JAKARTA — Indonesian electric vehicle maker Energy Selalu Baru (ESB), which owns the Volta two-wheeler brand, has raised fresh funding led by Twin Towers Ventures (TTV), the investment arm of Petronas Ventures, and Rigel Star Fund LP, also known as Rigel Capital, according to an announcement. While the company did not disclose financial details in… Continue reading Indonesia two-wheel EV maker Volta raises fresh funds
Author: Nikki News Feed
GM to halt production of Cruise driverless van codeveloped with Honda
(Reuters) — General Motors said Monday it plans to temporarily halt production of its fully autonomous Cruise Origin van just days after the unit said it was pausing all driverless operations. The move was first reported by Forbes, citing an audio of Cruise CEO Kyle Vogt’s address at an all-hands meeting. Vogt, according to Forbes,… Continue reading GM to halt production of Cruise driverless van codeveloped with Honda
NTT to invest in May Mobility, a Toyota-backed U.S. self-drive startup
TOKYO — Japanese telecommunications group NTT is investing in May Mobility, a U.S. startup backed by Toyota Motor, to develop an automated driving system, Nikkei has learned. NTT will invest approximately 10 billion yen ($66.9 million) in the Michigan-based startup, which aims to develop driverless buses and taxis as early as 2025. Go to Source
China’s Nio to ax 10% of staff as domestic EV scene heats up
SHANGHAI — Chinese electric vehicle startup Nio has revealed it will slash its workforce by 10% this month to streamline its organization and development targets as well as better manage costs amid heated competition in the domestic EV market. The company has been investing heavily in advanced technologies such as batteries for EVs. Go to… Continue reading China’s Nio to ax 10% of staff as domestic EV scene heats up
Grass to gas: How cow dung can help India decarbonize
NEW DELHI — In India, cows are seen as sacred “vehicles of the gods.” Now work is underway to transform their manure into fuel for the vehicles of mere mortals. The initiative to power cars and trucks with cow dung is part of Indian Prime Minister Narendra Modi’s push for quick solutions to societal problems… Continue reading Grass to gas: How cow dung can help India decarbonize
Japan’s armorers differ on increased defense spending
NAGOYA, Japan — Some defense equipment manufacturers in central Japan are expanding production to meet the rise in government defense spending, but not everyone in the sector anticipates indefinite demand growth. This has led the more cautious to continue balancing output with other products, such as machine tools and electric vehicle parts. Howa Machinery, the… Continue reading Japan’s armorers differ on increased defense spending
Japan’s NTT Data to help Singapore improve EV charging efficiency
SINGAPORE — Japanese information technology company NTT Data will provide the Singaporean government with a data management and analysis service for electric-vehicle charging infrastructure, helping the city-state make its growing network more efficient. A unit of NTT Data’s global arm will provide the service to EV-Electric Charging, a subsidiary of the government’s Land Transport Authority.… Continue reading Japan’s NTT Data to help Singapore improve EV charging efficiency
Nio aims to enter U.S. market by 2025 with China-made premium EVs
NEW YORK — Nio will import premium electric cars made in China to the U.S. rather than attempt to qualify for tax incentives by setting up local production, the Chinese automaker said. Ganesh Iyer, the EV maker’s CEO for the U.S., laid out the vision for the American market at the NextChina Conference hosted by the China… Continue reading Nio aims to enter U.S. market by 2025 with China-made premium EVs
China’s BYD takes up to 10% off EVs as price war heats up
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China’s BYD takes up to 10% off EVs as price war heats up
GUANGZHOU — Chinese electric-vehicle manufacturer BYD is temporarily cutting domestic prices on certain models by as much as 10% or so all month amid growing competition in the key market category. The markdowns took effect Wednesday and run until Nov. 30. The Frigate 07 plug-in hybrid enjoys the steepest discount, at 18,000 yuan ($2,460). The… Continue reading China’s BYD takes up to 10% off EVs as price war heats up