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Business

CATL, BYD, and Other Chinese Power Battery Makers Compete in European Market

Pandaily - October 26, 2022

In August 2022, the global installed power battery capacity was 45.7 GWh, up 90.3% year-on-year, according to statistics released by South Korean market research...

Tesla price cut: What does it mean for NIO, XPeng, Li Auto?

CnEVPost - October 26, 2022

Tesla's price cut has made the competition in China's NEV industry more intense, with competing models of the Model 3 and Model Y likely...

XPeng Adjusts Organizational Structure to Reverse the Downward Trend of Vehicle Sales

Pandaily - October 25, 2022

Chinese electric vehicle maker XPeng is adjusting its organizational structure. According to a Jiemian News report on October 21, the restructuring started about a...

The robo-taxis market is expected to grow to $11.01 billion in 2026 at a CAGR of 59.3%

PR Newswire - October 25, 2022

The global robo-taxis market is expected to grow from $1.05 billion in 2021 to $1.71 billion in 2022 at a compound annual growth rate...

Automotive IC market grows 13.4% annually by 2026

PR Newswire - October 24, 2022

According to UTMEL, a global distributor of electronic components, the Automotive IC market price will increase up to 10% by 2026 with an average...

Why Are German Automakers Like BMW and Volkswagen Increasing Investment in China?

Pandaily - October 22, 2022

European enterprises are increasing their investment in China one after another. German leading auto manufacturer BMW has decided to halt production of its electric...

Automotive Silicon Carbide Industry to 2030

Business Wire - October 21, 2022

The global market for automotive Silicon Carbide Market is expected to grow at a CAGR of 12.5 % during the forecast period of 2022...

Only way for Xiaomi EV to succeed is to be among world’s top 5, says CEO

CnEVPost - October 20, 2022

The only way for Xiaomi's EV unit to succeed is to be one of the top 5 and ship more than 10 million cars...

CEO of Electronics Giant Foxconn Expresses Hopes to Produce Tesla EVs

Pandaily - October 19, 2022

Young Liu, Chairman and CEO of Taiwan-based electronics manufacturing giant Foxconn, affirmed during the firm’s annual Hon Hai Tech Day on October 18 that...

Hyundai Mobis to supply chassis modules for Mercedes-Benz’s EVs in the U.S.

PR Newswire - October 18, 2022

Mobis begins to supply chassis modules for Mercedes-Benz AG, with luxury and performance automotive brands. Mobis becomes the first non-European supplier for chassis module...