Intelligent battery sensor market to reach $18.6 billion by 2032
March 27, 2025
The intelligent battery sensor market is witnessing significant growth, driven by the rising adoption of EVs, demand for battery management systems, and integration of smart automotive technologies.
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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.
CDIL teams up with Infineon to make power chips
March 07, 2025
Under the agreement, German firm Infineon will supply bare semiconductor wafers to CDIL, which the Indian company will process and use for assembly and packaging to make power chipsets.
Global PCB market set to grow by $26.8 bn by 2029
January 31, 2025
Increased demand for electronic devices will drive uptick, although challenges will persist around environmental concerns, report concludes.
Turntide Technologies centralises UK operations and expands to India
January 16, 2025
Turntide Technologies has taken a significant step in its growth strategy by centralising its UK operations. The company has integrated three of its UK facilities into a single, centralised engineering campus located in Team Valley Gateshead.
Foxconn invests $82M in EV battery plant in Zhengzhou
December 26, 2024
The move is another attempt by Foxconn to diversify beyond its iPhone business with forays into sectors such as EVs, semiconductors and robotics, the South China Morning Post report indicates.
GAC Honda begins operation of NEV production plant in Guangzhou
December 26, 2024
The new NEV production plant features the latest production equipment to achieve a highly efficient, smart and low-carbon production system.
Hyundai, Kia’s Europe sales down 7.5% in October
November 22, 2024
While Hyundai’s sales fell 3.9% to 41,594 units, Kia’s dropped 11% to 41,246 units.
Nissan, Mitsubishi form JV in EV, autonomous push
November 04, 2024
The joint venture aims to provide robotaxi services using Level 4 autonomous driving technology and at-home EV battery storage, among other services.
Amber Enterprises, Korea Circuit partner to make PCBs in India
October 17, 2024
Through this collaboration, the companies plan to bring cutting-edge technology and manufacturing processes to the Indian market.
France plans to cut assistance for EV purchases, raise penalties
October 11, 2024
Currently, USD 1.64 billion is allocated to the scheme, which includes a bonus of up to USD 7,634 for an electric vehicle and financing for leasing.
Exicom acquires US EV charging company Tritium for $37 million
October 07, 2024
Exicom plans to establish a manufacturing facility in Hyderabad that will utilize Tritium’s technology to create electric vehicle solutions.
After EU imposes hefty EV tariffs on China, fears of a trade war
October 07, 2024
The proposed duties of up to 45%, due to be imposed from next month for five years, will cost automakers billions of extra dollars to bring the vehicles into the bloc.
Nio gets $1.9 billion injection from parent, investors
September 30, 2024
Strategic investors have agreed to invest USD 470 million in cash in Nio China. The carmaker has also agreed to invest USD 1.4 billion in cash to subscribe to the newly issued shares of Nio China.
EU electric car sales plunge 44% in August
September 19, 2024
EV sales have fallen for the fourth consecutive month, prompting the European Automobile Manufacturers' Association (ACEA) to call for “urgent action” to stem further decline.
Indian EV market may surge to $120 billion by 2030
September 13, 2024
Currently, there are 3 million electric vehicles registered in India, with two-wheelers making up 56% of total sales. In 2023-24 there was a 45% increase in sales of EVs.
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.
Auto sector could face billions in fines amid EV slowdown, Renault CEO warns
September 09, 2024
Europe's automakers face more stringent EU CO2 targets heading into next year as the cap on average emissions from new vehicles sales drops from 116 grams/km in 2024 to 94 grams/km in 2025.
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 component distribution sees further drop in sales
August 07, 2024
The turnover of Germany's electronic component distribution (according to FBDi e.V.) declined by 38% in the second quarter of 2024. Incoming orders remain at a low level, and the outlook for the full year is expected to remain negative.
Foxconn to invest $137.5 million in new Zhengzhou HQ
July 26, 2024
Taiwan's Foxconn, the world's largest contract electronics maker, has signed a contract with the Henan provincial government to build a 700 acre business headquarters.
Estonian company starts production of EV fast chargers
June 18, 2024
Estonian technology company Bercman Technologies has formed a new subsidiary, Bercman Energy. The core business of the new subsidiary is the production, and sale of fast chargers for electric vehicles.
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.
Foxconn sets up dedicated EV division
January 12, 2024
Foxconn Technology Group is accelerating its move into the automative sector with a newly created division: Foxconn New Energy Automobile Industry Development Co.
Tamil Nadu region secures $4.39bn from electronics giants
January 08, 2024
India's southern state of Tamil Nadu has received investment pacts from Tata Electronics Pegatron, Hyundai Motors, Vinfest and others.
12 auto and chip companies form SoC research consortium
December 28, 2023
Honda, Nissan, Renesas and Socionext are among the firms to have launched the "Advanced SoC Research for Automotive" (ASRA) association.
T-Hub unveils backing for 10 semiconductor startups
November 24, 2023
Indian incubator T-Hub has confirmed the list of companies to make its 'semiconductor cohort 2'.
Market share of OLED automotive panels continues to grow
September 26, 2023
The latest “Automotive Display Market Analysis” from TrendForce indicates that the overall demand for automotive display panels (automotive panels) is gradually stabilizing and shows an upward trend as the automotive market as a whole slowly recovers, and promotional activities related to smart cockpits continue to expand.
Clarios to acquire Paragon's battery unit
August 30, 2023
Clarios, a company focusing on the manufacturing and recycling of advanced, low-voltage networks and batteries, will purchase Paragon GmbH & Co. KGaA's power business that produces batteries and battery management systems for the automobile industry.
Synopsys completes its acquisition of PikeTec GmbH
August 24, 2023
Synopsys has completed the acquisition of PikeTec GmbH, a specialist in solutions for the testing and verification of automotive software for control unit systems.
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.
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