EV


2023-10-31

[News] EV Market Faces Challenges, Including Price, Affordability, and Realistic Consumer Expectations

Once considered a driving force behind economic growth, the electric vehicle (EV) market is facing a reality check as consumers are becoming more practical about their needs due to rising inflation and high-interest rates. Automakers acknowledge that in times of inflation, electric vehicles won't be...

2023-10-30

[News] Nissan Unveils Advanced Solid-State Battery Technology at Tokyo Motor Show

The Tokyo Motor Show, which recently opened in Japan, has garnered global attention from the automotive industry, particularly regarding EV technology, seen as the future of the automotive sector. Just like Toyota, a leader in the Japanese automotive industry, Nissan has showcased its ongoing develo...

2023-10-30

[Insights] Can Foxconn replicate the outsourcing model for EV, as Traditional Car Makes Urgently Cut Costs?

Foxconn Technology Group held its Tech Day on October 18, 2023, focusing on three key areas: AI Smart Factories, CDMS (Contract Design and Manufacturing Services), and Model N. TrendForce's insights: Increasing EV Adoption Crucial for Sustained Growth According to an intention survey by G...

2023-10-27

[News] Via Sampling Method, Chinese Automakers BYD, SAIC Motor, and Geely Face EU Subsidy Inquiry

On the 25th of October, the European Commission announced that, through a sampling method, it has selected three Chinese automakers: BYD, SAIC Motor, and Geely, to initiate an anti-subsidy investigation. The EU had previously declared its intent to investigate electric vehicles originating from C...

2023-10-27

[News] Hyundai Achieves Remarkable Q3 2023 Financial Results and Sets New Highs in EV Performance

Under strong government support, South Korean automakers are making remarkable strides in the global automotive market. Hyundai Motor, the largest car manufacturer in South Korea, reported a significant surge in its third-quarter operating profit, doubling year-on-year, primarily fueled by the robus...

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