Honda's sales in the U.S. have grown on a year-earlier basis for 16 consecutive months through June.
Automobiles

Honda to report record Q1 $3bn-plus profit on strong U.S. hybrid sales

Weak yen also lifts operating profit to new heights despite tough Chinese market

6 August 2024
Employees work on the production line at a factory for Chery's electric vehicles) in Wuhu, Anhui province, China, on July 29.
Opinion

What the world gets wrong about China's overcapacity

Many policymakers confuse productive capacity with production output

5 August 2024
Tesla operates a gigafactory in Shanghai. 
Electric vehicles

Tesla sets up insurance brokerage in China

EV giant looks to offer related services in the market

2 August 2024
Xiaomi's SU7 electric vehicle went on sale in March.
Electric cars in China

China's Xiaomi breaks ground on 2nd EV plant in Beijing

Move follows debut of the smartphone maker's 1st electric car

2 August 2024
Toyota's popular Yaris Cross was one of the models whose sales were halted after safety test irregularities came to light. (Toyota Motor)
Automobiles

Toyota scandals batter suppliers while group posts record profit

Automaker boosts support to Japan parts makers hit by production cuts

2 August 2024
SK On recorded its biggest quarterly operating loss since the battery maker launched in 2021.
Supply Chain

South Korea's top 3 battery makers see earnings slide on EV slowdown

LG Energy Solution, SK On and Samsung SDI have been building up production capacity

2 August 2024
VinFast expects to deliver 20,000 VF 3 mini SUVs this year. (Photo by Yuji Nitta)
Electric vehicles

Vietnam's VinFast rolls out mini e-SUV for under $13,000

Carmaker aims to deliver at least 20,000 of the compact EVs this year

1 August 2024
Nissan President and CEO Makoto Uchida (left) and Honda President Toshihiro Mibe speak at a news conference in Tokyo on Aug. 1. (Photo by Sae Kamae)
Automobiles

Nissan and Honda to jointly develop tech-savvy cars, share EV parts

Mitsubishi Motors welcomed into alliance as Japanese brands race to catch up

1 August 2024
Toyota Motor Kyushu's production line. Sales of the Toyota and Lexus brands in the April-June period fell by 14% on year. (Photo by Toshiki Sasazu)
Automobiles

Toyota's record Q1 net profit comes on weak yen and despite sales drop

Sales in Japan slip after group's safety test irregularities

1 August 2024
Warren Buffett-led Berkshire Hathaway has drawn down its stake in BYD to less than 5%.
Equities

China EV price wars weigh on BYD, Japan automaker stocks

Chinese subsidies, improved quality add to headwinds faced by Nissan, Honda

1 August 2024
The Japanese government has ordered Toyota Motor to make "drastic reforms to ensure appropriate certification operations." (Photo by Haruka Kadooka)
Automobiles

Toyota handed corrective order for certification violations

Japan's transport ministry uncovers intentional misconduct and irregularities

31 July 2024
Alex Dolya, left, is Asia-Pacific leader for operations at Boston Consulting Group, and Fahad Anwar is managing director and lead for Kuala Lumpur and Jakarta at Inverto. (Photo courtesy of Boston Consulting Group) 
Supply Chain

Cost is key for Southeast Asia to attract EV investment, BCG says

Consultancy says region is a focus for 'all investors' in the supply chain

31 July 2024
Isuzu's Elf EV: The Japanese automaker plans a push into the electric truck market in North America, starting with smaller vehicles. (Photo by Satoko Kawasaki)
Electric vehicles

Isuzu to enter U.S. EV truck market ahead of tougher CO2 rules

Automaker to start locally assembled compact vehicle sales in August

30 July 2024
A Harley-Davidson Japan office in Tokyo has been inspected over allegations that the subsidiary of the American motorcycle maker breached the Antimonopoly Act.
Automobiles

Harley-Davidson Japan faces probe over excessive sales quotas

Antitrust watchdog looks into allegations dealers were forced to buy unsold units

30 July 2024
Toyota Motor Chairman Akio Toyoda, center, and Tesla CEO Elon Musk, right. Japanese automakers are pooling their resources on electric vehicles to catch up to rivals like Tesla. (Nikkei montage/Source photos by Nikkei and Reuters)
Automobiles

Honda, Nissan and Mitsubishi join forces to catch Tesla in EV race

Japanese automakers consolidate resources with eye on deep-pocketed players

30 July 2024
Self-driving vehicles from WeRide can be seen operating on the streets of Guangzhou. (Photo by Tomoko Wakasugi)
Automobiles

Chinese robotaxi operator WeRide files for U.S. IPO

Startup looks to raise up to $500m for expansion efforts

29 July 2024
Hesai Technology is a top producer of lidar devices used in autonomous vehicles. (Photo by Wataru Suzuki)
Interview

China's Hesai CEO calls U.S. accusation of military ties 'ridiculous'

Auto lidar maker says Trump sounds 'crazy' but would bring 'business rationale'

29 July 2024
Owners of the Chinese electric cars are complaining that new discounts from the company hurt the cars' resale value. (Photo by Shinya Sawai)
Electric vehicles

EV price war angers Thai BYD owners as buyers wait for more cuts

New incentives for hybrids come as weak demand hits banks and factories

29 July 2024
The secretary general of the Thailand Board of Investment pleads with Chinese EV maker GAC Aion, "It would be great if you could lend support to our parts producers by using some auto parts produced by Thai companies." (Photo by Kenya Akama)
Electric vehicles

Thai subsidies for Chinese EV makers wreak havoc on auto sector

Massive oversupply forces legacy Thai companies to cut production or close down

28 July 2024
The SU7, Chinese tech giant Xiaomi Corp.'s debut new energy vehicle, retails for 215,900 yuan ($29,735). However, getting it insured costs around the same as for a combustion-engine vehicle more than twice its price.
Caixin

Electric cars are draining the batteries of China's insurers

Owners of new energy vehicles are twice as likely to file a claim

28 July 2024
Honda, Japan's second-largest automaker, No. 3 Nissan and Mitsubishi will ally to compete with other giants.
Automobiles

Mitsubishi Motors to join Honda-Nissan alliance

Japanese auto market consolidates into 'big two' of tie-up versus Toyota

28 July 2024
Battery manufacturer CATL shows off its technology at the Beijing International Automotive Exhibition, also known as Auto China 2024, in April.
Electric vehicles

CATL state subsidies jump by 35% amid EU squeeze on China EVs

Rise in aid outpaces net profit growth; company sues domestic rival for IP infringement

27 July 2024
Nissan Motor has struggled in China, where it sells the Venucia brand. Meanwhile, Renault has entered into a new partnership with Chinese automaker Geely. (Source photos by Nikkei and Reuters)
Automobiles

Nissan falls behind Renault in market cap a year after equal alliance

Japanese carmaker blindsided by woes in American and Chinese markets

27 July 2024
Lexus' EV flagship model, the LF-ZC, is displayed at the Japan Mobility Show in Tokyo in October 2023. (Photo by Yuki Nakao)
Electric vehicles

Toyota to set up EV battery plant on Japan's 'Silicon Island'

Auto giant sees Kyushu supply chain helping it take on Chinese rivals in Asia

26 July 2024
A Hyundai showroom in Mumbai in 2022. The company's sales and service network covers hundreds of Indian cities. 
Business Spotlight

Hyundai celebrates Indian success with plan for largest IPO

South Korean carmaker under pressure from Chinese rivals to raise its game in EVs

26 July 2024