A chip shortage arising from the COVID-19 pandemic has slammed global carmakers, forcing them to seek solutions at the same time. As a result, some companies have considered or started...
Carmakers are raising car prices as supply of batteries and semiconductors falls short and demand for EV causes "carflation." South Korea's battery prices are rising for the first...
South Korean carmaker Hyundai is investing INR400 billion (US$530 million) in EV R&D in India and planning to launch six new electric cars by 2028, ranging from entry-level models...
Hyundai is investing US$530 million in brining more EVs to India, while local EV startup Ola has raised US$139 million in funding with loss narrowed for fiscal 2021.
A total of nine automakers in South Korea have been named among the world's 100 major auto parts suppliers in sales in 2020, based on an analysis of data compiled by Automotive...
Infineon Technologies has disclosed it has signed a memorandum of understanding with Hyundai Motor Group where Infineon will support startups with product level technical expertise...
The global shortage of automotive ICs is likely to last beyond next year until 2023 or even 2024, and automakers worldwide are trying all possible means to counter, according to industry...
Indonesia is poised to become the top electric vehicle (EV) battery supply base among all Southeast Asian countries, thanks to abundant mineral reserves and incoming foreign investment...
After being hit hard by the resurgence of COVID this year, Vietnam is gradually resuming manufacturing and social activities. Other countries in the region are expecting higher smartphone...
Apple has stepped up its chip purchases for the upcoming iPhones, while first-tier automotive component vendors in the supply chains of carmakers in Japan are also vying for more...
South Korea became the third largest origin country in terms of direct foreign investment (DFI) in Indonesia in first-quarter 2021, during which Hyundai Motor began construction of...
Hyundai Motor and Uber have announced a new partnership to develop Uber Air Taxis for a future aerial ride share network and unveiled a new full-scale aircraft concept at the CES...
Automotive diode specialist Actron Technology is looking to further expand its share of the global auto alternator diode market to 65% over the next three years from the current 53%,...
