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Honda Motor Co. said on August 21 that it is considering building a new assembly plant in the US to boost hybrid vehicle production, as part of a strategic restructuring following adjustments to its EV business. The move responds to strong hybrid demand in the US market while automakers face a slower-than-expected EV transition.
Chinese automaker Chery has acquired Nissan's plant in Africa, marking a strategic shift from exports to local production. The move targets Africa's growing EV demand, driven by urbanization, a rising middle class, and government support. This acquisition highlights Chinese automakers' long-term commitment to emerging markets.
Toyota Motor Corp. has stopped developing a new Lexus electric vehicle, sources said Friday. The decision reflects a broader reassessment of Toyota's EV strategy amid changing market demand and competition. No official reason or restart timeline has been given.
