Chery to Invest USD 36.57 Million in Malaysia’s Electric Vehicles Industry
Malaysia is set to see a boost in its electric vehicle (EV) market, with China’s major automobile manufacturer Chery committing to an MYR 170 million (USD 36.57 million) investment. The move is expected to create 4,000 high-skilled jobs in Malaysia over the next five...
Foxconn Continues Expanding in Vietnam with Two New Projects
In July 2023, the Provincial People’s Committee of Quang Ninh Province authorized two Foxconn projects worth more than USD 246 million. The two manufacturing facilities, namely the Foxconn Quang Ninh FMMV factory and the FECV Foxconn Quang Ning factory, will be...
LG Electronics Establishes First Global R&D Center in Indonesia
In July 2023, LG Electronics Inc., the South Korean household appliance giant, launched its inaugural international research and development (R&D) center in Indonesia. The objective is to expedite TV manufacturing and sales across Asia. Situated in Cibitung, the...