JAKARTA — Indonesian nickel producer Merdeka Battery Materials, which is affiliated with Chinese battery giant Contemporary Amperex Technology (CATL), on Thursday said a smelter it is planning will cost an initial estimated $1.28 billion and be partly funded by proceeds from its ongoing initial public offering that could raise up to $580 million. Merdeka Battery,… Continue reading Merdeka Battery Materials puts $1.28bn price on nickel smelter plan
Author: Nikki News Feed
Toyota’s global sales set February record as parts shortage eases
TOKYO (Reuters) — Toyota Motor on Thursday said global sales hit a record for the month of February as it bounced back from severe pandemic-induced parts shortages, adding that worldwide production also increased for a second straight month. Japan’s biggest automaker said in a statement, however, that shortages of parts continue to be a problem.… Continue reading Toyota’s global sales set February record as parts shortage eases
Honda to roll out electric 2-wheelers in India with swappable batteries
Honda to roll out electric 2-wheelers in India with swappable batteries – 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 aims to scale up local capacity to 1m units a year… Continue reading Honda to roll out electric 2-wheelers in India with swappable batteries
Honda, Porsche race ahead in e-fuels as EU grants exemption
FRANKFURT, Germany/TOKYO — Japan’s Honda Motor and Germany’s Porsche are among the automakers well-positioned to capitalize on the European Union’s decision to allow sales of new combustion-engine vehicles that run on climate-neutral synthetic fuels beyond its 2035 deadline. Developers of synthetic fuels, also known as e-fuels, have been focusing on planes and ships, which are… Continue reading Honda, Porsche race ahead in e-fuels as EU grants exemption
China tensions open door for Hyundai to buy GM’s India plant
NEW DELHI — General Motors is poised to sell its Indian plant to Hyundai Motor, after a chill in relations between New Delhi and Beijing derailed a deal with a Chinese automaker first announced over three years ago. Hyundai Motor India said on March 13 that it signed a term sheet to potentially acquire a… Continue reading China tensions open door for Hyundai to buy GM’s India plant
Toyota’s new chief Koji Sato vows to get serious about EVs
TOKYO — Koji Sato said “yes” to the question, but his answer may have been barely audible over the roaring race car engines and cheering fans. It was mid-December at a motor sport circuit in Thailand and Sato had casually been asked whether he would take over as president of the world’s biggest carmaker, Toyota… Continue reading Toyota’s new chief Koji Sato vows to get serious about EVs
U.S. and Japan strike trade deal on EV battery minerals
WASHINGTON (Reuters) — The United States and Japan on Tuesday announced a trade deal on electric-vehicle battery minerals that is key to strengthening their battery supply chains and granting Japanese automakers wider access to a new $7,500 U.S. EV tax credit. The swiftly negotiated agreement prohibits the two countries from enacting bilateral export restrictions on… Continue reading U.S. and Japan strike trade deal on EV battery minerals
Chinese EV startup Nio to install 1,000 battery swap stations
SHANGHAI — Electric vehicle startup Nio plans to set up an additional 1,000 battery swap stations in China this year as part of its dual strategy to push both battery charging and swap facilities for customer convenience. Nio has been building a network of battery swap stations since 2018, with more than 1,300 in China. Of the 1,000… Continue reading Chinese EV startup Nio to install 1,000 battery swap stations
EU countries approve 2035 phaseout of CO2-emitting cars
BRUSSELS (Reuters) — European Union countries gave final approval on Tuesday to a landmark law to end sales of new CO2-emitting cars in 2035, after Germany won an exemption for cars running on e-fuels. The approval from EU countries’ energy ministers means Europe’s main climate policy for cars can now enter into force — after weeks of delay… Continue reading EU countries approve 2035 phaseout of CO2-emitting cars
Chang’an, Chery, Dongfeng Motor join Tesla’s China price war
A brutal price war is raging across China’s auto sector, catalyzing a profound overhaul of the world’s largest car market, as makers of new energy vehicles and conventional fossil fuel cars face off to win a greater share of a market rattled by slowing sales. The first shot was fired by U.S. electric vehicle (EV)… Continue reading Chang’an, Chery, Dongfeng Motor join Tesla’s China price war