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.
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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.
Navitas and SHINRY open R&D lab to advance EV power systems
January 26, 2024
Navitas Semiconductor has teamed up with Chinese EV battery specialist SHINRY to launch a new research facility.
BYD reveals $14 billion growth plan
January 19, 2024
Chinese automotive company BYD says it will invest USD 14 billion over an undisclosed timeline to consolidate its lead in the electric motoring space.
Jabil completes the divestiture of Mobility business
January 02, 2024
EMS provider Jabil has closed the transaction to divest its Mobility business to BYD Electronic (International) Company Limited ) in a cash transaction valued at $2.2 billion.
SiC and its impact on Europe
December 11, 2023
There is no denying that SiC will play a pivotal role in the semiconductor landscape in the future and the power device market specifically.
Jabil inks deal to divest Mobility business for $2.2B
September 27, 2023
EMS provider Jabil is moving forward with its plans to sell its Mobility business. The company has now entered into a definitive agreement to divest the business to BYD Electronic (BYDE) in a cash transaction valued at USD 2.2 billion.
BYD secures fifth spot in global auto sales for July
September 01, 2023
In July 2023, global car sales faced a noticeable downturn, with 5.44 million vehicles rolling off the lot across 37 key markets – a 10% dip compared to June’s figures, according to TrendForce research.
Jabil is looking to sell its Mobility business
August 28, 2023
EMS provider Jabil has entered into a preliminary agreement with BYD Electronic relating to the sale of its Mobility business in a potential transaction expected to be valued at USD 2.2 billion.
BYD closes in on Tesla in Q2 BEV sales
August 17, 2023
The global automotive landscape is undergoing a decisive shift toward new energy vehicles (NEVs). TrendForce reports that in 1H23, NEV sales – which encompass battery electricity vehicles (BEVs), plug-in hybrid electric vehicles (PHEVs), and fuel cell electric vehicles (FCEVs) – soared to an impressive 5.462 million units, reflecting a growth of 33.6% YoY.
Global new energy vehicle sales reach 2.656 million units in Q1
May 31, 2023
TrendForce reports the total sales of New Energy Vehicles (NEVs) – comprising BEVs, PHEVs, and FCVs – reached 2.656 million units in the first quarter of 2023, marking a 28% YoY increase.
Global NEV sales grew 60% YoY, surpassed 10 million units in 2022
February 22, 2023
According to TrendForce’s latest research, global sales of new energy vehicles (NEVs) rose by 63.6% YoY to 10.65 million units for 2022.
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