Friday 18 August 2023
Drivers in China probably take responsibility first in accidents caused by autonomous vehicles
China has been aggressively developing level 3 vehicle autonomy in recent years. According to local media reports, the country has formed a shared opinion that the driver of an L3 autonomous car will claim responsibility first under any circumstances in an accident caused by their vehicle. The consensus will likely be applied to accidents caused by vehicles with L4 and L5 autonomy in the future.
Wednesday 23 August 2023
China extends EV tax incentives through 2027 to boost lagging demand
In June 2023, the Chinese government introduced two notable policies targeting the EV sector. One policy involves EV tax breaks, while the other entails the expansion of the new energy vehicle (NEV) promotion initiative in rural areas. As observed by DIGITIMES Research analyst Jessie Lin, these policies yield several advantages, including a sustained boost in market demand, amplified investments by Chinese carmakers in the EV domain, and the advantageous preservation of China's prominent position within the EV industry.
Tuesday 22 August 2023
Kymco sets up two-wheel EV joint venture with Arun Plus
To expand the market for electric two-wheelers abroad, Taiwanese motorcycle brand Kymco and Kymco Capital have partnered with Arun Plus, a wholly-owned subsidiary of Thailand's state-owned petrol company, PTT, to establish a new joint venture. This new entity, with a capital of THB600 million (about US$17.05 million), will be responsible for building the two-wheel EV industry and supply chain in Thailand.
Monday 21 August 2023
India roundup: Foxconn speeds up Indian expansion
Over the past week, a series of developments and rumors regarding Foxconn's investments in India have occurred. Global PC and notebook manufacturers are closely watching if India will recosider implementing its import restrictions on computers.
Friday 18 August 2023
SK On makes battery material investment in Canada, expanding battery production on home turf
South Korea-based battery manufacturer SK On is accelerating expansion. The company will invest in a new battery material plant in Quebec, Canada, with Ford. It also plans to build another battery manufacturing facility in South Korea.
Thursday 17 August 2023
Nio to produce own autonomous driving chips in 1-2 years, says company executive
Chinese automaker Nio will be able to mass produce its in-house developed autonomous driving (AD) processors within one to two years, according to company hardware Vice President Bai Jian.
Wednesday 16 August 2023
Pioneering hydrogen-powered planes nearing zero-emission flight readiness
The worldwide push for carbon reduction has taken center stage, compelling the transportation sector to explore alternative renewable energy options. However, achieving carbon reduction within aviation poses notable challenges.
Wednesday 16 August 2023
Chinese carmakers say BYD chairman's "crocodile tears" did not move them
BYD just reached the five million vehicle production milestone. Chairman and president Wang Chuanfu said at an event that Chinese automakers should work together to show the world the country's car expertise. He did not convince his competitors. Some even said they will have a fight before collaborating on anything.
Wednesday 16 August 2023
Ola Electric unveils affordable E2Ws in India
India's largest electric two-wheeler (E2W) brand by sales unveiled a series of affordable models to expand its lineup to solidify its status in the rapidly-growing E2W market.
Tuesday 15 August 2023
Suppliers become conservative about China's automotive market development
Many car component suppliers have announced their financial results in the first half of 2023. While some were optimistic about the future of China's automotive sector, others said the market is chaotic and the demand is hard to measure.
Tuesday 15 August 2023
Indonesia says Tesla aims to make EV battery material investment in the country
After trying to attract Tesla's investment for a long time, Indonesia seems to have made some progress. Senior minister Luhut Pandjaitan said the EV giant is considering investing in lithium battery materials in the country and will announce the plan in the following months.
Tuesday 15 August 2023
Tata cements its dominance in India's EV market
Thanks to more affordable models available and consumers' environmental consciousness, India has seen a doubling of EV sales in the first half of 2023.
Tuesday 15 August 2023
Foxconn's investment in India to expand to CE and EV key component assembly
Foxconn has seen multi-fold growth in revenue, employee numbers, and investment since its expansion into India in 2005, says the company's chairman, Young Liu. While primarily focused on information and communications technology (ICT) assembly, the company is also planning to set up key consumer electronics component assembly lines in the country, and there may even be EV component lines.
Monday 14 August 2023
DIGITIMES unveils Asia Supply Chain 250: China's growth now relies on auto sector performance
DIGITIMES Asia has unveiled the "2023 ASC 250 Rankings." In the post-pandemic era, the Russia-Ukraine war, and global inflation, more than half of the leading 10 companies are encountering a dip in their revenue growth rates. Notably, TSMC, the heavyweight champion of semiconductor foundry, leads the pack with an impressive revenue growth rate of 33.4%. However, within the top 20 companies, CATL stands out prominently, boasting a remarkable growth rate of 138%.
Monday 14 August 2023
Foreign-based automotive tier-1s under pressure in China
China's mature EV supply chain has challenged foreign automotive tier-1 suppliers and their joint ventures. Foreign-based companies have trailed behind the country's battery dominance, having to handle the tense competition from local electric motor makers.
Monday 14 August 2023
India roundup: Confusion and concerns mount among notebook and tablet vendors over India's import restriction measure
India's surprising announcement to require license for imported notebooks and tablets raised confusion and concerns in the IT hardware industry. Hyundai is looking to launch more EV models in India to capitaize on the rising market.
2023 Supply Chain Summit
DIGITIMES Research Special Report Databases
East and Northeast Asia: The powerhouse of EV battery
China smartphone AP shipments rise sequentially in 2Q23 and 3Q23, says DIGITIMES Research
Global high-end AI server shipments to soar in 2023, says DIGITIMES Research
In light of Huawei's 5G smartphone launch, US could pose even stricter sanctions, said DIGITIMES Research