In a challenging global environment that has dampened growth across the electric vehicle (EV) industry, Solteam held its investor briefing on August 13, 2025, revealing a robust 38% year-over-year increase in revenue from its new energy vehicle (NEV) division in the first half of 2025.

For years, the biggest perceived roadblocks to widespread electric vehicle (EV) adoption were clear: prohibitive sticker prices, range anxiety, and too few public chargers. But as the global EV market grows, one of those long-held assumptions is being turned on its head.

As Western automakers wrestle with supply chain bottlenecks and regulatory shifts, China's electric vehicle (EV) manufacturers are rapidly carving out a dominant position on the global stage—powered by technology, pricing, and increasingly, strategy.

Taiwan-based microcontroller supplier Nuvoton Technology warned on August 5 that global auto market dynamics remain volatile, with the impact of China's low-cost electric vehicles (EVs) rippling far beyond its borders and reshaping global supply chains.

Since early 2025, Taiwan's real estate and auto markets have been sluggish, with car sales in a prolonged downturn. Though the government once set ambitious electric vehicle (EV) adoption targets under its 2050 net-zero carbon roadmap—including EVs accounting for 10% of all new car sales and 20% of motorcycles by 2025—those goals have since been quietly softened. As of 2024, Taiwan has fallen significantly short: EVs represented just 8.3% of new car sales and electric scooters 10.5%.