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India's electric vehicle sector still lacks competition, but entry from international automakers like Tesla will level the playing field, MG Motor India's CEO Emeritus Rajeev Chaba said.
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.
GUANGZHOU -- XPeng, EHang and other Chinese companies are commercializing flying cars this year, tapping the country's advantages in electric car technologies to claim a large share of the emerging global market.
SEOUL -- Hyundai Motor Group affiliate Kia aims to double hybrid sales by 2028, releasing hybrid versions of existing nine major models as the automaker reconsiders its focus on the competitive electric vehicle market.
Tesla shares sank 4% on Monday morning, while China's Li Auto plummeted to an 11-month low, after both companies slashed prices of their electric vehicles in various markets amid intense competition.
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.
SHANGHAI -- Tesla and Chinese electric vehicle startup Li Auto have announced the latest discounts for EVs in China as growing competition tests automakers' endurance.
GUANGZHOU -- China's Contemporary Amperex Technology Co. Ltd. (CATL), the world's top supplier of electric-vehicle batteries, will partner with Volvo Car Group to recycle them for industrially critical minerals.