NEW DELHI (Reuters) — Hyundai Motor’s India unit on Saturday sought regulatory approval for a stock market listing in Mumbai that could be the nation’s biggest. The application calls for the South Korean parent to sell a stake of up to 17.5% in the company. The IPO would make the Hyundai unit the country’s first… Continue reading Hyundai doubles down on India with IPO that could be country’s biggest
Author: Nikki News Feed
Honda and Mitsubishi Corp. to reuse EV batteries in electric grid
TOKYO — Honda Motor and Mitsubishi Corp. will establish a new company in July that will give a second life to used electric vehicle batteries in Japan, thus reducing the cost of driving an EV. The joint venture, Altna, aims to develop new services in anticipation of the broader use of EVs. According to a… Continue reading Honda and Mitsubishi Corp. to reuse EV batteries in electric grid
Stellantis partners with China’s CATL, Leapmotor on Europe EVs
FRANKFURT, Germany — Stellantis is partnering with battery manufacturer CATL and other Chinese players to produce electric vehicles and batteries at home in Europe, seeking to compete better against cheaper imports from China. The European Union recently announced additional tariffs of up to 38% on Chinese EV imports, citing unfair subsidies from Beijing. Stellantis, whose brands include… Continue reading Stellantis partners with China’s CATL, Leapmotor on Europe EVs
Honda, Nissan to be added to Nikkei 225 High Dividend Yield 50 Index
TOKYO — Nikkei will add Honda Motor, Nissan Motor and seven other shares to the constituents of the Nikkei 225 High Dividend Yield Stock 50 Index on June 28 as part of periodic review, the index provider said on Friday. Hitachi Construction Machinery, Casio Computer and Astellas Pharma are also among the new additions. Mitsui… Continue reading Honda, Nissan to be added to Nikkei 225 High Dividend Yield 50 Index
Toyota chair to be tested at annual meeting over certification scandal
TOKYO — Toyota Motor will hold an annual shareholders meeting next week, but some investment advisories are opposing Chairman Akio Toyoda’s reelection to the board. The Japanese auto giant is facing headwinds as a result of the group’s irregularities in safety tests, putting Toyoda’s leadership to the test as well. Go to Source
Tesla shareholders approve Elon Musk’s $56bn pay package
(Reuters) — Tesla shareholders approved CEO Elon Musk’s $56 billion pay package, the electric vehicle maker said on Thursday, a big thumbs-up to his leadership and an enticement for keeping his focus on his biggest source of wealth. Shareholders also approved a proposal to move the company’s legal home to Texas from Delaware, Tesla said at its… Continue reading Tesla shareholders approve Elon Musk’s $56bn pay package
Apple enters AI era and EU adds EV tariffs
Hi, this is Yifan from Silicon Valley, your #techAsia host this week. Like many tech reporters, it has been a crazy busy few weeks for me as every major player in the space, from OpenAI to Google, unveiled their latest AI developments. And this week is Apple’s time to shine. At its annual developer conference,… Continue reading Apple enters AI era and EU adds EV tariffs
EV tariffs expected to slow but not halt China’s drive into European market
HONG KONG — The European Union’s new tariffs on China-made electric vehicles may throw up some roadblocks for Chinese manufacturers looking to boost sales in the region, but the likes of BYD are expected to remain competitive against local producers. The European Commission said on Wednesday that it will impose provisional tariffs on Chinese EVs… Continue reading EV tariffs expected to slow but not halt China’s drive into European market
China’s BYD harnesses EV tech to make fast-charging people movers
GUANGZHOU — Electric vehicles aren’t the only business on wheels that is growing for China’s BYD. A ship carrying five BYD monorail cars set sail in May from China’s Jiangsu province, headed for Brazil. The cars will be used on a 17.7-kilometer line being built by the Sao Paulo Metro. The line will reportedly begin… Continue reading China’s BYD harnesses EV tech to make fast-charging people movers
EU slaps additional duties of up to 38% on Chinese EVs
LONDON/BRUSSELS — The European Commission announced on Wednesday import tariffs of up to 38% on Chinese electric vehicles, after its investigation found that producers in China benefited from “unfair subsidies” throughout their supply chains — from lithium refining to the transportation of the final products. But in a sign that European Union members may struggle to… Continue reading EU slaps additional duties of up to 38% on Chinese EVs