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NEWS TAGGED AUTOMOTIVE
Friday 14 February 2025
Walsin subsidiary Silitech enters energy sector with JPY6.75 billion investment in FDK
Silitech Technology, a subsidiary of Walsin Technology, has invested JPY6.75 billion (approx. NT$14.4 billion) to acquire a 45% stake in FDK Corporation, a leading Japanese maker...
Friday 14 February 2025
Foxconn-Nissan partnership prospects stir Taiwan's auto industry
After Nissan and Honda ended their merger talks, Foxconn expressed interest in a collaborative partnership with Nissan, rather than an outright acquisition. This announcement has...
Friday 14 February 2025
Foxconn's CDMS offer to Nissan: A partnership, not a takeover
Following the breakdown of merger talks between Nissan and Honda, the chairman of Taiwan's Foxconn, Young Liu, stated on February 12, 2025, that the company's goal is cooperation...
Friday 14 February 2025
Europe's industrial and automotive recovery stalls another quarter as two key roadblocks hold firm
Europe's industrial control and automotive sectors remain sluggish, with weak demand and excess inventory likely delaying recovery until the second quarter of 2025, according to IDMs...
Friday 14 February 2025
Excellence Opto builds Mexico plant to navigate tariff risks
Excellence Optronics Inc (EOI) has begun constructing a new automotive LED module factory in Querétaro, Mexico. This expansion strengthens EOI's global supply chain, with the...
Friday 14 February 2025
Taiwan's auto market sees stable growth, driven by EVs and luxury models
Taiwan's automotive market has entered a stable growth phase, with electric vehicles (EVs) and high-end models showing the most significant expansion. The global momentum for new...
Thursday 13 February 2025
Honda and Nissan scrap US$60 billion merger plans amid restructuring clash
Honda and Nissan have officially called off their merger negotiations, which began in December 2024. Both companies held board meetings on February 13, 2025, where they decided to...
Thursday 13 February 2025
Tsang Yow, unfazed by US tariffs, continues dual approach of transmission systems and semiconductors
Transmission system specialist Tsang Yow has continued to maintain close partnerships with established carmakers, Tier 1 component suppliers, and after-market (AM) service suppliers...
Thursday 13 February 2025
Novatek projects broad 1Q24 rebound, but automotive demand lags
Novatek Microelectronics, Taiwan's leading display driver IC (DDI) maker, reported a fourth-quarter 2024 revenue of NT$25.263 billion (US$768 million), marking a 9.34% sequential...
Wednesday 12 February 2025
SMIC eyes automotive sector growth to counter rising competition and pressures in China's chip market
In its latest earnings call, China's leading pure-play foundry, SMIC, acknowledged an increase in domestic competition, resulting in a growing supply even as demand begins to recover...
Wednesday 12 February 2025
USI 2024: automotive and cloud growth fails to offset profit slump
Universal Scientific Industrial's (USI) full-year performance reveals steady revenue but deteriorating profitability in 2024. While revenue met market expectations, net profit fell...
Wednesday 12 February 2025
China's automotive ambitions drive merger of state-owned giants
Two of China's largest state-owned automotive enterprises have announced plans for a strategic reorganization. Dongfeng Motor Corporation and Changan Automobile (Changan), both under...
Wednesday 12 February 2025
CWE enjoys robust demand for advanced packaging with order visibility until 2026
Chang Wah Electromaterials (CWE), a leading Taiwan-based semiconductor materials distributor, is witnessing a buoyant period driven by strong demand for advanced packaging. This demand...
Tuesday 11 February 2025
Geely introduces DeepSeek model, ushering in significant upgrades for future vehicles
Geely Auto (Geely) recently introduced the DeepSeek large language model, set to enable significant leaps in human-machine interface (HMI) upgrades for its vehicles in the future...
Tuesday 11 February 2025
China auto merger creates world's fifth-largest automaker, poised to upend BYD dominance
Chinese automotive manufacturers Changan Automobile and Dongfeng Automobile are reportedly planning to merge, aiming to enhance their global competitiveness by combining resources...