German ZF to enter Japanese EV market - report - Breaking The News
Download our appPlay StoreApp Store

German ZF to enter Japanese EV market - report

EPA-EFE/MAURITZ ANTIN

German ZF Friedrichshafen AG, a supplier of parts for the commercial vehicle industry, is planning to enter the Japanese market as soon as 2026, Nikkei Asia reported on Tuesday. The company will supply electric trucks and vans with a load capacity of 1-2 tons, which are commonly used by delivery businesses in the Asian country.

ZF's goal is to have 10,000 electric vehicle orders by 2030 and to develop a supply chain in Japan that would include vehicle design and production.

The head of the project will be ZF's Japanese unit which will produce vehicles that accommodate customer requirements.

Related News
Tesla's China sales fall 6% in April to 58,459 units
Preliminary data from the China Passenger Car Association (CPCA) showed on Wednesday that electric car maker Tesla, Inc. sold 58,459 vehicles manufactured in China last month, a 6% decline compared to April 2024. The figures include deliveries of the locally assembled Model 3 and Model Y, which also dropped by over 25% from March.The decrease comes as BYD, Tesla's strongest competitor in the country, recorded a nearly 20% year-on-year rise,...
Tesla said to boost Semi truck plans with 1,000 new hires
Tesla, Inc. is accelerating its electric Semi truck production, hiring over 1,000 workers at its new Nevada plant, Business Insider reported Tuesday, citing three people familiar with the matter. The new recruits have been arriving at the Giga Sparks facility in recent months for training and orientation.Until recently, fewer than 100 employees were working on the Semi, mostly at a pilot site in California, the sources added. The sudden workforce expansion is...
Xiaomi said to build EV research center in Germany
Tech giant Xiaomi from China intends to establish a research and development facility in Munich, Germany, dedicated to electric vehicle development, Nikkei Asia reported on Wednesday.When contacted by the outlet, a Xiaomi representative confirmed ongoing facility plans but withheld specific information.The company plans to expand its EV sales beyond Chinese borders by 2027, the report added.
Volkswagen to adjust production in China
The Volkswagen Group CEO said on Wednesday in Shanghai that the German carmaker will have to adjust production size in China as a "highly competitive market" intensifies."We have enormous capacity in China from the past. It will be a similar process to what we went through in Germany," Oliver Blume said, referring to the union deal from December 2024, when 35,000 jobs were cut, and around 730,000 units were reduced.Volkswagen is still the leading foreign...

Please observe our Terms of Use. The price information is time delayed to varying extents, but as a rule by 15 minutes or more, according to the regulations of the selected stock exchange and/or licensors and the type of securities.

© 2025 TeleTrader Software GmbH. All rights reserved

This website uses cookies to ensure you get the best experience. Our Terms of Use and Data Protection Policy explain the data we collect, why we collect them, and how we may share them.