Tag: China

Industry Focus Areas, Motorized Vehicle, Regulations

China adjusts green regs for gasoline-electric hybrids

June 22, 2020

Via: Automotive News

BEIJING — China reclassified gasoline-electric hybrid vehicles on Monday so they get more favorable treatment than gasoline or diesel counterparts under new clean vehicle rules, making it easier for automakers to meet environmental quotas and offer more choice to consumers. […]

Industry Focus Areas, Motorized Vehicle

China is the ‘first leading indicator’ of a rebound in autos, Marvell Tech CEO says

June 2, 2020


Marvell Technology CEO Matt Murphy on Tuesday expressed optimism about a rebound in the automotive market. In an appearance on “Mad Money,” Murphy pointed to China as a source of that outlook. The semiconductor company, which develops integrated circuits, supplies […]

Industry Focus Areas, Motorized Vehicle

Volkswagen Pours More Than $2 Billion Into China’s Electric-Car Industry

May 29, 2020

Via: The Wall Street Journal

SHANGHAI—Volkswagen AG is investing €1 billion ($1.11 billion) in a Chinese auto maker and a further €1.1 billion in a local battery producer, in the German car maker’s latest bet on the Chinese electric-vehicle sector. Volkswagen is increasing its stake […]

Industry Focus Areas, Motorized Vehicle

Electric vehicle maker Nio eyes listing of new China entity

May 28, 2020

Via: Reuters

Nio secured a 7 billion yuan ($989 million) investment in Nio China from state-controlled investors last month. It would make a comprehensive decision about a stock market listing based on capital market conditions, Nio’s chief executive Li Bin said on […]

Process, Production

China falling badly short of ‘Made In China 2025’ chip target

May 22, 2020

Via: Electronics Weekly

China is going to fall a long way short of its ‘Made in China 2025’ target for domestic semiconductor production, says IC Insights. IC production in China represented 15.7% of its $125 billion IC market in 2019, up only slightly […]

Industry Focus Areas, Motorized Vehicle

Toyota to resume normal operations at Guangzhou plant next week

March 13, 2020

Via: Automotive News

Toyota Motor Corp. said on Friday that production at its plant in Guangzhou, China, would return to normal on Monday, after a month-long output suspension due to the coronavirus outbreak. The Japanese automaker’s plant in southeast China will resume its […]

Process, Production

Fab spend to grow 3% in 2020.

March 10, 2020

Via: Electronics Weekly

China’s fab equipment spending will grow by about 5% to over $12 billion this year and by 22%, or $15 billion, in 2021. Taiwan will spend most in 2020 at nearly $14 billion but will drop to third place in […]

Logistics, Process

Apple supplier Foxconn’s revenue hit by coronavirus

March 5, 2020

Via: Manufacturing Global

Apple’s manufacturing partner Foxconn reported its biggest monthly drop in revenue in about seven years on Thursday as the coronavirus outbreak continued to play havoc with its business. The Taiwanese company, which assembles Apple’s iPhones, saw revenue sink 18.1% in […]

Industry Focus Areas, Motorized Vehicle

China sales drop 80% in February as coronavirus empties showrooms

March 4, 2020

Via: Automotive News

BEIJING — China’s car sales had the biggest monthly plunge on record as the coronavirus kept shoppers away, intensifying the pressure on automakers already battling an unprecedented slump before the outbreak. Sales fell 80 percent in February, the China Passenger […]

Industry Focus Areas, Motorized Vehicle

Toyota plans $1.2 billion EV plant in China with FAW, document says

March 2, 2020

Via: Automotive News

BEIJING/TOKYO — Japanese automaker Toyota plans to build a new electric vehicle plant in the Chinese city of Tianjin with its local partner FAW Group , a document from the local authorities showed. The joint venture between Toyota and FAW […]