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Monday 4 December 2023
Japanese battery material companies diversifying suppliers as China tightens exports
China has imposed stricter export controls on graphite, a critical EV battery material, since December 1. Many Japan-based companies relying on China's raw materials have been diversifying...
Monday 4 December 2023
US' China-targeted battery rules likely to slow EV adoption
The US government released guidance on EV batteries and materials sourcing, mainly targeting China. Starting in 2024 and 2025, EVs will not be eligible for tax credits provided by...
Monday 4 December 2023
No, Porsche doesn't part ways with Apple while embracing Google's built-in
Volkswagen Group has accelerated collaboration between its brands and third-party software developers. One of the cases was Porsche announced at the end of October that it will adopt...
Friday 1 December 2023
Tesla Cybertruck comes at higher-than-expected starting price; delivery begins in 2024
Tesla officially launched the long-waited Cybertruck on November 30, with three configurations available. The cheapest rear-wheel model has a price tag of US$60,990, over 50% more...
Friday 1 December 2023
Nio adds Geely as battery-swapping ecosystem partner
China-based EV company Nio secured a partnership with another traditional carmaker in China. Nio signed a strategic cooperation agreement with Geely Holding on November 29 for battery...
Thursday 30 November 2023
BMW, Mercedes to set up joint EV charging network in China
BMW AG and Mercedes-Benz Group AG will cooperate on a fast-charging network for EVs in China with a plan to open at least 1,000 stations by 2026, a move that will still leave the...
Thursday 30 November 2023
Research Insight: order backlog, China demand to drive Infineon automotive segment in FY24
While carmakers and automotive semiconductor companies hold different views on the outlook for the global car market, industry leader Infineon is optimistic about the future. According...
Thursday 30 November 2023
BYD secures significant victory in Singapore's largest electric bus contract
The Land Transport Authority (LTA) in Singapore recently announced that it will grow the country's electric bus fleet. The agency plans to spend SGD221.5 million (US$166 million)...
Wednesday 29 November 2023
Shifting gears: dynamics of investment in EV production and supply chains in the global automotive landscape
Supply chain experts note a deceleration in major carmakers' investments in electric vehicle (EV) self-production projects. This shift is attributed not only to considerations of...
Wednesday 29 November 2023
Toyota and affiliates to sell 10% Denso stakes as the carmaker ramps up EVs
Toyota Motor and its two affiliates, Toyota Industries and Aisin plan to sell 10% of their stakes in Denso, the world's second-largest tier-1 automotive supplier. The move likely...
Wednesday 29 November 2023
Nichidenbo sees recovery for 2Q24 with EVs and AI servers driving demand for capacitors
As 5G, AI, and EVs continue to drive demand for passive components, multilayer ceramic capacitor (MLCC) manufacturers see growing opportunities for high-capacity and small-sized products,...
Wednesday 29 November 2023
Hyundai will suspend Asan plant to prepare for Ioniq 7 mass production
Hyundai Motor is gearing up for the mass production of Ioniq 7 to scale its EV business. The company plans to suspend operations at its Asan plant in South Korea for two months to...
Tuesday 28 November 2023
Europe relies on lithium battery imports; auto part export surplus may reverse
Industry sources indicated that Europe's heavy dependence on imported lithium batteries could lead to a reversal of the current surplus in car component exports.
Tuesday 28 November 2023
Li Auto recruiting talents in Singapore to accelerate SiC development
Chinese EV maker Li Auto has strengthened its capabilities in chip development and is starting to hunt international talents. Media reported that the company is establishing a team...
Tuesday 28 November 2023
Foxconn invests US$1.5 billion in India to expand manufacturing
Foxconn announced a fresh investment in India to build manufacturing facilities amid its ongoing diversification efforts out of China and forays into more areas, including semicond...