GUANGZHOU — Leading electric-vehicle battery supplier Contemporary Amperex Technology Co. Ltd. (CATL) is expanding its lineup to capture diverse demand among automakers, including with a recent release that promises a 1,000 kilometer range on a single charge. Tapping into domestic demand will likely be key to overcoming investor doubts. CATL’s shares tumbled to their lowest… Continue reading China’s CATL aims to recharge stock price with 1,000-km EV battery
Author: Nikki News Feed
Yamaha’s new-business segment to focus on logistics in emerging nations
HAMAMATSU, Japan — Yamaha Motor is looking to revive its new-businesses segment by focusing on mobility services in emerging markets, as well as a forestry surveying venture using unmanned aircraft in Japan. Yamaha is projected to take in 10 billion yen ($64 million) in revenue from new businesses this year, falling short of the 30 billion… Continue reading Yamaha’s new-business segment to focus on logistics in emerging nations
Japan sets 12m-unit target for next-gen ‘software-defined vehicles’
TOKYO — Japan has set a target for its automakers to sell 12 million next-generation software-defined vehicles (SDV) at home and abroad by 2030, part of a national strategy that will include collaboration among the country’s auto giants. Production will be strengthened to a level where Japan can secure a 30% share of the global… Continue reading Japan sets 12m-unit target for next-gen ‘software-defined vehicles’
Japan and ASEAN to craft auto strategy to counter China’s EVs
TOKYO — Japan and ASEAN intend to create their first joint strategy on automobile production and sales within the Southeast Asian bloc, as Chinese electric vehicles become more prevalent there. The two sides aim to draw up an interim joint strategy through around 2035 when their economic ministers meet as early as September this year.… Continue reading Japan and ASEAN to craft auto strategy to counter China’s EVs
BYD takes the wheel from Tesla in China’s EV price war
GUANGZHOU/SHANGHAI — BYD has fired a fresh salvo in China’s electric vehicle price war with a new sport utility vehicle launched this month, as a wide range of players from local startups to Tesla feel the pressure of ever-falling prices. “BYD will beat the competition by electrifying cars and making them smarter,” Senior Vice President… Continue reading BYD takes the wheel from Tesla in China’s EV price war
Panasonic says EV market slowdown in U.S. worse than expected
TOKYO — Japan’s Panasonic Holdings said on Friday that its EV battery arm will likely miss its initial profitability target due to a worse-than-expected slowdown in the North American market for electric vehicles. “There was an unexpected steep decline in demand for the product that we make in Japan and ship to our strategic partner,”… Continue reading Panasonic says EV market slowdown in U.S. worse than expected
Asia’s tech and auto suppliers weigh up impact of U.S. tariff hike
TOKYO — From component makers to battery suppliers, Asian companies are bracing for the impact of U.S. President Joe Biden’s tariff hikes on imports of Chinese electric vehicles, EV batteries and materials. South Korean tech conglomerate Samsung is asking automotive suppliers to provide non-China production options due to concerns over the higher U.S. tariffs, sources… Continue reading Asia’s tech and auto suppliers weigh up impact of U.S. tariff hike
Chinese EVs give VinFast a run for its money in Vietnam
HO CHI MINH CITY — Electric vehicles from China are zooming over the border to Vietnam, the home of VinFast, as low-cost EV makers aim to replicate the rapid penetration they achieved in markets from Thailand to Brazil. The expansion of EV makers like BYD and Haima in Vietnam comes at a time of oversupply… Continue reading Chinese EVs give VinFast a run for its money in Vietnam
Toyota, Nissan and Honda to team on AI and chips for next-gen cars
TOKYO — Toyota Motor, Nissan Motor, Honda Motor and other major Japanese automakers will work together to develop software for next-generation vehicles, bringing together their expertise in such areas as generative AI and semiconductors, Nikkei has learned. In a soon-to-be-announced strategy for digital transformation in the auto industry, Japan’s Ministry of Economy, Trade and Industry will… Continue reading Toyota, Nissan and Honda to team on AI and chips for next-gen cars
Honda to double 10-year EV and software investment to $65bn
TOKYO — Honda Motor plans to invest 10 trillion yen ($65 billion) in electrification and software development over the decade up to the financial year ending March 2031 as it prepares to join the rapid shift to electric vehicles in highly competitive auto markets like China’s, the carmaker said on Thursday. The investment doubles what… Continue reading Honda to double 10-year EV and software investment to $65bn