EVs are on track to gain momentum in the coming years. In 2023, a price war intensified the industry's competition. Geopolitics facilitated the localization of production. Multiple...
Several carmakers have decided to bear the cost of EV incentives after the German government terminated the program. Tesla, Volkswagen, Stellantis, Mercedes-Benz, and Audi all said...
Huang Sheng-Chang, CFO of Hiroca Holdings, an automotive interior parts manufacturer, mentioned in the firm's online earnings call on December 19 that BYD has accredited Hirosawa,...
As Taiwan-based Gogoro and India-based Belrise Industries cannot reach an agreement regarding their joint venture, Belrise decided to leave, and Gogoro will go solo and continue with...
Nippon Steel Corporation, one of the world's largest steel makers, said on December 18 that it would buy the United States Steel Corporation for about US$14.9 billion. The purchase...
China-based Nio announced on December 18 that it has entered a share subscription agreement with Abu Dhabi-based CYVN Holdings. CYVN plans to invest US$2.2 billion in the EV maker,...
Some automakers and suppliers have been cautious about the EV market in 2024. Singapore-headquartered company Patec said the industry should monitor the global car market by region...
Japan-based Nissan Motor plans to use China-made EVs to help it gain traction in the global EV market. The automaker has also deepened its collaboration with China's Tsinghua University...
Europe's largest car-producing country has unexpectedly terminated its EV subsidy program. Germany has paid about EUR10 billion (US$10.9 billion) to encourage EV adoption. The move...
Tsung-Wei Huang, chairman of notebook battery module manufacturer C-Tech, pointed out that with the notebook battery module market becoming too mature and the trend of customers relocating...
Apple suppliers continue investments in India's southern states of Karnataka and Tamil Nadu. Taiwan-based PC and E2W vendors are expanding their manufacturing efforts in India.
China-based EV company Zeekr unveiled a self-developed battery on December 14. Zeekr said the LFP battery can provide a driving range of 500 kilometers with a 15-minute charge.
Volkswagen AG's software unit Cariad has agreed to cut 20% of its internal development costs annually until 2028 as it attempts to avoid forced layoffs in a major restructuring prescribed...
Europe sees Asia-made EVs as more of a burden on the environment because of the long transport distance. According to the French government's announcement on December 14, three popular...
