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Wednesday 7 June 2023
VW's China JV transforming plant for electrification; GM showcases concept car for China
Volkswagen and General Motors are both accelerating electrification in China, the world's largest EV market. SAIC Volkswagen Automotive recently started upgrading one of its Shanghai plants for EV production. GM introduced a concept EV in China, demonstrating its local design capability.
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Tuesday 6 June 2023
Panasonic reportedly to grow EV battery production in Nevada
Tesla battery supplier Panasonic has made another move to scale up in the US. The company reportedly plans to set up a new battery production line in Gigafactory Nevada, which will likely increase output by 10%.
Monday 5 June 2023
Hyundai invests in 42dot to establish global software center
Hyundai Motor took another step forward to transform its vehicles. The automaker injected KRW346.2 billion (US$265.1 million) into the majority-owned self-driving startup, 42dot, last week to set up a global software center for software-defined vehicles (SDV).
Monday 5 June 2023
China poised to extend EV purchase tax break
China, the world's largest EV market, is expected to keep its tax incentives to maintain the momentum. The purchase tax break for new energy vehicles (NEV) will likely remain after the end of this year and benefit the whole supply chain.
Monday 5 June 2023
Hyundai commences first overseas fuel cell production base in China
Hyundai Motor bets on the China market to scale up its fuel cell business. The automaker began operating its first fuel cell plant in Guangzhou, China, on June 1. The production base aims to make 6,500 fuel cell systems each year.
Tuesday 30 May 2023
BYD outbids Tesla to supply EVs for Indonesian taxi operator
Indonesia's largest taxi operator will turn to BYD Co. for 80% of its electric-vehicle fleet while reviewing its Tesla Inc orders as lower-cost models win out in the country.
Tuesday 30 May 2023
Canadian government to invest in GM-POSCO cathode material project in Quebec
The Canadian government announced on May 29 that it will offer funding support of CAD300 million (US$221 million) for a cathode active materials (CAM) facility constructed by the joint venture between General Motors and South Korea-based POSCO Future M.
Monday 29 May 2023
VinFast recalls all 999 of its first SUVs shipped to the US
Vietnam's electric-car maker VinFast recalled all 999 of its initial sport utility vehicles shipped to the US over malfunctioning software that can lead the main screen to go blank.
Monday 29 May 2023
Joint battery plant will benefit Hyundai, LGES in the US
Hyundai Motor and LG Energy Solution have embarked on a joint effort to scale up in the US. The pair announced on May 26 that they will build an EV battery cell plant together in Georgia. Production is expected to begin at the end of 2025.
Friday 26 May 2023
LG Electronics commences EV charger production, aiming to expand in global market
LG Electronics has reached a milestone in its charging business. Its majority-owned company, HiEV Charger, started producing EV chargers on May 24. Besides serving the domestic market, LG said it has already planned product launches and collaborations outside South Korea.
Friday 26 May 2023
Ford to equip EVs with built-in connector of Tesla Supercharger from 2025 onward
Ford Motor announced that its EV customers will be able to charge with Tesla Superchargers in the US and Canada next year. Moreover, Ford plans to integrate the connector of the supercharger into its EV design starting in 2025.
Wednesday 24 May 2023
South Korea will inject KRW14 trillion into auto parts industry to boost EV production
South Korean Trade, Industry and Energy Ministry announced on May 23 that the government and local automakers will invest KRW14.3 trillion (US$10.9 billion) in the automotive component industry, helping EV production grow fivefold by 2030.
Wednesday 24 May 2023
Korea-based Hanon Systems to make in Georgia as IRA triggers investment wave in US
As the US keeps urging manufacturers to invest through a series of initiatives, including the Inflation Reduction Act (IRA), South Korea-based EV and parts suppliers are accelerating their moves to invest in the US.
Tuesday 23 May 2023
Ford's new electric SUV won't compete with other carmakers, CEO says
Ford Motor Co., which is spending $50 billion building an electric-vehicle business, doesn't fear the two EV-market leaders, Tesla Inc. and China's BYD Co.
Tuesday 23 May 2023
BYD evaluates building a European plant; SAIC to roll offline EVs with solid-state batteries in 2025
EV company BYD is looking to expand production capacity in Europe. According to media reports, it is considering several countries in which to build a plant, including France. On the other hand, Shanghai-based SAIC Motor said its first mass-produced EV with solid-state batteries will be ready in 2025.
Tuesday 23 May 2023
Ford secures multiple lithium deals to make 2 million EVs by 2026
Ford Motors announced several agreements with lithium companies on May 22, a step forward to support its EV ambitions. The carmaker also aims to achieve a margin of 8% of earnings before interest and taxes (EBIT) for its EV business segment by late 2026.
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DIGITIMES Research Special Report Databases
East and Northeast Asia: The powerhouse of EV battery
China vendors see smartphone shipments down on year in 4Q22 and 1Q23, says DIGITIMES Research
DIGITIMES Research expects shipments of 2.5–3 million units for upcoming MacBook Air in 2023
China battery makers to enjoy boom in upcoming years thanks to energy-storage demand, says DIGITIMES Research