Indian OSAT players aim for price competitiveness on par with Malaysian rivals, as L&T Semiconductor is scheduled to announce products at CES.
If the years from 2021 to 2023 marked an era of idealism—when the global auto industry appeared to sprint in unison toward an all-electric future—2025 signals the beginning of a different phase. Electrification is no longer a singular creed. It has become a series of pragmatic choices, weighed against cost pressures, policy uncertainty, and rising geopolitical risk.
In recent years, Foxconn has steadily expanded its ambitions in electric vehicles, moving beyond its traditional role as a platform provider and contract manufacturer toward the consumer-facing end of the market. Through its subsidiary Foxtron—operating under the formal name Hon Hai Advanced Industry—the group has begun directly running an EV business in Taiwan. Earlier this month, Foxtron hosted an online launch event, unveiling three new EV models simultaneously.
As trade tensions between the US and China intensify, accompanied by tighter technology restrictions, Wanshih Electronic says it is doubling down on precision manufacturing as the cornerstone of its innovation strategy while reshaping its global footprint to navigate mounting geopolitical risk.
Global automotive sales are likely to edge higher in 2026, returning roughly to pre-pandemic levels, but the industry should not expect a swift or robust recovery, according to Jay Shen, managing director of the Garmin Asia Auto OEM Group. While demand is improving compared with 2025, he said, structural pressures and policy uncertainty will continue to weigh on growth.
The global auto industry is entering an unusual phase of expansion—one driven less by strategic ambition than by the need to survive. China's automakers have unleashed a surge of exports that, at first glance, looks like an aggressive push into overseas markets. Beneath the surface, however, lies a harsher reality: cutthroat competition at home and a deepening structural overcapacity that is leaving many firms with few viable alternatives.
