Monthly Archives: September 2023

[News] Volvo Declares the End of their Diesel Car Will be Produced in early 2024

Posted on 2023-09-21 by TrendForce

Source to Volvo’s recent announcement, by 2030 Volvo plans to sell only fully electric cars, and by 2040 aims to be a climate-neutral company. That clear roadmap towards all-out electrification represents one of the most ambitious transformation plans of any …

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[News] BYD Reveals Second Model’s Price in Japan, NIO Raises Funds for Debt Repayment

Posted on 2023-09-21 by TrendForce

Source to media China Timse,  in the realm of China’s mainland new energy vehicle industry, NIO announced on the 20th that it has successfully secured $1 billion in funding through two convertible corporate bond offerings. This move aims not only …

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Surge in Production Demand for Solar N-Type Cells Observed as Battery Technology Evolution Accelerates, Says TrendForce

Posted on 2023-09-21 by TrendForce

Leveraging the superior conversion efficiency of N-type cells, the rise of cost-effective TOPCon cell technology in 2022 has seen N-type cell technology rapidly expand, inviting many solar industry participants into the competition. Currently, PERC cell technology (for producing P-type cells) …

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[News] Reports of Price Increases for Certain MCU Components as Prices Gradually Stabilize

Posted on 2023-09-21 by TrendForce

According to a report by China’s Jiwei, there have been indications of a positive turnaround in the Chinese MCU market recently. Some components are experiencing inventory replenishment, and certain MCU manufacturers have noted an upward trend in component prices, suggesting …

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Passive Component Industry Nearing Bottom, Embracing AI and Automotive

Posted on 2023-09-21 by TrendForce

In the third quarter of 2023, the passive component industry’s inventory has returned to normal levels. However, it continues to deplete due to sluggish end-demand. Nevertheless, downstream customers in the mobile phone and automotive sectors have begun rebuilding their inventories. …

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