Automobile

Hyper-competition in China's electric vehicle sector is spilling over to its biggest market in Asia, Thailand, as smaller players struggle to compete with dominant BYD, putting ambitious local production plans at risk.

Combined global vehicle sales by eight major Japanese automakers in May rose 0.5 % from a year before to 2.02 million units, data from the companies showed Friday.

Chinese electric vehicle champion BYD has slowed its production and expansion pace in recent months by reducing shifts at some factories in China and delaying plans to add new production lines, said two people with knowledge of the matter.

Nissan Motor Co. President and CEO Ivan Espinosa emphasised Tuesday that his company needs to implement restructuring measures regardless of the pain they may bring.

May car production hits 139,186 units, rising for the first time in 21 months. Domestic sales climb; BEV registrations surge 70.65% YoY.

Zhejiang Hozon New Energy Automobile faces substantial debt as restructuring efforts get underway amidst closures and unpaid wages

Japanese automaker Toyota Motor is set to increase car prices by more than US$200 in the United States, starting from July. This move is a consequence of US President Donald Trump’s tariffs.

Honda Motor Co. President Toshihiro Mibe said Thursday that the automaker will pursue case-by-case collaboration with Nissan Motor Co. and Mitsubishi Motors Corp. on the development of electric vehicles.

Japan's Nissan Motor Co. said Tuesday that it will begin selling the third-generation Leaf electric vehicle in the domestic market later this year.

The Finance Ministry is planning discussions with automaker Neta regarding the extension of the deadline under the EV 3.5 scheme, which would allow the company to continue operations and meet its obligations to produce electric vehicles (EVs) in Thailand, despite financial challenges.

Toyota Motor Corp. shareholders approved all six proposals presented at an ordinary general shareholders meeting on Thursday, including the appointments of Chairman Akio Toyoda, President Koji Sato and eight other board directors.

Japan's Honda Motor Co. is considering investing in Rapidus Corp., a Tokyo-based chipmaker working to realise domestic production of next-generation semiconductors.

Electric vehicle (EV) users have lodged a formal complaint with the Thailand Consumers Council (TCC), citing numerous problems with vehicles from the Chinese automaker NETA.