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Southeast Asia market will become a competitive place for Chinese and Japanese car companies

Setec Powerr

Europe, the birthplace of the automobile industry, to North America across the Pacific Ocean, has always been the top stage that Chinese car companies hope to step on. However, the Southeast Asian market at home has recently become a new target for many car companies. What is the mystery behind it?.

Asia 97
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China’s CBL to invest $420 million in Indonesian nickel mining and EV battery manufacturing – Charged EVs

Baua Electric

Chinese EV battery company Ningbo Contemporary Brunp Lygend (CBL) has agreed to invest $420 million in Indonesia’s nickel mining and EV battery manufacturing industries. CBL is a consortium and a subsidiary of China’s Contemporary Amperex Technology (CATL). It’s been signed.

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Benelli has unveiled new electric scooter ‘Dong’

Electric Vehicles India

Benelli has unveiled new electric scooter ‘Dong’ An Italian motorcycle company Benelli has unveiled a new electric scooter ‘Dong’ which is to be sold in the Asian markets. It has been recently launched in Indonesia. It is likely to make its way also to the European and US markets.

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Tesla’s next Gigafactory location unknown, but all signs point toward India

Teslarati

While there have been rumors of deep talks in Spain , numerous meetings with French government officials, and heavy speculation regarding a relationship with Canada, Indonesia, and South Korea, it is becoming overwhelmingly clear that all signs are pointing toward India, a location where Tesla has mulled a factory for several years.

India 104
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LGES signs battery supply agreement with Chinese supplier

Teslarati

LG Energy Solution (LGES) signed a battery supply agreement with Chinese supplier Changzhou Liyuan New Energy Technology. The company’s expertise and production capabilities will play a pivotal role in expanding our LFP battery offerings and supporting the transition towards a more sustainable future,” said an LGES spokesperson.

Chinese 98
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Electric Car Watch #11: Hyundai's Electric Car Plans for India

Plug In India

Throw in Chinese electric car companies like BYD, MG Motors, Great Wall and others, and Hyundai India has some serious competition. Reaching a new all-time monthly record, In October, the company sold 18,694 plug-ins (up 60% year-over-year). The electronics support both 400 V and 800 V charging and bidirectional charging.

India 52
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Honda Speaks About Near Future, EV Plans

The Truth About Cars

The company also says its break-even point based on the percentage of production capacity being utilized is down about 10 percent, again since fiscal year 2019. Honda is touting increased relationships with semiconductor manufacturers, including Taiwan Semiconductor Manufacturing Company Limited. One will be an SUV.

Honda 52