Jul 19, 09:47
GTOC sales driven by automotive glass applications
Glass processing service provider G-Tech Optoelectronics (GTOC) has reported strong sales growth for the second quarter of 2024, driven by automotive applications.
Former President Donald Trump used his nomination speech to take aim at President Joe Biden's electric vehicle policies, vowing to action against them on his first day in office.
China's Electric Vehicle (EV) technology has already matched that of Western countries, and now its autonomous driving technology is also catching up.
The business opportunities driven by Vehicle-to-Everything (V2X) technology were expected to be one of the main development drivers for future cars. However, past analyses from research institutes appear to have been overly optimistic, as V2X implementation has fallen well below expectations.
Aeonmotor unveiled the market's first electric touring motorcycle, the EV-C1, alongside the fuel-powered Brera X and the versatile light-duty MK150.
BMW, along with Mercedes-Benz and Audi, previously joined the fray in the price war in China's car market for a short period of time, but has now decided to hike prices across its whole lineup.
As Tesla CEO Elon Musk hints at delays in Tesla's Robotaxi plans, Baidu's Apollo Go (known as "Luobo Kuaipao" in Chinese) has already launched paid passenger services in 11 Chinese cities, including Beijing, Shanghai, Wuhan, Guangzhou, Shenzhen, and Chongqing.
China's aggressive automotive exports caught the world's attention, hitting a record high in the first half of 2024 but starting to slow down after tariffs imposed by Europe and the United States. However, few have noticed that China's semiconductor exports growth and dollar amount during the first half of the year both exceeded that of automotive exports.
Global sales of Electric Vehicles (EVs) are expected to surpass 10 million units in 2024, marking a crucial automotive market milestone and reaffirming a healthy growth trajectory.
Anticipating a wave of smartphone replacements and growing demand for automotive applications, Taiwan-based backend houses are optimistic about the CMOS image sensor (CIS) sector in the second half of 2024, according to industry sources.
Despite having the biggest car market in the world and the largest capacity for making Electric Vehicles (EV), China's automotive semiconductor self-sufficiency rate remains below 10%, according to China's Ministry of Industry and Information Technology (MIIT).
VinFast, a Vietnam-based EV maker rapidly expanding its global presence, announced a delay in its operation for its manufacturing facility in North America, according to an official statement.