TOKYO — Honda will adapt its two production lines at an Ohio plant to making electric vehicles which it hopes to launch in 2026, as it strives to create a fully integrated production line for such automobiles. The revamp, scheduled to complete as early as January 2024, will enable its Marysville plant in Ohio to produce both electric and… Continue reading Honda to convert existing U.S. factories to make EVs
Author: Nikki News Feed
Nidec’s hunt for Nagamori successor leads to 5 new vice presidents
KYOTO, Japan — Japanese motor maker Nidec will appoint five vice presidents as of April 1 and promote one of them to president a year later, the company said Monday, in a transition that will see founder Shigenobu Nagamori step down as chairman and CEO. “Any one of the five would be suitable” as the next president, Nagamori said at an… Continue reading Nidec’s hunt for Nagamori successor leads to 5 new vice presidents
China battery giant CATL’s profit surges 93% on booming demand
BEIJING — Net profit for Chinese manufacturer CATL jumped 93% last year to 30.7 billion yuan ($4.41 billion) as the world’s largest supplier of electric vehicle batteries enjoyed a surge in deliveries that offset headwinds from higher raw material prices. Revenue for 2022 grew 150% to 328.5 billion yuan, the company formally known as Contemporary… Continue reading China battery giant CATL’s profit surges 93% on booming demand
Mitsubishi Motors to invest $12bn in green cars by 2030
Mitsubishi Motors to invest $12bn in green cars by 2030 – 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 automaker aims to ‘double’ revenue from Southeast Asia Mitsubishi Motors plans to… Continue reading Mitsubishi Motors to invest $12bn in green cars by 2030
Isuzu to make executive Shinsuke Minami president and COO
TOKYO — Isuzu Motors is set to promote Managing Executive Officer Shinsuke Minami to the position of president and chief operating officer, effective April 1, Nikkei has learned. This is the first change of president for the Japanese automaker in about eight years. The current president, Masanori Katayama, will become chairman and CEO with representative… Continue reading Isuzu to make executive Shinsuke Minami president and COO
Hitachi offers EV dispatch system to blackout-hit areas
Hitachi offers EV dispatch system to blackout-hit areas – 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 Technology Vehicle batteries will supply electricity to evacuation centers after disasters Hitachi has teamed up with Nissan… Continue reading Hitachi offers EV dispatch system to blackout-hit areas
China’s Xi has mixed feelings on CATL battery market dominance
SHANGHAI (Reuters) — Chinese President Xi Jinping told CATL on Monday he had mixed feelings about its status as the world’s largest battery maker — remarks that come at a time when the company is rapidly expanding abroad and moving to undercut domestic rivals. After a presentation by CATL Chairman Zeng Yuqun who described how… Continue reading China’s Xi has mixed feelings on CATL battery market dominance
Japan startup to convert gasoline vans into battery-swap EVs
TOKYO — Japanese startup Fomm will next month launch a new service converting gasoline-powered vehicles into electric ones by installing a battery and a motor on them, a move that could potentially accelerate the adoption of EVs in Japan, Nikkei has learned. Fomm will also swap its customers’ batteries, to help them save time spent… Continue reading Japan startup to convert gasoline vans into battery-swap EVs
Tokyo wants 150 times as many EV chargers at apartments in 2030
TOKYO — Japan’s capital will more than double certain subsidies for residential electrical-vehicle chargers next year as part of an effort to increase the number available at apartment buildings 150-fold in less than a decade, albeit from a low base. New apartment towers will also be required to have EV chargers starting in fiscal 2025 — the… Continue reading Tokyo wants 150 times as many EV chargers at apartments in 2030
Indonesia unveils EV subsidies to woo Tesla, BYD
JAKARTA — Indonesia announced on Monday a subsidy program for electric cars, scooters and buses in its latest move to boost EV adoption in the country and help win investment deals with global EV makers, such as Tesla of the U.S. and China’s BYD. Under the scheme to take effect on March 20, an electric… Continue reading Indonesia unveils EV subsidies to woo Tesla, BYD