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Monday 25 December 2023
BYD confirms plan to build EV production base in Hungary
Chinese automotive giant BYD announced that it will construct an EV production plant in Hungary. As the company continues to experience overseas sales increase, the project is expected...
Monday 25 December 2023
Slower EV growth expected to impact South Korean battery material suppliers' financial performance
South Korea-based battery material companies like EcoProBM, Posco Future M, and L&F will likely see their profitability weaken as EV market growth decelerates and battery raw...
Friday 22 December 2023
Tesla acquires land for Shanghai megapack battery factory
Tesla Inc. has acquired land to build its Shanghai Megapack factory that will have capacity to produce 10,000 battery packs a year, according to a company representative, paving the...
Friday 22 December 2023
Taiwan-based ICT firm reportedly earns roadshow tickets from a European car maker
Sources in the electronics market indicated that one of the leading Taiwan-based electronics manufacturers has earned tickets to the roadshow of a major European automotive manufacturer...
Friday 22 December 2023
Hyundai Motor will halt two South Korean parts factories amid EV push
Hyundai Motor continues to review its assets in the transition to EVs. The automaker plans to stop operations at its two engine parts plants in South Korea and is considering outsourcing...
Friday 22 December 2023
Suppliers say delivery time and emission reduction goals pressure carmakers to misbehave
A recent third-party panel investigation revealed more misconduct at Daihatsu Motor, affecting Toyota, Mazda, and Subaru vehicle models. Hotai Motor, Toyota's exclusive distributor...
Friday 22 December 2023
China imposes export control on rare earth processing technologies
Shortly after the US government tightened its restrictions on Chinese entities, China appeared to retaliate by limiting the export of technology related to rare earth elements. This...
Thursday 21 December 2023
Panasonic terminates Oklahoma battery project while keeps considering expansion in NA
Panasonic Energy, Panasonic's battery arm, announced on December 20 that it will no longer pursue a plan to build a battery factory in Oklahoma, USA. Although not specifying the reason,...
Thursday 21 December 2023
Japanese carmakers likely to grow Chinese market share in 2H24
Hiroca Holdings, a Taiwan-headquartered automotive interior parts supplier, used to supply a large portion of its products made in China to Japanese carmakers. With the automotive...
Thursday 21 December 2023
Xiaomi fires three employees ahead of new car debut
Xiaomi's top management recently fired three employees for "leaking confidential vehicle information," which has generated skepticism in the market and cast a shadow over the introduction...
Thursday 21 December 2023
Automotive DDI competition intensifies
Alongside the intensifying competition for electric vehicles (EV) in China, the market for automotive display driver ICs (DDI) is becoming more competitive, according to industry...
Wednesday 20 December 2023
Toyota vows reform after affiliate caught in safety scandal
Toyota Motor Corp. pledged "fundamental reform" after subsidiary Daihatsu Motor Co. was forced to suspend all shipments — and now faces a government raid of its offices —...
Wednesday 20 December 2023
Tesla charging connector attracts 28 automakers as Volkswagen joins the crowd
Tesla's North American Charging Standard (NACS) has won over most leading carmakers after the Volkswagen group said several of its brands will adopt the charging connector in North...
Wednesday 20 December 2023
China-based Neta, LK Technology to develop 20,000+ ton die-casting machine
Carmakers have been pursuing more advanced production methods as automotive electrification continues. Chinese EV brand Neta announced that it will start developing a die-casting...
Wednesday 20 December 2023
Shifting tides: the challenges reshaping solar and EV industries in the West
The future appeared bright for solar energy (PV) and electric vehicles (EV) over the past few years. However, unexpected market developments have triggered concerns among supply chains...