Chinese EV maker Neta Auto faces a severe financial crisis, raising concerns in Thailand, where it operates a local subsidiary. Neta claims its overseas operations remain unaffected, but Thai officials are monitoring the situation closely, according to the Bangkok Post and The Nation.
China's sustained backing of new energy vehicles (NEVs) has hit a roadblock, as widespread subsidy abuse and escalating price competition have forced several local governments to suspend EV incentive programs.
Tong Yang Industry's annual shareholders meeting on June 19 showcased its 2024 business report, noting record-high consolidated revenue and profit for the first five months of 2025.
Taiwan-based EV manufacturer RAC Electric Vehicles, a subsidiary of Mobiletron, is under scrutiny after one of its electric buses caught fire on June 16 while in motion through downtown Taipei. The incident, which resulted in the total loss of the vehicle but no injuries, prompted the company to launch an emergency response task force and suspend related operations pending investigation.
VinFast, a Vietnam-based EV maker, has announced a collaboration with Global Assure to enhance its customer service network throughout India. This partnership aims to provide comprehensive support and innovative mobility solutions to VinFast's expanding customer base in the country, according to an official press release.
Kinko Optical Co. is focusing its automotive strategy on external cameras used in ADAS and autonomous driving systems. In 2024, the company gained certification from global auto parts supplier Magna International, giving it access to a diverse portfolio of European car brands. Magna's European-centric shipping model also helps Kinko avoid tariff risks while enhancing growth prospects.
In April 2025, US consumer demand for battery electric vehicles (BEVs) saw its first decline in 14 months. The decrease is attributed to concerns about limited charging infrastructure, range anxiety, and uncertainty over government subsidies.
Chinese chipmaker Beijing SemiDrive Technology Corporation will begin supplying its flagship X9 smart cockpit processor to an unnamed European carmaker in late 2026—its first large-scale deal with a foreign original equipment manufacturer. The chips will power sedans and SUVs produced in Europe for distribution across Europe, the Middle East, and Africa.
India has reportedly instructed a state-run miner to suspend rare earth exports to Japan under a 2012 bilateral deal, aiming to secure a domestic supply and reduce reliance on China amid tightening Chinese export controls and rising global demand for critical minerals like neodymium used in electric vehicle magnets.
Tesla's global sales have sharply declined, with the US and European markets experiencing the steepest drops. Sources cite multiple contributing factors, including public tensions between CEO Elon Musk and US President Donald Trump, as well as intensifying head-to-head competition with China's BYD across major markets.
AESC, a Chinese-owned lithium battery manufacturer operating in the US, has suspended its plans to expand production at a key battery facility due to mounting political uncertainty and heightened US-China trade tensions. The move has sparked concerns over a potential supply disruption for BMW's next-generation EVs, which rely heavily on AESC's battery cells.
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