NaaS joins hands with Xiaomi Auto to boost EV charging March 18, 2025 Xiaomi Auto users will be able to access NaaS’s extensive charging network in China through Xiaomi Auto App and the in-vehicle charging navigation system.
Lithium-ion battery market to reach $483 billion by 2032 February 07, 2025 China is set to lead the market with its insatiable thirst for electricity, which will account for 40% of all demand by 2030. China also has a strong supply chain for lithium-ion batteries.
Global EV sales projected to rise 30% in 2025 December 30, 2024 China remains the leader in EV adoption, with electric cars expected to make up 29.7% of the market in 2025. But the pace of growth in China is slowing, with an expected year-on-year increase of 20%.
Fire breaks out in CATL factory in China, no casualties reported September 30, 2024 Emergency services were sent to the plant belonging to Chinese battery maker to fight the fire and organize the evacuation of any people inside the 15,000 square metre facility in Ningde.
STMicroelectronics and Geely cooperate June 06, 2024 Third-generation SiC MOSFETs from the European giant will help increase the powertrain efficiency for Geely Auto Group battery electric vehicles. At the same time, companies have established an Innovation Joint Lab to support the development of smart, electrified, and connected cars.
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.
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.