Asia-Pacific (APAC) countries such as China and India featured prominently within the filings of the companies throughout the third quarter (Q3) of 2023. Other key countries that also found substantial mentions include the UK, Brazil, and Mexico, reveals the Company Filings Analytics Database of GlobalData, a leading data analytics company.
GlobalData’s “Company Filings Analytics Trends & Signals – Q3 2023” report reveals that India and China emerged as key countries with high mentions. Moreover, both countries witnessed an improved sentiment.
Misa Singh, Business Fundamentals Analyst at GlobalData, comments: “The mentions of India and China related to industries such as automotive were driven by R&D, demand for EV and collaborations. Companies are focusing on the emerging markets with China and India both being the potential destinations for their business expansion strategies.”
For instance, Ford Motor Co discussed its plan to turn around and gain traction in China. The company’s internal combustion business is now profitable, and it has also restructured its EV business. The American automaker believes China is a competitive market but intends to succeed by partnering, competing in segments like commercial vehicles, off-road vehicles, large SUVs, and Lincoln.
Volkswagen AG plans to transform both Audi and Volkswagen brands in China. The German automobile manufacturer in partnership with Xpeng for Volkswagen plans to bring two new models in the upper segment in 2026. It is also in partnership with SAIC in Shanghai for Audi regarding sharing modules, components, and software technologies. Furthermore, Volkswagen also plans to increase its engineering capacities in the country.
In China, India, and the Asia-Pacific region, Stellantis NV has increased both its automated optical inspection (AOI) amount and margin to 14.8% and 9%, respectively. The Dutch auto giant is getting ready to launch Jeep Direct’s online sales in China and is expanding by producing Citroën Ë-C3 and Ë-C3 in India.
Waters Corp is opening a new Global Capability Centre in Bangalore, India, to expedite its efforts to achieve operational excellence and digitization. Furthermore, RPM International Inc is investing in new facilities in Southeast Asia and India serving multiple product lines.
Singh adds: “Apart from APAC countries, Mexico, the UK, and Brazil also saw substantial mentions. Companies are tapping into these regions and expanding their capacity to address the rising demand while improving service levels and increasing the value they can offer to their customers.”
Tesla Inc is working on infrastructure and factory design in parallel with the engineering development of the new production in Mexico. Mastercard Inc is collaborating with Paysend in the UK to enhance cross-border payments for SMEs. Nissan Motor Co Ltd announced to invest up to BRL 2.8 billion in Brazil to produce two new SUVs including all-new Kicks.
