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WeRide has postponed its listing on the Nasdaq Stock Exchange. Photo: Shutterstock

Chinese Robotaxi start-up WeRide delays US IPO on paperwork delay

The postponement complicates WeRide’s listing plan, as Beijing’s approval for the deal is set to expire at the end of this week.

The postponement complicates WeRide’s listing plan, as Beijing’s approval for the deal is set to expire at the end of this week

22 Aug 2024 - 8:08PM

Chinese self-driving firm WeRide seeks up to US$440 million in US IPO, placement

10 Aug 2024 - 11:26AMvideocam

Honda to end production at one of its Thailand auto plants

9 Jul 2024 - 2:54PM

Italy issues US$6.4 million fine over Chinese cars badged as Italian

Giorgia Meloni’s government has launched a campaign against companies that seek to portray foreign-produced cars as Made in Italy.

21 Jun 2024 - 4:34PM

China EV war: BYD takes on laggards Toyota, VW with steep price cuts

BYD, the world’s top-selling electric-vehicle maker, is currently discounting almost every model it sells, as part of a marketing campaign declaring ‘electricity is cheaper than oil’.

25 Mar 2024 - 12:32PMvideocam

Toyota poised to keep title as bestselling carmaker, as China sales climb 17%

Global sales rose 12 per cent from a year earlier to 986,262 units, the most ever for the month of November. That included a 17 per cent increase in China to, while production there rose 14 per cent.

27 Dec 2023 - 4:09PMvideocam

Nissan to export China-developed EVs globally, tie up with Tsinghua University

The Japanese carmaker is considering exporting its line-up of conventional and planned pure electric and plug-in hybrid cars manufactured and developed in China.

17 Dec 2023 - 1:59PM

Nissan is betting big on China, with plans to export electric cars developed and manufactured in the country. Photo: Reuters

Japan’s carmakers to showcase electric cars to prove credentials

Japanese carmakers will display EV concepts to send the message they are willing and able to make battery-powered car sightings more common on the country’s roads in the years to come.

23 Oct 2023 - 2:52PMvideocam

Japan slams brakes on sending used cars to Russia, axing lucrative trade

While wiping out Russia’s biggest source of used cars, the sanctions have driven down prices in Japan and left brokers scrambling to send vehicles to Southeast Asia, New Zealand and elsewhere.

2 Oct 2023 - 10:40AM

China’s BYD launches Dolphin EV in Japan as it seeks to pry open market

BYD, China’s biggest EV maker, has launched its Dolphin compact hatch in Japan, where imported cars account for a small slice of the market. The base model is priced at US$24,560.

20 Sep 2023 - 10:23AM

BYD launched the Dolphin compact electric vehicle in Japan on Wednesday. Photo: Bloomberg

Opinion | Carmakers must steel themselves to address supply chain carbon emissions

Carmakers are focusing on electrification, but new climate legislation will make procurement of low-carbon steel a point of competition. Traditional carmakers should lay out ambitious steel decarbonisation targets now, along with their electrification road maps, or risk losing out once again.

26 Aug 2023 - 6:43AMvideocam

An employee works at Shougang Jingtang United Iron & Steel’s warehouse in Tangshan, Hebei province, on July 22. For carmakers, the first step to reducing their steel-related emissions is to disclose them. Photo: Xinhua

Nissan plans to put new EV models on Hong Kong streets

Japanese carmaker Nissan Motors plans to roll out new electric vehicle models into the Hong Kong market and to boost sales by targeting the city’s tech-savvy drivers with new technologies and battery technologies.

3 Aug 2023 - 7:00AM

Nissan to invest US$663 million in Renault EV unit Ampere as alliance rejigged

Nissan Motor has finalised plans to invest in Renault’s electric-vehicle venture Ampere, capping months of negotiations to rebalance the troubled automotive alliance.

26 Jul 2023 - 2:29PMvideocam

Shanghai Auto Show: world’s largest vehicle fair dazzles with latest models

Battery power took center stage, with makers jostling to show off their electrification credentials.

19 Apr 2023 - 4:11PM

A general view of Aito’s vehicle display during the 20th Shanghai International Automobile Industry Exhibition on April 19, 2023. Photo: AFP

Carmakers unveil slew of EVs at Shanghai Auto Show as price war weighs on sales

Chinese carmakers will continue to offer discounts well into the second half of the year as the debilitating price war shows no signs of slowing down in the world’s top market, industry insiders said at the Shanghai Auto Show.

18 Apr 2023 - 11:39PM

The Shanghai Auto Show opened on Tuesday. Carmakers plan to unveil more than 100 new models at this year’s event. Photo: AFP

Japan bank shares plunge as Asia braces for fallout from SVB collapse

It came as Asian equities extended declines on Tuesday, led by weakness in financial stocks as investors tried to gauge the fallout from the collapse of SVB and fellow US lender Signature Bank.

14 Mar 2023 - 2:49PM

How Toyota, Honda and Nissan ceded the electric vehicle market to Tesla, BYD

The Toyota Prius hybrid and all-electric Nissan Leaf had early-mover advantage, so why is no Japanese company among the top 20 makers of electric vehicles now?

19 Feb 2023 - 7:45AM

Soaring prices make car ownership a distant dream for middle-class Americans

Three years after the coronavirus pandemic triggered a global shortage of semiconductor chips and crippled car manufacturing, Ford, GM and others are raking in huge profits.

14 Feb 2023 - 12:40PM

A sales associate talks with a prospective buyer at a car dealership in Highlands Ranch, Colorado. Photo: AP Photo

Renault CEO sparks asset sale talk after touring South Korea unit

Geely Automobile has been talking to Renault about potentially buying a controlling stake in the combustion-engine business that Renault is looking to spin off, according to people familiar with the matter.

11 Oct 2022 - 3:35PM

Car dealers propose easing warranty rules after probe by Hong Kong watchdog

Plan offered by seven dealers of 17 car brands, such as BMW and Toyota, is likely to be approved by Competition Commission.

1 Aug 2022 - 10:57PM

US may single out Tesla for crashes involving automated driving systems

Tesla’s crash rate per 1,000 vehicles is substantially higher than data from other carmakers given to the Associated Press.

15 Jun 2022 - 10:09AMvideocam

French officials issue international arrest warrant for ex-Nissan boss Ghosn

The disgraced car tycoon has been living in Lebanon since he fled Japan in 2019, where he was facing trial for financial misconduct.

23 Apr 2022 - 2:58AMvideocam

Former Nissan Motor Co. Chairman Carlos Ghosn speaks during a press conference in Jounieh, Lebanon in September 2020. Photo: AFP

Japan convicts Greg Kelly over helping ex-Nissan boss hide income

A Tokyo court sentenced the former Ghosn aide to a six-month sentence in prison suspended for three years.

3 Mar 2022 - 3:27PMvideocam

Ex-Nissan exec Kelly awaits Japan verdict after failed appeals for US visit

The 65-year-old American, arrested in Japan in 2018, is awaiting verdict in a case in which he is accused of helping his former boss under-report his income.

23 Dec 2021 - 7:00AMvideocam

China lags behind West in R&D for key electric car tech, scientist says

British scientist Zi-qiang Zhu says Chinese companies are producing less valuable innovations on permanent magnet motors, an important component of electric cars, despite Beijing’s push to become a technological leader.

16 Oct 2021 - 9:00AMvideocam

Tesla’s Model 3 vehicles seen during a delivery event at its factory in Shanghai on January 7, 2020. The Model 3 is one of many electric vehicles that rely on permanent magnet motors, an area in which researcher Zi-qiang Zhu says China lags. Photo: Reuters

Ex-Nissan CEO has ‘no doubt’ China’s economy will only get stronger

The former CEO turned international fugitive says he is done with corporate life but is still keeping a close eye on the world of business as he fights legal battles and releases his memoir to clear his name and ‘re-establish’ his legacy.

27 Sep 2021 - 7:24PMvideocam

Carlos Ghosn was credited with turning around Renault and Nissan from near bankruptcy. File photo: AFP

Electric cars’ reign may arrive sooner than expected in 2033, EY says

Strict government mandates to combat climate change are driving demand in Europe and China, where automakers and consumers face rising financial penalties for selling and buying traditional petrol and diesel-fuelled cars.

23 Jun 2021 - 10:50PMvideocam

US father and son admit helping former Nissan boss Carlos Ghosn escape Japan

The men face up to three years in prison if convicted of helping Ghosn, who is currently an international fugitive living in Lebanon.

14 Jun 2021 - 2:46PM

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Nissan

Nissan was founded just before World War I, and is one of the largest carmakers in the world. In 1999, it entered an alliance with French carmaker Renault, which owns 43.4 per cent of Nissan, which owns 15 per cent of Renault. Its models include the high-performance GTR.

last updated:

22 August, 2024