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TrendForce
TrendForce is a global leader in providing in-depth market intelligence and professional consultation services for clients across a diverse range of industries. Additionally, TrendForce has established itself as a robust platform for exchanging vital market information among firms in different sectors.
EV Battery Prices Drop 3–4% in November, Market Demand Expected to Rebound in 2Q24
TrendForce’s latest investigations reveal that the battery industry’s operating rate fell in November due to a significant cooling in end-user demand. Falling prices of...
Stellantis Invests EUR 1.5 Billion in Leapmotor, Enabling EV Technology Advancements
On October 26, 2023, Stellantis announced a EUR 1.5 billion investment to acquire approximately 20% of Leapmotor, securing two seats on its board. Additionally,...
Amid Chinese Car Price War, Tesla Takes a Step Back, while BYD Secures Sales Crown
Tesla initiated a price war in the Chinese market this year, forcing local manufacturers to confront the challenge. However, after nearly a year of...
Hyundai Defies Headwinds with 1.52 Billion Groundbreaking for Electric Vehicle Plant
In May 2023, Hyundai announced a local investment of KRW 2 trillion (approximately USD 1.52 billion) to establish an EV factory in South Korea,...
Infinite Opportunities in Automotive Sector as IC Design Companies Compete for Self-Driving SoC
In TrendForce’s report on the self-driving System-on-Chip (SoC) market, it has witnessed rapid growth, which is anticipated to soar to $28 billion by 2026, boasting...
Potential Tariffs Spark Electric Vehicle Trade Conflict Between China and EU
According to the article written by Tony Chen, Head of Investment Research at UBS Asset Management, the European Commission initiated an investigation in October...
Huawei’s Electric Sedan Debut Signifies its Goal to Surpass Tesla, Focusing on Market Entry Despite Profit Prospects
According to IJIWEI’s news, during the Huawei Smart Mobility Conference held on November 9, Huawei, in collaboration with Chery, unveiled its first smart electric...
Challenges Loom Over China’s Electric Vehicle Makers as NIO Announces Layoffs
According to Yahoo’s report, recent developments in China’s automotive industry, particularly the electric vehicle sector, have been a mixed bag. While some companies have...
Even Ford Halts EV Investment, How Will the Automakers Adjust Its EV Strategy?
Ford announced the withdrawal of its full-year financial forecast due to the impact of the recent labor strike and ongoing challenges in the EV...
EV Market Faces Challenges, Including Price, Affordability, and Realistic Consumer Expectations
Once considered a driving force behind economic growth, the electric vehicle (EV) market is facing a reality check as consumers are becoming more practical...
