KARAWANG, Indonesia — Indonesia’s first battery plant opened its doors on Wednesday, marking a major milestone in the country’s efforts to build a complete EV manufacturing ecosystem. The plant in Karawang, West Java province, was developed by HLI Green Power, a joint venture between South Korean battery producer LG Energy Solution and carmaker Hyundai Motor… Continue reading Indonesia’s first battery plant opens in major step for EV ambitions
Author: Nikki News Feed
BYD to open Thai factory as new EU tariffs on China EVs kick in
BANGKOK — Chinese electric vehicle champion BYD plans to mark the opening of its first factory in Southeast Asia on Thursday — a $486 million facility in Thailand’s Rayong province — with hefty price cuts for local buyers. The move, which will see the Atto 3 SUV discounted by up to 340,000 baht ($9,234), reflects… Continue reading BYD to open Thai factory as new EU tariffs on China EVs kick in
Tesla shares rally as Q2 deliveries fall less than expected
(Reuters) — Tesla on Tuesday reported a smaller-than-expected 5% drop in vehicle deliveries in the second quarter, as the electric carmaker’s price cuts and incentives helped mitigate cooling demand. Shares of the world’s most valuable automaker rallied more than 10% on Tuesday, hitting the highest level in nearly six months. The higher-than-expected deliveries data “greatly… Continue reading Tesla shares rally as Q2 deliveries fall less than expected
China EV makers Neta, Xpeng turn to Africa amid European backlash
GUANGZHOU — Chinese electric-vehicle manufacturers Neta Auto and Xpeng Motors are ramping up their push into Africa, shifting their overseas strategies amid trade frictions with Europe. Neta, a brand developed by EV startup Hozon New Energy Automobile, opened a flagship store in Kenya in late June. The dealership is Neta’s first in Africa. Go to… Continue reading China EV makers Neta, Xpeng turn to Africa amid European backlash
China EV makers Neta, Xpeng turn to Africa amid European backlash
GUANGZHOU — Chinese electric-vehicle manufacturers Neta Auto and Xpeng Motors are ramping up their push into Africa, shifting their overseas strategies amid trade frictions with Europe. Neta, a brand developed by EV startup Hozon New Energy Automobile, opened a flagship store in Kenya in late June. The dealership is Neta’s first in Africa. Go to… Continue reading China EV makers Neta, Xpeng turn to Africa amid European backlash
Tesla shares rally as Q2 deliveries top estimates despite 5% dip
(Reuters) — Tesla on Tuesday reported a smaller-than-expected 5% drop in vehicle deliveries in the second quarter, as the electric vehicle maker’s price cuts and incentives helped stimulate demand. Shares of the world’s most valuable automaker rallied more than 10% on Tuesday, hitting the highest level in over five months. The EV maker handed over… Continue reading Tesla shares rally as Q2 deliveries top estimates despite 5% dip
Geely raises annual export target on eve of European punitive tariffs
HONG KONG — Geely Automobile Holdings raised its annual export target for the year, just as the European Union prepares to slap extra punitive tariffs on Chinese electric vehicles this week. Gan Jiayue, director of the Hong Kong-listed automaker, said on Tuesday the company upgraded its full-year export target to 380,000 units from 300,000, which was set at the beginning of… Continue reading Geely raises annual export target on eve of European punitive tariffs
Nine dead in Seoul after car drives into crowd near city hall
SEOUL (Reuters) — A car hit pedestrians near Seoul city hall, killing nine people and injuring at least four, South Korean media reports said, citing police and fire officials. A police official told Reuters officers were investigating at the scene, and declined to give further information. YTN TV reported that the vehicle rammed into pedestrians standing… Continue reading Nine dead in Seoul after car drives into crowd near city hall
Japan industrial production disrupted by Daihatsu, Toyota woes
TOKYO — Japan’s industrial production is being whipped around by testing scandals involving some of its biggest automakers. Daihatsu Motor came under fire in 2023 for rigging new-vehicle safety tests. More recently, Daihatsu parent Toyota Motor acknowledged irregularities in safety testing for model certification. Go to Source
Mazda, Yamaha to restart shipments of 3 models after testing scandal
TOKYO — Mazda Motor and Yamaha Motor have been allowed to resume shipments of three vehicle models that had been flagged for improper testing, the Japanese government said Friday. The Ministry of Land, Infrastructure, Transport and Tourism lifted the suspension on shipments after concluding there were no safety problems with Mazda’s Roadster RF and Mazda2 and Yamaha’s YZF-R1 motorcycle. Go… Continue reading Mazda, Yamaha to restart shipments of 3 models after testing scandal