SHANGHAI/BEIJING (Reuters) — China’s auto sales rose at their slowest pace in five months in October, from a weak base a year ago, as zero-COVID policies kept consumers away from showrooms and weighed on sentiment, while the effect of incentives for buyers also waned. The world’s biggest auto market posted sales of 2.51 million units… Continue reading China’s October auto sales rise at slowest pace in five months
Author: Nikki News Feed
GM unveils electric Cadillac in China
Automobiles Luxury car with handcrafted finishing will be sold via online platform The Cadillac Celestiq fuses electric technology and handcrafted luxury. (Photo by Tomoko Wakasugi) TOMOKO WAKASUGI, Nikkei staff writerNovember 10, 2022 04:53 JST | China SHANGHAI — Top American automaker General Motors showed off a lavish new electric vehicle at the China International Import… Continue reading GM unveils electric Cadillac in China
Nissan-Renault talks bog down on intellectual property concerns
TOKYO — Nissan Motor and Renault are not expected to reach an agreement by mid-November as hoped on reshaping their alliance, with questions lingering over Nissan’s intellectual property and the French government’s stance. “It is common sense in business to have discussions about intellectual property with your partners,” Nissan President and CEO Makoto Uchida said… Continue reading Nissan-Renault talks bog down on intellectual property concerns
Toyota enters Thailand’s EV market with long-range bZ4X
BANGKOK — Toyota Motor began selling its first mass-market electric vehicle in Thailand on Wednesday, taking advantage of government subsidies to gain a foothold on EVs in one of its most important markets. The bZ4X is Toyota’s first electric vehicle outside of its luxury Lexus brand. Go to Source
Honda and Nissan raise annual profit forecasts due to weak yen
TOKYO — Japanese automakers Honda Motor and Nissan Motor on Wednesday revised up their annual earnings projection as a weaker yen offsets high raw material costs, although both now expect unit sales to be worse due to continuing semiconductor shortages. Honda now expects a net profit of 725 billion yen ($4.97 billion) for the year… Continue reading Honda and Nissan raise annual profit forecasts due to weak yen
Renault seals deal with Geely but Nissan remains elusive
BEIJING (Reuters) — Renault SA and China’s Geely announced a 50-50 joint venture on Tuesday to supply gasoline engines and hybrid technology to their brands and other automakers, in the latest step in the French carmaker’s complex restructuring. As well as carving out its internal-combustion engine business to focus on electric cars, Renault is trying… Continue reading Renault seals deal with Geely but Nissan remains elusive
Tesla earns 8 times more profit than Toyota per car
NAGOYA — Tesla earned eight times as much profit per vehicle as Toyota Motor in the July-September quarter despite being outsold more than 7 to 1, a Nikkei analysis shows, putting the American electric-vehicle maker ahead in quarterly net profit for the first time since going public in 2010. Tesla reported a $3.29 billion net profit… Continue reading Tesla earns 8 times more profit than Toyota per car
Japan’s Murata to invest $305m in China factory, eyeing EV surge
KYOTO — Japan’s Murata Manufacturing plans to make its largest ever capital investment — 45 billion yen (around $305 million) — to build a factory in the Chinese coastal province of Jiangsu as it gears up to boost its production of multilayered ceramic capacitors (MLCCs). Murata plans to increase its MLCC capacity by about 10%… Continue reading Japan’s Murata to invest $305m in China factory, eyeing EV surge
Murata to invest $305m in China MLCC factory
TOKYO — Japan’s Murata Manufacturing plans to make its largest ever capital investment — 45 billion yen (around $305 million) — to build a factory in the Chinese coastal province of Jiangsu as it gears up to boost its production of multilayered ceramic capacitors (MLCCs). Murata plans to increase its MLCC capacity by about 10%… Continue reading Murata to invest $305m in China MLCC factory
Airshow China, ASEAN Summit, Singles’ Day
Welcome to Your Week in Asia. Regional leaders will meet for a series of summits in Cambodia later this week, including Chinese Premier Li Keqiang, who will be on his first overseas visit in three years due to COVID-19. U.S. President Joe Biden will also join the meetings as part of his trip to North… Continue reading Airshow China, ASEAN Summit, Singles’ Day