Taiwan’s No. 2 Chip Maker Teams Up With Automobile Areas Huge To Make Semiconductors In Japan

UMC, Taiwan’s No. 2 agreement chip maker following TSMC, is pairing up with Toyota-backed car-parts supplier Denso to make semiconductors in Japan and fulfill expanding international need in the automotive sector.

United Semiconductor Japan Co. (USJC), UMC’s Japanese subsidiary, introduced late past thirty day period that it is building a generation plant for power chips that regulate the movement and route of electric latest with Denso, which is portion-owned by the world’s major car maker by product sales.

“Semiconductors are turning into ever more crucial in the automotive business as mobility technologies evolve, such as automatic driving and electrification,” Denso president Koji Arima claimed in the announcement. “Through this collaboration, we add to the steady supply of electricity semiconductors and electrification of vehicles.”

“It should be beneficial information,” claims Brady Wang, Taipei-based mostly associate director with industry exploration company Counterpoint Investigate. UMC is previously positioned to do “third-generation” semiconductors, like electrical power-saving sorts with the ideal thickness for automotive use. Wang expects high-quantity production for the Japanese car market. “Both of their benefits can be place into participate in,” he says.

An insulated-gate bipolar transistor—also known as IGBT, which is used for electric automobile motor controllers—line will be installed at USJC’s wafer fab. It will be the initially in Japan to generate IGBTs on 300mm wafers, according to the announcement. Denso will lead its technique-oriented IGBT device and process know-how, though USJC will provide its 300mm wafer producing abilities.

Other chip makers, like TSMC, can manufacture with IGBT technologies, but Japanese corporations dominate substantially of the market place, notes Joanne Chiao, an analyst with Taiwan-based analysis agency TrendForce.

The UMC-Denso plant, in Mie Prefecture in central Japan, is scheduled to start off in the initially 50 % of future 12 months. A spokesperson for UMC mentioned the plant will be equipped to deliver 10,000 wafers a month by 2025.

“With our strong portfolio of highly developed specialty technologies and [International Automotive Task Force] IATF 16949 licensed fabs in diversified areas, UMC is perfectly placed to serve demand throughout car applications, which includes innovative driver guidance programs, infotainment, connectivity, and powertrain,” Jason Wang, UMC co-president, explained in the announcement. “We look ahead to capitalizing on extra cooperation alternatives likely ahead with best gamers in the automotive place.”

Due to the fact automotive output restarted about the entire world in late 2020, immediately after the very first wave of the pandemic, factory need for automotive chips has grown and stays solid for the reason that of “pent-up customer demand” for EVs and hybrids, Moody’s Buyers Company reported in an emailed commentary.

The automotive semiconductor market place is estimated to grow from $35 billion in 2020 to $68 billion in 2026, Taipei-dependent Current market Intelligence & Consulting Institute claims.

Read More... Read More

Chinese electric powered motor vehicle maker Nio would share battery swap tech to other automakers

Hui Zhang, controlling director of Nio in Europe, advised journalists at an occasion held in Norway last 7 days the business wasin talks with automakers without the need of naming them.

When requested to clarify regardless of whether sharing meant licensing or a further form of organization arrangement, the firm declined to offered addition facts.

Nio has so far crafted 868 swap stations in China and statements its buyers have swapped batteries 7.6 million occasions.

The enterprise has touted battery swapping as a exclusive offering position for the brand’s high quality SUVs and forthcoming sedan range and offering the battery swap platform would be the equal of Tesla’s latest conclusion to allow other brands to use its Supercharger community.

Battery swapping is significantly speedier than charging but the price to install the network is a great deal increased. A research printed last 12 months by The Swedish Transportation Administration wanting at battery swapping quoted Nio-sourced figures declaring every swap station costs $772,000 (699,000 euros) to create in China, like batteries and web site leasing, in comparison to $309,112 for a lender of cost points.

Nio claimed it is searching to decrease build fees for the swap stations, which presently have the capacity to store 13 batteries.

Licensing its platform to an additional automaker could increase the utilization amount of the swap stations, creating them extra value effective.

A single attainable purchaser is Geely-owned Lotus Know-how, the Chinese “life-style” division of the British athletics car maker, in which Nio has an financial commitment by using its enterprise funds arm.

Geely has its have designs to established up 5,000 battery swapping stations for electric powered autos globally by 2025. It has not said whether or not it would build its individual system.

The Chinese governing administration has been supporting the rollout of swap stations in the region. In a indicator of this, Beijing has specified Nio exemptions from a policy that dropped EV acquire incentives for quality-priced motor vehicles.

China’s Ministry of Market and Data Technology (MIIT) previous yr published the international auto industry’s initial benchmarks for battery swapping technologies aimed at encouraging broader adoption of the follow.

Approximately all consumers of the ES8 SUV that Nio released in Norway have opted to lease the battery separately, which provides entry to swapping stations, Nio stated.

Two free of charge swaps are included a thirty day period in the battery lease rate. Shoppers can opt to switch involving shelling out much more for the 100-kilowatt-hour battery or the less costly 75 kWh battery, which arrives later this 12 months.

Nio will grow into Sweden, the Netherlands and Germany afterwards this calendar year.

Nio’s start product in Germany will be the ET7 sedan, an electrical rival to the BMW 7 Sequence, which also comes with battery swapping technological know-how.

Read More... Read More

EV maker Nikola Corp. agrees to pay back $125M to settle SEC prices of defrauding buyers

Nikola Corp. has agreed to shell out $125 million to settle civil fees that it defrauded investors by deceptive them about its products, complex enhancements and professional potential clients, the U.S. securities regulator said on Tuesday.

The Securities and Exchange Commission (SEC) accused the EV maker of violating U.S. securities legislation with various misleading statements made from March to September 2020 about in-property generation capabilities, reservation book and monetary outlook.

The settlement follows civil and prison charges submitted in July versus Nikola’s founder Trevor Milton for employing social media to regularly mislead buyers about the company’s technology and capabilities, reaping “tens of millions of pounds” as a final result of his misconduct. Milton is battling all those costs in court following possessing misplaced a bid to dismiss or go the scenario.

Milton’s misleading statements aimed at inflating share rates started even before Nikola had made a “solitary commercial merchandise or experienced any revenues from truck or hydrogen gasoline income,” the SEC purchase mentioned.

Nikola did not acknowledge or deny the SEC’s conclusions, and has agreed to cooperate with ongoing litigation and investigation, the SEC mentioned. The agency previously disclosed anticipations of the significant penalty in November.

Nikola “is accountable each for Milton’s allegedly misleading statements and for other alleged deceptions, all of which falsely portrayed the true condition of the firm’s business enterprise and technological know-how,” Gurbir Grewal, the SEC’s enforcement director, explained in a statement.

Nikola said in a statement that it will keep on to execute on its technique and extend its producing community. The organization is looking for reimbursement from Milton for “expenditures and damages in connection with the federal government and regulatory investigations,” it mentioned.

Nikola went community by using a exclusive objective acquisition organization (SPAC) in June 2020, a method the SEC has criticized for necessitating considerably less original vetting than the traditional preliminary general public providing method.

This month, the SEC’s chair explained the agency was looking at toughening guidelines all-around how underwriters, boards of directors and sponsors of SPACs framework costs, concern projections and disclose conflicts.

The strategies are aspect of a broader crackdown on the SPAC sector this year. The SEC has also informed major auditors to modify their accounting tactics, and launched a broad enforcement inquiry of Wall Road banks concerned in the discounts.

The programs are section of the SEC’s broader crackdown on the sector this year. The company has also instructed major auditors to change their accounting methods and launched a wide enforcement inquiry of Wall Road financial institutions involved in the promotions.

Nikola shares ended up up .74 % at $9.32 apiece on the Nasdaq Tuesday early morning.

Read More... Read More

As Georgia recruits electric vehicle maker Rivian, the number of EVs and charging stations lags

Georgia has 1,500 EV charging stations, seventh out of 50 states and the District of Columbia. Metro Atlanta has about 1,110 of them, the third-highest among U.S. metro areas, according to real estate data provider Yardi Matrix.

Outside Atlanta, good luck. On I-16 between Macon and Savannah, a 170-mile stretch, drivers pass only four charging stations just off the interstate, according to the website PlugShare.

Vanessa Miller, an attorney in Detroit who advises automotive companies on supply chain issues, said a chicken-or-egg situation is holding things back.

“It’s hard to get the momentum you need because a driver isn’t going to buy an EV until they know they can keep it running,” she said. Companies won’t install more charging stations “because you don’t know how many EVs there are going to be.”

State, federal governments make electric push

Kemp has made EV a priority, forming an EV task force in July to “ensure that our state is positioned to continue leading the nation in the rapidly growing electric mobility industry.” The group’s report may be released in early 2022.

Georgia gave SK Battery $300 million in grants, tax breaks and free land. The state has probably offered a larger bounty to Rivian, though details haven’t been disclosed. Georgia has only one combustion-engine auto plant, Kia, after rivals chose neighboring states to build traditional auto plants.

Wall Street investors and automotive industry analysts predict the EV market will soon be red hot. Industry tracker IHS Markit projects that EVs on U.S. roads will rise from 1.5 million vehicles now to 9.3 million by 2026.

Caption

Marshall Norseng disconnects his Tesla from the charger before his commute to Duluth at his Atlanta home Tuesday, November 7, 2021. STEVE SCHAEFER FOR THE ATLANTA JOURNAL-CONSTITUTION

Credit: Steve Schaefer

Marshall Norseng disconnects his Tesla from the charger before his commute to Duluth at his Atlanta home Tuesday, November 7, 2021.  STEVE SCHAEFER FOR THE ATLANTA JOURNAL-CONSTITUTION
caption arrowCaption

Marshall Norseng disconnects his Tesla from the charger before his commute to Duluth at his Atlanta home Tuesday, November 7, 2021. STEVE SCHAEFER FOR THE ATLANTA JOURNAL-CONSTITUTION

Credit: Steve Schaefer

Credit: Steve Schaefer

At Tesla, the largest EV maker, yearly revenue grew from less than half a billion dollars in 2012 to more than $30 billion last year. It reported its first quarterly profit this summer. Rivian’s November IPO valued the company at more than $100 billion, more than either Ford or General Motors.

Governments have set lofty goals for converting to EVs in a push to combat climate change. President Joe Biden wants to cut greenhouse gas emissions by half from 2005 levels by 2030, in part by cutting the price of EVs by $12,500.

Corporations want to oblige. Amazon has ordered 100,000 electric vans from Rivian. UPS will buy 10,000 electric vans from British company Arrival. Hertz and Enterprise Rent-a-Car have said they’ll add more EVs to their fleets.

A federal infrastructure program will provide $7.5 billion to install hundreds of thousands of EV charging stations nationwide. Funds will likely be available first-come, first-serve, though details haven’t been released, said Brandon Jacobs, regional vice president of sales at charging station provider Blink.

Explore
Read More... Read More

EV maker Polestar to produce own platform, enhance amount of showrooms

The corporation is increasing the size of its showroom network — operated in the U.S. by select Volvo sellers — as it looks to substantially mature its world wide income in the coming a long time. Polestar stated it is “on target” to arrive at its program for 29,000 automobile deliveries this year and expects to offer 290,000 on a yearly basis by 2025, running in 30 marketplaces by the conclusion of 2023.

“This adoption from interior combustion to EV is heading to increase at a startling price in the coming yrs, so normally, with the arrival of the network rising and the brand name recognition and merchandise portfolio continuing to mature, we’re heading to be there with an provide,” Gregor Hembrough, head of Polestar Usa, advised Automotive News. Hembrough, together with Ingenlath, spoke with investors and media Thursday in New York.

Polestar said it will start a new model each calendar year for the up coming 3 decades, beginning with the Polestar 3. The firm debuted a new teaser impression of the crossover Thursday, showcasing the vehicle wrapped in camouflage. The 4-doorway crossover has a sporty look, with a sloping silhouette and a entrance conclusion marked by slim headlights.

Polestar claimed it will equip the product with components and electronics that would permit autonomous freeway driving by the center of the ten years, together with lidar sensors from Luminar Systems and computer electronics parts from Nvidia Corp.

Ingenlath, speaking with Automotive News, said Polestar is hesitant to label the procedure as getting either Stage 3 or Degree 4 autonomy, even though he explained it as a “huge, good stage into the autonomous age.”

“We extremely obviously describe what it can do: It is you letting go in an autonomous problem on the freeway, with the driver out of the loop and possessing fingers off the steering wheel and the motor vehicle using around on that stretch,” he stated. “Some would call that Stage 4. If you happen to be incredibly stringent on what the definitions are, it can be far more of a Degree 3-moreover.”

Polestar is also creating its individual “bespoke aluminum place frame platform architecture,” a departure for the company, which has until eventually now shared platforms with Volvo. The corporation expects to debut the system on the Polestar 5.

Ingenlath claimed building its possess system is important for Polestar so that it does not have to make compromises to car layout as it rolls out new types. He pointed to final year’s Precept idea as an illustration of how making on a unique platform can permit diverse types.

“If we were to put that on to an obtainable mass-manufacturing system that we locate in the toolbox of the team, we definitely would have compromised on the result,” he stated.

In the meantime, Polestar explained it would before long roll out more than-the-air updates for invest in for the Polestar 2, which includes just one that would offer a effectiveness raise of 68 hp.

Read More... Read More

Rivian, the Amazon-backed electric vehicle maker, seeks to raise $8.4 billion in IPO

Amazon-backed electric car maker Rivian is seeking a valuation that would place it among the world’s most valuable automotive companies when it goes public in the coming days, according to an amended S-1 filing on Monday.

Rivian said it expects to offer 135 million shares of its Class A common stock priced between $57 and $62 per share. An additional 20.25 million shares will be made available to the IPO’s underwriters. Rivian could raise as much as $8.4 billion when it debuts if shares trade at the high end of its range, or a total of more than $9.6 billion if underwriters exercise their options.

The California-based company’s filing indicates a targeted valuation of more than $53 billion based on outstanding shares, though that number could change based on investor demand and market conditions. The Wall Street Journal reported Rivian is seeking a valuation of more than $60 billion.

ELON MUSK SAYS SPACEX IN TALKS TO PROVIDE STARLINK INTERNET FOR AIRLINES

Electric truck maker Rivian Automotive, which currently sources batteries from South Korean supplier Samsung SDI (006400.KS), plans to build battery cells in-house, its filing for a U.S. initial public offering showed on Friday. (Photo by Michael Bro

Rivian said it would make a portion of its shares available to retail investors through SoFi’s online brokerage platform. The company will trade on the NASDAQ exchange under the stock symbol “RIVN.” Rivian is expected to begin public trading next week.

RJ Scaringe, founder and chief executive officer of Rivian Automotive Inc., unveils the R1T electric pickup truck, left, and R1S electric sports utility vehicle (SUV) during a reveal event at AutoMobility LA ahead of the Los Angeles Auto Show in Los (Getty Images)

With a strong debut, Rivian could earn a higher valuation than Honda, which is currently valued at roughly $53 billion. Ford Motor Company, which holds a stake in Rivian, is currently valued at roughly $71 billion, while General Motors is valued at roughly $80 billion.

Rivian said it expects to deliver approximately 1,000 of its R1T electric pickup trucks by the end of the year. Last month, the company said it lost nearly $1 billion through the first six months of the year.

GET FOX BUSINESS ON THE GO BY CLICKING HERE

Rivian

Last month, Amazon disclosed it holds an approximately 20% stake in Rivian. The e-commerce giant has already contracted Rivian to provide 100,000 electric delivery vans by 2030. 

https://www.foxbusiness.com/markets/amazon-backed-rivian-ipo-valuation… Read More...

Read More