Along with development of PV and offshore wind power generation, demand for energy storage systems is fast growing in Taiwan, according to president Hau Xia-peng for green energy trading platform Foxwell Power.
Taiwan-based PCB manufacturers are enhancing their presence in the electric vehicle (EV) and server sectors as they have seen their growth thus far this year depend mainly on increasing demand from the two sectors, according to industry sources.
Cylindrical battery cells seem to gain traction in the EV segment as they offer higher energy density and can reduce costs. BMW recently announced the adoption of round cells in new EV models from 2025, aiming to halve the battery price.
China-based EV startup Nio's total revenues reached CNY10.29 billion (US$1.54 billion) in the second quarter of 2022, a 21.8% increase from the previous year. However, the company's overall gross margin and vehicle margin both declined mainly due to the growing battery costs.
The Indian automotive giant Mahindra & Mahindra recently announced the launch of a series of consumer electric vehicles, joining a rapidly growing market. But even as the Indian EV market gathers momentum, certain supply chain shortage concerns persist, especially with regard to semiconductors and components.
Compal Electronics has developed a railway safety system through integrating 5G real-time data transfers and C-V2X (Cellular-Vehicle to Everything) wireless connectivity, both in compliance with 3GPP (3rd Generation Partnership Project) specifications, with AI-based image recognition technology. It is the first smart decision-making and early warning system for railway safety in Taiwan, according to the company.
South Korea Trade Minister met up with US Trade Representative (USTR) Katherine Tai in Washington on Sep 7 to discuss the inclusion of South Korea's electric cars in the US' EV subsidy program, according to South Korean news outlet Yonhap News Agency.
China-based smartphone vendor Xiaomi has stepped into developing autonomous electric vehicles (EVs), and will reportedly adopt LiDARs developed by China-based Hesai Technology for its first autonomous EV, according to industry sources.