Foxconn Technology (Hon Hai) has set electric vehicle (EV) production as the core of its 3.0 transformation scheme, and its Ohio EV plant acquired from Lordstown Motors will be playing...
The year 2022 did not go easy on the automotive industry. Most companies saw their market capitalization shrink due to worldwide inflation, chip shortages and other supply chain disruptions...
Taiwan Semiconductor Manufacturing Company (TSMC) retains its top-ranking status in the Asia Supply Chain Market Cap 100 ranking conducted by DIGITIMES Research for 2022.
General Motors and LG Energy Solution's battery joint venture got a US$2.5 billion loan from the US government. The loan will support Ultium Cells' three battery projects in Ohio,...
Honda Motor received a supply boost in China. The automaker and CATL announced an agreement to offer the former 123GWh of batteries in China starting in 2024. The purchase will facilitate...
Asian EV battery companies dominate the market, with China-based manufacturers leading the pack. According to SNE Research, almost all Chinese battery makers that enjoyed the highest...
The EV battery production ramp-up in North America continues: General Motors and LG Energy Solution announced that they will raise cell production by 40% at a joint plant in Tennessee,...
There have been market rumors about a Korean lithium battery maker planning to work together with a Chinese maker to complement each other's technical advantages even before the US...
Honda Motor and Korea's LG Energy Solution (LGES) plan to spend US$4.4 billion to build electric vehicle (EV) batteries at a new joint venture in Ohio, part of project by the automaker...
South Korea's electric car battery makers are shielded somewhat from a weak won, even though they import a lot of raw materials in US dollars, because demand is propping up earnings,...
LG Energy Solution (LGES) has signed separate partnership agreements with three major critical mineral suppliers in Canada. The latest arrangements to secure lithium and cobalt from...
Honda Motor has picked up the pace for electrification to fulfill a goal of making zero-emission vehicles only by 2040. On September 6, it announced a strategic partnership with trading...
Plug-in electrical vehicles (PHEV) are expected to regain significant growth momentum for sales in the US market, as American consumers buying such vehicles will enjoy equal investment...
The US will soon welcome another battery project. LG Energy Solution (LGES) and Honda Motor announced on August 29 that they will build a lithium-ion battery plant together in America...
South Korea-based LG Energy Solution will produce LFP (lithium iron phosphate) battery at its factory in Nanjing, China, with production expected to kick off in 2023, according to...
