China's electric vehicle (EV) sector sparked to life in 2014, marked by the emergence of pioneering startups like NIO, Li Auto, and XPeng Motors. In the five years that followed, over 60 new players entered the market, while 400 companies registered without ever producing a single vehicle.

Southeast Asian nations are implementing strategic policies to promote EV adoption and secure a prominent position in the global EV industry by leveraging their regional advantages.

Chinese semiconductor exports are projected to exceed CNY1 trillion (US$30.8 billion) in 2024, having already reached CNY931.17 billion in the first 10 months of the year.

Macroblock, a leading LED driver IC manufacturer, has successfully entered China's electric vehicle (EV) supply chain in 2024. With its automotive product line steadily advancing, the company anticipates 2025 as a breakout year, marking a significant revenue increase.

Following the Bureau of Industry and Security's (BIS) addition of over 100 Chinese companies to its entity list, China's four major associations for automobiles, internet, semiconductors, and communications have called upon Chinese businesses to exercise caution when using American chips and to speed up domestic production. The US Department of Commerce's move aims to limit these companies' artificial intelligence (AI) and semiconductor technology development.

India plans to broaden its electric vehicle incentives to include automakers producing EVs at existing factories, moving beyond its initial focus on new facilities. The revised policy aims to attract investment from established manufacturers like Toyota and Hyundai, according to ministry meeting minutes seen by Reuters.

Following American chipmaker Microchip Technology's announcement regarding the closure of its Fab 2 wafer factory in Arizona and pause in its application for US semiconductor subsidies, the industry faces a sobering reality. The news particularly impacts Chinese firms actively developing automotive-grade microcontroller units (MCU).

Japan Display Inc. (JDI) has formed a strategic partnership with Taiwanese display manufacturer Innolux Corporation and its automotive subsidiary CarUX to develop next-generation automotive displays.

The automotive industry faces unprecedented upheaval as traditional manufacturers from Europe, the US, Japan, and South Korea confront economic headwinds and weakening electric vehicle demand. Meanwhile, Chinese rivals leverage aggressive pricing strategies and technological innovation to outmaneuver global competitors, forcing established players to reimagine their futures.

India is eager to establish a robust local EV manufacturing ecosystem, driven by the growing adoption of low-carbon vehicles in global markets. However, official data reveals a lack of investor enthusiasm, suggesting either limited interest in the schemes or eligibility criteria that may be overly stringent.

With China maintaining its position as the largest electric vehicle (EV) market globally, the semiconductor supply chain is intensifying its focus on the region. Industry leaders are actively collaborating with Chinese automakers to advance BCD (Bipolar-CMOS-DMOS) process manufacturing, seeking to enhance chip efficiency and integration capabilities.