While North American consumers have yet to feel the full force of the shift, a seismic transformation is quietly rippling through the global auto industry—one that originates not in Detroit, Tokyo, or Munich, but in China. Over the past five years, Chinese electric vehicles (EVs) have surged from the fringes to the forefront of the automotive world, triggering what experts increasingly describe as a market “tsunami” that threatens to upend the status quo.

Taiwan Mobile announced on September 16 that its investment partner, Nada Holdings, will officially be listed on the over-the-counter (OTC) market on September 18, becoming Taiwan’s first company to enter the capital market with a core strategy centered on anime, comics, and games (ACG) intellectual property (IP).

The South Korean government recently announced several industrial growth plans, including support programs for the localization of silicon carbide (SiC) power semiconductors. The SiC power semiconductor market relies heavily on the electric vehicle (EV) sector. Although current growth has slowed, medium- to long-term expansion is expected to accelerate. Therefore, whether South Korea can leverage more advanced technologies to compete with Chinese manufacturers on price will be a critical factor.