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Lei Jun: Xiaomi’s First Car Involves 3,400 Engineers and R&D Costs Exceed 10 Billion Yuan

On December 18th, during an interview on CCTV’s program ‘One On One’, Lei Jun, the founder of Xiaomi Group, discussed the experience and current...

NXP and Foxconn Open Joint Lab to Accelerate SDV Development

NXP Semiconductors and Hon Hai Technology Group (“Foxconn”) opened a joint laboratory in the Foxconn Nankan Facility in Taiwan, marking a new milestone in...

GAC Honda Axes 900 Jobs in Response to Electric Vehicles Revolution

Honda, the Japanese automotive giant, is set to lay off around 900 employees from its Chinese joint venture, GAC Honda. This move comes as...

Tesla plans to restart Giga Shanghai phase 3 project, report says

Tesla plans to restart the third phase of Shanghai plant project, possibly focusing on the production of the $25,000 model, according to local media. Tesla...

SoftBank Invests in Cubic Telecom to gain market in Software-Defined Connected Vehicles

SoftBank Corp. a telecommunications and IT operator headquartered in Tokyo, and Cubic Telecom Ltd. (“Cubic Telecom”), a global provider of software-defined connected vehicle*1 solutions...

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...

Future Technologies, Materials, and Markets for Thermal Management of EVs

The battery deservedly takes the major focus when it comes to technology development in EVs. But an EV's powertrain has to act holistically to...

BYD Selects AWS to Accelerate Global Expansion

Amazon Web Services, Inc. (AWS) announced that BYD, the world’s leading manufacturer of new energy vehicles (NEV), including hybrid and battery electric vehicles, has...

BMW to build charging network in China with Mercedes, aiming for 1,000 supercharging stations by 2026

BMW Brilliance and Mercedes-Benz will set up a 50:50 shareholding joint venture to operate a supercharging network in China. BMW will work with Mercedes-Benz to...

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,...

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