BEKASI, Indonesia — A joint venture between tech giant GoTo and energy company TBS Energi Utama began construction of a new electric scooter factory on Friday, aiming to capture a demand boost from the Indonesian government’s EV subsidy program. “The production could reach up to 1 million units per year,” said Pandu Sjahrir, CEO of… Continue reading Indonesia’s GoTo-affiliated e-scooter maker starts building factory
Author: Nikki News Feed
Hyundai aims to reverse weak EV sales in Japan via online blitz
TOKYO/SEOUL — South Korea’s Hyundai Motor is stepping up efforts to boost sales in Japan after the automaker’s reentry in 2022, partnering with a business well-versed in data marketing to enhance its online presence. “We will develop online sales by using data and increase the satisfaction of every customer,” CEO Chang Jaehoon told Nikkei on… Continue reading Hyundai aims to reverse weak EV sales in Japan via online blitz
The BTS bump: How K-pop drove Korea Inc to go big in the U.S.
NEW YORK/PALO ALTO — In more than a decade as an auditor, Jae Kim had never been asked a crunch question like the one directed his way by a Georgia state representative during a meeting on South Korean corporate investments: “Have you watched ‘Itaewon Class?’” “At that moment, I was like, wow, K-drama is pretty… Continue reading The BTS bump: How K-pop drove Korea Inc to go big in the U.S.
Thailand’s PTT triples 2023 investments to $2.6bn ahead of EV rollout
BANGKOK — Thai state-owned oil and gas group PTT will roughly triple its investments this year from initial plans to 93.5 billion baht ($2.6 billion) as it prepares to begin production of electric vehicles. PTT had initially planned to invest 33.3 billion baht in 2023. Go to Source
Flying car maker Lilium plans China office ahead of sales approval
Tencent-backed German aerospace company Lilium plans to set up a regional headquarters in southern China’s Shenzhen as a first step in a partnership to sell its all-electric air vehicle in the Asia-Pacific region, starting in the Greater Bay Area. The Bao’an District of Shenzhen municipality, where Tencent Holdings is based, said Monday that it has… Continue reading Flying car maker Lilium plans China office ahead of sales approval
Japan’s Panasonic Energy considers supplying EV batteries to Mazda
TOKYO — Panasonic Energy said on Wednesday that it may supply cylindrical batteries for electric vehicles to Mazda Motor in the second half of this decade, as it pushes to attract new customers and diversify away from biggest buyer Tesla. The move by the Japanese battery maker, an affiliate of Panasonic Holdings, comes as multiple… Continue reading Japan’s Panasonic Energy considers supplying EV batteries to Mazda
Japan’s Panasonic Energy considers supplying EV batteries to Mazda
TOKYO — Panasonic Energy said on Wednesday that it may supply cylindrical batteries for electric vehicles to Mazda Motor in the second half of this decade, as it pushes to attract new customers and diversify away from biggest buyer Tesla. The move by the Japanese battery maker, an affiliate of Panasonic Holdings, comes as multiple… Continue reading Japan’s Panasonic Energy considers supplying EV batteries to Mazda
Elon Musk ‘confident’ Tesla will very soon be in India
NEW YORK/MUMBAI — Tesla Chief Executive Elon Musk said on Tuesday that he expects his electric vehicle company will soon invest in India, a fast-growing auto market. “I am confident that Tesla will be in India, and will do so as soon as humanly possible,” Musk was quoted saying after meeting with Indian Prime Minister… Continue reading Elon Musk ‘confident’ Tesla will very soon be in India
Elon Musk ‘confident’ Tesla will very soon be in India
NEW YORK/MUMBAI — Tesla Chief Executive Elon Musk said on Tuesday that he expects his electric vehicle company will soon invest in India, a fast-growing auto market. “I am confident that Tesla will be in India, and will do so as soon as humanly possible,” Musk was quoted saying after meeting with Indian Prime Minister… Continue reading Elon Musk ‘confident’ Tesla will very soon be in India
Carlos Ghosn sues Nissan for $1bn in Lebanon
BEIRUT (Reuters) — Carlos Ghosn said on Tuesday he will fight “to the end” in a $1 billion lawsuit the former Nissan chairman has brought against the Japanese carmaker, marking his first such challenge. Ghosn’s lawsuit, which he filed in Lebanon and a copy of which was seen by Reuters, includes allegations of defamation, slander,… Continue reading Carlos Ghosn sues Nissan for $1bn in Lebanon