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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