Ford chief admits that China leads the US in EV battery development
February 13, 2025
Ford CEO Jim Farley admitted that the Chinese car industry poses a threat to Western interests due to its EV battery developments, estimating that it now leads the US by at least a decade.
Ad
ECST show 2025 off to an encouraging start
January 29, 2025
With a score that broke solidly above the 100-point threshold in January for the overall component average the year got off to an encouraging start, ECIA’s Electronic Component Sales Trend (ECST) survey shows.
Biden ups loan for ioneer's Nevada lithium mine in parting gesture
January 20, 2025
The U.S. Department of Energy has finalised a USD 996 million loan for Australia-based ioneer's Rhyolite Ridge lithium project
NXP to acquire automotive networking company Aviva Links
December 18, 2024
NXP Semiconductors has entered into a definitive agreement to acquire Aviva Links, a provider of Automotive SerDes Alliance (ASA) compliant in-vehicle connectivity solutions in an all-cash transaction valued at USD 242.5 million.
EU, China ‘close to deal’ over EV import tariffs
November 25, 2024
In October, the EU decided to raise tariffs on Chinese-built EVs to as much as 45.3% following a high-profile investigation. The move has divided EU countries and sparked retaliation from Beijing.
Ford to cut workforce by 4,000 in Europe and UK
November 22, 2024
Of the total, 2,900 jobs would be lost in Germany, 800 in Britain and 300 in other EU countries. Ford has 28,000 employees in Europe and 174,000 worldwide.
Farnell appoints new leaders for EMEA and Americas
November 20, 2024
Daniel Ford and Richard Diaz join Farnell as Vice Presidents of Sales for EMEA and the Americas, respectively, bringing extensive industry experience and proven records of performance
Has Trump decided to kill Biden’s $7,500 EV tax credit?
November 15, 2024
Representatives of Elon Musk’s Tesla, US’s biggest EV maker, have reportedly told a Trump transition committee that they are in favor of ending the subsidy.
Lattice Semiconductor announces 14% workforce reduction
November 13, 2024
On order to better align its resources to support the current business level and promote greater efficiency throughout the company, Lattice Semiconductor implemented a comprehensive reduction in spending during the third quarter.
LG Energy to supply 46 mm EV batteries to Rivian for 5 years
November 08, 2024
Sources told the Korea Economic Daily that the deal’s value is estimated to be USD 6.7 billion. The batteries, 46 mm in diameter, will be installed in the Rivian R2 SUV to debut in 2026.
Lattice CFO resigns
October 24, 2024
Sherri Luther, CFO of Lattice Semiconductor, has resigned with immediate effect in order to pursue a new opportunity. Lattice Corporate Vice President, Corporate Controller Tonya Stevens has been appointed interim CFO, while the company searches for a new CFO.
LG Energy Solution, Ford sign 109 GWh EV battery deal
October 17, 2024
The total value of these two contracts is estimated to be at least USD 9.5 billion. LGES plans to manufacture these batteries at its plant in Poland, starting in 2026.
Redwood Materials partners with BMW of North America
September 20, 2024
The battery recycling specialist will recover BMW vehicles' end-of-life lithium-ion cells and take them to its facilities in Reno, Nevada, where it will recycle and refine their critical minerals.
GM EV owners finally get access to Tesla Superchargers
September 19, 2024
The agreement makes approximately 17,800 Tesla Superchargers available to drivers of GM vehicles such as Chevy Bolt and Silverado EV, using a USD 225 adapter.
Lattice Semiconductor appoints Ford Tamer as CEO
September 17, 2024
Following a thorough search, Lattice Semiconductor Corporation has named Dr. Ford Tamer Chief Executive Officer and member of the company's Board of Directors, effective immediately.
GM may buy EV batteries built with Chinese tech
September 16, 2024
But the batteries will be assembled in the US at a proposed plant funded and operated by Japanese consumer electronic firm TDK Corp.
Libra Industries names Robert Hermann as COO
August 29, 2024
EMS provider Libra Industries has appointed Robert "Bob" Hermann as the company’s new Chief Operating Officer (COO).
Foreign rivals see opening as Ford adjusts EV strategy
August 23, 2024
The US automaker has shelved plans for its next all-electric SUVs and replaced them with hybrids that come with a better range when combined with gasoline engines.
Nvidia introduces automative virtual sensor suite
June 20, 2024
The world's leading chip designer Nvidia has unveiled the Omniverse Cloud Sensor RTX, which will help EV makers to develop simulated sensors in the lab.
Flex invests €90 million and creates 210 new jobs in Hungary
May 30, 2024
EMS provider Flex, who has a history spanning over three decades in Hungary, is investing at its two sites in Zalaegerszeg.
Microchip acquires VSI
April 11, 2024
Microchip Technology has completed the acquisition of Seoul, Korea-based VSI Co. Ltd., a specialist in providing high-speed, asymmetric, camera, sensor and display connectivity technologies and products based on the Automotive SerDes Alliance (ASA) open standard for In-Vehicle Networking (IVN).
Taiwan opens new vacuum heat treatment centre
December 15, 2023
France's ECM Group and Taiwan's Metal Industries Research & Development Centre (MIRDC) have combined to launch the Asia-Pacific Vacuum Heat Treatment Synergy Centre.
ZKW expands its site in Mexico
December 07, 2023
Lighting systems specialist continues to invest in the production plant in Silao, Mexico. As part of the opening of the new construction phase, the foundation stone for the next expansion is already being laid.
Ford lowers job count and capacity at US EV plant
November 22, 2023
American auto maker Ford announced yesterday that the company is "re-timing" and "resizing" some investments for its BlueOval Battery Park Michigan in Marshall.
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.
SK On, Ford, EcoPro BM to establish cathode plant in Canada
August 18, 2023
SK On says it will establish a cathode manufacturing facility in Canada with automaker Ford Motor and cathode producer EcoPro BM.
Joyson Electronics' order book hits $5.8bn
August 07, 2023
Chinese automative components supplier Joyson has revealed it has booked 42 billion yuan (USD 5.8 billion) worth of new orders worldwide in H1 2023.
Silicon Power planning manufacturing plant in Odisha, India
July 28, 2023
US-headquartered Silicon Power Group is preparing to establish a manufacturing facility in Odisha to manufacture 150 mm silicon carbide.
Junchuang creates North American R&D hub in Fort Worth
July 27, 2023
EV solutions company Junchuang has leased a 55,000-square-foot industrial facility in Fort Worth to serve as its North American research and development centre.
Sales sentiment for the electronic components market recovers after May slump
July 12, 2023
New industry data reports a four point rise in sales sentiment among industry professionals in the electronics components supply chain.
Improved sales sentiment from December 2022 continued in 1Q23
March 14, 2023
February 2023 electronic components sales sentiment powers past expectations, momentum carries into March outlook.
Load more news