Subject


Automotive Technologies


2023-11-21

[Insights] Hyundai Defies Headwinds with 1.52 Billion Groundbreaking for Electric Vehicle Plant

Automotive Technologies

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, with a groundbreaking ceremony held on November 13. The factory is expected to be completed in 2025, with electric vehicle production set to commence in the...

2023-11-20

[Insights] Infinite Opportunities in Automotive Sector as IC Design Companies Compete for Self-Driving SoC

Automotive Technologies

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 a Compound Annual Growth Rate (CAGR) from 2022 to 2026. Rapid Growth in the Self-Driving SoC Market Becomes a Key Global Opport...

2023-11-16

[News] Xiaomi’s Car Appears in China Gov’t Catalog, Said to Launch in February Next Year

Automotive Technologies

Xiaomi's venture into automotive industry takes a significant stride as the company's latest models, SU7 and SU7 Max, makes its debut in the latest catalog from China's Ministry of Industry and Information Technology. The listed entity is Beijing Automotive Group Co., Ltd. (BAIC), marked by the dist...

2023-11-16

[News] Potential Tariffs Spark Electric Vehicle Trade Conflict Between China and EU

Automotive Technologies

According to the article written by Tony Chen, Head of Investment Research at UBS Asset Management, the European Commission initiated an investigation in October into Chinese electric car manufacturers suspected of receiving national subsidies. The EU believes that Chinese state subsidies will creat...

2023-11-13

[News] Tesla’s Indian Factory in the Works: Reports Suggest India Mulls Slashing Import Duties to Attract Tesla’s Facility

Automotive Technologies

According to IJIWEI News, two Indian government officials have revealed that India is considering Tesla's request to reduce import duties on electric vehicles as an enticement for the company to establish a factory in the country. Tesla has reportedly indicated that establishing a facility in Ind...

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