According to Economic Daily News, the U.S. has announced a significant reduction in tariffs on Indonesian goods, cutting the rate from 32% in early April to 19%—the lowest among all Asian countries at present. Taiwanese electronics manufacturers such as Foxconn and Pegatron, which have production ...

While the rare earth market has been volatile since April, when China— the top supplier— imposed export controls amid escalating trade tensions with the U.S., this has yet to stop global buyers to secure the crucial materials used in powerful magnets. According to Bloomberg, China’s rare earth...

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...