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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
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
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.
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.
Tuesday 10 May 2022
SWAP Energi welcomes G20 Summit with its battery-swapping scooters in Bali
Jakarta-based SWAP Energi co-founder Kevin Phang aspired to advance battery-swapping technologies for electric scooters while he was studying abroad. SWAP Energi and its affiliate e-scooter maker and distributor SMOOT have set up 400 battery swapping stations in Greater Jakarta and Bali, Indonesia, the highest among the top e-scooter brands in the country.
Tuesday 10 May 2022
Automotive IDMs enjoy high order visibility
Automotive electronics supplier On Semiconductor (Onsemi) has stopped taking orders for insulated gate bipolar transistors (IGBTs) at its Shenzhen plant, but some orders might be the result of overbooking, according to industry sources.
Monday 9 May 2022
Chinese EV makers warned of delisting from US exchanges
US Securities and Exchange Commission (SEC) last week listed more than 80 Chinese firms in a provisional list of entities that might be delisted if they fail to cooperate with audit regulations. Several Chinese electric vehicle (EV) makers - Nio, Li Auto, and XPeng - have been targetted since April.
Monday 9 May 2022
Dat Bike builds electric motorcycle in Vietnam
Vietnam-based electric two-wheeler maker Dat Bike closed its series A round fundraising led by Jungle Ventures, raising a total of US$10 million since the company was established in 2019, according to Tech Crunch.
Monday 9 May 2022
Carmakers explore sensor options for autonomous vehicles
There is currently a debate on which sensor system will work best for autonomous vehicles among global carmakers, including Tesla that favors a pure visual perception system, industry sources said.
Monday 9 May 2022
India roundup: Tesla's entry into India likely on hold
With India aiming to build itself an EV manufacturing hub, Tesla did not respond to Indian officials' call for making EVs in India, while Toyota decided to align its carbon neutrality plan with the Indian government.
Friday 6 May 2022
ProLogium to adopt predictive simulation to mass produce solid-state battery for EV
ProLogium is ready to produce the world's first batch of high-performance solid-state batteries for electric vehicles (EV) soon. The Gigafactory in Taoyuan, Taiwan is planning to start mass-producing within the next three to four years.
Thursday 5 May 2022
Autonomous vehicles to create massive AI business opportunities
The massive new nodes created inside and outside self-driving cars will bring new business opportunities for AI solutions, and the entire creation process can be seen as a combination of "kitchen wastes" and "indestructible cockroaches," according to Wei-Bin Lee, CEO of Hon Hai Research Institute under the Foxconn Technology Group.
Thursday 5 May 2022
Tata's chip and EV investments in full swing
At a time when India's demands for electric vehicles (EV) and semiconductors are rapidly growing, Tata Group is accelerating its investments to align with Narendra Modi's self-reliant India.
Wednesday 4 May 2022
Darfon sees e-bike order visibility till year-end 2022
Darfon Electronics has obtained orders for electric bicycles (e-bikes) with shipments scheduled until the end of 2022, according to company chairman Andy Su
Tuesday 3 May 2022
SEA roundup: Toyota Thailand receives subsidies for BEV
Toyota Motor Thailand has signed an agreement with Thailand's Excise Department to receive tax incentives and a subsidy for Toyota's battery electric vehicle (BEV) model bZ4X, the Bangkok Post reported on April 29. According to the department, Great Wall Motor Thailand and MG Sales Thailand have also signed such an agreement, which brings BEV taxes down from 8% to 2% until 2026 and provides a subsidy of THB70,000-150,000 to each BEV buyer. Furthermore, import duty on BEV from Japan, South Korea, and Europe will decrease to 20%, 40%, and 40% respectively.
Tuesday 3 May 2022
NIO marks production of 200,000th vehicle
Chinese carmaker NIO has disclosed that its 200,000th mass-produced vehicle rolled off the production line at the JAC-NIO Advanced Manufacturing Center in Hefei last week.