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Monday 24 April 2023
BYD $11,450 EV hatchback set to reshape China's first-car market
A new electric hatchback starting from just 78,800 yuan ($11,450) from BYD Co. is set to intensify competition in China's already crowded entry-level car market.
Monday 24 April 2023
Karma Automotive sees B2B business opportunities in electrification future
As the automotive industry embraces EVs, commercial vehicle electrification has become critical. Known as a luxury passenger EV maker, US-based Karma Automotive has also been scaling...
Monday 24 April 2023
With continued automobile price cuts in China, micro EV market faces depreciation crisis
Chinese new energy vehicle (NEVs) price cuts have continued to rage on, which in turn has affected the sales situation of micro EVs. Suppliers in China's automotive supply chain stated...
Monday 24 April 2023
Volkswagen to invest EUR4.8 billion in Canadian EV battery plant
Volkswagen aims to break ground on its largest battery plant to date in 2024. The carmaker said it will invest EUR4.8 billion (US$5.28 billion) in the battery project in Canada by...
Monday 24 April 2023
China's electronics export fall implies foreign manufacturers moving out of China
As foreign manufacturers, under the "China plus one" strategy, move their productions out of China, China has seen its exports in major electronics goods keep falling, a sign that...
Friday 21 April 2023
Challenges facing China's development of AI chatbots
Since Baidu pioneered China's homegrown development of ChatGPT-like AI chatbots with its Ernie Bot, several businesses have followed suit, including SenseTime's SenseNova and Alibaba...
Friday 21 April 2023
Xi's tech self-reliance push leaves Europeans wary of China R&D
China's push to become self-reliant in the technology sphere is driving more European companies operating there to rethink their research and development plans, according to a report...
Friday 21 April 2023
South Korea's dominance in memory chips poised to increase as US squeezes China
South Korea is poised to extend its dominance over the global memory-chip market at China's expense as US export controls shift the dynamics of semiconductor supply chains, a leading...
Friday 21 April 2023
Hikvision optimistic about market recovery; expands investment in automotive and AI products
China-based video surveillance equipment maker Hikvision released its 2022 financial report. It reported a revenue of CNY83.2 billion (US$12.08 billion), a 2.1% annual growth. In...
Friday 21 April 2023
New IoT chip technologies gain attention; China turns to RISC-V for IoT chip development, says DIGITIMES Research
Broadband communication technologies such as LTE Cat.1bis and 5G NR-Light are gaining the attention of IoT chip developers for their new products with the phasing away of 2G and 3G...
Friday 21 April 2023
Changan Automobile to build its first overseas EV plant in Thailand
China-based Changan Automobile will accelerate overseas expansion with a new EV plant in Thailand. The carmaker plans to spend THB9.8 billion (US$285 million) building the facility,...
Friday 21 April 2023
Huawei cuts itself off from reliance on foreign ERP systems
After two decades during which Huawei counted on Oracle and its suppliers for software for daily business operations, the US-sanctioned Chinese company announced it successfully cut...
Friday 21 April 2023
Chinese attempt to 'leapfrog' in SiC/GaN not unchallenged
At the 2023 Optics Valley of China JFS Forum and Compound Semiconductor Industry Development Conference, Wu Lin, the President of China Advanced Semiconductor Industry Innovation...
Friday 21 April 2023
CATL posted over 550% rise in profit in 1Q23
CATL, the world's largest battery manufacturer, posted stronger-than-expected financial performance as the company kept ramping up R&D expenses to solidify its leadership.
Friday 21 April 2023
TSMC cuts revenue outlook for 2023
TSMC has revised its revenue outlook for this year to a low- to mid-single-digit percentage decrease from the previously projected small gain.