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Edgewater Research: Electronic Component Weekly Digest - Mar 11

Dennis Reed
|  Created: March 8, 2024  |  Updated: July 1, 2024

This Week's Highlight: China's Auto Sales Momentum

 

Edgewater Research

January and February combined saw a significant 17% increase in auto retail sales in China compared to the previous year, according to the China Passenger Car Association (CPCPA). New Energy Vehicle (NEV) sales impressively grew by 37% year-to-date (YTD), with Battery Electric Vehicles (BEV) up by 17% and Plug-in Hybrid Electric Vehicles (PHEV) surging by 76% YTD. Despite a February slowdown due to the Chinese New Year and cautious consumer spending prompted by OEM price strategies, China's auto export grew by 18% year-over-year to 298,000 units, making NEVs 26% of total exports.

Automotive Sector Updates:

  • BYD is making strides in Australia and Brazil, intensifying the electric vehicle (EV) competition in China with new price reductions.
  • The EU is contemplating tariffs on Chinese EVs, with projections suggesting EVs will cost less to produce than gasoline vehicles by 2027.
  • Ford and Nissan show strong sales, with Nissan exploring a partnership with Fisker.
  • Rivian announces plans for 3 new lower-priced models, and Tesla navigates production challenges and expansion talks in Thailand.
  • Stellantis secures approval for a joint venture and adjusts production in response to demand fluctuations.

Industrial and Semiconductor Highlights:

  • Germany faces a sharp decline in factory orders, signaling broader industrial challenges.
  • The semiconductor sector sees strategic moves from AMD, Broadcom, and Intel, amidst growing international competition and cooperation. China launches a substantial fund to bolster its chip industry as global semiconductor sales rise.
  • Meta and Samsung explore new collaborations, while Tower Semiconductor and Western Digital adjust strategies in response to market demands.

Other Notable Developments:

  • Apple and the broader smartphone market in China face sales challenges. Meanwhile, Jabil announces the closure of its Vancouver operations amidst varying confidence levels in the U.S. economy among CEOs.

 

Stay informed with our weekly digest, your essential guide to navigating the complexities of the electronics supply chain landscape.

Click HERE to to learn more about how to access the full report and dive deeper into the latest trends, survey results, and expert analyses from Edgewater Research.

 

About Author

About Author

Dennis Reed is a Senior Research Analyst in Technology. Dennis started in the industry in 2005 at FTN Midwest Research on the technology & semiconductor team. In 2006, he was a founding member of Cleveland Research Company and continued to develop and extensive network of technology industry professionals in the semiconductor, distribution, memory and HDD industries throughout the world. Dennis worked at KeyBanc Capital markets in New York, on teams covering Consumer Staples and Paper & Packing companies. Dennis also brings wide level of experience working in various roles with Travelers Insurance, including Market Research and various product roles supporting business unit growth in targeted end markets. Dennis is a 2002 graduate of Ohio University with a major in Sports Management.

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