AsiaBusinessOutlook >> LG units to repay GM USD 1.2bn for Bolt EV battery recall costs

LG Electronics and LG Energy Solution said that they will repay General Motors about 1.4 trillion won ($1.2 billion) in costs for the recalls of Bolt electric vehicles due to battery defects., LG units to repay GM USD 1.2bn for Bolt EV battery recall costs

AsiaBusinessOutlook >> Shriram Finance secures $100 million loan from Asian Development Bank

NBFC Shriram Finance Ltd said it had secured a five-year loan worth $100 million from the Asian Development Bank to provide credit to its customers towards purchase of new and used vehicles across India... , Shriram Finance secures $100 million loan from Asian Development Bank

AsiaBusinessOutlook >> Nissan And Renault to Invest USD 600M In India For New Model Production

Nissan Motor Co and Renault SA announced on Monday (Feb 13) that they would invest US$600 million in India to produce six new models. According to a statement, the Japanese and French automakers will work on the projects from their Chennai base, t..., Nissan And Renault to Invest USD 600M In India For New Model Production

AsiaBusinessOutlook >> Tech Innovation: What's Next for Businesses in Asia in 2024

Asian enterprises own 87 percent of the top ten patents for solid-state battery. , Tech Innovation: What's Next for Businesses in Asia in 2024

AsiaBusinessOutlook >> Toyota and BMW to Jointly Develop Advanced Fuel Cells

Toyota Motor Corp and BMW are planning to enhance their partnership in fuel cell vehicles, as reported by Nikkei Asia on Tuesday. The two automakers are expected to sign a memorandum of understanding next week, with an official announcement sched..., Toyota and BMW to Jointly Develop Advanced Fuel Cells

AsiaBusinessOutlook >> BYD Set to Beat Tesla to Become Largest Global EV Seller

BYD is set to surpass Tesla in the globe’s total sales of electric vehicles (EV) in 2025. It is estimated that the automaker has already sold 2.1 million units of EV, comprising battery EV and Plug-in Hybrid EV. , BYD Set to Beat Tesla to Become Largest Global EV Seller

AsiaBusinessOutlook >> SAIC Motor India Bets $440M on EV Growth

SAIC Motor, JSW MG Motor, plans to invest as much as $440 million to increase manufacturing capability and speed up the rollout of hybrid and electric vehicles, according to its Managing Director. , SAIC Motor India Bets $440M on EV Growth

AsiaBusinessOutlook >> AUTOMOTIVE WORLD 2026 Concludes with Milestone Opening Ceremony

AUTOMOTIVE WORLD 2026, organised by RX Japan GK, concluded at Tokyo Big Sight following three days of exhibitions and conferences., AUTOMOTIVE WORLD 2026 Concludes with Milestone Opening Ceremony

AsiaBusinessOutlook >> Volkswagen Adds AI Agents to China EVs by 2026

Volkswagen plans AI-powered in-car agents for China by 2026, partnering with Horizon Robotics to boost EV software, autonomy, and localization., Volkswagen Adds AI Agents to China EVs by 2026

AsiaBusinessOutlook >> SBI to hire consultant to analyze business potential in EV charging space

Amid the government’s thrust on electric vehicles, the country’s largest lender SBI has decided a consultant to explore the business potential of digital payments in EV charging space to hire., SBI to hire consultant to analyze business potential in EV charging space