Tag - electric-vehicles

 
 

ELECTRIC VEHICLES

Workers make pods for e-cigarettes on the production line at Kanger Tech, one of China's leading manufacturers of vaping products, on Sept. 24, 2019 in Shenzhen, China.
BUSINESS / Markets
May 9, 2024
China’s factory glut alarms the world, but there’s no quick fix
European Union leaders, who are threatening tariffs on electric cars, were the latest to scold China about overcapacity, but there are no plans to change.
Toyota said its group net profit in the fiscal year that ended in March nearly doubled from the previous year to hit a record high, due to robust sales of hybrid vehicles.
BUSINESS / Companies
May 8, 2024
Toyota posts record net profit on weak yen and strong hybrid sales
The carmaker saw a 31% jump in sales of hybrid vehicles, bringing the total to 3.7 million, while sales of purely electric cars were 116,500.
Stellantis premium brand Alfa Romeo reveals the Milano, its first fully electric car, during an event in Milan on April 10.
BUSINESS / Tech
May 7, 2024
EU election could force sharp turn in electric car policy
Europe's right-wing parties have made cancelling the 2035 deadline to phase out sales of internal combustion engine cars a rallying cry.
Automobiles charge at public electric vehicle charging stations in Paris on Feb. 14.
BUSINESS / Tech
May 6, 2024
France ramps up electric vehicle ambition as Xi arrives in Paris
The contract between the government, French business groups and unions aims for a fourfold increase in the sale of 100% EVs to 800,000 a year in 2027.
The decision to cut the nearly 500-person group, including its senior director, Rebecca Tinucci, was made by CEO Elon Musk in the last week, according to a person familiar with the matter.
BUSINESS / Companies
May 1, 2024
Tesla axes most of supercharger team in blow to other automakers
The decision to cut the nearly 500-person group, including its senior director, Rebecca Tinucci, was made by CEO Elon Musk in the last week.
Tesla CEO Elon Musk attends a conference in Paris last June.
BUSINESS / Companies
Apr 28, 2024
Tesla CEO Elon Musk kicks off surprise trip to Beijing
Musk is seeking to meet senior Chinese officials in Beijing to discuss the rollout of Full-Self Driving software in China.
Canadian Prime Minister Justin Trudeau (left), Honda CEO Toshihiro Mibe (center) and Ontario Premier Doug Ford walk in the company's automotive assembly plant in Alliston, Ontario, on Thursday.
BUSINESS / Companies
Apr 26, 2024
Honda to spend $11 billion on electric vehicle strategy in Canada
The move is meant to tap long-term demand in North America and pushes the automaker toward having electrified cars account for 100% of sales by 2040.
Toyota's annual global sales topped 10 million units in 2023 for the first time.
BUSINESS / Companies
Apr 26, 2024
Toyota sets records for output and sales as scandals fail to dent demand
Global sales increased 5% from a year earlier to 11.1 million units, new data shows, exceeding 10 million for the first time.
With U.S. protectionism hindering Chinese electric vehicle makers' overseas expansions, Japanese giants like Honda are poised to capitalize.
COMMENTARY / Japan
Apr 24, 2024
Japan is poised to fill an EV gap left by China
A new Honda facility in Canada shows that Asia’s auto industry is ready to meet North American needs.
Tesla remains the dominant EV maker in the U.S. market, but its earnings have been under pressure for several quarters.
BUSINESS / Companies
Apr 24, 2024
Tesla speeding up release of cheaper cars after sales miss
The maker of electric vehicles plans to release more affordable models by the end of this year or in early next year.
Home electric vehicle chargers during the Montreal Electric Vehicle Show in Quebec, Canada, on Friday. Prime Minister Justin Trudeau is offering more tax breaks to automotive firms to put their electric vehicle factories in Canada.
BUSINESS / Companies
Apr 22, 2024
Honda nears deal with Canada to boost electric vehicle capacity
The auto sector is particularly important to Ontario, Canada’s largest province by population and home to assembly plants.
Tesla Chief Executive Officer Elon Musk gets in a Tesla car as he leaves a hotel in Beijing in May last year.
BUSINESS / Tech / ANALYSIS
Apr 22, 2024
Elon Musk’s robotaxi dreams plunge Tesla into chaos
The idea of creating an autonomous taxi service has been kicking around Tesla for at least eight years.
A gallery of cars at Nissan's headquarters in Yokohama. The carmaker revised downward its profit and sales forecasts for the fiscal year that ended in March.
BUSINESS / Companies
Apr 19, 2024
Nissan cuts sales and profit forecasts
The firm said the revision was made because of lower sales volumes and higher costs paid to suppliers, among other factors.
Tesla's troubles started in October when it warned that demand for EVs was starting to slow, but the full extent of that weakness only became apparent this month.
BUSINESS / Companies
Apr 17, 2024
Tesla’s value dips below $500 billion in blow to stock bulls
The electric vehicle maker's troubles started in October when it warned that demand for EVs was starting to slow.
Honda has lagged behind European and U.S. competitors such as General Motors and Volkswagen in ramping up EV sales.
BUSINESS / Companies
Apr 16, 2024
Honda to launch next-generation EVs in China by 2027
The carmaker added that it also planned to roll out a total of 10 Honda-brand EV models in China by 2027.
Hideyuki Sakamoto, executive vice president for manufacturing and supply chain management at Nissan, speaks during a media briefing at the company's plant in Yokohama on Tuesday.
BUSINESS / Companies
Apr 16, 2024
Nissan looks to Tesla’s style of carmaking to build cheaper EVs
The carmaker will use machines with about 6,000 tons of force to make the rear floors of EVs to be sold from fiscal 2027 onward.
German Chancellor Olaf Scholz (left) with Chinese leader Xi Jinping in Beijing in November 2022. Scholz is travelling to China again this week with the goal of shoring up economic ties with Germany's biggest trading partner.
COMMENTARY / World
Apr 15, 2024
An EV trade war with China would be an own goal for carmakers
As German Chancellor Scholz visits China this week, he should push for stronger ties between Chinese and European automakers, especially in the EV market.
An AA patrol for electric vehicles in Birmingham, England. Fewer than 10% of the U.K.’s 236,000 auto mechanics are qualified to work directly on EV batteries or their cases, according to the Institute of the Motor Industry.
BUSINESS / Tech
Apr 13, 2024
EVs head for junkyard as mechanic shortage inflates repair costs
High costs are prompting underwriters to total cars with relatively benign damage — prematurely consigning electric models to the junk heap.
Prime Minister Fumio Kishida tours a new Toyota battery factory in Liberty, North Carolina, with state Gov. Roy Cooper (second from right) on Friday.
BUSINESS
Apr 13, 2024
Kishida touts Japan’s investments in U.S. with visit to swing-state Toyota plant
The prime minister visited the North Carolina plant where Toyota last year injected an additional $8 billion to make batteries for electric vehicles.
A brine pool at an SQM lithium mine on the Atacama salt flat in the Atacama Desert, Chile. The industry that deals with one of the world’s most important commodities is asking whether it's doomed to repeat a boom and bust cycle again and again.
BUSINESS / Markets
Apr 12, 2024
Lithium industry braces for long-term oversupply after price instability
Those involved with the commodity are asking whether they're doomed to repeat a boom and bust cycle again and again.

Longform

Capsule hotels were created as a way to deal with the amount of overwork employees tend to do in Japan. Can't commute home? Then spend the night in an tiny, affordable sleeping space.
Japan wakes up to the market for a proper sleep