Author: Nikki News Feed

Chinese EV maker Nio to expand into five new European countries

SHANGHAI — Nio, a Chinese electric vehicle startup, is planning to charge into five new European countries next year, part of a brand development strategy aimed at eco-conscious drivers. Nio recently opened a showroom in Norway dubbed Nio House as the first step in its expansion drive in the region. Go to Source

Honda sets net-zero CO2 target by 2050 for whole supply chain

TOKYO — Honda Motor has asked its main auto parts suppliers to reduce carbon dioxide emissions annually by 4% versus 2019 levels, Nikkei learned on Tuesday. The Japanese automaker aims to accelerate decarbonization efforts in its value chain and seeks to have its parts suppliers achieve net-zero emissions by 2050. Go to Source

South Korea’s first auto plant in 23 years opens as ‘half-wage factory’

SEOUL — For the first time in 23 years, a new auto plant has begun operating in South Korea. The facility will be operated by Gwangju Global Motors (GGM), a newly established company led by the city government of Gwangju in the southwest. It was created with capital from Hyundai Motor and others, and will specialize… Continue reading South Korea’s first auto plant in 23 years opens as ‘half-wage factory’