BYD Co's sales last year surpassed the US$100 billion mark, leapfrogging Elon Musk's Tesla Inc on revenue, as the Chinese auto giant wows consumers with a range of electric and hybrid cars packed with high-tech features.
Hyundai Motor Group is making a bold US$21 billion bet on the US economy between 2025 and 2028, targeting key B2B sectors across manufacturing, supply chain logistics, steel production, and next-gen mobility technologies.
The European Commission has opened a preliminary investigation into whether Chinese electric vehicle (EV) giant BYD received unfair government subsidies for its planned factory in Hungary—highlighting rising trade and political tensions between Brussels and Beijing.
For many years, Japanese automotive brands have dominated the global market, each possessing relatively complete ecosystems. However, revolutionary new technologies are subtly changing these ecosystems.
Innmax Technology and Startrust, jointly exhibiting at the 2025 Smart City Summit and Expo (SCSE) in Taiwan and focusing on integrating charging station services and energy management systems, are working with Delta Electronics on electric vehicle (EV) charging stations. New projects will be built in Taoyuan and Tainan, Taiwan, this year.
Since 2019, the Indian government has implemented the Production Linked Incentive (PLI) scheme for 14 industries to attract foreign investment in local manufacturing. Although it has positioned India as a key player in smartphone production, its benefits for other sectors are limited. As a result, India may explore offering subsidies for factory construction instead of linking incentives to production and investment levels.
According to Hankyung Business and the Korea Economic Daily, SK On will supply Nissan with electric vehicle batteries, marking its first deal with a Japanese automaker. South Korean media reports indicate that the agreement involves providing 99.4GWh of batteries from 2028 to 2033, enough to power one million mid-sized electric vehicles.
With US President Donald Trump's tariffs reshaping the auto industry, Japanese carmakers are taking a low-profile yet strategic approach—expanding investments in the US market. However, tariffs complicate cross-border supply chains, and setting up new manufacturing facilities is a slow-moving solution.
China is reinforcing its grip on key minerals and battery technologies as tensions with the US escalate over tech trade policies. Fortune reports that China dominates the processing of gallium and lithium, essential elements in semiconductors and electric vehicle (EV) batteries. Leading Chinese firms such as CATL, a major supplier to global automakers, have become critical players in the industry.
Acer ITS is expanding into Taiwan's entertainment machine market, including Pokemon and claw machines, leveraging its expertise in hardware and software integration from public transportation systems. President Kenny Yu highlighted plans to grow internationally, with a memorandum of understanding already signed with Thailand for charging stations.
CATL, the world's largest electric vehicle (EV) battery manufacturer, has agreed to invest up to CNY2.5 billion (approx. US$345.5 million) in collaboration with NIO to expand China's battery-swapping infrastructure.
Thailand has approved a more than US$1 billion investment by Sunwoda Electronic to build an electric vehicle (EV) battery plant in the country, marking Sunwoda as the first EV battery manufacturer in Thailand.
BYD unveiled a new system for electric cars that the Chinese automaker says will allow them to charge almost as fast as it takes a regular car to refuel.
Construction material maker Buima saw its gross margin reach 14.56% in 2024, boosted by solid shipments of battery module products and a marked increase in exports of metal construction materials, yet heightened competition in the wall panel market in China led to an overall loss for the year. Going forward, the company hopes to see more positive operations from cost reduction strategies and green products.
Samsung SDI, a subsidiary of Samsung Electronics, has announced plans to conduct a paid capital increase of KRW2 trillion (US$1.38 billion) to expand its Hungarian factory and invest in solid-state battery technology. The paid capital increase, a process where a company issues new shares to raise funds for strategic investments, will enable Samsung SDI to finance its ambitious expansion plans.
Formosa Smart underscores its ambitions to position Taiwan as a regional battery hub. Chairman Sandy Wang called the facility Taiwan's largest battery cell factory, with plans to scale capacity beyond 10 gigawatts to meet growing demand across Southeast Asia.
Since President Trump took office, China has come to view the US with increasing skepticism, prompting the Chinese government to implement several countermeasures in response to perceived US hostility.
Northvolt, once touted as Europe's best bet to challenge Asia's grip on the EV battery market, has filed for bankruptcy in Sweden after failing to secure fresh funding. A court-appointed trustee will now oversee the sale of its assets and subsidiaries.
Taiwan's electric scooter market has seen intensified competition in the first quarter of 2025, with leading players Gogoro and KYMCO once again going head-to-head with new product launches and innovative battery service pricing plans.
As the global electric vehicle (EV) market grows, key regions such as China, Europe, and the US face challenges due to high EV-per-charger ratios in direct current (DC) charging infrastructure since the imbalance has led to longer waiting times for EV owners, according to DIGITIMES' latest finding in its latest report, which added that the introduction of liquid-cooled ultrafast charging systems appears to have emerged as an optimal solution for high-power charging to address charging anxiety.
At the beginning of 2025, the US Department of Defense blacklisted China's lithium battery leader, Contemporary Amperex Technology (CATL), followed by US President Donald Trump imposing a 20% tariff on Chinese products, including lithium batteries. Recently, the US further prevented the US Department of Homeland Security from purchasing batteries manufactured by Chinese companies.
The Southern Taiwan Science Park (STSP) has reported record-high sales of NT$2.21 trillion (approx. US$67.05 billion) for 2024, rising 39.55% year-over-year, with strong momentum coming from AI-driven demand for semiconductors and other applications.
Infineon Technologies is positioning itself at the forefront of a shift in server power architecture, driven by the rapid adoption of high-voltage direct current (HVDC) designs. As AI accelerates demand for more efficient energy management, the German chipmaker is leveraging Si, SiC, and GaN to boost power supply efficiency and density.
CATL, a global leader in batteries and energy storage, is further expanding into semiconductors. While the company maintains a low-profile approach, each of its investments generates significant market interest. This latest move marks CATL's third known investment in an IC design startup, reinforcing its growing focus on semiconductor technology.
Since 2019, China's new energy vehicle market has rapidly expanded to comprise half of new car sales by 2024, though this has complicated the used car market. Meanwhile, Europe's transition to electric vehicles is facing challenges. As EV numbers grow, manufacturers strive to meet 2025 carbon reduction targets, creating a second-hand EV market similar to China's, where depreciation rates exceed expectations, making new EVs often cheaper than used ones.
