NEWSWORTHY
Toyota and Panasonic to launch joint venture to make electric vehicle batteries by end of 2020
Toyota Motor Corp. and electronics giant Panasonic Corp. said Tuesday they will jointly establish a new company to make batteries for automobiles, including electric vehicles, by the end of 2020. With the joint venture, the firms aim to counter Chinese and other foreign rivals. Toyota ...
Toyota, Honda and Panasonic consider joint venture to procure cobalt for electric vehicles
Japan's major auto and battery manufacturers, including Toyota Motor Corp., Honda Motor Co. and Panasonic Corp., are considering joint procurement of cobalt, an essential resource for batteries that power electric vehicles, sources said Tuesday. The envisioned joint venture is likely to be set up in ...
With $800 million investment, VW to build electric vehicles at Tennessee plant
German automaker Volkswagen says its factory in Tennessee will be the focus of an $800 million investment in its manufacturing of electric vehicles in North America. Volkswagen said in a news release Monday that it will expand its plant in Chattanooga and create 1,000 jobs ...
With strong China focus, VW spearheads $300 billion global drive to make all cars electric
Global automakers are planning a $300 billion surge in spending on electric vehicle technology over the next five to 10 years, with nearly half of the money targeted at China, accelerating the industry's transition away from fossil fuels and shifting power to Asian suppliers ...
Tesla shares tank on price cut, disappointing Model 3 deliveries
Shares in Tesla Inc. dropped as much as 9 percent on Wednesday on worries of future profitability, after the electric car maker cut U.S. prices for all its vehicles to offset lower green tax credits, while falling short on quarterly deliveries of its mass-market ...
Trump aide Larry Kudlow calls for end of electric vehicle subsidies created by Congress
President Trump's top economic adviser on Monday said the White House wants to end subsidies for electric vehicle purchases, without saying how it would eliminate the incentives that were created by Congress. Larry Kudlow, director of the White House National Economic Council, told reporters that ...
Hitachi and Uber take part in huge London trial aiming to crack electric-car charger shortfall
Uber Technologies Inc. and Hitachi Ltd. are among the companies that will flood London with 3,000 electric vehicles as part of a study aimed at overcoming a shortage of charging points blamed for holding back sales. The biggest-ever trial involving commercial electric vans and cars ...
Dongfeng Motor Co., a Chinese joint venture with Nissan Motor Co., aims to boost annual output of its first electric vehicle model for the Chinese market to 23,000 units in 2019, officials said. Dongfeng Motor in September launched the Sylphy Zero Emission model and hopes ...
The electric vehicle future will run on two wheels
For much of the emerging world, the key to reducing pollution is making the transition to battery-powered motorcycles and scooters.
Toyota ready to share hybrid secrets with China to advance in world's largest auto market
Toyota Motor Corp. is preparing to divulge details of the hybrid-car engine technology it pioneered with the Prius to China in an attempt to catch up with rivals in the world's biggest auto market. Chinese officials asked Toyota to share its gasoline-electric technology to help ...
Under visionary Shigenobu Nagamori, precision motor-maker Nidec sees EVs driving future profits
Since starting Nidec in 1973 in a tiny Kyoto shed with just three workers, Shigenobu Nagamori has built it into the world's top maker of precision motors and became one of Japan's most venerated business leaders. Nagamori guided Nidec past Nissan and Panasonic in market ...
Japan aims to have all new passenger cars be electric by 2050: panel report
By 2050 the central government aims to have all new cars sold in Japan be electric or hybrid vehicles, an economy ministry panel said Tuesday, amid intensifying competition in the global shift to green cars. The panel, which included chiefs of major automakers such as ...
