According to DIGITIMES Asia Supply Chain 100 (ASC 100) list, tech companies in the "semiconductor" and "electronic components" sectors account for eight out of the top 10 businesses with the highest profit margin in 2021.
LFP (lithium ferro-phosphate) batteries are gaining momentum in EV applications, especially for electric buses and energy storage systems, with Foxconn's electric buses also adopting such batteries, according to supply chain sources.
India electric two-wheeler manufacturer Ather Energy and EV charging solution provider Magenta ChargeGrid have signed an MoU to build charging facilities for Ather Energy across India, according to ElectronicsB2B and Autocar India.
The surging costs of lithium batteries and vehicle components continue to pressure suppliers of micro- and small-sized cars in China. Many of them are migrating to the mid-priced tier, whereas Tesla plans to launch cheaper models.
Hotai Motor, Toyota Motor's distributor in Taiwan, has unveiled the Japanese carmaker's battery electric vehicle (BEV) model bZ4X. It is Toyota's first BEV model arriving in Taiwan and part of its plan to launch 30 BEV models by 2030.
Arun Plus and Contemporary Amperex Technology (CATL) have signed a strategic MOU to explore potential cooperation and development opportunities in battery-related business in ASEAN, to increase the competitive-edge of both parties in battery business, as well as to secure a long-term energy storage system technology in Thailand and in global markets.
One month after Tesla recalled more than 120,000 units of its Model 3 in China, allegedly due to defects in rear motor inverters, the real causes of the defects remain unclear. As Tesla is the first carmaker to use silicon carbide (SiC) metal-oxide-semiconductor field-effect transistors (MOSFETs) in commercial cars, the recall has sparked debates about the reliability of SiC - the third-generation semiconductor material that is gaining favor.
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.
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.
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.
India wants to transition to electric vehicles quickly. The government has made its intentions clear with subsidies and incentives, while major car OEMs like Tata Motors are gearing up to launch several new electric vehicles.