SHANGHAI/TOKYO — Electric vehicles were the stars of Auto Shanghai 2023, one of the world’s biggest auto shows that opened on Tuesday, reflecting just how rapidly China is adopting the transformative technology. Sales of new energy vehicles, a category mostly consisting of EVs, are on track to reach 9 million units this year, about a third of… Continue reading EVs on pace to make up third of China’s auto sales this year
Author: Nikki News Feed
Indonesia’s Merdeka Battery Materials gains 11% in stock debut
JAKARTA — Nickel producer Merdeka Battery Materials closed 11% higher in its stock market debut on Tuesday, becoming the latest company in Indonesia’s resource sector to go public amid rising demand for electric vehicles. The listing comes after the company raised 9.2 trillion rupiah ($620 million) in its initial public offering, making it the country’s second largest IPO… Continue reading Indonesia’s Merdeka Battery Materials gains 11% in stock debut
Volkswagen unveils electric luxury sedan at China auto show
SHANGHAI (AP) — Volkswagen unveiled an electric luxury sedan that promises a 700-kilometer (435-mile) battery range as global and Chinese automakers showed their latest SUVs, sedans and muscle cars Tuesday at the world’s biggest auto show. Auto Shanghai 2023 reflects the intense competition in China’s fast-growing electric vehicle market after the ruling Communist Party poured… Continue reading Volkswagen unveils electric luxury sedan at China auto show
EV makers to tout cutting-edge tech at Shanghai auto show
SHANGHAI — Auto Shanghai, one of the world’s biggest automobile shows, opens Tuesday with makers set to unveil a vast slate of new electric vehicle models and technologies in the country that boasts the largest EV market. The Shanghai International Automobile Industry Exhibition, as the show is formally known, features more than 1,000 Chinese and… Continue reading EV makers to tout cutting-edge tech at Shanghai auto show
Panasonic looking at 3 U.S. states for big EV battery spending
TOKYO — Panasonic Holdings is considering Oklahoma and two other U.S. states for a major investment as it plans to boost production of electric vehicle batteries in the country. The Japanese group signed an agreement with Oklahoma outlining an incentives package, Gov. Kevin Stitt said Friday, should Panasonic build its third U.S.-based plant in the state. Stitt told… Continue reading Panasonic looking at 3 U.S. states for big EV battery spending
Thailand, Indonesia emerge as bigger links in EV supply chain
BANGKOK — Thailand and Indonesia have become two of the hottest Asian destinations for investment in parts and materials for electric vehicles, as Japanese, Chinese and South Korean players race to get in at the start of EV production in the region. Japanese plastics maker Kuraray this month opened its first plant in Thailand. Go to Source
Nissan, VW, Rivian, BMW lose access to U.S. EV tax credits
(Reuters) — The U.S. Treasury said Monday that Volkswagen, BMW, Nissan, Rivian, Hyundai and Volvo electric vehicles will lose access to a $7,500 tax credit under new battery sourcing rules. The Treasury said the new requirements effective Tuesday will also cut by half credits for the Tesla Model 3 Standard Range Rear Wheel Drive to… Continue reading Nissan, VW, Rivian, BMW lose access to U.S. EV tax credits
Volkswagen to make EV batteries with Vale, Ford, Huayou in Indonesia
JAKARTA (Reuters) — Volkswagen will build an electric vehicle (EV) battery ecosystem in Indonesia and will partner with miner Vale, Ford and China’s battery minerals producer Zhejiang Huayou Cobalt, the Southeast Asian country’s investment minister said. Automakers are courting Indonesia for its raw materials used in producing EV batteries, which account for about 40% of… Continue reading Volkswagen to make EV batteries with Vale, Ford, Huayou in Indonesia
China self-driving startup seeks to cut vehicle costs with road sensors
China self-driving startup seeks to cut vehicle costs with road sensors – 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 China tech Allride.ai hopes to overcome barriers to widespread use of Level 4… Continue reading China self-driving startup seeks to cut vehicle costs with road sensors
Europe, Japan can help ease rollout of EV battery rules: EU official
BRUSSELS — Japan and the European Union can help electric vehicle makers and their suppliers navigate new regulations through technical cooperation, the EU’s environment policy commissioner said. “We could explore how to cooperate at the technical level to learn from each other and make it easier for different regulatory bodies to agree on common rules… Continue reading Europe, Japan can help ease rollout of EV battery rules: EU official