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Thursday 21 December 2023
Automotive DDI competition intensifies
Alongside the intensifying competition for electric vehicles (EV) in China, the market for automotive display driver ICs (DDI) is becoming more competitive, according to industry...
Wednesday 20 December 2023
Toyota vows reform after affiliate caught in safety scandal
Toyota Motor Corp. pledged "fundamental reform" after subsidiary Daihatsu Motor Co. was forced to suspend all shipments — and now faces a government raid of its offices —...
Wednesday 20 December 2023
Tesla charging connector attracts 28 automakers as Volkswagen joins the crowd
Tesla's North American Charging Standard (NACS) has won over most leading carmakers after the Volkswagen group said several of its brands will adopt the charging connector in North...
Wednesday 20 December 2023
China-based Neta, LK Technology to develop 20,000+ ton die-casting machine
Carmakers have been pursuing more advanced production methods as automotive electrification continues. Chinese EV brand Neta announced that it will start developing a die-casting...
Wednesday 20 December 2023
Shifting tides: the challenges reshaping solar and EV industries in the West
The future appeared bright for solar energy (PV) and electric vehicles (EV) over the past few years. However, unexpected market developments have triggered concerns among supply chains...
Wednesday 20 December 2023
China's EV expertise, geopolitics to change industry dynamics
EVs are on track to gain momentum in the coming years. In 2023, a price war intensified the industry's competition. Geopolitics facilitated the localization of production. Multiple...
Wednesday 20 December 2023
Automakers commit to full EV subsidy after German government drops out
Several carmakers have decided to bear the cost of EV incentives after the German government terminated the program. Tesla, Volkswagen, Stellantis, Mercedes-Benz, and Audi all said...
Wednesday 20 December 2023
Chinese auto interior parts provider enters Tier 1, with domestic clients quickly rising
Huang Sheng-Chang, CFO of Hiroca Holdings, an automotive interior parts manufacturer, mentioned in the firm's online earnings call on December 19 that BYD has accredited Hirosawa,...
Wednesday 20 December 2023
Gogoro charts a separate path for India expansion after parting away with partner
As Taiwan-based Gogoro and India-based Belrise Industries cannot reach an agreement regarding their joint venture, Belrise decided to leave, and Gogoro will go solo and continue with...
Tuesday 19 December 2023
Nippon Steel will acquire US Steel to expand production capacity
Nippon Steel Corporation, one of the world's largest steel makers, said on December 18 that it would buy the United States Steel Corporation for about US$14.9 billion. The purchase...
Tuesday 19 December 2023
Nio secures another US$2.2 billion investment from Abu Dhabi's CYVN
China-based Nio announced on December 18 that it has entered a share subscription agreement with Abu Dhabi-based CYVN Holdings. CYVN plans to invest US$2.2 billion in the EV maker,...
Monday 18 December 2023
Automotive software innovation to be critical as uncertain 2024 approaches
Some automakers and suppliers have been cautious about the EV market in 2024. Singapore-headquartered company Patec said the industry should monitor the global car market by region...
Monday 18 December 2023
Nissan to leverage China's EV prowess as competition intensifies
Japan-based Nissan Motor plans to use China-made EVs to help it gain traction in the global EV market. The automaker has also deepened its collaboration with China's Tsinghua University...
Monday 18 December 2023
Germany's abrupt termination of EV subsidies will burden European carmakers
Europe's largest car-producing country has unexpectedly terminated its EV subsidy program. Germany has paid about EUR10 billion (US$10.9 billion) to encourage EV adoption. The move...
Monday 18 December 2023
Notebook battery module maker C-Tech transitioning to green economy
Tsung-Wei Huang, chairman of notebook battery module manufacturer C-Tech, pointed out that with the notebook battery module market becoming too mature and the trend of customers relocating...