EVE Energy, one of China’s leading battery manufacturers, announced that it will invest US$422.3 million in a project in Malaysia. The company plans to produce 21700-type cylindrical batteries locally in response to the growing demand for electric two-wheelers in the region.

EMS vendor Lite-On Technology has announced plans to invest NT$2 billion (US$62.4 million) to build new production lines in Dallas, Texas.

For the third quarter of 2022, Tesla reported 54% and 42% on-year growth in production and delivery and another record revenue of US$21.5 billion, logging a 56% on-year increase.

Dutch semiconductor equipment manufacturer ASML’s Q3 financial report exhumes optimism over the outlook through 2025-2030 due to the limited direct impact of the US-China Chip War while the on-shoring trends within various countries have already boosted demand for more EUV equipment and advanced memory manufacturing tools.