NISSAN EV PLANS
Ola working on solid-state batteries, okay with govt tapering off EV subsidies
Ola Electric, led by Bhavish Aggarwal, revolutionizes electric vehicle batteries with cutting-edge technology. Partnering with Beijing Welion New Energy, they achieve a 1000 km range with innovative battery-swapping services. The industry anticipates electric aircraft powered by these advancements, cementing Ola Electric as a pioneering force in the EV sector.
U.S. electric vehicle maker Fisker files for bankruptcy
The bankruptcy filing by U.S. electric vehicle maker Fisker comes after failed deal talks with a major automaker, resulting in the company facing the consequences of a rapid cash burn to deliver its 'Ocean' SUVs in the U.S. and Europe. Fisker Group Inc, a subsidiary of the company, sought Chapter 11 bankruptcy protection, citing estimated assets between $500 million to $1 billion and liabilities ranging from $100 million to $500 million.
Boost for Hyundai Motor export plans, as auto co plans to launch slew of EVs over next 4 years
Hyundai Motor India Ltd (HMIL) is planning a ₹25,000 crore IPO to drive its parent company's strategy of making India a key export hub. The company plans to introduce nearly half a dozen electric vehicles for local sales and exports as part of this ambitious strategy.
Automakers hope for a cut as two-way EV charging becomes real
Automakers and utilities are gearing up for V2G technology, enabling EV owners to sell power back to grids. Major players like GM, Ford, Volkswagen, and Nuvve are actively involved in this evolving landscape of bidirectional charging.
Honda to launch next-generation EVs in China by 2027
Japan's second-biggest car maker has lagged behind European and U.S. competitors such as General Motors and Volkswagen in ramping up EV sales.
Nissan says it will make next-generation EV batteries by 2028
Solid-state batteries, which replace the corrosive liquids found in conventional batteries with solid metals, are widely seen as the next step for EVs, and leading automakers are racing to develop versions that can be mass produced. Rivals like Volkswagen and Toyota have also announced efforts to produce solid-state EVs, with Toyota setting a date of 2027-28 to begin bringing them to market.
Nissan will invest in Renault's Ampere in pursuit of global EV roadmap: CEO
Nissan, in December, had confirmed it would invest 600 million euros ($650 million) in Renault's EV business Ampere, listing plans for which the French car-maker ditched earlier this year because of sluggish stock market conditions.
Chinese EV makers challenging market leaders at auto show in Bangkok
Chinese EV makers shine at Bangkok Motor Show with BYD leading sales. Thailand's growing EV market attracts global brands like Tesla and XPeng, with plans for EV assembly and expansion into Southeast Asia.
Nissan to launch 16 EVs in next three years globally, plans to make India a hub for exports
Nissan to introduce three new models in India for exports by 2026. 'The Arc' plan drives competitiveness. Strategic partnerships with Renault and Mitsubishi Motors for global offerings. Manufacturing at Renault Nissan Automotive India Pvt Ltd with 4.8 lakh units annual capacity.
Nissan targets 1 million car sales growth over next three years
Nissan Motor unveiled plan to launch 30 new models by March 2027, targeting 1 million increase in global sales. Nissan is focussing on cost-cutting for profitability, aiming for 6% operating profit margin and 30% shareholder returns.
China is charging ahead with EVs. Why is the world worried?
Concerns over China's EV dominance in Western markets are rising, with Chinese automakers like BYD offering cheap electric vehicles that undercut Western prices, leading to fears of a future market takeover. The threat of Chinese EVs has prompted global automakers to join forces and consider manufacturing partnerships to stay competitive.
What are EV startups doing to ride out weak demand?
US electric vehicle startups are turning to cheaper models, slamming the brakes on their production ramp-up plans and laying off employees to navigate a slump in demand due to steep borrowing costs and high repair expenses for the vehicles.
Nissan may bring ultra-compact EV production in-house from 2028, sources say
Bringing production in-house would allow Nissan - an EV pioneer with its Leaf compact car - to boost its profit margin which is below that of domestic peers Toyota Motor and Honda Motor.
New-gen Dacia Spring EV launching globally on Feb 21. Could come to India as Kwid EV
Dacia will launch the new version of Spring EV on February 21. The France-based automaker plans to introduce a Made in India EV by 2027. The new Spring EV is expected to come to India as the Kwid EV. Other upcoming electric cars in India include Maruti Suzuki eVX, Tata Curvv, Skoda Enyaq, Kia EV9, and Mahindra XUV e8.
Nissan ramps up EV plans in UK with $1.4-billion investment
Nissan said its plans for electric versions of the Qashqai and Juke, produced in Sunderland, northeast England, would require a total investment of up to 2 billion pounds, including a third battery plant in Britain and infrastructure projects that partners would help to finance.
Nissan will invest over $1 billion to make EV versions of its best-selling cars in the UK
Nissan is investing over $1.3 billion to upgrade its factory in Sunderland, England, to produce electric versions of its Qashqai and Juke crossover vehicles. The investment will enable wider investment in infrastructure projects and the supply chain, including a new gigafactory. The UK's automotive industry contributes 71 billion pounds a year to the economy.
Vietnam's Vinfast committed to selling EVs to US despite challenges, intense competition
Worldwide, Vinfast sold just 19,562 EVs from April-September, well below its 2023 target of 50,000. But Vinfast is committed to riding the wave of countries trying to switch to EVs to cut emissions, Thuy said while speaking with The Associated Press at Vinfast's sleek headquarters in Hanoi.
Nissan boss says 'no going back' on EV vehicles
The head of Nissan on Monday said the company had no reverse gear for electric, despite the UK government rowing back on one of its flagship policies. British car manufacturing lobby group the SMMT last week said the UK government postponement had caused "confusion and uncertainty" in the sector.
Tata seeks partnerships for UK battery plant to supply Jaguar Land Rover EVs
“If you look at the startups that are working in this space, they are at the forefront of technology,” Tata Motors Group Chief Financial Officer P.B. Balaji said in an interview in Mumbai. “It’s a melange of opportunities. We are speaking to a host of them,” he said.
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