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Wednesday 22 May 2024
Huawei's automotive business unit profits in 1Q24
Five years after commencing its automotive ambition, Huawei said the unit has come out of the red. Richard Yu, Huawei's chairman of the smart car solutions business unit, recently said the company's automotive business unit and the smart selection car segment have turned profitable in the first quarter of 2024.
Wednesday 22 May 2024
Japan vows to make 12 million software-defined vehicles by 2030
Japan is trying to catch up with the US and China in the Software-Defined Vehicle (SDV) segment.
Tuesday 21 May 2024
EV rivalry among US, Europe, China stresses top German carmakers
The rivalry among China, Europe, and the US – the world's three largest EV markets – heats up as America and Europe are poised to raise tariffs on Chinese EVs. China has vowed to retaliate. The situation will likely impact Germany-based Volkswagen, BMW, and Mercedes-Benz the most.
Monday 20 May 2024
China's EV makers taking longer to pay bills amid rising stress
The time it's taking for some of China's electric car makers to pay suppliers is ballooning — a further sign of stress in the nation's increasingly cutthroat auto market.
Monday 20 May 2024
EVs, smart driving systems fall victim to price war in China's car market
Price slashing has become increasingly common in China's automobile industry, even as the industry progresses from EVs to smart vehicles.
Monday 20 May 2024
Will EV demand rebound in 2025?
Demand for battery EVs has faced challenges since the second half of 2023. Sales volume has sagged this year, especially in Europe and the US, the world's second and third-largest automotive markets.
Monday 20 May 2024
Mahindra to invest US$1.4 billion in EV business
Mahindra announced a substantial investment in its EV business over the next three years as the company tries to catch up with EV leaders, particularly Tata, in the rapidly growing market in India.
Thursday 16 May 2024
Nio is launching a more affordable brand in direct challenge to Tesla
Nio Inc. is launching a more affordable electric car brand in China in a bid to gain a firmer foothold in the world's most competitive market as Tesla Inc.'s momentum slips.
Thursday 16 May 2024
Samsung reportedly ditches self-driving EV software to focus on robotic intelligence
Following reports of Apple's withdrawal from the development of self-driving electric vehicles, Samsung Electronics is reportedly discontinuing its preliminary research on software algorithms for autonomous vehicles. The company will shift its focus to research and development in robotics due to uncertain commercialization prospects for self-driving technology.
Thursday 16 May 2024
Kymco unveils e-scooter with integrated charging and battery swapping
In a bold move to cater to the evolving energy needs of consumers, Kymco has launched its first electric scooter series featuring the Ionex BMU battery metering module, which integrates both charging and battery swapping capabilities.
Thursday 16 May 2024
Stellantis forms JV with Leapmotor, EU likely to put punitive tariffs on Chinese EVs
European automaker Stellantis has deepened ties with its Chinese partner Leapmotor.
Thursday 16 May 2024
Foxconn, Siemens team up for smart manufacturing
Siemens and Hon Hai Technology Group (Foxconn) have signed a Memorandum of Understanding (MoU) to accelerate digital transformation and sustainability in smart manufacturing systems.
Thursday 16 May 2024
South Korean companies to walk tightrope between US tariffs, China's upcoming retaliation
The US announced 25% to 100% tariff hikes on China-made EVs, batteries, semiconductors and other goods. Although the move does not impact South Korean industries for now, companies must tackle a new round of supply chain disruptions as US-China trade disputes heat up.
Wednesday 15 May 2024
China vows 'resolute measures' after Biden's new tariffs
China blasted the Biden administration's move to increase US tariffs on a wide range of Chinese imports, vowing to take its own action, without giving specifics.
Wednesday 15 May 2024
Foxconn's 1Q24 earnings call: more opportunities for CDMS business model as EV market competition intensifies
Foxconn held its earnings call for the first quarter of 2024 on May 14, during which the focus remained on AI servers and the EV market. By building upon its solid technological expertise, Foxconn hopes that innovative business models can generate more momentum across its various business groups.
Wednesday 15 May 2024
Taiwan pioneers next-gen batteries, ProLogium to produce LCBs for 200 EVs in November 2024
Vincent Yang, CEO and founder of ProLogium, stated that the factory in Zhongli, Taoyuan has entered the customer verification stage, with plans to produce 200 Lithium-Ceramic Batteries (LCBs) for Electric Vehicles (EVs) in November, and aims to produce 1,500 EV LCBs by early 2025.
Wednesday 15 May 2024
NXP, Pegatron team up for smart cockpits
NXP Semiconductors and Pegatron have announced plans to open a joint laboratory and work together on various automotive electronics applications. Their early partnership will concentrate on applications that can be implemented quickly, starting with smart cockpits.
Wednesday 15 May 2024
Chipmakers gearing up for automotive Ethernet boom
The adoption of automotive Ethernet is increasing at a fast pace, which is likely to create significant economic prospects for related chip suppliers, according to industry sources.
Tuesday 14 May 2024
Robocar supplier sues US, disputes alleged Chinese military ties
Hesai Technology Co., a developer of sensor technologies used in self-driving cars, is suing the US Department of Defense for including it on a list of companies accused of aiding China's military.
Tuesday 14 May 2024
Chinese EV giant BYD to unveil plug-in hybrid pickup in Mexico
BYD Co., the leader in electric vehicles in China, plans to debut its first truck in Mexico, next door to the world's largest pickup market.
Monday 13 May 2024
Tesla trimming charging team helps rivals catch up, benefiting Taiwanese suppliers
As Tesla lays off almost its entire team for charging business and slows charging station deployment, its competitors are poised to grow their market share and lure talents who left the company.
Monday 13 May 2024
Indian GaN startup explores global opportunities in telecom and EVs
An Indian startup is commercializing globally significant Gallium Nitride (GaN) semiconductor technology with applications in wireless transmitters and 5G networks.
Monday 13 May 2024
Weekly news roundup: Apple sparks speculation of partnership with EV startup
These are the most-read DIGITIMES Asia stories in the week of May 6 – May 10.
Monday 13 May 2024
Rising Chinese homegrown carmakers offer Global PMX's transforming auto business promising future
China's homegrown car companies attracted the automotive industry's attention at the 2024 Beijing Auto Show last week, while global automakers gathered at the site.
Monday 13 May 2024
India roundup: Lam Research to explore India-based chipmaking tool partners
Lam Research is expanding its investments to help India grow a chipmaking ecosystem. India-based Mindgroove Technologies introduced a RISC-V SoC to meet local demands.
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