TOKYO — What is the special characteristic of ever more popular Chinese electric vehicles? It may be aggressive economizing in the unseen nuts and bolts while maintaining a luxury experience for the passengers, a close examination of a high-end EV sold by Shanghai startup NIO shows. Founded in 2014, NIO designs and develops EVs, while… Continue reading Chinese EV matches luxury with cost-cutting guts, teardown shows
Author: Nikki News Feed
Toyota to start EV production in U.S. in 2025
NAGOYA, Japan — Toyota Motor will start producing electric vehicles in the U.S. state of Kentucky as early as 2025, Nikkei learned Tuesday, as it tries to capture growing demand for clean-energy cars. The Japanese automaker will update an existing factory to make electric models alongside gasoline-fueled autos. It intends to produce 10,000 electric sport utility vehicles monthly… Continue reading Toyota to start EV production in U.S. in 2025
China’s BYD poised to vie with Tesla in luxury EV market
GUANGZHOU — Chinese electric vehicle maker BYD is expanding operations overseas, setting a unit sales target for 2023 with an eye toward overtaking American rival Tesla. Operating in more than 40 nations including Japan and countries in Southeast Asia and Europe, BYD plans to sell nearly 2 million EVs this year. Go to Source
Nissan’s China EV game plan key to jump-starting stalled stock
TOKYO — Nissan Motor’s shares have yet to rally sharply even after the automaker managed to become equal partners with Renault, as investors await more solid growth strategies for the key U.S. and Chinese markets. Nissan’s board approved a deal Feb. 6 to make its alliance with Renault equal, lowering the French automaker’s stake in Nissan to 15% from 43% to… Continue reading Nissan’s China EV game plan key to jump-starting stalled stock
Toyota unit Hino Motors scraps plans to sell BYD electric bus in Japan
TOKYO — Toyota motor unit Hino Motors has abandoned plans to release a compact EV bus for the Japanese market that was to be supplied by Chinese electric vehicle leader BYD, the company said. The electric bus, dubbed the Hino Poncho Z EV, was scheduled to go on sale by March. Originally set for a spring 2022… Continue reading Toyota unit Hino Motors scraps plans to sell BYD electric bus in Japan
Hyundai, Wuling among manufacturers eyeing EV jump in Indonesia
JAKARTA — South Korean automaker Hyundai Motor and Chinese rival Wuling are optimistic their electric vehicle sales in Indonesia will grow this year, as more companies unveil EV brands on expectations of increasing demand in Southeast Asia’s biggest economy. EV offerings on display at the Indonesia International Motor Show, which opened on Thursday in Jakarta, showed a… Continue reading Hyundai, Wuling among manufacturers eyeing EV jump in Indonesia
Tesla recalls 362,000 U.S. vehicles over Full Self-Driving software
WASHINGTON (Reuters) — Tesla is recalling 362,000 U.S. vehicles because its Full Self-Driving Beta software may cause a crash, the National Highway Traffic Safety Administration said on Thursday. The auto safety regulator said the Tesla software allows a vehicle to “exceed speed limits or travel through intersections in an unlawful or unpredictable manner [that] increases the… Continue reading Tesla recalls 362,000 U.S. vehicles over Full Self-Driving software
Tata Motors goes all-out to defend EV lead in India
MUMBAI — Tata Motors, a trailblazer in India’s electric vehicle market, is doing everything it can to ensure it maintains the dominant position as the market grows and more competition emerges. This includes sticking to a low-price strategy even amid persistent inflation. When the automaker announced on Feb. 10 a small price hike for the… Continue reading Tata Motors goes all-out to defend EV lead in India
Honda, Mazda on bumpy path to profit recovery amid chip crunch
TOKYO — Japan’s auto companies are driving into another grim year despite posting upbeat quarterly results for the end of 2022 as chip shortages continue to shackle operations and the stronger yen threatens to weigh on their financial statements. Of the seven major Japanese automakers, six — Honda Motor, Nissan Motor, Suzuki Motor, Subaru, Mazda… Continue reading Honda, Mazda on bumpy path to profit recovery amid chip crunch
Shoichiro Toyoda, a humble car fan who set stage for Toyota’s global rise
TOKYO — He was the head of Toyota Motor. He led Japan’s most powerful business lobby. But contrary to his glittering resume, Shoichiro Toyoda was at heart a “car guy,” an engineer who just loved automobiles. He disliked showing off but had a keen sense for what was needed from him in each role. Go… Continue reading Shoichiro Toyoda, a humble car fan who set stage for Toyota’s global rise