CONNECT WITH US
Thursday 19 June 2025
South Korea's Lee Jae-Myung softens stance on chaebols in first talks with big corporations
South Korea's newly inaugurated President Lee Jae-Myung held his first "lunchbox roundtable" with leaders of the nation's top five chaebols and six major business groups. At the meeting, Lee pledged full support for corporate development, signaling a notable shift from his traditionally anti-chaebol stance as he faces rising economic and livelihood pressures.
Wednesday 18 June 2025
EV battery blaze raises safety questions for RAC
Taiwan-based EV manufacturer RAC Electric Vehicles, a subsidiary of Mobiletron, is under scrutiny after one of its electric buses caught fire on June 16 while in motion through downtown Taipei. The incident, which resulted in the total loss of the vehicle but no injuries, prompted the company to launch an emergency response task force and suspend related operations pending investigation.
Wednesday 18 June 2025
VinFast partners with Global Assure to expand EV customer service network across India
VinFast, a Vietnam-based EV maker, has announced a collaboration with Global Assure to enhance its customer service network throughout India. This partnership aims to provide comprehensive support and innovative mobility solutions to VinFast's expanding customer base in the country, according to an official press release.
Wednesday 18 June 2025
US electric vehicle registrations decline due to concerns over infrastructure and subsidies
In April 2025, US consumer demand for battery electric vehicles (BEVs) saw its first decline in 14 months. The decrease is attributed to concerns about limited charging infrastructure, range anxiety, and uncertainty over government subsidies.
Wednesday 18 June 2025
Quanta breaks from contract roots, bets on AI, quantum, and smart tech

Quanta Computer Chairman Barry Lam said the company's long-term strategy revolves around building the next generation of computing systems—from notebooks to cloud platforms, AI, and eventually quantum computing. R&D and manufacturing are the two key pillars. "We won't follow others," Lam said. "We'll build it ourselves."

Tuesday 17 June 2025
India reportedly moves to suspend rare earth exports to Japan amid China supply curbs
India has reportedly instructed a state-run miner to suspend rare earth exports to Japan under a 2012 bilateral deal, aiming to secure a domestic supply and reduce reliance on China amid tightening Chinese export controls and rising global demand for critical minerals like neodymium used in electric vehicle magnets.
Tuesday 17 June 2025
China-backed battery maker halts US expansion, putting BMW EV plans at risk

AESC, a Chinese-owned lithium battery manufacturer operating in the US, has suspended its plans to expand production at a key battery facility due to mounting political uncertainty and heightened US-China trade tensions. The move has sparked concerns over a potential supply disruption for BMW's next-generation EVs, which rely heavily on AESC's battery cells.

Tuesday 17 June 2025
Nissan to reduce stake in Renault for vehicle development and restructuring
Nissan Motor Co. is set to reduce its stake in French automaker Renault, a move that could generate approximately JPY100 billion (US$692.29 million) if the company sells 5% of its Renault shares, according to Nissan President Ivan Espinosa. The funds raised will be reinvested in new vehicle development and other proactive projects aimed at addressing recent challenges, including increased tariffs from the US and declining sales, reported Nikkei and Sankei.
Tuesday 17 June 2025
PGUM reports EV sales exceed 30% of total vehicle lineup
Pan German Universal Motors (PGUM) held its 2025 annual shareholders meeting on June 13, 2025, during which it approved the 2024 business report and financial statements.
Tuesday 17 June 2025
Automotive industry accelerates AI and virtual factory adoption with Nvidia Omniverse
The automotive industry is rapidly embracing artificial intelligence (AI), new energy vehicles, and humanoid robots, spurred by the ongoing electrification of automotive electronics. As part of this transformation, carmakers are increasingly turning to virtual factory technologies to optimize manufacturing processes and cut costs.
Tuesday 17 June 2025
Shihlin Electric says tariffs, exchange rates to have limited impact; outlook for heavy electric good
Taiwan-based electrical systems and equipment manufacturer Shihlin Electric and Engineering stated that impacts from tariffs and exchange rates will be limited, and it will continue to evaluate building a facility in the US.
Tuesday 17 June 2025
RAC Electric Vehicles prepares for 2026 IPO, betting on smart Manufacturing and global growth
RAC Electric Vehicles, the Taiwan-based electric bus manufacturer, has announced its intention to file for an IPO on Taiwan's Emerging Stock Market by the end of 2025. The company plans to become the first electric vehicle (EV) maker in Taiwan to achieve publicly listed status with annual profitability, targeting a listing in the first quarter of 2026.
Monday 16 June 2025
Renault CEO exit in July raises concern over alliance with Nissan
According to Nikkei and Kyodo, Renault CEO Luca de Meo will step down from his role on July 15, 2025, after a five-year tenure marked by financial recovery and alliance restructuring with Nissan Motor. The company confirmed his departure on June 15, 2025, and has already initiated the search for his successor.
Monday 16 June 2025
European auto supplier plans SiC fab sale amid industry shakeout
With Chinese SiC semiconductor manufacturers having resolved supply constraints on the material side in 2023, stable supply has helped to quickly reduce costs. As a result, many uncompetitive SiC semiconductor players are now in danger of being eliminated from the market.
Monday 16 June 2025
VinFast commits to full local sourcing, expands supplier support to boost Vietnam's EV supply chain
Vietnamese EV maker VinFast has committed to purchasing all contracted products from local supply chain partners as part of its strategy to deepen domestic integration and enhance global competitiveness, according to The Investor. The company will also support local suppliers in connecting with international firms to improve technology and build global supply chain experience.
Monday 16 June 2025
India roundup: India's US$21 billion chip dream
Minor progresses are seen in India's semiconductor manufacturing landscape. China's tightened export control on rare earths begins to disrupt India's EV dream.
Monday 16 June 2025
BYD bets big on Europe with megawatt EV chargers as domestic market wobbles
BYD is accelerating its European expansion with plans to deploy megawatt-level (MW) ultra-fast charging stations—despite intensifying scrutiny at home and industry doubts abroad. The bold initiative marks a pivotal step in the Chinese EV giant's bid to deepen its foothold in a region where charging infrastructure remains a major obstacle to mass electric vehicle adoption.
Friday 13 June 2025
China EV price war sparks supply chain fears despite payment reform pledges
As China's electric vehicle (EV) giants push deeper into a bruising price war, promises of faster payments to suppliers are doing little to ease growing fears of a broader industry collapse.
Thursday 12 June 2025
FCS hits monthly sales record with surging AI server and EV orders
Taiwan-based injection molding machine manufacturer Fu Chun Shin (FCS) reported its highest-ever monthly revenue in May 2025, driven by robust demand from major AI server makers and electric vehicle (EV) manufacturers. With operations in Taiwan, China, and India running at heightened utilization rates, the company is benefiting from a post-pandemic reshaping of global manufacturing and supply chains.
Thursday 12 June 2025
Nissan and Toyota gain ground in China's EV race with cheaper, locally built cars

Amid a sweeping global restructuring that includes the closure of seven plants and 20,000 job cuts, Nissan has notched a rare win. The automaker's new all-electric N7, launched exclusively in China, secured over 17,000 orders within a month of its April 27 debut—surpassing internal forecasts and offering a modest but meaningful boost to the struggling carmaker.

Thursday 12 June 2025
Taiwan EV sales tumble as market hits adoption crossroads
Taiwan's EV registrations plunged 14.2% through May as tariffs and taxes dampen consumer appetite, with industry executives warning the market faces critical hurdles before achieving mainstream adoption.
Thursday 12 June 2025
India has two weeks to avoid an EV industry crisis, analysts warn
India's EV industry faces the risk of large-scale production halts by the end of July unless China clears rare earth export approvals within the next two weeks, according to Puneet Gupta, director of India & ASEAN automotive market at S&P Global.
Wednesday 11 June 2025
US auto imports plunge 70% as carmakers await Trump tariff relief
US automotive imports via sea freight plummeted 70% year-over-year in May following President Donald Trump's April tariff implementation, creating a cliff-edge decline as manufacturers await policy reconsideration.
Wednesday 11 June 2025
Rare earth magnet shortage poses risk to India's EV ambitions
A prolonged disruption in rare earth magnet supplies could slow down India's electric vehicle (EV) rollout and impact the broader automobile industry, according to a recent assessment by CRISIL Ratings. The supply shortage, triggered by China's export restrictions and shipping delays, poses a critical risk just as automakers prepare to launch over a dozen EV models, many of which are built on permanent magnet synchronous motor (PMSM) platforms, according to industry sources.
Wednesday 11 June 2025
US electric pickup trucks risk bubble burst amid price and range concerns
Electric pickup trucks were once hailed as a major growth engine for the US electric vehicle (EV) industry, with models like Tesla's Cybertruck, Ford's F-150 Lightning, and Rivian's R1T and R1S all generating massive early buzz and garnering substantial pre-orders. Yet, they are now facing stalled sales and mounting skepticism, with actual deliveries falling far short of initial expectations.