Tax Dodging Trend Fuels Surge in Popularity of Chinese EVs in Europe, Hitting Record Market Share in June
July 31, 2024 – Chinese automakers achieved a record-high market share of 11% in the European electric vehicle (EV) market in June, primarily driven by a pre-tariff buying surge as consumers rushed to purchase cars before the implementation of new EU tariffs on Chinese imports. According to data, including the UK, around 23,000 EVs were…
Tesla Reports Robust 2023 Financial Results, Led by Strong Model Y Sales and Soaring Energy Business Profits
January 25, 2024 – Tesla has unveiled its financial results for 2023, revealing a steady increase in revenue and profits despite facing various challenges throughout the year. According to the report, Tesla’s total revenue for the fourth quarter of 2023 amounted to 25.17billion,representinga396.77 billion, a significant 19% increase from 2022. In terms of profitability, Tesla…
KIOXIA and SanDisk Eyeing Collaborative NAND Fab Setup in America
November 29, 2025 – According to a report from Japan’s Nikkan Kogyo Shimbun, KIOXIA and SanDisk are exploring the possibility of jointly constructing a NAND wafer fabrication plant in the United States, a move that is anticipated to receive backing from both the Japanese and American governments. Currently, the NAND wafer fabs operated by the…
OpenAI Takes Action: Blocking API Access in Unsupported Regions
June 25, 2024 – Developers of APIs have taken to social media today to express concern over a “warning letter” received from OpenAI. The letter indicates that the company will be implementing additional measures to halt API usage in unsupported regions. According to the letter, “Based on data, your organization has API traffic originating from…
TikTok’s CEO Vows to Secure Platform’s Flourishing, Expresses Appreciation to Trump
January 18, 2025 – In a video message released on TikTok just four hours ago, the platform’s CEO, Shou Zi Chew, assured the public that he would leave no stone unturned to ensure TikTok’s continued prosperity. On Friday local time, the U.S. Supreme Court handed down a ruling declaring the “ban if not sold” law…
Tech Titans Unveil Next-Gen Operating Systems: A Glimpse into Huawei’s HarmonyOS, Xiaomi’s Surge OS, and Amazon’s Vega
November 10, 2023 – In the rapidly evolving landscape of domestic and international technology markets, various industry giants are forging ahead with the development of cutting-edge operating systems. Within the Chinese market, Huawei has introduced the HarmonyOS, Xiaomi has launched the Surge OS, and Meizu has recently initiated the collection of names for its domestic…
Samsung to Restructure Foundry Business: Aiming to Boost Cross-Departmental Collaboration
September 19, 2024 – According to a report by ChosunBiz on September 18th, Samsung is gearing up to initiate a reorganization plan for its DS (semiconductor foundry) division before the end of the year. The primary objective of this reorganization is to dismantle departmental silos and address issues such as poor communication and team egoism,…
Samsung Galaxy S24 AI Features Come With a Catch in China: Fees After 180 Days
March 12, 2024 – Samsung’s recently launched flagship smartphone, the Galaxy S24 series, has introduced a brand-new “Galaxy AI” feature that boasts AI capabilities such as real-time translation during calls, writing assistance, note-taking help, and instant search. Unlike in overseas markets, Samsung has partnered with Baidu, Meitu, WPS, and other companies to realize the AI…
GM Overtakes Ford, Claims Spot as US’s Second-Largest EV Maker
October 11, 2024 – At its 2024 Investor Day on Tuesday local time, General Motors proudly declared, “We are now the second-largest electric vehicle manufacturer in the United States.” Having surpassed Ford in the third quarter of this year, GM has solidified its position as the second-biggest EV brand in the country. Amid falling EV…
Ford Postpones $12 Billion Electric Vehicle Investment Plan in Response to Market Challenges
October 27, 2023 – Ford Motor Company has announced a postponement of their $12 billion investment plan in electric vehicles, which includes a partnership to build a second battery factory with SK On. During the earnings conference, Ford’s Chief Financial Officer, John Lawler, emphasized that the company remains committed to the electric vehicle sector. Lawler…