Due to Semiconductor Shortage, Toyota Cuts its Annual Production Plan   Nearly all global automakers have been facing chip shortages since late last year. The ongoing shortage has resulted in production shutdowns at factories around the world,...

GM Stops Bolt EVs Production Until Oct 15 Due to Battery Fire   American automaker General Motors will not resume production of the Chevy Bolt EV until at least October 15, until repairs are completed to mitigate the risk of a battery fire on ...

Toyota is Going to Invest $13.5 Billion in EVs Battery Production & Development by 2030   Toyota Motor Corp. invests heavily in electric vehicle battery technology. The automaker said it is investing up to $ 13.5 billion to develop advance...

Hyundai Reportedly Delays Ioniq 6 Due to Increased Battery Capacity   Ioniq 6 will be released in the spring of 2022. Now the deadline could be delayed for a few months. One of the reasons for the delay was Hyundai's decision to add an electri...

Tesla Sold 44,464 Chinese-Made Vehicles in August, Local Shipments up 49.5% from July   Tesla sales in China rose after local sales of Chinese-made vehicles fell 69% in July, compared with 28,138 Tesla vehicles sold to Chinese buyers in June. ...

CATL will Start Manufacturing Sodium-Ion Batteries for Electric Vehicles Next Year   Contemporary Amperex Technology Co., Ltd. (CATL), which is the main battery supplier for car makers Tesla, Volkswagen, and others, said it will launch a sodiu...

GM Extends Production Shutdown Due to Battery Recall Until Sep 24   US automaker General Motors has extended the shutdown of its Chevy Bolt EV after the automaker recalled all vehicles due to the risk of a battery fire. GM hopes to resume prod...

Genesis Launches GV60 All-Electric SUV to be Released Next Year   The Genesis Electrified G80 is the brand's first electric vehicle, the new GV60 is the automaker's first electric SUV, and is likely to be closely related to the Kia EV6 and Hyu...

USD / JPY  Technical Analysis - Small Pivot at 108.851 Controls Price Action   The main trend is up according to the daily swing chart. Trading through 109.362 will signal the resumption of the uptrend. Trading down to 104,923 will revers...

The Continued Movement of Yuan Below 108,230 will be the First Sign of Weakness   The dollar/yen rise to its highest level since June on Friday as comments from Federal Reserve Chairman Jerome Powell and better-than-expected employment data in...

USD / JPY Analysis: Trading at 104.80   During the Friday morning hours, USD / JPY climbed to 104.80. The exchange rate is expected to rebound off the resistance of the weekly R3 and Fibonacci 23.60% in the 105.00 region. Note that the price m...

USD / JPY Forex Technical Analysis     Dollar/yen fell relatively slowly on Friday with most major traders on the sidelines due to the Christmas holidays. The price action over the past six sessions shows that the bears are taking a brea...