SEOUL — South Korea’s three major battery makers greatly expanded their revenues last year on a heavy backlog of orders, the latest earnings reports show, though upfront investments and higher costs pushed SK Innovation’s battery unit deeper into the red. LG Energy Solution, the world’s second-leading supplier of batteries for electric vehicles, reported a 43%… Continue reading South Korea’s 3 battery giants supercharge revenue on order backlog
Author: Nikki News Feed
Vietnam EV maker VinFast delays U.S. sales until late February
HANOI — Vietnamese auto manufacturer VinFast will postpone the release of its electric vehicles in the U.S. until late February due to delays in software updates. The company, part of conglomerate Vingroup, originally planned to start selling its VF8 sport utility vehicle by the end of December. Go to Source
Nissan-Renault’s reworked alliance: 4 things to know
TOKYO — When Nissan Motor and Renault announced their revamped alliance on Monday with a list of potential joint projects on electric vehicles and in emerging markets, their chiefs radiated an air of exhilaration as they touted the “transformation” of their 24-year-old partnership. This followed monthslong discussions in which the two major carmakers, along with their third member,… Continue reading Nissan-Renault’s reworked alliance: 4 things to know
China’s Geely won’t join Renault’s EV company, says French carmaker
HONG KONG — Chinese automaker Geely Automobile Holdings will not join Renault’s new electric-vehicle division, Renault’s CEO said Monday after his company and Nissan Motor announced a reset of their alliance. “We are not planning to let Geely enter into Ampere,” Luca de Meo said, referring to the new unit for Renault’s EV technology and… Continue reading China’s Geely won’t join Renault’s EV company, says French carmaker
China’s Geely won’t join Renault’s EV company: CEO Luca de Meo
HONG KONG — Chinese automaker Geely Automobile Holdings will not join Renault’s new electric-vehicle division, Renault’s CEO said Monday after his company and Nissan Motor announced a reset of their alliance. “We are not planning to let Geely enter into Ampere,” Luca de Meo said, referring to the new unit for Renault’s EV technology and… Continue reading China’s Geely won’t join Renault’s EV company: CEO Luca de Meo
Nissan, Renault redo partnership to tackle industry’s challenges
TOKYO — Nissan Motor and Renault will now take on the ever-stormy auto industry as equals, balancing out a 24-year-old capital relationship in which the French automaker owns 43% of its Japanese partner and Nissan holds a 15% stake in the French company. Nissan had grown increasingly uncomfortable with the arrangement, which gave Renault voting… Continue reading Nissan, Renault redo partnership to tackle industry’s challenges
Toyota targets the rich with new Century, Lexus models in Japan
NAGOYA, Japan — Toyota Motor plans to flesh out its lineup of large ultraluxury vehicles in Japan, in a bid to capture a downturn-resilient market and upgrade its brand image. The company plans to release an SUV version of the Century luxury model focused on the Japanese market, as well as a minivan under the… Continue reading Toyota targets the rich with new Century, Lexus models in Japan
Indonesia’s nickel riches spur local company EV, battery ambition
JAKARTA — From coal miners to conglomerates, Indonesia’s burgeoning electric vehicle and battery scene is attracting broad local corporate interest buoyed by the country’s rich nickel resources and government promises of incentives. The involvement comes as global EV makers including China’s BYD and Tesla of the U.S. have either signed or are “finalizing” deals to… Continue reading Indonesia’s nickel riches spur local company EV, battery ambition
Tesla prepares new Silicon Valley office to recruit AI talent
PALO ALTO, U.S. — Tesla is close to setting up a large office in the middle of Silicon Valley, Nikkei has learned. In late January, Nikkei spotted a small street-level sign at the entrance to a large office building along an avenue with a view to Hoover Tower, a Stanford University campus landmark. The sign bore… Continue reading Tesla prepares new Silicon Valley office to recruit AI talent
Soccer star Keisuke Honda’s fund invests in India-focused EV startup
MUMBAI — Former Japanese soccer star Keisuke Honda’s venture capital fund recently invested in Terra Motors, a Japanese manufacturer and seller of three-wheeled electric vehicles with a focus on India. The size of the investment from KSK Angel Fund has not been disclosed but is believed to be small. Go to Source