TOKYO — Japanese metal maker Proterial has developed a prototype motor for electric vehicles that uses magnets that do not contain the rare-earth metal neodymium. Neodymium magnets are the most common type currently employed in EV motors, but since the main source of the rare earth is China, stable procurement has been an issue. Go… Continue reading New EV motor said to cut need for rare-earth neodymium magnets
Author: Nikki News Feed
China announces steps to boost sales of cars, electronics
BEIJING (Reuters) — Chinese authorities announced a raft of measures on Friday to help boost sales of automobiles and electronics, and warned local governments from rolling out policies that would fuel vicious competition, as they seek to shore up a slowing economy. Regions will be encouraged to increase annual car purchase quotas and efforts will… Continue reading China announces steps to boost sales of cars, electronics
Tesla and Netflix results drag Nasdaq down
NEW YORK (Reuters) — The S&P 500 and Nasdaq fell on Thursday, weighed down by drops in Tesla and Netflix following their quarterly results, but the Dow advanced for a ninth straight day thanks to gains in Johnson & Johnson following a strong annual forecast. Tesla’s shares tumbled 9.74%, its biggest one-day percentage drop since… Continue reading Tesla and Netflix results drag Nasdaq down
Tesla becomes latest EV company to see promise in Malaysia
KUALA LUMPUR — Tesla officially launched operations in Malaysia on Thursday as it joins other electric vehicle manufacturers already active in the Southeast Asian country vying to draw investment to compete with Thailand and Indonesia, which have been ramping up efforts to develop their EV industries. The Malaysian Investment Development Authority (MIDA) has approved 58… Continue reading Tesla becomes latest EV company to see promise in Malaysia
Nissan to adopt Tesla’s EV charging standard from 2025
TOKYO — Nissan Motor will adopt Tesla’s charging standards for its electric vehicles sold in North America from 2025, the company said Wednesday, becoming the first Japanese automaker to embrace the quick-charging technology. The North American Charging Standard (NACS), which is developed and owned by Tesla, has become the de facto standard in the region… Continue reading Nissan to adopt Tesla’s EV charging standard from 2025
India’s Tata chooses U.K. for $5bn Jaguar Land Rover gigafactory
LONDON (Reuters) — India’s Tata Group will build an electric vehicle battery plant in Britain to supply its Jaguar Land Rover factories, delivering a major boost for a U.K. car industry in need of domestic battery production to help secure its future. The announcement marks Britain’s biggest move in the car gigafactory space as it seeks to keep up… Continue reading India’s Tata chooses U.K. for $5bn Jaguar Land Rover gigafactory
Vietnam’s VinFast to break ground on delayed EV factory in U.S.
HO CHI MINH CITY — VinFast, the Vietnamese electric vehicle maker heading for a U.S. listing via a SPAC, plans to break ground next week on a delayed factory in North Carolina. The auto arm of Vingroup, Vietnam’s biggest conglomerate, said it will begin construction on the EV plant on July 28, with a $1.2… Continue reading Vietnam’s VinFast to break ground on delayed EV factory in U.S.
Subaru rides ‘made in Japan’ supply chain to high margins
TOKYO — Subaru’s earnings power, based on operating profit per unit, was the best among Japan’s major automakers for the fiscal year ended March. And the company’s cost-competitive “made in Japan” production sites are set to deliver high margins again in fiscal 2023. The automaker’s operating profit per vehicle sold rose 150% for the year… Continue reading Subaru rides ‘made in Japan’ supply chain to high margins
Carlos Ghosn says Nissan must pay as ex-exec pursues $1bn lawsuit
Carlos Ghosn says Nissan must pay as ex-exec pursues $1bn lawsuit – 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 Fugitive former executive also slams automaker’s revamped alliance with Renault Carlos Ghosn… Continue reading Carlos Ghosn says Nissan must pay as ex-exec pursues $1bn lawsuit
India’s consumer sentiment rebounds past pre-COVID levels
GANDHINAGAR, India — Consumer confidence has topped pre-COVID levels in India, with renewed spending on travel and other big-ticket items pushing corporate earnings to new highs. According to a bimonthly survey by the Reserve Bank of India, the consumer confidence index for the country’s current situation came to 88.5 in May — up 1.5 points… Continue reading India’s consumer sentiment rebounds past pre-COVID levels