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    Hyundai Motor signs MOU with Exide Energy to localize production of LFP batteries in India
    South Korean carmaker Hyundai Motor Co., along with its sister company Kia Corp., has signed a memorandum of understanding (MOU) with Exide Energy Solutions Ltd., a leading Indian battery company, to focus on the localization of electric vehicle batteries in India, Hyundai said in a statement on April 8. The MOU, which is in line with the carmaker’s EV expansion plans for the world’s third-largest automotive market, was signed at Hyundai Motor Group’s Namyang Research and Developme...
    CATL may build battery plant with General Motors in North America through technology licensing
    Mainland China’s largest battery-maker Contemporary Amperex Technology Co. Ltd. (CATL) is in talks with US legacy carmaker General Motors (GM) to build a battery plant in North America, leveraging the technology licensing route similar to its partnership with Ford Motor Co., according to a news report published by CnEVPost on March 29. The report cited mainland Chinese media outlet LatePost as the original source of the story. It said that CATL is in discussions with GM on a license roya...
    BMW partners with Tata Technologies to develop automotive software and business IT solutions
    BMW Group has partnered with engineering and digital services company Tata Technologies in India, it said in a press release dated April 2. Under the partnership agreement, the two companies will form a joint venture with the aim to establish a software and IT development hub in the cities of Pune, Bangalore and Chennai in India. While the hubs in Bangalore and Pune is expected to handle development and operations activities, the Chennai hub will focus on business IT solutions. The JV will le...
    Mainland China’s SAIC Motor and India’s JSW Group establish strategic automotive joint venture
    SAIC Motor, a leading automaker from mainland China with annual revenues of around $ 110 billion, and JSW Group, a $23 billion Indian conglomerate, have established their new strategic joint venture named JSW MG Motor India Pvt. Ltd, the two companies said in a joint announcement on March 20. With a focus on electric vehicles (EVs), the all-new joint venture aims to capitalize on the significant opportunities emerging in the fast-evolving Indian automotive sector, the two companies said in th...
    Ferroglobe, Coreshell sign MOU to deliver battery-grade metallurgical silicon for EV batteries
    Ferroglobe PLC, a world-leading producer of silicon metal and ferroalloys, and Coreshell, a US-based battery technology company, have signed a memorandum of understanding (MOU) to jointly produce the first battery-ready metallurgical silicon for the development of low-cost, high-range electric vehicle batteries in compliance with the US Inflation Reduction Act, Ferroglobe said March 11. The strategic partnership between the two companies comes at a time when the US government is pushing corpo...
    LG Energy Solution plans to work with Qualcomm to develop advanced BMS for EVs
    South Korean battery-maker LG Energy Solution (LGES) has signed an agreement with US technology company Qualcomm Technologies, with an initial plan to jointly develop advanced battery management system (BMS) diagnostic solutions for electric vehicles, LGES announced March 12. As part of this collaboration, the two companies intend to explore developing advanced solutions that can combine LGES’ battery diagnostic software with certain features and functionalities of Qualcomm’s Snapdragon D...
    StoreDot signs strategic agreement with EVE Energy on mass production of fast-charging battery cells
    Israel-based extreme fast charging (XFC) battery technology company StoreDot has signed an agreement with mainland China-based battery-maker EVE Energy, securing state-of-the-art manufacturing capacity from EVE and moving a step closer to the mass production of its innovative XFC battery cells, the company announced March 11. The agreement, which was signed by both the companies on March 11, gives StoreDot access to EVE’s extensive manufacturing footprint and the ability to mass-produce its...
    Luxembourg and Pony.ai Sign MoU to advance autonomous mobility
    Pony.ai, a global leader in autonomous mobility, signed a Memorandum of Understanding (MoU) with the government of the Grand Duchy of Luxembourg to advance the development of autonomous mobility in Luxembourg. The MoU aims to foster research, development and deployment of autonomous vehicles in the country through a collaborative partnership between Luxembourg and Pony.ai, as reported in a press release on March 7. Luxembourg presents an excellent opportunity for Pony.ai to further develop it...
    General Motors, Magna and Wipro join hands to create automotive software marketplace: SDVerse
    In a multistakeholder collaborative approach, automaker General Motors (GM) has joined hands with top global supplier Magna and India’s top IT firm, Wipro Ltd., to develop a unique business-to-business sales platform for buying and selling automotive software. The all-new platform called SDVerse is likely to alter the automotive software sourcing and procurement process by providing a matchmaking platform for buyers and sellers of embedded automotive software. GM, Magna and Wipro collective...
    Volkswagen, Xpeng sign technical agreement, finalize framework for collaboration
    Europe’s largest carmaker Volkswagen Group and China’s electric carmaker Xpeng Motors have signed a technical cooperation agreement for joint development of platforms and software, achieving another important milestone in their strategic partnership, the two companies said in a joint announcement on Feb. 29. Significance: The Volkswagen Group and Xpeng Motors had first announced their strategic partnership in July 2023. The strategic alliance with Xpeng Motors is part of Volkswagen’s la...
    Canada’s NMG, General Motors agree to sign offtake agreement on supply of anode active materials
    Canada-based supplier of anode active materials (AAM) for batteries, Nouveau Monde Graphite Inc. (NMG) and General Motors Holdings LLC, a wholly owned subsidiary of General Motors Co. (GM), have agreed to sign a supply agreement where NMG will supply the US automaker with 18,000 metric tons of AAM output per annum, NMG announced Feb. 15. To complement to the supply agreement, NMG and GM have entered into a subscription agreement where GM has committed to make an equity investment of US$1...
    Wipro partners with Intel Foundry for chip design and development
    Wipro has expanded its collaboration with Intel Foundry to accelerate chip-design innovation, it said in a press release dated Feb. 21. Wipro will work with Intel Foundry to develop Intel’s most advanced process nodes, including the Intel18A process node. The collaboration aims to address the growing demand for AI chip manufacturing. Wipro’s design services strength and Intel Foundry's manufacturing prowess will enable clients across industries, such as automotive, industrial and telecomm...
    Volkswagen signs agreement with Mahindra & Mahindra to supply components from MEB platform
    Volkswagen Group and Mahindra & Mahindra Ltd. (M&M) have signed their first supply agreement on components of Volkswagen's modular electric drive matrix (MEB) platform, the two companies said in a joint announcement on Feb. 16. The components sourced from VW will be used by M&M in its purpose-built electric platform named Inglo. Significance: Almost 18 months after M&M and the VW Group had signed a term sheet on the supply of MEB electric components intended for use in the for...
    Panasonic Energy signs offtake agreement with Canada’s NMG to secure graphite supplies for North American market
    Japanese battery-maker Panasonic Energy Co. Ltd. has signed a seven-year offtake agreement with Canada’s Nouveau Monde Graphite Inc. (NMG) to secure supply of natural graphite for operations in North America, Panasonic announced Feb. 15. In addition, Panasonic Energy also plans to invest in NMG, starting with a payment of $25 million. The battery manufacturer said that it is looking to make an additional funding worth $150 million with co-investors in NMG, subject to a maximum ownership thr...
    LG Energy signs second lithium offtake agreement with Australia’s WesCEF for North American markets
    South Korean battery-maker LG Energy Solution has signed a second offtake agreement with Australia’s Wesfarmers Chemicals, Energy and Fertilisers (WesCEF) to secure a stable supply of lithium concentrate specifically for the North American market, the company announced Feb. 14. Significance: Under the offtake agreement, WesCEF will supply LG Energy Solution with up to 85,000 metric tons of lithium concentrate, which could be utilized in producing about 11,000 metric tons of lithium hyd...
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