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TOKYO -- Panasonic Holdings is looking to more than double its domestic production of EV batteries to supply potential customers like Mazda and Subaru and improve the performance of its Japanese factory.
BEIJING — Chinese electric car company Xpeng saw its shares soar after reporting an improvement in profit margin and an upbeat outlook for second-quarter deliveries.
Malaysia’s car market saw a bumper 2023 with total sales surging nearly 11 per cent annually. EVs, however, accounted for just 10,159 units, barely more than 1 per cent of the nearly 800,000 new vehicles that hit the road last year, according to data from the Malaysian Automotive Association (MAA).
Xpeng AeroHT, an affilaite of Xpeng, aims to deliver its flying car to customers in 2026, the Chinese electric vehicle maker's co-president told CNBC on Friday,
TOKYO -- Honda Motor plans to invest 10 trillion yen ($65 billion) in electrification and software development over the decade up to the financial year ending March 2031 as it prepares to join the rapid shift to electric vehicles in highly competitive auto markets like China's, the carmaker said on Thursday.
PALO ALTO, California/TAIPEI/TOKYO -- Chinese EV makers including BYD are rushing to ship vehicles to Mexico and Brazil in preparation for tariff hikes and other trade restrictions, Nikkei Asia has learned. That comes as Washington announced 100% tariffs on Chinese EVs on Tuesday, a move that is expected to be followed by more trade actions aimed at electric vehicles from China by the U.S. and its allies.
SHANGHAI — Chinese electric car startup Nio is adjusting its approach to global markets in light of geopolitical developments, CEO William Li told reporters Thursday.
DETROIT — President Joe Biden's plan to quadruple tariffs on China-made electric vehicles is unlikely to stave off the threat of more Chinese cars on the auto sales market in the U.S.