Reuters Asia Business

By Daniel Leussink BEIJING (Reuters) -Japan’s Toyota Motor will pair up with China’s Tencent while Nissan will team up with Baidu, the companies said on Thursday, cross-border partnerships that highlight the importance of artificial intelligence for carmakers. The separate announcements from two of Japan’s biggest automakers at the Beijing auto show also underscored the attempt …

Toyota and Nissan pair up with Tencent and Baidu for China AI arms race Read More »

By Chayut Setboonsarng PATTAYA, Thailand (Reuters) – Toyota launched a public transport pilot on Thursday with nine fully electric Hilux Revo pickup trucks in Thailand, a key Southeast Asian battleground for electric vehicles where Chinese players are challenging the dominance of Japanese automakers. “The battery EV Revo have been modified into song-taews for public transportation,” …

Toyota pilots EV pickup trucks in key Thai market Read More »

SEOUL (Reuters) -Three South Korean low-cost carriers are currently in the race to buy Asiana Airlines’ cargo business, two people with knowledge of the matter said on Thursday. Among the carriers that participated in the first round of bids, Jeju Air said in a regulatory filing on Thursday that it did not participate in the …

3 South Korean budget airlines still in race for Asiana cargo unit, sources say Read More »

By Kevin Krolicki, Zoey Zhang, Sarah Wu and Qiaoyi Li BEIJING (Reuters) – China’s largest auto show opened in Beijing on Thursday with the biggest names showing off their latest electric vehicles (EVs), underlining how the world’s largest auto market is already in an all-electric state of mind, and isn’t looking back. Automakers are set …

China’s largest auto show showcases all-electric future, local brands dominate Read More »

BEIJING (Reuters) – Chinese smartphone maker Xiaomi has locked in 75,723 orders for its sporty SU7 electric sedan as of April 24, and aims to deliver over 10,000 units in June, founder Lei Jun said on Thursday. The delivery target sets a record for an electric vehicle (EV) startup, Lei said during an event on …

Xiaomi locks in over 75,000 orders for SU7 car, targets over 10,000 deliveries in June Read More »

By Daniel Leussink BEIJING (Reuters) -Nissan Motor and Mazda Motor unveiled new cars tailored for Chinese drivers on Thursday, signalling a fresh push by Japanese automakers to regain ground in the world’s largest auto market. The models, including some concept cars, were introduced at the Beijing auto show and mark an attempt to better respond …

Nissan, Mazda roll out new models for China as they aim for comeback Read More »

By Cynthia Kim and Jihoon Lee SEOUL (Reuters) -The South Korean economy grew at the fastest pace in more than two years in the first quarter beating all estimates with a pick-up in domestic consumption and robust exports, but the market questioned if the recovery was sustainable. Gross domestic product (GDP) for the January-March quarter …

South Korea Q1 GDP growth smashes estimates, but outlook’s uncertain Read More »