MediaTek Sees India Account for 20% of Global Automotive Chip Rollout in 5 Years

Taiwanese semiconductor giant MediaTek is sharpening its focus on the automotive sector in India, projecting that the country will contribute 20% of its global automotive deployments over the next five years, according to senior company officials. “From an automotive standpoint, India is expected to account for 20% of the total number of deployments in the… Continue reading MediaTek Sees India Account for 20% of Global Automotive Chip Rollout in 5 Years

China’s GAC Fiat Chrysler JV declared bankrupt

Stellantis current US-made Jeep Grand Cherokee. GAC Fiat Chrysler Automobiles Company, the joint venture between the Netherlands-headquartered automaker Stellantis NV and Chinese state-owned Guangzhou Automobile Group, has been officially declared bankrupt. The company recently disclosed documents confirming that a court in China’s Hunan Province has officially declared the company bankrupt, according to local reports. GAC… Continue reading China’s GAC Fiat Chrysler JV declared bankrupt

China’s carmakers expanding their presence in Europe

Chinese carmakers are pushing into Europe, leveraging competitive prices and advanced EV tech to challenge traditional Western auto giants. Chinese automakers are expanding in Europe, betting on their competitive pricing and advanced technology to break into a market traditionally dominated by European and American brands, amid a global shift towards electric vehicles. This expansion has… Continue reading China’s carmakers expanding their presence in Europe

German Manager Magazin: Volkswagen: Audi sales suffer from China and USA004308

Audi’s sales weaken. Especially in China and the USA It went worse in the first half of the year, as the company announced in Ingolstadt on Wednesday. In total, deliveries in the six months of annual comparison decreased by 5.9 percent to 783,531 cars. After all, the pure electric cars (BEVS) went uphill: 101,381 deliveries… Continue reading German Manager Magazin: Volkswagen: Audi sales suffer from China and USA004308

Ford says Michigan EV battery plant ‘on track’ for production tax credits

Ford says its $3 billion Michigan EV battery plant will qualify for tax credits under revised US legislation, easing concerns raised earlier this year. Ford Motor said Tuesday it believes its planned $3 billion Michigan electric vehicle battery plant, which is 60% complete, will qualify for production tax credits after a massive tax and budget… Continue reading Ford says Michigan EV battery plant ‘on track’ for production tax credits