Filters
Your Selections
    Asset
    Published
    Vehicle Domain
    Topical Categories
    Supplier
    OEM
    Region / Country/Territory
    Tariff trouble: Will Mexico's auto investment engine splutter?
    In the aftermath of the US election, President-elect Donald Trump’s impending return to the Oval Office has sparked widespread speculation about the implications of his second term, particularly in the automotive sector. As the world watches, the intersection of politics and innovation becomes a focal point, with the administration's stance on the Inflation Reduction Act (IRA) and its impact on electric vehicle supply chains taking center stage. Meanwhile, the alliance between Elon Musk and th...
    Inching closer to commercialization: Curious case of autonomous trucks
    The advent of autonomous trucking represents a significant paradigm shift within the broader mobility industry, with far-reaching implications for logistics and supply chain management. However, the roadmap for autonomous truck deployment is continuously being dialed back as technology maturation, capital investment, business case rationalization, and regulatory hurdles prove more challenging than expected. Despite these challenges, the potential for autonomous trucks to revolutionize freight tr...
    Hankook & Co. Group acquires majority stake in Hanon Systems
    Hankook & Co. Group signed share purchase agreements with Hahn & Co. for the acquisition of majority stake in automotive thermal management systems supplier Hanon Systems on Oct. 31. The acquisition was made through Hankook & Co. Group's core business, Hankook Tire & Technology. The acquisition is expected to complete by the end of 2024. Following the acquisition, Hankook & Co. Group will own a 54.77% stake in Hanon Systems. Earlier in May, Hankook Tire’s board of direct...
    Bose acquires McIntosh Group to expand premium audio offerings
    Bose Corp. has announced its acquisition of McIntosh Group, the parent company behind the luxury audio brands McIntosh and Sonus faber, and manufacturer of premium amplifiers, speakers, turntables and other audio products. This acquisition significantly expands Bose’s portfolio of premium audio solutions for various markets, including automotive. According to Bose, the acquisition brings together “two industry pioneers with more than 175 years of combined, deep technical expertise a ...
    Aisin integrates Aisin Chemical to enhance efficiency
    Aisin Corp. signed a memorandum of understanding (MOU) on Oct. 31 to merge its consolidated subsidiary Aisin Chemical into its operations. Aisin Chemical specializes in the development, manufacturing and sale of chemical products, friction materials and plastic parts for vehicles. Aisin Chemical will repurchase all of its shares held by companies other than Aisin as treasury stock, and then merge with Aisin. The planned merger is scheduled to become effective from April 1, 2025. Thi...
    Piedmont Lithium and Sayona Mining to merge, creating lithium powerhouse
    Piedmont Lithium Inc., a significant North American supplier of lithium products for the US electric vehicle supply chain, has entered into a definitive agreement with Sayona Mining Ltd. to merge the two companies, creating a leading lithium business with Sayona becoming the parent entity, termed MergeCo. The equity holdings post-transaction will be evenly split between Piedmont and Sayona shareholders on a fully diluted basis. To support this merger, Piedmont plans to raise approximately $27...
    Autoneum acquires majority stake in mainland China-based supplier Jiangsu Huanyu Group
    Autoneum has signed an agreement to acquire a 70% stake in Jiangsu Huanyu Group, a major supplier of automotive acoustic and thermal management solutions in mainland China. The acquisition is expected to significantly expand Autoneum’s presence in Asia and broaden its customer base to include several mainland Chinese automakers such as BYD, BAIC and GAC. The acquisition will be carried out in two phases. In the first phase, the acquisition of a 70% equity stake in the company for CHF 75 mil...
    Lyten acquires Cuberg's lithium-metal battery facility to boost production
    Lyten, a leading company in supermaterial applications and lithium-sulfur batteries, announced its acquisition of Cuberg's lithium-metal battery manufacturing facility in San Leandro, California, including its cell-making equipment. This strategic move is aimed at converting the newly acquired facility to produce lithium-sulfur batteries and expand its capacity to support up to 200 MWh of production in the Bay Area. As part of the deal, Lyten will take over Cuberg's 119,000-square-foot facili...
    Tessolve to acquire German semiconductor chip design firm Dream Chip Technologies
    Hero Electronix’s Tessolve has announced the acquisition of Dream Chip Technologies, a Germany-headquartered semiconductor chip design firm, for up to 4 billion rupees (about $47.47 million), according to a report published by The New Indian Express on Nov. 6. The acquisition marks a significant step for Tessolve, a company founded in Bengaluru, India, as it aims to enhance its leadership in the sector by integrating advanced capabilities in system-on-chip (SoC) designs, particularly for th...
    Eramet reacquires full ownership of Argentinian lithium project
    Eramet has successfully reacquired full ownership of its Argentinian subsidiary, Eramine Sudamerica, resulting in the complete ownership of the Centenario lithium project in Argentina, from Tsingshan Group, which previously held a 49.9% interest. This purchase, costing Eramet a net cash impact of $699 million, will see the group utilizing its available liquidity and will increase the group's net debt by the same amount. This move is aimed at giving Eramet unrestricted control and benefit from...
    UK’s Kraken acquires smart EV charging solutions company Jedlix
    UK-based Kraken, an AI-powered, end-to-end platform for utility digitalization, has acquired Jedlix, a leading Rotterdam, the Netherlands-based charging solutions company, Kraken announced Oct. 21. The acquisition of Jedlix, which specializes in smart and bidirectional charging solutions, brings an international catalog of API integration agreements with electric vehicle and charger manufacturers, and energy companies including Renault, Polestar, Kia, Hyundai, Engie, Eneco, Vattenfa...
    HL Robotics acquires French robot valet parking firm Stanley Robotics
    As reported in a press release on Oct. 14, HL Robotics, a subsidiary of HL Holdings, has signed an agreement to acquire Stanley Robotics, known for being the first company globally to commercialize outdoor valet parking robots. The acquisition, anticipated to be finalized by the end of 2024 with the necessary regulatory approvals, positions HL Robotics to dominate a market estimated to be worth $6.7 billion. The strategic acquisition underscores HL Robotics' ambition to lead in the global par...
    Rio Tinto signs definitive agreement to acquire Arcadium Lithium
    Rio Tinto, the world’s second-largest mining company, has signed a definitive agreement with Arcadium Lithium to acquire the lithium producer for $6.7 billion, according to a news report published by CNBC on Oct. 9. Rio Tinto has agreed to buy Arcadium Lithium in an all-cash transaction for $5.85 per share, which represents a premium of 90% to Arcadium’s Oct. 4 closing price of $3.08 per share, the news reported. Notably, the news of the transaction follows an announcement earlier this...
    ArcelorMittal to buy NSC's stake in AM/NS Calvert amid US Steel acquisition
    ArcelorMittal has announced a definitive agreement with Nippon Steel Corp. (NSC) to purchase NSC's 50% equity interest in the AM/NSC Calvert joint venture. This step comes as a result of NSC's request, aiming to alleviate regulatory concerns arising from its planned acquisition of US Steel. The completion of this transaction is contingent on NSC successfully acquiring US Steel, a process that is still subject to several regulatory approvals. Under the terms of the agreement, ArcelorMittal wil...
    Pure Lithium acquires Dimien to enhance battery technology
    Pure Lithium Corp., a Boston-based lithium metal battery technology company, announced its acquisition of Dimien Inc., a US company specializing in vanadium cathode materials. This acquisition encompasses Dimien's intellectual property, manufacturing equipment and its experienced team, facilitating the advancement of Pure Lithium's lithium metal vanadium (LVO) battery project. Dimien has been recognized for its development of zeta vanadium oxide (ZVO), a low-cost cathode material with high-en...
    Adnoc to acquire German chemicals company Covestro
    Covestro AG has entered into an investment agreement with entities of the Adnoc Group, including Adnoc International Ltd. and its subsidiary, Adnoc International Germany Holding AG. Under the agreement, Adnoc International Germany Holding AG is set to make a public takeover offer for all outstanding shares of Covestro at €62 per share. The transaction, valuing Covestro at approximately €11.7 billion, includes a 10% share capital increase by Covestro, resulting in €1.17 billion proceeds ...
    Schaeffler completes merger with Vitesco Technologies
    Schaeffler has successfully completed its previously announced merger with Vitesco Technologies, the Germany-based supplier said in a press release on Oct. 1. As part of the merger agreement between the two companies, first announced in March, Vitesco’s existing shareholders received 11.4 newly issued common shares of Schaeffler with full voting rights for each Vitesco share. In addition, Schaeffler’s previously listed non-voting common shares were converted into common shares of new Schaeff...
    CG Power acquires Radio Frequency business from Renesas for $36 million
    CG Power and Industrial Solutions, a Murugappa group company, announced its decision to acquire the Radio Frequency (RF) Components business from Renesas Electronics Corp. for $36 million, marking CG Power's entry into the semiconductor design sector, as reported by Hindustan Times on Oct. 5. Renesas, a Japan-based provider of advanced semiconductor solutions, reported that its RF Components business generated annual revenue of approximately $56 million in 2023. The acquisition includes ...
    Genesis Energy acquires majority stake in charge-point operator ChargeNet
    New Zealand’s energy company Genesis Energy plans to acquire a majority shareholding in ChargeNet, the country’s largest nationwide electric vehicle public charging network, to gain a foothold in New Zealand’s emerging EV charging market, Genesis Energy announced Oct. 1. Under the terms of the newly signed agreement, Genesis plans to acquire a 65% stake in ChargeNet for an amount of NZ$64 million (about US$39.3 million), which includes a significant investment into the business to fund ...
    Rio Tinto in talks to buy lithium producer Arcadium
    Rio Tinto, a British-Australian multinational metals and mining giant, is in talks to buy lithium producer Arcadium, as it is looking to use the opportunity following a slump in lithium prices, according to a news report published by Reuters on Oct. 7. The deal could accelerate Rio Tinto’s rise to become one of the largest lithium producers worldwide, only behind Albemarle and SQM. Reuters had earlier reported that the companies had been holding talks and that Arcadium could be valued fr...
    Continental and Vitesco reach €125 million agreement over investigations
    Continental and Vitesco Technologies have finalized an agreement that addresses the financial responsibilities stemming from ongoing investigations regarding their supply of engine control units and engine control software. This agreement, which is part of their corporate separation arrangement, mandates Vitesco to compensate Continental with €125 million. This sum accounts for the fines levied by the public prosecutor's offices in Hanover, Germany, and Frankfurt am Main, Germany, as well a...
    Synopsys sells Optical Solutions Group to Keysight Technologies
    As reported in a press release on Sept. 19, Synopsys has announced a definitive agreement to sell its Optical Solutions Group (OSG) to Keysight Technologies Inc., marking a significant shift for both companies. The terms of the sale have not been disclosed, but the completion of this transaction is dependent on several customary closing conditions. These include regulatory review and the successful closure of Synopsys' proposed acquisition of Ansys, which is still awaiting regulatory approval an...
    Oxa acquires StreetDrone to boost autonomous solutions in logistics
    As reported in a press release on Sept. 18, Oxa has announced the acquisition of StreetDrone, a UK-based brand focusing on the development and deployment of autonomous technology for industrial logistics. The acquisition will help Oxa with the movement and management of goods on private land, including ports, logistics hubs, retail fulfillment centers and airports. StreetDrone provides autonomous industrial solutions for operators, retailers and original equipment manufacturers. It has exp...
    Alcoa sells 25.1% stake in Ma’aden Joint Venture for $1.1 billion
    Alcoa, a leading global industry entity in bauxite, alumina and aluminum products, has reached an agreement to sell its 25.1% stake in the Ma'aden Joint Venture to the Saudi Arabian Mining Co. (Ma'aden) for a total of approximately $1.1 billion. This transaction comprises around 86 million shares of Ma'aden, valued at $950 million, and $150 million in cash. The completion of this transaction is contingent upon regulatory approvals, the endorsement of Ma'aden's shareholders and other stan...
    Hydro acquires additional stake in Vianode to reach 50% ownership
    In a press release dated Sept. 9, Hydro announced that it has acquired an additional 20% stake in Vianode, a synthetic graphite manufacturer for the batteries industry, as Altor, a private equity fund, exercised its put option. This move required Hydro to acquire additional shares, leading to an equal ownership stake of 50/50 between Altor and Hydro. Prior to this, the ownership was divided, with Altor holding 70% and Hydro 30%, especially after Elkem exited from Vianode in March. Via...
    Uno Minda acquires 49% stake in Minda Nabtesco Automotive
    India-based automotive group Uno Minda’s board of directors has approved its plans to acquire a 49% equity stake in Minda Nabtesco Automotive Pvt. Ltd., according to a report published by brokerage firm AngleOne on Sept. 3. Minda Nabtesco Automotive is a joint venture between Japan-based Nabtesco Automotive Corp. and the promoter group entities Minda Finance Ltd. and Minda Investments Ltd. The JV produces air-brake systems and clutch actuation systems for both passenger and commercial vehicles...
    General Motors integrates BrightDrop EVs into Chevrolet's lineup
    General Motors (GM) is moving its BrightDrop electric commercial vans business into the Chevrolet brand, the company said in a press release on Aug. 29. The strategic move will not only expand Chevrolet’s lineup for commercial vans but will significantly improve availability of BrightDrop electric commercial vans through its extensive sales and distribution network. Chevrolet’s own commercial vans portfolio includes the Express Cargo Van and Express Passenger Van. “With the addition of ...
    Exedy acquires shares in Kawamata Seiki to boost electric mobility development
    In a press release dated Aug. 28, Exedy announced that it has acquired a portion of the shares of Kawamata Seiki Co. Ltd., a company based in Kawamata Town, Date District, Fukushima Prefecture, led by Masayuki Tachino. This move is seen as a significant step toward enhancing the development of products for electric mobility, building on the firm's existing portfolio, which includes manual clutches, among other products. Kawamata Seiki, known for its comprehensive handling of various aspects o...
    Changan's Avatr Technology acquires 10% stake in Huawei's Yinwang Intelligent Technology for $1.6 billion
    Avatr Technology, a smart electric vehicle brand of Changan Automobile, has agreed to acquire a 10% equity stake in Huawei Technologies' intelligent driving division, Yinwang Intelligent Technology, for 11.5 billion yuan (about $1.6 billion), Yicai Global reported Aug. 20. This move underscores Huawei's strategy to bolster electric and smart vehicle technologies via collaborations with leading car manufacturers. The acquisition, which was approved by Changan's board, reflects Huawei's efforts...
    Pilbara Minerals to acquire Latin Resources, enhancing lithium production capabilities
    Pilbara Minerals Ltd. and Latin Resources Ltd. have announced a binding Scheme Implementation Agreement where Pilbara Minerals will acquire all shares of Latin Resources through a court-approved scheme of arrangement. The transaction is viewed as mutually beneficial, with Pilbara Minerals acquiring the Salinas Lithium Project in Brazil, which is expected to significantly enhance its mining capabilities and offer Latin Resources' shareholders immediate premium and exposure to lithium product...
    Exicom acquires Tritium to strengthen global EV charger business
    Exicom Tele-systems Ltd., recognized as India's largest electric vehicle charger manufacturer, has announced that it will acquire the business and assets of the Tritium group of companies through its subsidiary Exicom Power Solutions BV Netherlands, and other step-down subsidiaries. Tritium is a notable global leader in DC fast chargers, headquartered in Australia, with its products sold in 47 countries. The acquisition is expected to broaden Exicom's global reach and enhance i...
    Exedy acquires shares in Pre-EV Mobility, making it a subsidiary
    In a press release dated Aug. 6, Exedy announced that it has acquired shares in Pre-EV Mobility Co. Ltd., a company based in Yamagata City, Yamagata Prefecture, Japan, which specializes in the development of electric drive systems for commercial vehicles. This acquisition has effectively made Pre-EV Mobility a subsidiary of Exedy. Established in 2022 with the aim of solving electric trucks' challenges and contributing to carbon-neutrality realization, Pre-EV Mobility is engaged in busine...
    Eleport acquires Turbovolt, expands into Croatia and Slovenia
    Eleport, a leading public electric vehicle charging network in Central and Eastern Europe (CEE), has acquired TurboVolt GmbH in an attempt to expand its footprint in Croatia and Slovenia, the charge-point operator (CPO) announced Aug. 5. Post acquisition, Eleport’s EV charging network will now be spread across six countries. The company claims to be the largest EV charging operator in the Baltic region and fourth-largest CPO in Poland. According to Eleport, the first phase of its ex...
    Volvo Cars to acquire full ownership of HaleyTek
    Volvo Cars has announced its decision to acquire full ownership of HaleyTek, a joint venture company with Ecarx that specializes in developing Android-powered infotainment systems, the carmaker said in a press release on Aug. 1. The Swedish carmaker will buy the 40% equity stake in HaleyTek that Ecarx currently owns to make it a wholly owned subsidiary. This move marks a significant step for Volvo Cars in enhancing its technological capabilities and gaining complete control over key tech...
    Cepton agrees to be acquired by Koito in all-cash deal
    Cepton, a US-based Lidar specialist, has entered into a definitive agreement for its acquisition by Koito Manufacturing, the company said in a press release on July 29. This all-cash transaction values Cepton's outstanding capital stock at $3.17 per share, representing a significant premium over its closing price before the announcement. Following the completion of this transaction, Cepton will become a privately held, indirect subsidiary of Koito in the US, maintaining its headquarters in San J...
    UL Solutions acquires TesTneT to strengthen hydrogen technology expertise
    UL Solutions has announced the acquisition of TesTneT Engineering, a Germany-based company specializing in hydrogen component and system testing. The acquisition is a strategic move by UL Solutions to expand its expertise in alternative fuels, thereby enhancing its ability to contribute to global decarbonization efforts. The deal was completed on July 8. However, the two parties have not disclosed the financial details of the acquisition. Founded in 2009, TesTneT provides comprehensive t...
    Seeing Machines acquires Asaphus and partners with Valeo
    As reported in a press release on July 8, Seeing Machines has recently acquired the Berlin-based company Asaphus, a move announced alongside a strategic collaboration with Valeo, a prominent figure in the automotive industry. The partnership aims to fortify their stance in the driver and occupant monitoring systems market. As part of the agreement, Valeo will transfer its driver monitoring perception software activity, stemming from its acquisition of Asaphus, to Seeing Machines. This is intende...
    Renesas and Altium obtain US approval for merger
    Renesas Electronics Corp., known for its advanced semiconductor solutions, and Altium, recognized for its electronics design systems, have jointly announced receiving final approval from the Committee on Foreign Investment in the United States for their proposed merger, as reported in a press release July 1. This authorization, received July 1, marks the clearance of the last regulatory hurdle required to proceed with the merger, following approvals from authorities in Australia, Germany, Tur...
    Rane Holdings to acquire full ownership of Rane NSK Steering Systems
    The board of directors of India-based automotive supplier Rane Holdings has approved the company’s decision to acquire the remaining 51% stake in Rane NSK Steering Systems from its Japanese partner NSK for 450 million Indian rupees ($5.4 million), Autocar Professional reported July 1. This acquisition will make Rane NSK Steering Systems a wholly owned subsidiary of Rane Holdings, subsequently leading to its renaming as Rane Steering Systems. The completion of this acquisition is anticipated by...
    GlobalFoundries acquires Tagore Technology’s GaN instrument panel portfolio
    GlobalFoundries (GF) announced the acquisition of Tagore Technology's Power Gallium Nitride (GaN) IP portfolio, as reported in a press release July 1. This acquisition marks a significant expansion of GF's power management solutions, especially in high-power density applications critical to the automotive and other sectors. The addition of Tagore Technology's GaN technology underscores GF's commitment to advancing power efficiency and performance as digital technologies, particularly Generative ...
    Renesas completes acquisition of Transphorm to enhance power semiconductor offerings
    Renesas Electronics has completed the previously announced acquisition of Transphorm, a US-based company specializing in gallium nitride (GaN) power semiconductors, the Japanese supplier said in a press release June 20. The acquisition allows Renesas to expand its offerings to include GaN-based power products and related reference designs, responding to the increasing demand for wide bandgap semiconductor (WBG) products. WBG materials like GaN and silicon carbide (SiC) are essential for next-...
    Hyundai acquires Hyundai Mobis' Hydrogen Fuel-Cell Business
    Hyundai Motor has acquired the Hydrogen Fuel-Cell Business of Hyundai Mobis to accelerate technological innovation and product development, The Korea Herald reported June 9. The acquisition, completed last month, brings together hydrogen fuel-cell facilities, assets and personnel from the two companies. Following the acquisition, Hyundai Motor has established a new process quality unit under its Research and Development Division's hydrogen fuel-cell development center to strengthen the orga...
    Lumileds agrees to divest Lamps and Accessories business for $238 million
    Lumileds has agreed to sell its Lamps and Accessories business to First Brands Group, an international automotive parts manufacturer, for $238 million. First Brands will continue to broaden its global services and establish its products and brands in the automotive accessories sector. The sale is expected to be completed in the second quarter of 2024. Lumileds will transfer its automotive lamp factories in mainland China, Germany and Poland with the Lamps and Accessories business to the ...
    Munich-based Qwello acquires Dutch charge-point operator Park & Charge
    Munich-based electric vehicle charging infrastructure company Qwello has acquired Dutch charge-point operator (CPO) Park & Charge, which was established in 2016 and is active in about 200 municipalities in the Netherlands, according to a news report published by Electrive on May 13. The report said that post-acquisition, Qwello will manage more than 12,000 EV charging points installed in 300 municipalities across seven countries in Europe. It further said that Park & Charge’s existi...
    Quest Global acquires majority stake in People Tech Group
    Quest Global has acquired a majority stake in People Tech Group, it said in a press release dated May 7. The partnership will expand Quest Global's footprint in North America within the automotive and hi-tech industries. People Tech brings extensive expertise in digital transformation for software-defined vehicles (SDVs), architecture, design, development, and testing of human-machine interface (HMI) and applications for infotainment systems and instrument clusters, as well as software...
    Sogefi to close sale of its Filtration business unit to Pacific Avenue Capital Partners by end-May
    Milan-based supplier of air management, engine cooling and suspension systems Sogefi Group expects to close the sale of its Filtration business unit to the US private equity fund Pacific Avenue Capital Partners by the end of May, the company said May 6. Providing an update on the transaction, the company said that the sale and purchase agreement has already been agreed upon between both the parties and will be executed in the upcoming days. In a press note issued, Sogefi said that it has a...
    ICAP Group acquires Valeo's Ferentino site
    Valeo and ICAP Group have signed an agreement to take over Ferentino Automotive Transition Srl in Italy, according to a press release dated May 7. ICAP Group will acquire Ferentino Automotive Transition, the Valeo subsidiary that owns the Ferentino site. This move is part of ICAP Group's plan to expand its presence in the growing industry of sustainable collective mobility, where it is already a key player with its subsidiary Tecnobus, an Italian manufacturer of electric minibuses. “We are ...
    Craftsman to acquire remaining 24% stake in DR Axion India Pvt. Ltd.
    Craftsman Automation Ltd., an Indian manufacturer of machined powertrain components, has announced the acquisition of the remaining 24% stake in DR Axion India Pvt. Ltd. (DRAIPL), a subsidiary it acquired 76% of in February 2023. The acquisition is expected to be completed by June 30, 2024. The move aims to strengthen Craftsman's presence in the passenger vehicle segment and enter the e-mobility solutions market through process synergies, access to DRAIPL's customer base and technological col...
    Forvia completes acquisition of Faurecia Aptoide Automotive
    Forvia has completed the acquisition of the remaining 50% shares from Aptoide in the joint venture Faurecia Aptoide Automotive (FAA), it said in a press release dated May 2. Forvia assumes full ownership of the 2019-established JV. The FAA Apps Market Platform provides security, privacy, flexibility and content control, with the option to customize its look and feel, as well as the apps portfolio. All the apps offered by FAA are tested and validated for automotive purposes. Notable apps offer...
    KPIT completes acquisition of auto software company PathPartner
    KPIT has announced it completed the acquisition of PathPartner Technology, according to a company press release dated April 19. PathPartner offers design, service and solution for operating system software and low-level software for automotive, camera, radar and multimedia devices. The cost of acquisition of 100% stake of PathPartner is about 1.91 billion rupees (about $22.9 million). With extensive expertise in embedded operating systems, low-level processor architectures, hardware-accelerat...
    Solero Technologies acquires Kendrion's automotive business in Europe and US
    Atar Capital has announced that Solero Technologies has signed an agreement to acquire Kendrion's automotive business in Europe and the US, in a press release dated April 15. The transaction, which is expected to close in the third quarter of 2024, is valued at about $70 million and includes trailing 12 months (TTM) EBITDA of approximately $24.1 million, representing approximately 80% of Kendrion's Automotive business. Solero Technologies will effectuate the transaction with support from Atar Ca...
    Microchip acquires advanced driver assistance system and digital cockpit connectivity company VSI
    Microchip Technology has announced the completed acquisition of Seoul, South Korea-based VSI Co. Ltd., a provider of high-speed, asymmetric, camera, sensor and display connectivity technologies and products based on the Automotive SerDes Alliance (ASA) open standard for in-vehicle networking (IVN). The terms of the transaction are not disclosed, as reported in a press release on April 11.  “This acquisition brings VSI’s knowledgeable team, their market traction and ASA Motion Link [A...
    Continental acquires EMT, strengthening tire-mold production capabilities
    Continental, a leading tire manufacturer, has acquired EMT s.r.o., a mold manufacturing specialist based in Puchov, Slovakia. The acquisition was completed on April 2, with all shares of EMT being transferred to Continental. The agreement was reached with EMT's shareholders, with Dynamic Design (Romania) being the majority shareholder, a company press release dated April 8 said. All 107 employees of EMT, who possess specialist knowledge in mold manufacturing, have been taken on by Continental...
    Betamek acquires Sanshin to expand its automotive electronics portfolio
    Betamek Bhd. has entered into a share purchase agreement with Outsourcing Inc. to acquire Sanshin (Malaysia) Sdn. Bhd. for a cash consideration set at RM13.4 million (about $2.8 million), it said in a press release on April 1. Sanshin manufactures car audios and other electronics components, serving markets in Malaysia, Japan, Hong Kong and Thailand. This acquisition will position Sanshin as a wholly-owned subsidiary of Betamek, expanding Betamek's customer base. The acquisition wil...
    Mahle and Forvia Hella complete the sale of their shares in JV BHTC
    Mahle Behr GmbH & Co. KG, a subsidiary of Mahle Group (Mahle), and Hella GmbH & Co. KGaA (Forvia Hella) completed the sale of their respective 50% stake in the joint venture Behr-Hella Thermocontrol (BHTC) to AUO Corp., the company said in a press release on April 2. The parties had signed an agreement to sell the shares on Oct. 2, 2023; the transaction has now been approved by the relevant authorities. The total purchase price is based on an enterprise value of €600 million. ...
    Toyota Boshoku accepts investment for TB Kawashima to strengthen automotive seat fabric business
    Toyota Boshoku Corp. has announced that it will accept a capital investment from Aunde Achter & Ebels GmbH in its consolidated subsidiary, TB Kawashima Co. Ltd., in a press release dated March 28. As a result, Toyota Boshoku's voting rights ratio in TB Kawashima will decrease to 20%, and TB Kawashima will become an equity method affiliate company. The investment is expected to strengthen TB Kawashima's competitiveness and enhance its new product development capabilities. Aunde, which has ...
    ZF Rane Automotive India acquires TRW Sun Steering Wheels to expand safety capabilities
    ZF Rane Automotive India, a joint venture between ZF Group and Rane Group, has acquired 100% of TRW Sun Steering Wheels (TSSW), a steering wheel manufacturer based in Gurugram, India. With this acquisition, ZF Rane Automotive India aims to expand its capabilities and provide comprehensive solutions for occupant safety and system integration services to its domestic customers. The acquisition will also strategically strengthen the company's position in west and north India. Harish Lakshman, vi...
    Panasonic plans to sell Automotive Business to Apollo Global-managed funds
    Japan's Panasonic Holdings said it will sell its entire stake in Panasonic Automotive Systems (PAS) to funds managed by US private equity firm Apollo Global Management, and then make an investment in the new holding entity, US News reported March 29, quoting a Reuters report. The transaction has a total enterprise value of ¥311 billion (about $2.06 billion), subject to adjustments at closing, which is expected by the end of the first quarter of 2025, Apollo said in a statement. Panasonic ...
    Siemens to acquire industrial drive technology business of ebm-papst
    According to a press release on March 21, Siemens has agreed to acquire the IDT portfolio of ebm-papst, a German company specializing in industrial drive technology. The acquisition is expected to generate significant business potential in the areas of flexible and autonomous factory automation, with the integration of IDT's portfolio into Siemens' existing automation portfolio. The transaction is subject to foreign trade and merger control approvals and is expected to be completed by mid-2025. ...
    Maruti Suzuki to acquire 6.44% stake in startup Amlgo Labs
    Maruti Suzuki India has agreed to acquire an equity stake of 6.44% in Amlgo Labs, a technology-led startup. The Amlgo Labs is a fast-growing data solutions company providing end-to-end Technical Implementation/Advisory and support for Analytics, cloud, engineering, ML/AI &' and reporting solutions. The company plans to invest in Amlgo Labs' equity shares to enhance its data-driven decision-making and customer offerings. Amlgo Labs will allot 689 equity shares of Rs 10 each, at a premium o...
    Naxnova acquires Quad Industries Belgium to expand its market presence and offerings
    Naxnova, a design and technology company, has acquired Quad Industries Belgium, a leading player in the printed electronics sector, for rupees 0.9 billion ($10.08 million). This acquisition marks a strategic move for Naxnova as it expands its market presence and solidifies its offering. Quad Industries Belgium develops and manufactures user interfaces and other printed solutions for various sectors, including medical, wearables, consumer goods, and automotive. The acquisition brings together ...
    Rheinmetall acquires Dutch startup REEQ
    Rheinmetall AG, a leading German supplier of automotive components and technologies, has acquired the Dutch startup REEQ, thereby expanding its vehicle portfolio to include innovative light hybrid vehicles, the company announced on March 18. “At the beginning of March 2024, the technology group's Dutch subsidiary Rheinmetall Defence Nederland B.V., which is part of the Vehicle Systems Division, acquired 100% of the shares in the Dutch start-up REEQ,” the company said, adding that the stra...
    Synopsys expands semiconductor IP portfolio with acquisition of Intrinsic ID
    Synopsys has acquired Intrinsic ID, a provider of Physical Unclonable Function (PUF) IP. The acquisition adds PUF IP to Synopsys' broad semiconductor IP portfolio, enabling designers to protect their systems-on-chips (SoCs) by generating a unique identifier on chip using the inherent and distinctive characteristics of every silicon chip, according to a March 20 press release. "In our increasingly connected world, chip designers are integrating PUF technology in their SoCs for many application...
    Samvardhana Motherson’s unit MSSL Mideast to acquire Yachiyo India Manufacturing
    On March 19, Samvardhana Motherson International Ltd. announced that its subsidiary MSSL Mideast (FZE) will acquire 100% of Yachiyo’s Indian unit, Yachiyo India Manufacturing Pvt. Ltd. Subject to completion of other ongoing conditions precedents for the transaction, the closing is now expected to be completed within March. The current transaction is part of an existing agreement between Motherson and Honda Motor. In July 2023, Samvardhana Motherson entered into an agreement to acquire 81% s...
    Schaeffler, Vitesco Technologies to merge in $1.6 billion deal
    Schaeffler AG and Vitesco Technologies Group AG have signed a merger agreement, following approval by their respective supervisory boards. The agreement sets out the legally binding terms and conditions for the merger of Vitesco into Schaeffler. The exchange ratio of 11.4 Schaeffler shares per Vitesco share has been confirmed as binding, with Vitesco shareholders receiving 11.4 Schaeffler shares for each Vitesco share they own. The merger agreement is subject to the approval of the respective...
    Miovision acquires TTS to enhance traffic flow and safety
    Miovision, a company that provides scalable intelligent transportation solutions, has acquired Traffic Technology Services (TTS), a provider of connected vehicle technologies, it said in a press release dated March 4. TTS offers a patented technology that provides real-time "situational awareness" to drivers through their vehicle's instrument panel, helping them optimize their speed to avoid red lights and reduce fuel consumption. With this acquisition, Miovision gains access to TTS's 11 pate...
    Vector acquires majority stake in AI and camera-sensor tech firm Eyyes
    According to a press release on March 4, Vector has acquired a majority stake in Eyyes GmbH, an Austrian company specializing in AI and camera-sensor technology. Eyyes employs 28 people in Austria and Germany, and is engaged in the field of driver assistance functions and traffic perception with AI based on camera sensors. The company offers warning systems for front collision, approach, reversing, rear-end and turn-off warning as assistance systems, and its products are used in the rail sect...
    American Industrial Partners Capital Fund VII completes acquisition of Veoneer
    Veoneer announced that the American Industrial Partners Capital Fund VII (AIP Fund VII) has completed the acquisition of the company’s Restraint Control Systems business from SSW Partners LP, in a press release dated March 1. According to the press release, nearly one in every four cars over the past year was equipped with Veoneer's Restraint Control System products, offering protection to vehicle occupants in the event of a traffic accident. The transaction completes Veoneer’s ...
    Karma acquires Airbiquity's tech assets to boost software-defined vehicle capabilities
    Karma Automotive, an ultraluxury vehicle manufacturer based in Irvine, Calif., has acquired the technology assets and intellectual property (IP) of Airbiquity, a Seattle-based software company specializing in connected vehicle solutions. The acquisition includes key technical employees and significant original equipment manufacturer contracts, and will enable Karma to align its internal resources and increase its focus on software-defined vehicles. Karma President Marques McCammon stated that...
    Mercedes-Benz sells stake in Russian truck-maker Kamaz
    Mercedes-Benz Group has sold its stake in Russia's largest truck-maker, Kamaz. The German carmaker, which did not disclose the price of the transaction or the buyer, said the deal was completed in February after securing all necessary regulatory approvals, Reuters reported on Feb. 15. Mercedes-Benz AG, which at the time was Daimler AG, took over a 15% stake in Kamaz from Daimler Truck in September 2021 with a view to return it to Daimler Truck after the truck-maker was spun off from the ...
    Renesas to acquire Altium for US$5.9 billion, expanding auto design capabilities
    Renesas Electronics, a Japanese electronics company, has announced its plan to acquire Altium, an Australian-based electronics design firm, for US$5.9 billion in cash, as reported by Reuters on Feb. 15. The acquisition is expected to enhance Renesas' ability to offer digital device design to its customers, particularly in the automotive industry. Renesas proposed to pay A$68.50 per Altium share, marking a 34% premium over Feb. 14's closing price. The financing will be sourced from existing cash ...
    Webasto divests its EV charging business to focus on core business areas
    German automotive component supplier Webasto announced Feb. 9 that Los Angeles–headquartered Transom Capital Group will acquire a majority stake in its EV charging solutions business, as part of Webasto’s divestment plan to focus on its core business areas. That said, Webasto said that it, however, plans to remain a minority shareholder in the EV charging business solutions division. The two companies signed a corresponding purchase agreement Feb. 7, Webasto said in its press note. ...
    Rane Group announces merger of Rane Brake Lining Ltd. and Rane Engine Valve Ltd. into Rane
    Top Indian automotive supplier Rane Group has decided to merge two of its listed companies – Rane Brake Lining and Rane Engine Valve — with its other listed company, Rane (Madras). The proposed reorganisation will bring all operating business subsidiaries under one single company, and it will create a larger company with a combined turnover of rupees 33.73 billion for the trailing 12 months period ended December 31, 2023 (January-December 2023) on a proforma basis, business daily the Hindu B...
    Epsilon Advanced Materials completes acquisition of LFP cathode technology center in Germany
    Mumbai, India-based lithium-ion (Li-ion) battery materials company Epsilon Advanced Materials (EAM) has finalized the acquisition of Johnson Matthey’s lithium iron phosphate (LFP) cathode active material (CAM) technology center in Moosburg, Germany, it announced Feb. 2. It said that the move makes it the first global company capable of providing manufacturers with both cathode and anode materials for Li-ion batteries. Moreover, it claimed that it is poised to make India the first country in...
    TotalEnergies acquires Wenea Group’s EV charging business in Spain
    French energy major TotalEnergies has acquired Wenea Group’s electric vehicle charging stations in Spain as part of an agreement to develop high-power EV charging hubs and become a leading charge point operator (CPO) in the region, the company announced Jan. 30. Notably, Wenea group owns and operates 200 EV charging sites in Spain, with all of them located along major highways, and in urban and peri-urban areas. The said EV charging sites draw renewable power, it added. TotalEnergies and...
    Hitachi Energy completes acquisition of EV charging equipment-maker COET
    Hitachi Energy announced Jan. 10 that it has completed the acquisition of COET, a leading designer and manufacturer of power equipment for electric mobility, and other industries. Hitachi Energy said that the said acquisition was completed on Dec. 28, 2023, following a regulatory approval of the purchase agreement announced earlier in August 2023. Hitachi Energy and COET, a Milan-based company, have had a long-standing collaboration focused on Hitachi Energy’s portfolio of Grid-eMotion high...
    Stellantis acquires CloudMade to enable vehicle software development
    Stellantis NV announced the acquisition of the AI framework, machine-learning models, and intellectual property rights and patents of CloudMade, a developer of smart and innovative big data-driven automotive solutions. The automaker said in a Jan. 25 press release that the acquisition — as an asset deal — will support the mid-term development of STLA SmartCockpit and reinforce Stellantis’ software strategy outlined in Dare Forward 2030. The AI-powered framework created by CloudMade, ...
    Ansys acquires minority stake in Humanetics to enhance human-safety engineering ecosystem
    Humanetics and Ansys have entered into a definitive agreement whereby Ansys will acquire a minority stake in Humanetics. The transaction is subject to regulatory approvals and is part of an existing partnership between the two companies, as read in a press release on Jan. 23. Humanetics is a leading provider of physical and digital human-safety systems and sensor technologies, including anthropomorphic test devices (ATDs) and innovative ergonomics software solutions. Ansys, a global private e...
    Sumitomo Rubber invests in Viaduct for AI-powered fleet management solutions
    Sumitomo Rubber Industries has invested in Viaduct, a US-based AI-powered connected vehicle analytics company, to develop total fleet management solutions, according to a press release on Jan. 10. The partnership aims to enhance on-the-road safety, increase vehicle availability and reduce maintenance costs through the combination of Viaduct's AI-based vehicle health solution and Sumitomo Rubber's proprietary sensorless sensing technology. The joint proof-of-concept has already started, and...
    ABB acquires R&D engineering firm Meshmind to advance AI and software-driven automation
    Tech leader of electrification and automation ABB announced on Jan. 18 that it has agreed to acquire a majority of software service provider Meshmind to expand its research and development capabilities in AI, industrial internet of things and machine vision. Through this acquisition, ABB will integrate engineering talent, AI and software knowledge to form a new global R&D hub to further accelerate the development of innovative automation solutions within its Machine Automation divi...
    Synopsys to buy Ansys to emerge as a leader in silicon to systems design solutions
    In a mega merger announcement, two large firms Synopsys and Ansys announced that they have entered into a definitive agreement under which Synopsys will acquire Ansys. Under the terms of the agreement, Ansys shareholders will receive $197.00 in cash and 0.3450 shares of Synopsys common stock for each Ansys share, representing an enterprise value of approximately $35 billion based on the closing price of Synopsys common stock on Dec. 21, 2023. Bringing together Synopsys' pioneering semiconduct...
    Siemens AG completes acquisition of DC fast-charging solutions company Heliox
    Siemens AG has completed the acquisition of DC fast-charging solutions company Heliox, the German technology major announced Jan. 11. Siemens has acquired Heliox from private equity firm Waterland and an entity owned by a group of employees and individual shareholders. Notably, the Netherlands-headquartered Heliox caters to the electric bus and electric truck fleets, and passenger vehicles, and employs approximately 330 people. According to Siemens, the acquisition of Heliox complements it...
    Renesas to acquire Transphorm to expand its power portfolio with gallium nitride technology
    Renesas Electronics Corp. and Transphorm, a supplier of gallium nitride (GaN) power semiconductors, announced that they have entered into a definitive agreement pursuant to which a subsidiary of Renesas will acquire all outstanding shares of Transphorm’s common stock for $5.10 per share in cash, according to a press release on Jan. 11. The transaction values Transphorm at approximately $339 million. The acquisition will provide Renesas with in-house GaN technology, a key next-generation mat...
    CES 2024: Intel announces updates to boost automotive business
    At Consumer Electronics Show (CES) 2024, Intel announced plans to expand its mobility business. According to a company press release dated Jan. 9, the chipmaker said that it is looking to acquire Silicon Mobility, a fabless silicon and software company specializing in system-on-chips (SoCs) for intelligent electric vehicle energy management. Intel has also revealed a new family of AI-enhanced, software-defined vehicle (SDV) SoCs, with Zeekr as the first original equipment manufacturer to adopt t...
    Energy company OMV Petrom plans to become largest EV charging network in Romania by 2026
    OMV Petrom, one of the largest integrated energy companies in Southeast Europe, plans to acquire a 50% stake in Electrocentrale Borzesti from RNV Infrastructure, the company announced Jan. 3. Notably, Electrocentrale Borzesti holds an approximately 1-GW capacity of renewable projects, out of which are 950-MW wind and 50-MW photovoltaic. OMV Petrom said that these projects will be further developed, built and operated in partnership with RNV Infrastructure. In addition, OMV Petrom plans to ...
    Danlaw Inc. purchase leading vehicle-to-everything technology provider, Cohda Wireless
    Danlaw Inc., a renowned pioneer in the field of vehicle-to-everything (V2X) technology, announced the acquisition of Australia-based Cohda Wireless. The company said this is a strategic move that marks a significant milestone in Danlaw’s global expansion initiative, aimed at advancing connected vehicle safety and smart city solutions. The acquisition of Cohda by Danlaw reflects a commitment to innovation, and a shared vision of creating a more connected and safer future for vehicles, c...
    Jabil completes divestment of its mobility business to BYD Electronic
    Jabil has closed the transaction to divest its Mobility business to BYD Electronic (International) Co., it said in a press release dated Dec. 29, 2023. The consideration is $2.2 billion in cash. The deal was first announced in Sept. 26, 2023. “We are pleased to successfully close this transformational deal and I am confident that this is the right step forward for Jabil. The net proceeds will enable us to enhance our shareholder-centric capital framework, including incremental share buyback...
    China Yuchai divests Yuchai Remanufacturing Services unit
    China Yuchai International has announced that its main operating subsidiary in China, Guangxi Yuchai Machinery Co. Ltd. (GYMCL), has entered into an agreement with Beijing Liandong Jinyuan Management Technology Co., according to a company press release dated Dec. 31, 2023. According to the agreement, GYMCL’s 100% equity holding in Yuchai Remanufacturing Services (Suzhou) Co. will be sold to Beijing Liandong. The consideration for the transaction is 179.94 million yuan (about $25.4 mill...
    Livguard acquires Emuron Technologies
    Livguard has acquired Emuron Technologies, a battery swapping and battery-intelligence solutions provider, The Financial Express reported Dec. 20, 2023. Livguard offers services in the field of inverters, automotive batteries, solar solutions and lithium batteries. The acquisition will strengthen the company’s position in the energy transition two- and three-wheelers segment. “We firmly believe that battery swapping will play a pivotal role in accelerating the adoption of electric two- an...
    Mobix Labs completes acquisition of EMI Solutions
    Mobix Labs, a fabless semiconductor company, has completed the acquisition of EMI Solutions, an Irvine, Calif.-based manufacturer of electromagnetic interference filtering products, according to a press release on Dec. 19. This strategic move allows Mobix Labs to expand its customer base and gain access to new high-reliability (HiRel) markets, as EMI Solutions is recognized as a leading small business manufacturer of EMI filtering products. Terms of the transaction were not disclosed. ...
    Japan’s Nippon Steel clinches deal to buy US Steel for $14.9 billion
    Japan's Nippon Steel has clinched a deal to buy US Steel for $14.9 billion in an auction, which also saw participation from competitors such as including Cleveland-Cliffs, ArcelorMittal and Nucor, according to a news report published by Reuters on December 19. Citing people familiar with the deal, the report said that in a meeting of its board of directors on Sunday, US Steel deemed Nippon's offer superior to a sale to Cleveland-Cliffs, which had raised its bid in the high $40-per-share range...
    Samvardhana Motherson to acquire Lumen Group, Deltacarb
    Auto components major Samvardhana Motherson International Ltd. (SAMIL) on Dec. 15 announced acquisitions of Australia's Lumen Group and Switzerland's Deltacarb SA for nearly 5.75 billion Indian rupees (about US$469 million), Business Standard reported Dec. 15. The company's board approved the two acquisitions by its wholly-owned arm Samvardhana Motherson Automotive Systems Group BV, SAMIL said in separate regulatory filings. Lumen Group comprises Lumen Australia Pty. Ltd., Lumen Internatio...
    Tokyo-based Harmonic Drive Systems to buy back shares after Toyota's stake sale
    Tokyo-based Harmonic Drive Systems, a manufacturer of speed reducers, announced Dec. 6 that Toyota Motor will sell its entire stake in the company through an open market overseas sale, Reuters reported Dec. 6. The move has sparked speculation among investors that Toyota may accelerate the sale of its shareholdings in affiliates and partners, following last week's announcement to divest a stake in supplier Denso. The report said Toyota will sell 4,379,400 shares of Harmonic Drive Systems at an...
    TMD Friction confirms successful acquisition by Aequita
    In a press release announcement on Dec. 5, TMD Friction, a specialist for high-quality brake friction solutions for the automotive and brake industry, has confirmed the successful completion of its acquisition by Aequita, a privately-owned industrial group based in Munich, focused on the acquisition and long-term value enhancement of companies. The company said that the transaction has closed successfully after receiving the required regulatory clearances and approvals from all relevant autho...
    TMD Friction, HELLA ink deal for HELLA to acquire 50% share in brake joint venture HELLA Pagid
    TMD Friction and HELLA have agreed to transfer the 50% share held by TMD Friction in the brake joint venture (JV) Hella Pagid to HELLA. The two companies signed a letter of intent, with HELLA becoming the sole shareholder of Hella Pagid. Founded in 2013, Hella Pagid sells brake components and accessories on the global automotive aftermarket. The parties have agreed not to disclose the purchase price, said a press release on December 1. HELLA aims to expand sales of brake products under the HE...
    Kongsberg Automotive completes the purchase of Skriverform
    Zurich-based Kongsberg Automotive AS (KA) has completed the acquisition of 100% of the share capital of Skriverform AS, with the deal being finalized as announced on Nov. 9, 2023. Skriverform, based in Norway, specializes in the design and manufacture of injection molding (IM) tools, a company press release said Nov. 29. According to Linda Nyquist-Evenrud, KA's interim president and CEO, the acquisition aligns with the company's strategic plan to achieve vertical integration, enhance efficien...
    Toyota plans to reduce stake in Denso – report
    Toyota Motor and two affiliated companies plan to sell approximately 10% of their shares in Denso, an auto-parts supplier, worth about ¥700 billion (about $4.7 billion) by the end of November, according to a Nikkei Asia report on Nov. 29. The move aims to reduce cross-shareholding and free up funds for electric vehicle investments. Toyota Motor currently holds about 24% of Denso's total shares, while Toyota Industries owns 9% and Aisin holds 2%. The Japanese automaker plans to lower its hold...
    Harman acquires Roon to expand music-streaming platform
    Harman, a wholly-owned subsidiary of Samsung Electronics Co. Ltd., has acquired Roon, a music management, discovery and streaming platform for music enthusiasts. Roon offers a rich interface for browsing and discovering music, compatibility with almost any audio device and a playback engine designed to deliver the best possible sound, the company announced Nov. 27. The acquisition will allow Roon to operate as a standalone Harman business with its existing team while continuing to serve ...
    Ovo Energy acquires public EV charging consumer app Bonnet
    Ovo Energy has successfully completed the acquisition of public electric vehicle charging consumer app Bonnet, the energy supplier announced Nov. 24. Bonnet is a UK public-charging aggregator startup working to accelerate the uptake of sustainable transport. The startup’s groundbreaking technology brings together nationwide public charge point operators into one app. According to the press note, Bonnet is one of the largest public-charging consumer apps with over 80% of the UK’s charge...
    Komatsu to acquire American Battery Solutions
    Komatsu America Corp., a wholly owned subsidiary of the Japanese multinational company Komatsu, plans to acquire American Battery Solutions Inc. (ABS), a Detroit-based battery manufacturer, Komatsu announced Nov. 20. Komatsu said that it is planning to close the acquisition on Dec. 1, on the condition that all necessary procedures for the closing are completed. The immediate impact on Komatsu’s consolidated business results is estimated to be minimal, it added. Notably, ABS is known for ...
    Broadcom completes acquisition of VMware
    In a press release announcement on Nov. 22, Broadcom said that it has completed its acquisition of VMware Inc. VMware's common stock will now cease to be traded on the NYSE. Hock Tan, president and CEO of Broadcom, said, "We are excited to welcome VMware to Broadcom and bring together our engineering-first, innovation-centric teams as we take another important step forward in building the world's leading infrastructure technology company. With a shared focus on customer success, together we a...
    Recaro Automotive acquires C12 Technology, strengthening seat market position with advanced composite materials
    Recaro Automotive North America has acquired the assets and technology of C12 Technology, it said in a press release dated Nov. 20. C12 Technology is a US-based company specializing in advanced material component development and production. With this acquisition, Recaro aims to strengthen its Automotive division’s position in the premium performance seat market. The deal marks a strategic move by Recaro Automotive to vertically integrate its engineering, development and manufacturing o...
    loading
    preload preload preload preload preload preload