Taiwan scooter-sharing leader WeMo on May 12 announced a major service upgrade that introduced a new white-license model, dubbed WeMo Go, and signaled plans to integrate its platform with multiple mobility and payment services by the end of 2026. The company said the move launches a dual electric-scooter era designed to expand user choice and scale shared mobility across Taiwan.
China's Luxshare is accelerating its push into the global automotive supply chain through a proposed acquisition of BeijingWest Industries International Limited, marking another major step in its transition from a consumer electronics assembler into a global automotive Tier 1 supplier.
US policy tilts the market, driving buyers to US-made lithium batteries despite higher costs, with global supply chains and investment flows likely to shift as subsidies, tariffs, and tight reviews reshape where and how energy storage systems are sourced and built over the coming years, and policy uncertainty.
Foxconn will hold its first-quarter 2026 earnings briefing on May 14, with investors expecting detailed updates on AI server demand, the commercialization of co-packaged optics, and the strategic significance of recent alliances with Mitsubishi Electric and ElectroMobility Poland. The company's record first-quarter revenue has heightened expectations for a dense briefing.
Tesla has entered what analysts describe as a "high-investment cycle" in 2026, marking a pivotal shift in the company's strategic priorities from pure electric-vehicle expansion toward artificial intelligence, robotics, and semiconductor self-sufficiency.
As the autonomous driving industry pushes toward "eyes-off" highway driving, the race is increasingly shifting from electric vehicles to perception systems capable of operating safely in the real world.
IC design firm PixArt Imaging said on May 12 that its three core business areas will post strong growth in the second quarter of 2026, with revenue expected to rise by the double digits quarter over quarter. The company said better-than-expected game console shipments lifted first-quarter 2026 results above its earlier forecast, helping offset a weak PC market.
Under a new Canada-China electric vehicle (EV) agreement, Lotus, owned by China's Geely Group, has become one of the first automakers to begin shipments to Canada from Chinese ports. Other Chinese brands, including Chery and BYD, are expected to enter the Canadian market gradually before the end of the year. At the same time, market speculation has emerged that Tesla may have quietly shifted supply sources for its Model 3 in Canada to its Shanghai factory, after the model recently appeared at sharply lower prices.
Tesla is investing US$250 million to expand battery-cell production at its Berlin-Brandenburg Gigafactory, reinforcing its long-term commitment to Europe just as the company starts to regain momentum in the region after more than a year of weak sales.
Canada and industry groups pushed back against the prospect of linked concessions as the US prepared for a high-level summit with China on May 14 and North America readied for the sixth-year review of the USMCA, scheduled for July 1. Canadian officials and automotive associations insisted the US must unconditionally remove the 25% tariffs imposed under section 232 on passenger vehicles and that the tariff rollback is essential to the survival of decades of North American economic integration, a spokesperson announced.
Tesla's Electric Semi Truck (Tesla Semi) has revealed production specifications and a US-made 4680 lithium battery breakthrough, according to certification documents filed with the California Air Resources Board in May 2026 and reporting by Reuters. The disclosures showed the Semi supports megawatt-level fast charging and uses a second-generation 4680 cell called Cybercell, enabling the truck to enter mass production and compete more directly with diesel rigs on charging speed and range.
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