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IN THE NEWS
Friday 14 October 2022
Foxconn delivers first batch of 15 Model T electric buses
Foxconn Technology has newly delivered its first batch of 15 Model T electric buses to Tainan Bus in southern Taiwan, marking the beginning of mass production of the vehicle developed...
Thursday 13 October 2022
Hyundai investing US$13 billion by 2030 to strengthen software defined-vehicle capabilities
Hyundai Group has announced deployment of OTA updates on all its new vehicles to be launched starting 2023, both electric vehicles (EV) and ICE vehicles, to fully integrate digitalization...
Thursday 13 October 2022
LiDAR supplier Ibeo files for insolvency
Ibeo Automotive System, a LiDAR supplier, filed for insolvency at the end of September due to lack of growth financing, the company said.
Thursday 13 October 2022
Keen battery capacity expansions in China spark worry about possible supply glut
China's top-3 power battery makers Contemporary Amperex Technology (CATL), Ganfeng Lithium Group and EVE Energy have been aggressively proceeding with capacity expansions, with their...
Thursday 13 October 2022
Nissan to fully exit Russia market, expects JPY100 billion loss
Nissan Motor joined Toyota Motor in deciding to completely pull out of Russia, an exit that will cost Japan's second-largest automaker roughly JPY100 billion (US$687 million).
Thursday 13 October 2022
IRA conducive to Taiwan PV makers' investment in US, says SAS chairwoman
The US Inflation Reduction Act (IRA) effective in mid-August 2022 encourages investment in manufacturing of PV products in the US by tax incentives and/or subsidies, and this affords...
Thursday 13 October 2022
Honda, LGES to invest US$4.4 billion to make EV batteries in Ohio
Honda Motor and Korea's LG Energy Solution (LGES) plan to spend US$4.4 billion to build electric vehicle (EV) batteries at a new joint venture in Ohio, part of project by the automaker...
Thursday 13 October 2022
BYD launches passenger EV in India, targeting 40% market share
BYD, amid its global expansion, has launched a new EV model in India despite a souring India-China relationship that may have a negative impact on BYD's India plans.
Thursday 13 October 2022
With one US restriction after another, China's autopilot development takes a blow
The US has further sanctioned China's AI and supercomputing sectors, which may indirectly clamp down on the acceleration of China's self-driving car development.
Wednesday 12 October 2022
Europe's car output to plummet by millions, S&P predicts
European carmakers could see output drop by more than one million vehicles per quarter starting late this year and continuing through 2023, as soaring energy costs weigh on the supply...
Wednesday 12 October 2022
Foxconn to produce prototypes for IndiEV in Ohio
Taiwan-based electronics manufacturer Foxconn has been seeking opportunities to manufacture automobiles the way it manufactures consumer electronics.
Wednesday 12 October 2022
The first Taiwan-made EV Luxgen n7
Luxgen n7, the first electric vehicle (EV) ever built by a Taiwanese company, made its debut in the local market in early September.
Wednesday 12 October 2022
AcBel Polytech starts resale of green energy to Wiwynn
Power supply maker AcBel Polytech signed with server ODM Wiwynn for reselling 21.4 million KWh of green energy in September and its subsidiary AcSacca Solar Energy began to execute...
Wednesday 12 October 2022
More Indian EV customers looking for high-speed two-wheelers
For the most part, India's EV journey started with two and three-wheelers. Within the two-wheeler category, scooters have remained the popular choice. This could be because EVs have...
Wednesday 12 October 2022
Foxwell Power to build biggest energy storage system in Taiwan
Foxwell Power, an operator of a renewable energy trading platform, has signed with three banks for a syndicated loan of NT$1.75 billion (US$55.1 million) for funding construction...