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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.
YOKOHAMA, Japan (AP) — Nissan expects to mass produce electric vehicles powered by advanced next-generation batteries by early 2029, the company said Tuesday during a media tour of an unfinished pilot plant.
NEW YORK -- Tesla CEO Elon Musk told employees on Monday that the electric vehicle giant is cutting 10% of its global workforce, marking the latest fallout from an intensifying EV price war as Chinese companies accelerate into the sector.
BP has cut over a tenth of the workforce in its electric vehicle charging business and pulled it out of several markets after a bet on rapid growth in commercial EV fleets didn't pay off, company sources said.
BEIJING/TOKYO -- Xiaomi, one of the world's largest smartphone makers, has jumped into the electric vehicle market, releasing a model that is priced at less than half that of EVs offered by Tesla of the U.S. and Porsche of Germany, despite offering better performance than those prestigious brands.
HONG KONG -- For years, Chinese state-owned automakers could count on joint ventures with major foreign brands as a magic fuel for profit. But the latest earnings suggest those days may be ending, as newer solo players like BYD have ridden a wave of electrification in the world's largest auto market, while foreign marques have lagged behind.
MUMBAI -- Terra Charge, a Tokyo-based provider of electric vehicle charging services, has started selling its chargers to outside clients in India to expand its footprint in the market.
BANGKOK -- Thailand has seen a rise in investment from Taiwan as the Southeast Asian nation seeks to build up its electric-vehicle and chip industries, even as it stays open for business with mainland China.