SHANGHAI — Chinese electric vehicle giant BYD will launch its new luxury brand Yangwang in the January-March quarter of next year, looking to expand beyond its base of mass-market vehicles. At a media event in Shanghai on Thursday, the automaker said the first model released under the new brand will be an off-road SUV, priced at… Continue reading China’s BYD enters luxury EV market with SUV priced up to $200,000
Author: Nikki News Feed
India’s Mahindra plans $1.2bn plant to accelerate EV push
BENGALURU — Indian automaker Mahindra & Mahindra plans to invest 100 billion rupees ($1.2 billion) to set up an electric vehicle factory in the west of the country, accelerating its drive into a sector that is expected to grow rapidly in the coming years. Mahindra, along with local rival Tata Motors, is rushing to beef up… Continue reading India’s Mahindra plans $1.2bn plant to accelerate EV push
Toyota to power Aichi factory in Japan with wind
NAGOYA, Japan — Toyota Motor will begin operating a wind power facility at its plant in Aichi prefecture, in central Japan, next year as it aims to make all its factories at home and abroad carbon neutral by 2035. The Japanese carmaker will install five wind turbines, each 120 meters in diameter and up to… Continue reading Toyota to power Aichi factory in Japan with wind
Panasonic agrees to supply EV batteries to Lucid Group
TOKYO (Reuters) — Tesla battery maker Panasonic Holdings on Tuesday said it had concluded an agreement to supply lithium-ion batteries to electric vehicle maker Lucid Group as the Japanese company seeks to expand its customer base. “Partnerships with technology-leading EV manufacturers such as Lucid are critical to our mission,” Kazuo Tadanobu, the head of Panasonic’s energy business said in a press release. Nearly… Continue reading Panasonic agrees to supply EV batteries to Lucid Group
Japan weighs axing tax breaks for pure gasoline cars in 2025
TOKYO — Japan is set to exclude pure gasoline vehicles from tax breaks irrespective of fuel economy performance starting in 2025, Nikkei has learned. The government and the ruling coalition are making final adjustments in tightening the rules for eco-car tax breaks in an effort to accelerate a shift to electric and hybrid cars in… Continue reading Japan weighs axing tax breaks for pure gasoline cars in 2025
Nissan-Renault talks likely to drag into 2023 over patent impasse
TOKYO — Negotiations to reshape the alliance between Nissan Motor and its French partner Renault are now likely to continue into next year after the two sides missed yet another target date over disagreements regarding intellectual property. Hoping to finalize and unveil a new deal early this month, Nissan and Renault had even discreetly secured… Continue reading Nissan-Renault talks likely to drag into 2023 over patent impasse
Hyundai’s Chung Euisun drives new era at South Korean automaker
SEOUL — An unusual guest visited Hyundai Motor Group’s headquarters in southern Seoul in June. Oh Eun-young, South Korea’s most famous psychiatrist and a TV celebrity, was invited by the automaker to speak with its employees at a company talk event. At the end, Executive Chair Chung Euisun posed a question. “How can we improve… Continue reading Hyundai’s Chung Euisun drives new era at South Korean automaker
Hyundai and SK to build U.S. EV battery plant in Georgia
Automobiles Facility is first fruit of a North American partnership announced in November Hyundai Motor’s plans for a electric-vehicle battery factory mark its latest EV-related investment in Georgia. © Reuters JACK STONE TRUITT, Nikkei staff writerDecember 9, 2022 03:19 JST | U.S. NEW YORK — Hyundai Motor Group and partner SK On will build a… Continue reading Hyundai and SK to build U.S. EV battery plant in Georgia
Honda taps China’s EV battery king CATL for 7-year supply deal
GUANGZHOU — Honda Motor struck a seven-year agreement for China’s Contemporary Amperex Technology (CATL) to supply batteries powering over 1 million electric vehicles, the Japanese automaker said Thursday. CATL, the world’s largest producer of EV batteries, will supply them to one of Honda’s Chinese joint ventures from 2024 to 2030. The value of the deal was not disclosed. Go to… Continue reading Honda taps China’s EV battery king CATL for 7-year supply deal
Hitachi Metals developing EV motors with less China rare earths
TOKYO — Hitachi Metals is working with manufacturers to develop motors for electric vehicles that use fewer rare earth metals, which are largely obtained from China, Nikkei has learned. The listed subsidiary of Hitachi aims to replace magnets that use neodymium, the strength of which plays a crucial part in making high-performance motors. Hitachi’s alternative… Continue reading Hitachi Metals developing EV motors with less China rare earths