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Japan’s auto industry has an AI chip problem, says self-driving startup

TOKYO — The Japanese auto industry is facing higher costs and potentially less design freedom as artificial intelligence chips become more expensive and reliance on overseas companies like Nvidia grows, said the semiconductor development chief of Turing, a Tokyo-based self-driving startup. “Japanese chip companies were good for a more pure form of vehicle controls, but… Continue reading Japan’s auto industry has an AI chip problem, says self-driving startup

Nissan to make EVs for China’s Dongfeng Motor

GUANGZHOU — Nissan Motor will start producing electric vehicles for Chinese venture partner Dongfeng Motor in Wuhan by the end of the year, Nikkei has learned. The plant in central China currently produces the Ariya electric sport utility vehicle and X-Trail SUV, sold in China under the Dongfeng Nissan brand. Go to Source

Nissan to make EVs for China’s Dongfeng Motor

China’s Li says EVs and batteries meet domestic demand, enrich global supply

DALIAN, China (Reuters) — China’s Premier Li Qiang used his address at a World Economic Forum meeting in Dalian to hit back at accusations from the U.S. and EU that Chinese firms benefit from unfair subsidies and are poised to flood their markets with cheap green technologies. Li’s comments come as China and the European Union… Continue reading China’s Li says EVs and batteries meet domestic demand, enrich global supply

China’s BYD launches first EV sedan model in Japan

TOKYO — Chinese electric vehicle maker BYD released a new model sedan in Japan on Tuesday, hoping to raise its profile in a market dominated by domestic automakers. The new EV, the BYD Seal, is the company’s first sedan available in Japan and its third model sold in Japan overall, following the Atto 3 SUV… Continue reading China’s BYD launches first EV sedan model in Japan

SoftBank-backed Ola Electric set to become India’s first EV listing

BENGALURU — Ola Electric is set to become the first electric vehicle manufacturer to list its shares in India after it gained regulatory approval for an initial public offering, but analysts said the company will need to show investors it can turn a profit amid mounting competition. The SoftBank-backed startup received the greenlight earlier this… Continue reading SoftBank-backed Ola Electric set to become India’s first EV listing

Malaysia hopes BAIC tie-up can accelerate EV parts production

KUALA LUMPUR — Malaysia is banking on a partnership with Chinese state-backed automaker BAIC Motor to accelerate local production of electric vehicle components, as the Southeast Asian nation aims to ride the EV boom — without an EV brand of its own. Under an initial agreement signed earlier this year, BAIC and Gigafactory Malaysia (GMSB),… Continue reading Malaysia hopes BAIC tie-up can accelerate EV parts production

Tesla leads auto industry in profit per vehicle, earnings show

TOKYO — Nine of 12 top global automakers made more money per vehicle in fiscal 2023 than in the year before amid recovering supply chains and rising sales prices, with Tesla at the head of the pack. Nikkei divided net profit by the number of vehicles sold globally in QUICK-FactSet data for the world’s top… Continue reading Tesla leads auto industry in profit per vehicle, earnings show

Tesla leads auto industry in profit per vehicle, earnings show

Hyundai Motor’s union in South Korea votes to strike

SEOUL (Reuters) — Hyundai Motor’s unionized workers in South Korea voted for possible strike action after talks with the company over wage increases and an extension of the retirement age stalled, the automaker’s union said on Monday. The union, one of the biggest in the country with more than 43,000 members, said that almost 90% of its members… Continue reading Hyundai Motor’s union in South Korea votes to strike