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    Kia 2024 CEO Investor Day: Kia announces roadmap to its 2030 goals
    South Korean carmaker Kia Corp. organized its 2024 CEO Investor Day in Seoul, South Korea, on April 5, sharing updates on its future strategies, goals for 2030, business roadmap to achieve those, as well as financial targets through the decade, according to a press release dated April 5. At the CEO Investor Day, Kia updated its mid-to-long term business strategy with a focus on electrification and its Platform Beyond Vehicle (PBV) business. The company reiterated its 2030 annual sales target ...
    TSMC takes precautionary measures amid Taiwan's worst earthquake in 25 years
    Taiwan Semiconductor Manufacturing Co. (TSMC), the leading global producer of advanced semiconductor chips, halted certain chip manufacturing equipment and evacuated personnel following the most powerful earthquake to strike the island of Taiwan in 25 years, according to a Bloomberg report on April 3. As the primary contract chip manufacturer for tech giants such as Apple Inc. and Nvidia Corp., TSMC relocated staff from specific areas and is evaluating the repercussions of the 7.4 magnitude q...
    IIHS test rates 13 out of 14 automated driving systems as 'Marginal' or 'Poor'
    In a recent test conducted by the Insurance Institute for Highway Safety (IIHS), 13 out of 14 automated driving systems were found to have marginal or poor performance. The IIHS developed this rating system to evaluate the safety of these systems and their ability to keep drivers focused, according to a report published by IIHS on March 12. The ratings assess various aspects including driver monitoring, involvement and the encouragement of safety feature usage. Among the tested systems, only ...
    Forvia Hella secures orders for Smart Car Access system with enhanced security features
    French automotive supplier Forvia Hella has further expanded its market position in the field of digital access systems with additional customer orders, with a series production goal of 2025 in Romania and Mexico. The Smart Car Access system from Forvia Hella is based on ultrawide-band (UWB) technology, allowing the end user to open and close the car completely hands-free and start the engine without having to pick up their smartphone. The integrated UWB technology also protects the vehi...
    Toyota Motor Corp. to acquire Panasonic’s stake in Primearth EV Energy to make it a wholly owned subsidiary
    Toyota Motor Corp. (TMC) and Panasonic Holdings Corp. (Panasonic HD) have mutually agreed to let the carmaker acquire Panasonic’s stake in Primearth EV Energy Co. Ltd. (PEVE) to make it a wholly owned subsidiary, Toyota announced March 5. The acquisition, which is scheduled to take place later in March, will help Toyota in strengthening its capabilities in mass-producing automotive batteries. PEVE was first established in December 1996 by the two companies, where Panasonic HD had a ...
    Battery boost: US draws up new graphite supply chains, dimming import needs
    There are many topics debated in the lithium-ion battery category. For example, which cathode chemistry is most appropriate for which application be it nickel, cobalt, manganese or iron in varying ratios with lithium. Rarely up for debate, however, is the anode material. That’s because it’s almost always graphite. The problem for the auto industry is that the US government is trying to build a resilient electric vehicle (EV) supply chain that levers away mainland China’s influence on th...
    AMS Osram to re-assess microLED strategy
    AMS Osram has revised its microLED strategy following an "unexpected cancellation of [a] cornerstone project," it said in a press release dated Feb. 28. The supplier announced that it expects a non-cash impairment charge of between €600 million-€900 million in the first quarter of fiscal 2024. AMS Osram also revised its mid-term revenue compound annual growth rate (CAGR) of 6-8% on a like-for-like basis and expects a positive impact to its cash-flow profile within the next 24 month...
    Stellantis plans to commence EV production at Luton, UK, plant from 2025
    Stellantis plans to commence the production of its medium-size electric vans at its Luton-based manufacturing plant in the UK from the first half of 2025, the vehicle manufacturer announced Feb. 22. Significance: The company said that it aims to begin limited production of the group’s all-electric, medium-size vans from spring 2025 at its Luton factory, making the facility the second Stellantis plant in the UK to manufacture electric vehicles, and contributing to meet the growing deman...
    Syrah Resources begins natural graphite processing operations at its facility in Vidalia, La.
    Australia-based supplier of natural graphite and anode active material (AAM) products, Syrah Resources Ltd., has commenced production operations at its natural graphite processing facility in the city of Vidalia, La., the company announced Feb. 9. Significance: The natural graphite processed at Syrah’s Vidalia facility is brought from the company’s Balama Graphite Operation in Mozambique, East Africa. Syrah claimed that its AAM production facility in Vidalia is the first vertica...
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