Foxconn Kicks Off Building of EV Factory in Thailand

Foxconn Kicks Off Building of EV Factory in Thailand

Jan 22, 2023

Taiwanese contract manufacturer Foxconn has just commenced the construction of an electric vehicle (EV) plant in Thailand. The project, part of Foxconn’s  joint venture with Thai energy company PTT, is expected to start operations in 2024 and will have an...
Government Aims to Change East Coast Region into RV Industry Hub

Government Aims to Change East Coast Region into RV Industry Hub

Jan 22, 2023

The Ministry of International Trade and Industry (MITI) and the East Coast Economic Region Development Council (ECERDC) are looking to capitalize on the potential of the growing recreational vehicle (RV) industry to boost the region, and subsequently the Malaysian...
Hyundai Signs Aluminum Supply Deal with Indonesia’s Adaro Minerals

Hyundai Signs Aluminum Supply Deal with Indonesia’s Adaro Minerals

Jan 22, 2023

In November 2022, Hyundai Motor Company signed a deal with PT Adaro Minerals Indonesia Tbk, to secure a stable supply of aluminum, a key material required for electric vehicle manufacturing. The collaboration marks Hyundai Motor’s commitment to accelerating the...
Apple to Transform Vietnam into One of its New Manufacturing Hubs

Apple to Transform Vietnam into One of its New Manufacturing Hubs

Jan 22, 2023

Apple is looking to diversify its supply chain outside of China, with Vietnam, India, and Brazil forecasted to make up 30% of Apple supplier’s Foxconn output. Particularly, Vietnam has typically welcomed businesses eager to shift production away from China, including...
Japan’s Kurabe Industrial Expands Operations in the Philippines

Japan’s Kurabe Industrial Expands Operations in the Philippines

Jan 22, 2023

Japanese company, Kurabe Industrial, will be investing PHP 2 billion (USD 36.5 million) to expand its manufacturing facility in Lima Estate, Batangas province which is operated by Aboitiz InfraCapital (AIC). The investment will be to purchase a 5.9-hectare plot of...