Japan boosts EV future with $2.4 billion battery subsidy
The subsidies are aimed at increasing Japan’s capacity to produce batteries domestically, a critical component in the shift to electric vehicles.
Toyota
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China threatens economic retaliation against Japan over semiconductor restrictions
According to sources cited by Bloomberg, Toyota is apprehensive that Beijing might retaliate by limiting Japan’s access to critical minerals essential for automotive production. This concern stems from Japan's stringent controls on chip manufacturing equipment, which are part of a broader strategy endorsed by the U.S. to curtail China's advancements in semiconductor technology. Toyota's strategic investments in Taiwan Semiconductor Manufacturing Company's (TSMC) Kumamoto plant have further heightened fears of becoming a target of Chinese economic measures.
Honda and Nissan join forces on in-vehicle software development, Toyota’s inclusion suggested
The agreement marks a significant step for both automakers, as they seek to counteract declining sales and increased competition, particularly from Chinese EV manufacturers like BYD.
Japan’s Topix index reaches record high amid surge in banks and automakers
The Tokyo Stock Price Index (Topix) hit a record high as Japan’s banking and automotive sectors experienced significant gains, reflecting robust economic growth and investor optimism in key industries.
Toyota extends production suspension amid diesel engine data rigging scandal
Popular models such as the Land Cruiser and the Hiace are among those impacted by the production halt, which was initially scheduled until Monday. Toyota will decide on Thursday whether it can resume production from Feb 12.
India gears up for green shift: trade department favors lower hybrid car taxes
Hybrid vehicles, with their dual combustion engine and electric motors, occupy a curious space in the automotive world. They offer significant fuel efficiency and emissions reductions compared to traditional gasoline cars but still fall short of the zero-emissions nirvana promised by electric vehicles (EVs).
Daihatsu halts production over safety testing scandal
The Daihtsu issue, involving falsified crash tests, was initially revealed in April, and subsequent investigations uncovered data manipulation dating back to as long as 1989.
A List Of Major Industries Shaping Japan’s Prosperity
From the technological prowess of manufacturing to the innovation in services, discover the key sectors shaping Japan's economic landscape and driving its influence on the global stage.