Author: business

Japanese Carmakers Falling Behind in EV Transition

Japanese car makers have been global market leaders for decades. The industry is now transitioning to electric vehicles. Big brands like Toyota, Nissan and Honda are seen as falling behind. Bruce Einhorn reports on Bloomberg Television. (Source: Bloomberg)

Chinese EV Maker Nio Will Face ‘Huge Challenge,’ CEO Says

Nio Inc. founder and Chief Executive Officer William Li said the Chinese EV maker may face a challenging first half as a cut in government subsidies and the broader economic slowdown erode local demand in the world’s largest new-energy vehicle market. He spoke exclusively to Bloomberg at a weekend event in Hefei in central Anhui province, where Nio launched a revamped ES8, an iteration of the original electric sports utility vehicle it’s been selling since 2018, and a new pure electric coupe dubbed the EC7.  (Translated excerpt) (Source: Bloomberg)