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Friday 28 March 2025
From earbuds to energy: SYNergy powers into mid-size battery market, eyes solid-state by 2025
Taiwan's SYNergy ScienTech is expanding beyond small-format battery cells to enter the mid-to-large battery market, targeting applications above 700mAh. President Colin Hsieh said the company will debut new battery solutions at COMPUTEX and plans to unveil a solid-state battery prototype by the end of 2025.
Friday 28 March 2025
LG Energy Solution to supply 1GWh of ESS batteries for Poland's clean energy transition
LG Energy Solution (LGES) has signed a battery supply deal with Polish utility Polska Grupa Energetyczna (PGE) to deliver lithium iron phosphate (LFP) batteries for a 1GWh energy storage system (ESS) project in northern Poland. Scheduled to go online in 2027, the facility is designed to boost renewable energy integration and stabilize the local power grid.
Thursday 27 March 2025
Gogoro downplays differences with allied electric scooter makers over component purchases
Gogoro plays a key role in Taiwan's electric scooter market, with its PBGN (Powered by Gogoro Network) alliance allowing many scooter makers to transition from fuel to electric power. However, as electric scooter technology matures, some PBGN members reportedly have been asking Gogoro to ease control on component purchases.
Tuesday 25 March 2025
BYD sales top Tesla as tech focus wins over Chinese drivers
BYD Co's sales last year surpassed the US$100 billion mark, leapfrogging Elon Musk's Tesla Inc on revenue, as the Chinese auto giant wows consumers with a range of electric and hybrid cars packed with high-tech features.
Tuesday 25 March 2025
Hyundai commits US$21B to boost US production, supply chain, and future mobility
Hyundai Motor Group is making a bold US$21 billion bet on the US economy between 2025 and 2028, targeting key B2B sectors across manufacturing, supply chain logistics, steel production, and next-gen mobility technologies.
Tuesday 25 March 2025
European Commission probes Chinese subsidies behind BYD's US$4.3B Hungary EV plant
The European Commission has opened a preliminary investigation into whether Chinese electric vehicle (EV) giant BYD received unfair government subsidies for its planned factory in Hungary—highlighting rising trade and political tensions between Brussels and Beijing.
Monday 24 March 2025
Japanese automakers at a crossroads: How Foxconn could drive EV transformation
For many years, Japanese automotive brands have dominated the global market, each possessing relatively complete ecosystems. However, revolutionary new technologies are subtly changing these ecosystems.
Monday 24 March 2025
EV charging station firms face profitability hurdles despite expansion efforts
Innmax Technology and Startrust, jointly exhibiting at the 2025 Smart City Summit and Expo (SCSE) in Taiwan and focusing on integrating charging station services and energy management systems, are working with Delta Electronics on electric vehicle (EV) charging stations. New projects will be built in Taoyuan and Tainan, Taiwan, this year.
Friday 21 March 2025
India's PLI scheme falls short of targets, prompting shift to factory subsidies
Since 2019, the Indian government has implemented the Production Linked Incentive (PLI) scheme for 14 industries to attract foreign investment in local manufacturing. Although it has positioned India as a key player in smartphone production, its benefits for other sectors are limited. As a result, India may explore offering subsidies for factory construction instead of linking incentives to production and investment levels.
Friday 21 March 2025
SK On lands battery deal with Nissan, enters Japan's auto supply chain
According to Hankyung Business and the Korea Economic Daily, SK On will supply Nissan with electric vehicle batteries, marking its first deal with a Japanese automaker. South Korean media reports indicate that the agreement involves providing 99.4GWh of batteries from 2028 to 2033, enough to power one million mid-sized electric vehicles.
Thursday 20 March 2025
Toyota-Honda alliance evolves as Trump tariffs pressure auto market
With US President Donald Trump's tariffs reshaping the auto industry, Japanese carmakers are taking a low-profile yet strategic approach—expanding investments in the US market. However, tariffs complicate cross-border supply chains, and setting up new manufacturing facilities is a slow-moving solution.
Thursday 20 March 2025
China to further tighten export curbs on battery, chip material tech, escalating US trade spat
China is reinforcing its grip on key minerals and battery technologies as tensions with the US escalate over tech trade policies. Fortune reports that China dominates the processing of gallium and lithium, essential elements in semiconductors and electric vehicle (EV) batteries. Leading Chinese firms such as CATL, a major supplier to global automakers, have become critical players in the industry.
Thursday 20 March 2025
Acer ITS charges into Thailand, powers up Taiwan's entertainment machines
Acer ITS is expanding into Taiwan's entertainment machine market, including Pokemon and claw machines, leveraging its expertise in hardware and software integration from public transportation systems. President Kenny Yu highlighted plans to grow internationally, with a memorandum of understanding already signed with Thailand for charging stations.
Wednesday 19 March 2025
CATL joins forces with NIO to supercharge China's EV battery-swapping network
CATL, the world's largest electric vehicle (EV) battery manufacturer, has agreed to invest up to CNY2.5 billion (approx. US$345.5 million) in collaboration with NIO to expand China's battery-swapping infrastructure.
Wednesday 19 March 2025
Sunwoda invests US$1 billion to build Thailand's first EV battery plant
Thailand has approved a more than US$1 billion investment by Sunwoda Electronic to build an electric vehicle (EV) battery plant in the country, marking Sunwoda as the first EV battery manufacturer in Thailand.
Tuesday 18 March 2025
BYD unveils EV battery system that charges in five minutes
BYD unveiled a new system for electric cars that the Chinese automaker says will allow them to charge almost as fast as it takes a regular car to refuel.
Tuesday 18 March 2025
Buima turns to green energy, cost reduction in transition efforts
Construction material maker Buima saw its gross margin reach 14.56% in 2024, boosted by solid shipments of battery module products and a marked increase in exports of metal construction materials, yet heightened competition in the wall panel market in China led to an overall loss for the year. Going forward, the company hopes to see more positive operations from cost reduction strategies and green products.
Tuesday 18 March 2025
Samsung SDI to raise US$1.38 billion for Hungarian plant expansion and solid-state battery investment
Samsung SDI, a subsidiary of Samsung Electronics, has announced plans to conduct a paid capital increase of KRW2 trillion (US$1.38 billion) to expand its Hungarian factory and invest in solid-state battery technology. The paid capital increase, a process where a company issues new shares to raise funds for strategic investments, will enable Samsung SDI to finance its ambitious expansion plans.
Monday 17 March 2025
Formosa Smart Energy unveils Taiwan's largest battery cell plant, eyes Southeast Asian expansion
Formosa Smart underscores its ambitions to position Taiwan as a regional battery hub. Chairman Sandy Wang called the facility Taiwan's largest battery cell factory, with plans to scale capacity beyond 10 gigawatts to meet growing demand across Southeast Asia.
Monday 17 March 2025
China targets US lithium battery production with strategic countermeasures
Since President Trump took office, China has come to view the US with increasing skepticism, prompting the Chinese government to implement several countermeasures in response to perceived US hostility.
Monday 17 March 2025
Europe's EV battery dreams shattered: Northvolt's collapse amid rising Chinese competition
Northvolt, once touted as Europe's best bet to challenge Asia's grip on the EV battery market, has filed for bankruptcy in Sweden after failing to secure fresh funding. A court-appointed trustee will now oversee the sale of its assets and subsidiaries.
Monday 17 March 2025
Gogoro vs Kymco: Top electric scooter brands battle with new models and pricing plans
Taiwan's electric scooter market has seen intensified competition in the first quarter of 2025, with leading players Gogoro and KYMCO once again going head-to-head with new product launches and innovative battery service pricing plans.
Monday 17 March 2025
Liquid-cooled ultrafast chargers to become new star of cutting EV down time, says DIGITIMES
As the global electric vehicle (EV) market grows, key regions such as China, Europe, and the US face challenges due to high EV-per-charger ratios in direct current (DC) charging infrastructure since the imbalance has led to longer waiting times for EV owners, according to DIGITIMES' latest finding in its latest report, which added that the introduction of liquid-cooled ultrafast charging systems appears to have emerged as an optimal solution for high-power charging to address charging anxiety.
Monday 17 March 2025
US targets Chinese lithium battery manufacturers with tariffs and bans as domestic production ramps up
At the beginning of 2025, the US Department of Defense blacklisted China's lithium battery leader, Contemporary Amperex Technology (CATL), followed by US President Donald Trump imposing a 20% tariff on Chinese products, including lithium batteries. Recently, the US further prevented the US Department of Homeland Security from purchasing batteries manufactured by Chinese companies.
Saturday 15 March 2025
AI boom fuels record sales for Southern Taiwan Science Park in 2024
The Southern Taiwan Science Park (STSP) has reported record-high sales of NT$2.21 trillion (approx. US$67.05 billion) for 2024, rising 39.55% year-over-year, with strong momentum coming from AI-driven demand for semiconductors and other applications.