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KYOTO, Japan -- Japanese motor maker Nidec on Wednesday lowered its profit forecast for the year ending March in light of restructuring costs in its EV parts business stemming from a competitive Chinese market.
KUALA LUMPUR -- Malaysia has built a solid reputation over four decades as a reliable manufacturer of products ranging from semiconductors to automobiles -- even producing a "national car" in 1985 through cooperation with Japan's Mitsubishi Motors.
BANGKOK -- Banpu, Thailand's biggest coal miner, has signed a 2.4 billion baht ($67 million) loan agreement with the Asian Development Bank as it urgently seeks to shift from reliance on coal and expand electric vehicle operations.
TOKYO -- The safety scandal at Daihatsu Motor, a subsidiary of Toyota Motor, has left thousands of suppliers in the lurch, raising questions about how the Japanese auto industry will restructure its traditional supply chain at a time when moves towards electric vehicles are transforming the car industry.
Panasonic's battery business must focus on boosting productivity, Group CEO Yuki Kusumi told Reuters, signaling the Tesla supplier may hold off building a third battery plant in North America as demand for electric vehicles cools.
BEIJING -- China has moved to set its own standards for semiconductors used in electric vehicles and self-driving cars as it seeks to replace imports of these vital components with domestic production.
BANGKOK -- Toyota Motor is preparing to launch an extensive decarbonization campaign in Thailand, partnering with leading local businesses like the Charoen Pokphand Group with an eye on commercial demand for electric and fuel-cell vehicles.
NAGOYA, Japan -- Toyota Motor will start final assembly of electric vehicle batteries at three more auto plants in Japan and the U.S., moving more of the process in-house to reduce costs associated with transporting heavy finished packs.