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Tuesday 23 May 2023
Ford's new electric SUV won't compete with other carmakers, CEO says
Ford Motor Co., which is spending $50 billion building an electric-vehicle business, doesn't fear the two EV-market leaders, Tesla Inc. and China's BYD Co.
Tuesday 23 May 2023
Ford secures multiple lithium deals to make 2 million EVs by 2026
Ford Motors announced several agreements with lithium companies on May 22, a step forward to support its EV ambitions. The carmaker also aims to achieve a margin of 8% of earnings...
Monday 22 May 2023
Major carmakers, unicorn startups trimming software manpower to cut costs
Global autonomous vehicle unicorn startups and major carmakers have been on track to lay off employees in the underperforming departments since the second quarter of the year, especially...
Monday 15 May 2023
Ford seen laying off 1,300 workers in China, local media reports
Ford Motor Co. plans to cut jobs in China, potentially by more than 1,300, as its sales decline in the world's biggest car market, local media including Economic Daily News reporte...
Wednesday 3 May 2023
Ford reports US$1.76 billion profit, seeing EV revenue decline in 1Q23
Ford Motor posted US$1.76 of net income in the first quarter of 2023 as total shipments increased by 9% year-over-year. On Tuesday, it lowered prices of the electric Mustang Mach-E...
Friday 7 April 2023
New US battery guidance will likely reduce tax credits for EVs
The US Treasury Department released the Critical Minerals and Battery Components Requirements last week, specifying rules about sourcing battery materials locally. Several automotive...
Friday 31 March 2023
Ford joins a US$4.51 billion nickel processing project in Indonesia
US automaker Ford made a battery material investment in Indonesia, a first for the company in Southeast Asia. The US$4.51 billion project is also joined by PT Vale Indonesia and Huayou...
Friday 10 March 2023
CATL reports CNY328.6 billion in 2022 revenue, seeing slower profit growth in 4Q
China-based battery maker CATL had a strong 2022 despite the challenges caused by COVID-19 and the lithium price hike. The company saw a 152% growth in revenue and a 92.9% increase...
Friday 3 March 2023
Ford establishes Latitude AI to scale up driver-assist technology
Months after withdrawing its support for Argo AI, Ford has found another way to continue efforts in autonomous driving. It announced on March 2 the establishment of Latitude AI, a...
Wednesday 22 February 2023
LGES to build battery plant with Ford, Koc Holding in Turkey
LG Energy Solution made progress in gaining a global presence. The South Korean battery maker announced a non-binding memorandum of understanding on February 21 with Ford and Turkish...
Friday 17 February 2023
Senate's Warner calls China scrutiny of Ford's battery deal ironic
Senate Intelligence Chairman Mark Warner criticized Beijing's scrutiny of Ford Motor Co.'s partnership with a Chinese electric-vehicle battery giant as ironic and hypocritical considering...
Thursday 16 February 2023
US to require 55% federal-funded EV charger components locally made by July 2024
The US Department of Transportation released the EV charging standards on February 15 to ensure a predictable charging experience. Following the regulation, all charging stations...
Wednesday 15 February 2023
Ford to build EV battery plant in US with CATL technology
Ford has announced plans to invest US$3.5 billion in the construction of an automotive LFP battery plant in Marshall, Michigan, as well as a collaboration with China's Contemporary...
Wednesday 15 February 2023
US car vendors step up EV battery deployment
The US Inflation Reduction Act (IRA) is spurring the three major US automakers -- General Motors (GM), Ford and Stellantis -- to accelerate their developments for lithium batteries...
Tuesday 10 January 2023
Ford to partner with LG on Turkey battery plant, drops SK
Ford Motor Co. will partner with LG Energy Solution Ltd. to build a new battery plant in Turkey, dropping a deal with SK On Co., as the US carmaker seeks to speed up the shift to...
Holtek
Samsung expands mobile phone production beyond Asian countries, says DIGITIMES Research
SLMs to increase presence in GenAI business opportunities, says DIGITIMES Research
Generative AI market to reach US$1.5 trillion by 2030 with Taiwan holds hardware advantage; software and services to see promising future, says DIGITIMES Research