HONG KONG, June 18, 2026 /PRNewswire/ — At the 2026 Hong Kong International Auto Expo, GAC officially unveiled the “Hong Kong ACTION 2.0” plan upgrade. Under the theme “All New GAC, Going Global,” GAC showcased its systematic advancements across energy services, digital ecosystems, and intelligent mobility. Wei Haigang, President of GAC International, emphasized that GAC is…
Chinese automakers seek the site for overseas capacity as US tariffs disrupt Mexico trade. Credit: Gorodenkoff / Shutterstock.com Chinese carmakers BYD and Geely and Vietnam’s VinFast are finalists to acquire a Nissan-Mercedes-Benz vehicle plant in Aguascalientes, Mexico. The three companies advanced from nine bidders, which also included Chinese manufacturers Chery and Great Wall Motor, according…
Hong Kong IPOs 2025: Market views, mega deals, emerging trends Hong Kong cemented its status as the world’s leading initial public offerings venue in 2025, marking a year of momentum, progress and transformation. By mid-December, the market had raised HKD274.6 billion (USD35.2 billion) from 106 new listings, with four of the world’s top 10 IPOs…
Nexperia produces high-volume, widely used semiconductors for vehicles and other electronics. Credit: T. Schneider / Shutterstock.com China has ended export restrictions on Nexperia chips, easing a supply bottleneck and pointing to a de-escalation in the dispute over the Dutch-based semiconductor firm. Germany’s Aumovio, an automotive supplier that had faced supply chain strain due to the…
The European automotive sector is entering a new era—one where robots assemble cars, AI predicts failures before they happen, and smart factories set record efficiency benchmarks. According to Renub Research, the Europe Automotive Robotics market is forecasted to surge from US$ 2.95 billion in 2024 to US$ 7.37 billion by 2033, expanding at a strong…
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Simmering tensions with China look poised to deliver another blow to European industry. In the latest flashpoint, the Dutch government’s move to sideline chipmaker Nexperia’s Chinese owners has triggered a response from Beijing that threatens to restrict key supplies for carmakers. As China cut Nexperia’s Chinese factory off from the Dutch parent, the company has…
China is consolidating its dominance in the global industrial robotics market, accounting for 41% of the world’s operational robot stock and more than half of all new installations in 2024, according to new data from the International Federation of Robotics (IFR). The country added 295,000 industrial robots in 2024 alone — more than the rest…
Wingtech Technology Co. plunged its daily limit of 10% after the Dutch government moved to exert control over its European unit Nexperia, an unusual move that risks inflaming tensions between China and Europe. The Dutch government invoked the Goods Availability Act to take control of the Netherlands car chipmaker in September, citing national security concerns….
According to Renub Research Latest Report automotive actuators market is projected to reach US$ 49.31 billion by 2033, up from US$ 27.51 billion in 2024, registering a CAGR of 6.70% between 2025 and 2033. This robust growth is primarily driven by the increasing adoption of electric vehicles (EVs), autonomous systems, and advanced driver-assistance systems (ADAS)….