Author: Nikki News Feed

Honda chases next big thing in EVs: solid-state batteries

TOKYO — Honda Motor may have been slow to embrace electric vehicles, similar to its Japanese peers, but the automaker has made large bets to get ahead in the growing market, especially when it comes to EV batteries. Monday’s announcement that Honda teamed with South Korean battery maker LG Energy Solution to build a $4.4 billion EV… Continue reading Honda chases next big thing in EVs: solid-state batteries

Toyota’s global vehicle output drops again; annual target in doubt

(Reuters) — Toyota Motor said on Tuesday its July global vehicle production fell 8.6% year-on-year, missing its target for four straight months, as COVID outbreaks, severe weather and a recall probe on top of a persistent chip shortage hurt output. The world’s largest automaker by sales produced 706,547 vehicles worldwide last month, below its target… Continue reading Toyota’s global vehicle output drops again; annual target in doubt

Indonesia EV supplier VKTR looks to raise $45m from domestic IPO

JAKARTA — VKTR Teknologi Mobilitas Indonesia (VKTR) — a unit of Indonesian conglomerate Bakrie & Brothers — is looking to raise $45 million through a listing on the Indonesia Stock Exchange (IDX) in November, a top executive told DealStreetAsia. VKTR CEO Gilarsi W Setijono said the supplier of commercial electric vehicles — buses, trucks and… Continue reading Indonesia EV supplier VKTR looks to raise $45m from domestic IPO

Honda to build new EV battery plant in U.S. with LG for $4.4bn

TOKYO — Honda Motor will build a battery plant for electric vehicles in the U.S. with South Korean battery maker LG Energy Solution, the two companies said Monday, as EV makers and their suppliers seek a presence in the American market. Honda and LG Energy will invest $4.4 billion in the effort. Nikkei earlier reported… Continue reading Honda to build new EV battery plant in U.S. with LG for $4.4bn

Suzuki targets 2025 India debut for EV developed with Toyota

MUMBAI/TOKYO — Suzuki Motor plans to launch in India an electric vehicle under development with Toyota Motor by 2025. Suzuki will use a dedicated platform to be developed with Toyota for compact EVs in bringing new offerings to market. A lineup including sport utility vehicles appears to be under consideration. The move will extend the Japanese… Continue reading Suzuki targets 2025 India debut for EV developed with Toyota

Cup holders optional: Toyota cuts wait times by limiting features

TOKYO — Toyota Motor will begin selling models with limited optional equipment, allowing for more efficient production and reducing delivery times to a quarter of other models. Delivery times for new cars have stretched as long as a year as automakers grapple with an industrywide parts shortage, including semiconductors, due to a supply chain crunch and other factors. Some manufacturers have suspended orders for certain… Continue reading Cup holders optional: Toyota cuts wait times by limiting features

CATL to develop battery materials to improve energy density: chairman

BEIJING (Reuters) — China’s Contemporary Amperex Technology (CATL) is working on new battery materials that can improve energy density by 10% to 20% compared to iron phosphate batteries, the company’s chairman said, as the battery giant scrambles to retain its top position amid competition. The new material technology known as M3P can enable an electric… Continue reading CATL to develop battery materials to improve energy density: chairman

Apple supplier Foxconn, Toyota restart Sichuan plants as heat wave eases

CHENGDU, China — Toyota Motor and Taiwanese Apple assembler Foxconn have restarted factories in Sichuan province after a local order to stop operations expired Thursday as a historic heat wave eases. The Chengdu plant of Foxconn, which assembles iPads for Apple, began to operate at normal capacity again on Thursday, a person close to the factory confirmed.… Continue reading Apple supplier Foxconn, Toyota restart Sichuan plants as heat wave eases

China’s GAC to charge up EV battery production with new plant

HONG KONG — Guangzhou Automobile Group (GAC) will build an automotive battery factory, the government-owned company has announced, aiming to take greater control over its supply chain. The new plant will mass-produce lithium-ion batteries for electrified vehicles, using its proprietary lithium iron phosphate, and will have a capacity of 26.8 gigawatt-hours. Go to Source