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Big Auto is begging governments to let them go bankrupt as Chinese EVs loom

Baua Electric

The auto industry is electrifying, and all new cars will be electric in the relatively near future. And yet, the auto industry – which is responsible for more pollution than any other sector, at least in rich countries – still lobbies to worsen emissions reduction targets, even when those targets were already pushed back to begin with.

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

Baua Electric

Mitsubishi’s CEO Takao Kato explained, “Collaboration with partners is essential in today’s auto industry,” with EVs and other tech rapidly developing. 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.

Honda 52
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It’s easy to criticize, hard to create; my motto is never give up, says Henrik Fisker – ET Auto

Baua Electric

He admitted that while the auto industry might be the hardest to succeed, the nascent EV industry is even more difficult. But he is personally “excited about doing great work in this industry and bringing new innovative EVs to the world”. Chinese Dominance In 2023, over 8 million electric cars were sold in China.

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Nikkei Editorial Urges Japan to Match US, China EV Moves

Green Car Congress

An editorial in Japan’s Nikkei argues that Japanese automakers need to respond aggressively to compete in the rapidly changing global market for electric vehicles.both Toyota and Honda had until recently thought that the era of hybrids would continue for a while before electric vehicles began to gain popularity.

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BYD plots another overseas EV plant: Here’s why that could be a bigger deal than you think

Baua Electric

Despite new tariffs on Chinese EV imports in the US and Europe, BYD is widening its lead in key auto markets like Southeast Asia and South America. The Chinese automaker is already a leading EV brand in these countries as it expands into new markets. It’s even cracking into Japan’s auto industry, a market dominated by Toyota.

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Toyota to receive $853 million subsidy to expand local battery production

Teslarati

The Japanese government seems aware of the shift in the auto industry toward electric vehicles and the role battery cells will play in the future. It seems that Japan wants to secure its position in the current battery supply chain by supporting domestic cell production.

Toyota 83
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China’s EV Subsidy

Revenge of the Electric Car

Japan and Europe. Auto industry executives said the subsidies are likely to apply only to vehicles produced in China, although that wasn’t clear from the government notice. Japan’s Nissan Motor Co., BYD is in position to benefit from China’s electric-car subsidies. and Europe later this year.

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