Page 25 - Auto Components News Today

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Get latest articles and stories on Business at LatestLY. Gurugram (Haryana) [India], May 25: MOVIN, a logistics brand launched as a joint venture between UPS and InterGlobe Enterprises, celebrates the completion of its first year of operations with the inauguration of its 11th strategic hub in Kanchipuram, Chennai. MOVIN, today, also announced introduction of Electronic Vehicles (EV) in Delhi, Mumbai, Bengaluru, and Chennai by end of 2023. Business News | MOVIN Celebrates One Year of Operations...

South Korean Trade, Industry and Energy Ministry announced on May 23 that the government and local automakers will invest KRW14.3 trillion (US$10.9 billion) in the automotive component industry, helping EV production grow fivefold by 2030.

In response to increased competition from Chinese competitors, SiC substrate suppliers from Europe and the US have slightly lowered prices for Asian customers, according to industry sources.

Market sources recently pointed out that Taiwan-based Largan Precision has privately settled its patent infringement "warning" against EV leader Tesla regarding automotive lenses. According to sources, Largan has already obtained most of Teslas automotive lenses order.

Automotive peripheral chip suppliers in Taiwan and China are enduring a temporary inventory correction, according to industry sources.

To catch up in the worlds largest EV market, Volkswagen has focused on software R&D. The European carmaker is reportedly in talks with tech company Huawei to use the latters software in Volkswagen cars in China, hoping the potential collaboration would facilitate its market share.

Tron Future Tech, a Taiwan-based startup specialized in active electronically scanned array (AESA) for drone and space applications, recently announced success in delivering the prototype of T.SpaceRouter, its automotive user terminal for low-earth orbit (LEO) satellite communication. In a press release, the company claimed that the T.SpaceRouter sourced 85% of components locally, marking a milestone for domestically developed automotive LEO satellite communication user terminals.

Andes Technology, a silicon IP vendor, will commit to supporting future cars with its RISC-V product line, according to the company.

22nd Edition of Manufacturing IT Summit, Mumbai