Foxconn has invested in critical EV components and modules, in addition to vehicle manufacturing, to scale its EV venture. Its partner ZF Group, one of the leading automotive suppliers, announced on Wednesday that the two companies had completed the process of forming a joint venture for passenger car chassis systems on April 30.
Hyundai Motor and its affiliate Kia view software as a crucial element of their future development. The pair targets China's fast-growing connected vehicle market and will collaborate with local tech giant Baidu.
Samsung Electronics has been ramping up its power semiconductor development team and is considering expanding its production capacity. This move aims to meet the anticipated surge in demand for power chips driven by the rise of Artificial Intelligence (AI) and Electric Vehicles (EVs).
Flexible printed circuit (FPC) specialist Flexium Interconnect has expressed optimism about demand for automotive applications in the long run, believing the worst has passed.
Hyundai Motor and Kia achieved outstanding financial performance in the first quarter of 2024 while facing challenges such as soft battery EV growth, high interest rates, and geopolitics. Hyundai plans to expand hybrid EV production, which contributed significantly to its sales.
Elon Musk's quick visit to China paid immediate dividends, with Tesla Inc. clearing two key hurdles to introduce its driver-assistance system to the world's biggest auto market.
After getting a jump on competitors in the latest round of China's electric-vehicle price war, BYD Co. now faces a key test of proving that it can withstand the impact on profits.
