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Toyota plots new EV battery plant to fend off incoming BYD, low-cost Chinese EVs

Baua Electric

Toyota is planning to build a new EV battery plant on Japan’s “Silicon Island” to keep pace with BYD and other incoming Chinese electric car makers. Although Toyota has been one of (if not the) biggest laggards in the global shift to electric cars, the Japanese automaker realizes it needs to compete with Chinese EV makers like BYD.

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Toyota sales slide as aggressive price cuts by BYD, Chinese EV makers take effect

Baua Electric

Toyota’s global sales fell over 5% last month, partly driven by the impact of BYD’s price cuts in key markets like China, Southeast Asia, and even Japan. Although demand remained strong in North America and Europe, pressure in Japan and China led to fewer sales. The Japanese automaker’s global sales are down 0.9%

BYD 52
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Who’s Leading the Shift Away from Internal Combustion Engine Automobiles?

Clean Fleet Report

Which countries are leading the shift from internal combustion engine automobiles to EVs? Globally, China is leading the transition to EVs in terms of sheer numbers. billion package of tax breaks over four years to incentivize Chinese citizens to buy EVs and other greener cars. [Ed. Which Country Is Leading the Move to EVs?

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Nissan and Honda unite to join global software-defined EV race, play catch up with Tesla

Baua Electric

Nissan and Honda will also develop battery tech and e-Axles to power new global vehicles. The Nissan, Honda, and Mitsubishi partnership comes as Tesla and Chinese EV makers like BYD continue expanding in key global markets, including Japan, taking market share. Over the next year, the two plan to complete basic research.

Honda 52
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AlixPartners outlook warns of Chinese language EV pageant, ‘ICE melting’

Baua Electric

Chinese language manufacturers will most probably outsell international manufacturers in that nation in 2023 for the primary past in fresh historical past. of the Chinese language passenger automobile marketplace through 2030. of the Chinese language passenger automobile marketplace through 2030.

Chinese 52
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National Electric Vehicle Sweden AB acquires assets of Saab Automobile to create new EV company; first model based on 9-3 due year-end 2013/2014

Green Car Congress

National Electric Vehicle Sweden AB (NEVS)—an international consortium formed by Chinese, Japanese and Swedish stakeholders—and the Receivers of the Saab Automobile bankruptcy estate ( earlier post) signed a purchase agreement covering the main assets of Saab Automobile AB, Saab Automobile Powertrain AB and Saab Automobile Tools AB.

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First car using Nidec’s E-Axle traction motor system unveiled

Green Car Congress

Although the traction motor system will be launched in the Chinese market first, Nidec plans to make the product available to European automobile manufacturers as well in the near future. Nidec started out as a manufacturer of small electric motors for appliances and other machines in 1973 in Kyoto, Japan. Earlier post.).

Motors 309