Major tier-1 automotive suppliers in Europe and the US are conducting layoffs amid disappointing electric vehicle (EV) demand, potentially creating opportunities for their Asian counterparts...
NXP Semiconductors maintains an optimistic outlook for the electric vehicle market, emphasizing that new entrants in the automotive manufacturing industry are driving market expansion...
Following the Bureau of Industry and Security's (BIS) addition of over 100 Chinese companies to its entity list, China's four major associations for automobiles, internet, semiconductors,...
India plans to broaden its electric vehicle incentives to include automakers producing EVs at existing factories, moving beyond its initial focus on new facilities. The revised policy...
The automotive industry faces unprecedented upheaval as traditional manufacturers from Europe, the US, Japan, and South Korea confront economic headwinds and weakening electric vehicle...
India is eager to establish a robust local EV manufacturing ecosystem, driven by the growing adoption of low-carbon vehicles in global markets. However, official data reveals a lack...
Leading tier 1 European automotive suppliers, including Bosch and ZF, have laid off more than 50,000 workers in 2024, surpassing layoffs during the COVID-19 pandemic. This is mainly...
The European automotive supply chain faces deepening turmoil, with industry giants like Bosch, Valeo, and Ford announcing extensive layoffs. These developments underscore the ongoing...
The Chinese electric vehicle (EV) industry is characterized by intense competition as numerous automakers aim to achieve profitability in the face of increasing sales. Xiaomi, with...
The landscape of the three key new energy vehicle (NEV) markets—China, Europe, and the US—will undergo dramatic changes in 2025. Price competition is expected to continue,...
On November 26, BYD announced a directive requiring its suppliers to implement a 10% cost reduction starting January 1, 2025. Following this, SAIC Maxus has reportedly launched a...
International integrated device manufacturers (IDMs) have begun offering automotive-grade chips specifically designed for the China market in 2024, responding to mounting cost pressures...
China's 4S dealership model, once a cash cow in the early 2000s, is unraveling under mounting pressure. The sector, which peaked around 2017, has been hit hard by fierce price wars...
Tesla plans to launch its Full Self-Driving (FSD) technology in China by early 2025, though regulatory approval remains uncertain. Domestic automakers are intensifying efforts to...
