Electric vehicle charge point operator (CPO) EVGallop Mobility System, commonly known as U-Power, intends to file for an initial public offering (IPO) in Taiwan by the end of 2025.
The global automotive supply chain faced widespread layoffs as mainstream and emerging suppliers struggled with sustained low-profit margins in 2024. With no clear signs of recovery, industry analysts warn that layoffs may extend into 2025, driven by unrelenting financial pressures.
China is reportedly planning to implement export restrictions on technologies critical for manufacturing battery components and refining key minerals such as lithium and gallium. According to Battery Tech Online, the move aims to reinforce China's dominance in the battery supply chain while bolstering its leverage in trade disputes with the US, particularly as President-elect Donald Trump prepares for his second term.
The surging demand for advanced data center expansion has brought energy stability, cost-efficiency, and safety into sharp focus. In response, Gus Technology unveiled a dual-purpose UPS energy storage module powered by lithium-titanium-oxide (LTO) technology. While primarily aimed at the uninterruptible power supply (UPS) market, the company also envisions expanding its use to backup battery units (BBUs).
The US Department of Defense (DoD) has published its annual update to the Section 1260H blacklist, which identifies Chinese companies allegedly tied to the military. The 2024 list features 134 firms, including tech powerhouse Tencent and CATL, the world's leading manufacturer of electric vehicle (EV) batteries.
At CES 2025, ProLogium introduced its fourth-generation lithium ceramic battery (LCB) system, featuring several technological breakthroughs including a five-minute fast charge that provides a range of 300km and reliable performance in temperatures as low as minus 20 degrees Celsius. The focus is on tackling the three key concerns faced by the electric vehicle (EV) market: total cost of ownership, range anxiety, and safety.
In Taiwan, the manufacturing sector generates 51.37% of the country's greenhouse gas emissions, followed by 19.87% from the residential and commercial sectors, and 12.69% from transportation. Government subsidies and incentives have spurred major automakers from Europe, the US, Japan, and South Korea to introduce electric vehicles (EVs) to Taiwan. Foxconn's entry into the electric bus market has further propelled EV adoption, with both the sales ratio of electric passenger cars and the penetration rate of electric buses surpassing government targets.
Tesla may shift its focus more towards AI robotics than automobiles by 2025. However, the rise of hybrid vehicles and plug-in hybrid electric vehicles (PHEVs) is creating significant challenges for Tesla, as its strong growth encroaches on the territory dominated by battery electric vehicles (BEVs).
The US Department of Defense (DoD) has added Tencent Holdings, Contemporary Amperex Technology Co., Limited (CATL), and ChangXin Memory Technologies (CXMT) to its blacklist of entities allegedly tied to the Chinese military. This annual update to the Section 1260H list now includes 134 companies, as published on the Federal Register's website.
China is planning tougher scrutiny on exports of technology to make battery materials, as Beijing looks to protect its grip on a crucial supply chain amid rising global trade tensions.
As 2024 comes to a close, the global technology industry is looking forward to new opportunities in 2025. The rapid implementation of generative AI (GenAI) technologies has led to an influx of new applications, while the electric vehicle (EV) market is poised for significant developments in the new year.
According to Bloomberg, Beijing is set to impose new restrictions on exports of technologies related to battery component production and the processing of key metals, as global trade frictions continue to intensify.
Market consolidation looms as Taiwan's expanding electric vehicle charging sector grapples with rising operational costs and intense competition among more than 40 operators across the island. Industry experts anticipate the emergence of several dominant players, with strategic alliances shaping the market's future development.
Taiwan plans a significant expansion of its EV charging infrastructure in 2024, aiming to boost EV adoption. While industry players see the current vehicle-to-charger ratio as favorable for growth, concerns over grid stability and misaligned growth rates between EVs and charging stations linger, risking oversupply or shortages.
Following Northvolt's bankruptcy filing, Volvo is exploring new battery partnerships in South Korea to advance the construction of the NOVO Energy battery plant.
As the global energy market continues to show steady growth, Bulma Energy is focusing its efforts on three key areas- electric vehicle (EV) solutions, energy storage walls, and storage projects- to drive overall performance and profitability. According to Hung-Wei Chuang, chairperson of the company, the company is targeting double-digit growth in 2025 amid the maturing of the green energy market.
Evoasis, a prominent electric vehicle (EV) charging operator, hosted its year-end party in Taipei on December 26, showcasing its accomplishments in Taiwan's EV charging market and unveiling its roadmap for future growth to media and partners.
Xing Mobility and Japan's Eneos Corporation signed a strategic partnership memorandum in Tokyo to collaborate on immersion cooling battery systems. The partnership aims to accelerate adoption across diverse markets, leveraging Eneos's energy expertise and Xing's decade-long technical leadership in the field.
Tesla's Shanghai Megafactory in Lingang is on track for completion by the end of 2024, with production anticipated to start in the first quarter of 2025, underscoring the company's commitment to rapid expansion in energy storage manufacturing.
Xiaomi founder, chairman, and CEO Jun Lei announced on December 25, 2024, that the company's automotive division has partnered with Nio, XPeng, and Li Auto to integrate their charging networks. The collaboration will add over 10,000 charging stations to Xiaomi's charging map.
Contemporary Amperex Technology Co. Ltd. unveiled a new car chassis with an integrated battery strong enough to withstand fires or explosions from high-impact collisions.
LG Energy Solution (LGES) has secured a 7.5 GWh energy storage system (ESS) supply deal with US-based Excelsior Energy Capital, with production and delivery slated to begin in 2026. The agreement underscores LGES’s commitment to expanding its footprint in the ESS market while leveraging its energy storage solutions to manage short-term demand shifts in the electric vehicle (EV) industry.
China's battery materials sector is thriving, backed by government subsidies, low electricity costs, and cheaper labor, enabling aggressive investment. In contrast, South Korean firms, lacking comparable support, are struggling with mounting losses and potential market exits, threatening the stability of South Korea's EV supply chain.
Taiwan's Sanyang Motor (SYM) and the Industrial Technology Research Institute (ITRI) have reached a significant milestone in their joint hydrogen fuel cell motorcycle project, successfully completing a key road test.
