When Donald Trump took office, he pushed hard on using tariffs as a tool to force manufacturers to move their production to the US. His goal was simple: create more jobs for Americans.
Xiaomi made a strong entry into the electric vehicle (EV) market in 2024, selling 136,800 units of its debut model, the SU7. Founder Jun Lei has set an ambitious target of reaching 350,000 sales in 2025, positioning Xiaomi among China’s top EV brands. The company’s expansion into automotive manufacturing marks a significant shift from its smartphone business, differentiating it from many of its industry peers.
While cloud-based artificial intelligence (AI) continues to dominate the market, edge AI is steadily gaining traction. Industry sources highlight the need for seamless integration of connectivity, perception, and inference capabilities to accelerate edge AI adoption and enhance operational efficiency.
Zeekr, the premium electric vehicle (EV) brand under Geely, is making swift moves to enter the South Korean market. On December 28, 2024, the company registered “Zeekr Intelligent Technology Korea Holding” with the South Korean court registry, signaling the start of its market expansion, reports Money Today and The Hankyoreh.
Hon Hai Technology Group (Foxconn) today announced the appointment of Kathy Yang Chiu-chin as its new rotating Chief Executive Officer, effective immediately.