Global PMX approved its 2024 financial results and outlined growth plans for 2025 at the annual shareholders meeting held on April 18, 2025, chaired by Chairman Cheng-sheng Lin. The company anticipates positive year-over-year growth in 2025, viewing the year as a critical period for transformation based on its multi-industry development strategy.
The future of luxury car electrification grows uncertain as brands like Maserati, Lamborghini, and Ferrari delay EV launches amid technical and identity challenges. Meanwhile, Chinese firms such as BYD and Huawei aggressively target the luxury EV market for growth.
Beginning August 1, 2024, Taiwan will implement a sweeping new policy requiring automakers to gradually increase the proportion of locally sourced components in their supply chains. Known as the localized supply chain value ratio regulation, the initiative is already reshaping the island's automotive landscape, delaying several anticipated vehicle launches, including the Taiwan-made Maxus G50 Plus.
NIO has launched a new chip design subsidiary — Anhui Shenji Technology — in a strategic move to become a full-stack provider of smart driving technologies. The unit will support NIO's vehicle platforms and expand into supplying chips to external OEMs, while laying the groundwork for future fundraising and strategic investor participation.
At its annual general meeting on Wednesday, Yulon Nissan Motor Co. reported consolidated revenue of NT$23.1 billion (US$780 million) and post-tax net income of NT$1.7 billion for 2024, despite facing macroeconomic headwinds across both sides of the Taiwan Strait.
Chinese automakers are moving to align with government directives by planning to mass-produce vehicles equipped exclusively with domestically developed and manufactured automotive chips starting in 2026, as Beijing pushes to reduce its reliance on foreign semiconductor technologies.
Chinese EV maker Neta Auto faces a severe financial crisis, raising concerns in Thailand, where it operates a local subsidiary. Neta claims its overseas operations remain unaffected, but Thai officials are monitoring the situation closely, according to the Bangkok Post and The Nation.
China's sustained backing of new energy vehicles (NEVs) has hit a roadblock, as widespread subsidy abuse and escalating price competition have forced several local governments to suspend EV incentive programs.
Tong Yang Industry's annual shareholders meeting on June 19 showcased its 2024 business report, noting record-high consolidated revenue and profit for the first five months of 2025.
Tata Elxsi and Infineon Technologies have signed a Memorandum of Understanding (MoU) to jointly develop electric vehicle (EV) solutions tailored for the Indian market. The collaboration aims to accelerate the adoption of automotive-grade, cost-optimized, and safety-compliant subsystems in response to India's growing EV sector.
The Taiwanese automotive industry is facing a tough year, especially amid unresolved issues surrounding tariffs and commodity taxes, which have created strong market caution. Meanwhile, reports indicate that Japanese car brands are currently renegotiating contract manufacturing fees with their local assembly plants in Taiwan due to global policy shifts from their parent companies.
More coverage
