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Friday 26 April 2024
Nidec downsizes efforts in China to improve profits generated from fierce EV market
Japan-based electric motor manufacturer Nidec is reducing its products for the Chinese EV sector and planning to increase its sales of electric motors for industrial machinery in...
Friday 26 April 2024
Chinese homegrown automakers forthright about potential EV overemphasis
The Chinese car market has gained worldwide traction because of EVs. Homegrown automakers seize the opportunity to scale inside and outside China. The country has put many resources...
Friday 26 April 2024
Renesas says shift from EV to hybrid vehicles likely benefit its financial performance
Japan-based semiconductor company Renesas released its financial results for the first quarter of 2024 on April 25. The company experienced a limited profit decline and expected the...
Friday 26 April 2024
New BYD NEV to adopt Horizon Robotics chip
Horizon Robotics has showcased its next-generation automotive processor, the Journey 6 series, which will power BYD's forthcoming New Energy Vehicles (NEV).
Thursday 25 April 2024
Tesla earnings call leaves more questions to the market
Tesla reported unsatisfactory financial results for the first quarter of 2024, as expected.
Thursday 25 April 2024
IC distributor Supreme eyeing demand for electric scooters
Supreme Electronics, an IC distributor specializing in memory chips, is targeting the Indian and Southeast Asian markets for electric scooter demand opportunities.
Thursday 25 April 2024
Panel makers see market bottom out
Innolux and AUO stated that the panel industry has bottomed out in the first quarter of 2024 and they are projecting double-digit revenue growth from their automotive applications.
Thursday 25 April 2024
Over 90% foreign production strikes South Korean battery exports
In 2023, South Korea saw the first decline in rechargeable battery exports in eight years. The industry suspected that the situation is related to major battery manufacturers like...
Wednesday 24 April 2024
Tesla's Musk warns Wall Street autonomous future is main goal
Tesla Inc. Chief Executive Officer Elon Musk couldn't have been more clear in his message to investors: Tesla is now an artificial intelligence company.
Wednesday 24 April 2024
China approves US listing for self-driving firm in easing sign
China has greenlit a US listing by autonomous driving startup Pony.ai, raising the potential for an increase in Chinese tech initial public offerings in New York after a more than...
Wednesday 24 April 2024
Battery information sharing among Japan, EU, US aims to cut reliance on Chinese materials
Japan and the European Union have agreed to collaborate on a scheme to share information about battery material production locations and the supply chain. The move will help the two...
Wednesday 24 April 2024
Tesla promises new model production early 2025 as profits plunge
EV giant Tesla released its financial results for the first quarter of 2024, which missed estimates.
Wednesday 24 April 2024
EV golden cross above ICE vehicles might come later as demand slows
As more EV models are available and prices decrease, EV sales have grown notably in recent years. However, the growth rate will slow in 2024, making one wonder whether the "golden...
Wednesday 24 April 2024
Self-driving chips to draw attention at Beijing auto show
Self-driving chips are expected to be a focal point at the forthcoming Beijing International Automotive Exhibition.
Tuesday 23 April 2024
SK On reportedly retooling Ford-dedicated battery production line for Hyundai
Hyundai Motor has reportedly tied up with battery maker SK On in the US. Before the pair establishes a joint venture, SK On will retool a battery production line dedicated to Ford...