Tesla's Shanghai Megafactory in Lingang is on track for completion by the end of 2024, with production anticipated to start in the first quarter of 2025, underscoring the company's commitment to rapid expansion in energy storage manufacturing.

J&V Energy has announced the formal signing of a memorandum of understanding (MOU) with Thailand's ESPRO. The two parties will jointly establish a holding company in Thailand, focusing on the development and operational management of green energy projects in the region.

In the year-end message to Tata Group employees, chairman N Chandrasekaran emphasized the transformative impact of manufacturing on India's economy, buoyed by global supply chain shifts favoring the country.

LG Energy Solution (LGES) has secured a 7.5 GWh energy storage system (ESS) supply deal with US-based Excelsior Energy Capital, with production and delivery slated to begin in 2026. The agreement underscores LGES’s commitment to expanding its footprint in the ESS market while leveraging its energy storage solutions to manage short-term demand shifts in the electric vehicle (EV) industry.

Tesla's Shanghai "Gigafactory" is undergoing significant personnel changes as Chinese media reports indicate that Gang Song, the site's director and VP of manufacturing, has departed to pursue a position in the green energy industry with Envision Group.

Leading Chinese solar manufacturers, including Longi Green Energy Technology, Trina Solar, and JA Solar, have been forced to delay their production capacity expansions as they grapple with severe market oversupply.

The National Science and Technology Conference, held every four years by the Executive Yuan, is the highest-level meeting shaping Taiwan's technology policy. During the conference on December 16, 2024, Taiwan Semiconductor Industry Association Chairman Cliff Hou expressed industry concerns regarding the supply of green electricity, urging the government to make concrete commitments towards achieving its phased goals for 2030.

Taiwan-based energy solution provider ATE Energy has achieved significant progress in the Philippines market with an order backlog of about NT$11 billion (approx. US$335.83 million) and expects overseas revenues to account for 70% of the overall total in 2025, according to the company.

Taiwan's Sanyang Motor (SYM) and the Industrial Technology Research Institute (ITRI) have reached a significant milestone in their joint hydrogen fuel cell motorcycle project, successfully completing a key road test.

Stringent regulations and restrictive land use policies have severely limited Taiwan's solar power development, failing to meet the semiconductor industry's growing demand for green energy, according to Norman Tsai, chairman of both the Taiwan Photovoltaic Industry Sustainability Association (TPISA) and INA Energy.

As offshore wind and solar power mature, the Ministry of Economic Affairs of Taiwan (MOEA) has shifted its focus to geothermal energy as the next key phase in renewable energy development.