MANILA — Conglomerate GT Capital Holdings, a leading player in the Philippines’ banking and auto markets, is now looking to tap the country’s real estate boom as its next big growth driver, leveraging the latest in a long line of tie-ups with Japanese partners. Group company Federal Land recently teamed with Nomura Real Estate to… Continue reading Philippines’ GT hopes Japan property tie-up can emulate Toyota magic
Author: Nikki News Feed
Honda to join lunar rover project by JAXA
TOKYO — Honda Motor will join the development of a lunar rover by the Japan Aerospace Exploration Agency (JAXA), Nikkei has learned. Toyota Motor has also been cooperating with JAXA on this project. The agency hopes to boost the development of the vehicle by utilizing Honda’s fuel cell technology. Go to Source
Vale Indonesia embarks on $8.6bn nickel projects with Chinese firms
JAKARTA — The Indonesian unit of Brazilian mining giant Vale is embarking on three nickel processing projects worth a combined $8.6 billion with partners including Chinese battery materials producer Zhejiang Huayou Cobalt and potentially U.S. automaker Ford Motor. Vale Indonesia on Tuesday signed a preliminary agreement for the latest of the three projects — all… Continue reading Vale Indonesia embarks on $8.6bn nickel projects with Chinese firms
Honda revs up electric motorbike ambition with 3.5m sales target
TOKYO — Honda Motor plans to sell 3.5 million electric motorbikes by 2030, as the world’s top-selling motorbike maker overhauls its product range to meet demand for more eco-friendly products. The Japanese company said on Tuesday that electric motorbikes would make up 15% of annual global sales by the end of the decade. It is… Continue reading Honda revs up electric motorbike ambition with 3.5m sales target
China’s BYD forays into auto kingdom Japan with broad EV lineup
TOKYO — Chinese automobile giant BYD will start selling three models of electric vehicles next year in Japan, which is looking attractive to the company given the sparse EV lineups there so far. BYD, which has leaped to second place in global EV sales, behind only Tesla, will start selling the midsize sport utility vehicle… Continue reading China’s BYD forays into auto kingdom Japan with broad EV lineup
Vietnam’s VinFast hands over 1st electric SUVs, eyes U.S. sales
HAIPHONG, Vietnam (Reuters) — Vietnamese carmaker VinFast on Saturday began handing its first batch of 100 all-electric sport utility vehicles (SUVs) to local customers, with U.S. deliveries of the vehicle due to begin as soon as December. VinFast, which began operations in 2019, is gearing up to expand in the U.S. market, where it hopes… Continue reading Vietnam’s VinFast hands over 1st electric SUVs, eyes U.S. sales
BMW taps Chinese battery makers to extend EV range up to 30%
FRANKFURT, Germany — BMW is teaming up with a pair of Chinese battery companies to extend the range of its electric vehicles due out in 2025, following American rival Tesla in adopting a more efficient cylindrical cell format. The lithium-ion batteries’ technology will increase energy density by more than 20% by using less cobalt and… Continue reading BMW taps Chinese battery makers to extend EV range up to 30%
Scandal-hit truck maker Hino ordered to fix ‘serious’ organizational flaws
TOKYO — Toyota Motor unit Hino Motors was ordered Friday to fix a broken corporate culture that led to cheating on emissions and fuel efficiency at the Japanese truck maker, which faces the loss of another engine certification. Tetsuo Saito, Japan’s minister of land, infrastructure, transport and tourism, called the violations “extremely malicious” and said… Continue reading Scandal-hit truck maker Hino ordered to fix ‘serious’ organizational flaws
Japan raises concern over U.S. eligibility rules on EV subsidies
LOS ANGELES — Japan has expressed concern to the U.S. that Japanese electric vehicles may not be eligible for Washington’s new subsidy program. Japanese Economy, Trade and Industry Minister Yasutoshi Nishimura, who is visiting the U.S., told Commerce Secretary Gina M. Raimondo on Wednesday that sales of Japanese-brand EVs could be hurt by the eligibility… Continue reading Japan raises concern over U.S. eligibility rules on EV subsidies
Solid-state batteries: Japanese players seek early lead in testing
TOKYO — As solid-state batteries move closer to broad use in electric cars and other equipment, some Japanese companies will make a bid for early-mover advantage in the emerging field of testing these next-generation power sources. Nippon Steel Technology, a unit of Japan’s top steelmaker, plans to launch by March 2023 a testing service at… Continue reading Solid-state batteries: Japanese players seek early lead in testing