Automobiles

Toyota expects to produce about 200,000 EVs in the U.S. annually from 2026 onward. (Photo by Koji Uema)
Automobiles

Toyota to start EV production in U.S. in 2025

Japanese automaker aims to ramp up global output to 1m electric vehicles by 2026

22 February 2023
BYD unveiled its luxury Yangwang brand on Jan. 5. (Screenshot from BYD website)
Electric cars in China

China's BYD poised to vie with Tesla in luxury EV market

Low profits drive maker into high-end segment, but company faces curbs overseas

19 February 2023
Nissan's Sylphy line, which includes hybrids, remains popular in China with its upscale interiors and affordability. (Photo courtesy of Nissan)
Automobiles

Nissan's China EV game plan key to jump-starting stalled stock

Revamping major markets including U.S. crucial in boosting profitability

18 February 2023
The Poncho Z EV was based on Chinese EV maker BYD's compact electric minibus base. (Photo courtesy of Hino Motors)
Automobiles

Toyota unit Hino Motors scraps plans to sell BYD electric bus in Japan

Truck maker says decision not related to emission data scandal

18 February 2023
South Korea's Hyundai is one of the automakers with high hopes for Indonesia's market participating in the Indonesia International Motor Show, here displaying its Ioniq 5 electric vehicle. (Photo by Erwida Maulia)
Automobiles

Hyundai, Wuling among manufacturers eyeing EV jump in Indonesia

China's DFSK announces local production as more brands debut in growing market

17 February 2023
Tata Motors last week announced a "nominal" $240 price increase for its new Tiago electric hatchback. (Photo by Ryosuke Hanada) 
Automobiles

Tata Motors goes all-out to defend EV lead in India

Broad strategy includes affordable prices, battery factories, charging stations

17 February 2023
Japanese automakers such as Honda and Mazda are heading into another grim year despite posting upbeat quarterly results for the end of 2022. (Source photos by Reuters)
Automobiles

Honda, Mazda on bumpy path to profit recovery amid chip crunch

Japanese automakers increasingly urged to shift to EVs as China's BYD leads

15 February 2023
Shoichiro Toyoda, a car enthusiast, test-drove new models even into his later years.
Obituaries

Shoichiro Toyoda, a humble car fan who set stage for Toyota's global rise

The founder's son negotiated automobile deal with U.S. to bring down trade tensions

15 February 2023
Shoichiro Toyoda led the company for a long time when Japanese cars were a critical issue of Japan-U.S. trade frictions. (File photo by Reuters) 
Obituaries

Shoichiro Toyoda, son of Toyota founder, dies at 97

Father of current president expanded Japanese carmaker into global leader

14 February 2023
Nidec recently built this research and development center in Dalian, China. (Photo by Shin Watanabe)
Electric cars in China

Nidec pushes China expansion with new R&D hub for EV motors

Japanese manufacturer seeks to accelerate development by working with customers

14 February 2023
Toyota's first electric Lexus, the RZ, will be launched this year. (Photo by Hirofumi Yamamoto)
Automobiles

Toyota to develop new Lexus EV for 2026: incoming president

Koji Sato says company will first focus on making such cars for high-end market

13 February 2023
Nissan and Renault are targeting India, which last year eclipsed Japan to become the world's third-largest auto market. (Source photos by EPA/Jiji) 
Automobiles

Nissan and Renault to invest $600m to make new models in India

Auto giants unveil plans for six new cars and 2,000 jobs in Chennai

13 February 2023
Visitors check a Zeekr 001, a model from Geely's electric vehicle brand Zeekr, at its factory in the city of Ningbo, China. With its latest funding round, the brand has increased its value to $13 billion.
Automobiles

China's Geely raises $750m for Zeekr EV brand

Tesla rival to put funds toward global expansion as it eyes doubling sales

13 February 2023
Magenta operates under three segments: EVET (EV fleets), ChargeGrid (charging stations) and chargers. (Source photos: screenshots from Magenta's website) 
DealStreetAsia

Indian EV charging and mobility solutions startup raises $40m

Magenta aims to expand charging-related businesses

13 February 2023
Great Wall Motor's Ora Good Cat is the top-selling electric vehicle in Thailand. (Photo by Yohei Muramatsu)
Automobiles

China's Great Wall targets 50% growth in Thai sales this year

Local EV production to start in 2024 as automaker bets big on expanding market

11 February 2023
Tesla electric vehicles at a sales and service center in California. The U.S. EV maker has a limited lineup of just four high-end models.
Automobiles

Tesla earns 5 times more per car than Toyota, earnings show

EV maker catching up to Japan's top automaker in net profit

10 February 2023
Toyota faces continues to face chip shortages and high material costs. (Photo by Yuki Nakao)
Automobiles

Toyota net profit drops 18% through December due to rising costs

Full-year forecast remains unchanged for Japanese automaker

9 February 2023
LG Energy Solution realized huge increases in sales and profit thanks to a surge in orders for batteries. (Photo courtesy of LG Energy Solution)
Electronics

South Korea's 3 battery giants supercharge revenue on order backlog

EV-related sales soar, but SK Innovation widens loss on capacity investment

9 February 2023
VinFast EVs are seen being prepared for shipment from Vietnam to the U.S. last fall.
Automobiles

Vietnam EV maker VinFast delays U.S. sales until late February

Vingroup unit's plans for American factory also behind schedule

8 February 2023
The renewed alliance between Nissan, Renault and Mitsubishi Motors left unanswered questions over its effect on each member's strategy, and how they will benefit from the partnership.
Nissan-Renault alliance

Nissan-Renault's reworked alliance: 4 things to know

Each side must 'do their job' for alliance to succeed in EVs, new markets

7 February 2023
Chinese automaker Geely Automobile Holdings will invest in a combustion-engine venture with Renault but will not join the French automakers electric-vehicle unit Ampere.
Nissan-Renault alliance

China's Geely won't join Renault's EV company, says French carmaker

Renault to keep Chinese ties separate from alliance with Nissan

7 February 2023
As part of the agreement, Renault will reduce its stake in Nissan to 15%.
Nissan-Renault alliance

Nissan, Renault redo partnership to tackle industry's challenges

After 24 years, new relationship forged to strengthen emerging market collaboration

6 February 2023
An SUV version of Toyota's Century luxury car will go on sale later this year. (Photo courtesy of Toyota)
Automobiles

Toyota targets the rich with new Century, Lexus models in Japan

Automaker hopes to take on luxury heavyweights like Rolls-Royce and Bentley

4 February 2023
Visitors examine a Wuling Air electric vehicle, right, at the Gaikindo Indonesia International Auto Show in Tangerang, Indonesia, on Aug. 18, 2022. 
Business Spotlight

Indonesia's nickel riches spur local company EV, battery ambition

Old economy conglomerates, businesses pounce as government pushes industry takeoff

3 February 2023
Nikkei spotted this marker at the entrance to a large office building along an avenue with a view to a major Silicon Valley landmark. (Photo by Takeshi Shiraishi)
Technology

Tesla prepares new Silicon Valley office to recruit AI talent

EV maker plays catch-up in hiring race with Google, Apple and Microsoft

3 February 2023