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Nikkei: Nidec to build $715M e-axle plant in Mexico

Green Car Congress

The Nikkei reports that Japan-based motor maker Nidec is planning to invest an estimated ¥100 billion (US$715 million) to build an e-axle plant in Mexico. The company plans to be capable of building an annual 7 million e-axles by March 2026. Nidec also jointly runs a plant with the Guangzhou Automobile Group. million e-axles.

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Dongfeng Honda to build a dedicated EV production plant; 120,000 units/year

Green Car Congress

a wholly-owned Honda subsidiary in China, announced that Dongfeng Honda Automobile Co., Designed as a highly efficient and smart plant capable of start-to-finish EV production, the new plant will conduct complete processes for EV production including stamping, welding, painting, assembly and complete vehicle inspection.

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Foxconn partnering with Thailand’s PTT to build EVs; MIH open EV platform

Green Car Congress

Foxconn and PTT have signed a Memorandum of Understanding to collaborate in setting up an open platform for producing electric vehicles (EV) and key components to serve the EV sector in Thailand. PTT is a Thai state-owned oil and gas company and the largest publicly listed conglomerate in Thailand.

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Toyochem develops low-odor, low-VOC acrylic adhesive for vehicle & building interiors; T-VOC 10% of conventional products

Green Car Congress

the polymers and coatings arm of Japan’s Toyo Ink Group, launched a new low-odor, low-VOC acrylic pressure-sensitive adhesive (PSA), the Oribain EXK 21-046, for use in enclosed spaces such as vehicles and building interiors. Toyochem Co.,

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Geely and Renault partner in South Korea to build hybrid and ICE vehicles

Green Car Congress

Zhejiang Geely Holding Group and Renault Group have signed a cooperation agreement to launch all-new vehicle lineup for the South-Korean market. Renault-Samsung Motors (RSM) will manufacture Hybrid Electric and Internal Combustion Engine Vehicles in Busan for the local market and for export.

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Consumer Reports Says EVs Less Reliable Than Traditional Automobiles

The Truth About Cars

Consumer Reports has concluded its annual car reliability survey and the resulting data for 2023 has not been kind to all-electric vehicles. For 2023, CR reported that EVs had 79 percent more problems than automobiles that use internal combustion. Plug-in hybrids were even worse with 146 percent more issues.

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Kandi enters framework agreement to produce battery swap-enabled electric vehicles in China

Green Car Congress

Kandi Technologies Group signed a framework agreement with Hunan Hengrun Automobile Co., jointly to produce battery-swap enabled pure electric vehicles. According to the agreement, Kandi and Hengrun will use their respective capabilities to produce battery-swappable pure electric vehicles.