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Toyota joins 7 other companies in Rapidus venture to develop next-gen 2nm semiconductors in Japan

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Toyota Motor will join seven other leading Japanese companies—Sony Group, NEC, Toyota supplier Denso, NTT, chipmaker Kioxia Holdings, SoftBank and Mitsubishi UFJ Financial Grou—in working with the Japanese government in a new next-generation semiconductor venture named Rapidus. The companies are investing a combined ¥7.3

Japan 370
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Battery company Vehicle Energy Japan to become Nissan subsidiary

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Nissan Motor entered into a definitive agreement to acquire shares in Vehicle Energy Japan , an automotive lithium-ion battery manufacturer. Nissan will acquire all the common shares of Vehicle Energy Japan held by investment company INCJ, Ltd. and subscribe to common shares issued by Vehicle Energy Japan.

Japan 199
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EVR Motors signs fourth commercial agreement in India and establishes Indian manufacturing facility

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Israel-based EVR Motors has signed an agreement with RSB Group, one of India’s Tier-1 automotive suppliers. Each of the partners is in various phases of setting up production lines to provide electric motors based on EVR’s proprietary electric motor topology.

India 259
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Nissan, Mitsubishi unveil jointly developed new all-electric mini-vehicles in Japan

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Nissan Motor and Mitsubishi Motors unveiled their first jointly developed light electric vehicles (EVs)—the Sakura and the eK X EV (pronounced “eK cross EV”), —in Japan. The line-off ceremony took place at the Mitsubishi Motors’ Mizushima Plant in Kurashiki City, Okayama Pref.,

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Toyota to invest up to $5.6B in battery production in Japan and US

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Toyota Motor Corporation will invest up to approximately US$5.6 billion in Japan and the United States toward supplying automotive batteries for battery electric vehicles (BEVs), for which demand is growing. The company aims to begin battery production between 2024 and 2026. PPES) and in Toyota plants and property.

Japan 273
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ANA and Joby to establish eVTOL ridesharing service in Japan; Toyota joining for ground integration

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ANA Holdings and Joby Aviation are forming a partnership that will see Japan’s largest airline join with Joby to bring aerial ridesharing services to Japan. Toyota Motor Corporation (Toyota) also joined the partnership, with the intention of exploring opportunities such as ground-based transportation. Earlier post.)

Japan 418
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JARE investing AUD200M in Lynas Rare Earths; heavy rare earths for Japan

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Australia-based Lynas Rare Earths Limited has signed new agreements with Japan Australia Rare Earths B.V. JARE was co-founded in 2011 by Sojitz Corporation and Japan Organization for Metals and Energy Security (JOGMEC); Lynas and JARE are parties to a long-term senior loan facility. LRE supplied to Japan by Lynas from Mt.

Japan 199