Page 29 - Auto Components News Today

The outlook for third-generation semiconductor demand remains positive, according to GlobalWafers chairperson Doris Hsu, who was speaking in the wake of Teslas intention to slash its use of SiC components in EVs.

LemTech, specializing in heat dissipation solutions and precision metal stamping parts, has disclosed plans to invest US$5 million to build a new manufacturing site in Queretaro, Mexico, catering to the emerging opportunities from electric vehicles (EV) and autonomous driving sectors.

The development of Chinas domestic high-voltage IGBTs faces obstacles such as the countrys limited manufacturing and materials technology capabilities.

Automotive diode specialist Actron Technology has seen strong momentum for its MOSFETs from the light and hybrid electric vehicle (EV) sector, according to the Taiwan-based company.

The European Commission said on March 25 that it has reached a deal with Germany that will allow internal combustion engines (ICE) to run on climate-neutral synthetic fuels (e-fuels) beyond 2035.

With Chinese automakers seeking to get low quotes from their auto component suppliers, the auto component makers reportedly have turned to request their suppliers of chips in oversupply to cut prices by 10-15% as automotive chips are starting to have mixed levels of shortages, according to sources from the related upstream supply chain.

Chinese automakers are attempting to negotiate cheaper bids with component suppliers as they face strong pricing competition in the local market, according to industry sources.

(This story has not been edited by THE WEEK and is auto-generated from a PTI

Leading Indian battery manufacturer Amara Raja Batteries has said they intend to establish a new manufacturing plant operating at a giga-scale capacity, with a primary focus on producing Li-ion cells and battery packs that are optimized for the unique conditions found in India. The move is part of the companys efforts to transition from being just a lead-acid battery maker to an energy and mobility player.

Get latest articles and stories on Business at LatestLY. Benepik, a Rewards, Loyalty and Engagement Gateway to Businesses announced that it has reached a major milestone, nearing INR 100 Crores in revenue in the financial year 22-23. The company has experienced a rapid growth trajectory since its founding, and this latest accomplishment underscores its position as a leading player in the Rewards and Engagement industry. Business News | Rewards and Loyalty Gateway Benepik Nears Rs 100 Crore Reven...