SHANGHAI (Reuters) — Tesla suspended production at its Shanghai plant on Saturday, according to an internal notice and two people with knowledge of the matter, bringing ahead a previous plan to pause most work at the plant in the last week of December. The U.S. automaker canceled the morning shift and told all workers at… Continue reading Tesla suspends production at Shanghai plant amid COVID wave
Author: Nikki News Feed
Huawei licenses key tech to major European automakers
TAIPEI — Huawei has licensed technology to top automakers including Mercedes Benz, Audi, BMW and Porsche as the Chinese tech company seeks to turn its trove of patents into a new revenue source amid a U.S. clampdown on its core businesses. The patent licensing agreements, reached during the second half of 2022, mean Huawei technologies… Continue reading Huawei licenses key tech to major European automakers
Tesla, Tata and others tout affordability as Asia’s EV race heats up
MUMBAI/HANOI — Asia’s electric vehicle market is set to take off in 2023, as automakers from BYD to Tata and Tesla offer more affordable options to capture demand among consumers in emerging countries. Indian carmaker Tata Motors will start delivering the Tiago electric hatchback, which local media have dubbed the “most awaited” car in India, in January.… Continue reading Tesla, Tata and others tout affordability as Asia’s EV race heats up
Tesla, Toyota questioned on China supply chain by U.S. lawmakers
WASHINGTON (Reuters) — The U.S. Senate Finance Committee asked eight major automakers, including General Motors, Tesla, Ford Motor and Honda Motor, to answer questions about their Chinese supply chains, according to letters made public on Thursday. In June, a U.S. law took effect banning the import of forced-labor goods from Xinjiang, in a pushback against… Continue reading Tesla, Toyota questioned on China supply chain by U.S. lawmakers
Toyota to launch EV tailored to emerging markets around 2023
BANGKOK — Toyota Motor will add an electric vehicle for the first time to its lineup of strategic models geared toward emerging economies as early as next year in Thailand, where the automaker is defending its traditional stronghold from Chinese and South Korean rivals. The step is part of the Japanese company’s multipronged approach to… Continue reading Toyota to launch EV tailored to emerging markets around 2023
EV battery maker LG Energy allots $3bn to boost South Korea plant
SEOUL — LG Energy Solution will invest 4 trillion won ($3.07 billion) to expand a factory in South Korea that produces batteries for electric vehicles, the company said Monday, a move seen as increasing its supply to main customer Tesla. The news also suggests that LG Energy is easing its push into North America, focusing… Continue reading EV battery maker LG Energy allots $3bn to boost South Korea plant
Nissan to use ‘green’ metals from Kobe Steel in domestic cars
TOKYO — Nissan Motor will use “green” steel and aluminum supplied by Kobe Steel in its domestic car brands to lower carbon dioxide emissions in its supply chain, the companies announced on Monday. Nissan plans to use Kobenable Premier, a steel product launched in May by major Japanese steelmaker Kobe Steel that eliminates CO2 emissions from the manufacturing process, in… Continue reading Nissan to use ‘green’ metals from Kobe Steel in domestic cars
Subaru to halt development of plug-in hybrid vehicles
TOKYO — Subaru will halt development of plug-in-hybrid vehicles to focus on electric and hybrid vehicles for its clean-energy products, Nikkei has learned. The move is aimed at reducing the cost of developing clean-energy vehicles. Many automakers are struggling to offer vehicles powered in a variety of ways, including plug-in hybrids, hybrids and electric cars.… Continue reading Subaru to halt development of plug-in hybrid vehicles
Malaysia parliament convenes, Japan approves draft budget, Nio Day
Welcome to Your Week in Asia. Anwar Ibrahim, Malaysia’s new prime minister, will convene a parliamentary session on Monday, prepared to face a vote of confidence. The Japanese government is due to unveil a draft budget of more than 100 trillion yen for the fiscal year starting in April that will likely be the largest… Continue reading Malaysia parliament convenes, Japan approves draft budget, Nio Day
Toyota Prius tries again in U.S. but without going all-electric
DETROIT — The original Toyota Prius has had a big impact on the U.S. car market over the last two decades, but the question now is whether the fifth-generation hatchback can rebuild a declining market for the once wildly popular hybrid. Toyota is about to find out after launching the latest version of the Prius… Continue reading Toyota Prius tries again in U.S. but without going all-electric