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…
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……
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…
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…
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…
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,…
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…
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…
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…
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…
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…
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…
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…
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,…
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…
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…
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…
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…