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Foxconn to build EV ecosystem and battery production chain in Kaohsiung, Taiwan

Green Car Congress

Foxconn plans to build an EV ecosystem and a complete battery production chain in the southern city as part of its ambition to expand into the EV industry, ranging from the development of EVs to the production of battery packs and cells, and energy storage systems. million (US$50,000) per vehicle.

Taiwan 259
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Molicel to supply battery cells to Archer for production Midnight eVTOL

Green Car Congress

Archer is focused on building an aircraft tailored to the needs of intra-city travel, optimizing its Midnight aircraft to perform back-to-back short distance flights of about 20 miles with approximately 10-minute charging cycles in-between. Molicel belongs to the energy business of Taiwan Cement Corporation (TCC).

Taiwan 334
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SEMI forecasts global chip industry to invest >$500B in new factories by 2024; automotive and HPC

Green Car Congress

The projected growth in global factory count includes a record high 33 new semiconductor manufacturing facilities starting construction this year and 28 more in 2023. Taiwan is expected to start construction on 14 new facilities, while Japan and Southeast Asia are each projected to begin building six new facilities over the forecast period.

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FREYR Battery in license & services agreement with Aleees for LFP cathode active material

Green Car Congress

FREYR Battery has entered into an agreement with Aleees , the Taiwan-based lithium-iron phosphate (LFP) cathode battery material manufacturer. There is high global demand at present for active cathode material in general and LFP material in particular. Tilo Hauke, EVP of Supply Chain Management, FREYR.

Taiwan 186
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Europe will miss 2030 chip market goal, says ASML CEO – ET Auto

Baua Electric

Global semiconductor sales are expected to grow from USD 600 million this year to more than USD 1 trillion by 2030, and all capacity currently planned in China will be needed. “If you want to get to 20%, you just have to calculate how much you need to build here.” ASML equipment sales to China hit 6.3 billion euros (USD 6.9

Europe 52
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Could SMIC become a global player in semiconductor industry

Baua Electric

Semiconductor Manufacturing International Corporation (SMIC) has been making significant strides in the semiconductor industry and has aspirations to become a global player. However, the landscape of the semiconductor industry is complex and competitive, with several established players dominating the market.

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Tesla India teams reassigned to other Asia-Pacific markets

Teslarati

The Tesla India team was reassigned to Asia-Pacific (APAC) and other markets. It also included David Feinstein, who has been with Tesla for years and works with global and international businesses. Most of Tesla’s employees in India were tasked to focus on the company’s efforts in Dubai and other Middle-East markets.

Asia 98