Nissan considering claiming damages against Ghosn, CEO says

FILE PHOTO: Former Nissan Motor Chairman Carlos Ghosn sits inside a car as he leaves his lawyer’s office after being released on bail from Tokyo Detention House, in Tokyo, Japan, March 6, 2019. REUTERS/Issei Kato/File Photo TOKYO (Reuters) – Nissan Motor Co is considering claiming damages against ousted boss Carlos Ghosn over alleged financial misconduct,… Continue reading Nissan considering claiming damages against Ghosn, CEO says

Nissan CEO tells shareholders Ghosn scandal won’t be fixed overnight

FILE PHOTO: Former Nissan Motor Chairman Carlos Ghosn sits inside a car as he leaves his lawyer’s office after being released on bail from Tokyo Detention House, in Tokyo, Japan, March 6, 2019. REUTERS/Issei Kato/File Photo YOKOHAMA, Japan (Reuters) – Nissan Motor Co Ltd Chief Executive Hiroto Saikawa began an extraordinary shareholders meeting on Monday… Continue reading Nissan CEO tells shareholders Ghosn scandal won’t be fixed overnight

Nio teases sleek ET7 coupe, to include next-generation power system

Teaser for Nio ET7 concept
Nio, one of a handful of Chinese electric carmakers aiming to be Tesla competitors, just teased its next mass-market car, expected to debut at the Shanghai auto show later this month.

Its latest car looks set to be a four-door luxury fast-back, perhaps similar to shadows of a car known as the EVE Vision shown in earlier Nio press materials as following the SUVs. It's sleeker and perhaps smaller than that angular hatchback, though. The teaser shot suggests the ET7 would have rear-hinged “suicide doors” in back, though the picture is far from clear.

READ THIS: NIO aiming to innovate with battery cooling, patents suggest

Nio calls the concept the ET7, and says that it will feature the company's new “comprehensive power solution” it calls Nio Power, perhaps including new proprietary battery cooling technology.

The company says the ET7 will include the now requisite show-car Level 4 self-driving technology—easy to include in a concept car that doesn't yet drive anywhere, with or without a driver.

CHECK OUT: Nio ES8 electric SUV to go on sale in China this month; half the price of Tesla Model X

The ET7 follows Nio's ES8 flagship eight-passenger SUV and the slightly shortened six-passenger ES6, as well as the EP9 electric supercar for the track.

Nio has become known as one of the more serious Chinese electric car companies after it raised $1 billion on the New York Stock Exchange in September, and because of its success with the EP9, ES8, and in fielding a team in electric Formula E racing. In its earnings report for the first quarter, Nio said it delivered 3,898 vehicles, about 5 percent higher than expected.

DON'T MISS: Electric carmaker Nio begins trading on NYSE, aims to sell cars in US

It has grown to 9,000 employees after starting just five years ago. The company says it is focused on the Chinese market, but plans eventually to export cars to the U.S. as well. It has a design, engineering, and manufacturing centers in San Jose, California, as well as Shanghai, Beijing, London, and Munich, Germany.

More details will be revealed at the Shanghai show media days, April 16 and 17.

SK Innovation To Build New Battery Separator Plant In Poland

SK Innovation secures supplies of battery separators for lithium-ion batteries SK Innovation announced a new battery separator plant to be built in Poland, in the southern part of the country (Województwo Śląskie), as part of a plan to establish a global production base and become a leader in the separator market. The project will be… Continue reading SK Innovation To Build New Battery Separator Plant In Poland

Fiat Chrysler to pay Tesla hundreds of millions of euros to pool fleet

(Reuters) – Italian-U.S. carmaker Fiat Chrysler Automobiles NV (FCA) has agreed to pay electric carmaker Tesla Inc hundreds of millions of euros to allow Tesla vehicles to be counted in its fleet to avoid fines for violating new European Union emission rules. FILE PHOTO: Fiat Chrysler Automobiles (FCA) headquarters are seen in Turin, Italy, July… Continue reading Fiat Chrysler to pay Tesla hundreds of millions of euros to pool fleet

UPDATE 2-Fiat Chrysler to pay Tesla hundreds of millions of euros to pool fleet

(Reuters) – Italian-U.S. carmaker Fiat Chrysler Automobiles NV (FCA) has agreed to pay electric carmaker Tesla Inc hundreds of millions of euros to allow Tesla vehicles to be counted in its fleet to avoid fines for violating new European Union emission rules. FILE PHOTO: Fiat Chrysler Automobiles (FCA) headquarters are seen in Turin, Italy, July… Continue reading UPDATE 2-Fiat Chrysler to pay Tesla hundreds of millions of euros to pool fleet

S Korea’s LG Chem sets up JV with Vietnamese car-maker VinFast

April 7, 2019 South Korea’s LG Chem said on Sunday that it has set up a joint venture with Vietnam’s VinFast Trading and Production to produce lithium-ion batteries for the Vietnamese carmaker’s electric scooters and electric vehicles. The two companies established their joint venture factory in the Vietnamese northern port city of Hai Phong, with an aim… Continue reading S Korea’s LG Chem sets up JV with Vietnamese car-maker VinFast