Domestic auto parts manufacturers reported self-settled revenue in January, of which major domestic aftermarket parts supplier Tong Yang Group (TYG) NTD$$1.744 billion is at a 25-month high; while auto lamp maker Depo Auto Parts was valued at NTD$1.434 billion, the second-highest in 10 months. In addition, the combined revenue of the auto transmission system manufacturer Hota Industrial in Jan...

Foxconn Chairman Young Liu revealed on Thursday (Feb. 10) that the company is scheduled to release two more new electric vehicle models this year to tap into the growing EV markets in India, the U.S., and Thailand. The focus on these industries will help bolster Foxconn's business revenue in semiconductor-related growth from 10% to 20%, while auto parts revenue could also see significant growt...

Taiwan Institute of Economic Research (TIER) announced the November manufacturing index on Thursday, signaling that the overall index rose by 0.14 points from 15.14 points revised last month to 15.28 points in November. The index signal, representing the state of the manufacturing index, has remained in the green index for two consecutive months now. The application of emerging technologies an...

With batteries used to power electric vehicles becoming an absolute necessity, raw metal materials in 2021 have seen a sharp rise in demand, and the trend is expected to continue in 2022. However, this will result in higher costs for automotive brands, prolonging the adoption of EVs, commonly touted as a crucial tool in fighting climate change. Just as the world is quickly adapting to the gree...

The demand for cathode materials used in electric vehicle batteries has increased sharply, according to TrendForce's estimates, largely due to the explosion of new energy vehicle production and sales. As the most demanded type of raw material for EV batteries, the shipments of cathode materials benefited from the rapid growth of new energy vehicles. It is estimated that the global demand for c...

The Statistics Department of the Ministry of Economic Affairs announced on Thursday that the industrial production index for November was marked at 137.86, a year-on-year increase of 12.1%; the manufacturing production index for November was 141.16, a single-month high in the past year, with a year-on-year increase of 13.1%, and both marked a 22 consecutive-month expansion. The department estimat...

China Steel Corporation (CSC) is forecasted to drop an average of 2.15% in new market prices next year. Due to the decline in the previous wave of price fluctuation on the coal and iron ore market, low-grade raw material costs have begun to roll into the production line. As a result, CSC has yet to see its profits impacted by the steel price cuts. CSC closed at NTD$35.8 yesterday, down 0.05 y...

In response to the needs of major car manufacturers worldwide to reduce carbon emissions and extend the battery life of electric vehicles, Taiwan's China Steel has been actively engaged in the development of lightweight car bodies in recent years. China Steel reported that it has successfully developed a new generation of automotive steel, called MS1300, 2.2 times stronger than the structural...

The latest report on 2020 to 2021 global automotive LED products released by TrendForce featured figures on how the global LED headlights now make up over 60% of the market in 2021, with permeability rates in the NEV field over 90%. With the automotive market ramping up deliveries and increasing adoption of LED lights, the report expects the global auto LED market industry value to reach USD$3.51...

Tong Yang, a leading manufacturer of automotive aftermarket plastic parts and components, has entered its peak season in terms of revenue. In November 2021, the company reported its self-consolidated revenue was at NTD$1.669 billion, an increase of 4% over the same period last year and a 6% growth over the previous month. In the first 11 months, the accumulated consolidated revenue of 16.684 b...