As the political tension between China and the US continues, the Chinese government is enhancing the country's EV supply chain to avoid battery technology outflow and learn critical techniques from foreign companies.
Excellence Optoelectronics (EOI), a Taiwanese manufacturer of LED vehicle lighting modules, anticipates a return to profitability in the first quarter of 2024 when its new US plant in Michigan breaks even.
China's Vice Premier He Lifeng expressed "strong concern and dissatisfaction" on Monday to the European Union's chief trade negotiator Valdis Dombrovskis over the bloc's anti-subsidy probe into Chinese electric vehicles.
Nissan has jumped on the bandwagon to go fully electric in Europe. The automaker announced on September 25 that it plans to sell only EVs on the continent by 2030. From now on, all new Nissan models launched in Europe will be all-electric.
Ford said on September 25 that it had halted construction of its battery plant in Michigan amid the ongoing strikes initiated by the United Auto Workers (UAW). The carmaker had planned to license technology from China-based CATL to produce batteries in the US.
Taiwan boasts a comprehensive supply chain for electric two-wheelers. Besides selling the vehicles domestically, the industry is seeking opportunities in overseas markets. While the sector holds technical advantages, it needs the government's push to expand in emerging markets like ASEAN countries.
Electric-car maker Zeekr is banking on extra momentum from sister brands like Volvo Car AB to push into Europe, just as Chinese carmakers' ambitions in the region move into the crosshairs of global trade tensions.