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Oct 11, 09:58
BYD's US$1 billion EV plant in India on hold amid regulatory hurdles
Chinese automaker BYD is eager to produce electric vehicles (EVs) in India but faces obstacles due to strict government scrutiny. Despite these challenges, the company remains committed to the market, launching new EVs and exploring partnerships while maintaining optimism about its future in India.
Elon Musk unveiled long-awaited prototypes of a Tesla Inc. robotaxi called Cybercab, saying production may start in 2026 and that the vehicle could cost less than $30,000.
Foxconn extended HHTD24 to a two-day event, showcasing major advancements in autonomous driving technology and semiconductor developments. The company emphasized AI's crucial role in enabling self-driving capabilities, establishing it as a key driver of progress in the autonomous vehicle sector.
The US plans to implement a ban in January 2025 on certain software and hardware used by connected cars from China and Russia for security. This initiative has drawn considerable criticism, with some arguing that mobile phones and smart consumer electronics have long been connected, labeling it as paranoid and overt protectionism.
China's automakers, from established players like state-backed Great Wall Motor to upstarts like Nio, XPeng, and Li Auto, along with tech giants such as Huawei and Xiaomi, are charging forward with AI development in a bid to dominate intelligent driving.
Electric vehicle adoption hinges on charging infrastructure, and Taiwan's industry players are raising the bar with ultra-fast DC solutions to bring charging times closer to traditional refueling speeds.
The European Union (EU) has unleashed a powerful economic tool on China by imposing tariffs on electric vehicles (EVs), a move that increases the risk of retaliatory measures and could potentially backfire on EU consumers and companies.
The British automotive industry was once the world's largest car exporter, with a history dating back to the 19th century. However, with changes in the global environment and the trend towards electrification, many of the nation's most prestigious car brands have been acquired by foreign companies, raising concerns about the future of its automotive sector.
Jun Seki, Foxconn's chief strategy officer, said at Hon Hai Tech Day (HHTD) that unlike their smartphones, notebooks (NB), and game consoles, Foxconn's strategy for electric vehicles (EVs) is to adopt a commissioned design and manufacturing services (CDMS) model.
Foxconn showcased its growing automotive expertise at HHTD24, unveiling the Model D electric SUV and Model U mid-sized electric bus. In his opening address, chairman and CEO Young-Way Liu highlighted the company's plans to introduce additional electric vehicle (EV) models throughout the year, demonstrating Foxconn's extensive expertise and growth in the automotive industry.
Chinese new energy vehicle (NEV) companies are working to break through growing trade barriers imposed by the US and its allies.
Addressing increasing market demand and expanding its electric vehicle (EV) lineup, Foxconn debuted the Model D, a next-generation multi-purpose SUV, and the Model U, a cutting-edge mid-sized electric bus, at Hon Hai Tech Day (HHTD24) on October 8, 2024. The tech giant also revealed the North American edition of the Model C, specifically engineered for US consumers, with mass production set for late 2025.