If not for a flurry of tariffs and mounting regulatory pressure under President Donald Trump, Chinese energy storage giants were poised to dominate the American market by 2025, so much so that industry insiders had already narrowed the field to three top contenders for market supremacy.
US auto safety regulators are looking into incidents where Tesla's self-driving robotaxis appeared to violate traffic laws during the company's first day offering paid rides in Austin.
The future of luxury car electrification grows uncertain as brands like Maserati, Lamborghini, and Ferrari delay EV launches amid technical and identity challenges. Meanwhile, Chinese firms such as BYD and Huawei aggressively target the luxury EV market for growth.
Despite a volatile global political and economic environment, Bosch Taiwan achieved strong results in 2024, according to Andreas Schmidt, chairman and managing director. The Bosch Group's mobility segment in Taiwan thrived thanks to advances in ADAS, electrification, and AI transportation solutions. The company's revenue reached NT$36.5 billion (approx. US$1.24 billion), a 12.6% increase year-over-year, or 9.2% in euros, setting a record high in the Taiwanese market.
Amid rising tariffs and cooling global demand, Robert Bosch GmbH is realigning its Taiwan strategy, focusing on local integration, aftermarket support, and scalable driver-assistance technologies to navigate a softening automotive landscape.
Xiaomi is advancing its electric vehicle ambitions as its wholly owned unit, Xiaomi Jingxi Technology, secures a 50-year lease for a 485,134-square-meter (~119.88-acre) industrial site in Beijing's Economic-Technological Development Area (BETDA), also known as Yizhuang New Town. The deal, worth CNY635 million (approx. US$88.4 million), was confirmed by the Beijing Municipal Planning and Natural Resources Commission.
Renesas Electronics has entered a financial restructuring agreement with Wolfspeed, a US-based silicon carbide (SiC) semiconductor manufacturer, amid Wolfspeed's ongoing financial struggles. Renesas anticipates recording a significant impairment loss related to its investment in Wolfspeed, reflecting the deteriorating market conditions and rising competition in the sector.
Tesla Inc. rolled out its long-awaited robotaxi service to a handful of users following almost a decade of hype from Elon Musk, kicking off a precarious new era for the carmaker.
Beginning August 1, 2024, Taiwan will implement a sweeping new policy requiring automakers to gradually increase the proportion of locally sourced components in their supply chains. Known as the localized supply chain value ratio regulation, the initiative is already reshaping the island's automotive landscape, delaying several anticipated vehicle launches, including the Taiwan-made Maxus G50 Plus.
NIO has launched a new chip design subsidiary — Anhui Shenji Technology — in a strategic move to become a full-stack provider of smart driving technologies. The unit will support NIO's vehicle platforms and expand into supplying chips to external OEMs, while laying the groundwork for future fundraising and strategic investor participation.
At its annual general meeting on Wednesday, Yulon Nissan Motor Co. reported consolidated revenue of NT$23.1 billion (US$780 million) and post-tax net income of NT$1.7 billion for 2024, despite facing macroeconomic headwinds across both sides of the Taiwan Strait.
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