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Panasonic’s battery unit misses annual profit estimate – ET Auto

Baua Electric

Chinese battery makers grew faster than rivals to account for more than two-thirds of global EV battery capacity last year, according to data from consultancy Counterpoint Research. It has a plant in Nevada and has broken ground on a second one in Kansas, which would take its auto battery capacity to 80 gigawatt hours (GWh) a year.

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Toyota and Nissan pair up with Tencent and Baidu for China AI arms race – ET Auto

Baua Electric

Japan’s Toyota Motor will pair up with China’s Tencent while Nissan will team up with Baidu , the companies said on Thursday, cross-border partnerships that highlight the importance of artificial intelligence for carmakers. It will also equip its Chinese cars with Baidu’s AI products, it said.

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Slowing EV uptake may delay Panasonic’s EV battery expansion, says CEO – ET Auto

Baua Electric

Panasonic, whose energy unit makes batteries for Tesla , is closely watching its Chinese supply chain and battery material procurement following China’s move last year to tighten graphite export controls, Yuki Kusumi said. A slowdown in the take-up of electric vehicles in the U.S.

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China is testing more driverless cars than any other country – ET Auto

Baua Electric

Many Chinese makers of electric cars are introducing advanced assisted driving features on their mass-production cars. Across China, 16 or more cities have allowed companies to test driverless vehicles on public roads, and at least 19 Chinese automakers and their suppliers are competing to establish global leadership in the field.

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Toyota to roll out solid-state battery EVs in a couple of years, India executive says – ET Auto

Baua Electric

Japan’s Toyota Motor is set to launch within a couple of years vehicles with solid-state batteries that charge faster and last longer, a top official of its India unit said on Thursday.

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Europe will miss 2030 chip market goal, says ASML CEO – ET Auto

Baua Electric

.” The European Union last year passed its 43 billion euro Chips Act, a subsidy programme similar to incentive packages in China, the United States, Taiwan, South Korea and Japan. Intel plans a 30-billion-euro facility in Magdeburg, Germany if European subsidies are approved.

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BYD aims to sell at least 3 million vehicles this year

CN EV Post

million units in China, BYD will surpass the Chinese market record of 2.16 million units in global sales, BYD will be among the top 10 car companies in global auto sales this year. For more articles, please visit CnEVPost. If it can achieve its sales target of reaching 2.8 If it can reach 3.6

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