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NEWS TAGGED EUROPE
Tuesday 19 November 2024
EU-China EV pricing talks advance on the cusp of Trump's second term
The European Union's trade dispute with China over electric vehicles (EVs) took a new turn when both parties showed willingness to negotiate pricing agreements, despite the EU implementing...
Monday 18 November 2024
Car rental giants Hertz and Sixt get hit by 'triple blow' in EV transition
US-based car rental giant Hertz and its European counterpart Sixt have both faced severe financial losses due to the rapid depreciation of electric vehicles (EVs) in their fleets...
Monday 18 November 2024
Hiwin sees bright US automation prospects amid Europe's slowdown
Following a five-year hiatus, Hiwin resumed its in-person earnings call, providing an updated outlook for 2025. The company expects increased economic clarity post-US presidential...
Friday 15 November 2024
US, China, EU push for localization: Europe's chip giants warn of unintended fallout
China's semiconductor industry has ironically labeled Donald Trump as its "unexpected ally." Since 2018, his trade and tech wars have catalyzed major shifts in the sector. Now, with...
Friday 15 November 2024
China's EV advantage pressures European automakers: Strategic alliances or risky moves?
China's dominance in automotive electronics and electrification is pushing European, American, Japanese, and South Korean automakers to respond. European brands, in particular, are...
Friday 15 November 2024
Germany's automotive cuts feed semiconductor talent race
Europe's automotive sector is facing sweeping changes, marked by mass layoffs and factory closures, with Germany's top automakers—Volkswagen AG, BMW, and Mercedes-Benz—feeling...
Friday 15 November 2024
Power device firm Panjit eyeing bigger presence in Europe
Panjit International, a Taiwanese MOSFET and silicon carbide (SiC) diode supplier, is working to expand its footprint in Europe with its offerings for automotive, electric vehicle...
Friday 15 November 2024
Ledtech expands low-temperature lighting market share by entering low-carbon lighting sector
LED manufacturer Ledtech turned a profit in the first three quarters of 2024, following a reorganization of its business and marketing operations earlier in the year. The company...
Friday 15 November 2024
Chinese EV makers weigh relocation as EU trade tensions mount
Mounting trade tensions between the European Union and China are prompting Chinese electric vehicle manufacturers to reevaluate their European production plans. Following the EU's...
Thursday 14 November 2024
AOpen gains record profits in 3Q24
Acer subsidiary AOpen achieved its highest profits in 22 years during the third quarter of 2024. The company attributes this growth to long-term efforts in various markets and customer...
Thursday 14 November 2024
Automotive chip fab projects face suspension in Europe amid EV slowdown
The global semiconductor shortage that plagued automotive chips from 2020 to 2022 has subsided, as electric vehicle (EV) demand in Europe and the US falls short of projections. While...
Monday 11 November 2024
Germany's auto giants face multiple policy pressures amid Trump retaking power
For the global automotive industry, Donald Trump's upcoming return to the White House may create greater challenges not for China's emerging automakers but for Germany's leading automotive...
Thursday 7 November 2024
Chinese lithium battery makers face domestic price wars amid global expansion hurdles
Despite their dominance of over 60% of the global lithium battery market, Chinese manufacturers are increasingly seeking to expand abroad to escape fierce competition and price wars...
Thursday 7 November 2024
European automakers face continued challenges in auto industry electrification
The transition of Europe's automotive industry to electric has encountered challenges in 2024, leading to significant setbacks for European car manufacturers. To date, European automakers...
Tuesday 5 November 2024
NXP forecasts lower 4Q24 results due to falling auto chip demand and macro issues
NXP Semiconductors anticipates that its revenue and profit performance for the fourth quarter of 2024 will be below market expectations, with an estimated range of US$3 billion to...