BENGALURU — The Indian government on Friday announced lower import tariffs on electric vehicles for carmakers willing to eventually begin local production, a move that could attract global companies like Tesla but intensify competition for incumbents like Tata Motors and the Mahindra group. Companies will pay a 15% customs duty on EVs costing $35,000 or… Continue reading Tesla gains opening as India slashes tariffs on certain EVs
Author: Nikki News Feed
Tesla gains opening as India slashes tariffs on certain EVs
BENGALURU — The Indian government on Friday announced lower import tariffs on electric vehicles for carmakers willing to eventually begin local production, a move that could attract global companies like Tesla but intensify competition for incumbents like Tata Motors and the Mahindra group. Companies will pay a 15% customs duty on EVs costing $35,000 or… Continue reading Tesla gains opening as India slashes tariffs on certain EVs
Nissan and Honda seeking EV partnership amid ‘new competition’
TOKYO — Nissan Motor and Honda Motor announced that they had agreed to begin talks on a potential strategic partnership to collaborate on electric vehicles and automotive software, at a time when the two conventional carmakers are facing stiff competition from market newcomers. “We’ve decided that the two companies need to bring together our strengths… Continue reading Nissan and Honda seeking EV partnership amid ‘new competition’
Nissan and Honda seeking EV partnership amid ‘new competition’
TOKYO — Nissan Motor and Honda Motor announced that they had agreed to begin talks on a potential strategic partnership to collaborate on electric vehicles and automotive software, at a time when the two conventional carmakers are facing stiff competition from market newcomers. “We’ve decided that the two companies need to bring together our strengths… Continue reading Nissan and Honda seeking EV partnership amid ‘new competition’
Thai clean power provider hears skeptics, rides electric bus bet
BANGKOK — Thailand’s Energy Absolute expects half of its revenue to come from its electric vehicle ecosystem this year, even though investors skeptical of demand for its batteries and commercial fleets have sent its stock plunging 54% in the past year. Deputy Chief Executive Officer Amorn Sapthaweekul said new government subsidies, announced in February, will… Continue reading Thai clean power provider hears skeptics, rides electric bus bet
Nissan weighs EV partnership with Honda
TOKYO — Nissan Motor is considering a tie-up with Honda Motor in electric vehicles that could include joint procurement and development, sources at Nissan told Nikkei. Nissan is looking at moving to a common EV powertrain — or e-axle — for which the two automakers could team up on purchasing, as well as designing and… Continue reading Nissan weighs EV partnership with Honda
VinFast spies room for a newcomer as EVs upend car sector
SINGAPORE — As electric vehicles shake up a staid auto industry, Vietnamese newcomer VinFast sees an opening to grab customers before lines are drawn in the market. The Nasdaq-listed company acknowledges this window to act won’t remain open for long as investors’ patience for losses wears thin. As such, the carmaker has set an ambitious… Continue reading VinFast spies room for a newcomer as EVs upend car sector
China’s Xiaomi to start deliveries of first EV model, lifting shares
BEIJING (Reuters) — China’s Xiaomi said on Tuesday it will start deliveries of its first electric vehicle model SU7 this month, venturing into the world’s largest auto market amid a brutal price war. The smartphone maker, China’s fifth largest, said in a Weibo post it has 59 stores in 29 cities nationwide that will take orders.… Continue reading China’s Xiaomi to start deliveries of first EV model, lifting shares
Nissan and Honda to cut China production as EV race heats up
TOKYO — Nissan Motor and Honda Motor are preparing to reduce their vehicle production capacity in China, Nikkei has learned, as the Japanese carmakers struggle to keep up in the electric vehicle race against Chinese rivals. Nissan will begin talks with a local-joint venture company in the coming days to slice its capacity in China… Continue reading Nissan and Honda to cut China production as EV race heats up
Japan’s January GDP falls 0.5% on halted auto factories: JCER
Japan’s January GDP falls 0.5% on halted auto factories: JCER – Nikkei Asia Arrow Artboard Created with Sketch. Artboard Created with Sketch. Title Chevron Title Chevron Icon Facebook Icon Linkedin Icon Mail Contact Path Layer Icon Mail Positive Arrow Icon Print Economy Monthly figures show impact of Daihatsu safety test scandal Daihatsu Motor suspended production… Continue reading Japan’s January GDP falls 0.5% on halted auto factories: JCER