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Dec 15
BYD's sales power endures as China's EV price war deepens

China's prolonged price war in the auto market is taking a growing toll on profitability, and even BYD, the country's dominant electric-vehicle maker, is beginning to feel the strain. At the same time, the company's latest sales figures highlight the scale of its operations and the increasingly complex dynamics shaping its growth.

Luxshare Precision Industry is accelerating efforts to diversify its business mix as it seeks to reduce its heavy reliance on Apple-linked consumer electronics, even as that segment remains the company's largest revenue contributor. Financial data show consumer electronics accounted for 79% of Luxshare's revenue in the first half of 2025, down from a peak of 88% in 2020 and 85% in 2023, signaling a gradual but deliberate rebalancing.
Chinese tech giant Xiaomi has aggressively expanded into the electric vehicle (EV) market in recent years, with its EV business showing strong performance and cumulative deliveries surpassing 500,000 units. The company also achieved the annual sales target set by founder Lei Jun ahead of schedule. However, alongside rapid sales growth, Xiaomi has recently faced a series of safety-related incidents, bringing renewed scrutiny to its vehicle safety and management processes.
Luminar Technologies filed for Chapter 11 bankruptcy protection in Texas on Monday, seeking to sell its core business after losing a crucial supply contract with Volvo Cars and facing mounting financial pressure, according to court filings and company statements.
The global automotive electronics and electrification (E/E) landscape has shifted from a simple race for technological supremacy to a high-stakes geopolitical arena spanning Europe, the United States, and China. At the heart of this competition lies the lithium battery—both the most valuable and most sensitive component of the modern EV industry.
As growth in the global electric-vehicle (EV) market begins to slow, consumer concerns over driving range and charging convenience are intensifying, prompting the industry to shift its focus toward more centralized electronic/electrical (E/E) architectures, improved energy efficiency, enhanced smart-cabin experiences, and regulatory compliance alongside supply chain realignment.
On December 11, 2025, Taiwan officially inaugurated its first hydrogen refueling infrastructure with the simultaneous opening of CPC Corporation's Nanzi station in Kaohsiung and Linde LienHwa Group's Shugu demonstration station in Tainan. The milestone signals a new chapter for Taiwan's hydrogen energy supply chain and practical use in transportation.
Hiroca Holdings, a Taiwan-based supplier of automotive interior components, said its new automated coating line in Mexico is on track to begin phased production by the end of 2025, a move that will support rising orders from major American and Japanese automakers operating in North America. Because the Lunar New Year will fall later than usual in 2026, the company does not expect Taiwanese automakers to pull forward year-end inventory builds in December 2025.
Innolux subsidiary CarUX formally completed its acquisition of Japan's Pioneer on December 1, 2025, a deal that is expected to boost CarUX's annual revenue to as much as NT$100 billion (approximately US$3.2 billion). Jim Hung, chairman of Innolux and CarUX, described the transaction as the company's most significant merger since Innolux's own three-way consolidation, adding that the two sides clicked immediately, and that the combined company will enjoy three major synergies and three strategic advantages.
Germany's auto market is expected to hit a critical turning point in its shift to electrification in 2026.
King Shing Industrial is accelerating its shift into AI-enabled mobility systems while strengthening its core automotive aftermarket business in North America. The Taiwan-based motor and cooling system maker said it is expanding into higher value applications, including unmanned aerial vehicles, autonomous logistics vehicles, and robotics, and plans to begin automated motor production in Thailand in the first half of 2026.
Steel bar and wire maker Camellia Metal has steadily grown sales from the automotive sector, increasing the sector's share of revenue from 33% in 2023 to 39% in 2025 despite challenging conditions. The company is actively expanding into the Southeast Asian market with a three-stage plan aimed at competing against established Japanese supply chains.