Automotive News, which routinely reveals the rankings of global automotive parts supply chains mid-year, recently published its latest list. Most of the top five global Tier 1 suppliers remain familiar names, but structural changes in electric vehicle (EV) demand have caused slight shifts in their rankings.

Looking at total automotive parts sales for 2024, Germany's Bosch holds the top spot with revenue down 2.7% year-over-year; Japan's Denso rose one position to second place with a 1.5% increase in revenue; Canada's Magna slipped one rank to third, maintaining flat annual revenue. Germany's ZF Group remains fourth, experiencing a 25% decline in revenue, while China's CATL stays fifth with a 14.8% drop in revenue.

Strategic investments and collaborations have become the norm in the information and communications technology industry, aiming to expand product offerings and market reach while creating mutual benefits. Sysgration, originally focused on tire pressure monitoring system (TPMS) products, has actively broadened its market scope in recent years. The company has ventured into industrial PC (IPC) and energy-related product sectors and strengthened its product and market positioning through investments.

Grand Pacific Petrochemical (GPPC) has been undergoing a transition in recent years, introducing new product lines targeting the semiconductor and electric vehicle (EV) sectors.

If not for a flurry of tariffs and mounting regulatory pressure under President Donald Trump, Chinese energy storage giants were poised to dominate the American market by 2025, so much so that industry insiders had already narrowed the field to three top contenders for market supremacy.

As Chinese companies accelerate their entry into the South Korean market, local tech giants are intensifying efforts to protect their intellectual property (IP). From TV branding disputes to OLED patent wars and semiconductor espionage, South Korea's electronics and display leaders are responding more aggressively to what they describe as growing threats of counterfeiting, trademark abuse, and technology theft.

Formosa Smart Energy Tech has officially commenced operations of its pilot production line for all-solid-state lithium batteries, marking a significant milestone in the company's development of next-generation battery technologies. The initiative was developed in collaboration with the Battery Research Center of Green Energy at Ming Chi University of Technology and represents a key step in Taiwan's efforts to strengthen its position in the global energy storage sector.

Taiwan-based EV manufacturer RAC Electric Vehicles, a subsidiary of Mobiletron, is under scrutiny after one of its electric buses caught fire on June 16 while in motion through downtown Taipei. The incident, which resulted in the total loss of the vehicle but no injuries, prompted the company to launch an emergency response task force and suspend related operations pending investigation.

Powin, once a major player in the global energy storage market and a fierce competitor to Tesla and Fluence, has recently filed for bankruptcy under Chapter 11 of the US Bankruptcy Code at the District Court for the District of New Jersey

Phoenix Contact is challenging the electric vehicle charging industry's shift toward liquid-cooled systems with technology that sustains 500-ampere charging for 10 minutes without cooling.

US President Donald Trump set up a tariff wall to protect and boost American manufacturing, particularly in key industries like electric EV power batteries and energy storage batteries. By focusing on these two critical sectors, Trump ensured that manufacturing would play a central role in shaping the future.

The power batteries used in new energy vehicles (NEVs) are mainly dominated by ternary lithium batteries and lithium iron phosphate (LFP) batteries. China, which accounts for nearly 70% of the global NEV market, saw its LFP application reach 75% in the first quarter of 2025, up from 65% in 2024, demonstrating LFP's strengthening grip on the NEV market.

Tesla CEO Elon Musk, now refocused on company operations after stepping back from government affairs, has unveiled plans to build a fully vertically integrated battery supply chain in the US as part of a strategy to cut reliance on Chinese materials.

Two of China's largest battery makers are discovering that building factories in the United States is proving far more complicated than anticipated, particularly in the current political climate.

US President Donald Trump and Chinese President Xi Jinping spoke by phone on Thursday, June 5, 2025, agreeing to hold further trade talks aimed at resolving disputes over tariffs and supplies of rare earth minerals.

As Lee Jae-myung takes office as South Korea's 21st President, the global tech and industry community is closely monitoring his ambitious economic agenda. Among the key sectors under scrutiny are semiconductors, batteries, shipbuilding, and defense industries that Lee pledged to nurture aggressively during his campaign.

Under intense competitive pressure from plummeting battery prices and aggressive Chinese market strategies, Taiwan Cement Corporation (TCC) has yet to achieve breakeven in its battery division, sparking significant shareholder concern. At the company's annual general meeting on May 27, Chairman An-Ping Chang addressed these challenges head-on, responding candidly to investors' queries about operational hurdles, strategic investments, and market prospects.

At its recent annual shareholder meeting, optical film manufacturer Wah Hong announced the successful approval of key proposals, outlining its strategic direction for the future. As the company looks ahead, Wah Hong remains committed to developing high-value-added products and creating unique, differentiated solutions, collaborating closely with its clients.