SAIC Motor, China’s largest state-owned automaker, is doubling down on overseas expansion with a plan to build an electric vehicle factory in Europe. The company is looking for a site in Europe, Yu De, SAIC managing director of international business, told the media last week without providing details. SAIC set up a plan in 2019… Continue reading China’s SAIC seeks site for electric car factory in Europe
Author: Nikki News Feed
China’s SAIC seeks site for electric car factory in Europe
SAIC Motor, China’s largest state-owned automaker, is doubling down on overseas expansion with a plan to build an electric vehicle factory in Europe. The company is looking for a site in Europe, Yu De, SAIC managing director of international business, told the media last week without providing details. SAIC set up a plan in 2019… Continue reading China’s SAIC seeks site for electric car factory in Europe
Toyota to issue $1.5bn in bonds for EV, safety projects
NAGOYA, Japan — Toyota Motor is set to issue $1.5 billion in sustainability bonds on Thursday, using the money to support environmental and social projects such as developing electric vehicles and new safety technologies. The Japanese automaker recently filed documents for the issuance with the U.S. Securities and Exchange Commission. This is Toyota’s first dollar-denominated offering of such bonds in two years. The… Continue reading Toyota to issue $1.5bn in bonds for EV, safety projects
Toyota to issue $1.5bn in bonds for EV, safety projects
NAGOYA, Japan — Toyota Motor is set to issue $1.5 billion in sustainability bonds on Thursday, using the money to support environmental and social projects such as developing electric vehicles and new safety technologies. The Japanese automaker recently filed documents for the issuance with the U.S. Securities and Exchange Commission. This is Toyota’s first dollar-denominated offering of such bonds in two years. The… Continue reading Toyota to issue $1.5bn in bonds for EV, safety projects
Japan’s auto parts maker Ryobi to ‘gigacast’ EV body components
TOKYO — Ryobi, a major Japanese supplier of aluminum auto parts, will produce large electric-vehicle body parts using “gigacasting,” a technology that promises to reduce the manufacturing cost of a car body by 20%. Ryobi, which is using the technology to die cast one large aluminum component designed to replace dozens of steel parts, joins a slew of other auto parts… Continue reading Japan’s auto parts maker Ryobi to ‘gigacast’ EV body components
China’s auto group retracts pledge to avoid ‘abnormal pricing’
SHANGHAI (Reuters) — The China Association of Auto Manufacturers (CAAM), citing antitrust law, on Saturday retracted a pledge to avoid “abnormal pricing” made two days earlier by 16 automakers, including Tesla. Thursday’s CAAM-organized pledge by the companies, including Chinese electric vehicle (EV) makers Nio, Li Auto and Xpeng, had been interpreted by some as signaling… Continue reading China’s auto group retracts pledge to avoid ‘abnormal pricing’
Chinese EVs gain in Japanese automakers’ key markets
TOKYO — As electric vehicles make up a larger share of global auto sales, reaching 7% in Australia and Thailand, EV-laggard Japanese automakers risk losing more ground to Chinese rivals in markets where they traditionally thrived. EV sales in Asia and Oceania increased about 50% year-on-year to 530,000 units in May, according to data from… Continue reading Chinese EVs gain in Japanese automakers’ key markets
Toyota to transform car assembly with ‘gigacasting’ in EV shift
NAGOYA, Japan — As Toyota Motor turns its attention to electric vehicles, the automaker plans changes to save time and money that depart radically from the assembly line-driven process dominating the car industry since its earliest days. Toyota aims to use its new “gigacasting” production method to build a new electric vehicle model due out… Continue reading Toyota to transform car assembly with ‘gigacasting’ in EV shift
BYD, Tesla, 14 others in China agree to not compete ‘excessively’
SHANGHAI — Sixteen automakers — including China’s BYD, Tesla of the U.S., and Chinese state-owned companies that have formed joint ventures locally with major Japanese, U.S. and European automakers — on Thursday agreed to avoid creating excessive competition in the Chinese market, including ‘abnormal pricing.’ The rivals came to a compromise suggested by the Chinese… Continue reading BYD, Tesla, 14 others in China agree to not compete ‘excessively’
Singapore’s Spectronik eyes hydrogen vans for commercial fleets
SINGAPORE — Fuel cell developer Spectronik aims to begin a trial for a commercial van powered by hydrogen cells later this year as the Singapore-based provider of zero-emission energy sources accelerates its push into automotive applications. “The trials will provide proof of concept for the viability of hydrogen fuel in the commercial fleet vehicle space,” CEO Jogjaman… Continue reading Singapore’s Spectronik eyes hydrogen vans for commercial fleets