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    Is Tesla’s application of LFP cathode technology indicative of price over performance?
    A recent development has got the automotive industry talking about a battery chemistry which, over the last half-a-decade, has been steadily losing market share in the electric vehicle (EV) segment—lithium iron phosphate (LFP). Tesla recently received an approval from the Mainland Chinese governme...
    Consumer Survey: Will we see an increase in anti-microbial coating in automotive due to the COVID-19 pandemic?
    The coronavirus disease 2019 (COVID-19) pandemic has caused severe disruptions in the global automotive supply chain. With no immediate solution in sight, federal governments around the world issued stay-at-home orders and called for the closure of non-essential businesses. This forced OEMs to suspe...
    15-Jun-2020 Insights COVID-19 Pinned
    EU launches European Clean Hydrogen Alliance for advanced hydrogen technologies
    The European Union (EU) has adopted two new strategies for energy system integration and hydrogen usage to create a more efficient and interconnected energy sector. According to a press statement issued by the European Commission on 8 July, these strategies are alligned with the ...
    Fisker Inc raises USD50 million in Series C financing round
    Electric vehicle (EV) start-up Fisker Inc. has raised USD50 million Series C financing led by Moore Strategic Ventures, LLC, according to a press release on 8 July. Fisker Inc. has appointed Burkhard Huhnke as chief technology officer (CTO). Huhnke will lead Fisker's research and development (R&a...
    Volvo recalls 307,900 vehicles in US to replace seatbelt anchor cable
    Volvo is recalling nearly 307,900 vehicles in the United States replace seatbelt anchor cable, according to a recall notice on the National Highway and Transport Safety Authority (NHTSA) website. The recall affects certain model year (MY) 2008-16 Volvo V70 wagons and XC70 SUVs; MY 2007–16 S80 seda...
    09-Jul-2020 News Recalls
    FREYR raises USD13.5 million financing for LIB cell facility in Norway
    FREYR has announced the completion of NOK130 million (USD13.7 million) of preconstruction financing for its first lithium-ion battery cell (LIB) facility in Norway, according to a press release on 2 July. The company informed that a total of 40 professional and private investors joined forces in the...
    New Opel Mokka-e EV features IntelliLux LED® matrix headlights
    Opel’s new all-electric Mokka-e features IntelliLux LED® matrix headlights, according to a company press release on 24 June. This is the first B-segment model to have glare-free IntelliLux LED® matrix light. All Mokka variants are equipped with latest generation LED lamps—from daytime runni...
    09-Jul-2020 News New Products
    US-state Michigan sets up ‘Office of Future Mobility and Electrification’
    The US state Michigan Governor Gretchen Whitmer has launched the ‘Office of Future Mobility and Electrification (OFME)’ 2 July, according to a press release on the official website of the Michigan.gov. The new office will work across state government, academia, and private industry to enhance Mi...
    09-Jul-2020 News Investments
    EDAG to develop hybrid storage system for battery and hydrogen in EVs
    The EDAG Group has started a joint research project with Hexagon Purus to develop a flexible storage system for the vehicle floor in which the latest generation of batteries and hydrogen pressure tanks can be installed in parallel, according to an EDAG press release on 7 July. Hexagon Purus is a spe...
    09-Jul-2020 News New Products
    Continental to supply telematics and antenna solutions to two European OEMs
    Continental has announced that it will supply intelligent antenna modules and 5G telematics units to two European vehicle manufacturers, a company press release read on 8 July. Serial production of the products is planned for 2023. Continental also said that it is working on 4G and 5G telematics ...
    Ingeteam and Infineon Technologies partner to develop 400kW EV charger
    Spain-based power conversion group Ingeteam and Germany-based Infineon Technologies have partnered to develop a superfast 400-kW electric vehicle (EV) charger, Infineon said in a press release on 8 July. The INGEREV® RAPID ST400 converter from Ingeteam is based on CoolSiC™ MOSFETs in an EasyDU...
    Indian startup BrightBlu receives investment for EV charging solutions
    India-based electric vehicle (EV) charging startup BrightBlu has received investment from Sytse Zuidema, former CEO of European EV charge point operator NewMotion, according to a company press release on 7 July. Zuidema now becomes a new shareholder and director on the board of BrightBlu. “His ...
    Autonomous driving software startup Basemark secures USD7.9 million equity investment
    Basemark, a Finland-based startup specializing in graphics and autonomous driving vehicle software, has secured EUR7 million (USD7.9 million) in equity investment from ETF Partners, the company said in a press release on 7 July. The company will use the proceeds from the investment to fund its growt...
    Aurora introduces FirstLight lidar sensor
    Aurora Innovation has debuted FirstLight Lidar, an all-new lidar sensor on its next-generation autonomous test vehicles, the US-based autonomous technology startup announced in a blog on Medium.com on 8 July. The new lidar sensor, integrated into Aurora’s custom-built Chrysler Pacifica m...
    09-Jul-2020 News New Products
    Volvo invests in blockchain firm Circulor to trace cobalt usage in EV batteries
    Sweden-based carmaker Volvo Cars has made an investment in Circulor, a blockchain technology firm, and the investment was made through Volvo’s venture capital investment arm, Volvo Cars Tech Fund. According to a press release issued by Volvo on 8 July, the two companies have been working in conjun...
    09-Jul-2020 News Investments
    BMW's PEV sales grow 3.4% y/y to 61,652 units in H1 2020
    In a press release dated 7 July, BMW announced that its plug-in electric vehicle (PEV) sales globally grew 3.4% year on year (y/y) to 61,652 units in the first six months of 2020. In total, BMW’s car sales fell 21.7% y/y to 842,153 units globally.  Significance: BMW has been bolstering its...
    Audi unveils all-electric Q4 Sportback e-tron concept
    Audi has unveiled the new all-electric Q4 Sportback e-tron concept, the company announced in a press release on 7 July. The coupé variant of Q4 e-tron sport utility vehicle (SUV) is expected to go into production in 2021. “From a technical perspective, the Q4 Sportback e-tron is identical to the ...
    08-Jul-2020 News New Products
    Benteler develops Euro 7-compliant exhaust system
    Germany-based automotive components supplier, Benteler, has announced that it has developed an electrically heated catalytic converter that is compliant with the upcoming Euro 7 emission norms. According to a press statement issued by Benteler on 7 July, these devices can be used in all cars with in...
    08-Jul-2020 News New Products
    Vauxhall wins order for 1,000 Vivaro-e electric vans from British Gas
    Vauxhall has won an order for 1,000 Vivaro-e all-electric vans from British Gas, the company announced in a press release on 6 July. Vauxhall will deliver the vans over the next 12 months and they will be rolled out nationwide across the British Gas engineer workforce. “I am delighted that Br...
    Sculpteo, BASF launch new 3D-printing materials for automotive industry
    Sculpteo and its parent company BASF have launched three new 3D-printing materials for the automotive industry, news website 3dprintingindustry.com reported on 1 July 2020. The high-performance materials are the Polyamide 6, Thermoplastic Polyurethane (TPU), and Polypropylene (PP) materials. “W...
    08-Jul-2020 News New Products
    Hyundai Motor, SK Group mull partnership for next-gen EV battery
    Hyundai Motor and SK Group are mulling to enter into a partnership to develop next-generation electric vehicle (EV) batteries, The Korea Herald reported on 7 July. Hyundai Motor Group executive vice chairman Chung Euisun and SK Group Chairman Chey Tae-won met to discuss the battery technologies incl...
    Anhui Zhongding Sealing Parts to supply heat management system to Geely’s NEVs in Mainland China
    Sealing technologies and rubber components supplier, Anhui Zhongding Sealing Parts, will be supplying the heat management systems for the new energy vehicle (NEV) powertrains of Mainland Chinese carmaker, Geely. According to a report filed by Mainland China-based new agency Yicai Global on 7 July...
    Toyota, Mazda, Panasonic halt operations due to flood in Japan’s Kyushu region
    Automakers Toyota and Mazda, and electronics conglomerate Panasonic have temporarily halted operations at certain plants in Japan’s Kyushu region on 6 July due to heavy rains, Reuters reported on 7 July. Significance: Mazda canceled the second shift at its plants in Hiroshima, and Hofu, Yamaguc...
    Madrid gets 12 new fast EV chargers
    Madrid, Spain, added 12 new DC fast chargers for electric vehicles (EVs), Explica.co reported on 25 June. Currently, there are a total of 153 chargers including AC and DC chargers available for EV drivers in Madrid. In addition, there are 261 charging points for the municipal fleet that are not...
    Baidu, Toyota, Daimler, Audi, Pony.ai obtain temporary licenses to test autonomous vehicles in Beijing
    Six companies have obtained temporary licenses for autonomous driving road tests in Beijing, PingWest reported on 6 July citing a list released by Beijing Innovation Center for Mobility Intelligent (BICMI). These companies Toyota Motor Engineering & Manufacturing (China) Co., Ltd. (TMEC), Beijin...
    Nikola Motor opens bookings for all-electric pickup Badger
    US-based startup Nikola Motor has begun taking reservations for its upcoming Badger electric and hydrogen-powered pickup truck, according to a press release on 29 June. Truck base prices range from USD60,000 for a battery-only version to more than USD80,000 for a fuel cell electric vehicle (FCEV) tr...
    Tesla's EV deliveries fall 4.7% y/y to 90,650 units in Q2
    In a press release dated 2 July, Tesla announced its second quarter deliveries and production numbers. The automaker has delivered 90,650 vehicles during the second quarter ended 30 June 2020, down 4.7% year on year (y/y). This included 10,600 units of Model S and Model X, and 80,050 units of Model ...
    NIO delivers 10,331 EVs in mainland China in Q2
    NIO has delivered 10,331 electric vehicles (EVs) in Mainland China in the second quarter of 2020, representing a growth of more than 190.8% year-on-year (y/y), the company said in a press release on 2 July. The company delivered 3,740 vehicles in June 2020, representing an increase of 179.1% y/y. Th...
    ABB joins eCharge4Drivers consortium for EV charging infrastructure in Europe
    ABB has joined the eCharge4Drivers project, part of the Low Carbon Green Vehicles program ‘User-centric charging infrastructure’, for electric vehicle (EV) charging infrastructure in Europe, according to a company press release on 7 July. The consortium supports development of smarter and mor...
    Opel unveils all-electric variant of Mokka
    Opel has unveiled the second generation of its Mokka, an all-electric variant of the model—Mokka-e, the automaker announced in a press release on 24 June. “For the first time in Opel’s history, the new Mokka will be available from the first day with an all-electric variant,” the automaker sa...
    08-Jul-2020 News New Products
    M&A: LeddarTech buys Israeli sensing software company VayaVision
    Leddartech has acquired sensor fusion and perception software company VayaVision for an undisclosed amount, the company said in a press release on 7 July. VayaVision will become a wholly owned subsidiary of LeddarTech. “The acquisition of VayaVision adds a vital building block by combining thei...
    Continental picks Renesas’ R-Car M3 SoC for body high-performance computer
    Renesas Electronics has announced that Continental has adopted its high-performance Renesas R-Car M3 system-on-chip (SoC) for its first-generation Body High-Performance Computer (HPC), a company press release read on 7 July. HPC is an automotive computing platform offering centralized control of veh...
    OpenSynergy partners with Qualcomm, Google to virtualize Android Automotive OS
    OpenSynergy has announced a yearlong collaboration with Google and Qualcomm on virtualizing the Android Automotive OS, a company press release read on 7 July. The partnership is on a reference platform with a virtualized Android Automotive OS instance running on top of OpenSynergy’s COQO...
    NSK releases sensor to measure torque of drive shafts in cars in real time
    NSK has developed a non-contact sensor capable of measuring the torque of drive shafts real time in vehicles, the company said in a press release on 7 July. The sensor uses magnetic fields to detect torque by measuring twisting of the drive shaft as it is rotated by the motor. The new torque sensor ...
    08-Jul-2020 News New Products
    Infineon unveils new motor system ICs for EVs
    Infineon has developed new motor system integrated circuits (ICs) for brushed and brushless DC motors control in electric vehicles (EVs), the company said in a press release on 7 July. Infineon claims that these ICs are the world's first multiple half-bridge drivers for metal-oxide-semiconducto...
    08-Jul-2020 News New Products
    Connected intelligent tire: The next big push for connected mobility
    In order to create a vision of automated and accident-free driving, all parts of the vehicle need to be intelligent and connected. As such, dummy tire that provides no information about the tire itself and the road surfaces can be a barrier. Therefore, an inevitable evolution is a connected intellig...
    Suzuki unveils Across PHEV SUV with 2.5L petrol engine
    Japanese carmaker Suzuki has announced the launch of its mid-size SUV, the Across plug-in hybrid (PHEV). According to a press statement issued by Suzuki, the Across PHEV, which is a platform-sharing product based on the Toyota RAV4, will also be equipped with the E-Four electronic 4x4 system. The...
    08-Jul-2020 News New Products
    AEB to become more prevalent by 2025 owing to increasing focus on autonomy and safety
    In a world where automotive manufacturers are coming under increasing regulatory pressure to improve safety features in their vehicles, and where autonomy is being steadily integrated into nearly every operational aspect of the vehicle, certain technologies are poised to become ubiquitous in cars in...
    Semcon and Powercell to develop more efficient fuel cells for vehicles
    Semcon and Powercell deepened their collaboration for developing more efficient fuel cells for vehicles, Semcon announced in a press release. The two companies have entered into a new framework agreement for developing a new robotic cell with the use of vision technology, that will streamline the pr...
    LG Chem partners with GS Caltex to develop EV battery specialized services using big data
    South Korean battery maker LG Chem has partnered with GS Caltex to develop electric vehicle (EV) battery specialized services using big data, the company announced in a press release on 7 July. For this, the two companies have also signed a memorandum of understanding (MOU) with Signet EV, Soft Berr...
    Porsche Leipzig plant extension underway for EV manufacturing
    In a press release dated 6 July, Porsche informed that Leipzig plant extension for electric vehicles (EVs) is underway and on schedule. Porsche will manufacture its the all-electric Macan at this facility. Porsche informed that it is investing more than EUR600 million (USD678 million) at its Le...
    07-Jul-2020 News Investments
    Volkswagen starts work on conversion of Emden plant in Germany for EV production
    Volkswagen has started work on converting its Emden plant in Germany for production of electric vehicles (EV), the company announced in a press release on 6 July. The first electric vehicle, which will be the ID.4, will roll off the production line here from 2022  and will be followed by other ...
    07-Jul-2020 News Investments
    Electric car sales in Norway falls 32.1% y/y to 5,041 units in June
    Electric car sales in Norway dropped 32.1% year-on-year (y/y) to 5,041 units in June, according to OFV, which cited data from the Norwegian Public Roads Administration. Electric cars accounted for a market share of 44% during June. In the first six month, sales of electric cars touched 28,503 units ...
    Eleven companies form international coalition for energy transition in transport and logistics
    Eleven companies—AWS, Carrefour Group, CMA CGM Group, Cluster Maritime Français, Crédit Agricole Corporate and Investment Bank, Engie, Faurecia, Michelin, Schneider Electric, Total and Wärtsilä— have joined forces to establish an international coalition for energy transition in transport and...
    Semiconductor Industry Association says global semiconductor sales up 5.8% y/y in May
    Worldwide sales of semiconductors rose 5.8% year-on-year (y/y) to USD35 billion in May 2020, the Semiconductor Industry Association (SIA) reported on 3 July. It was also 1.5% higher than in April 2020. “The global semiconductor market in May remained largely resistant to the widespread economic...
    Keysight expands HEV/EV regenerative power supplies portfolio
    Keysight has added to its RP7900 Series of regenerative power supplies, the company said in a press release last month. Keysight has added two new bidirectional, regenerative DC power supplies for safety features that protect people and devices under test (DUT). “Keysight's RP7900 series power ...
    07-Jul-2020 News New Products
    Power Integrations’ LinkSwitch-TN2 switcher ICs gets certified for automotive use
    Power Integrations has announced LinkSwitch-TN2 switcher integrated circuit (IC) for buck or non-isolated flyback applications has received automotive certification, a company press release on 30 June showed. The AEC-Q100-qualified IC contains an integrated 750 V MOSFET. “Our automotive switche...
    Project ASLAN launches open-source autonomous software platform
    Project ASLAN has launched an open-source autonomous platform, according to a press release by Project ASLAN on 1 July. The free and open software stack has been developed to foster engineering collaboration. The project partners aim to share as much data on autonomous testing as possibly they can. ...
    07-Jul-2020 News New Products
    COVID-19 pandemic: Igarashi Motors resumes operations at Chennai plant in India
    On 6 July, Igarashi Motors India Limited resumed operation at its Chennai plant in Tamil Nadu, India, with reduced manpower, the company said in a regulatory filing on 6 July. “The Management Taskforce of the Company has taken all measures to comply with the COVID Guidelines relating to safety, he...
    07-Jul-2020 News COVID-19
    Toshiba develops long-range light-receiving tech to deploy in solid-state lidar systems
    Toshiba has introduced a high-resolution, long-range light-receiving technology for deployment in solid-state lidar systems, the company said in a press release on 7 July. The systems use Toshiba’s proprietary compact, high-efficiency silicon photomultiplier (SiPM). Toshiba claims that its lida...
    07-Jul-2020 News New Products
    Hyundai equips Venue compact SUV in India with intelligent manual transmission
    Hyundai Motor India Ltd. (HMIL) has introduced the intelligent Manual Transmission (iMT) technology in India. Venue compact sport utility vehicle (SUV) is the first vehicle from the company to offer the new two-pedal clutch-less technology in India, the automaker announced in a press release on 3 Ju...
    07-Jul-2020 News New Products
    SPIN-OFF: Motherson Sumi Systems creates new subsidiary for wiring harness business in India
    Indian auto components major Motherson Sumi Systems Ltd. has incorporated on 2 July 2020 a wholly owned subsidiary called ‘Motherson Sumi Wiring India Limited (MSWIL),’ according to a filing with the Bombay Stock Exchange (BSE). The new subsidiary will be the transferee entity into which the dom...
    ON Semiconductor to supply Danfoss Silicon Power with high power IGBTs and diodes for EVs
    ON Semiconductor has announced that it will supply Danfoss Silicon Power with high power insulated-gate bipolar transistors (IGBTs) and diodes for inverter traction modules used in electric vehicles (EVs), a company press release read on 6 July. ON Semiconductor will fabricate the high-power compone...
    Toyota recalls 752,000 Prius hybrid cars globally over risk of engine stall
    Toyota is recalling about 752,000 Prius hybrid cars globally over risk of engine stall, according to a report by Associated Press on 24 June. The recall covers certain model year (MY) 2013–15 Prius and MY 2014–17 Prius v hybrids. Of these, nearly 267,000 vehicles are being recalled in the United...
    07-Jul-2020 News Recalls
    M&A: Austrian sensor firm ams receives EU approval for Osram acquisition
    Austria-based sensor specialist ams has received unconditional regulatory approval on 6 July from the EU commission for the acquisition of Germany-based Osram Licht AG, ams said in a press release. “The EU regulatory approval constituted the last remaining condition precedent for closing the trans...
    POLICY: Indian state Karnataka removes registration fee, stamp duty for EVs
    The Cabinet of India’s Karnataka State Government on 25 June decided to completely waive stamp duty and registration charges for the manufacture and sale of electric vehicles (EVs) in a bid to push EV adoption in the state, according to a report by Deccan Herald. Significance: The decision is i...
    COVID-19 pandemic: Auto parts supplier Compa temporarily reducing operations in Romania
    Romanian automotive components manufacturer Compa S.A. Sibiu is temporarily reducing operations in the country for two months due to the difficult economic context caused by the COVID-19 pandemic, according to a company statement filed with the Bucharest Stock Exchange (BSE) 1 July. The op...
    07-Jul-2020 News COVID-19
    Six automakers to recall around 110,000 vehicles in South Korea over faulty parts
    Hyundai, Mercedes-Benz, SsangYong, Porsche, Honda, and Hanbul Motors are recalling approximately 110,000 vehicles in South Korea over faulty parts, Yonhap News Agency reported on 2 July, citing the South Korean Ministry of Land, Infrastructure, and Transport (MLIT). The recall affects certain H...
    07-Jul-2020 News Recalls
    Rheinmetall Automotive wins USD283 million order for electric vacuum pumps in Mainland China
    Rheinmetall Automotive has secured orders worth EUR250 million (about USD283 million) for electric vacuum pumps in Mainland China from an undisclosed automaker, according to a company press release on 6 July. The components to be supplier are being manufactured by Pierburg Huayu Pump Technology (PHP...
    Xpeng Motors start delivery of all-electric P7 in Mainland China
    Xpeng Motors has started delivery of its all-electric sedan P7 in Mainland China, the company announced in a press release on 28 June. The P7 is available through Xpeng’s 190-store sales and service network, including 99 experience centers, 64 service centers and 27 sales outlets across 57 cities ...
    06-Jul-2020 News New Products
    BYD unveils all-electric Tang in Norway
    BYD has unveiled its all-electric sport utility vehicle (SUV) ‘Tang’ in Norway, the company announced in a press release on 1 July. The company has started market trials of Tang in the Norwegian passenger car sector. The latest 2020 model year BYD Tang EV will go into production in November 2020...
    06-Jul-2020 News New Products
    Finnish Minerals Group to invest USD1.7 billion in battery value chain in Finland
    Finnish Minerals Group is planning to invest an additional EUR1.5 billion (USD1.7 billion) in next five years towards building a battery value chain in Finland, the company announced in a press release on 2 July. This investment will be used in the production of intermediate product materials and ce...
    06-Jul-2020 News Investments
    MG Motor to support development of six startups in India
    MG Motor India has signed up six startups for its ongoing MG Developer Program and Grant, the Economic Times reported on 29 June. Highway Delite, Socialcore, InCabEx, CamCom, ClearQuote, and the Alexa-based project Meeseeks are the shortlisted startups. “Our goal is to indigenously develop a co...
    LG Chem to produce batteries for Tesla in South Korea
    LG Chem is planning to produce lithium-ion (Li-ion) batteries for Tesla at its plant in South Korea, Reuters reported on 3 July. The move is to meet the expanded order for batteries from Tesla for the Chinese market. LG Chem is reportedly converting some of its production in South Korea to cater to ...
    BMW to release vehicle software upgrade with new connectivity and navigation features
    BMW has said that it will release its most comprehensive vehicle software upgrade later this month with improved features for vehicle connectivity and navigation, a company press release on 2 July read. These features will be included in BMW vehicles with Operating System 7. The enhanced features...
    Germany’s Aachen court opens insolvency proceedings for EV startup e.GO Mobile
    Aachen District Court in Germany has opened insolvency proceedings under self-administration on the assets of the electric car manufacturer e.GO Mobile, the company announced in a press release on 1 July. To preserve the insolvency assets, e.GO Mobile will pause production and all development activi...
    Kia to launch K5 sedan in US with advanced connectivity features
    Kia Motors is set to launch its K5 sedan in the United States with advanced connectivity features such as wireless Apple CarPlay and Android Auto for the first time in its vehicles, the company said in a press release on 30 June. It will come with an 8-inch or 10.25-inch touchscreen depending on ...
    06-Jul-2020 News New Products
    Sonoma Coast Incentive Project to invest USD6.75 million in EV charging in California,US
    The Sonoma Coast Incentive Project plans to invest USD6.75 million over three years in electric vehicle (EV) charging infrastructure in California, US, according to a press release on the website of California’s Center for Sustainable Energy. Funded by the California Energy Commission, the Sono...
    Alphabet (GB) partners with NewMotion on EV charging in UK
    Alphabet (GB) Limited has entered into a partnership with EV charging infrastructure company NewMotion, a member of the Shell Group, for EV charging in the United Kingdom, NewMotion announced in a press release on 2 July. The partnership will provide charge points in the UK for Alphabet drivers a...
    Toyota recalls 11,576 vehicles in Canada to update hybrid drive system software
    Toyota has issued a recall of 11,576 vehicles in Canada to update the hybrid drive system software, according to a recall notice on the Transport Canada website on 26 June. The recall affects model year (MY) 2014–15 Toyota Prius and MY 2014–18 Prius V vehicles. Significance: In the subject ve...
    06-Jul-2020 News Recalls
    Rane Group’s FY 2020 revenue falls 17.4% y/y to USD589.7 million
    Rane Holdings Limited, the holding company of Rane Group, has reported a 17.4% year-on-year (y/y) decline in total net revenues to INR44.4 billion (about USD589.7 million) for the fiscal year ended 31 March 2020, according to a company press release on 24 June. EBITDA stood at INR3.5 billion, down 4...
    Frank Petznick to head Continental’s ADAS unit
    Continental has appointed Frank Petznick as head of its Advanced Driver Assistance Systems (ADAS) business unit, the German supplier announced in a press release on 3 July 2020. Petznick will also become a member of the Management Board of the Autonomous Mobility and Safety business area. He brings ...
    Renault launches EV charging subsidiary Elexent in France
    Groupe Renault has established a new subsidiary called Elexent to help other companies find solutions for charging their fleets of electric or plug-in hybrid (PHEV) vehicles, according to a press release on 30 June. The subsidiary is focused on providing ready-to-use charging solutions; it helps cli...
    EverCharge partners with EV charging station company Volta
    EverCharge, an electric vehicle (EV) charging provider, has partnered with EV charging station provider Volta, EverCharge said in a press release on 16 June. EverCharge’s SmartPower technology will be featured in Volta’s iconic charging stations, allowing Volta to add intelligent power-sharing l...
    Toyota Tsusho invests in Japanese Li-ion battery startup APB
    Toyota Tsusho has made an undisclosed investment in Japanese lithium-ion (Li-ion) battery startup APB, according to a press release on 30 June. APB is a startup that is developing and manufacturing the first large-scale bipolar Li-ion battery modules called ‘All Polymer Battery.’ All Polymer ...
    06-Jul-2020 News Investments
    Beijing opens 52 more roads for testing autonomous vehicles
    Last week, Beijing opened 52 additional roads in Haidian District for testing of autonomous vehicles, Xinhua news agency reported on 1 July. The roads totaling 215.3 km are spread over 100-square-kilometers in the northern region of Zhongguancun Science City. According to the Haidian district g...
    Buick to launch VELITE 6 PHEV in Mainland China in late July
    General Motors-owned American carmaker Buick has announced that it will add the new VELITE 6 plug-in hybrid (PHEV) to its product lineup in Mainland China later in July. According to a press release issued by GM on 3 July, this new compact station wagon will become part of the company’s new e...
    06-Jul-2020 News New Products
    Ford partners with HERE Technologies to enable safe hands-free driving
    HERE Technologies has announced that Ford has chosen its platform for safe hands-free driving in the United States and Canada, a company press release read on 1 July. Ford will be able to create a map informing drivers the possibility of Active Drive Assist for hands-free driving across 100,000 mile...
    Mainland Chinese startup HiRain Technologies raises USD30 million in new funding round
    HiRain Technologies has raised CNY210 million (USD30 million) in new funding round from Huaxing Growth Capital, a sub fund owned by China Renaissance, Dalal Street Asia reported on 30 June. The company will use proceeds from the latest funding round to support product innovations in autonomous drivi...
    Ford picks TomTom to provide real-time traffic service for next-gen SYNC connected vehicle technology
    Ford has picked mapmaker TomTom in a multiyear deal to provide real-time traffic service for the next-generation SYNC connected vehicle system, the American automaker said in a press release on 2 July. The F-150 pickup and the all-electric Mustang Mach-E SUV will be the first vehicles to access the ...
    Kasai Kogyo’s FY 2019/20 net sales drops 10% y/y to USD1.9 billion
    Kasai Kogyo has reported 10% year-over-year (y/y) decline in net sales to JPY204.6 billion (USD1.9 billion) in the financial year (FY) ended 31 March 2020, the company said in a press release on 1 July. Operating income dropped 61.5% y/y to JPY4 billion and operating profit ratio of 2% compared with...
    Daimler explores sale of French plant that produces smart EVs
    Mercedes-Benz AG intends to start talks on the sale of its vehicle assembly plant located in Hambach, France, as part of the transformation of the company. According to a press release issued by Mercedes-Benz on 3 July, the company has stated that its Hambach plant currently employs 1,600 staff memb...
    AutoTechInsight Weekly – 06 July 2020
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    Washington University develops new fuel cells with higher performance than hydrogen fuel cells
    Researchers at Washington University in St. Louis in the United States have developed new fuel cells with higher performance than hydrogen fuel cells, the university announced in a press release in June. According to the research, the new high-power direct borohydride fuel cells (DBFC) have an opera...
    Faraday Future's founder completes his Chapter 11 restructuring plan
    In a press release dated 2 July, Faraday Future announced that it has completed the bankruptcy reorganization procedures of its founder YT Jia. Faraday Future said that the reorganization plan has officially become effective, and his Creditor Trust has also been officially established and begun oper...
    BMW opens new competence center for e-drives in Germany
    BMW has opened a new competence center for e-drives production in Dingolfing in Germany, the company announced in a press release on 2 July. The new center will expand the production capacity at the plant to manufacture e-drives for 500,000 electric vehicles (EVs). The BMW Group will produce electri...
    03-Jul-2020 News Investments
    Hyundai Wia starts construction of new engine plant in Russia
    Hyundai Motor Group’s automotive engine supplier unit, Hyundai Wia, has announced that it has broken ground on the construction of its new engine manufacturing facility in Russia. According to a report filed by South Korean news agency Yonhap on 1 July, the engines manufactured at this new plant i...
    03-Jul-2020 News Investments
    InoBat wins EUR10 million funding from CEZ Group for EV battery R&D and production in Slovakia
    InoBat Auto has won a EUR10 million funding from CEZ Group for electric vehicle (EV) battery research and development (R&D) and production in Slovakia, the company announced in a press release on 1 July. The funds will be used for a 100 MWh R&D center and production line. The investment...
    M&A: Daimler to acquire 3% stake in battery maker Farasis
    Daimler has entered into a strategic partnership with mainland Chinese battery maker Farasis Energy, including a stake acquisition, Daimler announced in a press release today (3 July). Daimler Greater China is investing a multi-million-euro amount as part of Farasis's IPO to acquire a 3% stake. This...
    BWI Group inaugurates new technical center in Poland
    Beijing-based automotive parts supplier, BWI Group, has opened its new technical center in Krakow, Poland. According to a press release issued by the BWI Group, former testing laboratories, existing offices and model shop facilities have now been consolidated inside the 11,000-square-meter (over ...
    03-Jul-2020 News Investments
    Gentherm, ThermoAnalytics to jointly develop software for human thermal comfort predictions in vehicles
    Thermal management technology supplier Gentherm has announced that it will jointly work with thermal modeling software development firm, ThermoAnalytics Inc., to develop an advanced software to improve human thermal comfort predictions in vehicles. This software, which can accurately predict an indi...
    Hyundai Mobis invests USD20 million in VC funds with aim to secure future mobility technologies
    Hyundai Mobis has announced investment of USD20 million in two US-based funds, ACVC Partners and MOTUS Ventures, the South Korean automotive supplier said in a press release on 2 July. Both ACVC MOTUS are early stage venture capital firms and deemed to have a good eye for discovering the promising t...
    03-Jul-2020 News Investments
    COVID-19 pandemic: 30 supplier plants in Mexico’s Puebla city resume operations on 29 June
    Auto parts suppliers in Mexico’s Puebla city are preparing to restart operations after receiving permits from local and federal authorities, according to a report by El Economista on 30 June. The general secretary of the Confederation of Mexican Workers (CTM) in Puebla, Leobardo Soto Martínez, co...
    03-Jul-2020 News COVID-19
    Continental to build new plant in Serbia to produce driver information systems
    German auto parts supplier Continental has announced plans to build a new production plant for innovative driver information systems in Serbia's Novi Sad, SeeNews reported on 1 July. The company will begin construction by the end of 2020. The plant will produce complex driver information systems ...
    03-Jul-2020 News Investments
    New Volkswagen Tiguan features LED matrix headlights 'IQ.LIGHT'
    The new Volkswagen Tiguan features new LED matrix headlights ‘IQ.LIGHT’, according to a company press release on 1 July. The IQ.Light LED matrix headlight with an intelligent light control makes night driving more comfortable and safer. The LED headlights use a matrix of individually controll...
    03-Jul-2020 News New Products
    Motherson Sumi Systems to spin off Domestic Wiring Harness business into new entity
    The Board of Directors of Motherson Sumi Systems Limited (MSSL) approved 2 July a draft composite scheme of amalgamation and arrangement amongs MSSL, a new company which is in the process of being incorporated as a wholly owned subsidiary of MSSL (resulting company), and Samvardhana Motherson I...
    Varroc’s FY 2019/20 revenue down 7.5% y/y to USD1.5 billion
    Varroc Engineering has reported a decline of 7.5% year on year (y/y) in revenue from operations to INR111.2 billion (USD1.5 billion) for the fiscal year ended 31 March 2020, according to a regulatory filing on 25 June. Net profit for the year stood at INR1.91 million compared with net profit of INR4...
    Electronica China 2020: STMicroelectronics to present smart mobility solutions
    STMicroelectronics (STM) will exhibit smart mobility solutions at Electronica China 2020 from 3–5 July, the company said in a press release on 2 July. STM will present a mock-up car integrating 31 demos, 90% of which are live. This demo car shows STM’s comprehensive portfolio of automoti...
    ABB launches new compact high-power charger for EVs
    ABB has launched a new compact high-power charger ‘Terra 184 charger’ for electric vehicles (EVs), according to a company press release on 2 July. The Terra 184 charger is a fast, compact, and robust EV charger providing the ability to charge up to three vehicles simultaneously, while maximizing...
    03-Jul-2020 News New Products
    M&A: Velodyne confirms reverse merger agreement with Graf Industrial
    Velodyne Lidar has entered a definite merger agreement with Graf Industrial, a US-based, publicly traded, special purpose acquisition company (SPAC), the two companies said in a joint press release on 2 July. The proforma market capitalization of the merged company will be around USD1.8 billion. ...
    Renault's Zity electric car-sharing service starts operations in France
    Renault has inaugurated its ZITY car-sharing service in Boulogne-Billancourt in French capital Paris, the automaker announced in a press release on 1 July. Groupe Renault began a fleet of 500 pure electric Renault ZOE cars for Parisians on a self-service basis. The service is accessible 24/7 in Pari...
    Veoneer, Volvo Cars complete split of Zenuity JV
    Veoneer and Volvo Cars have finalized previously announced the split of their equally-owned automated driving software joint venture (JV), Zenuity, the two Sweden-based companies said in separate press releases on 2 July. As part of the split, Veoneer received the part of Zenuity’s business focuse...
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