Tag: Electrification
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Toyota Motor Corporation | Illustrated: Toyota’s Midterm Financial Results, Strengthening the Profit Structure
Toyota announced its midterm financial results for FY2025, focusing on sustaining and enhancing profitability. The report details factors affecting operating profit, the outlook for the fiscal year, and ongoing efforts in electrification and BEVs. Toyota continues to solidify its foundation while looking towards growth in the latter half of the fiscal year. Source: Here
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Mercedes-Benz | Establishment of “Mercedes-Benz High-Power Charging Japan G.K.”
Mercedes-Benz Finance has announced the establishment of a new company, “Mercedes-Benz High-Power Charging Japan G.K.,” to expand EV charging infrastructure in Japan. The new company plans to install 50 high-power chargers at 25 locations nationwide, with a total of 100 charging ports by the end of 2026. This initiative aims to accelerate the adoption of…
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Honda | Asahi Kasei and Honda Sign Shareholder Agreement for Joint Venture in Canada to Produce Lithium-Ion Battery Separators
Asahi Kasei and Honda have signed a shareholder agreement to establish a joint venture in Canada for producing lithium-ion battery separators. Honda will acquire a 25% stake in Asahi Kasei’s Canadian subsidiary, forming “Asahi Kasei Honda Battery Separator Corporation” (provisional name) with an investment of around CAD 417 million. This joint venture aims to create…
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Nissan | e-POWER vehicle production surpasses 1.5 million units
Nissan announced that cumulative global production of its e-POWER vehicles exceeded 1.5 million units as of October 2024. e-POWER, which relies on a gasoline engine and lithium-ion battery to power an electric motor, was introduced in Japan in 2016 and has expanded to models like the Kicks, X-Trail, and Serena, making up 42.6% of Nissan’s…
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Dongfeng Motor | Welcome to the Dongfeng Party Congress (Part 3): Focusing on the Only Path Forward in the New Era
Dongfeng Motor positions the development of new energy vehicles as key to the advancement of China’s automotive industry. From January to September 2024, Dongfeng’s new energy vehicle sales increased by 94.5% year-on-year, reaching 616,000 units. Dongfeng is fostering its independent new energy brands and promoting electrification in commercial vehicles. With a focus on technological innovation,…
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GAC Group | Media Interview: Detailed Analysis of GAC’s European Market Plan
GAC Group officially announced its European market plan at the 2024 Paris Motor Show. After the press conference, Feng Xingya and Wei Haigang provided detailed insights to the media on the European market strategy, global technology development, and brand-building efforts. They emphasized the strategic adjustments in the European market, particularly focusing on electrification, manufacturing, and…
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Ford | Enabling Electrification: Insights from Ford Pro
Ford Pro is leading the way in accelerating electrification in the commercial sector, learning how to maximize the benefits of electric vehicles and digital innovation for businesses and cities through strategic infrastructure and charging solutions. Source: Here
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Volkswagen Group | Volkswagen Group delivers 6.5 million vehicles by September 2024
Volkswagen Group delivered 6.5 million vehicles by September 2024, a 2.8% decrease from the same period last year. The competitive situation in China was a major factor in the global decline. However, growth was seen in North America (+7%) and South America (+15%). Although deliveries of battery electric vehicles (BEVs) decreased, Volkswagen remains a market…
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Dongfeng Honda | 1 Day Countdown! Dongfeng Honda’s NEV Factory Ready to Begin Operations
Dongfeng Honda has completed preparations for its new NEV factory, set to officially start operations on October 11. This is a major step in the company’s strategy to embrace electrification and accelerate its transformation. Source: Here