Asia

Mahindra to Spend $2.5 Billion on Capacity, Products

May 30, 2019 at 12:50 PM

India’s Mahindra & Mahindra Ltd. says it will hike spending 20% to 180 billion rupees ($2.5 billion) through 2022 to expand production, develop new models and create “greener” powertrains.

Nissan Study Suggests Renewed Interest in Sedans

May 30, 2019 at 12:45 PM

Contrary to recent sales trends, four in five Americans who don’t currently own a sedan say they would consider buying one in the future, according to a study commissioned by Nissan Motor Co. 

Nio Plant Venture Lands $1.5 Billion Investment

May 30, 2019 at 11:03 AM

Chinese electric-car startup Nio Inc. is forming a manufacturing joint venture with Beijing E-Town International Investment and Development Co., which is investing 10 billion yuan ($1.5 billion) in the business.

Two Chinese Cities Relax Car Ownership Rules

May 29, 2019 at 5:21 PM

Guangzhou and Shenzhen are loosening rules on new-car purchases and ownership in a bid to help revive China’s stalled car market.

Nissan CEO Sees No Major Problems with Renault-FCA Merger

May 29, 2019 at 3:41 PM

CEO Hiroto Saikawa tells reporters that Nissan detects no “particularly negative” aspect of the proposed merger between Renault and Fiat Chrysler Automobiles.

China Readies 375-mph “Maglev” Train

May 29, 2019 at 2:09 PM

China Railway Rolling Stock Corp. aims to begin production in 2021 of a magnetic levitation train system capable of speeds as high as 600 kph (373 mph).

Fuel Cell Developer Touts Low-Cost, High-Power Design

May 29, 2019 at 11:04 AM

Singapore-based Horizon Fuel Cell Technologies says its patent-pending graphite bipolar plate technology doubles a fuel cell’s power density and cuts material costs 50%.

Hyundai Doubles Up on Electric Bus

May 29, 2019 at 9:59 AM

Hyundai Motor Co. unveiled a double-decker electric bus at this week’s Transport Technology fair in Seoul.

Infiniti Moving HQ Back to Japan in 2020

May 29, 2019 at 9:29 AM

Nissan Motor Co.’s Infiniti unit says it will move its headquarters from Hong Kong, where it has been located for seven years, back to Japan in mid-2020.

Report: Toyota May Invest $549 Million in DiDi Chuxing

May 29, 2019 at 12:56 AM

Toyota Motor Corp. is studying a move to invest some 60 billion yen ($549 million) in DiDi Chuxing, China’s largest ride-hailing service.

VW to Launch “Smart City” Initiative in China

May 28, 2019 at 5:09 PM

Volkswagen AG and Anhui Jianghuai Automobile Group (JAC Motor) have signed an agreement with the government of Hefei, China, to test next-generation vehicle technologies as part of a “smart city” initiative.

Report: VW, Samsung Reassess Battery Deal

May 28, 2019 at 1:52 PM

Volkswagen AG may revise its €50 billion ($56 billion) battery sourcing strategy for electrified vehicles because Samsung Electronics Co. can’t meet demand forecasts, sources tell Bloomberg News.