TOKYO — Japan and the Association of Southeast Asian Nations will work together to create a competitive and green automotive industry, their leaders agreed at a summit in Tokyo on Sunday. “This summit was the perfect opportunity for Japan and ASEAN to reflect on the progress that has been made, to look at each other’s… Continue reading Japan and ASEAN to craft ‘master plan’ for next-generation cars
Author: Nikki News Feed
Nissan to export China-developed EVs to global markets
BEIJING (Reuters) — Nissan Motor said on Sunday it would sell China-developed electric vehicles (EVs) globally as it struck a deal with the country’s top university to leverage local resources to accelerate research and development on electrification. The Japanese automaker is considering exporting the line-up of existing internal combustion engine vehicles and upcoming pure electric… Continue reading Nissan to export China-developed EVs to global markets
Electric 2-wheelers in Indonesia make inroads with Gojek and Grab
JAKARTA — As Indonesia’s government aims to put 1 million electric two-wheelers on the road through 2024, local and Taiwanese brands are catching on with taxi and delivery drivers. At a battery exchange station in Jakarta set up by state-owned power company PLN, riders can pull in and replace them with fully charged ones in… Continue reading Electric 2-wheelers in Indonesia make inroads with Gojek and Grab
Denso unloads shares in 3 Toyota group companies
NAGOYA — Japanese auto parts supplier Denso has sold its entire stake in three Toyota companies including Hino Motors, part of a growing movement within the Toyota group to dissolve long-standing cross-shareholding, Nikkei has learned. Denso sold approximately 5 billion yen($35.2 million) worth of shares of Hino, parts maker Toyoda Gosei and Aichi Steel. The company… Continue reading Denso unloads shares in 3 Toyota group companies
France’s revamped EV incentives toughen market for China-made cars
PARIS (Reuters) — France’s revamped rules on consumer cash incentives for electric car purchases favor vehicles made in France and Europe over models manufactured in China, a government list of eligible car types published on Thursday showed. About 65% of electric cars sold in France will be eligible for the state bonus program, including 24… Continue reading France’s revamped EV incentives toughen market for China-made cars
Thai state oil giant PTT starts making lithium-ion EV batteries
BANGKOK — Thai oil and gas conglomerate PTT, has started making lithium-ion batteries, as it works to create a supply chain for its EV brand Neta and to capitalize on the growing green car market. PTT Chief Executive Auttapol Rerkpiboon said the plant, owned by joint venture NV Gotion and located in Rayong province, southeast of Bangkok,… Continue reading Thai state oil giant PTT starts making lithium-ion EV batteries
Tesla recalls nearly all U.S. vehicles over lack of Autopilot safeguards
WASHINGTON (Reuters) — Tesla is recalling over 2 million vehicles in the U.S.to install new safeguards in its Autopilot advanced driver-assistance system, after a federal safety regulator cited safety concerns. The largest-ever Tesla recall appears to cover nearly all vehicles on U.S. roads to better ensure drivers pay attention when using the system. Tesla’s recall… Continue reading Tesla recalls nearly all U.S. vehicles over lack of Autopilot safeguards
Chinese auto shares volatile as investors search for next BYD
GUANGZHOU — The cutthroat price competition among Chinese electric vehicle makers has produced clear winners and losers in the stock market, with EV powerhouse BYD losing shine among investors who are turning to rivals who best distinguish themselves. On Tuesday, Li Auto reported on its website that it ranked fourth in sales volume in the… Continue reading Chinese auto shares volatile as investors search for next BYD
Tesla recalling 2m U.S. vehicles over lack of Autopilot safeguards
WASHINGTON (Reuters) — Tesla is recalling just over two million vehicles in the U.S. fitted with its Autopilot advanced driver-assistance system to install new safeguards, after a safety regulator said the system posed safety concerns. The National Highway Traffic Safety Administration (NHTSA) has been investigating the electric automaker led by billionaire Elon Musk for more… Continue reading Tesla recalling 2m U.S. vehicles over lack of Autopilot safeguards
BYD challenges CATL’s EV battery crown in China
GUANGZHOU — China’s electric vehicle powerhouse BYD is emerging as a strong rival to CATL, the leading producer of EV batteries, by taking over as the top seller of a low-cost variety. BYD has become the leader in moving lithium-iron-phosphate (LFP) batteries. This type is 20% to 30% cheaper than typical lithium-ion batteries made with… Continue reading BYD challenges CATL’s EV battery crown in China