Thailand has approved a special tax deduction for companies that switch from traditional to electric trucks. (AFP/Jiji)
Automobiles

Thailand approves EV incentive program for commercial trucks, buses

Tax reduction measures aim to spur demand, reinforce status as regional hub

21 February 2024
Chinese electric vehicle maker BYD's booth at the Indonesia International Motor Show in Jakarta on Feb. 19. The company entered the country's car market last month. (Photo by Nana Shibata)
Automobiles

Indonesia EV competition heats up with VinFast and BYD debuts

Other Asian manufacturers also aim to grab market share with auto show offerings

20 February 2024
Hybrid vehicles have become increasingly popular in major markets as an easier-to-use alternative to EVs. (Photo by Shizuka Tanabe)
Automobiles

Hybrids lead EVs in sales growth as drivers seek convenience

Japanese automakers like Toyota poised to benefit from surge

20 February 2024
The anticipated regulatory order against Toyota Industries would follow similar action against fellow Toyota group member Daihatsu Motor. (Photo by Kazumi Saito)
Automobiles

Toyota forklift maker to face regulatory action over emissions cheating

Toyota Industries at risk of losing certification for excavator engine

20 February 2024
Honda vehicles are displayed at an auto show in New Delhi on Feb. 1. Mitsubishi Corp. plans to sell Japanese cars in India through an investment in a local company. (Photo by Ryosuke Hanada)
Automobiles

Mitsubishi Corp. to set up car dealer network in India

Japanese trading house to take 30%-plus stake in local company

19 February 2024
Customers visit a Leapmotor electric vehicle showroom in Yangon. (Photo by Nikkei)
Myanmar Crisis

Myanmar's military regime promotes EVs with a heavy hand

Tariff exemption, ban on gasoline-powered cars lead to influx of Chinese-made vehicles

17 February 2024
Mazda Motor has moved to Tokyo's bustling Roppongi district to better appeal to software engineers and startup entrepreneurs. (Photo by Sayumi Take) 
Automobiles

Mazda seeks startups, software engineers at new Tokyo hub

Automaker scouts personnel for electrification, developing auto software

16 February 2024
Sony Honda Mobility showed off its sedan EV at CES 2024 in Las Vegas, in the U.S. The joint venture has two other models on the way as well. (Photo by Tsuyoshi Tamehiro)
Automobiles

Sony and Honda EV venture to launch SUV and compact before 2030

Sony Honda Mobility plans to double workforce to 500 employees

14 February 2024
Toyota President Koji Sato, left, speaks to reporters on Feb. 13 with Masahiro Inoue, the incoming president of Daihatsu Motor.
Automobiles

Toyota brass to lead scandal-hit Daihatsu in management reshuffle

Automaker aims to reduce subsidiary's burden for vital overseas operations

14 February 2024
India became the world's third-largest automotive market last year, topping Japan.
Automobiles

Sona tops Nikkei's list of competitive Indian auto suppliers

Powertrain parts maker beats out Bosch subsidiary and JBM Auto

14 February 2024
BYD surpassed Tesla in global electric vehicle sales in the fourth quarter last year.
Automobiles

Tesla rival BYD weighs EV plant in Mexico

Chinese automaker's regional chief reveals plans with eye on U.S. market

14 February 2024
 Masahiro Inoue, right, the next president of Daihatsu, and Koji Sato, president of Toyota Motor, attend a news conference on Feb. 13 in Tokyo. (Photo by Yuki Nakao)
Automobiles

Toyota says president of scandal-hit Daihatsu unit to step down

Auto giant's Latin America, Caribbean region chief Inoue to replace Okudaira

13 February 2024
Toyota and Honda are some of the winners in the race toward decarbonization thanks to their hybrid vehicles. (Source photos by AP)
Automobiles

Hybrids in U.S., Europe reward Toyota and Honda as EV sales slow

Analysts welcome tailwind but concerns remain for lagging EV rollout

13 February 2024
The amorphous alloy used by Proterial is stronger and thinner than typical electrical steel sheet, making it challenging to work with. (Proterial)
Materials

EV motor alloy from Japan's Proterial trims power use by 5%

New core material could contribute to smaller, faster motors

13 February 2024
Beijing set up a group of government, academia and industry to speed development of solid-state batteries. (Source photos by Reuters; screenshot from Tsinghua University's social media)
Technology

CATL, BYD, others unite in China for solid-state battery breakthrough

Beijing forms national alliance in all-out effort to revolutionize the EV market

12 February 2024
Posters of the presidential election are seen in Jakarta on Feb. 8: Indonesians will choose their next leader on Feb. 14. (Photo by Ken Kobayashi)
Your Week in Asia

Indonesia election, Japan H3 rocket launch, Kakao earnings

Your weekly lineup of Asia's biggest business and political events

11 February 2024
Daihatsu halted all domestic vehicle production after the scandal came to light. (Photo by Kosaku Mimura)
Automobiles

Scandal-hit Daihatsu says it will take 40% longer to develop new cars

Japanese automaker vows to increase inspectors in comeback from safety test fixing

10 February 2024
An electric vehicle uses a Huawei-developed ultrafast charger at a public charging station in Shenzhen in December. (Photo by Shizuka Tanabe)
Electric cars in China

Huawei rolls out ultrafast EV chargers in China, taking on Tesla

'1 km-per-second' stations cater to increasingly advanced battery tech

8 February 2024
Chinese automakers like BYD are flooding some markets with inexpensive EVs.
Electric cars in China

China pushes EV makers to localize in overseas markets

Move meant to ease Western concerns about country's dominance

8 February 2024
South Korea's LG Chem expects its cathode manufacturing plant in the U.S. state of Tennessee to look like this image. (LG Chem)
Materials

LG Chem signs $19bn deal with GM to supply battery materials

South Korean company's long-term contract comes amid EV market slowdown

7 February 2024
Toyota will invest in Japan Advanced Semiconductor Manufacturing, a TSMC subsidiary that will operate its Kumamoto plant. (Photo by Arisa Moriyama)
Business deals

Toyota to invest in TSMC arm for 2nd Kumamoto chip plant in Japan

Automaker joins Denso and Sony in providing funds to boost key semiconductor industry

6 February 2024
Toyota Motor set a new record for market capitalization by a Japanese company in late January. (Photo by Masayuki Kozono)
Automobiles

Toyota raises profit forecast to record high amid strong sales

Hybrid and high-end cars show growth despite scandals at affiliates

6 February 2024
Compal President Martin Wong, far right, says the company is "evaluating locations" for a plant in Europe. (Photo by Lauly Li)
Supply Chain

Taiwan's Compal to build factory in Europe for supply chain diversification

Notebook maker also expanding into 5G, medical, server and automotive tech

6 February 2024
The output of lithium projects in South America, such as this one in Chile, have contributed to the glut in the material.
Commodities

Nickel and lithium prices plunge as Chinese EV demand loses steam

Production facilities shutting down due to worsening profitability

6 February 2024
A Tata Motors EV parked in Mumbai. Demand for electric cars is picking up in India. (Photo by Ken Kobayashi)
DealStreetAsia

Cheaper EVs remain a distant dream in India

Despite rush for local cell manufacturing, components are largely imported

5 February 2024