Nanjing SemiDrive Technology is a Chinese company established in June 2018 that engages in research and development of in-vehicle semiconductor products. Headquartered in Nanjing, Jiangsu province, it has facilities in Beijing, Shanghai and Shenzhen, Guangdong province. Since its founding, SemiDrive has raised more than 700 million CHY through three fund raisings. The funds raised are mainly used for research and development of new products in fields such as smart cockpits for automobiles, ADAS (advanced driver assistance systems), domain controller procRead more...

Envision AESC is a lithium-ion battery manufacturer established by three Japanese companies Nissan Motor, NEC and NEC Tokin in 2007 under the name AESC (Automotive Energy Supply Corporation). It has been a subsidiary of China’s Envision Group since 2019 when the Chinese company acquired an 80% stake in AESC. However, even now, the headquarters is in Japan and Nissan has a 20% stake in the joint venture. Envision AESC plans to build a new plant as Nissan increases production of electric vehicles. In July 2021, plans were revealed that Envision AESC wilRead more...

The Indian passenger vehicle market has a long-term growth potential, backed by a population of 1.3 billion people. However, the Indian market also has some special aspects which negatively affect sales, such as the automobile tax system based on the “total length of 4m” regulation and the price-sensitive consumption tendency rooted in the spirit of “Value for Money” concept. These are well-known issues to those involved in automobile sales in India. Looking at India’s passenger vehicle market in terms of powertrain systems, diesel engines will continRead more...

South Korea’s automobile sales in the first half of 2021 decreased 2.6% from the same period of the previous year to 902,000 units, becoming the second highest level ever after the previous year’s historic high. Sales of locally-made vehicles decreased 5.5% to 750,000 units, while imported vehicle sales increased 15.2% to 152,000 units. Electric vehicles went up 48.5% to 118,000 units, increasing their market share to 13.1%. Of which, hybrids rose 25.4% to 74,000 units and electric vehicles increased 90.7% to 28,000 units. Looking at sales by vehicle Read more...