Electric vehicles have strong potential in the Indian market. But not everyone in the South Asian country is convinced that a market where about 22 out of 1,000 people own a vehicle is ready for the EV revolution yet, according to DIGITIMES' correspondent in India. In India's mobile telecom market, intense price competition has drastically changed its landscape, with the top-3 carriers dominating over 90% of the market. In the semiconductor sector, AMD is expected to be the first adopt TSMC's SoIC technology fot its HPC chips.
The Indian government expects massive adoption of electric vehicles in the country over the next decade. According to NITI Aayog, the country's top think tank, EV sales penetration could reach 70% for commercial cars, 30% for private cars, 40% for buses, and 80% for two- and three-wheelers by 2030.
Lithium price has been on the rise since 2020, bringing production costs of EV batteries higher. Theoretically, prices of battery cells and battery packs will rise by at least 30%, according to GGII. Battery-grade lithium carbonate price has risen 440% since 2020 to CNY175,000-205,000 (US$27,300-32,000) per tonne as of October 13, 2021. Many material suppliers have seen orders extend to 2022.
China's Geely Automobile Holdings is reportedly mulling in-house development and production of chipsets for its own vehicles as it has newly expanded its registered businesses to include IC chips manufacturing as well EV battery and electrical motor production, according to industry sources.
The largest China-based lithium battery maker Contemporary Amperex Technology (CATL) has reportedly planned to set up a battery factory in the US, but the company will face challenges, according to industry sources.
Having been in existence since the 1900s, electric vehicles (EV) are only put under the limelight in recent years as governments vow to cut carbon emissions. Upstream, the EV trend provides a tailwind for Taiwanese suppliers who have long been playing a major role in the global ICT supply chain.
MIH has unveiled its Open EV Software Platform that enables automotive developers to create applications with smartphone-like development experience, in close partnership with Arm, Microsoft and Trend Micro.
Foxconn Technology (Hon Hai Precision Industry) continues to actively promote industry sectors related to electric vehicles (EV) in order to help it achieve its goal of EV output value reaching NT$1 trillion (US$35.9 billion) in five years.
Since moving into the new economic era in the 1990s, India has chosen the information service sector as its core industry. Much of the loans and subsidies from the World Bank have been spent on infrastructure such as satellite communications, which has made software business process outsourcing (BPO) a mainstream business in India. The fundamental industrial structure of BPO has been well developed since the 1990s.
Foxconn has been aggressive in expanding its presence in the EV sector, and it is looking to promote localized EV production in various regions to tap respective markets. Robust orders for HPC chips from AMD and Nvidia are expected to drive sales growth at TSMC in 2022. Quanta Computer's server manufacturing facilities in Taiwan have reached almost full production capacity and will open a new plant in Thailand next year to produce server motherboards.
Foxconn Technology (Hon Hai) is well prepared to leverage its software and semiconductor prowess to turn out more EVs with high performance and intelligence in 2022/2023, and will move to promote localized production in different regions to strengthen sales competitiveness in regional markets, according to company chairman Young-way Liu.
American energy storage system integrator Powin Energy is partnering up with Taiwan's Leader Energy Storage Technologies, making Leader an exclusive agent in Taiwan. By signing a deal with Leader, Powin has become the second one-stop energy storage system supplier in Taiwan after Tesla.
Taiwan-based semiconductor suppliers MediaTek, Novatek, Realtek, Sunplus, ITE Tech, PixArt Imaging, Weltrend, Fitipower, NOVA, and Nuvoton have joined the Foxconn-led EV consortium, MIH, to expand car application businesses.
5G network can help advance smart mobility in the future and Taiwanese suppliers should develop more innovations on Internet of Vehicle (IoV) to have a cut of the smart mobility industry, according to Wu Meng-Fen, the chief consultant at Taiwan Telematics Industry Association (TTIA).
Children in the US and Europe are going to miss a pair of NIKE shoes for Christmas this year as manufacturing activities in Vietnam are lagging due to COVID. Consumer electronics are seeing tight supply as well. Demand for gaming devices soars in Thailand.
Three new EV models, developed by Foxconn Technology under its MIH open platform over the past year, as well as related software and hardware solutions take center stage at the Hon Hai Tech Day 2021 (HHTD21) that opens today, highlighting the pivotal position of EVs in the group's future tech development roadmaps.
The most crucial for electric vehicles (EV) is the external ecosystem, or more precisely the infrastructure which is often closely linked to the government's various supporting measures. India has a FAME-II program, an incentive program aiming to accelerate the spread of eco-friendly vehicles. The program's total budget is INR100 billion (US$1.4 billion), of which 86% will be subsidies for vehicles and 10% for charging facilities.