AsiaBusinessOutlook >> Panasonic to Supply EV Batteries to Subaru

Panasonic Holdings has begun to consider providing electric vehicle batteries to Subaru, according to a source on July 28. According to the report, the two companies are soon to announce their intention to sign a basic supply agreement for EV bat..., Panasonic to Supply EV Batteries to Subaru

AsiaBusinessOutlook >> Infineon Inks Agreement with Kia and Hyundai for Chip Supply

Infineon, a German chipmaker, announced on Oct 18 that it has secured a multi-year arrangement with Hyundai and Kia to supply power semiconductors for the production of electric vehicles. Infineon said in a statement that it will create and reserv..., Infineon Inks Agreement with Kia and Hyundai for Chip Supply

AsiaBusinessOutlook >> Renault Offloads 28% of its Stake in Nissan to a French Trust

France and Renault's stake in Nissan fell to 15 percent from about 43 percent, giving the French trust 28.4 percent of the Japanese automaker, the companies said in an alliance statement, putting them on equal footing. A new deal to restructure Re..., Renault Offloads 28% of its Stake in Nissan to a French Trust

AsiaBusinessOutlook >> Investcorp to Raise Funds in CNY to Explore Buyout Options in China

The executive of Bahrain-based alternative asset manager Investcorp, announced that the company is planning to raise 2 billion to 4 billion yuan ($274 million-$548 million) for its first private equity fund in the Chinese currency. The goal is to ..., Investcorp to Raise Funds in CNY to Explore Buyout Options in China

AsiaBusinessOutlook >> Li Auto to Commence Mass Production of EVs

On November 17, Li Auto announced that it plans to begin mass production and delivery of its inaugural pure electric car in February. The Chinese automaker is banking on fast charging technologies to address range anxiety for EV users. According ..., Li Auto to Commence Mass Production of EVs

AsiaBusinessOutlook >> CATL to Supply Batteries to Stellantis for EV Production

Stellantis and CATL have announced a preliminary agreement for the supply of battery cells and modules for Stellantis' electric vehicle production in Europe. In a joint statement, the two companies confirmed that they are exploring the option of m..., CATL to Supply Batteries to Stellantis for EV Production

AsiaBusinessOutlook >> Stellantis buys back 50 Million Shares from its Chinese partner

Stellantis, the parent company of Chrysler, announced on Nov 22 that it had repurchased 50 million common shares from Dongfeng Motor (Hong Kong) International for approximately 934 million euros ($1.02 billion). Stellantis, which has a joint ventu..., Stellantis buys back 50 Million Shares from its Chinese partner

AsiaBusinessOutlook >> Toshiba to Invest in Rohm's new Semiconductor Plant

Japan's Toshiba plans to invest in Rohm's new plant in southern Japan to produce power management chips, two sources with knowledge of the matter said on Dec 7. It was not immediately clear how much Toshiba was planning to invest. However, it mark..., Toshiba to Invest in Rohm's new Semiconductor Plant

AsiaBusinessOutlook >> China Increases Lithium Storage Facilities to Ease Cargo Shortages

China's Guangzhou Futures Exchange (GFEX) has added more warehouses for lithium carbonate, it said on Monday, move analysts saw as an effort to alleviate fears of a shortage of cargoes available for January delivery. China is the world's largest c..., China Increases Lithium Storage Facilities to Ease Cargo Shortages

AsiaBusinessOutlook >> VinFast Names Pham Nhat Vuong as CEO

Pham Nhat Vuong, the founder and largest financial backer of Vietnamese electric vehicle (EV) maker VinFast, was named CEO on Saturday as the company plans an ambitious overseas expansion and ramps up sales through dealerships. Vuong, 55, succeeds..., VinFast Names Pham Nhat Vuong as CEO