Reducing production costs has been a major task for carmakers as a price war persists in the EV market. According to Nikkei, Honda Motor is trying to produce integrated vehicle bodies with cheaper steel through collaboration with Europe-based steel maker ArcelorMittal.

Micro LED applications are expected to multiply in the coming years, especially in the automotive sector. Li Yun-Li, CEO of micro LED supplier PlayNitride, said customers will likely put the company’s product into concept vehicles in 2025 and enter the design phase of volume-production cars in 2027. The adoption of micro LED solutions in EVs could progress faster than expected.

Countries worldwide have been ramping up their investments in marine energy development due to concerns about energy security.