May 30, 2022
One in Two Cars Sold Will Have Electric Powertrain by 2030
China will be leading the global EV market, followed by Europe and US. BEV will have nearly 40% share in the global passenger vehicle market by…
April 25, 2022
Tesla Reports Record Revenue in Q1 2022; Rising Raw Material Cost a Challenge
Tesla vehicle deliveries crossed 310,000 units in Q1 2022, a YoY increase of 68%. Revenue reached a record high of $18.8 billion during the……
April 14, 2022
Price Hikes Slow Automotive Industry Recovery
The global automotive industry has been in turmoil since 2020. The industry and its supply chain were initially disrupted by COVID-19, and then by…
April 13, 2022
u-blox Makes a Strong Comeback in 2021; Modules Contribute Most of Revenue
u-blox, a global leader in wireless and positioning technologies, has announced its 2021 financial results. The company made a strong rebound after…
February 4, 2022
STMicroelectronics Q4 2021: Earnings Beat Expectations Driven by Automotive and Industrial
STMicroelectronics one of the leading electronics and Semiconductor manufacturer has announced its Q4 and 2021 Financial Results. Overall the…
January 10, 2022
Top 10 Automotive Announcements at CES 2022
The annual Consumer Electronics Show (CES) held this year from January 5 to 7 saw attendance from tech companies from various domains such as 5G,…
August 23, 2021
Tesla AI Day: From Cars and Chips to Robots
Tesla is no longer a car company but a technology company. It is looking to build highly disruptive, efficient and intelligent products leveraging…
February 17, 2021
Tesla – A Game Changer for India’s EV Industry?
Stagnating electric vehicle (EV) sales in the US have led Tesla to explore overseas markets in Europe and China. But the increasing competition in…
February 3, 2021
Will Foxconn Shake EV Industry?
Apple supplier Foxconn, with an aim to diversify its business and reduce overdependency on Apple for revenue generation, is betting big on electric…
January 19, 2021
Top 10 Automotive Announcements in CES 2021
Like the past few years, automotive players used the 2021 edition of the Consumer Electronics Show (CES), organized from January 11 to 14, to…
August 29, 2020
NIO’s Battery-as-a-Service (BaaS) Strategy: A Smart Move
Nio has launched battery as a service (BaaS) under Nio-Power, offering charging and swapping of batteries for EV owners. BaaS users can buy a Nio car…
July 23, 2020
Tesla Q2 2020: Strong Performance, Positive Outlook
Highlights Tesla ended Q2 2020 with $5.2 billion in automotive revenues, a decline of 3.7% from last year. The performance is impressive considering…
July 14, 2020
Tesla’s Chinese Foray: Why, What and How
In 2018, Tesla CEO Elon Musk signed an agreement with the Shanghai regional government to set up the first Gigafactory in China. Here we discuss why…
May 2, 2020
Tesla Q1 2020: Manages to Stay Profitable
Key Highlights Tesla ended Q1 2020 with US$5.1 billion in revenues, up 37.8% from last year. The company earned a small profit of US$16 million,…
April 16, 2020
Regulatory Gridlocks Slowing Down EV Growth in US
Summary The US remains an important market for automakers, accounting for 20% of vehicles and about 15% of EV sales globally. However, regulatory…
March 20, 2020
COVID-19 Leading Global Automotive Industry to Recession
Overview While China is recovering from the worst impact of the coronavirus, the focus has shifted to Europe and the USA. Factories in Hubei…
March 2, 2020
COVID-19 Impact Scenarios on China’s Automotive Industry
The COVID-19 outbreak continues to develop fast. There are signs of successful containment in some areas in China, while fears grow accelerating…
February 28, 2020
Why is Toyota Partnering with Panasonic to Make EV Batteries?
Background In January 2019, Toyota and Panasonic announced they were forming a joint venture (JV), to manufacture prismatic batteries for electric…