On June 11, global automotive parts giant Marelli Group announced in an announcement that it had initiated U.S. Chapter 11 proceedings to strengthen financial position and facilitate a value-maximizing restructuring. According to the announcement, Marelli had reached a Restructuring Support Agreement (RSA) with approximately 80% of its lenders and secured a commitment of USD 1.1 billion in debtor-in-possession (DIP) financing to maintain operations. Additionally, Indian multinational auto parts manufacturer Samvardhana Motherson Group (SMRP BV) has submi...

Imagine driving down a winding road at dusk, the sky painted in hues of orange and pink. As you approach a curve, the sleek lines of a modern automobile catch your eye. Its design is unmistakable, a blend of retro charm and futuristic elegance. That’s exactly the essence of the magic behind automotive design where every element, from the grille to the tail lights, tells an individual story. A car’s design is intrinsically linked to its brand identity, with elements such as retro designs playing a crucial role in its recognition value. Iconic automobile brands leverage...

TCL CSOT announced via its official WeChat account that Xiaomi officially launched its second mass-produced electric vehicle, the YU7, during the “Xiaomi Human-Car-Home Full Ecosystem Launch Event” held on June 26 at 7:00 p.m. The vehicle features panoramic curved projection displays, HyperVision, and a 16.1-inch central control display—both exclusively supplied by CSOT. Specifically, CSOT customized an in-car display solution for YU7, which includes a 16.1-inch central control screen (developed in partnership with Desay SV) and t...

Valeo, the leading innovation partner to global mobility players, proudly announces it has received the prestigious Best Supplier Award from the Volkswagen Group (VW) in the “Supplier Management” category. Valeo is one of only 10 companies worldwide to have received an award at the Volkswagen Group Supplier Management Conference. With this award, the Volkswagen Group highlights Valeo’s “exceptional achievements and innovative strength”. Valeo leverages its software and hardware expertise to offer an extensive range of innovations for elec...

Seoul Semiconductor Co., Ltd., the world’s No. 1 company in LED backlight, announced on July 2nd that its proprietary No-wire technology, WICOP, has been supplied to the automotive market in the form of Mini LED displays since May. As the world’s first No-wire LED technology, WICOP has already proven its performance across various applications—including smartphones, TVs, lighting, and automotive headlamps. Recognized for its superior brightness and durability even in extreme automotive environments, WICOP has now officially entered t...

The international automotive supplier FORVIA HELLA is intensifying its activities in the area of software-based business models and is advancing the development with a new company founded at the beginning of the year. HELLA Ignite GmbH ("Ignite by FORVIA HELLA") aims to accelerate the development of software-only products in a rapid and agile manner. In parallel with product development, Ignite by FORVIA HELLA is currently being gradually expanded; by the end of the year, the company is expected to consist of an internationally divers...

CarUX Holding Limited, a Tier 1 supplier focused on smart cockpit integrated solutions and a subsidiary of Innolux Corporation, has announced today (June 26) that it has signed definitive agreement with EQT, a global investment firm, to acquire 100% stake of Pioneer Corporation (“Pioneer”) at an equity value of 163.6 billion Japanese yen (approximately 33.7 billion New Taiwan dollars). Pioneer possesses comprehensive technical capabilities in the fields of automotive sound, multimedia systems, and human-machine interface (“HMI”) software developm...

According to TrendForce 2025 Global Automotive LED Market- Lighting and Display Product Trend, towards 2025, due to the ongoing uncertainty in the overall economy, greater downward pricing pressure is anticipated in 2025. However, according to TrendForce’s analysis on automotive LED manufacturers’ orders on hand, car production is expected to recover again in 2H25. Additionally, with advanced technologies continuing to be incorporated into car models of 2026, the automotive LED and automotive lighting market value is forecasted to grow to USD 3.451 bill...