EV


2023-11-24

[News] Huawei Reportedly to Spin Off Car Business Unit, Changan Auto Considered as Potential Acquirer

On November 23, YICAI reported that Huawei is set to divest its Smart Car Solutions Business Unit (referred to as "Car BU"), with the business subsequently being acquired by the Chongqing State-owned Assets Supervision and Administration Commission, making it the largest shareholder. However, to ...

2023-11-24

[News] Is this China Automaker Building a Team for In-House SiC Power Chip?

Recent reports suggest that Li Auto, a Chinese new energy vehicle company, is currently building a team in Singapore dedicated to the R&D of SiC power chips. On LinkedIn, Li Auto has posted five recent job openings in Singapore, including roles like General Manager, SiC Power Module Failure Anal...

2023-11-21

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

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...

2023-11-16

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

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

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...

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