520km after 5 minutes charging? CATL races ahead of competition
April 22, 2025
China’s CATL, the world’s largest EV battery maker, also announced its sodium-ion cell battery, Naxtra, was ready for commercialization and unveiled new dual-power batteries that can go for 1,500km on a single charge.
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Top 50 EMS firms grew 12.7% in 2024, reached $477B in assembly revenue
April 18, 2025
Overall, the APAC region accounted for around 74.7% of the Top 50 EMS revenue, and the Americas achieved 20.4% revenue growth, an increase of 2.4%, while the EMEA region constituted 2.5%, and an increase of 0.3%, mainly due to extensive activity in acquisitions.
China delays approval for Geely, BYD investment plans in Latin America
April 14, 2025
Approval from China has taken longer than expected for the projects, with China’s state planner raising concerns that there are tech transfer risks in the Chinese automakers’ plans, Reuters reports.
Alibaba forms AI technology partnership with BMW
March 27, 2025
The Chinese-German partnership aims to develop AI technology to support the development of the next generation of vehicles in China.
BYD annual sales cross $100 billion, surging ahead of Tesla
March 26, 2025
Chinese EV maker BYD reported a 29% jump in sales from the previous year on deliveries of 4.27 million cars. By comparison, Tesla’s 2024 revenue was USD 97.7 billion.
Xiaomi raises $5.5 billion in share sale amid EV push
March 25, 2025
Xiaomi is targeting its nascent EV business to propel growth and has raised its EV delivery target for 2025. The Chinese tech giant is also expanding the size of a planned second factory in Beijing.
EU trade chief suggests tech transfers in exchange for Chinese EV investment
March 21, 2025
EU trade chief Maros Sefcovic has suggested ahead of an official visit to Beijing that technology transfer should be a condition of Chinese investment in Europe’s EV industry.
European Union launches investigation into Chinese EV subsidies
March 21, 2025
The EU has initiated a probe into unfair Chinese subsidies of a Hungarian EV manufacturing plant.
Thailand approves $1B investment from China’s Sunwoda
March 17, 2025
Shenzhen-based battery maker Sunwoda is expected to create 1,000 jobs in Thailand for production of lithium-ion battery cells for EV manufacturers.
BYD, Saudi partner on ‘world’s largest’ BESS projects
February 24, 2025
This cooperation is a major step towards advancing Saudi Arabia's renewable energy industry and aligning with the ambitious goals set forth in Saudi Arabia's Vision 2030 initiative.
Toyota Establishes New EV and Battery Production Company in China
February 10, 2025
Toyota has announced that it will establish a wholly owned production company in Shanghai to increase its production of EVs and batteries for its Lexus brand.
VinFast to shake up Indian market with premium electric SUV
January 20, 2025
Vietnamese electric vehicle maker Vinfast has announced it will enter the Indian market with two premium electric SUVs
China drives global EV sales to another record high
December 13, 2024
In line with earlier trends, China contributed to nearly 70% of total EV sales in November, while Europe showed a slight year-on-year decline.
Oppo invests $4.2 million in HK PolyU’s AI imaging center
November 05, 2024
The Hong Kong Polytechnic University-Oppo Joint Innovation Lab will be upgraded to the Joint Innovation Research Centre.
Livium bags $560,000 grant for battery recycling plant
November 04, 2024
The grant was awarded to Livium’s subsidiary Envirostream Australia as part of the Western Australian Government’s electronic waste infrastructure funding program.
Chinese carmakers may pause investment in some EU countries
November 01, 2024
Chinese automakers were told by the Ministry of Commerce that they should put the brakes on big investment plans in EU countries that back extra tariffs on Chinese-built EVs, sources told Reuters.
Did Apple ‘work secretly’ with China’s BYD on EV battery project?
October 18, 2024
Apple and Chinese carmaker BYD teamed up around 2017 with the aim of building a battery system using lithium iron phosphate cells, according to a Bloomberg report.
China’s GAC considers making EVs in Europe
October 14, 2024
The Chinese state-owned automaker believes local production is one of the ways to dodge EU tariffs that come into effect in November.
Volvo delays construction of battery plant in Sweden
September 16, 2024
Construction for Volvo’s new battery production plant in Sweden was expected to start in 2025. But the start date has now been pushed back by between 12 and 24 months, the WSJ report said.
Keep EV tech at home, Beijing instructs Chinese automakers
September 13, 2024
China’s Ministry of Commerce told automakers that they shouldn’t make any auto-related investments in India in a bid to safeguard Chinese EV tech and lower regulatory risks, the Bloomberg report said.
India’s Reliance Infrastructure considering EV push
September 09, 2024
The company has hired a former India executive at Chinese automaker BYD to advise on its plans to make electric cars and batteries, according to a report by Reuters.
Toyota, Nissan join $7 billion push to boost Japan’s battery production
September 06, 2024
Toyota and Nissan are likely to invest 250 billion yen and 150 billion yen, respectively, while Panasonic is investing another 550 billion yen.
German cabinet approves EV tax relief amid Volkswagen’s SOS
September 04, 2024
The tax breaks will be worth about EUR 465 million (USD 514 million) annually between 2024 and 2028.
China’s BYD to build new EV factory in Pakistan
August 19, 2024
BYD will also open three “flagship stores and experience centres” in Karachi, Lahore and Islamabad. It plans to start selling a sedan and two SUV models from the fourth quarter of this year.
BYD to build $1bn EV megaplant in Turkey
July 17, 2024
The fast-growing Chinese automaker BYD has announced plans to build a vast manufacturing facility in Turkey's Manisa province.
Chinese state prepares to inject $830m into battery R&D
June 03, 2024
The Chinese government is planning to make its biggest ever investment in domestic solid-state battery tech.
NEV sales increase 16.9% in 1Q24, PHEV surge nearly 50%
May 30, 2024
According to TrendForce Global Automotive Reports, the global sales of NEVs (including BEVs, PHEVs, and FCEVs) surged to 2.842 million units in 1Q24—making a 16.9% YoY increase.
China retains market advantage in battery development
May 27, 2024
On May 14, the White House announced significant tariff increases on Chinese EVs and batteries. EV tariffs will jump from 25% to 100%, and battery tariffs will rise from 7.5% to 25%. TrendForce posits that Chinese EVs account for less than 2% of the US EV market, making the actual impact of these tariff hikes minimal.
Jabil to to close its Vancouver site – 120 jobs lost
March 06, 2024
EMS giant Jabil is planning to close its Vancouver, Washington operation – resulting in the permanent layoff of 120 employees.
France's electronics evolution and sustainable future
February 14, 2024
There is currently a lot of movement within the European electronics industry, along with all its sectors, which were key talking points during Evertiq’s inaugural Expo in Sophia Antipolis, France on February 8, 2024.
Evertiq Expo Sophia Antipolis is just around the corner
February 07, 2024
Time is drawing close for Evertiq's first-ever Expo on the French Riviera. Evertiq has paid close attention to the ongoing developments in the market and the world at large and organised a program that reflects just that.
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