Hon Hai Technology (Foxconn) has chosen a neutral stance on its 2024 business forecast, stating that it will closely monitor geopolitical, inflationary, and monetary policy events.
Beijing-headquartered Horizon Robotics expects to launch the next generation of its in-house developed self-driving chip, the Journey 6, which it calls a revolutionary new product,...
India is reportedly looking to offer concessions and incentives to attract more companies at home and abroad to invest in manufacturing electric vehicles (EVs) and batteries.
The automotive aftermarket takes up most of Taiwan's components production and exports. Local suppliers have seen their businesses increase as demand for aftermarket parts is rising...
Hyundai Motor continues its EV projects as some carmakers have scaled back plans for automotive electrification. The company broke ground on an EV-dedicated plant on November 13 in...
Japan-based car companies have lost their dominance in China's car market as local competitors rise. Automotive suppliers confirmed that Japanese automakers have reduced their pull-ins...
Slower EV adoption growth has terminated a joint battery investment of Ford, Koc Holding, and LG Energy Solution in Turkey. Ford and SK On will also delay their joint battery plant...
Southeast Asia is rising in the global EV market, especially with more China-based carmakers entering the region. Shuji Kimura, senior transport specialist at the Asian Development...
Tata became one of the iPhone assemblers in India after Wistron sold its Indian assets. India's smartphone market have seen shifts in recent quarters due to 5G and premiumization.
General Motors and Stellantis have become the latest investors of Niron Magnetics, a US-based startup focused on developing rare-earth-free magnets, an essential material for EV motors...
China-based Li Auto maintained momentum in the third quarter of 2023, reporting CNY2.81 billion (US$385.5 million) in net income. The automaker said it plans to launch and deliver...
Higher prices have been one of the factors that hinder EV adoption, prompting carmakers to develop more affordable models. A Volkswagen executive said that the company aims to launch...
China recently declared its intention to abolish all foreign investment limitations in the manufacturing industry. This move is seen as a step to facilitate China's manufacturing...
Car chips have become the semiconductor industry's primary driver as the end market of consumer electronics remains sluggish. As major China-based automakers saw October sales grow...
The automotive industry has been processing deliveries delayed by component shortages and increasing demand for semiconductors since the outbreak of COVID-19. Leading OEMs still have...
