Focusing on the new trend of traditional car companies, Honda’s secondary offering was priced at 1664.
5 yen per share, valuing the deal at $3.
16 billion.
Honda said it priced the secondary offering at 1664.
5 yen a share, a 3 per cent discount from its closing price on July 17.
the deal is valued at 497 billion yen ($3.
16 billion).
Suzuki unveiled its technology strategy for the next decade, aiming to minimize energy consumption.
On July 17, Japan’s Suzuki Motor Company unveiled its technology strategy for the next decade, which aims to achieve “energy minimization technology”.
Covering the process from manufacturing to recycling, while providing global consumers with driving fun, committed to achieving carbon neutrality.
BMW recalled more than 1100 vehicles in the United States because of airbag problems, and the National Highway Traffic Safety Administration (NHTSA) said on July 17 that BMW would recall 1145 vehicles in the United States because airbags on the driver’s side of the vehicle could explode during opening.
The recall includes 2015 6-Series Gran Coupe, 2014 5-Series Gran Turismo and 2014 5-Series sedans, as well as other models equipped with Takata airbags.
Renault appointed a former Ferrari executive as CTO, and Renault appointed Philippe Krief, a former Ferrari executive, to succeed Gilles Le Borgne as the company’s chief technology officer (CTO).
Krief, currently chief executive of the Renault Alpine brand, will take over on Sept.
1 while retaining his position at Alpine.
Jaguar will stop production of SUV models at its Magnastair plant in Austria, and Jaguar Land Rover’s current agreement with contract manufacturer Magnus Steyr will end in December, when Magna’s plant in Austria will stop production of Jaguar I-Pace medium-sized electric SUV and E-Pace compact SUV.
Sales of electric vehicles have slowed, Stellantis has increased transmission production of hybrid vehicles, and Stellantis plans to strengthen the production of hybrid transmission systems due to the weakening demand for pure electric vehicles.
Leonardo Rossi, manager of the Mirafiori plant in Italy, says Stellantis aims to increase the production speed of its electric dual-clutch gearbox by 10 per cent.
Meanwhile, production of Fiat 500 electric cars at a nearby factory will be suspended.
Stellantis offers a $600 promotion to electric car consumers in the United States, and Stellantis will provide $600 worth of promotional gifts to customers who buy new pure electric vehicles in the United States.
Stellantis customers can get free home charging devices or charge points worth $600 when buying BEV from the company’s brands, including Jeep, Ram, Chrysler, Dodge and Fiat.
Renault began mass production in South Korea, and Renault Korea announced on July 16 that it had begun mass production of the D-class hybrid SUV Grand Koleos.
Renault Korea held a ceremony at its Busan factory the day before to commemorate the commissioning of the first Daike Leao.
Daimler trucks lowered its annual forecast because of weak demand in the Chinese market, Daimler truck Holdings impaired the value of its joint venture in China, resulting in a negative non-cash impact of 120 million euros on its Asian business.
may downgrade its annual outlook.
Meanwhile, Daimler trucks reported an initial profit before interest and tax of 1.
08 billion euros in the second quarter, below the company’s forecast of 1.
25 billion euros.
Focusing on electrification, BYD won 3 per cent of the Japanese electric car market in the first half of the year.
According to the latest sales data, BYD sold 1084 electric vehicles in the Japanese market in the first half of 2024, accounting for nearly 3 per cent of the Japanese electric car market.
In an effort to save the lossmaking battery business, two energy companies owned by the SK Group merged.
SK Innovation, the parent company of battery company SK On, will buy SK shares in an all-stock deal, according to a stock exchange filing on July 17th.
The combined company’s total assets will be about 100 trillion won.
SK is undergoing a major restructuring to boost its lossmaking battery business.
Mercedes-Benz partnered with Starbucks to build fast charging stations in the United States, and Mercedes-Benz’s high-power charging company said it had partnered with Starbucks to deploy fast charging stations in more than 100 locations in the United States.
The first phase of the plan will install 400 kilowatt electric vehicle charging posts at Starbucks stores along Interstate 5.
Musk will move the headquarters of SpaceX and X to Texas.
Tesla CEO Elon Musk said on July 17th that he would move the headquarters of his two other companies, social media platform X and rocket company SpaceX–, from California to Texas on the grounds that California’s new gender identity law is “the last straw that kills the camel.
” Focusing on intelligence, the former Russian self-driving car company Yandex was reborn through Avride, and a group of core executives and engineers of Russian self-driving car company Yandex were reorganized to form a company called Avride Inc.
The new autopilot technology company.
Avride is developing autopilot technology for sidewalk delivery robots and robotic taxis.
The United States will provide $400m in aid to global wafers to boost US semiconductor wafer production, and the US Commerce Department said on July 17th that it plans to provide up to $400m in government subsidies to GlobalWafers, a Taiwanese company, to significantly increase production of semiconductor wafers in the United States.
Asmai shares fell 10%, as shares of Asma, the world’s largest supplier of computer chip manufacturing equipment, fell 10% on July 17 on concerns about China’s profit outlook in the second quarter.
because of pressure from the US government, its exports to China may be subject to stricter restrictions.
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