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Wk 28 Electronics Supply Chain Digest

16.7.2024
Reading Time: 4 mins read
A A

Electronics Supply Chain Weekly Digest 7-12-24

DATAPOINT OF THE WEEK: China auto retail sales finished 2Q on a downtrend declining 6.7% Y/Y in June and 10% for the quarter, marking the first Y/Y decline since 1Q23, according to China Passenger Car Association (CPCA) data.

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July 2025 Interconnect, Passives and Electromechanical Components Market Insights

NEV retail sales remained in an uptrend, but growth slowed with June sales increasing 29% Y/Y and 2Q sales increasing 16% Y/Y vs +35% growth in the previous quarters. BEV sales increased 10% Y/Y in June but only 2% for the quarter while PHEV sales grew strong 67% in June and 42% in 2Q.

Wholesale numbers were stronger compared to retail sales implying higher sell-in than sell-through and inventory buildup in June. Total exports declined 2% Q/Q in 2Q, while NEV exports dropped 12% 2Q24 vs 1Q24.

Headlines:

Auto

  • Mercedes-Benz slows battery plans amid lower EV demand
  • BMW reports lower sales in Q2
  • EV maker Lucid beats quarterly deliveries estimates helped by price cuts
  • BYD shipments reached record level in June, growing 35% Y/Y; 2Q shipments up 40% Y/Y
  • BYD to build $1B EV plant in Turkey
  • Stellantis’ Italian output to drop sharply if incentives don’t change trend, union says
  • EU tariffs hit growth in China’s electric car exports, industry body official says
  • Daimler Truck reports lower Q2 sales
  • Germany auto sales improved in June but xEV sales remained in a downtrend, down 15% Y/Y
  • Tesla China deliveries declined 7% Q/Q and 17% Y/Y in 2Q to the lowest level since 3Q22
  • VW may close Brussels factory as low EV demand hits Audi
  • Tesla hikes Model 3 prices in Europe due to tariffs on China-made EVs
  • US administration to award nearly $1.1 billion to Stellantis, GM for EV production
  • Global EV sales up 13% in June, down 7% in Europe, Rho Motion says
  • Tesla delays robotaxi launch to October, Bloomberg reports

Telco

  • Ericsson Q2 tops forecasts on rising N.America demand for telecom equipment

Aerospace

  • Boeing warns customers of further delays on 737 Max, Bloomberg News says

Datacenter 

  • Musk’s xAI, Oracle end talks on $10 billion server deal

Semiconductors

  • Samsung Electronics’ main South Korea union to go on indefinite strike
  • onsemi acquires SWIR Vision Systems
  • Nexperia invests $200 Million in SiC and GaN development in Hamburg chip facility
  • Global semi sales increased 19.3% Y/Y and 4.1% M/M in May
  • UMC June results disappoint; Auto and Industrial correction continuing in 2H
  • Huawei’s Kirin 9100 mobile SoC build on SMIC’s 5nm expected to be released by year end
  • SiCrystal constructing new building to expand silicon carbide wafer production
  • MediaTek, Qualcomm expected to launch newest 5G chips on TSMC’s 3nm process in Q4
  • Samsung Electronics wins cutting-edge AI chip order from Japan’s Preferred Networks
  • TSMC Q2 revenue jumps on AI boost, handily beats market forecasts
  • TSMC raises prices for 3nm, but lowers them for 6/7nm due to declining capacity utilization

Other

  • Apple aims to ship 10% more new iPhones this year after bumpy 2023
  • Foxconn Q2 revenue beats market forecast on AI server demand
  • Global PC shipments rise in 2Q, Apple sees biggest jump, IDC says
  • Wistron and Inventec project flattish 3Q PC shipments
  • China opens tit-for-tat investigation into EU trade barriers

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Source: Edgewater Research

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