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    Waabi and Volvo partner to develop autonomous trucks
    As reported in a press release on Feb. 4, Waabi has formed a strategic partnership with Volvo Autonomous Solutions to jointly develop and deploy autonomous trucks, combining Waabi's generative AI technology with Volvo's expertise in automation and safety. The collaboration aims to make the freight transportation industry safer, more efficient and sustainable. Waabi, led by Founder and CEO Raquel Urtasun, plans to integrate its AI technology directly into original equipment manufacturer vehicl...
    Toyota teams up with Hydrogen Refueling Solutions, ENGIE to build hydrogen refueling infrastructure in Europe
    Toyota Motor Europe has signed an agreement with Hydrogen Refueling Solutions (HRS) and global energy company ENGIE to roll out the next generation hydrogen refueling systems, the Japanese carmaker’s European unit announced Jan. 28. The newly developed hydrogen refueling solution will be piloted in an EU-funded RHeaDHy project that focuses on accelerating infrastructure deployment, the company said. The EU-funded RHeaDHy project stands for refueling heavy duty with very high flow hydroge...
    Nissan, Honda reportedly evaluating a potential merger
    On Dec. 17, Nikkei news agency reported that Japanese automakers Nissan Motor Corp. and Honda Motor Co. are holding talks for a potential merger to effectively compete with their larger global competitors amid ongoing transition to zero-emission vehicles. The Nikkei report, which suggests that the two companies are evaluating the possibility of joint operations under a holding company, comes nine months after Nissan and Honda signed an agreement to begin the feasibility study of a strategic p...
    Hyundai Motor Group expands partnership with Google for enhanced navigation and infotainment
    Hyundai Motor Group (HMG) is extending its partnership with Google to deliver more advanced navigation and infotainment systems in its next-generation vehicles, sold by Hyundai, Kia and Genesis brands. This partnership will integrate Google Maps Platform's Places API, providing drivers with detailed information on over 250 million global locations directly through their vehicle's systems. This integration aims to improve navigation accuracy with up-to-date information on business hours, ...
    Stellantis, CATL to invest €4.1 billion on JV for lithium iron phosphate battery plant in Spain
    Amsterdam-headquartered Stellantis and Contemporary Amperex Technology Co. (CATL), the world’s largest battery-maker, have reached an agreement to set up an equal joint venture company focused on battery manufacturing operations in Spain, the two companies said in a joint announcement on Dec. 10. As part of the agreement, Stellantis and CATL have agreed to invest up to €4.1 billion in building a large-scale, 50-GWh lithium iron phosphate (LFP) battery plant in Zaragoza, Spain. The battery...
    Volkswagen-SAIC Group extend their JV agreement until 2040 in Greater China
    Europe’s largest carmaker Volkswagen (VW) has extended its joint venture agreement with SAIC Motor until 2040 in Greater China, securing the strategic partnership for a longer duration as it realigns its approach in the world’s largest electric vehicle market, VW announced Nov. 27. The original JV agreement between VW and SAIC was valid until 2030. The extension of this partnership with SAIC not only strengthens the 40-year collaboration between the two companies but is also aligned wi...
    Novonix signs binding offtake agreement to supply synthetic graphite to PowerCo
    Novonix Ltd., a leading Australia-based battery materials company, has signed a binding offtake agreement with PowerCo SE, Volkswagen’s battery division, to supply the latter with a minimum of 32,000 metric tons of high-performance synthetic graphite material, Novonix announced Nov. 25. Novonix is slated to supply the synthetic graphite material to PowerCo over a five-year term, starting in 2027. The two companies had previously signed a non-exclusive Testing and Development Agreement in Ma...
    E.ON and MAN partner to build EV charging network for electric trucks across Europe
    E.ON and MAN Truck & Bus have agreed to cooperate in jointly setting up about 400 electric vehicle charging stations for public charging of electric trucks across 170 locations in Europe, the two companies said in a joint announcement on July 11. The companies plan to invest in building new EV charging stations, which will be built along the existing MAN service network and will also be able to charge commercial vehicles from other manufacturers. Of the 170 locations, about 125 sites are ...
    Volkswagen to invest $5 billion in Rivian, both companies to set up a JV
    US electric-car maker Rivian Automotive and Europe’s largest carmaker Volkswagen Group plan to set up an equal joint venture to focus on developing next-generation electrical architecture and software solutions that can benefit both the companies in their respective EV lineup in the future, Rivian announced June 25. The two companies expect that the JV will be formed by the fourth quarter of 2024. The strategic partnership also entails Volkswagen Group's plan of investing $5 billion in Rivi...
    Amara Raja signs strategic partnership with Gotion InoBat Batteries
    Amara Raja Advanced Cell Technologies Pvt. Ltd. (ARACT), a wholly owned subsidiary of Amara Raja Energy & Mobility Ltd., one of India’s leading battery manufacturers, has signed a technical licensing agreement with GIB EnergyX Slovakia sro., a subsidiary of mainland China’s Gotion High-Tech Co Ltd., the two companies said in a joint announcement June 24. As part of the agreement GIB EnergyX will license Gotion’s world-class lithium iron phosphate (LFP) technology for lithium-ion cel...
    Jaguar Land Rover, Chery deepen partnership to develop new EV range in mainland China
    British luxury-car maker Jaguar Land Rover (JLR) and Chery Automobile Co. are deepening their 12-year partnership to strengthen their equal joint venture company — called CJLR — product offerings in mainland China, JLR announced June 19. JLR and Chery have signed a letter of intent (LoI) to license the Freelander brand to CJLR for jointly developing a range of new electric vehicles to be built on Chery’s EV architecture. The two companies plan to establish a Freeland...
    Stellantis, Leapmotor joint venture to begin operations in Europe from September 2024
    Stellantis N.V. and Leapmotor have received all the required regulatory approvals to establish their joint venture company, Leapmotor International B.V., Stellantis announced on May 14. The joint venture company, in which Stellantis will hold a stake of 51% and the remaining will be held by mainland China-based smart electric carmaker Leapmotor, will be headquartered in Amsterdam. Leapmotor International B.V. will be led by CEO Tianshu Xin, who is a former Stellantis China executive, Stellant...
    Anson Resources signs binding offtake agreement with LG Energy Solution
    Anson Resources Ltd. announced May 1 that it has completed negotiations with South Korea’s largest battery-maker LG Energy Solution (LGES) and has executed its first offtake term sheet for the supply of battery-grade lithium carbonate from its 100%-owned project within the Paradox Basin in Southern Utah, Utah. The move, which represents a significant development toward establishing a local supply chain for batteries in North America, will contribute toward the US reducing its...
    Volkswagen, Cariad partners with Xpeng to unveil zonal architecture for mainland Chinese vehicles
    Volkswagen, along with its software unit Cariad, is collaborating with Xpeng to unveil the China Electrical Architecture (CEA), a zonal electrical/electronic (E/E) architecture, it said in a press release dated April 17. The CEA is to standardize the digital architecture of its locally produced models in mainland China. The CEA will simplify the complexity of control units and reduce costs by 40% compared to the Modular Electric Architecture (MEB). The new architecture will be applied to four...
    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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