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Wednesday 31 July 2024
Chinese suppliers eyes Russia's growing demand for auto parts, supply chain urge caution amid war uncertainties
Automotive component supply-chain stakeholders say they are seeing the disruptions brought by the Russo-Ukraine war on the international industry gradually fading.
Wednesday 31 July 2024
Volkswagen and Xpeng to jointly develop in-car systems for Chinese EV market
Volkswagen has reached a new agreement with Xpeng Motors to jointly develop in-car systems for the Chinese Electric Vehicle (EV) market, strengthening their existing partnership.
Wednesday 31 July 2024
IDMs underperform in 2Q24, indicating automotive IC weakness
Financial data from leading European and American integrated device manufacturers (IDMs) indicate that the automotive semiconductor market is underperforming, with weaker demand than...
Wednesday 31 July 2024
BYD intensifies EV price war, challenges competitors in China
BYD has initiated a fresh price war in China's electric vehicle (EV) market, continuing to pressure its competitors by leveraging its production scale, according to market sources...
Tuesday 30 July 2024
Ola Electric to raise US$734 Million, likely to be largest IPO in India in 2024
According to Bloomberg and Reuters, Indian electric two-wheeler (E2W) maker Ola Electric Mobility is set to launch its initial public offering (IPO). The company aims to raise up...
Tuesday 30 July 2024
Infineon escalates legal battle against Innoscience over GaN patents
On July 23, 2024, Infineon Technologies AG expanded its ongoing lawsuit in the U.S. District Court for the Northern District of California, adding claims against Innoscience (Zhuhai)...
Tuesday 30 July 2024
Onsemi expects signs of recovery in 2H24, eyes growing SiC usage in AI data centers
Onsemi reported a decline in performance for the past quarter, attributing the downturn to short-term economic headwinds. Despite these challenges, the company remains confident in...
Tuesday 30 July 2024
BYD's potential entry into Taiwan's EV market faces five key challenges
As 2024 enters its final four months, BYD's annual electric vehicle sales have nearly surpassed Tesla's, solidifying its market position. The company's international expansion is...
Monday 29 July 2024
Xiaomi buys US$116 million site in Beijing to expand EV production
Chinese tech company Xiaomi Corp. has purchased a plot of land in Beijing for RMB 842 million (US$116 million) to expand electric car production following the early success of its...
Monday 29 July 2024
Tesla and Nvidia set to go head-to-head in high-end autonomous driving
In the realm of end-to-end advanced autonomous driving solutions, both Nvidia and Tesla are dominant forces.
Monday 29 July 2024
US slams the door on Chinese EVs; EU leaves a crack open despite stringent taxes and tariffs
China's EV entrance into international markets has hit a bump with the trade barriers from Europe and the US, casting a dark cloud above their expansion.
Monday 29 July 2024
MediaTek to expand Indian automotive chip market
MediaTek is expanding its reach beyond smartphones into the Indian automotive market.
Monday 29 July 2024
Nio unveils 5nm smart-driving chip, SkyOS, AI agent, and AI phone
NIO has taped out its 5nm smart driving chip and developed SkyOS, an operating system for automotive applications, aiming to become a vertically integrated EV brand.
Monday 29 July 2024
Slow EU approval delays Intel and TSMC subsidies under European Chips Act
In March and April 2024, Intel and TSMC received substantial subsidies of US$8.5 billion and US$6.6 billion respectively for building plants in the US under the CHIPS and Science...
Friday 26 July 2024
ST cuts 2024 outlook as industrial and automotive demand slows
After reporting a 25% year-on-year revenue decline in the second quarter, STMicroelectronics has revised its sales outlook for 2024 downward for the second time.