Remove Auto Remove Chinese Remove Global Remove Japan
article thumbnail

ZEEKR (ZK) is planning EV showrooms in Japan ahead of market entry in 2025

Baua Electric

Chinese EV automaker ZEEKR continues its global expansion, recently relaying plans to sell its vehicles in Japan. Once again, Geely-owned EV marque ZEEKR ($ZK) continues to demonstrate ambitious global market expansion plans despite only being about three years old. FTC: We use income earning auto affiliate links.

Japan 52
article thumbnail

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.

article thumbnail

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
article thumbnail

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

Honda 52
article thumbnail

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.

Chinese 52
article thumbnail

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.

Auto 52
article thumbnail

Nissan global production cuts imperil CEO’s recovery plan

Baua Electric

billion) for the year through March 2025, down from its prior forecast of 600 Yen billion - far more than analysts had expected - due to weak sales in Japan and the US. --> Nissan slashed its operating profit outlook to ¥500 billion ($3.3 Chief Executive Officer Makoto Uchida is already struggling. in 2023, according to data by Marklines Co.

Nissan 52