Japan-based electric motor manufacturer Nidec is reducing its products for the Chinese EV sector and planning to increase its sales of electric motors for industrial machinery in the US. Both measures aim to improve Nidec's profit. Its net income will likely hit JPY165 billion (US$1.06 billion) in fiscal 2024, which ends in March 2025.
The Chinese car market has gained worldwide traction because of EVs. Homegrown automakers seize the opportunity to scale inside and outside China. The country has put many resources and effort into the EV sector, drawing criticism and doubts.
Supreme Electronics, an IC distributor specializing in memory chips, is targeting the Indian and Southeast Asian markets for electric scooter demand opportunities.
Tesla Inc. Chief Executive Officer Elon Musk couldn't have been more clear in his message to investors: Tesla is now an artificial intelligence company.
China has greenlit a US listing by autonomous driving startup Pony.ai, raising the potential for an increase in Chinese tech initial public offerings in New York after a more than two-year hiatus.
As more EV models are available and prices decrease, EV sales have grown notably in recent years. However, the growth rate will slow in 2024, making one wonder whether the "golden cross" between EV and Internal Combustion Engine vehicle (ICE) sales will arrive on time.
Tesla Inc.'s weekend move to slash prices across its range in China risks triggering a new round in the nation's bruising price war, with Li Auto Inc. immediately responding with discounts and cash rebates on new models.
Texas Instruments (TI) is showcasing an array of new automotive technologies at this year's E-Mobility Taiwan trade show, including Battery Management Systems (BMS), radars, charging modules, Advanced Driver Assistance Systems (ADAS), and zone control design concepts.
Facing challenges like being outsold by BYD in New Energy Vehicle (NEV) sales and significant layoffs, Tesla has now been overtaken by another Chinese competitor in the Chinese market in the first quarter, according to recent data.
Foxconn chairman Young Liu notes that current headwinds in the global electric vehicle (EV) market have been long expected, although turmoil has come earlier than predicted; however, this will not be a significant obstacle in Foxconn's business model.
NXP, one of the world's top five automotive chip IDMs, recently launched the S32 CoreRide open platform for software-defined vehicles (SDV). Supply chain sources said software companies that join the platform account for 70% to 80% of the global automotive firmware and middleware market, which is the product's highlight.
As Artificial Intelligence (AI) applications continue to materialize, there is an increasing demand for rugged computing products. This has enabled numerous Industrial PC (IPC) makers, such as Winmate, Neousys Technology, Ubiqconn Technology, and Vecow to capitalize on the rising trend of edge computing and mobility.
Citing costs and productivity, Tesla informed its employees on April 15 that it plans to cut 10% of its workforce worldwide. The news came after Tesla reported a decreased delivery for the first quarter of 2024 amid soft EV demand.
Taiwan-headquartered nFore has captured the attention of European and US automakers, with some visiting the company's site in private. The traction gained as carmakers found a significant portion of nFore's Digital Signal Processing (DSP) solutions when tearing down competitors' Telematics-Box (T-Box) and analyzing their software.
Elon Musk is scheduled to visit India and meet with Indian Prime Minister Narendra Modi. Global IC design houses speeded up investments in India by setting up global capability centers.
India's southern state of Tamil Nadu will aggressively pitch itself as a manufacturing site for Tesla Inc. as speculation builds about the US company's planned investments ahead of billionaire Elon Musk's visit.
Foxtron Vehicle Technologies, a Hon Hai (Foxconn) subsidiary, held its groundbreaking ceremony for its new electric bus factory at the Ciaotou Science and Technology Park on April 11.
Volkswagen committed to a new investment in China. The carmaker said on April 11 that it will invest EUR2.5 billion (US$2.67 billion) in its Hefei site to facilitate innovation and the production of two EVs it is developing with Xpeng.
