Mitsubishi Electric is evaluating a partial stake sale in its automotive components subsidiary, Mitsubishi Electric Mobility, as reports emerge of potential investment discussions with Taiwan's Foxconn.
Mainstream carmakers in Europe, the US, Japan, and South Korea are reassessing battery electric vehicle (BEV) strategies amid range anxiety, weak charging infrastructure, high vehicle costs, and softer-than-expected demand, prompting renewed interest in extended-range electric vehicle (EREV) technology.
Benefiting from stabilized shipments of its LED automotive lighting modules and headlight controllers, Laster Tech reported a consolidated revenue of NT$2.201 billion (US$68.7 million) in the fourth quarter of 2025, up 8.83% quarter-over-quarter. The company also posted a net profit after tax of NT$86.64 million for the quarter, a surge 2,725% from the previous quarter. This represents a full-year turnaround from losses to profits.
As major battery manufacturers accelerate the commercialization of solid-state batteries (SSBs), South Korea's battery materials industry is also speeding up product development and production, targeting the emerging demand. Efforts now span multiple areas, including cathode and anode materials, SSBs, and key raw materials. Observations from the show floor at InterBattery 2026 indicate that South Korean materials suppliers are advancing toward mass commercialization through cross-company collaboration and vertical integration.
Rapid growth in global electric vehicle (EV) and energy storage demand is accelerating shifts in the battery industry landscape. South Korea's three major battery makers, LG Energy Solution (LGES), SK On, and Samsung SDI, are facing pressure from Chinese competitors whose advantages in production capacity, cost, and market share continue to expand. At Inter Battery 2026, the Korean companies highlighted their respective technological strengths as they seek to maintain competitiveness.
Horace Luke, the former Nike designer and Microsoft creative director who founded Gogoro in 2011 to revolutionize electric scooters, has reportedly accumulated debts of about NT$150 million (approx. US$4.7 million) and is currently unreachable. This situation has prompted Ruentex Group chairman Samuel Yin to launch an investigation into Luke's overseas assets.
Taiwan's leading automotive power and safety component supplier, Global PMX, has been accelerating its expansion into the fast-growing AI server market while simultaneously advancing into high-value semiconductor and smart medical products. Several new offerings have already entered mass production and shipment, and with additional overseas capacity set to come online, the company is positioning for stronger operational growth ahead.
As Formula One (F1) prepares to introduce new power unit regulations in 2026, the sport faces its most dramatic technical transformation in decades. Recent reports also suggest that Chinese automaker BYD is considering an entry into F1, adding fresh intrigue to the ongoing shift. If confirmed, it would mark the first time a Chinese car brand has formally challenged the "pinnacle of motorsport," and further signals the sport's changing focus, going from raw engine output to sophisticated energy management.
The Formula One (F1) season opened in Australia with a spectacle that was meant to inaugurate a new technological era. Instead, it quickly became a showcase of dominance by one team.
Global PMX released a positive outlook, identifying semiconductor- and AI-server-related businesses as its main future growth drivers, while signaling a gradual decline in its formerly dominant automotive segment. The company said it has actively optimized its product mix as global industry structures adjust.
Although automotive component manufacturer Kwang-Hwa Electronic's primary shipment markets remain China and North America, revenue growth in the US and Mexico has been significant in recent years. Combined revenue from the two regions has increased by more than 25% year-on-year, indicating that the company's overseas capacity expansion is gradually taking effect and helping to ease the pressure from persistent price competition in the Chinese market.
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