China’s semiconductor industry is rapidly advancing, driven by state-backed initiatives and domestic innovation China’s semiconductor sector has emerged as a cornerstone of its technological ambition, propelled by significant government investment and a strategic push for self-sufficiency. In 2024, the industry was valued at £134.2 billion, with projections indicating a compound annual growth rate (CAGR) of 7.8% from 2025 to 2034, potentially reaching £283.7 billion by 2034. This growth reflects China’s …
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EVs
From its Guangzhou origins to a bold UK launch, XPeng has global ambitions to steer the future of smart mobility In Guangzhou in 2014, a company emerged with a vision to redefine the driving experience. XPeng Motors, or Xiaopeng to its Chinese audience, set out not just to craft electric vehicles, but to embed artificial intelligence at their core, creating cars that anticipate and adapt to their drivers. Founded by …
Chinese EV brand BYD and Elon Musk’s Tesla have been battling it out to be the world’s biggest electric vehicle company in recent years. But as BYD seemingly pulls ahead, what are the implications for the rest of the industry and global markets as a whole? Chinese EV manufacturer BYD posted record sales of electric vehicles (EVs) in 2024, as Elon Musk’s Tesla saw sales slow for the first time …
BYD and Tesla are battling it out to be the world’s biggest electric vehicle company. But what are the implications for the rest of the industry and global markets as a whole? 2024 started with a surprise for the automotive industry as Chinese manufacturer BYD announced that it sold more battery electric vehicles (BEVs) (526,409) than Elon Musk’s Tesla (484, 507) in Q4 of 2023. This is the first time …