According to a report from MoneyDJ, citing Nikkei, the EU is reportedly considering a ban on carbon fiber used in the automotive sector. With Japanese firms like Toray holding over 50% of the global market, such restrictions could significantly impact Japan’s advanced materials industry, the repor...

As global urbanization continues to be a rising trend, traffic congestion, frequent car accidents, and high vehicular carbon emissions have become the three major issues in modern society’s transportation sector. While electric vehicles (EVs) can reduce carbon emissions and have brought the concep...

According to Economic Daily News, citing Chosun Ilbo, Samsung Electronics Chairman Lee Jae-yong attends the China Development Forum (CDF) in Beijing. Notably, on March 22, Lee visited Xiaomi’s electric vehicle (EV) plant and held a meeting with Xiaomi Chairman Lei Jun. Qualcomm CEO Cristiano Amon ...

According to a report from ijiwei, citing The Wall Street Journal, Germany engineering company Siemens plans to slash over 6,000 jobs across its automation and electric vehicle charging sectors. This includes approximately 5,600 positions globally within the automation segment at Digital Industries ...

Major auto companies have announced layoffs. According to a report from Reuters, citing sources, Porsche AG has decided to cut an additional 1,900 jobs across the company in the next four years after determining that a previously implemented program was insufficient. As noted by the report, Porsc...