Since taking over as Foxconn chairman in 2019, Young Liu has steered the company through a series of global challenges, including the pandemic, supply chain disruptions, evolving US-China relations, and geopolitical shifts. Under his leadership, Foxconn has emphasized sustainability alongside financial performance, integrating EPS with ESG principles. These decisions are driving the company's ongoing transformation and positioning it for long-term growth.

China's two major crystalline silicon suppliers for solar cells announced production cuts in response to the current market downturn, where the industry is trying to cope with oversupply, decreasing prices, and fierce competition.

Xing Mobility and Japan's Eneos Corporation signed a strategic partnership memorandum in Tokyo to collaborate on immersion cooling battery systems. The partnership aims to accelerate adoption across diverse markets, leveraging Eneos's energy expertise and Xing's decade-long technical leadership in the field.

Tesla's Shanghai Megafactory in Lingang is on track for completion by the end of 2024, with production anticipated to start in the first quarter of 2025, underscoring the company's commitment to rapid expansion in energy storage manufacturing.

J&V Energy has announced the formal signing of a memorandum of understanding (MOU) with Thailand's ESPRO. The two parties will jointly establish a holding company in Thailand, focusing on the development and operational management of green energy projects in the region.

In the year-end message to Tata Group employees, chairman N Chandrasekaran emphasized the transformative impact of manufacturing on India's economy, buoyed by global supply chain shifts favoring the country.

Taiwan needs to develop medium-scale floating wind projects before embarking on gigawatt-scale developments, according to Eric Kamphues, chairman of Rui Li 1 Floating Offshore Wind project, emphasizing the vital role of demonstration initiatives in the island's renewable energy transition.

LG Energy Solution (LGES) has secured a 7.5 GWh energy storage system (ESS) supply deal with US-based Excelsior Energy Capital, with production and delivery slated to begin in 2026. The agreement underscores LGES’s commitment to expanding its footprint in the ESS market while leveraging its energy storage solutions to manage short-term demand shifts in the electric vehicle (EV) industry.

HD Renewables announced plans on December 23 to establish a green energy investment and asset management platform, "ZEBRE," in partnership with ZEN Energy Group. The venture targets an investment capacity of 1.4GW, with initial acquisitions focused on South Australia's Solar River, a large-scale solar and energy storage project.

While the semiconductor supply chain has driven Taiwan's recent surge in electricity use, a trend expected to continue, the exact power consumption requirements for AI remain uncertain. According to Chih-meng Tsai, VP and spokesperson of Taiwan Power Company (Taipower), the electricity provider has developed three strategies to address this challenge: increasing green energy development, optimizing natural gas consumption efficiency, and building backup power plants.

Singda Marine Structure, a China Steel Corporation subsidiary, faces a potential shutdown after incurring losses of NT$44.2 billion (US$1.4 billion), igniting debates about Taiwan's offshore wind localization policy. The China Steel labor union has urged Taiwan's Ministry of Economic Affairs to assume responsibility rather than leaving the financial burden solely on the company.