In the past two years, China's independent car brands have gained dominance in the Chinese automobile market, thanks to the rapidly rising popularity of new energy vehicles. Chinese independent brands are still expecting an increase in sales for 2025, but the outlook of China's new energy vehicle sector may not be as promising as they expect.
Nissan Motor plans to cut approximately 9,000 jobs worldwide as part of a major restructuring effort, according to reports from Kyodo and Nikkei Asia. More than 70% of the layoffs—around 6,700 positions—will impact production staff, while the remaining cuts will affect administrative roles. The job reductions are part of Nissan's strategy to scale down global production capacity by 20% by the end of fiscal 2026, which runs from April 2026 to March 2027.
Taiwan-based Global PMX, a major manufacturer of automotive powertrain and safety components, has successfully expanded its presence in AI-powered digital healthcare and other sectors while maintaining steady growth in the traditional automotive industry.
The European Union (EU) has raised carbon emission standards to 93.6g/km starting in 2025, leading to penalties that could reach EUR15 billion (US$15.6 billion), according to the European Automobile Manufacturers' Association (ACEA). Despite multiple communications with the European Commission yielding no results, manufacturers are now uniting to pressure the Commission for an early revision of this regulation.
On his first day back in the White House, President Donald Trump issued a series of orders, notably revoking electric vehicle (EV) subsidies and vowing to revive the glory of the American automotive industry.
Texas Instruments (TI)'s latest financial results for the fourth quarter show a nuanced performance, with overall revenue slightly declining yet exceeding market forecasts, indicating the weak automotive and industrial markets.
According to a report by Fortune Business Insights, the global automotive aftermarket (AM) market reached US$418.95 billion in 2023 and is projected to grow at a compound annual growth rate (CAGR) of 3.5%, reaching US$568.19 billion by 2025. North America continues to dominate as the largest market and a key focus for many Taiwanese companies.
As Donald Trump takes office with his "America First" agenda, South Korea's electronics and automotive industries are closely monitoring potential shifts in global trade policies. A major concern is the proposed 25% tariff on imports from Mexico and Canada, which could pose significant challenges for South Korean companies with manufacturing operations in Mexico.
Taiwan's Ministry of Economic Affairs (MOEA) has indicated that US President Donald Trump's most significant tariff policies are still pending announcement. A recent MOEA survey on Taiwanese manufacturers' export strategies revealed that only 8.9% have taken proactive measures to address potential US protectionist policies, while the majority maintain an observing stance.
Chinese automobiles have consecutively secured the title of the world's largest automobile exporter in 2023 and 2024. Despite being impacted by the trade war surrounding battery electric vehicles (BEVs), Chinese manufacturers have adeptly adjusted their product mix, replacing BEVs with plug-in hybrid electric vehicles (PHEVs), which have achieved an impressive year-over-year export growth rate of nearly 200%.
Xiaomi recently announced that the Xiaomi SU7 had surpassed the Tesla Model 3 in terms of vehicle deliveries in December 2024, thereby achieving a position among the top 5 in China's electric vehicle (EV) sedan sales list. This announcement was a challenge to Tesla. Previously, BYD's statistics indicated that its production of pure electric vehicles (BEV) had surpassed Tesla for the first time.
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