German car giants and Asian battery kings: a match made in Hungary

German car giants and Asian battery kings: a match made in Hungary

German, Chinese and S.Koreans head to Hungary They dominate auto investment and subsidies Orban’s Hungary keen to court foreign business BERLIN/BUDAPEST, Dec 13 (Reuters) – German automakers and Asian battery suppliers are getting together in Hungary in a multi-billion-dollar marriage of convenience to drive their electric ambitions. The companies are flocking to central Europe, where … Read more

Vietnam’s VinFast ships first electric vehicles to U.S. customers

Vietnam’s VinFast ships first electric vehicles to U.S. customers

HAI PHONG, Vietnam, Nov 25 (Reuters) – Vietnam’s electric vehicle maker VinFast said on Friday it had shipped its first batch of 999 cars to the United States, capping a five-year bid to develop an auto production hub in the Southeast Asian country for markets in North America and Europe. The first cars are expected … Read more

Tesla slashes China prices by up to 9% as analysts warn of ‘price war’

Tesla slashes China prices by up to 9% as analysts warn of ‘price war’

SHANGHAI, Oct 24 (Reuters) – Tesla (TSLA.O) has cut starter prices for its Model 3 and Model Y cars by as much as 9% in China, reversing a trend of increases across the industry amid signs of softening demand in the world’s largest auto market. The price cuts, posted in listings on the electric vehicle … Read more

EXCLUSIVE Korean auto giant Hyundai investigating child labor in its U.S. supply chain

EXCLUSIVE Korean auto giant Hyundai investigating child labor in its U.S. supply chain

DETROIT, Oct 19 (Reuters) – Hyundai Motor Co (005380.KS), Korea’s top automaker, is investigating child labor violations in its U.S. supply chain and plans to “sever ties” with Hyundai suppliers in Alabama found to have relied on underage workers, the company’s global chief operating officer Jose Munoz told Reuters on Wednesday. A Reuters investigative report … Read more

North Korea fires two ballistic missiles in seventh of recent launches

North Korea fires two ballistic missiles in seventh of recent launches

TOKYO, Oct 9 (Reuters) – North Korea fired two ballistic missiles early on Sunday, authorities in neighbouring countries said, the seventh such launch by Pyongyang in recent days that added to widespread alarm in Washington and its allies in Tokyo and Seoul. Officials in the South Korean capital have said the uptick in the North’s … Read more

Ford stock has biggest daily drop since 2011 after inflation warning

Ford stock has biggest daily drop since 2011 after inflation warning

The Ford logo is pictured at the 2019 Frankfurt Motor Show (IAA) in Frankfurt, Germany. REUTERS/Wolfgang Rattay Register now for FREE unlimited access to Reuters.com Register Sept 20 (Reuters) – Ford Motor Co’s (F.N) stock tumbled over 12% on Tuesday in its deepest one-day decline in over a decade after the automaker said inflation-related costs … Read more

Typhoon batters Japan with record rain, killing two

Typhoon batters Japan with record rain, killing two

A man walks on the street in heavy rain and wind caused by Typhoon Nanmadol in Kagoshima on Japan’s southernmost main island of Kyushu September 18, 2022, in this photo taken by Kyodo. Kyodo via REUTERS ATTENTION EDITORS – THIS IMAGE WAS PROVIDED BY A THIRD PARTY. MANDATORY CREDIT. JAPAN OUT. NO COMMERCIAL OR EDITORIAL … Read more

Truly autonomous cars may be impossible without helpful human touch

Truly autonomous cars may be impossible without helpful human touch

MILTON KEYNES, England, Sept 12 (Reuters) – Autonomous vehicle (AV) startups have raised tens of billions of dollars based on promises to develop truly self-driving cars, but industry executives and experts say remote human supervisors may be needed permanently to help robot drivers in trouble. The central premise of autonomous vehicles – that computers and … Read more

Tesla considering lithium refinery in Texas, seeks tax relief

Tesla considering lithium refinery in Texas, seeks tax relief

The TESLA logo is seen outside a dealership in the Brooklyn borough of New York City, U.S., April 26, 2021. REUTERS/Shannon Stapleton Register now for FREE unlimited access to Reuters.com Register Sept 9 (Reuters) – Tesla Inc (TSLA.O) is considering setting up a lithium refinery on the gulf coast of Texas, as it looks to … Read more

Honda Motor, LG Energy to build $4.4 bln U.S. EV battery plant

Honda Motor, LG Energy to build $4.4 bln U.S. EV battery plant

TOKYO/WASHINGTON, Aug 29 (Reuters) – Japan’s Honda Motor Co (7267.T) will build a new $4.4 billion lithium-ion battery plant for electric vehicles in the United States with Korean battery supplier LG Energy Solution Ltd (373220.KS), the two companies said on Monday. Battery makers are looking to increase production in the U.S. where a shift toward … Read more