Connected Car Sales Grew 12% YoY in 2022 With Volkswagen Group in Lead
Volkswagen Group led in connected car sales, closely followed by Toyota Group. 4G cars captured more than 95% of connected car sales in 2022. Tesla…
Can Chinese EV Makers Make it Big in Japan?
For an automotive market like Japan, which is the base of global giants like Toyota, Honda, Nissan and Mazda, and saw early entry of hydrogen-fuel…
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…
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…
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…
Top 10 Automotive Announcements in CES 2020
The Consumer Electronics Show (CES), one of the largest global platforms to showcase consumer electronics technologies and innovation, was held in…
How Competition is Driving Innovation in the EV Battery Market
Electric vehicle (EVs) have emerged as a focal point of realizing eco-friendly policies across the world. Increasingly, automobile OEMs recognize…