JAKARTA/MOROWALI, Indonesia — A group of fishermen and their wives looked forlorn on the porch of their stilt houses, perched on the sandy coast of Indonesia’s remote Bahodopi district. Their homes, along with the few dozen others that make up the fishing hamlet, stood against a backdrop of towering cranes and billowing white smoke from… Continue reading Dirty metals for clean cars: Indonesian nickel could be key to EV battery industry
Author: Nikki News Feed
Renault CEO calls for ‘more equal’ partnership with Nissan
PARIS — Renault CEO Luca de Meo told Nikkei that he believes the relationship between the French automaker and Japan’s Nissan Motor needs to be “more equal.” Renault is in talks to reduce its stake in Nissan from the current 43%. He mentioned the need to “open another chapter [in the automakers’ alliance],” noting that… Continue reading Renault CEO calls for ‘more equal’ partnership with Nissan
Foxconn to expand EV production in Thailand and U.S.
TAIPEI — Apple supplier Foxconn is stepping up the expansion of its nascent electric vehicle business in Thailand, the U.S. and Taiwan as part of its plans to diversify from its flagship iPhone assembly business and its biggest manufacturing base in China. The Taiwanese group unveiled two EV prototypes — a pickup truck and a… Continue reading Foxconn to expand EV production in Thailand and U.S.
BYD rolls into Europe’s EV scene to take on VW and Tesla
PARIS — China’s BYD, second only to Tesla in global sales of electric vehicles, has officially moved to ramp up the competition against Western rivals on their home turf in Europe. BYD announced the launch of three EVs in the European market at Monday’s press day for the first Paris Motor Show in four years. By… Continue reading BYD rolls into Europe’s EV scene to take on VW and Tesla
Bridgestone aims to start tire recycling with new tech by 2030
TOKYO — Bridgestone plans to finish developing a new technology for recycling tires as early as 2030 in a bid to reduce the carbon footprint in the automotive supply chain. The Tokyo-based company aims use a process of chemical recycling that breaks tire materials down to the molecular level for reuse. Tires are first melted,… Continue reading Bridgestone aims to start tire recycling with new tech by 2030
Toyota to aggregate $20bn of its Japanese dealers’ loans
TOKYO — Toyota Motor will consolidate funding for its approximately 5,000 dealers in Japan next year to ensure favorable treatment from financial institutions. Rising interest rates and uncertainty in financial markets has put small dealers at a particular disadvantage. Some 250 companies operating as Toyota-affiliated dealers individually borrow from regional banks and other financial institutions… Continue reading Toyota to aggregate $20bn of its Japanese dealers’ loans
Sony, Honda say EV tie-up will turn cars into entertainment space
TOKYO — An electric vehicle company launched by two Japanese industrial powerhouses, Sony Group and Honda Motor, will start accepting orders in 2025, with the first deliveries expected in the spring of 2026 in the U.S. The new EVs will be developed with a focus on their role as entertainment spaces, such as providing music and games,… Continue reading Sony, Honda say EV tie-up will turn cars into entertainment space
Chinese automakers take another crack at the German market
Automobiles Stronger supply chains and better safety records are key to hopes for growth Chinese and Chinese-owned brands like Lynk & Co. are gearing up to crack the German auto market. (Photo courtesy of Lynk & Co.) JENS KASTNER, Contributing writerOctober 12, 2022 15:55 JST | Europe HAMBURG, Germany — Chinese automakers are taking a… Continue reading Chinese automakers take another crack at the German market
Honda, LG to locate $4.4bn battery plant in Ohio
WASHINGTON (Reuters) — Honda Motor and LG Energy Solution on Tuesday announced Ohio as the site of their planned $4.4 billion joint-venture battery plant. The two companies had announced the plan in August but had not settled on a U.S. location. They said on Tuesday they are initially committing to investing $3.5 billion and creating… Continue reading Honda, LG to locate $4.4bn battery plant in Ohio
Social issues playing bigger role in Japan executive pay
TOKYO — Japanese companies are creating incentives for senior executives to address social issues, linking a portion of their compensation to workplace safety and other efforts as investors increasingly scrutinize corporate citizenship. Businesses here have lagged behind their Western counterparts on engagement in socially conscious initiatives. They now seek to encourage top management to emphasize… Continue reading Social issues playing bigger role in Japan executive pay