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Mar 24
Excellence Optoelectronics accelerates Mexico plant ramp-up, eyes robot and ECU markets
Excellence Optoelectronics (EOI) is preparing for volume production to begin in July at its soon-to-be-completed Phase 1 plant in Mexico, aiming for an 80% utilization rate by year-end with 88 LED automotive lighting modules produced at the new facility. The company has also seen stellar results from its new AI smart city and system integration businesses, and expects the combined driving force of automotive and AI to propel steady revenue growth throughout 2026, after posting strong results for a usually slow first quarter.
Through highly centralized supply chains, a software-first development philosophy, and extensive state subsidies, Chinese automakers have compressed traditional vehicle development cycles from five to seven years to less than two. In some cases, development timelines have shrunk to just a few months.
Aftermarket (AM) automotive lighting manufacturer TYC Brother Industrial posted NT$24.42 billion (US$763 million) in consolidated revenue in 2025, marking a recent high as the company benefited from stable demand in the global automotive market and a shift toward smart lighting technology.
Xiaomi executives outlined the group's 2025 performance and strategic priorities during an investor earnings call and webcast on March 24. Management highlighted record annual revenue and adjusted net profit, then devoted much of the presentation to artificial intelligence (AI), embodied intelligence (physical AI), and progress in the company's electric vehicle (EV) business. The call opened with standard operator instructions and procedural remarks from investor relations, followed by prepared remarks from Xiaomi president Lu Weibing and CFO Alain Lam Sai Wai, who fielded investor questions.
On March 24, Xiaomi reported fourth-quarter revenue of CNY116.92 billion (approx. US$16.2 billion), up 7.3% year-over-year and slightly above Bloomberg consensus estimates, as strong growth in its electric vehicle and new initiatives business helped offset weakness in its core smartphone segment.
As the rest of the world scrambles to catch up with China in lithium-ion batteries, Chinese companies are already pushing into new frontiers — racing to scale up sodium-ion batteries while simultaneously betting big on next-generation solar technology.
Uber is pushing into autonomous mobility through a multibillion-dollar partnership with Rivian, aiming to deploy tens of thousands of robotaxis across North America and Europe over the next decade, according to reports from Bloomberg, CNBC, The New York Times, and company disclosures.
Niche copper-clad laminate (CCL) manufacturer Ventec expects to achieve double-digit revenue growth in 2026, driven by ongoing product price increases and strategic expansion into specialized markets such as defense aerospace and semiconductor test interfaces. Currently, special materials account for 50% of its revenue, positioning the company for what it predicts will be a robust order fulfillment phase.
With the 2026 Formula One (F1) season opener in Australia, the first competitive validation of the sport's new regulatory framework has already highlighted the impact of a fundamental powertrain shift. Mercedes-AMG secured a dominant one-two finish, underpinned by a clear performance gap. In qualifying, the team achieved a pole position lap time approximately 0.8 seconds ahead of the third-place competitor, while extending a lead of more than 15 seconds over Ferrari during the race.

US government disclosures have cast rare light on one of the electric vehicle (EV) industry's most closely guarded supply chains, confirming that LG Energy Solutions (LGES) signed a battery supply agreement worth about US$4 billion with Tesla in July 2025.

Mercedes-Benz Taiwan has officially unveiled the all-new CLA series — the first mass-produced model built on the Mercedes-Benz Modular Architecture (MMA) platform, as announced by company president Mark Raine. Priced from NT$1.87 million (US$58,600), the CLA is aimed at mainstream consumers, with both electric and gasoline variants sharing the same starting price.
At GTC 2026, Nvidia formally unveiled an end-to-end autonomous driving technology stack and announced plans to deploy the full solution through ride-hailing platform Uber. The move is widely seen as a turning point in the intensifying robotaxi race, sharpening the competitive landscape with autonomous driving leader Waymo.