TOKYO — Japan’s leading auto parts maker and Toyota Motor supplier Denso is appointing a new chief with experience developing software, as the nation’s car industry scrambles to adapt to the rapid rise of electric vehicles and software-run vehicles. The company, a member of the Toyota group, has picked Senior Executive and Chief Software Officer… Continue reading Toyota supplier Denso appoints new chief amid EV, software shift
Author: Nikki News Feed
Tesla to build Shanghai factory to make Megapack batteries: Xinhua
SHANGHAI (Reuters) — Tesla will build a factory in Shanghai to make the Megapack energy storage product, Chinese state media outlet Xinhua reported on Sunday. Elon Musk’s automaker will break ground on the plant in the third quarter and start production in the second quarter of 2024, Xinhua reported from a signing ceremony in Shanghai. Complementing a… Continue reading Tesla to build Shanghai factory to make Megapack batteries: Xinhua
Japan automakers face U.S. supply chain challenge in EV shift
TOKYO — The U.S. program that subsidizes purchases of electric vehicle built in North America has triggered an investment rush by global automakers, but Japanese companies, which now account for less that 1% of EV production in that market, face an urgent need to create local supply chains to prevent being shut out of the bonanza. At… Continue reading Japan automakers face U.S. supply chain challenge in EV shift
Tesla cuts prices on all U.S. models for 3rd time this year
DETROIT, U.S. (AP) — Tesla cut prices on its entire U.S. electric vehicle model lineup for the third time this year in an apparent effort to lure more buyers amid rising interest rates. The largest of the cuts that appeared Friday on Tesla’s website were $5,000 per vehicle for the company’s slower-selling more expensive models,… Continue reading Tesla cuts prices on all U.S. models for 3rd time this year
Toyota to debut 10 EV models by 2026 under new chief Koji Sato
TOKYO — A week into his role, Koji Sato, the new president and CEO of Toyota Motor, made his first public speech in a livestreamed news conference on Friday afternoon, where he pledged to pursue electrification “in a practical manner,” matching the carmaker’s product offerings to the demands of particular regions. The world’s top automaker… Continue reading Toyota to debut 10 EV models by 2026 under new chief Koji Sato
Japan EV sales just 2% of domestic market, trailing China and Europe
TOKYO — Japan’s electric-vehicle sales are expanding rapidly, led by more affordable kei minicars. But EVs still accounted for just 2.1% of new passenger car sales here in fiscal 2022, compared with nearly 20% in China and Europe. Electric passenger car sales in Japan reached a record 77,238 units in the year ended March, 3.1… Continue reading Japan EV sales just 2% of domestic market, trailing China and Europe
BYD eyes overtaking Tesla this year as world’s top EV maker
GUANGZHOU — Chinese automaker BYD is positioning itself to surpass rival Tesla in global sales of fully electric vehicles, in part by scaling up capacity to double its overall sales volume for all types of autos this year. “Our goal starts at 3 million units,” BYD Chairman Wang Chuanfu said at an investors conference in Hong Kong late… Continue reading BYD eyes overtaking Tesla this year as world’s top EV maker
Honda to offset increase in suppliers’ electricity bills
TOKYO — Honda will pay a portion of the higher electricity costs incurred by its suppliers, lifting their financial burden so that they have room to raise wages as it aims to create a sustainable supply chain. Nikkei has learned that Honda has informed some of its primary suppliers, from whom it procures parts directly,… Continue reading Honda to offset increase in suppliers’ electricity bills
Panasonic teams with Amazon, Stellantis on car cabin systems
Panasonic teams with Amazon, Stellantis on car cabin systems – 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 Japanese electronics giant looks to cash in on EV boom Panasonic is collaborating with large… Continue reading Panasonic teams with Amazon, Stellantis on car cabin systems
Global key metal prices sink on sluggish Chinese auto demand
TOKYO — International prices of key metals used in auto production, including magnesium and lithium, are plunging, reflecting lackluster demand in China. The export price of Chinese magnesium, used for aluminum alloys, to Japan sank to around $2,950 per tonne in late March, the lowest price since May 2021, and 75% below the all-time high… Continue reading Global key metal prices sink on sluggish Chinese auto demand