China-based Changan Automobile recently established a new company to support the development of hybrid, battery and fuel-cell EVs. The carmaker plans to invest over CNY150 billion (US$21.6 billion) in the technology supply chain for new energy vehicles (NEV) in the next 10 years.
While China-based Huawei Technologies has been frustrated in smartphone business operation because the IC design subsidiary HiSilicon Technologies is running out of 5G smartphone-use application processors (APs), Huawei has newly participated in development, production and marketing of electric vehicles (EVs). Whether the new business can enable Huawei to offset large shrinkage in consumer business due to large reduction in smartphone sales is worth watching.
LG Innotek announced that it will launch the first open booth at the 'Consumer Electronics Show (CES) 2023' and reveal new products related to electric components of electric vehicles and autonomous driving cars in mass.
China-based EV maker Nio recently suffered a data breach. Hackers obtained the personal information of Nio vehicle owners and employees, demanding the company to pay US$2.25 million worth of bitcoin. The company apologized to its users on December 20, saying it will not give in to cybercrime.
Southeast Asia has been the emerging market that EV makers target, but some enablers are required for a takeoff. Pras Ganesh, executive vice president in charge of business transformation of Toyota Daihatsu Engineering & Manufacturing (TDEM), said greater collaboration across countries, regulators and industry stakeholders is critical to scale up EV markets in the region.
The automotive industry is expected to face increasing cybersecurity threats as vehicles become connected. Therefore, more regulations requiring companies to develop safety solutions thoughout a car's lifecycle have been set up.
On the EV Summit held in Oxford, UK this month, industry leaders including head of Polestar UK, CEO of Ford UK, director of Autotrader UK, and head from BP, etc., have shown firm support for decarbonization and broader EV adoption.
Semiconductor IDM Infineon said on Dec 14 that the transformation of automotive architecture from domains to zones will take at least a decade. The company also revealed it will unveil two new products at the CES show coming up in Las Vegas on Jan 5, 2023.
The microcontroller unit (MCU) supply will remain tight in 2023, buoyed by strong demand for automotive and industrial control applications, according to Ron Martino, executive VP of global sales for NXP Semiconductors.
At one of the panel talks at the EV Summit held on Dec 12 in Oxford, UK, Anthony Eskinazi, founder and CEO of parking app Justpark, addressed the proliferation of parking and charging apps as EV adoption increases. He pointed out that EV drivers would need to create a dedicated folder in their smartphone and to have at least two to four parking and charging apps, which could create a choice paralysis for EV drivers.
JET Optoelectronics, one of the top-three makers of rear seat entertainment systems worldwide, is building a new production site in Kaohsiung, southern Taiwan, aiming at boosting its annual revenue to over NT$10 billion (US$330 million) in three years from NT$3 billion currently.
Sintrones Technology, a maker of in-vehicle computing systems used in smart transportation, has obtained many orders with scheduled shipments concentrating in the first half of 2023, according to company chairman and president Kevin Hsu.