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Author: Nikki News Feed
Hyundai Motor launches first EV sedan, challenging Tesla
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Panasonic to build $4bn EV battery plant for Tesla in U.S.
OSAKA — Panasonic Holdings will invest $4 billion in a second U.S. electric vehicle battery factory in Kansas, its subsidiary Panasonic Energy announced on Thursday, confirming an earlier Nikkei report. The factory is expected to hire as many as 4,000 employees and supply a new high-capacity battery for Tesla. Go to Source
Panasonic to build EV battery plant for Tesla in U.S. state of Kansas
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Vietnam’s VinFast to raise $4bn to make EVs, batteries in U.S.
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Hyundai Motor, South Korea union reach tentative wage deal
SEOUL (Reuters) — Hyundai Motor reached a tentative wage pact with its South Korean labor union, a union official said on Tuesday, potentially avoiding a strike and production losses at its biggest manufacturing base. The tentative agreement came shortly after the South Korean automaker announced a plan to build a dedicated electric vehicle (EV) factory in South Korea.… Continue reading Hyundai Motor, South Korea union reach tentative wage deal
BYD shares tumble on speculation over Warren Buffett exit
HONG KONG/WELLINGTON (Financial Times) — Shares in Chinese electric car maker BYD fell 12% after a stake close to the size of Berkshire Hathaway’s appeared in the Hong Kong stock exchange clearing system, prompting speculation that Warren Buffett’s conglomerate might dump its holdings. Go to Source
China auto industry cuts 2022 outlook as commercial demand slumps
SHANGHAI (Reuters) — A slump in commercial-vehicle demand led China’s automobile industry association on Monday to downgrade its sales forecast, as anti-pandemic measures weighed on the economy and its car market, the world’s largest. The industry will sell 27 million cars this year, up 3% on 2021, the China Association of Automobile Manufacturers forecast, cutting… Continue reading China auto industry cuts 2022 outlook as commercial demand slumps
Chinese battery maker powers SAIC’s economy EV
TOKYO — Chinese battery maker Gotion High-Tech plans to nearly double the energy density of lithium iron phosphate (LFP) batteries by 2030, which could in turn double the driving range of electric vehicles and significantly reshape competition in the battery sector. Go to Source
Mining companies rebrand as heroes of energy transition
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