A joint venture between Panasonic and Toyota in Japan has announced that it will cut battery manufacturing prices in half by 2022. According to foreign media on the 19th, ‘Prime Planet Energy & Solutions (PPES)’, a joint venture between the two companies, announced that it would reduce the manufacturing cost of electric vehicle batteries by… Continue reading Panasonic-Toyota plans to cut the cost of electric vehicle batteries in half
Tag: Toyota
@Toyota: Toyota to Launch All-New Aqua
Toyota Motor Corporation (Toyota) announced that it will launch its all-new Aqua on July 19, 2021. Go to Source
Top sponsor Toyota cancels all Olympic TV ads in Japan
TOKYO — Toyota Motor will not air any Olympic-related TV advertisements and company officials including President Akio Toyoda will not attend the opening ceremony or other events, despite the automaker being a top-tier sponsor. The decision, which the company confirmed on Monday, comes amid lukewarm public sentiment toward the Olympics, set to kick off Friday amid a… Continue reading Top sponsor Toyota cancels all Olympic TV ads in Japan
Suzuki to launch EVs by fiscal 2025, in India first
TOKYO — Japanese compact car maker Suzuki Motor will release its first all-electric vehicle by fiscal 2025, Nikkei has learned, a move that is likely to accelerate an EV shift in the category of compact cars. The new EV will be released first in India, Suzuki’s stronghold, to be followed by launches in Japan and… Continue reading Suzuki to launch EVs by fiscal 2025, in India first
EV growth propels Denso to close value gap with Honda and Ford
NAGOYA — Is a car worth more than the sum of its parts? This is a question posed by Japanese automotive supplier Denso’s near dead heat in market capitalization with Honda Motor and Ford Motor. Denso’s market cap stood at 5.78 trillion yen ($52.59 billion) as of Thursday, roughly 70% higher than a year earlier. Honda’s… Continue reading EV growth propels Denso to close value gap with Honda and Ford
SEE | These performance cars from other automakers also carry the ‘GT-R’ insignia | Wheels – News24
1995 McLaren F1 GTR at Le Mans. McLaren Media • BMW and Mercedes-Benz are some of the German automakers that have performance models with GTR in its name. • The first GT-R model from Nissan was launched in 1969. • Performance models with those three letters in its name generally meant it was fast. •… Continue reading SEE | These performance cars from other automakers also carry the ‘GT-R’ insignia | Wheels – News24
Toyota scraps Olympics TV adverts amid lukewarm support in Japan
Tokyo Olympic Games 2020 Toyota scraps Olympics TV adverts amid lukewarm support in Japan Tokyo 2020 sponsor’s executives pull out of opening ceremony Czech beach volleyball player tests positive in Olympic Village As well as not running Olympics-themed ads, Toyota’s executives will not attend the opening ceremony. Photograph: Michael Steinebach/AFLO/Rex/Shutterstock As well as not running… Continue reading Toyota scraps Olympics TV adverts amid lukewarm support in Japan
German Handelsblatt: Bilanzcheck: “Our lead should be two to three years”: How Volkswagen is tackling the next upheaval002475
Düsseldorf Herbert Diess certifies a bright future for the automotive industry. Because the electric drive makes vehicles cleaner and safer thanks to autonomous driving, interest in one’s own car is likely to increase significantly in the foreseeable future. “I am very optimistic about the future auto business,” said the Volkswagen CEO to the Handelsblatt. But… Continue reading German Handelsblatt: Bilanzcheck: “Our lead should be two to three years”: How Volkswagen is tackling the next upheaval002475
Audi will switch to agency model for EV sales – Automotive News Europe
BERLIN — Audi plans to switch to agency sales for its electric models starting in 2023. Through this model, cars will be sold directly by the brand to end customers, with dealers acting only as intermediaries. So far Audi has been selling its own EVs such as the e-tron and e-tron GT through its authorized… Continue reading Audi will switch to agency model for EV sales – Automotive News Europe
German Manager Magazin: 11 billion dollar valuation and hardly any income000951
The robot car company Aurora is the first promising developer of future technology to go public. So far from, among others Amazon supported company takes – like many start-ups currently – an abbreviation via the merger with an already listed company shell, a so-called Spac (“Special Purpose Acquisition Company”). Aurora is valued at around eleven… Continue reading German Manager Magazin: 11 billion dollar valuation and hardly any income000951