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2023-10-06

[News] Foxconn’s Electric Vehicle Business Push Strengthens Profitability

According to Taiwan's Economic Daily, Hon Hai Precision Industry Co., also known as Foxconn, is set to begin mass production of its electric vehicle Model C in the fourth quarter. With electric vehicles offering higher profit margins compared to iPhone assembly, this move is expected to further boos...

2023-10-06

[News] Chinese Battery Firms Propel Global Expansion: At least five Major Announcements in One Week

According to a recent report by itdcw, several Chinese new energy companies unveiled ambitious overseas expansion plans during the last week of September, with the highest investment commitment reaching almost a billion dollars. This development comes as global demand for batteries skyrockets, d...

2023-10-06

[News] Impressive Rise in China’s September EV Sales; NETA Auto Eyes 2023 Recovery

Several Chinese new energy vehicle manufacturers disclosed their delivery and sales data for September on Sunday, October 1. GAC Aion, in particular, reached a significant milestone by surpassing 50,000 in sales, while Li Auto Inc. experienced a remarkable 200% surge in deliveries. ......

2023-10-05

Panel Prices Remain Stable in Early October, Rising Trend Starts to Weaken

Entering the fourth quarter, demand for television panels has started to weaken steadily, prompting brand customers to request price reductions. However, from current observations, panel manufacturers are still implementing strict production rate controls, attempting to keep prices stable and minimi...

2023-10-05

[NEWS] LG Energy Solution to Supply Toyota with 20GWh of High-Nickel NCMA Battery Modules Annually from 2025

Source to LG Energy Solution, LG Energy Solution, and Toyota Motor North America, Inc. (Toyota) today announced that they have signed a supply agreement for lithium-ion battery modules to be used in Toyota battery electric vehicles (BEVs) that will be assembled in the United States. Under the co...

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