ed to FY2024 results, and to return operating income and free cash flow to profitability in the automotive business.   Mitsubishi Motors and Foxtron Vehicle Technologies Co., Ltd. (Foxtron), a subsidiary responsible for developing electric vehicles (EVs) under Hon Hai Precision Industry Co., Ltd. (Foxconn), have announced that they have signed a memorandum of understanding and will proceed with discussions to supply EVs developed by Foxtron to M...

Market & Tech Reports  Updated at: 2025/05/26

Taipei AMPA 2025: EV Technology from Foxconn Vast Power's commercial vehicle electric powertrain Summary Foxconn: EV, battery, semiconductor-related Vast Power: Electric powertrains for commercial vehicles Taipei AMPA venue entrance   Taipei AMPA 2025, the Taipei International Automobile & Motorcycle Parts & Accessories Show, Taiwan's largest comprehensive exhibition for automobiles, motorcycles, and car electronics, was organized by TA...

Market & Tech Reports  Updated at: 2025/05/19

Foxconn EV Strategy Briefing Specializing in contract production, launching EV models in Japan, the U.S., and Oceania Summary EV development conducted by Foxconn and Foxtron, also working with Sharp EV Strategy: Solidify business through contract manufacturing, design, and vertical integration EV development: From small cars to buses Briefing by Mr. Jun Seki, CSO of Foxconn   The "Foxconn EV Strategy Briefing" hosted by the Hon Hai Tech...

Market & Tech Reports  Updated at: 2025/04/17

026 calls for investing EUR18 billion, of which EUR 10.6 billion will be for R&D, with the company continuing to strongly promote development in growth areas (the remaining EUR 7 billion will be for assets such as plants and equipment). The company supplies chassis modules and is participating with Foxconn (Hon Hai Precision Industry Co., Ltd.) in EV platforms. Business overview: Gearbox application products for automotive use such as MT, AT, A...

Market & Tech Reports  Updated at: 2025/04/15

Smart Energy Week Spring 2025 (2) BEVs, Batteries, and Chargers Mitsubishi commercial EVs, Sharp/Foxconn BEV concept, CATL battery packs for Kei-class BEVs, etc. Summary BEV (Mitsubishi Motors, Mitsubishi Fuso Truck and Bus, CONNEXX SYSTEMS, Taiho Industrial, Sharp) Battery packs and cells (CATL, BYD, OPmobility, Sanoh Industrial, CONNEXX SYSTEMS) Non-lithium battery types, capacitors (Nippon Electric Glass, LBHunet, Ioxus Japan, Niterra, JTEKT) ...

Market & Tech Reports  Updated at: 2025/04/08

make it considerably easier for newcomers in the SDV field to enter the market. Cofounder of TTTech Georg Kopetz (left) and NXP CTO Lars Reger are pleased with the planned integration of TTTech Auto into NXP, which was announced shortly before the opening of CES. Acquisition price: $625 million Foxconn’s technology demonstrator Foxtron Model B is still just a concept vehicle - as seen at the NXP booth   In a few years we will have found ...

Market & Tech Reports  Updated at: 2025/03/21

lso announced that they have agreed to terminate the memorandum of understanding (MoU) with Mitsubishi Motors Corporation regarding the study of a three-company cooperative structure. The breakdown of the management integration talks has also drawn attention to Hon Hai Precision Industry Co., Ltd. (Foxconn), which is seeking a partnership with Nissan and Renault.   Germany   New vehicle sales in January were 208,000 units, reflecting an decreas...

Market & Tech Reports  Updated at: 2025/02/26

tners Conference 2025 in Thailand (November 29, 2024) https://www.marklines.com/en/news/318438 41st Thailand Motor Expo opened, featuring “Innovative Spirit…Futuristic Vehicles” concept (November 28, 2024)https://www.marklines.com/en/news/318395 PTT to reportedly suspend investment in JV with Foxconn for EV manufacturing in Thailand (November 26, 2024) https://www.marklines.com/en/news/318251 Nissan to reportedly reconstruct business in Th...

Market & Tech Reports  Updated at: 2025/02/25

and thus advancing sustainability.   William Wei, FPT Automotive, CMO & EVP – Skymizer   Mr. Wei is the Executive Vice President and CMO of Skymizer, as well as a Senior Executive Consultant at FPT Automotive. A computer engineer who began his career at NeXT and Apple, he later served as CTO at Foxconn before joining Skymizer in 2022. Recognized as a pioneer in AI transformation, he is known for his contributions to AI chip technology and inf...

Market & Tech Reports  Updated at: 2025/02/12

s. Expanding activities in the United Arab Emirates (UAE). Deliveries of limited production flagship model to began in 2023. Lordstown Motors (Lordstown Motors Corporation) Full-size pickup trucks The company filed for bankruptcy protection after its partnership with the Hon Hai Technology Group (Foxconn), the buyer of the Lordstown, Ohio plant, fails. The company is considering business restructuring and business continuity processes. Initial ...

Market & Tech Reports  Updated at: 2024/04/02

heavy-duty vehicles, regardless of whether they are ICEs or xEVs. In terms of the latest EV technology, the company is touting an 800 V powertrain system called the EVmore drive concept, which can reduce energy loss by 30%. In addition, the company supplies chassis modules and is participating with Foxconn (Hon Hai Precision Industry Co., Ltd.) in EV platforms. Business overview: Automatic transmission products MTs, ATs, AMTs, DCs, etc. AT mo...

Market & Tech Reports  Updated at: 2024/03/21

stem information.   In the area of braking systems, ZF jointly developed a regenerative braking system for electric trucks with Tevva Motors Limited (Tevva) of the U.K. In November, a fully electric braking system was announced.   The company also announced that Taiwan's Hon Hai Technology Group (Foxconn) will acquire a 50% stake in ZF Chassis Modules GmbH, a passenger car axle system manufacturer. Leveraging the strengths of both companies, th...

Market & Tech Reports  Updated at: 2024/01/19

lantis acquired aiMotive Kft., a Hungarian automated driving software developer.   For semiconductors, which are essential for BEVs and automated driving technology, a multi-faceted strategy will be implemented to ensure supply in response to demand. The company will establish a joint venture with Foxconn to design and sell semiconductors for the automotive industry.   Activities in automated driving technology Opel participating in German g...

Market & Tech Reports  Updated at: 2024/01/11

rtruck was shown for the first time in 2019, but as of July 2023 there is still no date for its start of series production.   But not every market launch goes smoothly. At the end of June 2023, the start-up Lordstown filed for bankruptcy. The brand is named after the town of Lordstown, Ohio, where Foxconn bought a former GM factory as an investor. However, the price war for electric vehicles is fierce, and, according to several reports in the US...

Market & Tech Reports  Updated at: 2024/01/05

and has a long lifespan.   GUS Technology/MIH Consortium: Battery cells and modules GUS Technology battery cells and modules   GUS Technology Co., Ltd. exhibited battery cells and modules at the booth of the MIH Consortium, which is led by Taiwan's Hon Hai Precision Industry Co., Ltd. (Foxconn).   The company’s lithium-ion battery cell lineup includes the typical NCM (nickel-cobalt-manganese) type and the LTO (lithium titanate) ty...

Market & Tech Reports  Updated at: 2023/11/30

Japan Mobility Show 2023: Electrification Technologies (1) Electric powertrains (e-Axle, motors, inverters) Summary e-Axle (BYD, Foxconn, Hino, Aisin, Valeo, Bosch) Motors, inverters (Hitachi Astemo, MAHLE, Denso, THK, NPR-Riken)   The Japan Mobility Show 2023, organized by the Japan Automobile Manufacturers Association (JAMA), was held at the Tokyo Big Sight convention and exhibition center (open to press from October 25, general public from Oc...

Market & Tech Reports  Updated at: 2023/11/17

largest market for motorcycles in Southeast Asia, the capacity to manufacture motorcycles, and the world's largest reserves of nickel, the main raw material for batteries), and the building of an ecosystem could generate USD 10 billion in economic value and 200,000 jobs by 2030.   Four companies - Foxconn, Gogoro, Indonesia Battery Corporation (IBC), and energy company Indika Energy - have announced a new mutually beneficial collaboration in are...

Market & Tech Reports  Updated at: 2023/08/25

ant Plan announced in April 2023 Neta to build right-hand drive EV manufacturing site Groundbreaking ceremony held in March 2023, annual production capacity 20,000 units EV Primus to build EV assembly plant Assembly scheduled to begin in September 2023 Joint venture between PTT subsidiary and Foxconn to build EV plant Production scheduled to start 2024, annual production capacity 50,000 units Vietnam Great Wall Motor plans assembly plant ...

Market & Tech Reports  Updated at: 2023/08/16

iration could face more challenges than opportunities https://www.marklines.com/en/news/285706 LMC Automotive blog: VinFast’s BEV plan – is a rethink needed? https://www.marklines.com/en/news/284263   ASEAN Market Report Arun Plus: The First of Thailand, EV Automotive Industry Partnership with Foxconn - EV production is a jigsaw puzzle https://www.marklines.com/en/report_all/rep2450_202303 ASEAN Vehicle Sales and Production Update (Q4 2022) ...

Market & Tech Reports  Updated at: 2023/05/17

Arun Plus: The First of Thailand, EV Automotive Industry Partnership with Foxconn - EV production is a jigsaw puzzle Summary Arun Plus - EV business entity of the PTT Group Partnership with Foxconn - EV is a disruptive technology Supply Chain - Transformation is key to EV mobility Public EV Charging Stations - PTT taking the lead to transformation 30-30 Policy offers stimulus to EV mobility Horizon Plus EV manufacturing facility at the Roja...

Market & Tech Reports  Updated at: 2023/03/20