HO CHI MINH CITY — VinFast’s latest ambition is to sell electric vehicles across Southeast Asia, and it requires the Vietnamese company to cover new terrain: right-side steering. The automaker, founded by Vietnam’s richest man, will retrofit four of its EVs accordingly, VinFast said late on Wednesday from Bangkok. It did not specify which Southeast… Continue reading Vietnam’s VinFast to sell EVs in ASEAN with eye on 2025 profit
Author: Nikki News Feed
Alibaba transfers self-driving research team as revamp accelerates
Alibaba Group has transferred its autonomous driving research team under the DAMO Academy to its logistics arm, Cainiao Network Technology, as part of a sweeping business revamp kicked off earlier this year, Cainiao confirmed Tuesday with Caixin. Some staffers from the DAMO Academy’s autonomous driving business will be transferred to Cainiao, while others will be… Continue reading Alibaba transfers self-driving research team as revamp accelerates
Tesla restarts India market talks, proposing new factory: source
NEW DELHI (Reuters) — Tesla has proposed setting up a factory in India to build electric cars for domestic sale and export, the carmaker told government officials on Wednesday, according to a source with direct knowledge of the matter. The proposal comes after India refused to agree to Tesla’s request last year to lower the… Continue reading Tesla restarts India market talks, proposing new factory: source
Indonesia EV show attracts Chinese manufacturers
JAKARTA — Chinese electric vehicle manufacturers and battery suppliers showed up in force on Wednesday at an auto show in Indonesia, as they look to take advantage of the resource-rich country’s promotion of environmentally friendly transport. More than 50 local and foreign companies, including motorcycle makers and charging businesses, are taking part in the Periklindo… Continue reading Indonesia EV show attracts Chinese manufacturers
EVs replace smartphones as earnings driver for Japan parts makers
TOKYO/KYOTO, Japan — As global smartphone sales plateau, many of Japan’s biggest electronic parts makers see components for electric vehicles powering profit growth in the new fiscal year. Combined profits at the top eight players are forecast to rise for the first time in two years. They expect consolidated net profit to grow 8% on… Continue reading EVs replace smartphones as earnings driver for Japan parts makers
Foxconn accelerates drive for in-house EV chips
TAIPEI — Taiwan’s Hon Hai Precision Industry is ramping up efforts to produce automotive semiconductors in-house, as the company, best known for building iPhones for Apple, seeks more profitable pastures in electric vehicle assembly. The manufacturer commonly known as Foxconn is confident it can “provide customers with the most competitive automotive solutions,” Jun Seki, chief… Continue reading Foxconn accelerates drive for in-house EV chips
Nissan operations chief Gupta to leave board, company says
TOKYO (Reuters) — Nissan’s Chief Operating Officer Ashwani Gupta will not be reappointed to the board when his term expires next month, the automaker said on Friday, casting doubt on the future of the high-profile executive who had been seen in the running for CEO. The departure from the board of directors of the former longtime… Continue reading Nissan operations chief Gupta to leave board, company says
Vietnam EV maker VinFast aims to list in U.S. via SPAC
Vietnam EV maker VinFast aims to list in U.S. via SPAC – 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 Lossmaking Vingroup auto division valued at $23bn under deal VinFast displays vehicles… Continue reading Vietnam EV maker VinFast aims to list in U.S. via SPAC
More than 2m Toyota users face risk of vehicle data leak in Japan
TOKYO (Reuters) — Toyota Motor said on Friday the vehicle data of about 2.15 million users was left publicly available in Japan for about a decade from November 2013 to mid-April. The incident comes as the world’s biggest automaker by sales makes a push into vehicle connectivity that is seen as crucial to offering services… Continue reading More than 2m Toyota users face risk of vehicle data leak in Japan
Nissan, Honda see double-digit profit gain as chip shortage eases
TOKYO — Nissan Motor and Honda Motor expect double-digit growth in net profit for the year ending March 2024 as the chip shortage wanes, though the Japanese automakers face challenges from tough competition in China and surging U.S. interest rates. “It’s a tough environment, but production volume will grow from our new models and the recovery in the semiconductor supply chain,” Nissan President… Continue reading Nissan, Honda see double-digit profit gain as chip shortage eases