As more EV models are available and prices decrease, EV sales have grown notably in recent years. However, the growth rate will slow in 2024, making one wonder whether the "golden cross" between EV and Internal Combustion Engine vehicle (ICE) sales will arrive on time.
Amid economic uncertainty, China still saw a surge of "unicorns" in 2023, particularly in sectors such as AI, semiconductors, aerospace, and new energy vehicles.
In the wake of SpaceX's groundbreaking success with Starlink, China is gearing up to launch its own rendition of the satellite constellation, leveraging its formidable aerospace prowess and technological might.
Hyundai Motor has reportedly tied up with battery maker SK On in the US. Before the pair establishes a joint venture, SK On will retool a battery production line dedicated to Ford at its plant in the State of Georgia and manufacture batteries for Hyundai instead.
Besides launching a new wave of EV price-cut strategies in 2024, Tesla is also undergoing a global mass layoff, highlighting the severe sales challenges Tesla is facing in the Chinese market.
Lenovo has unveiled its AI PC series, including the Yoga Book 9i, which features an AI agent named "Xiao Tian" powered by Alibaba's Tongyi Qianwen model.
The Beijing International Automotive Exhibition will return this week following a four-year hiatus due to the COVID-19 pandemic, with major car vendors and startups all raring to go.
Tesla Inc.'s weekend move to slash prices across its range in China risks triggering a new round in the nation's bruising price war, with Li Auto Inc. immediately responding with discounts and cash rebates on new models.
Nvidia announced that Japan's new quantum supercomputer — designed to advance the nation's quantum computing initiative — will be powered by Nvidia platforms for accelerated and quantum computing.
After the memory market, led by DRAM, began to rebound, NAND Flash has also entered the final stages of its downturn. Customer inventories have been consumed, and with the growth in demand driven by Artificial Intelligence (AI), it's reported that Samsung Electronics' NAND utilization rate has increased to nearly 90%.
Japan's Ministry of International Trade and Industry (MITI) unveils a JPY 72.5 billion (US$480 million) subsidy to back Generative AI (GenAI) development by five local firms, including telecom leader KDDI.
Japanese IC substrate manufacturer Shinko Electric Industries has announced that due to poor sales of its main product, flip chip packaging substrates, the upcoming fiscal report for the fiscal year 2023 (April 2023 to March 2024) will see a comprehensive downward revision in both revenue and profit. This marks the second downward revision for Shinko Electric.
Reducing production costs has been a major task for carmakers as a price war persists in the EV market. According to Nikkei, Honda Motor is trying to produce integrated vehicle bodies with cheaper steel through collaboration with Europe-based steel maker ArcelorMittal.
