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Monday 16 May 2022
Foxconn marches into global EV market with Lordstown, Fisker
Hon Hai Technology Group (Foxconn) has taken another significant step into the electric vehicle (EV) market by signing a contract manufacturing agreement and a joint venture agreement with Lordstown Motors (LMC).
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Monday 16 May 2022
SEA roundup: SP Group supports Vietnam solar energy development
The Philippines and Cambodia are seeing acceleration of EV market developments, while Vietnam has support from a foreign group to build solar energy capacity.
Monday 16 May 2022
India roundup: Vedanta looking for chip customers
Optimistic about getting approval under India's chip incentive scheme, Vedanta has started to find customers before building its chip plant, while Ather Energy, one of the few electric two-wheeler vendors not caught in recent fire incidents in India, has received India's government funding.
Friday 13 May 2022
Laster 1Q22 operating profit drop sharply
LED automotive lighting module maker Laster Tech has disclosed its first-quarter 2022 operating profit reached NT$6.2 million (US$210,500), decreasing 83.67% sequentially and 85.88% year-on-year.
Friday 13 May 2022
Japan MLCC makers see strong demand from emerging industries
Japan-based multi-layer ceramic capacitor (MLCC) suppliers are seeing robust demand from emerging industries, such as 5G, AIoT, and future vehicles, according to industry sources.
Friday 13 May 2022
Ford makes another U-turn, not to make EVs in India
Less than a year ago, Ford India decided to quit manufacturing in India but later applied for India's incentive scheme to make electric vehicles (EV). Now Ford has made another U-turn, dropping its EV manufacturing plan in India.
Friday 13 May 2022
TDK to build new factory for automotive MLCCs
TDK has announced plans to construct a new factory building at its manufacturing site in Kitakami, Japan's Iwate Prefecture, for automotive MLCCs. Construction of the factory is scheduled to begin at the end of the company's fiscal year (March 2023), and will be completed in June 2024.
Friday 13 May 2022
Foxconn reiterates flat sales outlook for 2Q, 2022
Hon Hai Precision Technology (Foxconn) has reiterated a flat revenue growth outlook for both the second quarter of 2022 and the full year, while order visibility has also strengthened compared to March.
Friday 13 May 2022
Himax expects revenue drop in 2Q22
Display driver IC (DDI) specialist Himax Technologies expects to post a 16-20% sequential decline in second-quarter revenue, with gross margin ranging from 43% to 45%.
Thursday 12 May 2022
Chinese carmakers eyeing overseas markets
Several Chinese carmakers, including XPeng, GAC Group and Leapmotor, shared their experiences on brand upgrading during a recent online forum, highlighting their efforts of catching up with foreign marques' joint ventures in China and expanding global market presence.
Thursday 12 May 2022
Most vehicles today are not developed with cybersecurity in mind, says Cybellum
Electric vehicles (EVs) are at the center of the world's push toward a decarbonized future, and the importance of cybersecurity in the automotive domain is without question.
Thursday 12 May 2022
Tata's future-ready roadmap includes setting up a battery company
Amid the global supply chain shift, digitization and climate change, Tata Group is accelerating its business transformation, including planning to launch a battery company for the global market.
Thursday 12 May 2022
BMW deploys Here Technologies' Real-Time Traffic
German automaker BMW is adopting Here Real-Time Traffic by Here Technologies to support its connected navigation services (CNS) and predictive routing to personalize driver's journeys by analyzing driving patterns.
Thursday 12 May 2022
Lordstown Motors and Foxconn close asset purchase agreement; to form JV for EV development
Lordstown Motors (LMC), a maker of electric light duty trucks focused on the commercial fleet market, has announced that it has closed the sale of its Lordstown facility and signed a contract manufacturing agreement and joint venture agreement for product development with affiliates of Hon Hai Technology Group (Foxconn).
Wednesday 11 May 2022
New technologies considered for smart cockpit application
With future vehicles positioned to offer increasing levels of autonomy and connectivity, a growing number of new technologies are being considered for possible application.
Wednesday 11 May 2022
Indian conditions necessitate developing unique EV charging solutions
India wants to transition to electric vehicles quickly. The government has made its intentions clear with subsidies and incentives, while major car OEMs like Tata Motors are gearing up to launch several new electric vehicles.