Luxshare Precision Industry is constructing additional assembly lines for smartphones in Kunshan, China's Jiangsu province, in phases and plans to have nearly 40 new lines come online as a final goal, according to sources familiar with the matter.
Cooling component supplier Amonics has obtained orders for LiDARs used in electric vehicles (EVs) in China, with production set to ramp up in 2022, according to the company.
LED packaging service provider Brightek Optoelectronic in June 2021 began to construct a factory in eastern China with initial investment of NT$700 million (US$25.1 million) and will complete it in August 2022, with trial production scheduled for the fourth quarter of the year and volume production to begin in 2023, according to company chairman Jack Huang.
Going into 2022, China is offering 30% less EV subsidies for carmakers, according to government rules, and only subsidizing EVs priced below CNY300,000 (US$47,000). The coming year will be a test for carmakers facing semiconductor, battery shortages and subsidy reduction.
South Korea-based LG Energy Solution (LGES) and SK On are now among the top-5 electric vehicle (EV) battery makers in the world, according to data collected from January to October this year. The two rivals are both raising production capacity and looking at prospective forecasts for next year.
China-based O-Film Image Technology (Guangzhou) is in process of certification by Apply for supplying lens modules for use in iPhone, according to China-based media reports.
After announcing partnerships in 2021 with Hero Moto in India and Gojek in Indonesia, the electric motorcycle and battery swap company Gogoro aims to start producing electrical motorbikes in China, India, and Indonesia in 2022. What is its secret sauce for expanding its supply chains at such lightning speed? The answer lies with its smart manufacturing partners, PowerArena and NTT Data.
China Star Optoelectronics Technology (CSOT), a China-based display panel maker belonging to the TCL Group, is setting up a 8.6G oxide TFT-LCD production line, with production scheduled to begin in first-quarter 2023, according to industry sources.
BYD India is looking to expand its dealership network to eight major local cities, according to Economic Times and Livemint. Having just launched its first electric multi-purpose vehicle (eMPV) e6, BYD India plans to provide more aftermarket services through dealership expansion.
After replacing O-film to supply camera lenses for iPhones earlier in 2021, China-based electronic devices maker Wingtech Technology reportedly has regained big handset ODM orders for 2022 from Samsung Electronics, according to industry sources.
Before Taiwan Semiconductor Manufacturing Company (TSMC) agreed to build a US$7 billion semiconductor fab in Japan, it had reportedly turned down a pevious invitation from the Japanese government when the US presented better incentives, according to NHK.
Unit sales of the new iPhone 13 started slowing down in China during November when Apple saw its share of China's smartphone market fall below 20%, according to data from the China Academy of Information and Technology (CAICT).
Toyota has announced that it is ramping up investment in EVs and batteries and raising sales target. The Japanese carmaker said on December 14 it will funnel JPY4 trillion (US$3.5 billion) for BEV and batteries by 2030, out of a total of JPY8 trillion investment for R&D and equipment.
South Korea is changing up its EV subsidy program. Starting in 2022, EV purchase subsidies will reduce by up to KRW2 million (US$1,680) and high-end EVs will not be subsidized. On the other hand, subsidy for EV-charging infrastructures is increasing from KRW24 billion to KRW74 billion.
Hon Hai Precision Industry announced that its subsidiary Foxconn Industrial Internet (FII) will invest CNY2.22 billion (US$348.83 million) in a private-equity fund to invest in advanced precision manufacturing projects and semiconductor companies in Guangdong province, China.
