Revolutionizing Tech Manufacturing: Foxconn shifts focus to groundbreaking specialties instead of cutting-edge chips in collaboration with Apple

October 18, 2023

Apple iPhone supplier Foxconn, also known as Hon Hai, has revealed its semiconductor strategy, focusing on producing “specialty chips” instead of competing in cutting-edge chip technology. Chiang Shang-Yi, the chief strategy officer for semiconductor at Hon Hai, stated that the company does not chase after the most advanced technology, but rather focuses on specialty technology …

Anticipating Future Progress: EU Trade Chief Highlights Uncertain Outcome of China’s EV Probe

September 26, 2023

BEIJING — Europe has launched an investigation into Chinese electric vehicle subsidies, but the outcome of the probe remains uncertain, said Valdis Dombrovskis, executive vice president and trade commissioner of the European Commission. Dombrovskis emphasized that the investigation will be “fact-based” and conducted in accordance with EU and World Trade Organization rules. The probe will …

Unleashing Advanced Software and Driverless Technology: Automakers Challenge Tesla and China

September 11, 2023

Amazon, Qualcomm, and Samsung are just a few of the technology companies that made appearances at the IAA motor show in Munich. Their presence highlights the increasing need for traditional automakers to enhance the technology in their vehicles, both in terms of software and hardware, as they strive to keep up with Tesla in the …

Immerse in the Extravaganza of IAA Motor Show: Discover Spectacular Cars on Display!

September 8, 2023

The IAA Mobility motor show in Munich, Germany is in full swing, showcasing an abundance of cars. With a focus on electrification, BMW and Mercedes are highlighting their electric vehicle offerings. Additionally, numerous Chinese companies like Xpeng and BYD are present, aiming to expand internationally. Let’s take a closer look at some of the standout …

Major European car manufacturers prepare themselves for the competition posed by China’s electric vehicle market

September 4, 2023

BMW CEO Oliver Zipse delivered a speech during the unveiling of the new BMW “New Class” at a pre-IAA motor show event in Munich. As the automotive industry transitions towards electrification, several CEOs of Europe’s largest car manufacturers expressed concerns about the competitive threat posed by emerging Chinese companies. Europe’s dominance in the industry was …

Shares of Chinese electric vehicle startup Xpeng experience significant surge following $744 million agreement with ride-hailing giant, Didi.

August 28, 2023

Chinese electric car company Xpeng announced on Monday that it will acquire Didi’s smart electric car development business in a share exchange worth $744 million. This move will make Didi a strategic shareholder of Xpeng, and the two companies plan to collaborate in various areas, including marketing, finance and insurance services, charging infrastructure, robotaxi services, …

From Type 2 to Electric ID Buzz: Tracing the Evolution of the VW Bus

August 25, 2023

Volkswagen’s iconic Type 2 bus, also known as the “bus,” has left an indelible mark on American culture. What started as a humble people-carrier transformed into a symbol of protest during the 1960s, attracting counterculture movements such as antiwar activists, hippies, and civil rights activists. This enduring legacy spans from 1950 to 2003, with four …

Profit growth expected for China’s Xpeng through cost reductions and partnership with Volkswagen

August 21, 2023

A XPeng Inc. G6 electric sport utility vehicle (SUV). Qilai Shen | Bloomberg | Getty Images Xpeng expects cost cuts and its Volkswagen partnership to narrow the firm’s losses, the Chinese EV maker told CNBC in an exclusive interview on Monday. On Friday, the firm logged its biggest quarterly loss since its U.S. listing in …

Q2 2023 Earnings Report for Xpeng (XPEV)

August 18, 2023

A Xpeng P7 electric car is on display during the 18th Guangzhou International Automobile Exhibition at China Import and Export Fair Complex on November 20, 2020 in Guangzhou, Guangdong Province of China. VCG | Visual China Group | Getty Images Shares of Xpeng were down over 6% in pre-market U.S. trade, as the Chinese electric …

VinFast, the EV Manufacturer, Surpasses Ford and GM in Market Value

August 16, 2023

BANGKOK, THAILAND – 2023/05/18: VinFast showcases its vehicles at the Future Energy Asia Exhibition 2023 held at the Queen Sirikit National Convention Center. Nathalie Jamois | Lightrocket | Getty Images VinFast’s shares experienced a remarkable 270% surge following its debut on U.S. exchanges, surpassing the market value of renowned automakers such as Ford, GM, BMW, …