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Wednesday 18 May 2022
Hyundai partners with Tata Power to build EV charging facilities in India
Hyundai Motor India and Tata Power have entered into a partnership to build fast-charging facilities for Hyundai's dealer stores and customers, an important step for Hyundai's electric vehicles (EV) expansion in India.
LATEST STORIES
Tuesday 17 May 2022
BlueOval SK reportedly to spend KRW8 trillion on equipment for US EV plants
SK On and Ford Motor are spending KRW8 trillion (US$6.35 billion) on equipment for EV battery factories they are jointly setting up in the US states of Kentucky and Tennessee, according to South Korean media ET News.
Monday 16 May 2022
Taiwan OSATs embracing more car, industrial IC orders from IDMs
International IDMs including Infineon and STMicroelectronics continue stepping up production of automotive, industrial control and networking chips to meet ever-rising demand, outsourcing more backend operations for such chip solutions to partners in Taiwan, according to industry sources.
Monday 16 May 2022
Lithium battery materials shortages add pressure to EV makers
The rapid growth of electric vehicles (EVs) and energy storage systems has intensified the short supply of lithium batteries, while battery materials prices are being further pushed up by manufacturers' overbooking of materials, according to Chinese media reports.
Monday 16 May 2022
Novatek, Realtek eyeing more foundry capacity for non-consumer chips
Taiwan's first-tier IC design houses Novatek Microelectronics and Realtek Semiconductor are seeking more capacity support from foundry partners TSMC and UMC to fulfill new orders from new clients that are bolstering their growth despite a decline in demand for consumer chips, according to industry sources.
Monday 16 May 2022
SEA roundup: SP Group supports Vietnam solar energy development
The Philippines and Cambodia are seeing acceleration of EV market developments, while Vietnam has support from a foreign group to build solar energy capacity.
Monday 16 May 2022
India roundup: Vedanta looking for chip customers
Optimistic about getting approval under India's chip incentive scheme, Vedanta has started to find customers before building its chip plant, while Ather Energy, one of the few electric two-wheeler vendors not caught in recent fire incidents in India, has received India's government funding.
Monday 16 May 2022
Foxconn marches into global EV market with Lordstown, Fisker
Hon Hai Technology Group (Foxconn) has taken another significant step into the electric vehicle (EV) market by signing a contract manufacturing agreement and a joint venture agreement with Lordstown Motors (LMC).
Friday 13 May 2022
Laster 1Q22 operating profit drop sharply
LED automotive lighting module maker Laster Tech has disclosed its first-quarter 2022 operating profit reached NT$6.2 million (US$210,500), decreasing 83.67% sequentially and 85.88% year-on-year.
Friday 13 May 2022
Japan MLCC makers see strong demand from emerging industries
Japan-based multi-layer ceramic capacitor (MLCC) suppliers are seeing robust demand from emerging industries, such as 5G, AIoT, and future vehicles, according to industry sources.
Friday 13 May 2022
Posco to supply ProLogium with solid-state battery materials
South Korean steel manufacturer Posco has entered into an agreement with Taiwan-based solid-state battery developer ProLogium to supply cathode, anode, and solid electrolyte materials, according to the EV battery maker.
Friday 13 May 2022
Ford makes another U-turn, not to make EVs in India
Less than a year ago, Ford India decided to quit manufacturing in India but later applied for India's incentive scheme to make electric vehicles (EV). Now Ford has made another U-turn, dropping its EV manufacturing plan in India.
Friday 13 May 2022
TDK to build new factory for automotive MLCCs
TDK has announced plans to construct a new factory building at its manufacturing site in Kitakami, Japan's Iwate Prefecture, for automotive MLCCs. Construction of the factory is scheduled to begin at the end of the company's fiscal year (March 2023), and will be completed in June 2024.
Friday 13 May 2022
Foxconn reiterates flat sales outlook for 2Q, 2022
Hon Hai Precision Technology (Foxconn) has reiterated a flat revenue growth outlook for both the second quarter of 2022 and the full year, while order visibility has also strengthened compared to March.
Friday 13 May 2022
Himax expects revenue drop in 2Q22
Display driver IC (DDI) specialist Himax Technologies expects to post a 16-20% sequential decline in second-quarter revenue, with gross margin ranging from 43% to 45%.
Thursday 12 May 2022
Chinese carmakers eyeing overseas markets
Several Chinese carmakers, including XPeng, GAC Group and Leapmotor, shared their experiences on brand upgrading during a recent online forum, highlighting their efforts of catching up with foreign marques' joint ventures in China and expanding global market presence.