SYDNEY/GUANGZHOU/BANGKOK — More Chinese electric vehicle makers are heading into Southeast Asia, hoping to emulate predecessor BYD’s success, but their compatriot’s dominance in the market poses a challenge to their ambitions. Several of these new players showed off their offerings at the opening ceremony of Thailand International Motor Expo near Bangkok on Wednesday. Go to Source
Author: Nikki News Feed
JSW to take stake in MG Motor India as China’s SAIC dilutes holdings
MUMBAI (Reuters) — Indian conglomerate JSW group will take a 35% holding in SAIC-owned MG Motor India, the companies said on Thursday, as the Chinese automaker seeks to dilute its stake in its Indian entity. Chinese investments have faced increased scrutiny by the Indian government, and SAIC Motor said in May that it planned to drop… Continue reading JSW to take stake in MG Motor India as China’s SAIC dilutes holdings
Chinese EV maker BYD tops Nissan in monthly global auto sales
TOKYO — Chinese electric vehicle maker BYD surpassed Nissan Motor in global sales volume for October, eclipsing its Japanese counterpart in monthly sales for the first time. BYD’s sales last month grew 39% from a year earlier to 301,833 units, besting Nissan’s 5% gain to 279,102 vehicles. Go to Source
Honda to invest $3bn in quest to sell 4m electric motorbikes a year
TOKYO — Honda Motor wants to sell 4 million electric motorbikes a year by 2030 and will invest 500 billion yen ($3.3 billion) by 2030 to rapidly launch new models, the world’s top maker of two-wheelers said Wednesday. Honda said it will build specialized factories and keep prices affordable to meet that goal, which is… Continue reading Honda to invest $3bn in quest to sell 4m electric motorbikes a year
China’s Nio teams up with Geely on auto battery swapping
BEIJING (Reuters) — Chinese automakers Nio and Zhejiang Geely Holding Group said on Wednesday they had signed a strategic partnership agreement on battery swapping that would see them work together on standards, technology and model development. The deal makes Geely, whose brands range from Volvo to Zeekr, the second automaker to sign a battery swapping… Continue reading China’s Nio teams up with Geely on auto battery swapping
Nissan to cut engine types by 60% as it strives to electrify
TOKYO — Nissan Motor plans to cut by 60% the types of engines for cars that will debut in 2028 or beyond, Nikkei has learned, as it focuses on minicars and hybrid vehicles (HVs), essentially halting development of new gasoline-only engines. Currently, the automaker is developing 10 types of gasoline engines for different types of… Continue reading Nissan to cut engine types by 60% as it strives to electrify
Toyota group to draw down stake in auto parts supplier Denso
NAGOYA, Japan — Toyota Motor and two affiliated companies plan to sell about 10%, or around 700 billion yen ($4.7 billion), of the total shares in auto parts supplier Denso as soon as this month, looking to reduce cross-shareholding and free up funds for electric vehicle investments. Toyota Motor held about 24% of Denso’s total shares as of the end of… Continue reading Toyota group to draw down stake in auto parts supplier Denso
Toyota debuts stripped-down Hilux pickup for emerging markets
SYDNEY — Toyota Motor unveiled a new commercial model of its Hilux pickup truck on Monday, taking aim at emerging markets in Southeast Asia and elsewhere with a price tag up to 20% cheaper than the standard model. Delivery of the Hilux Champ will begin in Thailand in January. Starting at 459,000 baht ($13,100), the truck features a… Continue reading Toyota debuts stripped-down Hilux pickup for emerging markets
Japan looks beyond China for EV and chip materials
TOKYO/SEOUL — Japanese companies that have relied on critical battery and semiconductor materials made in China are moving to broaden their sources as Beijing tightens export controls. The Chinese government has decided to require export permits for a portion of graphite shipments starting Friday. Graphite is essential in making negative electrodes in lithium-ion batteries for… Continue reading Japan looks beyond China for EV and chip materials
Huawei to move smart car unit to new joint venture with Changan
BEIJING (Reuters) — China’s Huawei said on Sunday it will move core technologies and resources in its smart car unit, which has chalked up robust sales for a number of new vehicles, to a new joint company owned up to 40% by automaker Changan Auto. The new company will engage in research and development, production,… Continue reading Huawei to move smart car unit to new joint venture with Changan