The Indian government expects massive adoption of electric vehicles in the country over the next decade. According to NITI Aayog, the country's top think tank, EV sales penetration could reach 70% for commercial cars, 30% for private cars, 40% for buses, and 80% for two- and three-wheelers by 2030.
The largest China-based lithium battery maker Contemporary Amperex Technology (CATL) has reportedly planned to set up a battery factory in the US, but the company will face challenges, according to industry sources.
American energy storage system integrator Powin Energy is partnering up with Taiwan's Leader Energy Storage Technologies, making Leader an exclusive agent in Taiwan. By signing a deal with Leader, Powin has become the second one-stop energy storage system supplier in Taiwan after Tesla.
Being the only motorcycle OE among over 1,800 members of MIH, the electric vehicle consortium built by Foxconn. Taiwan's Aeon Motor is looking to find more opportunities through MIH to enter the market of micro-motor vehicles – a category of vehicles below 350 kilograms between a regular four-wheeler and a regular two-wheeler.
South Korean battery suppliers are expected to be the main suppliers for the US electric vehicle market until at least 2025, indicated industry sources. The US has begun building capacities to produce EV batteries locally, but given the long preceding set-up process, the undersupply of batteries in North America will continue until 2025.
Startups are the growing force of India's economy. One of India's unicorn startups launched Ola Cars online car-shopping platform, while electric vehicles (EV), especially two-wheelers, are seeing increasing sales in India.
Geopolitical tension and the net-zero carbon emission policy deadlines of governments worldwide are driving up demands for rare earth metals. However, trying to secure local supplies only by investing huge capital to build domestic production in the US or the EU alone is mission impossible. To achieve their carbon neutrality plan, innovation for rare earth demand reduction is also needed.
Granted access to the local EV market in the US by acquiring Lordstown Motors' Ohio factory, Foxconn will be producing Lordstown's Endurance electric truck and will be able to provide manufacturing services to other clients such as Fisker.
Indonesia is poised to become the top electric vehicle (EV) battery supply base among all Southeast Asian countries, thanks to abundant mineral reserves and incoming foreign investment. The Indonesian government has also given solid support to grow the local industry.
If there will be an Apple Car, who will assemble it? Sources at suppliers speculated that Apple might have had a grip on most key components up until now and that the speed Apple makes adjustments with suppliers seems faster than before.
Power supply maker and energy management solution provider Delta Electronics has helped Aerospace Industrial Development (AIDC), an aircraft component maker and aviation engineering service provider, set up a 5MW energy storage system at the latter's factory in central Taiwan, enabling AIDC to take part in Energy Trading Platform established by state-run Taiwan Power Company (Taipower).
In 2020, less than 2% of the cars sold in Mexico were electric vehicles (EVs), according to data from Mexico's official statistics institute Inegi. But based on estimations made by a non-governmental supplier association Nuevo Keon Automotive Cluster, Mexico will have nine million EVs hit the road by 2035.
Against the backdrop of nonstop technological advancements, smart energy has become a key policy for governments and enterprises around the globe. However, despite years of development, there is still room for improvement in the three major areas of innovative energy solutions: generation, storage, and conservation. A team led by Cheng-Chien Kuo, chair of the Department of Electrical Engineering at National Taiwan University of Science and Technology (Taiwan Tech), has been using AI and various information technology (IT) tools to help government agencies, factories, enterprises, households and other users track their electricity information more accurately and allow for the formulation of strategies that can further optimize energy use.
Shinfox Energy, a member of the Foxlink Group that is engaged in development and operation of renewable energy-generating facilities, aims to cumulatively reach total installation capacity of 1GW in 2025, according to company president Wilson Hu.
Deloitte surveyed 1,200 executives from British, American, Japanese, and Singaporean firms and found out these companies decided to invest or expand investment in India because of the country's domestic market, according to Reuters and Hindustan Times.
BlackBerry and AWS formed a partnership in 2020 to launch BlackBerry IVY, a new intelligent vehicle data platform that provides automakers a consistent and secure way to analyze the in-vehicle information, and further use the information to create services for drivers to enhance the driving experience. Sarah Tatsis, BlackBerry SVP talked to DIGITIMES to comment on this collaboration and BlackBerry IVY's future development.
The supply chain shortage has not seen any relief in 2021, particularly when it entered the third-quarter traditional electronic peak season. Market demand has increased, but overall production capacity has not.
Following in the footsteps of International IDMs and automakers to promote their SiC components for EVs, China auto and semiconductors makers are also preparing their homegrown SiC chips and modules for EV applications. After the announcement to develop SiC components a few weeks ago, Foxconn continues its investment in EV business with PPT in Thailand to expand its EV supply chains to Southeast Asia. In addition to EV manufacturing, its maintenance service recently has aroused many discussions from different sides, due to the eight-year warrants of early Tesla Model S and Model X being expired soon.