South Korea’s Automobile Production Falls to Seventh in Global Rankings, Surpassed by China, US, Japan, India, Germany, and Mexico

March 11, 2025 – According to a report released today by the Korea Automobile Manufacturers Association, domestic car production in South Korea fell by 2.7% to 4.13 million vehicles in 2024, pushing the country down to seventh place in global rankings. The report revealed that South Korea was surpassed by China, the United States, Japan,…

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VinFast Emerges as a Promising Automotive Force in Vietnam, Attracting $1 Billion from Qatar

March 5, 2025 – According to a report by Reuters, Vietnamese conglomerate Vingroup has announced today that it has signed a memorandum of understanding (MoU) with private equity fund JTA Investment Qatar, outlining a planned investment of at least $1 billion (approximately 7.296 billion Chinese yuan) into its electric vehicle manufacturer, VinFast. VinFast, which is…

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Tesla Market Cap Slides Below $1 Trillion, Marking a 38% Drop from Its Peak

February 26, 2025 – Tesla shares tumbled 8.39% by the close of the US stock market, erasing over 280billionfromitsmarketcapitalizationandpushingitbelowthe1 trillion mark. The electric vehicle giant’s latest stock price settled at 302.8,markingasignificant38488. This decline has resulted in Tesla being ousted from the exclusive club of seven US tech companies, including NVIDIA, Apple, Microsoft, Alphabet, Amazon, Meta,…

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Tesla Cybercab Test Vehicles with Steering Wheels Make Frequent Appearances at Giga Texas

February 25, 2025 – The presence of Tesla’s Cybercab test vehicles has significantly increased at the company’s Giga Texas superfactory. This week, drone footage captured a growing number of these vehicles undergoing tests within the factory premises. Images shared by Joe Tegtmeyer on the X platform revealed Cybercabs being tested, notably featuring steering wheels. This…

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