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.
China defines its own standards for automotive chips
January 12, 2024
China’s Ministry of Industry and Information Technology (MIIT) has unveiled a plan to accelerate its domestic automotive chip technology.
China projected to export 1.2 Million NEVs in 2023
January 02, 2024
TrendForce reports that the global sales volume of NEVs (including BEVs, PHEVs, and FCVs) is estimated to reach approximately 12.8 million units in 2023. Regional market sales shares are expected to be 60% in China, 22% in Western Europe, 11% in the United States, and 6% in other regions, with China’s market demand distinctly in the lead.
Canadian company acquires Emily and Pons projects from NEVS
December 04, 2023
Cars will continue to roll off the assembly line in Trollhättan, Sweden as Canadian company EV Electra acquires the Emily GT and PONS projects from NEVS.
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.
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.
Chinese car brands aggressively expanding overseas
June 30, 2023
In a bold move to disrupt the automotive industry’s dominance by European, America, Japanese, and Korean giants, Chinese car brands are aggressively expanding overseas, unleashing their decades-long influence and expertise onto new territories.
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.
Global NEV sales reached 2.87 million units for 3Q22
November 25, 2022
TrendForce’s latest research finds that global sales of new energy vehicles (NEVs), which encompass battery-electric vehicles (BEVs), plug-in hybrid electric vehicles (PHEVs), and fuel-cell vehicles (FCVs), rose by 70% YoY to 2.87 million units for 3Q22.
Hunan Sanan secures order worth $524 million
November 22, 2022
Hunan Sanan, a Sanan Optoelectronics subsidiary, has signed a procurement letter of intent (LOI) agreement with an automotive partner. Under the agreement, Hunan Sanan will supply USD 524 million worth of SiC chips to the automaker's new electric vehicle product line in the next few years.
Chinese car company to use Infineon's new generation BMS
October 26, 2022
NETA Auto, a Chinese new energy vehicle manufacturer, is the first to implement the new generation battery management system solution from Infineon.
Global NEV sales reach 2.19 million units in 2Q22
August 17, 2022
The new car market remained under the shadow of supply chain shortages and the pandemic in 2Q22 but new energy vehicles (NEVs including battery electric vehicles, plug-in hybrid electric vehicles, and fuel cell vehicles) still outperformed gasoline vehicles and maintained positive growth.
Hellma Materials establishes plant in Sweden
June 27, 2022
Hellma Materials GmbH, a specialist in the production of crystalline materials and calcium fluoride crystals, is starting to set up additional growth capacities for calcium fluoride in Trollhättan.
NEV market grew in 1Q22 – global sales exceeded 2M units
May 16, 2022
According to TrendForce data, total sales of new energy vehicles (NEVs including battery electric vehicles, plug-in hybrid electric vehicles, and fuel cell vehicles) in 1Q22 was 2.004 million units, an annual growth rate of 80%.
Reducing the cost of batteries will become more important
April 19, 2022
As a consequence of rising power battery raw material prices, a number of global new energy vehicle (NEV) brands including Tesla, BYD, NIO, Li Auto, and Volkswagen, have successively raised the sales prices of electric vehicles in 1Q22.
China makes policy to promote waste battery recycle industry
December 09, 2021
Along with the swift development of the Chinese new energy vehicle industry (NEV), the number of retired power batteries has risen year over year with Chinese waste power battery volume estimated to exceed 18GWh in 2021 and reach 91GWh by 2025, according to the latest investigations by TrendForce.
Indonesia's export restrictions on nickel likely to impact EV battery market
November 26, 2021
As the global automotive industry picks up the pace of electrification, there will be a corresponding increase in the demand for nickel, which is a key ingredient for automotive batteries, according to TrendForce’s latest investigations.
Volkswagen builds battery system factory in Anhui (China)
September 28, 2021
Volkswagen Group China is commencing construction of a battery system production factory in Hefei (Anhui province). VW Anhui Components Company is the first battery system plant to be wholly owned by the Group in China.
GaN power devices market to growth at 78% CAGR through 2025
September 13, 2021
Demand for elecom base stations, converters, and charging stations has seen considerable growth this year as a result of ongoing developments in 5G telecommunication, consumer electronics, industrial energy conversion, and new energy vehicles (NEV), according to TrendForce.
VW starts construction of new electric car plant in China
May 03, 2021
The German auto-giant has started the construction of an all-new MEB plant at Volkswagen Anhui recently. The new plant will be the third of the group’s pure-electric vehicle manufacturing facilities in China, following completion of the Anting (SAIC VW) and Foshan (FAW-VW) plants.
Osram sits on the throne as the top automotive LED supplier
March 25, 2021
The COVID-19 pandemic heavily impacted the global auto market and in turn damaged the automotive LED industry in 1H20, according to TrendForce’s latest investigations. However, 2H20 saw a gradual recovery.
Volkswagen intensifies e-mobility activities in China
May 29, 2020
Volkswagen has initiated the next chapter for its business in China. The automotive giant plans to increase its share in JAC Volkswagen, its joint venture for e-mobility.
Sono Motors to cooperate with Valoe on solar solutions
February 27, 2020
Finnish technology company, Valoe Oyj, has signed a cooperation agreement with the Munich based Sono Motors GmbH to become a Technology Partner for the integrated solar components of the Sion, a Self-Charging electric car with solar integration.
Sono Motors hits its target - community funding works
January 22, 2020
The Munich-based mobility provider Sono Motors has successfully completed the extension of its campaign to finance the company and has exceeded its target of EUR 50 million.
NEVS acquires auto technology company Protean Electric
June 03, 2019
National Electric Vehicle Sweden (NEVS), which earlier this year became a subsidiary of Evergrande Health, has acquired British developer of in-wheel motor technology, Protean Electric.
Sono Motors to produce Sion in Sweden
April 18, 2019
German automotive start-up, Sono Motors, announces that their first series production solar electric vehicle (SEV) will be manufactured in Sweden – buy no other EV manufacturer NEVS.
‘Volkswagen Group China is going full-scale electric in 2019’
April 16, 2019
The German car-giant says that China will play a key role in its global transformation and decarbonization program. Thus, this year will see an intensified roll-out of new energy models.
NEVS and Koenigsegg form strategic partnership
January 29, 2019
Two Swedish carmakers, NEVS and Koenigsegg, are together forming a strategic partnership with the aim of developing parallel vehicle models in slightly higher volumes with emphasis on electrification, as well as strengthening growth opportunities in the hyper car segment.
Evergrande buys majority stake EV battery maker
January 28, 2019
Evergrande Health Industry Group – part of the Chinese property developer Evergrande Group – says it has invested RMB 1.06 billion (EUR 137.9 million) for a majority stake in Shanghai CENAT New Energy.
Swedish electric car company Nevs gets a new main owner
January 15, 2019
Chinese property conglomerate Evergrande Group has acquired 51% of the shares in Nevs AB in Sweden.
No more funding issues for Swedish electric car maker Nevs
July 16, 2018
According to the electric car manufacturer, Nevs has won the legal dispute that the company had with the Chinese investment company Beijing Zhigan Shenghou Technology, reports Swedish news agency TT.
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