The shift was laid out in a document called the Taizhou Declaration, which called for consolidation, synergies and savings. Read more
The multibillionaire’s support for right-wing political parties could help boost his empire by cutting back regulations he thinks impede tech innovations. Read more
Despite local aspirations to own EVs, they are still beyond the reach of many, and access to a reliable source of electricity is also not always a given. Read more
The innovations aren’t yet available at a commercial scale, but they are part of an effort to prevent the global clean energy transition from stalling. Read more
Suzuki will spend ¥4 trillion on research and development and capital investment over the six years to fiscal 2030. Read more
The automaker now expects a profit of ¥4.7 trillion ($31 billion) for the fiscal year ending March, up from its previous forecast of ¥4.3 trillion. Read more
Just 380,609 EVs were registered in 2024 in Europe’s largest auto market, 27.4% fewer than in the previous year. Read more
Lithium prices have plunged since late 2022 on oversupply and slower-than-expected growth in electric vehicle demand. Read more
China’s BYD enjoyed a year-end surge to push total sales to 4.25 million passenger cars last year, as the two seek to be the top-selling electric-vehicle maker of 2024. Read more
The automaker, which currently ships Lexus models from Japan to China, intends to put the plant into production as early as around 2027. Read more
