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Tuesday 27 August 2024
CMC navigates local content challenges: Adjusting MG brand operations and delaying new car launch
At the online investor conference on August 26, Ching-wu Chien, vice President of China Motor Corp. (CMC), addressed the company's response to new government regulations mandating...
Monday 26 August 2024
China EV maker's tepid reply to EU proves costly in tariff spat
SAIC Motor Corp.'s harsh treatment by European Union negotiators is becoming a cautionary tale of Chinese companies being ill-equipped to operate in Western business and political...
Monday 26 August 2024
Evalue set to lead Taiwan EV charging market with over 30% share by 2026
Fortune Electric's subsidiary, Evalue, is set to expand its charging pile network across Taiwan, aiming to install 3,700 units by the end of 2026, which could secure over 30% of the...
Thursday 22 August 2024
Xiaomi will swallow EV losses to join Tesla in the big leagues
Xiaomi Corp. is willing to grow its nascent electric vehicle arm at the expense of profits for now, as it angles to join Tesla Inc. and BYD Co. among the world's biggest automakers...
Wednesday 21 August 2024
South Korea's early exports pick up on resilient chip demand
South Korea's early trade data showed exports gaining momentum this month, boosting the outlook for economic growth and suggesting global demand for semiconductors remains resilien...
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
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
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...