ELECTRONICS NEWS HIGHLIGHTS 10/18/2021
Foxconn Advances Further Into the North American EV Market, VinFast announces global premiere of its new EVs, The Center of East Asia’s MCU Industry Tilts Toward China
ELECTRONICS NEWS HIGHLIGHTS 18/10/2021
1. Foxconn Advances Further Into the North American EV Market
Lordstown Motors Corp., a provider of electric light duty trucks focused on the commercial fleet market, and Foxconn, the world’s largest contract electronics manufacturer, announced that it had reached an agreement in principle to work jointly on Lordstown Motors’ electric vehicle programs in Lordstown Motors’ production and assembly plant in Lordstown, Ohio.
The agreement between both companies would allow Lordstown Motors to leverage the technology and manufacturing expertise of Foxconn, as Lordstown Motors pursues the production of electric vehicles at its Ohio facility. The goal of the partnership is to present both Lordstown Motors and Foxconn with increased market opportunities in scalable electric vehicle production in North America.
2. VinFast announces global premiere of its new EVs at the 2021 Los Angeles Auto Show
VinFast, the Vietnam-based automotive manufacturer established in 2017, has announced the global premiere of the company's new EVs at the 2021 Los Angeles Auto Show®. Taking place at the LA Convention Center from November 19th to 28th, 2021, the LA Auto Show is one of the world's most influential automotive shows. VinFast will unveil two of its latest EV models at this year's event—VF e35 and VF e36—marking an important milestone in VinFast's global expansion plan.
3. Chip Shortage: The Center of East Asia’s MCU Industry Tilts Toward China
Currently, approximately 90% of the global automotive MCU market has been dominated by six companies, including Infineon, NXP, Renesas, STMicroelectronics, Texas Instruments and Microchip. China might soon alter this regional dynamics: it has been forecasted that China’s share of the global MCU market will grow to 10% in 2025 from its current 3% share. In the same time span, China will be able to source 25% of its MCUs domestically, rising from the current 5%. The recent emergence of Chinese Tier 1 suppliers like GigaDevice, Yuntu Semiconductor... has been partly responsible for the growth of Chinese MCU industry.