EV


2023-12-13

[Insights] 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 the company adjusts to the shifting market focus towards electric vehicles (EVs). Notably, this marks the first instance of job cuts in the 25-year collaboration...

2023-12-11

[Insights] Analysis of EEA Architecture and ADAS Domain Controllers in EVs

TrendForce has released its latest report, "Analysis of EEA Architecture and ADAS Domain Controllers in New Energy Vehicles," providing a detailed analysis of the evolution of electronic and electrical architectures in new energy vehicles and the current status of ADAS domain controllers. Excerpts f...

2023-11-28

[News] Facing Challenges Inside and Out, BYD Slashes Prices to Boost Sales

This year, BYD, a notable figure in the global automotive market, has recently faced a downturn. The extensive price reductions initiated on November 24th have raised concerns, as it is perceived to contradict the company's earlier commitment to avoid participating in price wars. BYD is now under pr...

2023-11-28

[Insights] 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, Stellantis and Leapmotor will establish a joint venture named "Leapmotor International" with ownership stakes of 51% and 49%, respectively....

2023-11-24

[News] Amid Chinese Car Price War, Tesla Takes a Step Back, while BYD Secures Sales Crown

Tesla initiated a price war in the Chinese market this year, forcing local manufacturers to confront the challenge. However, after nearly a year of intense competition, Tesla unexpectedly called a truce, while Chinese manufacturers led by BYD thrived in the fierce price war, turning adversity into o...

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