International

Amidst the backdrop of a fierce price war in the Chinese automotive industry and alarming global overcapacity, the Geely Group has recently declared that it will not be constructing any new factories.

Suzuki is gearing up to launch an all-new SUV model, the Escudo. This sleek and dynamic SUV is set to shake up the small SUV segment, offering a fresh and exciting option for drivers seeking a blend of style, performance, and versatility. With its eye-catching design, spacious interior, and impressive performance capabilities, the Suzuki Escudo is poised to become a formidable contender in the highly competitive SUV market.

In late May, Huawei unveiled its luxurious all-electric sedan, the Maextro S800, to the Asian market.

The automotive industry and component suppliers worldwide are in a state of high alert as China tightens its grip on rare earth exports. These materials are critical in the production of magnets and numerous essential components for modern vehicles.

"Today, Green and Smart Mobility JSC (GSM) proudly launches its electric taxi service, Green GSM, in the Philippines. With this launch, GSM becomes the first electric taxi brand to enter the Philippine market, offering a sustainable and innovative transportation solution to the country."

In Vietnam, the Honda City continues to demonstrate consistent monthly sales performance, cementing its position as a stalwart in the local automotive market.

Volvo has unveiled tantalizing details about its upcoming mid-size electric SUV, the EX60. Slated for a 2026 release, the EX60 is poised to be a game-changer in the electric vehicle market, offering a perfect blend of performance, sustainability, and Scandinavian design aesthetics. With this reveal, Volvo is setting the stage for an exciting future in electric mobility, building on its legacy of innovation and style.

Suzuki has recently made headlines by halting the production of their beloved hatchback, the Swift, in Japan. This unexpected development comes amidst disruptions in the supply of rare earth materials due to export restrictions from China.

The Batman-inspired Mercedes-Benz CL55 AMG has just hit the international car market with a staggering price tag of €251,250 (approximately VND 7.5 billion, excluding the cost of the base car). This jaw-dropping vehicle turns heads with its unique design, paying homage to the world of superheroes.

Despite the mixed reactions to its design, Kia is exploring the possibility of developing an SUV that shares a platform with the recently launched strategic pickup, the Tasman.