Foxconn, the Taiwanese electronics giant known for its massive production of iPhones, is embarking on a significant transformation by diversifying its business model. The company plans to build a new 700-acre campus in Zhengzhou, China, to manufacture electric vehicles (EVs). This strategic move
WeRide, the Chinese autonomous driving company headquartered in Guangzhou, is gearing up for an initial public offering (IPO) on the Nasdaq stock exchange. The company plans to offer 6.45 million American depositary shares (ADS) within a price range of $15.50 to $18.50. This IPO filing was
The Biden administration is gearing up to roll out a proposal that could significantly alter the landscape of the autonomous and connected vehicle industry in the United States. This proposal is set to bar the use of Chinese-developed software and advanced wireless communication capabilities in
Wialon, a fleet management and IoT platform developed by the European company Gurtam, has achieved a remarkable milestone by connecting over four million vehicles across 160 countries. This landmark achievement establishes Wialon as a leader in the global fleet management and GPS tracking industry.
The Asia-Pacific (APAC) region has experienced dynamic shifts in light vehicle (LV) production over recent years, defined by record highs in 2023 and a transition toward normalized output in 2024. This period encapsulates significant fluctuations driven by diverse factors, from pent-up demand
The South African automotive industry is grappling with notable difficulties arising from a reduction in vehicle production. This downturn has far-reaching implications, particularly for component manufacturers, who are experiencing a decline in orders both locally and from overseas. These
