The company is projecting a 20% profit increase in this segment this fiscal year. Go to Source
Author: Tech In Asia Online News
CATL, Stellantis to build $4.3b EV battery plant in Spain
The Zaragoza plant will produce lithium iron phosphate batteries for mid-range EVs, set to commence in 2026. Go to Source
SG’s Tada launches beta ride-hailing service in HK
It will operate in key areas, including Hong Kong Island, Kowloon, and the international airport. Go to Source
South Korean EV battery makers lose share to China
The decrease for South Korean producers is linked to the rise of cost-effective Chinese rivals. Go to Source
Chip firm NXP sees auto, IoT growth
The company expects growth rates of between 9% and 14% for these sectors from 2025 to 2027. Go to Source
Tesla fails to overturn ruling on Musk’s $56b pay deal
Judge McCormick criticized Tesla’s legal arguments for inconsistencies with established legal precedents. Go to Source
Hyundai unveils wearable robot to boost worker strength
The X-ble Shoulder weighs about 1.9 kilograms, made from carbon composite and durable materials. Go to Source
Chinese ride-hailing company Didi reports $128m net income
For the quarter, revenue rose by 5%, totaling US$7.43 billion. Go to Source
Chinese EV battery maker denies Xinjiang forced labor claims
The US has recently extended its ban on imports from around 30 Chinese companies, alleging forced labor involving Uyghurs. Go to Source
Asia layoff tracker: latest on Sky Mavis, Ola Electric
Tech firms are dismissing staff to stay afloat as headwinds hit Asia. This layoff tracker is keeping tabs on marching orders. Go to Source