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Tuesday 2 August 2022
China leading global NEV market with 59% of sales
China advances its leading position in the global New Energy Vehicle (NEV) market as the pandemic and the Russia-Ukraine war impact Europe. According to data from the China Passenger...
Tuesday 2 August 2022
VinFast to deliver VF8, VF9 in 4Q22 and begin US production in 2024
VinFast, Vietnam's homegrown automaker that belongs to the country's largest conglomerate Vingroup, has been deploying very quickly automotive production around the world.
Tuesday 2 August 2022
New energy car vendors perform outstandingly in 1H22 China fund-raising market
China-based vendors of new energy cars, in the 1H22 China fund-raising market, absorbed the largest amount of funds among various domains of venture capital investment, according...
Monday 1 August 2022
San-Ti Energy inaugurates 5MWh energy storage system in southern Taiwan
San-Ti Energy on July 27 brought into operation an energy storage system with an installation capacity of 5MWh in Kaohsiung City, southern Taiwan, according to the company.
Monday 1 August 2022
Fortune 500 companies pose competition in Vietnam's process manufacturing sector
With companies shifting their business from China to Vietnam, Vietnam's process manufacturing sector has attracted US$252 billion in foreign direct investment (FDI) and accounts for...
Monday 1 August 2022
Edison Opto expects revenue proportion for automotive lighting to rise to 30-35% at end of 2022
LED packaging service provider Edison Opto expects the proportion of consolidated revenues for LED automotive lighting modules and lamps to rise from 25-30% in the first half of 2022...
Monday 1 August 2022
Samsung semiconductor division posts record revenue for 2nd consecutive quarter
Samsung Electronics has reported consolidated revenue climbed to a record high of KRW77.2 trillion (US$59.4 billion) in the second quarter of 2022, when its device solutions (DS)...
Monday 1 August 2022
Renesas, UMC Q2 results firm on strong auto and industrial chip demand
There is a very obvious diverge in the Q2 financial results of semiconductor companies – those with automobile and industrial grade chips taking the majority of their operations...
Monday 1 August 2022
BASF Toda Battery Materials to expand CAM production capacity
BASF Toda Battery Materials (BTBM), a Japan-based maker of cathode materials established by Germany-based BASF and Japan-based Toda Kogyo on a joint-venture basis, will expand production...
Monday 1 August 2022
Denso launches new RC-IGBT for EV, reducing energy loss by 20%
Japan's top automotive components supplier Denso is keen to develop and produce automotive power chips on its own, and has just unveiled a new power semiconductor device for electrical...
Monday 1 August 2022
SEA roundup: FDI expanding in Malaysia, Indonesia, Vietnam
Foreign investments in Indonesia, Malaysia and Vietnam have expanded vastly, with investors coming from Japan and South Korea.
Monday 1 August 2022
Reliance, Ola Electric, Rajesh Exports to build battery cell manufacturing
Ola Electric, Reliance New Energy and Rajesh Exports have signed agreements with the Indian government for locally-made battery cells, in a bid to create a self-reliant battery ecosystem...
Friday 29 July 2022
Indonesia attracts a US$2.5 billion investment from Toyota and Mitsubishi
Indonesia attracted new investments worth a total of Rp 37.1 trillion (US$2.48 billion) from Japanese automakers, Mitsubishi and Toyota through the coordinating minister for Economic...
Friday 29 July 2022
Volkswagen reported EUR 13.2 billion operating profit in 1H22, increasing 27% BEV deliveries
Despite the headwinds across the automotive industry, Volkswagen Group saw a more than 10% increase in 1H22 operating profits from last year. CFO Arno Antlitz said the environment...
Friday 29 July 2022
CyberLink's facial recognition technology expected to generate revenue in 2023
In its online earnings call on July 26, CyberLink's chairman and CEO Jau Huang indicated that the company's FaceMe facial recognition engine is expected to contribute to revenues...