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
Workers assemble a Lexus vehicle at Toyota's plant in Fukuoka prefecture. The automaker is planning the largest capital investment of any major Japanese company this fiscal year. (Photo by Toshiki Sasazu)
Business trends

Toyota leads Japan Inc.'s record $217bn capital investment blitz

Auto industry set to be top spender in fiscal 2024 as EV, software race heats up

26 July 2024
Nissan Motor will launch a new model of the popular Kicks sport utility vehicle in the U.S. (Nissan Motor)
Automobiles

Nissan suffers 99% profit plunge on U.S. hybrid woes

Automaker falls behind Japanese rivals in tapping shift away from EVs

26 July 2024
China will double subsidies for those trading in cars for electric vehicles and other new energy vehicles. (Photo by Shizuka Tanabe)
Economy

China injects $41bn to subsidize car, appliance purchases

Beijing looks to stimulate domestic spending amid overcapacity criticism

25 July 2024
Hyundai Motor's Kona Electric SUV: The company's EV sales fell 24.7% year on year in the three months through June.
Automobiles

Hyundai Motor posts small profit increase in Q2 on hybrids

Automaker eyes more such sales as hedge against possible Trump return

25 July 2024
Honda Motor's e:NS2 electric vehicle. The automaker's sales in China fell roughly 40% by volume in June. (Photo by Sei Matsumoto)
Automobiles

Honda to cut China production capacity for gas cars by 30%

Move marks latest reversal by Japanese automakers in world's biggest market

25 July 2024
Isuzu Motors introduces the Elf Mio diesel model on July 24 in Tokyo. (Photo by Yuichi Shiga)
Automobiles

Isuzu adds 'truck for anyone' model to meet Japan driver shortage

Lighter body allows operation without large-vehicle license

24 July 2024
The Honda Elevate goes on display in New Delhi, India, on June 6, 2023. The model was later introduced to Japan as the WR-V.
Automobiles

Honda's made-in-India SUV grabs Japanese drivers with low price

Japanese brand beats Mercedes-Benz and BMW in importing vehicles in April and May

24 July 2024
Tesla shares have been highly volatile this year
Electric vehicles

Tesla's main export hub in Shanghai reels from EU tariffs, weak EV demand

The U.S. automaker's profit drops for the fourth quarter in a row

24 July 2024
Mitsubishi Motors underperformed market forecasts for net profit in the April-June quarter.
Automobiles

Mitsubishi Motors suffers 39% profit drop on weak Asia shipments

Automaker eyes earnings recovery in coming quarters as retail demand rebounds

23 July 2024
A steel plant in Shanghai operated by Baoshan Iron & Steel. Nippon Steel has concluded that the U.S. and India offer more promising investment opportunities than China. (Photo by Tomoko Wakasugi)
Business deals

Nippon Steel to end 20-year joint venture with China's Baosteel

Japanese firm to cut production capacity in China by 70% amid EV shift

23 July 2024
BYD's new-car sales from January to June increased 28% year-on-year to 1.61 million units.
Automobiles

Buffett's Berkshire Hathaway drops BYD stake to less than 5%

Chinese EV maker's sales climb 28%, but domestic price competition poses risk

23 July 2024
Toyota holds a nearly 60% share in the North American hybrid market, including the luxury Lexus brand. (Photo by Azusa Kawakami)
Automobiles

Toyota goes all-in on hybrids in U.S. as Trump risks loom over EVs

Japan automaker to launch hybrid options for all key models by 2030

20 July 2024
Though nickel is also used in EV batteries, its primary use is in stainless steel.
Commodities

Nickel prices hit 5-month low on sluggish China consumption

Country's ongoing property slump saps demand for new building materials

18 July 2024
BYD's first electric vehicle factory in Southeast Asia in Rayong, Thailand. The Chinese group aims to expand in Vietnam, though for now, all its models for sale there will be imported.
Electric vehicles

BYD sets sights on aggressive expansion in Vietnam

Chinese EV group's plans pose formidable challenge to local rival VinFast

18 July 2024
Stream article image
#techAsia

Rare earths in the red and an overhaul for AI infrastructure

The inside story on the Asia tech trends that matter, from Nikkei Asia and the Financial Times

18 July 2024
A hybrid Toyota Prius is displayed at the Gaikindo Indonesia International Auto Show in suburban Jakarta on July 17. (Photo by Nana Shibata)
Automobiles

Toyota pushes hybrids to defend top spot in Indonesia, largest ASEAN market

Chinese makers challenge Japan's dominance with EVs at Jakarta motor show

17 July 2024
Stream article image
Podcast: Tech Latest

China EV giant BYD seeks growth with new Thai factory

Tech Latest: Tune in to Nikkei Asia's podcast for the freshest updates on the tech sector

16 July 2024
Electric vehicles made by China's BYD await loading onto a vehicle carrier for export to Brazil, at the port of Lianyungang, China.
Trade war

China asks WTO to set up panel for U.S. EV subsidies dispute

Beijing objects to Inflation Reduction Act's barriers to its products

15 July 2024
Toyota's electric vehicle bZ4X was on display last August at the Gaikindo Indonesia International Auto Show. Japanese carmakers have long dominated the Indonesian market.
Your Week in Asia

China 'third plenum' meeting, ADB economic outlook, Indonesia Auto Show

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

14 July 2024
Stream article image
Electric vehicles

In Pictures: India's EV market gaining momentum

Electric two- and three-wheelers also catching on

13 July 2024
A VinFast electric vehicle sits in a Ho Chi Minh City showroom in June. (Photo by Yuji Nitta)
Automobiles

Vietnam auto sales slump as government weighs latest fee cut

Assembly plants apparently operating at just 40% capacity

13 July 2024
Lithium iron phosphate batteries can be made more cheaply than lithium-ion batteries typically used to power EVs, but deliver a smaller driving range.
Electric vehicles

Japan's AESC to make cheaper EV batteries at $1bn plant in Spain

Nickel-free LFP cells seen helping lower vehicle prices

12 July 2024
Japanese automakers will need to certify their batteries' origins in order to sell in the EU. (Source photos by Nikkei)
Electric vehicles

Nissan, Honda eye EV battery passports in Europe by 2027

Japanese automakers and suppliers team up to comply with EU regulations

12 July 2024
BHP's global headquarters in Melbourne. (AFP/Jiji)
Commodities

BHP to suspend Australia nickel operations amid Indonesia-fed glut

Miner cites oversupply of the key EV material for the move

11 July 2024