JAKARTA — From coal miners to conglomerates, Indonesia’s burgeoning electric vehicle and battery scene is attracting broad local corporate interest buoyed by the country’s rich nickel resources and government promises of incentives. The involvement comes as global EV makers including China’s BYD and Tesla of the U.S. have either signed or are “finalizing” deals to… Continue reading Indonesia’s nickel riches spur local company EV, battery ambition
Author: Nikki News Feed
Tesla prepares new Silicon Valley office to recruit AI talent
PALO ALTO, U.S. — Tesla is close to setting up a large office in the middle of Silicon Valley, Nikkei has learned. In late January, Nikkei spotted a small street-level sign at the entrance to a large office building along an avenue with a view to Hoover Tower, a Stanford University campus landmark. The sign bore… Continue reading Tesla prepares new Silicon Valley office to recruit AI talent
Soccer star Keisuke Honda’s fund invests in India-focused EV startup
MUMBAI — Former Japanese soccer star Keisuke Honda’s venture capital fund recently invested in Terra Motors, a Japanese manufacturer and seller of three-wheeled electric vehicles with a focus on India. The size of the investment from KSK Angel Fund has not been disclosed but is believed to be small. Go to Source
Nissan-Renault new chapter should be based on innovation, not scale
Japanese automaker Nissan Motor and French counterpart Renault have finalized the framework for an agreement to change the structure of their partnership. Renault currently holds 43% of Nissan’s shares, but with the new agreement each company will hold 15% of the other’s shares. This will make the partnership more equal. We will pay close attention… Continue reading Nissan-Renault new chapter should be based on innovation, not scale
Foxconn’s new EV exec Jun Seki had insider’s view at Nissan, Nidec
TAIPEI/KYOTO, Japan — After working for both Nissan Motor and Japanese EV motor maker Nidec, Jun Seki will reboot his automotive industry career at one of the electric vehicle market’s newest players, Foxconn. As the chief strategy officer of Foxconn’s EV business from Wednesday, Seki will navigate the Taiwanese iPhone assembler’s drive to go from zero to… Continue reading Foxconn’s new EV exec Jun Seki had insider’s view at Nissan, Nidec
Geely to float arm of carmaker Lotus via $5.4bn deal with LVMH vehicle
LONDON (Financial Times) — China’s Geely will list part of its sports car brand Lotus in the U.S. through a merger with a shell company that was founded by an LVMH-backed investment group in a deal that values the automaker at $5.4 billion. The merger announced on Tuesday will be between Lotus Technology, which has… Continue reading Geely to float arm of carmaker Lotus via $5.4bn deal with LVMH vehicle
Nissan-Renault alliance changes lanes as roles reverse
Nissan-Renault alliance After rescuing Japanese partner, French automaker now in need of boost The Renault City K-ZE electric car at the Shanghai auto show in 2019. The automaker seeks to launch an EV unit as early as this year. © Reuters SOTARO YUMAE, Nikkei staff writerFebruary 1, 2023 03:47 JST | Japan TOKYO — Over… Continue reading Nissan-Renault alliance changes lanes as roles reverse
China’s BYD starts EV sales in Japan as it chases Tesla
YOKOHAMA, Japan — Chinese automaker BYD began selling electric vehicles in Japan on Tuesday as it pursues its global ambitions to overtake more established nameplates. BYD’s debut in the world’s fourth largest auto market comes with it having secured its place as China’s top EV seller and nipping at the heels of American EV giant Tesla in… Continue reading China’s BYD starts EV sales in Japan as it chases Tesla
Nissan-Renault alliance overhaul reflects pivot from scale to tech
TOKYO — The deal announced Monday between Nissan Motor and Renault reworks the Japanese-French alliance for an era in which automakers need to consider more than just expansion as they pick their partners. Under the deal, Renault will cut its stake in Nissan to 15%, putting the capital relationship on an equal footing, and Nissan… Continue reading Nissan-Renault alliance overhaul reflects pivot from scale to tech
Foxconn hires former Nissan exec Jun Seki as EV strategy head
Technology Auto veteran also served as chief of motor maker Nidec until last year Japan auto industry veteran Jun Seki has been hired as Foxconn’s chief strategy officer of its electric vehicle business. (Photo by Atsushi Ooka) LAULY LI, Nikkei Asia tech correspondentJanuary 30, 2023 17:30 JST | Taiwan TAIPEI — Foxconn has named Japan auto… Continue reading Foxconn hires former Nissan exec Jun Seki as EV strategy head