Suzuki Motor Corporation $7269.T, one of Japan’s major automotive manufacturers, has announced a temporary suspension of production for its popular compact model Swift — excluding the Swift Sport variant — from May 26 to June 6. This pause is attributed to supply shortages caused by China's tightened restrictions on rare earth metal exports, according to two sources familiar with the matter. Suzuki thus becomes the first Japanese automaker directly affected by these new export limitations imposed by China.

Hyundai Motor Co. $005380.KS and Kia Corp. $000270.KS, two of South Korea’s leading automotive manufacturers, have partially or fully exited their equity holdings in Ola Electric Mobility Ltd. $OLAELEC.NS, one of India’s most prominent electric vehicle (EV) startups.