Hyundai Motor Company announced it has entered into a memorandum of understanding (MOU) with the Indonesian government to build its first manufacturing plant in the country. The company’s decision to invest in Indonesia will support its growth into new ASEAN markets, securing future growth engines to help the business combat slowing demand in the global [...]

The slowdown in global light vehicle (LV) sales shows no signs of abating this year. Last month a total 7.36 million vehicles were sold globally, which was 4.1 per cent lower than the 7.7 million sold in the same month last year. Year-to-date (YTD) sales of 74.2 million LVs have been recorded, which is 4.8 [...]

Plug Power, a leading provider of hydrogen engines and fuelling solutions enabling e-mobility, has announced a new agreement with Spanish hydrogen production and distributor Compañía Logística de Hidrocarburos (CLH). Through the agreement, CLH will develop hydrogen production assets and downstream markets in Spain, in the industrial, mobility and power production/storage sectors for distribution to Plug [...]

Volkswagen Group China, together with its Chinese partners, plans to invest over €4bn next year, with around 40 per cent of this investment going towards e-mobility. This will accelerate the Group’s electrification strategy, which will be strengthened next year through the start of production of models based on the modular electric drive toolkit MEB in [...]

Ford secured a clean-sweep of the light commercial vehicle awards season as the electrified Ford Hybrid Transit Custom line-up was named International Van of the Year (IVOTY) 2020, while the Ford Ranger won International Pick-up Award (IPUA) 2020. Ford is the first manufacturer to take both the IVOTY and IPUA titles in the same year [...]