DATAPOINT OF THE WEEK: New car registrations in Europe increased 5.9% Y/Y, the sharpest rise since April 2024, but declined 9.7% M/M in July, according to ACEA data. The M/M decline is in-line with typical seasonality as it is the beginning of summer Holiday season in Europe. BEV sales surged 33.6% Y/Y but declined 2.7% M/M, making July the 6th month in the last 7 to see Y/Y BEV growth. BEVs now account for 17.2% of the market, up from 13.6% in July 2024. PHEV sales also saw significant growth, rising 53.3% Y/Y, though declining 6% M/M, reaching its fifth straight month of strong double-digit Y/Y growth. HEVs increased 11.5% Y/Y in July, but decreased 10.9% M/M. HEVs now account for 34.3% of the market, up from 32.6% in July 2024. ICE registrations declined 13.3% Y/Y in July, marking its 14th straight month of Y/Y declines.
Headlines:
Auto/Transportation
- BYD 2Q net profit falls 30% Y/Y to $895M as China EV price campaign pressures margins, production dips, and 2025 sales target at risk
- BYD boosts overseas EV sales via Thailand factory, ships 900+ Dolphins to Europe, avoiding 27% tariffs; July overseas sales up 160% Y/Y, says DigiTimes
- Dongfeng restructures to focus on EVs, spins off Voyah brand as sales surge 86% Y/Y
- EU auto leaders warn 2030-2035 CO2 targets unrealistic, call for hybrids, hydrogen, and decarbonized fuels amid battery, infrastructure, tariff challenges
- ChargePoint launches bidirectional EV charging system for fleets, enabling energy resale and grid support
- Hyundai to boost US investment to $26B by 2028, fund steel mill, auto production, and robotics facility creating 25k jobs
- Porsche halts high-performance battery production at Cellforce, cuts 200 jobs, shifts focus to R&D
- Tesla loses European market share for seventh month as BYD surges 225% Y/Y, according to ACEA data
- US car buyers beginning to turn to seven-year loans as prices near $50k, raising total interest costs and financial risks
Datacenter
- Dell 2Q revenue rises 19% Y/Y to $29.78B on AI server surge; full-year revenue forecast $107B, AI shipments to double in FY26
- Meta’s Hyperion data center in Louisiana grows to $50B investment, part of expanded $66-72B 2025 capex plan
Industrial
- China solar makers face second straight year of losses as overcapacity, price war, and US tariffs weigh, according to Nikkei
- Taiwanese chipmakers forecast mass-market adoption of non-humanoid robots within three years, focusing on logistics and manufacturing applications, says DigiTimes
- Trump administration moves to block $6B Maryland offshore wind project, threatening jobs and clean energy investment
IP&E
- Yageo outbids MinebeaMitsumi for Shibaura Electronics with $740M deal that awaits regulatory approval, according to DigiTimes
Semiconductors
- Alibaba develops new versatile AI chip for broader inference tasks, produced by Chinese manufacturer amid US Nvidia H20 restrictions, says FT
- China aims to triple domestic AI chip output by 2026, boosting Huawei and SMIC production to reduce Nvidia dependence, says FT
- Li Auto completes M100 autonomous driving chip prototype, rivals some Nvidia Thor-U units, mass production expected next year, according to LatePost
- Marvell expects flat 3Q datacenter revenue amid uneven AI chip sales to cloud providers, anticipates stronger demand in 4Q
- Nvidia 2Q revenue beats estimates at $46.7B; 3Q guidance $54B with Blackwell GPUs driving growth, long-term AI spend projected at $3-4T by 2030
- Samsung considers strategic investment in Intel to boost foundry capabilities, advanced packaging, and compete with TSMC, says DigiTimes
- Texas Instruments to supply Apple with key chips from new US fabs, supporting TI’s $60B expansion and Apple’s $600B US investment plan
- SMIC 1H25 revenue rises 23% Y/Y to $4.47B, foundry growth 26% Y/Y on PC cycle, smartphone demand, AI, and automotive chips
- Toshiba and SICC sign MOU to enhance SiC wafer quality, secure supply for power semiconductor expansion into servers and automotive
- TSMC advances US Arizona expansion with AP1 and AP2 packaging plants for SoIC and CoPoS, serving Apple, AMD, Nvidia, and Broadcom by 2028
- US Commerce to take control of $7.4B semiconductor research funds from Natcast, reforms operations under $52.7B CHIPS and Science Act
Consumer/Other
- EU proposes removing tariffs on US industrial goods following trade deal, including concessions on select farm products
- HP 3Q revenue rises 3% to $13.93B on AI PC demand and Windows 11 upgrades; personal systems up, printing down
- Huawei 1H net profit falls 32% Y/Y to $5.17B as revenue rises 4% on $13.6B R&D spend; global smartphone shipments reach 26.6M, Mate 60 series returns to 5G premium market
- Apple iPhone 17 series to use TSMC N3P chips, debut in-house modem, foldable iPhone expected in 2026
- Neodymium and Praseodymium (NdPr), key rare earths, prices surge to two-year high as US halts shipments to China, tightening supply for EVs and wind turbines, says Reuters
- US expands 2025 critical minerals list to 54, adds copper, silicon, potash, silver, lead, rhenium; removes tellurium and arsenic, introduces three-tier risk system, according to Mining.com
- US could cut China reliance by recovering critical minerals from domestic mine byproducts, study shows; small recoveries could eliminate imports for rare earths, gallium, germanium, says FT
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