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TOKYO -- Japan's Asahi Kasei will build a plant in Canada to make components used in electric vehicle batteries, Nikkei has learned, planning to supply key materials, mainly to Honda Motor's EV factory to be built in the country.
SYDNEY-- A company that had planned to process imported nickel ore in Australia to supply the electric vehicle industry says it is switching its focus to gas in response to slumping battery metal prices.
FRANKFURT -- Japan and Europe will cooperate in recycling EV batteries by establishing a system to share information on the extraction sites and suppliers of minerals used to make them, Nikkei has learned.
HONG KONG -- Gotion High-tech, a major Chinese electric vehicle battery supplier, is taking a beating from the falling share price of Nasdaq-listed Vietnamese EV maker VinFast Auto.
TOKYO -- Smaller companies play a big role in Japan's electric vehicle battery supply chain, indirectly supporting the likes of Toyota Motor and Tesla. But many are struggling to keep pace with the speed and scale of investment needed as EV demand booms, threatening to create bottlenecks in an industry that Tokyo is keen to promote.
In the U.S., Tesla may be at the forefront of the electric vehicle revolution, but abroad, the carmaker has some serious competition. In China, the world's largest EV market, Tesla has been losing ground to domestic automakers who are increasingly building better cars at unbeatable prices, and chief among them is Warren Buffett-backed BYD.
The main cost of an electric vehicle (EV) is its battery. The high cost of energy-dense batteries has meant EVs have long been more expensive than their fossil fuel equivalents.
TOKYO -- Japanese chemical and fiber manufacturer Toray Industries is developing a new technology that can recover more than 80% of lithium from used lithium-ion batteries, with the aim of commercialization by March 2028, Nikkei has learned.