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BYD’s Self-Developed Inverters Tie Denso for Top Global Market Share in 2Q24

TrendForce’s latest findings reveal that global installations of EV traction inverters reached 6.45 million units in 2Q24, marking a 24% increase from the previous...

Lotte Energy Pioneers Nickel-Plated Foil for Solid-State Batteries

Lotte Energy Materials Corp., a leading South Korean battery materials manufacturer, has announced a significant breakthrough in battery technology with the development of a...

Global NEV Sales Increase 24.2% in Q2; Chinese Subsidies Expected to Boost Market Share for Chinese Brands

TrendForce’s latest findings show that global sales of NEVs—including BEVs, PHEVs, and FCVs—reached 3.769 million units in 2Q24. This represents a nearly 30% quarterly...

LG Energy Solution Enters Battery Safety Diagnostics Software Market

LG Energy Solution announced its strategic expansion into the battery safety diagnostics software sector, reflecting the growing global emphasis on electric vehicle (EV) safety....

Zeekr to launch hybrid model in H2 2025 in major strategy shift

Zeekr will launch a flagship SUV in the second half of 2025 that will offer a variant with a new electric-hybrid powertrain technology, its...

Xiaomi Auto’s Electrification, Connectivity, Intelligence and Sharing review 2024

Research on Xiaomi Auto: Xiaomi Auto's strengths and weaknesses Since the release of SU7, Xiaomi delivered 7,058 units and 8,630 units in April and May,...

VW consolidates EV R&D in China, looks to build ‘Wolfsburg of the East’ in Anhui, report says

In a recent shake-up, Volkswagen moved its BEV R&D resources in China to Anhui province, where it hopes to build a "Wolfsburg of the...

Mercedes-Benz Collaborates with Volcano Engine to Explore Large Models and Generative AI

On August 13th, it was reported that Volcano Engine, the cloud service platform under ByteDance, announced that Mercedes-Benz (China) Investment Co., Ltd. and Beijing...

Tesla Reportedly Halts Plans in Thailand, Malaysia, and Indonesia

Tesla, the electric vehicle giant, initially planned to establish a plant in Thailand, with an estimated investment exceeding USD 5 billion. However, according to...

Signs of a Slowdown Surfaces in Automotive Chip Market Growth

Automotive chip market, previously enjoying robust growth among the semiconductor sector, is now showing signs of slowing down. According to a report from WeChat account...

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