SINGAPORE — Rising Chinese electric vehicle maker BYD plans to roughly double its sales outlets in Singapore and the Philippines together as it pursues aggressive expansion in ASEAN after launching in Indonesia recently. The automaker, which has grown to rival Elon Musk’s Tesla as the world’s top EV manufacturer, wants to open more than a… Continue reading Chinese EV leader BYD makes aggressive push in ASEAN
Author: Nikki News Feed
India’s Maruti Suzuki beats Q3 profit view on strong SUV sales
BENGALURU (Reuters) — Maruti Suzuki India, the country’s top carmaker by sales, reported a bigger-than-expected jump in third-quarter profit on Wednesday, buoyed by strong demand for its sport utility vehicles (SUVs). Indian consumers generally make big-ticket purchases during the festive season, which lasted for a large part for the third quarter. Increased sales of more… Continue reading India’s Maruti Suzuki beats Q3 profit view on strong SUV sales
Chinese EV makers to help boost Thai auto production in 2024
LUANG PRABANG, Laos — Auto production in Thailand is expected to grow for the first time in two years in 2024 as BYD and other Chinese electric vehicle makers ramp up output in the country. Thai auto production is expected to increase 3% to 1.9 million vehicles this year, according to a forecast by the Federation of… Continue reading Chinese EV makers to help boost Thai auto production in 2024
Toyota chairman pledges change amid misconduct at affiliates
TOKYO — Toyota Motor and its group companies will go back to basics in regaining public trust, the automaker’s chairman said on Tuesday, as Japan’s most valuable company is embroiled in a series of misconduct scandals at its affiliates. Toyota Motor heads the Toyota Group, which is made up of 16 other companies dealing with… Continue reading Toyota chairman pledges change amid misconduct at affiliates
Toyota and Hino halt some production over engine scandal
TOKYO — Toyota Motor and Hino Motors have halted some production lines after their group company Toyota Industries admitted to cheating on engine certification, affecting not only the vehicle that uses the engines in question but also other models such as the Alphard minivan. Toyota suspended six lines at four domestic assembly plants from Monday… Continue reading Toyota and Hino halt some production over engine scandal
India’s electric vehicle boom stalls over charging challenges
NEW DELHI — Ujjwal Arora was on his way to an important meeting when he realized his electric vehicle battery was running low. So the New Delhi resident rushed to a fast-charging station, only to discover it was broken. Racing through the bustling Indian capital to another station, Arora was shocked to find that his… Continue reading India’s electric vehicle boom stalls over charging challenges
France’s Renault scraps IPO of EV business Ampere
PARIS (Reuters) — Renault on Monday ditched plans to list its electric vehicle business Ampere because of sluggish stock market conditions. In September, Luca de Meo, CEO of both the Renault Group and Ampere, said the IPO could be worth up to 10 billion euros ($10.8 billion). Go to Source
China EV price war spreads to gas-fueled cars, denting foreign brands
GUANGZHOU — Foreign automakers in China are grappling with stalling sales alongside price competition in conventionally fueled vehicles that is leaving electric-vehicle laggards with less money to invest in the transition. A mid-October visit to a GAC Mitsubishi Motors dealership in Guangzhou revealed a ghost town with no staff and no vehicles on display. Promotional… Continue reading China EV price war spreads to gas-fueled cars, denting foreign brands
Toyota halts some shipments over affiliate’s rigged certification tests
TOKYO — Toyota Motor will suspend shipments of some cars whose engine parts were found to have irregularities during certification tests, the company said Monday. The automaker commissions Toyota Industries to develop diesel engines for its cars. A probe by an independent investigation panel revealed that Toyota Industries had cheated on certification tests for three… Continue reading Toyota halts some shipments over affiliate’s rigged certification tests
Australia’s EV battery metals industry faces Indonesia, China challenges
SYDNEY — A prolonged slump in the price of metals used in electric vehicle batteries has spotlighted the challenges Australia faces in its quest to become a key player in the global green transition. Several Australian nickel miners announced this month that they were slowing or halting operations because of weak prices, while a downgrade… Continue reading Australia’s EV battery metals industry faces Indonesia, China challenges