E-Formula Technologies is actively growing its presence overseas with governmental and private sector partnerships in the Philippines and Japan, providing integrated smart energy services as part of the global trend toward net-zero emissions. According to company chairman Peter Chang, the only path to a truly economically valuable energy solution is by integrating energy saving, generation, and storage services.
Japan's Nikkei 225 plummeted more than 1,700 points, or over 5%, on April 9 as the latest set of US tariffs, including a massive 104% levy on Chinese imports, took effect. Rising trade tensions between the US and China have created uncertainty for businesses operating within China, including Apple. The tech giant's iPhone production is significantly dependent on Chinese manufacturing, which could be impacted by the ongoing economic dispute.
China has imposed new export restrictions on seven medium and heavy rare earth elements—samarium, gadolinium, terbium, dysprosium, lutetium, scandium, and yttrium—through a joint directive from the Ministry of Commerce and the General Administration of Customs. Although intended to curb US access, the move could have far-reaching consequences, with potential disruptions across the robotics sector and its broader supply chain.
Foxconn is broadening its third-party environmental, social, and governance audit program to nine facilities across China, Vietnam, Malaysia, India, and Mexico in 2024, as the iPhone assembler strengthens its sustainability efforts globally.
Global trade tensions are escalating as US President Donald Trump implements widespread tariffs in his second term, while the European Union's ambitious carbon border tax faces a potential one-year delay, further complicating the outlook for international carbon markets.
As global demand for energy continues to surge while supply remains unstable, energy storage systems (ESS) have become a critical pillar in the future of energy infrastructure. For industry players, the key challenge is how to leverage innovation to enhance storage efficiency and reliability.
Texas is pioneering advanced energy storage technologies as part of a broader push to enhance grid stability and expand renewable capacity, addressing growing power demands — including from data centers projected to consume 9% of the US electricity by 2030.
As Darfon's de-inventory process finally coming to an end, a more robust supply chain as well as better-integrated group resources are gradually falling into place. Andy Su, chairperson of Darfon, believes 2025 is a year of healthy growth for the company. As market demand continues its slow rebound and past investments begin to pay off, Su expects Darfon's green energy business to reach a new growth peak starting in 2026.
As the demand for electric vehicles (EVs) slows, battery manufacturers are adjusting their procurement strategies to manage costs. South Korean battery maker Samsung SDI is exploring increased use of Chinese battery equipment following discussions at a recent shareholders' meeting, citing improvements in quality and cost-effectiveness.
At LG Group's 63rd shareholders' meeting in Seoul, chairman Koo Kwang-mo, though absent, conveyed his strategic vision through a written message, emphasizing the company's commitment to advancing its battery business as a key driver of future growth, according to South Korean media reports, including Money Today and ZD Korea.
Taiwan's state utility Taipower faces significant losses and calls for price hikes primarily due to soaring fossil fuel costs that power 80% of the island's electricity supply, not from renewable energy subsidies as some have suggested.
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