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 roll out of EV battery rules: EU official
Author: Nikki News Feed
Panasonic eyes third EV battery plant in U.S.
OSAKA — Panasonic Holdings is considering building a new automotive battery plant in the U.S. state of Oklahoma, Nikkei has learned. The Japanese electronics maker has inked a contract with the state that stipulates the terms of a subsidy it would receive if it goes ahead with the plant. The company aims to capture growing… Continue reading Panasonic eyes third EV battery plant in U.S.
Samsung’s profit woes cast shadow over South Korea’s economy
SEOUL — Choo Kyung-ho, South Korea’s finance minister, visited an expansive Samsung Electronics facility south of Seoul last Friday to check out semiconductor production lines operated by the global tech giant, the dominant force in the country’s economy and a source of pride for many of its citizens. “Semiconductors are called the rice of industry,… Continue reading Samsung’s profit woes cast shadow over South Korea’s economy
Hitachi, Nissan harness mini EV to power elevator for 15 hours
TOKYO — Hitachi and Nissan Motor have succeeded in using an electric minicar to power an elevator for nearly 15 hours straight in a recent experiment, demonstrating how electric vehicles can be used as a power source in an emergency. Nissan’s Sakura EV, which is equipped with a 20 kilowatt-hour battery, was connected to a… Continue reading Hitachi, Nissan harness mini EV to power elevator for 15 hours
Indonesia sovereign fund steps up EV plans with China’s CATL
JAKARTA — The Indonesia Investment Authority, or INA, is setting up a special fund with Chinese battery giant Contemporary Amperex Technology (CATL) to help develop the emerging industry in the Southeast Asian country, a senior executive said in a recent interview. Stefanus Ade Hadiwidjaja, chief investment officer of the sovereign wealth fund tasked with attracting… Continue reading Indonesia sovereign fund steps up EV plans with China’s CATL
U.S. proposes big cut in vehicle emissions by 2032, requiring EV jump
WASHINGTON (Reuters) — The U.S. Environmental Protection Agency on Wednesday proposed sweeping emissions cuts for new cars and trucks through 2032, a move the agency says could mean two out of every three new vehicles automakers sell will be electric within a decade. The proposal, if finalized, represents the most aggressive U.S. vehicle emissions reduction… Continue reading U.S. proposes big cut in vehicle emissions by 2032, requiring EV jump
Indonesia’s Harita Nickel shares gain 4.4% in market debut
JAKARTA — Shares of nickel producer Trimegah Bangun Persada, better known as Harita Nickel, shook off a slow start to close more than 4% higher in their trading debut Wednesday on the Jakarta bourse in Indonesia’s largest initial public offering so far this year. Harita Nickel raked in 9.997 trillion rupiah ($673 million) in IPO proceeds ahead of the listing, falling… Continue reading Indonesia’s Harita Nickel shares gain 4.4% in market debut
Honda and POSCO to partner on EV battery recycling, materials
TOKYO — Honda Motor has begun exploring a partnership with South Korean steelmaker POSCO Holdings on recycling electric vehicle batteries and other initiatives, the Japanese carmaker announced Tuesday, as it aims to strengthen a crucial procurement relationship. Honda has an established relationship with POSCO in the procurement of steel sheets for auto bodies. The companies will now explore the… Continue reading Honda and POSCO to partner on EV battery recycling, materials
Hyundai Motor Group to invest $18bn in EVs by 2030
SEOUL — Hyundai Motor Group said on Tuesday that it will invest 24 trillion won ($18 billion) by 2030 to expand production of electric vehicles, accelerating its transition away from gasoline-powered cars. The group, which includes affiliate Kia, said in a news release that it would expand annual EV production in South Korea to 1.5 million vehicles and global volume… Continue reading Hyundai Motor Group to invest $18bn in EVs by 2030
Samsung Display to supply OLED panels to Ferrari for new models
SEOUL — Samsung Display will supply premium, next-generation display panels to Ferrari for the Italian luxury carmaker’s new models, targeting the fast-growing automotive market as it expands beyond smartphones and televisions. The affiliate of Samsung Electronics on Tuesday said it signed a memorandum of understanding with Ferrari to sell displays on which pictures are formed… Continue reading Samsung Display to supply OLED panels to Ferrari for new models