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Tuesday 26 December 2023
Four Japanese carmakers to inject US$4.34 billion for Thailand's EV transition
The Thai government announced that major Japan-based automakers plan to invest THB150 billion (US$4.34 billion) in Thailand over the next five years, which is expected to facilitate...
Tuesday 26 December 2023
Protective component demand to further strengthen in 2024
Demand for protective components is expected to rise further in 2024, and suppliers will rely on their target markets for growth, according to industry sources in Taiwan.
Tuesday 26 December 2023
For Billion Electric, green energy and network expertise bring unprecedented opportunities
Noted power supply and network communications equipment manufacturer Billion Electric Group has seen stellar progress in its transition, with green energy products (including solar...
Monday 25 December 2023
With resurgence of combustion vehicles, is the road to EVs still a one-way street?
The recent termination of electric vehicle (EV) subsidies in Germany, coupled with a global surge in inflation, rising prices, and interest rates, has presented a hurdle for EV sales...
Monday 25 December 2023
ST signs long-term SiC supply contract with Li Auto
STMicroelectronics has inked a long-term supply agreement for silicon carbide (SiC) with Li Auto, a market leader in China's new energy vehicle sector, according to the companies...
Monday 25 December 2023
BYD confirms plan to build EV production base in Hungary
Chinese automotive giant BYD announced that it will construct an EV production plant in Hungary. As the company continues to experience overseas sales increase, the project is expected...
Monday 25 December 2023
Slower EV growth expected to impact South Korean battery material suppliers' financial performance
South Korea-based battery material companies like EcoProBM, Posco Future M, and L&F will likely see their profitability weaken as EV market growth decelerates and battery raw...
Friday 22 December 2023
Tesla acquires land for Shanghai megapack battery factory
Tesla Inc. has acquired land to build its Shanghai Megapack factory that will have capacity to produce 10,000 battery packs a year, according to a company representative, paving the...
Friday 22 December 2023
Taiwan-based ICT firm reportedly earns roadshow tickets from a European car maker
Sources in the electronics market indicated that one of the leading Taiwan-based electronics manufacturers has earned tickets to the roadshow of a major European automotive manufacturer...
Friday 22 December 2023
Hyundai Motor will halt two South Korean parts factories amid EV push
Hyundai Motor continues to review its assets in the transition to EVs. The automaker plans to stop operations at its two engine parts plants in South Korea and is considering outsourcing...
Friday 22 December 2023
Suppliers say delivery time and emission reduction goals pressure carmakers to misbehave
A recent third-party panel investigation revealed more misconduct at Daihatsu Motor, affecting Toyota, Mazda, and Subaru vehicle models. Hotai Motor, Toyota's exclusive distributor...
Friday 22 December 2023
China imposes export control on rare earth processing technologies
Shortly after the US government tightened its restrictions on Chinese entities, China appeared to retaliate by limiting the export of technology related to rare earth elements. This...
Thursday 21 December 2023
Panasonic terminates Oklahoma battery project while keeps considering expansion in NA
Panasonic Energy, Panasonic's battery arm, announced on December 20 that it will no longer pursue a plan to build a battery factory in Oklahoma, USA. Although not specifying the reason,...
Thursday 21 December 2023
Japanese carmakers likely to grow Chinese market share in 2H24
Hiroca Holdings, a Taiwan-headquartered automotive interior parts supplier, used to supply a large portion of its products made in China to Japanese carmakers. With the automotive...
Thursday 21 December 2023
Xiaomi fires three employees ahead of new car debut
Xiaomi's top management recently fired three employees for "leaking confidential vehicle information," which has generated skepticism in the market and cast a shadow over the introduction...