The supply chain shortage has not seen any relief in 2021, particularly when it entered the third-quarter traditional electronic peak season. Market demand has increased, but overall production capacity has not.
Following in the footsteps of International IDMs and automakers to promote their SiC components for EVs, China auto and semiconductors makers are also preparing their homegrown SiC chips and modules for EV applications. After the announcement to develop SiC components a few weeks ago, Foxconn continues its investment in EV business with PPT in Thailand to expand its EV supply chains to Southeast Asia. In addition to EV manufacturing, its maintenance service recently has aroused many discussions from different sides, due to the eight-year warrants of early Tesla Model S and Model X being expired soon.
Nine years after the first Tesla Model S was produced, some Tesla owners might be finding the eight-year warrants that came with their early Model S and Model X are expired or about to expire. Although Tesla has released some diagnostic tools to third-party maintenance service providers, after-sale maintenance (AM) providers still see certain limitations to repairing the power system.
Foxconn Electronics and Petroleum Authority of Thailand (PTT), an energy company owned and operated by the Thai government, will establish a joint venture for developing and producing electric vehicles (EVs) in Thailand, with Southeast Asia to be the target market. Foxconn is motivated by the Thai government's efforts to develop an EV ecosystem and policy goal of having EVs take up 50% of locally produced automobiles by 2030.
Energy storage systems make renewable energy controllable, manageable, adjustable, and reduce the problems that may be caused during power delivery, according to senior director Paul Ai for Energy System Solutions Business Unit under Delta Electronics.
Output of LFP (lithium iron phosphate) batteries in China and such batteries installed in electric vehicles (EVs) and hybrid EVs in the China market began to exceed ternary batteries in July 2021 and the situation continued in August, according to China Automotive Power Battery Industry Innovation Alliance.
India-based automotive electrical component maker Lucas TVS has signed with US-based 24M Technologies for licensed use of the SemiSolid technology, which is used for manufacturing lithium-ion batteries. Lucas TVS will set up factories of such batteries across India, according to India-based Economic Times and Business Standard.
Foxconn will start to make SiC components and IR MEMS sensors, used in EVs, at its 6-inch wafer fab in Hsinchu. The company disclosed some Taiwanese companies in Foxconn's supply chains are also involved in this SiC component development. It is worth noting that Hangzhou Semiconductor Wafer has recently closed CNY3.3 billion (US$510 million) in its Series B funding round. The company's future plan to build an additional 12-inch silicon wafer manufacturing capacity might start to change the industry landscape of 12-inch silicon wafers. Taiwan OSATs have all begun to embrace backend orders shifted from Malaysia where was affected by a resurgence of COVID infections.
The penetration rate of new energy vehicles (NEV) in China has beat forecast this year, rising from 5% last year to 14% in August 2021. Although the likelihood is high that the penetration rate of EV in China could grow ahead of schedule to 30-35% by 2023, Chinese carmaker BYD said the future for the industry is still unpredictable, given the market's magnitude and rapid evolution, according to many different Chinese news sources.
Electric power, batteries, and the electronic control module are the three frameworks of electric vehicles (EVs). Having an efficient integration of the three systems is crucial to EV development, according to Andy Lee, president for Foxtron Vehicle Technologies, a new member of the Foxconn Group.
Vietnam-based electric vehicle (EV) maker VinFast has been in strategic cooperation with Taiwan-based lithium ceramic battery (LCB) maker ProLogium Technology specifically for supply of EV-use solid-state LCBs, according to vice president Thuy Le for Vingroup which is the parent company of VinFast.
In light of the rising demand for electric vehicles (EV), car chips, and lithium batteries, Chinese lithium mining companies, and battery suppliers are ramping up investment and expanding production capacity. As shipments of new energy vehicles increase, prices of raw materials for lithium batteries are also on the rise.
Climate change is changing many aspects of our everyday life. Transportation is one of them. Seeing the boom of e-bikes and the opportunities of green mobility, Marcel Yang, Giant Bicycles' special assistant to CEO, mentioned that Giant is creating an economic ecosystem in the cycling industry where all the partners can work closely together. He also shared his experience in driving innovations in this bike manufacturing company.
Tesla's project to build an energy storage facility in Hokkaido could spark an energy revolution in Japan, where development of green energy is lagging as the government scratches its head for a way to reduce carbon emissions without burdening local enterprises.
Taiwan's automotive PCB makers, including Chin-Poon Industrial, Dynamic Electronics, Tripod Technology, and Unitech PCB, have all seen clear order visibility through the fourth quarter or even the year-end, but remain cautious about their sales prospects for the months ahead due to continuous chip shortage and fluctuating pandemic conditions, according to industry sources.
Polarizer maker BenQ Materials will expand production capacity for 3-layer separator film of lithium-ion (Li) batteries through expanding existing capacity at its factory in central China and setting up a factory in central Taiwan, according to company chairman and CEO Chen Chien-chi.
India will become the third largest solar power market at 85,068MW by 2023 as prime minister Narendra Modi has set a series of ambitious goals of increasing renewable energy capacity, according to BloombergNEF (BNEF). However, the fate of India's solar industry is tied with its industrial supply chain.