Volkswagen's ID.7, a luxury all-electric sedan with a 700-kilometer driving range on a full charge, premiered at the Shanghai auto show.
Business trends

In China's EV market, foreign automakers race to catch up

Volkswagen, Toyota and others unveil latest models at Shanghai auto show

20 April 2023
Tesla slashed prices in China, Japan, South Korea, Australia and the U.S., as it faces demand headwinds and intensified competition. 
Automobiles

Tesla profit falls 24% in Q1 after price cuts in China, other markets

U.S. electric vehicle maker reports revenue jump on record deliveries

20 April 2023
A Toyota Yaris Cross hybrid SUV, one of the models that may be newly assembled in Brazil. (Photo by Koji Uema)
Automobiles

Toyota to invest $334m to make compact biofuel hybrids in Brazil

Carmaker seeks to provide consumers with cheaper, eco-friendly vehicles

20 April 2023
Honda Motor will open dedicated EV production facilities in China as early as next year. (Photo by Shizuka Tanabe)
Electric cars in China

Honda and VW hedge bets on decoupling with China EV plants

Carmakers tout local plans at Shanghai auto show while eyeing U.S. subsidies

20 April 2023
Am Li L7 electric SUV from Li Auto is displayed at the Auto Shanghai show.
Electric cars in China

EVs on pace to make up third of China's auto sales this year

Tesla sparks price war, spurring demand from middle-income drivers

19 April 2023
Merdeka Battery Materials is the latest Indonesian company in the resources sector to list on the stock market. (Source photos by Reuters and logo from Merdeka Battery Materials website)
IPO

Indonesia's Merdeka Battery Materials gains 11% in stock debut

Nickel producer's IPO, latest in the country's resource sector, raised $620m

18 April 2023
The Shanghai auto show is one of the industry's largest exhibitions. (Photo by Tomoko Wakasugi)
Automobiles

EV makers to tout cutting-edge tech at Shanghai auto show

BYD to showcase luxury line, while Toyota to unveil new electric models

18 April 2023
Panasonic looks to benefit from state and federal subsidies to manufacture lithium-ion batteries in the U.S. (Photo by Yo Inoue)
Automobiles

Panasonic looking at 3 U.S. states for big EV battery spending

Japanese company eyes new factory in Oklahoma, expansion in Kansas or Nevada

18 April 2023
Japanese chemicals maker Kuraray recently began production of high-performance resins at a new plant in eastern Thailand. (Photo courtesy of Kuraray)
Supply Chain

Thailand, Indonesia emerge as bigger links in EV supply chain

Japanese, Chinese and South Korean suppliers get in ahead of vehicle production

18 April 2023
Allride.ai's cars have a notable lack of equipment on their exterior because much of the technology needed to guide them is on roads instead. (Photo by Noriyuki Doi)
China tech

China self-driving startup seeks to cut vehicle costs with road sensors

Allride.ai hopes to overcome barriers to widespread use of Level 4 automation

17 April 2023
Global battery demand is likely to outstrip supply in the near term, says Virginijus Sinkevicius, European commissioner for environment, oceans and fisheries. (Photo by EV/Georges Boulougouris)
Technology

Europe, Japan can help ease rollout of EV battery rules: EU official

Cooperation key to lowering regulatory burden on carmakers and suppliers

17 April 2023
Samsung Electronics CEO Kyung Kye-hyun, left, and Choo Kyung-ho, South Korea's finance minister, right, examine advanced semiconductor wafers in Pyeongtaek, South Korea on April 7. (Photo courtesy of South Korea's Ministry of Economy and Finance) 
Semiconductors

Samsung's profit woes cast shadow over South Korea's economy

Semiconductor downturn stokes calls to cut overreliance on single company

14 April 2023
A newly developed adapter allows a building's elevator to draw power from an electric car. (Photo courtesy of Hitachi Building Systems)
Automobiles

Hitachi, Nissan harness mini EV to power elevator for 15 hours

Potential as emergency power source for buildings highlighted

14 April 2023
Indonesia Investment Authority is preparing a EV-focused fund and is already "reviewing a deal pipeline," says Chief Investment Officer Stefanus Ade Hadiwidjaja. (Photo by Koya Jibiki)
Interview

Indonesia sovereign fund steps up EV plans with China's CATL

INA preparing pipeline of Nusantara projects, chief investment officer says

13 April 2023
A nickel processing facility operated by Harita Nickel on Obi Island in Indonesia. The company recorded the country's largest IPO so far this year.
IPO

Indonesia's Harita Nickel shares gain 4.4% in market debut

Battery materials producer raised $670m in country's largest IPO so far in 2023

12 April 2023
Honda is looking to strengthen its relationship with material suppliers.
Automobiles

Honda and POSCO to partner on EV battery recycling, materials

Japanese carmaker looks to strengthen parts supply chain amid rising demand

12 April 2023
A Hyundai Kona electric vehicle on display at the New York International Auto Show on April 5.
Automobiles

Hyundai Motor Group to invest $18bn in EVs by 2030

Carmaker to expand global production to 3.6m units and Kia to build new plant

11 April 2023
Samsung Display says it will supply premium, next-generation OLED panels to Italian luxury carmaker Ferrari. (Source photos by AP and Reuters)
Technology

Samsung Display to supply OLED panels to Ferrari for new models

South Korean company expanding presence in auto display market

11 April 2023
Shinnosuke Hayashi is to take over as Denso president and chief operating officer in June. (Photo by Kyohei Suga)
Automobiles

Toyota supplier Denso appoints new chief amid EV, software shift

Parts maker's new president to 'transform portfolio' in line with industry trends

10 April 2023
An assembly line at startup Rivian Automotive's electric vehicle factory in Normal, Illinois.
Automobiles

Japan automakers face U.S. supply chain challenge in EV shift

Laggards Toyota, Honda must find new local suppliers to compete in electrics

9 April 2023
Toyota Motor has been lagging in EV battery production capabilities compared to it's rivals. (Photo by Koji Uema) 
Automobiles

Toyota to debut 10 EV models by 2026 under new chief Koji Sato

Automaker prepares to expand capacity in U.S., with eye on rivals like Tesla

7 April 2023
Nissan Motor leads its Japanese peers in EV sales in Japan with its Sakura electric minicar. (Photo by Mizuho Miyazaki)
Automobiles

Japan EV sales just 2% of domestic market, trailing China and Europe

Nissan's Sakura minicar surges to top with affordable price

7 April 2023
BYD plans to release the U9 supercar under the luxury brand Yangwang. (Photo courtesy of BYD)
Electric cars in China

BYD eyes overtaking Tesla this year as world's top EV maker

Chinese automaker aims to double capacity in push to reach 3.6m vehicles sold globally

7 April 2023
Honda hopes that by offsetting electricity price hikes for its suppliers, they would be able to offer wage raises to their workers.
Automobiles

Honda to offset increase in suppliers' electricity bills

Japanese auto giant tries to lift SME burden to leave room for wage hike

6 April 2023
Panasonic is a maker for display control systems for automobiles. (Photo courtesy of Panasonic)
Automobiles

Panasonic teams with Amazon, Stellantis on car cabin systems

Japanese electronics giant looks to cash in on EV boom

6 April 2023