On August 4, Taiwan's Foxconn announced it had struck a deal to sell the former GM production plant in Lordstown, Ohio, for USD 375 million, including its machinery, but said it would continue to use the site to make a broader range of products aligned with its strategic priorities.
Foxconn will sell the site’s land

On August 4, Macauto Industries Co., Ltd. (Macauto) announced a joint venture (JV) with Samvardhana Motherson International Limited (Motherson) to form Motherson Macauto Solutions Limited. The JV will be established in Pune by the third quarter of 2025 and begin production in the fourth quarter of 2025. Macauto's inv

On July 3, multiple sources reported that Taiwan Semiconductor Manufacturing Co (TSMC) will gradually shut down its gallium nitride (GaN) compound semiconductor business within two years. TSMC is cooperating with its customers to ensure a smooth transition. The decision was made after reviewing market conditions and

On July 10, Autoware Foundation announced that Advantech has joined the Autoware Foundation to support the advancement of low-speed autonomy and special-purpose autonomous vehicles. The Autoware Foundation is a non-profit organization supporting open-source projects enabling self-driving mobility.
As part of their in

On July 8, Polish industrial group SKB and XING Mobility signed a memorandum of understanding (MoU) to jointly promote the deployment of immersion-cooled battery technology in Poland and across Europe. The two companies aim to meet the growing demand for reliable, high-performance battery solutions for energy storage

On July 2, SKB Group announced that it has signed an agreement with Formosa Smart Energy, Taiwan.
The agreement will focus on building a platform for electric buses, creating pilot projects and demonstration centers in Europe, commercialization of intelligent charging systems with V2G function, development of modular

On June 25, Foxtron Vehicle Technologies Co., Ltd. (Foxtron), a joint venture between Foxconn and Yulon Group, held a Q1 2025 explanation session to announce that its Model B battery electric SUV has been approved for sale by the government, with launch expected in Q4.
The Model B is a B-class battery electric model

On June 30, Compal Electronics announced that it has completed Phase One of its new manufacturing facility in Czeladź, Silesian Voivodeship, Poland, marking a strategic expansion into the European automotive electronics market.
The new plant will produce automotive electronic parts (AEP), mainly electronic control un

On June 26, EQT announced that BPEA Private Equity Fund VI and BPEA Private Equity Fund VII (EQT) have agreed to sell Pioneer Corporation for USD 1.1 billion to CarUX, a leading innovator in smart cockpit solutions and a subsidiary of top panel supplier based in Taiwan, Innolux Corporation. 
After the transaction, Ca

On June 3, Soitec announced a collaboration with Powerchip Semiconductor Manufacturing Corporation (PSMC). Soitec will supply PSMC 300mm substrates incorporating a release layer, Transistor Layer Transfer (TLT) ready, to support a new demonstration of advanced 3D chip stacking at the wafer level. This marks the first

On May 7, AEye, Inc., a leader in adaptive, high-performance LiDAR solutions, announced it has successfully produced the first Apollo LiDAR sensors from the LITEON manufacturing line in Taipei, Taiwan. This achievement is a key milestone as California-based AEye positions Apollo for high-volume production. 
Designed

On May 7, Mitsubishi Motors announced that the company and Foxtron Vehicle Technologies Co., Ltd. (hereafter, Foxtron), a subsidiary of Hon Hai Precision Industry Co., Ltd. (Foxconn) responsible for developing electric vehicles, have signed a memorandum of understanding (MOU) to supply Mitsubishi Motors with an elect