Monday 20 May 2024
Will EV demand rebound in 2025?
Demand for battery EVs has faced challenges since the second half of 2023. Sales volume has sagged this year, especially in Europe and the US, the world's second and third-largest...
Friday 10 May 2024
Panasonic's battery unit benefits from US subsidy as weak EV demand to impact sales
Panasonic Group reported a record-high net income for the fiscal year ending in March 2024. Its battery business received significant tax credits from the US Inflation Reduction Act...
Friday 10 May 2024
Slow EV demand gives Magna double hit
Magna International's Austrian plant is experiencing a double hit resulting from the sluggish EV demand. An EV startup customer has filed for bankruptcy, and orders from legacy automakers...
Friday 1 March 2024
Is Apple's car project over? Supply chain has yet to be notified
Apple has reportedly terminated its car project, internally dubbed "Project Titan." However, unspecified sources in its Asian supply chain say they have not received any official...
Friday 26 January 2024
Tesla earnings report: 3 things to watch
Tesla's earnings call on January 24 garnered great attention amid the intense competition between Tesla and BYD in the electric vehicle (EV) sector.
Monday 18 December 2023
LG Chem invests US$820 million in new US cathode material plant to meet EV demand
As the demand for electric vehicles surges, LG Chem, a subsidiary of the South Korean-based tech giant, is set to construct a new cathode material plant in the United States to mark...
Thursday 14 December 2023
NXP sees growth from increased chip content in cars
Automotive electronics will be a main growth driver for NXP Semiconductors, driven by the increase in semiconductor content in cars, according to Ron Martino, company EVP of global...
Tuesday 5 December 2023
IC design houses upbeat about demand from Chinese EV market
The expanding Chinese electric vehicle (EV) market, also the world's largest EV market, has become a target for Taiwan-based IC design houses.
Thursday 30 November 2023
SuperAlloy upbeat about EV demand
SuperAlloy Industrial, an automotive wheel rim manufacturer, is bullish on forged aluminum wheel demand for mid-to-high-end electric vehicles.
Thursday 3 August 2023
Top lithium miner Albemarle boosts outlook as EV demand recovers
Albemarle Corp. boosted its outlook for the year as lithium prices rebounded after a months-long rout.
Thursday 3 August 2023
BMW raises outlook for car deliveries on strong EV demand
BMW AG increased its forecast for vehicle deliveries for the year on the back of a deep order bank and increasing demand for fully electric cars.
Friday 28 July 2023
Carmakers under pressure to transform business or face elimination, says Kia Taiwan executive
About 30% of existing carmakers will face elimination from the market in 2030 due to a failure to transform their business, according to Calvin Lee, managing director of Sime Darby...