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Emerging tech, businesses news coverage
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Tuesday 31 January 2023
Phihong Technology establishes subsidiary for EV charging solutions
Power supply maker Phihong Technology has spun off its business group specialized in developing power charging solutions used for electric vehicles (EVs) as a wholly owned subsidiary,...
Tuesday 31 January 2023
Auto chips retain importance in global IC market in 2023
In 2023, automotive chips will continue to play an important role in global semiconductor trade, but both mainstream automakers and EV startups are making a strategic turnaround due...
Tuesday 31 January 2023
China LiDAR startup plans US listing
Shanghai-based LiDAR startup Hesai Technology is looking to raise an estimated US$150 million via a US IPO, according to industry sources.
Tuesday 31 January 2023
Nissan, Renault reach consensus on alliance restructuring
After a long negotiation, Nissan Motor is finally on an equal footing with Renault in their alliance. The latter has agreed to significantly reduce its stake in the Japanese automaker...
Tuesday 31 January 2023
NXP reported Q4 and 2022 financial results, highlighting performance in the auto sector
Dutch chipmaker NXP Semiconductors reported on January 30 its financial results for the fourth quarter and full year ended December 31, 2022.
Monday 30 January 2023
Appier on ChatGPT: Large model means adjustments are still difficult
Appier believes that ChatGPT, the AI chatbot that has been widely discussed since its launch at the end of November 2022, still has a long way to go for commercial applications. Making...
Monday 30 January 2023
XPeng to roll out five models in 2023; Nio will deliver new-branded vehicles in 2024
Two China-based emerging EV companies, XPeng and Nio, have ambitious plans for the new year. XPeng aims to introduce five vehicle models in 2023. Nio is poised to accelerate the launch...
Monday 30 January 2023
Tesla sees 2024 as 'a major year of 4680 cell production'
Tesla announced on Jan 24 that it is investing US$3.6 billion to expand production facilities and capacity in Nevada, USA. The new factories will be tasked to produce in-house 4680...
Monday 30 January 2023
STMicroelectronics unveiled FY 2022 results, planning US$4.0 billion capex in 2023 to boost capacity
Switzerland-based chipmaker STMicroelectronics (ST) released its fourth-quarter and fiscal 2022 financial results on January 26, 2023.The company reported fourth quarter net revenues...
Monday 30 January 2023
Financial projections for electronic components go in two opposite directions
The smartphone market is shrinking while the demand for automotive and industrial application has increased. These two major trends will determine the FY2022 (2022/04-2023/03) revenue...
Monday 30 January 2023
Onsemi, Volkswagen team up for EV inverters
Onsemi has signed a strategic agreement with German automaker Volkswagen (VW) to provide modules and semiconductors that enable a complete electric vehicle (EV) traction inverter...
Monday 30 January 2023
India EV startup: slowdown insignificant, but subsidies must continue
The recent months have seen much fear about a looming slowdown or recession that could hurt businesses worldwide. Many companies have announced layoffs and plan to cut costs. But...
Monday 30 January 2023
IPL develops robust, cost-efficient, radar- and camera-based fusion sensor box for autonomous driving
Radar-based perception solution for autonomous driving – which has yet to see commercialization by players in the market – is under research & development at the Information...
Friday 27 January 2023
BYD surpasses LGES to become second-largest global maker of EV batteries
China-based BYD has surpassed South Korea-based LG Energy Solution (LGES) to become the globally second-largest maker of power batteries used in electric vehicles (EVs) and PHEVs...
Friday 27 January 2023
China's LFP battery cathode material capacity glut will surface in 2023-2024?
China has been the most aggressive in the world in carrying out capacity expansions for lithium iron phosphate (LFP) batteries. China news media recently warned that an oversupply...