(Reuters) — China Evergrande New Energy Vehicle Group said on Monday Liu Yongzhuo, an executive and vice chairman, has been detained on suspicion of “illegal crimes” but did not elaborate. The electric vehicle arm of the embattled property developer China Evergrande Group also said its shares will resume trading at 1 p.m. The shares were… Continue reading China Evergrande’s EV unit says vice chairman has been detained
Author: Nikki News Feed
China extends lead in lidar tech crucial to self-driving cars
China extends lead in lidar tech crucial to self-driving cars – 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 Automobiles Chinese companies gain ground in patents and market share Xpeng Motors has decided… Continue reading China extends lead in lidar tech crucial to self-driving cars
Honda weighs $14bn plan for EV production in Canada
LAS VEGAS — Honda Motor is considering building an electric vehicle plant in Canada, with the project to possibly involve in-house production of batteries, Nikkei has learned. Overall spending on the project could reach 2 trillion yen ($14 billion), making it one of the Japanese automaker’s largest investments as it hopes to catch U.S. and… Continue reading Honda weighs $14bn plan for EV production in Canada
Sime Darby bets big on Malaysia’s automotive sector
KUALA LUMPUR — Fueled by an acquisition spree and changes in its portfolio, Sime Darby Bhd is hoping to leap ahead in Malaysia’s automotive sector through its ambitious purchase of a majority stake in UMW Holdings. The government-linked conglomerate is optimistic that the 3.57 billion ringgit ($761 million) it paid in December for a 61.2%… Continue reading Sime Darby bets big on Malaysia’s automotive sector
Toyota to restart domestic production Monday on schedule after quake
TOKYO (Kyodo) — Toyota Motor will restart this year’s domestic vehicle production on schedule from Monday, despite some suppliers suffering disruption caused by a recent powerful earthquake that struck the country’s Noto Peninsula, the automaker said Sunday. Toyota said that due to many suppliers and affiliates suffering damage in the quake, it will use parts held in… Continue reading Toyota to restart domestic production Monday on schedule after quake
Vietnam EV maker VinFast names founder as CEO, replaces CFO
HANOI (Reuters) — Vietnamese electric vehicle maker VinFast on Saturday named its founder and biggest financial backer, Pham Nhat Vuong, as chief executive as it plans an ambitious overseas expansion and ramps up sales via dealerships. Vuong, 55, replaces Le Thi Thu Thuy, who had held the post since late 2021, VinFast said in a statement.… Continue reading Vietnam EV maker VinFast names founder as CEO, replaces CFO
From AI to flying cars: 5 things to watch at CES 2024
LAS VEGAS, U.S. — CES, the world’s largest consumer technology trade show, officially kicks off on Tuesday in Las Vegas, expecting to welcome more than 130,000 attendees and 4,000 exhibitors. The annual four-day gathering, formerly known as the Consumer Electronics Show, will feature the latest advances in artificial intelligence, automotive, robotics, augmented and virtual reality… Continue reading From AI to flying cars: 5 things to watch at CES 2024
Tesla to fix 1.62m vehicles in China over Autosteer issue, regulator says
BEIJING (Reuters) — Tesla is doing an effective recall on 1.62 million vehicles, including its models S, X, 3 and Y in China, the market regulator said on Friday. The recalls in Tesla’s second-largest market follow two recalls by the automaker in the United States in December. Tesla can remotely upgrade the vehicles to fix the issues, the China State Administration for… Continue reading Tesla to fix 1.62m vehicles in China over Autosteer issue, regulator says
Alibaba-backed lidar maker RoboSense dips in Hong Kong debut
HONG KONG — Shares of Alibaba-backed RoboSense got off to a weak start in their first day of trading in Hong Kong, amid questions over whether costly lidar sensor technology will find favor with makers of self-driving cars. The company raised 985 million Hong Kong dollars ($126 million) in the city’s first initial public offering… Continue reading Alibaba-backed lidar maker RoboSense dips in Hong Kong debut
Asia 2024: A dozen companies to watch as the year unfolds
Asian businesses will face fresh technological, regulatory, environmental and geopolitical challenges in 2024, not to mention the potential impact of key national leadership elections in the region as well as the U.S., a major trade and security partner. Whether a Taiwanese company bringing solid-state battery manufacturing to Europe or a South Korean arms maker forging… Continue reading Asia 2024: A dozen companies to watch as the year unfolds