Toyota Motor Corp. on Monday started selling its first plug-in hybrid SUV in Japan as it looks to commit more to the electric vehicle market. The new RAV4, loaded with a newly developed high-powered motor that provides a longer range and better acceleration than its ...
Nissan to retrench further in new plan to focus on U.S., Japan and China
The carmaker will pull back from Europe and elsewhere to focus on the United States, China and Japan under a plan that represents a new strategic direction.
Tesla barely registers in Japan, the world's third-largest auto market
For all of Elon Musk’s domination of the burgeoning electric vehicle business, Tesla Inc. is struggling to get traction in Japan, a market he put on a pedestal early in the automaker’s early days. The day after taking the electric carmaker public in June 2010, ...
Toyota Motor Corp. plans to build an electric vehicle plant in Tianjin, China, according to a document from local authorities. Tianjin FAW Toyota Motor Co., the automaker's local joint venture, plans to spend 8.5 billion yuan (¥131 billion) to build a plant with an annual ...
Panasonic to end tie-up with Tesla over solar cell production
Panasonic Corp. will end its tie-up with U.S. electric-car maker Tesla Inc. in producing solar cells after years of struggling to boost output, sources said Wednesday. The electronics maker will continue its cooperation with Tesla on EV batteries, the sources said. The two companies signed a ...
China battery recycler GEM to make disinfectants in virus ground zero
China's GEM Co. Ltd., best known as a recycler of batteries for electric vehicles and producer of cobalt chemicals used in them, said on Sunday it had been given a four-month licence to make disinfectant in coronavirus-hit Hubei province. The surprise addition to the product ...
U.K. carmakers press Boris Johnson to fund pledge to end gasoline era by 2035
Automakers in the U.K. are pressing for government funding to meet a new goal of killing off combustion cars by 2035, even as demand for electric models is surging. The U.K. will ban the sale of new gasoline, diesel and hybrid cars from 2035, five ...
Tesla up 20% after Panasonic posts first quarterly profit at battery business
Tesla Inc.'s stock surged 20 percent on Monday in its largest one-day gain since 2013, fueled by a quarterly profit at Panasonic's battery business with the U.S. carmaker and an investor report predicting its shares would rise more than ten-fold by 2024. Shares of Tesla ...
Japanese and U.S. firms tie up in bid to use old EV batteries to slash power storage costs
As major players jostle for market share in large-scale power storage, American Electric Power and Nissan Motor Co. are testing new technology that reuses old electric vehicle batteries to slash costs. The pilot study in Ohio will road-test technology that could lower system costs by ...
Inside Nissan, a renewed push to get Renault to cut its stake
A proposal is being floated atop Nissan Motor Co. for the company to revive efforts to push Renault SA to reduce its stake in the Japanese carmaker and help balance the partnership, a person familiar with the matter said. The plan would involve both companies ...
Subaru to raise amount of electric, plug-in hybrid vehicles it's selling to 40% in 2030
Subaru Corp. is aiming to raise the proportion of electric and plug-in hybrid vehicles in all of its automobiles sold across the globe to 40 percent in 2030. The proportion stood at 2.1 percent in fiscal 2018, which ended in March last year. Subaru said Monday ...
Tesla moves step closer to opening first European factory with German property deal
U.S. electric car pioneer Tesla has agreed to buy a property on the outskirts of Berlin, bringing it a step closer to opening its first European factory, local authorities said on Sunday. The U.S. carmaker last November announced plans to build a giant factory in ...
