Albemarle Corp. is aiming to spend between $1.25 billion and $1.5 billion to double its lithium hydroxide output in Australia to a volume that it estimates could power more than two...
US electric pickup truck startup Lordstown Motors (LMC) previously announced that because Foxconn is suspending further investments, it could be facing bankruptcy. LMC claimed that...
With EVs gradually gaining popularity, the demand for mid- to low-price models has grown. EV makers have elected to reduce costs in exchange for price competitiveness. One method...
China-based EV company Nio will adopt NXP Semiconductors' 4D imaging radar technology, according to an announcement on May 2. Only last month, the carmaker invested in a domestic...
Despite Tesla planning to sharply cut the use of SiC (silicon carbide) components in its future cars, SiC penetration in energy storage, renewable energy and charging pile applications...
Ford Motor posted US$1.76 of net income in the first quarter of 2023 as total shipments increased by 9% year-over-year. On Tuesday, it lowered prices of the electric Mustang Mach-E...
Tesla, with its new factory for energy storage products in Shanghai, is eyeing closer ties with local industry supply chains in China, according to sources at Chinese power component...
Samsung Electronics Co. is banning employee use of popular generative AI tools like ChatGPT after discovering staff uploaded sensitive code to the platform, dealing a setback to the...
Chinese automaker Li Auto broke new records and became the first high-end electric vehicle (EV) brand in China to deliver more than 25,000 vehicles in a single month. This achievement...
Nvidia has announced that it is shipping its DGX H100 systems to customers from Tokyo to Stockholm, who will connect to the AI supercomputers to advance workloads involving generative...
MediaTek was extremely cautious at its earnings call when announcing its prospect expectations, confirming recent market observations. The overall operations in the second quarter...
Taiwan's major IC design houses have shown little interest in developing chip solutions for charging piles, due mainly to the relatively smaller market scale for the chip segment...
China-based battery maker Gotion High-tech saw its revenue in overseas markets surge 464.76% last year. Moreover, it is on track to expand battery production to the US. The site exploration...
In a regulatory filing, Lordstown said Foxconn threatened to withhold funding due to a breach of their investment agreement, which may force Lordstown to cease operations as the EV...
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