Manufacturing
Manufacturing: Production processes and facilities for EV components.
BYD has surpassed Tesla as the world's top-selling EV brand and is projected to rival Toyota and Volkswagen by 2030, though U.S. tariffs largely exclude it from the American market.
BYD plans to commence electric vehicle assembly in Brazil as early as this month, aiming to produce 50,000 units in 2025 from imported kits.
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LG Energy Solution reported a significant operating profit of 492.2 billion won in Q2, marking its first AMPC-excluded profit in six quarters, primarily driven by strong North American demand.
Senator Bernie Moreno, a former car dealer, has introduced several legislative proposals aimed at significantly reshaping the U.S. automotive industry, including tax incentives and regulatory changes.
Chinese researchers developed flexible tandem solar cells, achieving a record 24.6% efficiency and exceptional durability.
The planned billion-dollar Kore Power battery factory in Buckeye, Arizona, remains an empty lot, symbolizing broader challenges for U.S. green manufacturing initiatives.
Vietnamese EV manufacturer VinFast has secured a $510 million private credit loan from Deutsche Bank AG and SeaTown Holdings International to fund its aggressive global expansion plans.
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AlixPartners predicts that only 15 of China's 129 electric vehicle and plug-in hybrid brands will be financially viable by 2030, signaling major market consolidation.