Etiqueta: Japan

Maruti Suzuki has cut near-term production targets for its maiden electric vehicle e-Vitara by two-thirds because of rare earths shortages, a document showed, in the latest sign of disruption to the auto industry from China's export curbs.

China's export controls on rare earth elements, crucial for various industries, have sparked global concern, particularly in the electric vehicle sector. While China dominates rare earth mining and refining, this strategic move to weaponize these resources is incentivizing other nations to develop their own supply chains and explore alternative materials.

BERLIN/LONDON/DETROIT (Reuters) -Frank Eckard, CEO of a German magnet maker, has been fielding a flood of calls in recent weeks. Exasperated automakers and parts suppliers have been desperate to find alternative sources of magnets, which are in short supply due to Chinese export curbs. "The whole car industry is in full panic," said Eckard, CEO of Magnosphere, based in Troisdorf, Germany.

The Seal 07 DM-i has been renamed Seal 7 DM-i in the Gulf region and is now available in Saudi Arabia, the UAE, Kuwait, Qatar, and Oman.

BYD registered a record 416 vehicles in Japan in May, with over 240 of them being the newly launched Sealion 7 electric SUV.

CATL and BYD's combined EV battery installations in January-April totaled 171 GWh, accounting for 55.4 percent of the global total.

BYD is planning to launch a tiny, affordable electric vehicle model in Japan in the second half of 2026, making its entry into the smallest street-legal

Plugin vehicles reach 22% share, or 1.5 million units, in April. Global plugin vehicle registrations were up 22% in April 2025 compared to April 2024. There were around 1.5 million registrations. More good news is that BEVs pulled further ahead of plugin hybrids, growing 26% YoY to 1 million units ... [continued]

China's export restrictions on rare earths that are widely used by the auto industry could disrupt, or even halt, German car production, Germany's VDA auto industry lobbying group said on Tuesday.

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