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Top related persons:
Kim Kyung - 1 Koji Endo - 1 Daniel Leussink - 1 David Dolan - 1 Jamie Freed - 1 Yadea - 1 Tereso Panga - 1 Panga - 1
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China Thailand Tokyo Japan TOKYO Southeast Asia MANILA Philippines
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HK - 2 ASEAN Automotive Federation - 2 Thomson - 2 Toyota - 1 REUTERS - 1 Companies - 1 Japan - 1 Japan Mobility - 1

Search resuls for: "ASEAN Automotive Federation"


2 mentions found


☆ Japan auto show returns, as industry faces EV turning point
  + stars: | 2023-10-23 | by ( Daniel Leussink | Thomson Reuters | Daniel Leussink Is A Correspondent In Japan. Most Recently | ) www.reuters.com   time to read: +4 min
Toyota Motor Corporation's cars are seen at a briefing on the company's strategies on battery EVs in Tokyo, Japan December 14, 2021. The Japan Mobility Show, which opens on Thursday, comes at a critical moment for the domestic industry. Toyota (7203.T), the world's top-selling automaker, this year announced a strategic pivot to battery EVs, including plans to commercialise advanced batteries and adopt die-casting technology pioneered by Tesla (TSLA.O). Toyota's shift has helped silence criticism that it was too slow to embrace battery EVs. In contrast to the darkening outlook in Japan, data from the ASEAN Automotive Federation shows that the auto market in Southeast Asia has been growing.
Persons: Kim Kyung, Koji Endo, Daniel Leussink, David Dolan, Jamie Freed Organizations: Toyota, REUTERS, Companies, Japan, Japan Mobility, Tesla, Subaru, Mazda, Mitsubishi Motors, BYD, HK, BMW, Honda, SBI Securities, Nissan, Mitsubishi, Japan Automobile Manufacturers Association, ASEAN Automotive Federation, EV upstarts, Thomson Locations: Tokyo, Japan, TOKYO, China, Southeast Asia, Thailand
☆ Philippines says China's Yadea to invest $1 bln in e-motorcycle plant
  + stars: | 2023-06-15 | by ( ) www.reuters.com   time to read: +2 min
MANILA, June 15 (Reuters) - China's Yadea Group Holdings (1585.HK), one of the world's biggest electric two-wheeled vehicle makers, plans to invest about $1 billion in an e-motorcycle factory in the Philippines, the country's investment promotions agency chief said on Thursday. Yadea is one of a several electric vehicle (EV) manufacturers looking at the Southeast Asian nation for expansion of their manufacturing sites, Tereso Panga, director-general of government-run Philippine Economic Zone Authority (PEZA), told reporters. The Philippines is also touting its abundance of nickel, copper and cobalt, which are key raw materials for the EV industry. American and British electric vehicle firms are also scouting for battery and e-motorcycle manufacturing sites, Panga said. PEZA targets a 10% increase in investment approvals this year from 140.7 billion pesos ($2.51 billion) in 2022.
Persons: Yadea, Tereso Panga, Panga, Neil Jerome Morales, Martin Petty Organizations: Yadea, Holdings, HK, Economic Zone Authority, ASEAN Automotive Federation, Thomson Locations: MANILA, Philippines, China, Vietnam, Batangas, Manila, Thailand, Indonesia, British
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