Author: Nikki News Feed

LG Electronics strikes gold with long bet on EV parts

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Toyota’s April-June output falls 9.8% below global target

TOKYO (Reuters) — Toyota Motor produced 793,378 vehicles globally in June, it said on Thursday, slightly above a target it had cut twice and capping a quarter that saw the Japanese automaker slip 9.8% behind its production plan. The world’s largest automaker by sales has seen its output hit in recent months by the global… Continue reading Toyota’s April-June output falls 9.8% below global target

Toyota plans $1.8bn Indonesia investment to make electric vehicles

JAKARTA (Reuters) — Japanese carmaker Toyota Motor Corp plans to invest 27.1 trillion rupiah ($1.80 billion) in Indonesia in the next five years to produce electric vehicles (EVs), Indonesia’s economics ministry said on Wednesday. The Southeast Asian country aims to become a global hub for producing and exporting EVs through processing its rich supplies of… Continue reading Toyota plans $1.8bn Indonesia investment to make electric vehicles

Tesla supplier LGES looks to set up EV battery plant in Europe

SEOUL (Reuters) — Tesla-supplier LG Energy Solution posted a quarterly profit that missed estimates due to rising material costs and COVID-19 curbs in China, and said it was looking for new production sites in Europe and Asia rather than in China. The South Korean company, which counts EV maker Lucid as a customer, also said… Continue reading Tesla supplier LGES looks to set up EV battery plant in Europe