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...“We cannot allow one of the largest American steelmakers to be gobbled up by a foreign entity with ties to the Chinese Communist party and its military-industrial apparatus....
...Nissan wants to forge new partnerships, after scaling back its alliance with France’s Renault, and is planning a tie-up with Honda to develop electric cars....
...Both Japanese carmakers, which each sell about 4mn vehicles a year globally, were caught off-guard by the rise of China’s homegrown EV groups, while Nissan missed out on a boom in hybrid vehicles sales in...
...The duo face a common threat from Chinese rivals. Affordable Chinese electric vehicles entered the Japanese market in 2022....
...Luca de Meo, Renault’s chief executive, has called for the EU to adopt an Airbus-like approach to EV production, with more industrial co-operation and public investment....
...Nissan plans to slash the cost of manufacturing its electric vehicles by 30 per cent through new partnerships and manufacturing methods, as the Japanese carmaker responds to the rising threat from Chinese...
...The IEA’s report added that the number of electric cars sold globally in the first three months of this year is “roughly equivalent to the number sold in all of 2020”....
...Owning a fully electric car “will be easier with time”, Eroh added. “But that time is not yet.”...
...Panasonic is investing billions to build a plant in Kansas....
...The chief executives of the two Japanese groups on Friday said the scope of their co-operation would include software, core EV components and auto intelligence technology....
...A spokesman for the Knox Group of Companies said: “We do not operate shadow companies and consider that your description of these entities is deliberately misleading....
...“Europe’s industrial strategy is totally missing,” said De Meo, who also heads the European carmakers’ association, ACEA....
...Japanese homebuilder Sekisui House on Thursday agreed to buy Denver-based developer MDC for $4.9bn in cash. A shrinking domestic market is forcing Japan Inc to look for growth overseas....
...and Ryota Iwai’s Auralee, which both fuse traditional Japanese craftsmanship with a contemporary aesthetic; and Satoshi Kuwata, whose Milan-based label Setchu was awarded the 2023 LVMH Prize and is a specialist...
...It is spending tens of millions of dollars to build a plant in western Japan that is set to be ready this year, but this will cater to demand from existing customers such as Panasonic....
...But they also want to know whether Elon Musk’s company is in the midst of a major change in direction, after reports that it was slowing plans for a cheaper $25,000 electric car — known unofficially as the...
...Panasonic is best known for being an important Tesla supplier. But it makes many more parts of a car than just electric car batteries....
...One response, advocated by Renault chief Luca de Meo, is for the EU to adopt an Airbus-like approach to production, with more industrial co-operation and public investment....
...The results come at a turbulent time for Musk and the electric vehicle sector....
...Inspired by China’s rising electric mobility, Gupta convinced his wife Rashi Agarwal, who ran a fashion business, to help him co-found Zypp Electric in 2017....
...USW president David McCall, a vocal critic of the Japanese group’s bid, was invited to a White House state dinner last week in honour of Fumio Kishida, Japan’s prime minister....
...As global electric vehicle sales growth slows, carmakers and regulators are asking an existential question: is the current slowdown a blip?...
...The electric car market is still in an early commercialisation phase. There is plenty of room for growth. Pedal to the metal please, Panasonic....
...But there is a strategy behind the Chinese electric vehicle giant’s move to widen its range of offerings — not only by price point but also by fuel type....
...In China’s hyper-competitive electric vehicle market, a company usually needs more than just a new model for a stock price boost....
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