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    Impact of US tariff on permanent magnets imported from mainland China
    Announcement of US tariffs On May 14 the US announced changes in tariffs to thwart imports of electric vehicles, lithium-ion batteries and critical minerals such as graphite and permanent magnets from mainland China. As per the official announcement, in 2024, the tariff on EVs imported from mainland China will increase from 25% to 100%, the tariff on lithium-ion EV batteries will increase from 7.5% to 25%, and the tariff on battery parts will increase from 7.5% to 25%. The new tariffs will ta...
    What Beijing Auto Show 2024 hints about the future of automotive lighting
    The 2024 Beijing International Automotive Exhibition that concluded earlier in May once again put the spotlight on the fast-growing automotive market of mainland China. The event, more popularly known as the Beijing Auto Show, saw participation from all major automakers, both foreign and local, and automotive suppliers. The massive scale of the event and the level of attention it garnered are evident from the fact that automakers showcased 278 battery-electric vehicle (BEV) and plug-in hybrid el...
    In-vehicle commerce and payment platforms—it pays to have one !
    The arrival of the software-defined vehicle, with its high compute power and robust cloud connectivity, is positively impacting many facets of the automotive industry, one of them being in-car commerce. Vehicles have begun to function as mobile wallets as automakers, traditional payment companies, digital infrastructure providers and technology companies come together to seize revenue streams arising out of the connected dashboard. The days of drivers digging out their wallets at a gas station o...
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