On June 11, global automotive parts giant Marelli Group announced in an announcement that it had initiated U.S. Chapter 11 proceedings to strengthen financial position and facilitate a value-maximizing restructuring. According to the announcement, Marelli had reached a Restructuring Support Agree...

TCL CSOT announced via its official WeChat account that Xiaomi officially launched its second mass-produced electric vehicle, the YU7, during the "Xiaomi Human-Car-Home Full Ecosystem Launch Event" held on June 26 at 7:00 p.m. The vehicle features panoramic curved projection displays, HyperVision, a...

Just a week after launch, Xiaomi’s second EV, the YU7, priced at 253,500 yuan ($35,360) and nearly 4% cheaper than Tesla’s Model Y, racked up 240,000 orders in just 18 hours, Reuters reports. Meanwhile, Commercial Times highlights TSMC as a big winner, since Qualcomm’s Snapdragon 8 Gen 3 and N...

According to a report from Central News Agency, citing Chinese media outlet Calian Press, the management of China Rare Earth Holdings—a listed subsidiary under China Rare Earth Group—has reportedly seen a wave of departures this year. Rumors suggest many executives have been poached by overseas...

On June 24, automotive parts supplier Continental announced the establishment of a new business unit dedicated to semiconductors, marking a significant step into in-house chip development. To address the growing strategic demand for semiconductors in the automotive industry, Continental has entered ...