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NEWS TAGGED EV
Tuesday 20 August 2024
Huawei's smart car unit valued at US$16 billion after investment
Chinese tech firm Huawei Technologies Co.'s push into the electric vehicle market has received another boost, after an investment valued its auto solutions company at RMB 115 billion...
Tuesday 20 August 2024
GM to cut more than 1,000 software engineers, mostly in US
General Motors Co. is cutting more than 1,000 software engineers as the automaker moves to lean up its software and services organization, said a person familiar with the matter.
Tuesday 20 August 2024
SSFC sees growth opportunities amid China's auto market involution
Taiwan's Shinkong Synthetic Fibers Corporation (SSFC) has made significant inroads into China's electric vehicle market with materials such as elastomers and automotive films. Despite...
Tuesday 20 August 2024
SSFC sustains 100% capacity utilization, eyes new growth in EV and semiconductor materials
Taiwan's Shinkong Synthetic Fibers Corporation (SSFC), keen on product diversification to mitigate market risks, is expanding into the semiconductor and automotive sectors while maintaining...
Tuesday 20 August 2024
German car brands face market share decline in China
German luxury car brands BMW, Mercedes-Benz, and Audi are experiencing a decline in market share in China amid ongoing price cutting in the local car market. The German brands have...
Tuesday 20 August 2024
China's used car market faces challenges amid new vehicle price cuts
Ongoing cutthroat competition in the Chinese auto market has led to challenges in China's used car market. Additionally, moves by foreign car brands, such as halting price cuts in...
Monday 19 August 2024
Uber-backed e-scooter startup Lime enters Japan after South Korea exit
Uber Technologies Inc.-backed Lime is entering Japan's growing e-scooter ride market in a foray that pits the San Francisco-based startup against homegrown Luup KK.
Monday 19 August 2024
Taiwan's new localization rules stun auto industry, MG brand hit hardest
A new set of regulations governing mandatory local supply chain cooperation value ratios, announced by Taiwan's Ministry of Economic Affairs (MOEA) on July 30 and swiftly implemented...
Monday 19 August 2024
Automakers continue to adjust business in China; supply chain prepares backup plan
In recent years, business for joint venture automakers in the Chinese market is no longer smooth sailing, facing increasing challenges. As a result, many have adjusted their local...
Monday 19 August 2024
Hydrogen-powered vehicles gain momentum as EV sales slow, but profits remain a distant prospect
With global electric vehicle (EV) sales slowing, hydrogen-powered vehicles are gaining unexpected attention.
Friday 16 August 2024
Zerova adapts global marketing strategy as US EV charging market faces uncertainty
The US EV charging market is temporarily affected by numerous variables due to the 2024 US presidential election. Alex Lin, Chairman of Phihong's EV charging market subsidiary, Zerova,...
Friday 16 August 2024
Geely, Xpeng, Xiaomi boosted by strong vehicle sales amid threats from EU tariffs
Chinese automakers including Xpeng Inc., Geely Automobile Holdings Ltd., and Xiaomi Corp. should all report higher vehicle sales, though challenges remain as competition heats up...
Friday 16 August 2024
China's struggle to boost domestic chip use in EVs
Bloomberg previously reported that China's Ministry of Industry and Information Technology (MIIT) has instructed EV companies like BYD and Geely to increase the procurement of domestic...
Friday 16 August 2024
Struggling in the EV era: traditional Tier 1 suppliers face restructuring amid global challenges
Due to weaker-than-expected demand for electric vehicles (EVs), many traditional Tier 1 suppliers in Europe and the US have undergone significant restructuring in recent years.
Friday 16 August 2024
SK Hynix expands HBM supply to automotive applications beyond servers
SK Hynix has supplied high bandwidth memory (HBM) to Waymo, the autonomous vehicle subsidiary of Google. As the autonomous driving era dawns, HBM is expected to find widespread applications...