TOKYO — Zhejiang Geely Holding Group sold 730,000 vehicles in the January-March period to become the first Chinese carmaker to break into the global top 10 in auto sales for the quarter. The Geely group, which had placed 12th in the first quarter of 2023, passed Germany’s Mercedes-Benz Group and BMW to come in 10th… Continue reading Geely cracks top 10 in Q1 global auto sales in China carmaker first
Author: Nikki News Feed
Heavier EVs exact an environmental toll
TOKYO — With the growing popularity of electric vehicles, cars are getting heavier. EVs tend to weigh more than their gasoline counterparts due to the big battery packs they carry, and their weight continues to rise as the batteries get larger to extend driving range. But heavier cars emit more fine particulates as their tires… Continue reading Heavier EVs exact an environmental toll
China’s Gotion breaks 10-minute charge barrier in EV battery race
GUANGZHOU — Chinese battery cell manufacturer Gotion High-tech has developed an electric vehicle battery that will charge in under 10 minutes, putting the company in direct competition with world leader CATL. Gotion unveiled the G-Current battery at a technology conference hosted at its headquarters in Hefei. The battery is capable of charging from 10% to 80% capacity in 9 minutes and… Continue reading China’s Gotion breaks 10-minute charge barrier in EV battery race
Mitsubishi Electric and Aisin to launch EV parts joint venture
TOKYO — Mitsubishi Electric and auto parts supplier Aisin plan to set up a joint venture for electric and hybrid vehicle components, Nikkei has learned, leveraging their combined scale for more efficient research and development as price competition intensifies. The company, to be majority owned by Mitsubishi Electric, will develop and produce components such as energy-saving… Continue reading Mitsubishi Electric and Aisin to launch EV parts joint venture
Kishida calls next 10 years ‘crucial’ to winning auto competition
TOKYO — Japan and ASEAN will formulate a decade-long strategy to come out on top of the next-generation automobile industry, Prime Minister Fumio Kishida said on Thursday, stressing how crucial those years will be as nations and manufacturers vie to be No. 1 in what is shaping up as one of tomorrow’s most decisive technological… Continue reading Kishida calls next 10 years ‘crucial’ to winning auto competition
Tesla’s latest shift and Thailand’s potential power problems
Hi everyone! This is Lauly from Taipei. As I was writing this newsletter, China unexpectedly announced the immediate start of military drills surrounding Taiwan, just days after the democratically ruled island’s new president, Lai Ching-te, was sworn in. Lai, who is from the same China-skeptic Democratic Progressive Party as his predecessor Tsai Ing-wen, is considered… Continue reading Tesla’s latest shift and Thailand’s potential power problems
China EV makers Xpeng, Li Auto shift focus to Mideast and Central Asia
NEW YORK — Chinese electric-vehicle makers Xpeng and Li Auto say they are focused on growing in the Middle East and elsewhere outside the U.S. following Washington’s announcement of a 100% punitive tariff on Chinese-made electric cars. Such Chinese EV makers as Nio had talked last year of entering the U.S., while competitively slashing prices… Continue reading China EV makers Xpeng, Li Auto shift focus to Mideast and Central Asia
China’s Huawei launches alliance for ultrafast EV charging
GUANGZHOU — Huawei Technologies will build a network of superfast electric vehicle chargers through a new alliance with Chinese EV makers, encouraging more motorists to go electric by letting them get back on the road within minutes. The consortium, announced at the Beijing International Automotive Exhibition in April, includes BYD and 10 other EV manufacturers.… Continue reading China’s Huawei launches alliance for ultrafast EV charging
China’s EV industry, led by BYD, drives job growth
SHANGHAI — China’s privately owned firms, especially those in the electric vehicle industry, have created jobs at a much stronger pace than their state-owned peers this decade, according to a survey of corporate data. There were 30.57 million employed at roughly 5,400 companies listed on the mainland at the end of 2023, according to filings… Continue reading China’s EV industry, led by BYD, drives job growth
Panasonic to ramp up EV battery production in Japan
TOKYO — Panasonic Holdings is looking to more than double its domestic production of EV batteries to supply potential customers like Mazda and Subaru and improve the performance of its Japanese factory. “We are estimating our target for 2030 based on our demand from [potential] customers,” President and CEO Yuki Kusumi said in an interview… Continue reading Panasonic to ramp up EV battery production in Japan