BANGKOK (Reuters) — China’s Hozon New Energy Automobile will make electric vehicles in Thailand for the Southeast Asian market, a Thai official said on Saturday, as it follows others in building facilities in the region’s major auto production hub. Hozon signed an agreement with Thailand’s Bangchan General Assembly this week to start production of its NETA V… Continue reading China’s Hozon to produce EVs in Thailand for Southeast Asian market
Author: Nikki News Feed
China’s EV industry braces for a shakeout as prices plunge
SHANGHAI — Amy Liu is unsure whether she should trade in her 5-year-old electric SUV for a newer model with a longer range or wait a bit longer. “If I place an order now, I’m afraid the price might drop next month,” the property agent in Shenzhen said. Go to Source
Sony makes game engine pillar of its EV strategy
TOKYO — Which company is more profitable, automotive component manufacturer Denso, or electronics parts maker Murata Manufacturing? Let us investigate this question using the consolidated operating income for the fiscal year ended March. Although both companies make components, the two are not often compared. This may change, however, as electric vehicles become more common and… Continue reading Sony makes game engine pillar of its EV strategy
China takes commanding lead in EV charging patents
TOKYO — Chinese companies have submitted more patent applications related to electric vehicle charging and battery swapping than rivals from any other country, achieving strides in key technologies to make the experience faster and more convenient. Chinese businesses filed 41,011 patent applications in these areas from 2010 to 2022, Tokyo-based analytics company Patent Result reports. Go to Source
Japan’s Sumitomo teams with Vodafone on in-car payments
TOKYO — Japanese trading house Sumitomo Corp. is entering the growing market for in-vehicle payments, partnering with the U.K.’s Vodafone to launch a SIM card-based service this year, Nikkei has learned. Sumitomo will acquire a 20% stake in Vodafone payment platform subsidiary DABCO, with plans to jointly start a service to add payment functions to… Continue reading Japan’s Sumitomo teams with Vodafone on in-car payments
Honda follows Apple model on EVs, working directly with suppliers
TOKYO — Honda is ramping up investment in domestic battery production and moving to partner directly with Taiwan Semiconductor Manufacturing Co. (TSMC) on procurement, part of a supply chain overhaul it hopes will supercharge its pivot to electric vehicles. The automaker’s new supply chain structure echoes that of tech giant Apple, which works directly with… Continue reading Honda follows Apple model on EVs, working directly with suppliers
Honda, others to receive $1.8bn in battery, semiconductor subsidies
Honda, others to receive $1.8bn in battery, semiconductor subsidies – 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 Politics Japan supports domestic production of critical items, including EV parts Honda Motor and GS Yuasa will invest… Continue reading Honda, others to receive $1.8bn in battery, semiconductor subsidies
Toyota affiliate Daihatsu rigged doors in safety test for 88,000 cars
TOKYO (Reuters) — Toyota Motor affiliate Daihatsu rigged part of the door in side-collision safety tests carried out for some 88,000 small cars, most of which were sold under the Toyota brand, the companies said on Friday. They said the door trim on the affected vehicles had been modified with a “notch” to minimize the risk in… Continue reading Toyota affiliate Daihatsu rigged doors in safety test for 88,000 cars
India’s Maruti Suzuki to boost production capacity by 1m units
India’s Maruti Suzuki to boost production capacity by 1m units – 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 Automaker bets big on growing domestic market and exports to Africa Maruti Suzuki’s… Continue reading India’s Maruti Suzuki to boost production capacity by 1m units
Honda, GS Yuasa to build Japanese battery factory in $3bn push
TOKYO — Honda Motor and Japanese battery maker GS Yuasa will invest over 400 billion yen ($2.99 billion) to develop and mass-produce cells for electric vehicles and homes in Japan through a joint venture to be set up this year, Nikkei has learned. As a first step, the companies will construct a domestic lithium-ion battery factory with… Continue reading Honda, GS Yuasa to build Japanese battery factory in $3bn push