrid Share Reaches New High as ICE Falls Below 70% for the First Time
Australia’s EV and Hybrid Momentum Gathers Pace Australia is witnessing a notable shift in its automotive landscape, with electric vehicles (EVs) and hybrids gaining ground while traditional internal combustion engine (ICE) cars lose a larger slice of the market. The latest quarterly sales data from the peak motoring body show that ICE vehicles have fallen…