SEOUL — South Korean battery makers are reducing workforces and curtailing production in the U.S. as the transition to electric vehicles slows, casting a shadow over an industry seen as a pillar of President Joe Biden’s economic policies. LG Energy Solution, the world’s second-largest battery maker, said on Wednesday that it will let go of… Continue reading South Korean electric battery makers cutting back in U.S.
Author: Nikki News Feed
Taiwan battery maker to build $800m plant in Canada
TAIPEI — Taiwanese battery maker E-One Moli Energy will invest 25.5 billion New Taiwan dollars ($796 million) to build a plant in western Canada that makes lithium cells, the company announced here Wednesday. The Canadian government will contribute NT$4.8 billion through a fund toward the construction of the plant, which will produce ternary-type lithium battery cells… Continue reading Taiwan battery maker to build $800m plant in Canada
Japan’s Isuzu eyes new business with battery-swapping EV truck
TOKYO — Japan’s Isuzu Motors is set to launch a new business based on electric trucks that use replaceable batteries, Nikkei has learned, in a drive to make deliveries more efficient. As part of this push, the truck maker has developed its own unmanned stations where robots can replace depleted batteries in about three minutes.… Continue reading Japan’s Isuzu eyes new business with battery-swapping EV truck
Hyundai breaks ground on $1.5bn South Korean EV plant
ULSAN, South Korea — Hyundai Motor broke ground on a 2 trillion won ($1.5 billion) dedicated electric vehicle plant at its factory complex here on Monday, part of the automaker’s plans to increase group EV sales to 3.64 million units in 2030. “Just as the dream of building the best car in the past made… Continue reading Hyundai breaks ground on $1.5bn South Korean EV plant
Race to all-solid-state batteries draws in Japan’s AGC, Idemitsu
TOKYO — Japanese materials maker AGC and energy group Idemitsu Kosan have made strides toward mass producing the main ingredient in all-solid-state batteries, which are seen as a next-generation power source for electric vehicles. All-solid-state batteries contain solid electrolytes instead of the liquid ones found in lithium-ion batteries. They have been hailed as a safer,… Continue reading Race to all-solid-state batteries draws in Japan’s AGC, Idemitsu
Honda hikes U.S. workers’ pay 11% after UAW deals with Detroit Three
(Reuters) — Honda Motor said on Friday it was implementing an 11% pay hike for production workers at its U.S. facilities from January, days after the United Auto Workers union and the Detroit Three automakers agreed to new contracts. The company also said it would cut the time it takes for a worker to get… Continue reading Honda hikes U.S. workers’ pay 11% after UAW deals with Detroit Three
Squeezed chipmakers and China’s EV rise
Hi from Taipei, everyone! This is Cheng Ting-Fang, your tech newsletter host for this week. It was a super semiconductor week in Taiwan, the world’s second-largest chip economy by revenue. The CEOs of several global chipmakers, including Micron and Intel, were in town to promote their latest AI ventures and to meet key supply chain… Continue reading Squeezed chipmakers and China’s EV rise
China auto equipment maker to invest in Thai electric motorbike plant
BANGKOK/SHANGHAI — Chinese automotive equipment manufacturer Suzhou Harmontronics Automation Technology will build an electric motorcycle factory in Thailand’s Eastern Economic Corridor (EEC), eyeing a market set to grow thanks to government subsidies. The company plans to invest 10 billion baht ($281 million) to secure annual production capacity of 150,000 units by 2028. The plans were… Continue reading China auto equipment maker to invest in Thai electric motorbike plant
Indonesia calls on West to help it develop EV manufacturing power
LONDON/JAKARTA — Indonesia wants the U.S. and Europe to go beyond purchasing raw materials from it and to invest in the Southeast Asian country so that it can develop manufacturing capabilities for electric vehicles and their batteries, the deputy minister for investment promotion told Nikkei Asia. Indonesia is keen to take on a manufacturing role… Continue reading Indonesia calls on West to help it develop EV manufacturing power
Geely eyes EV foothold in Southeast Asia with $10bn Malaysia hub
SINGAPORE/SHANGHAI/BANGKOK — Chinese automaker Geely has teamed up with Malaysian partner Proton Holdings to stage a comeback in Southeast Asia’s electric vehicle market, fueled by a $10 billion investment in Malaysia. One of the biggest attractions at last month’s Malaysia International Motor Expo in Kuala Lumpur was an electric vehicle from Smart Automobile, a joint… Continue reading Geely eyes EV foothold in Southeast Asia with $10bn Malaysia hub