TOKYO — Car and parts makers are working to develop more sustainable batteries for electric vehicles, part of efforts to reduce total carbon emissions, trace the lifetime of their products and cope with tighter global regulations. Executives from Nissan Motor, Denso and Bosch this week shared the roads they are taking to carbon neutrality at… Continue reading Nissan, Denso and Bosch showcase more sustainable batteries
Author: Nikki News Feed
Nissan cuts production 30% through November on chip shortage
TOKYO — Nissan Motor will shrink planned global production for October and November by 30%, Nikkei learned Thursday, as the worldwide chip shortage persists. The Japanese automaker recently informed suppliers of its updated plan to make 263,000 vehicles in October and 320,000 vehicles in November. Both numbers undershoot the previous outlook by 30%. Nissan had… Continue reading Nissan cuts production 30% through November on chip shortage
Troubled SsangYong Motor poised to sell itself to South Korean EV startup
SEOUL — Debt-laden South Korean automaker SsangYong Motor named a group led by a six-year-old electric vehicle startup as its preferred bidder on Wednesday, as it seeks to make a fresh start under a new owner. SsangYong said it chose the Edison Motors-led consortium, which includes a South Korean investment fund, based on such factors as the… Continue reading Troubled SsangYong Motor poised to sell itself to South Korean EV startup
Toyota to cut global output 15% in November due to chip shortage
NAGOYA, Japan — Toyota Motor will cut its global auto production in November by 15% from its latest output plan, or around 150,000 vehicles, due to a shortage of semiconductors and the power crunch in China, Nikkei has learned. The move comes after the Japanese automaker cut its production by 40% from its initial plan… Continue reading Toyota to cut global output 15% in November due to chip shortage
Turkish auto industry shifts to EVs as EU tightens CO2 rules
ISTANBUL — Turkey’s auto industry is stepping up efforts to keep pace with the global shift toward electric vehicles as the European Union, its main overseas market, tightens restrictions on gasoline-powered cars. Ford Motor’s joint venture in Turkey plans to spend 2 billion euros ($2.3 billion) to start production of electric commercial vans in 2023.… Continue reading Turkish auto industry shifts to EVs as EU tightens CO2 rules
Tesla set to capture $390m in China’s carbon market
BEIJING — Tesla is expected to earn about $390 million this year from automobile emissions credits in China, while Volkswagen looks to be the biggest loser in the carbon trading scheme. Automakers and auto importers operating in China are required to manufacture and sell a certain ratio of new-energy vehicles, which include electric cars and… Continue reading Tesla set to capture $390m in China’s carbon market
Prized EV metal sparks Nippon Steel lawsuit against top buyer Toyota
TOKYO — With its lawsuits announced Thursday, Nippon Steel has mounted a defense of a patented material in demand for electrified vehicles, going as far as taking top customer Toyota Motor to court. Japan’s top steelmaker accuses China’s Baoshan Iron & Steel of supplying steel that infringes on its patent to Toyota, saying the automaker is… Continue reading Prized EV metal sparks Nippon Steel lawsuit against top buyer Toyota
Nissan unveils road map to zero-carbon factories by 2050
TOKYO — Nissan Motor aims to eliminate carbon dioxide emissions from global manufacturing sites by midcentury, switching to all-electric equipment powered by environmentally friendly sources, under plans detailed Friday. “In 2050, the power that factories use will be essentially be electrified, and the sources of the energy will all be shifted to renewable energy and… Continue reading Nissan unveils road map to zero-carbon factories by 2050
Nissan plant in Spain may be sold to China’s Great Wall Motor
BARCELONA, Spain (Reuters) — Spanish authorities and Nissan will enter talks with China’s Great Wall Motor over a possible takeover of the Japanese carmaker’s plant in Barcelona, which is due to shut in December, they said on Friday. National and regional authorities, together with Nissan, also picked Spanish electric motorcycle manufacturer Silence and local engineering firm QEV Technologies — which… Continue reading Nissan plant in Spain may be sold to China’s Great Wall Motor
Foxconn secures first EV plant in U.S. with Lordstown deal
TAIPEI — Foxconn has struck a deal to acquire its first electric vehicle manufacturing plant in North America, part of $280 million in deals with U.S. electric vehicle startup Lordstown Motors that also include a share purchase. The Taiwanese tech giant said on Friday morning it will take a roughly 4% stake in Lordstown for around… Continue reading Foxconn secures first EV plant in U.S. with Lordstown deal