Industry News_Jiangsu Rothwell Electric Co., Ltd

2024-09

Mid-year Observation of the Automobile Market | Strong Performance of Domestic Brands, New Energy Vehicles Become a Highlight

In the first half of 2024, driven by the continuous implementation of favorable policies such as trade-in and new energy vehicle rural promotion, automakers accelerated the research and development of new technologies and models. Coupled with automakers' efforts to boost sales in the first half of the year, the consumption potential of the automotive market was further unleashed, and automobile production and sales maintained steady growth. Data released by the China Association of Automobile Manufacturers (CAAM) shows that from January to June this year, automobile production and sales reached 13.891 million and 14.047 million units respectively, representing year-on-year increases of 4.9% and 6.1% respectively.

2024-09-02

Mid-year Observation of the Automobile Market | Strong Performance of Domestic Brands, New Energy Vehicles Become a Highlight

2024-09

Multinational auto parts company's semi-annual report: challenges encountered in electrification-related businesses

Recently, many multinational auto parts giants have followed the pace of automakers and disclosed their performance in the first half of 2024. According to incomplete statistics from reporters at the Daily Economic News, as of now, multinational auto parts suppliers such as ZF, Continental Group, Forvia, Valeo, BorgWarner, Magna, and Aptiv have all released their financial reports for the first half of this year. From the data, few companies have achieved dual growth in revenue and profit. Among them, ZF leads with revenue of 22 billion euros, but its revenue and profit have both declined; BorgWarner is the only parts company to achieve growth in both revenue and net profit.

2024-09-02

Multinational auto parts company's semi-annual report: challenges encountered in electrification-related businesses

2021-06

Huawei to Launch Sub-brand Car: Investment in Smart Car Department Exceeds US$1 Billion This Year

Huawei's rotating chairman and executive director, Xu Zhijun, stated that Huawei will heavily invest in autonomous driving software, promoting the integration of the automotive and ICT (Information and Communications Technology) industries, and bringing long-term strategic development opportunities for Huawei.

2021-06-16

2021-06

The White House convenes a chip summit with major corporations, aiming to restore industry leadership.

On April 11, executives from US automakers and companies involved in the semiconductor supply chain, which have been struggling with chip shortages, went to the White House to attend the CEO Summit on Semiconductors and Supply Chain Resilience.

2021-06-16

The White House convenes a chip summit with major corporations, aiming to restore industry leadership.

2021-06

Tesla: A data center has been established in China to achieve localized data storage.

On May 25, Tesla's official Weibo account announced that Tesla has established a data center in China to achieve localized data storage, and will gradually add more local data centers. All data generated by vehicles sold in mainland China will be stored domestically.

2021-06-16

Tesla: A data center has been established in China to achieve localized data storage.

2021-06

Soaring Prices! Chip Prices Surge 5-fold! From Unavailability to Unaffordability, Hundreds of Industries Worldwide Affected

According to CCTV Finance, a recent Goldman Sachs research report indicates that as many as 169 industries worldwide have been affected to varying degrees by the chip shortage, including steel products, concrete production, air conditioning manufacturing, beer brewing, and even soap production.

2021-06-16

Soaring Prices! Chip Prices Surge 5-fold! From Unavailability to Unaffordability, Hundreds of Industries Worldwide Affected

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