AsiaBusinessOutlook >> Zeekr Showcases Innovative Fast Charging Batteries for EVs

Zeekr, the premium electric vehicle brand of Chinese automaker Geely, unveiled lithium iron phosphate batteries that support fast charging on Dec 14. Zeekr is the latest manufacturer to introduce such a battery in a competitive market, as it seek..., Zeekr Showcases Innovative Fast Charging Batteries for EVs

AsiaBusinessOutlook >> Foxconn Chairman Proposes Setting Up Storage Facility in India

Taiwanese electronics manufacturing giant Foxconn is working on plans to set up a Battery Energy Storage System unit in India, its chairman Young Liu said here. With an eye on the electric vehicle segment, Foxconn has been expanding its battery..., Foxconn Chairman Proposes Setting Up Storage Facility in India

AsiaBusinessOutlook >> VinFast collaborates with five partners to strengthen electric vehicle

VinFast Indonesia has officially signed strategic Memoranda of Understanding (MOUs) with Goodyear Indonesia, Dunlop, Denso Sales Indonesia, CARfix, and Scuto Paint. This milestone marks a significant step in VinFast’s strategy, VinFast collaborates with five partners to strengthen electric vehicle

AsiaBusinessOutlook >> Japan's Nidec increases full-year profit outlook on strong demand

Japan-based Nidec Corp raised its full-year profit outlook by 6% on Tuesday, as the precision electric motor maker benefited from amplified demand from home appliance makers, auto makers and others., Japan's Nidec increases full-year profit outlook on strong demand

AsiaBusinessOutlook >> South Korea's Hyundai Motor joint forces with Michelin to develop EV tires

South Korean automaker Hyundai Motor announced on June 20 that the company would cooperate with French tiremaker Michelin to develop premium products..., South Korea's Hyundai Motor joint forces with Michelin to develop EV tires

AsiaBusinessOutlook >> Hyundai Motors Commences EV Plant Construction in South Korea

Hyundai Motor Co broke ground on a 2 trillion won (US$1.52 billion) dedicated electric vehicle (EV) plant in South Korea on Nov 13, accelerating the automaker's shift to electrification. It is the world's third-largest automaker by sales, plans to..., Hyundai Motors Commences EV Plant Construction in South Korea

AsiaBusinessOutlook >> Nio Collaborates with BYD to Manufacture Batteries for its EVs

Nio, a Chinese electric vehicle manufacturer, has collaborated with its larger competitor, BYD, to procure batteries for a new electric vehicle brand, according to three sources familiar with the situation. This partnership represents a strategic ..., Nio Collaborates with BYD to Manufacture Batteries for its EVs

AsiaBusinessOutlook >> TDK Ventures Partners with Ultraviolette Accelerate Global Performance

Ultraviolette, today, announced a strategic investment from TDK Ventures, the corporate venture capital arm of TDK Corporation. This partnership represents a pivotal step in Ultraviolette’s mission, TDK Ventures Partners with Ultraviolette Accelerate Global Performance

AsiaBusinessOutlook >> BYD to Soon Surpass Tesla in EV Sales

BYD is gaining ground on Tesla as the world's largest EV seller, with the Chinese automaker gaining traction in its global sales push. Last quarter, BYD came dangerously close to overtaking Tesla in terms of sales, owing partly to manufacturing do..., BYD to Soon Surpass Tesla in EV Sales

AsiaBusinessOutlook >> Battery Makers See Sharp Decline Owing to Trump's Administrations Tariffs

Shares of Japanese automakers and South Korean battery makers were hit on Tuesday, after U.S. President Donald Trump said he could impose tariffs on Canada and Mexico soon and revoked the previous administration's executive order on electric vehic..., Battery Makers See Sharp Decline Owing to Trump's Administrations Tariffs