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    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...
    Insights
    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...
    Insights
    XLR8 America commits to installing 30,000 EV charging ports by 2027 in US
    XLR8 America, previously known as EVaaS Solutions, has unveiled an ambitious initiative to enhance the electric vehicle charging infrastructure across the US, committing to the installation of 30,000 EV charging ports by 2027. This initiative is based on forging strategic partnerships with leading companies in the sector including Atom Power, DG Matrix, Kennedy Power Systems, EVoke Systems and Mavericks Microgrids, among others. These collaborations aim to elevate the EV charging experience b...
    News
    Wallbox Supernova charger earns key German certification
    Wallbox, recognized for its electric vehicle charging solutions, announced that its Supernova DC fast charger has received the Eichrecht certification in Germany. This certification is essential for selling chargers in the public sector in Germany and enhances commercial opportunities across the DACH region (Germany, Austria and Switzerland), where Eichrecht-certified chargers are preferred for their accuracy and reliability. The certification is seen as a strategic advantage, especially...
    News
    Autel Energy opens ultrafast-charging station in Massachusetts
    In a press release dated Nov. 21, Autel Energy announced that it has opened the first ultrafast electric vehicle charging hub in Eastern US, located in Deerfield, Massachusetts. The station is equipped with Autel's MaxiCharger DC HiPower solution, which boasts a world-leading maximum output of 640 kW. Autel’s MaxiCharger DC HiPower solution can charge an EV in as little as 20 minutes. "The Deerfield charging hub is a model for the future of EV infrastructure, setting a h...
    News
    Swedish battery-maker Northvolt files for bankruptcy
    Struggling to contain large capital requirements and increasing debt, Volkswagen-backed Swedish battery cell-maker Northvolt AB has filed for bankruptcy in the US, the company announced Nov. 21. “Northvolt AB and certain of its subsidiaries voluntarily filed for Chapter 11 reorganization in the United States,” the company said in a statement. It further said that the decision will enable the company to restructure its debt, appropriately scale the business to current customer needs a...
    Briefing
    GF raises record CHF650 million in Swiss bond market
    GF successfully raised CHF650 million on the Swiss debt capital market, marking this occasion as the largest bond volume in the company's history. This achievement surpassed the initially targeted volume of CHF400 million-CHF500 million significantly, indicating strong investor interest in the offering. The bonds were issued in two tranches, one with a term of three years and another with a term of seven years. The 3-year bond tranche amounted to CHF300 million with a coupon rate of 1.25%, wh...
    News
    CATL in talks to set up a battery recycling plant in Europe
    Contemporary Amperex Technology Co. Ltd. (CATL), the largest battery-maker from mainland China, is in talks to set up battery recycling operations in Europe, according to a news report published by CnEVPost on Nov. 20. The report cited Bloomberg as the original source of the story. In an interview with Bloomberg, Jason Chen, CATL's regional operations chief, said that the battery manufacturer is in discussions with European governments, including Hungary, about possible factory sites. He f...
    News
    Lectron ramps up production of North American Charging Standard to Combined Charging System adapter in the US
    Lectron, a leading provider of electric vehicle charging solutions, has significantly ramped up production of its North American Charging Standard (NACS) to Combined Charging System (CCS) adapter, to produce 12,000 units per week, the company announced Nov. 19. Lectron is known for supplying EV charging solutions, including portable chargers, adapters and charging stations for all charging standards. The company said that this strategic increase in production capacity is in response to the...
    News
    Asahi Kasei Battery Separator Corp. breaks ground on new plant in Canada
    Asahi Kasei Battery Separator Corp. broke ground on its planned new lithium-ion (Li-ion) battery separator manufacturing facility in Port Colborne, Ontario, marking a significant step toward localization of the electric vehicle battery supply chain in North America, the company announced Nov. 18. The company said that its planned new battery separator plant is expected to begin commercial production in 2027, subject to obtaining permits and approvals from relevant authorities. The u...
    News
    Post acquisition, Exicom plans to reestablish Tritium as a global brand
    India-based electric vehicle charging equipment-maker Exicom plans to reestablish Tritium as a leading global brand supplying top-notch EV charging equipment to its customers worldwide, according to an interview published by Electrive on Nov. 19. Exicom Managing Director Anant Nahata told the publication that since the acquisition of Tritium earlier in 2024, his team has been reengaging with Tritium’s customers, employees and other stakeholders to rebuild trust. “Post acquisition our i...
    News
    Hyundai Mobis unveils ‘Value up’ mid-to-long term business strategy; targets 8% annual growth and 5-7% operating margin by 2027
    Hyundai Mobis has unveiled its "Value-up" business strategy during the 2024 CEO Investor Day, held in Seoul, South Korea, on Nov. 19. The mid-to-long term business strategy aims to achieve an average annual revenue growth of 8% and an operating margin ranging from 5% to 7% by 2027. Under the new business strategy, Hyundai Mobis plans to significantly expand its revenue outside its parent, Hyundai Motor Group (HMG), and also the owners of Hyundai, Genesis and Kia. The leading South Korean auto...
    Briefing
    Nuro expands autonomous vehicle deployment in the US
    As reported in a press release on Nov. 19, Nuro has announced a substantial expansion of its Level 4 driverless capability using zero-occupant vehicles equipped with the AI-powered Nuro Driver system. The expansion is spread across multiple cities in two states in the US. The company's technology is now prepared to offer foundational technology for the transportation of both people and goods, distinguishing itself as one of the few worldwide capable of deploying technology on a citywide scale. ...
    News
    Zest opens 78 EV charging stations at the University of Warwick, UK
    Zest, one of the leading charge-point operators (CPOs) in the UK, has opened 78 electric vehicle charging spaces at the University of Warwick, the company said Nov. 13. The installation is part of a £1.3 million investment by Zest that will see the CPO provide and manage charging facilities at the university over the next 15 years, it said, adding that it has installed both fast and rapid EV chargers across multiple university car parks. It estimates that these EV charging facilities are ...
    News
    Webasto deploys second-life batteries at its Schierling plant in Germany
    Webasto, a leading global system supplier for the automotive industry, has deployed second-life batteries at its Schierling plant in Germany, as part of the factory’s larger sustainability strategy, the company announced Nov. 7. The battery storage system deployed by Webasto has a capacity of 1 MWh. The storage system uses 30 second-life constant voltage (CV) standard batteries, which mainly come from preseries production and are now used for energy storage, the company said in its press no...
    News
    TurnOnGreen plans to expand EV charging infrastructure in California
    TurnOnGreen Inc., a supplier of power products for critical applications, announced Nov. 14 that it has initiated an electric vehicle charging infrastructure project with the Goleta Water District in Goleta, California. The first phase of the project, which is slated to be completed by end 2024, will feature multiple EVP1100 48-amp/11-kW, Level 2, high-powered networked EV charging stations. These EV charging stations will be capable of providing 35-40 miles of driving range per hour of ...
    News
    Nio battery-swap stations in Shanghai delivers 100 services per day, Nio CFO
    Chinese electric-car maker Nio’s battery-swap stations based in Shanghai, where it is headquartered, are averaging more than 100 services a day, according to a news report published by CnEVpost on Nov. 14. The report cited Nio’s CFO Stanly Qu, who was speaking at a forum organized by the China Society of Automotive Engineers in Chongqing, southwest China. Notably, Nio has a network of more than 150 battery-swap stations in Shanghai alone. According to Qu, while a battery-swap station c...
    News
    Nouveau Monde Graphite advances toward major natural graphite production
    Nouveau Monde Graphite Inc. (NMG), a company engaged in establishing North America's largest natural graphite production for the electric vehicle and lithium-ion (Li-ion) battery market, has reported significant progress toward its phase two Matawinie Mine and Bécancour Battery Material Plant. With a focus on an integrated feasibility study and collaborations with Panasonic Energy Co. Ltd. and General Motors Holdings LLC (GM) as anchor customers, NMG is actively preparing for the Fina...
    News
    SWTCH Energy sets new EV charger uptime standard
    SWTCH Energy, a prominent electric vehicle charging solutions provider focused on multitenant buildings in North America, has announced a groundbreaking 97.8% "no-exception" uptime rate for its EV chargers, setting a new industry standard for reliability. This figure, which spans from January to September 2024, starkly contrasts with the industry's common practice of reporting uptime with various exceptions such as grid blackouts or vandalism. Unlike these traditional metrics that can ob...
    News
    Automotive Grade Linux launches OSPO Expert Group led by Toyota
    Automotive Grade Linux (AGL), a cross-industry collaborative initiative aimed at developing an open-source platform for software-defined vehicles (SDVs), has established a new Open Source Program Office (OSPO) Expert Group in San Francisco, California. Led by Toyota with support from Aisin and Panasonic, the group aims to promote the establishment of OSPOs within the automotive industry and facilitate the exchange of best practices and information among them. The initiative comes as a response t...
    News
    Exide Industries set to launch 6-GWh lithium-ion cell plant by 2026
    Exide Industries is advancing toward completing its lithium-ion (Li-ion) cell manufacturing facility and expects to launch the plant with a 6-GWh capacity in the first phase by the end of 2026, according to a news report published by Autocar Professional on Nov. 14. The construction of the main cell, administration and warehouse buildings is nearing completion, and equipment installation is in progress with team relocations underway to facilitate project activities, the report said, citi...
    News
    Gotion High-Tech secures $280 million in new funding for its battery project in Morocco
    Mainland Chinese battery manufacturer Gotion High-tech has secured $280 million in new funding for its planned battery project in Morocco, according to a news report published by CnEVPost on Nov. 14. On Nov. 13, Gotion signed a memorandum of understanding (MOU) with Moroccan investment agency CDG Group, which plans to invest $280 million in the first phase of Gotion's Morocco-based battery project, the report said, citing a press note issued by the company on Wednesday (Nov. 13). According...
    News
    Pony AI seeks up to $4.5B valuation in US IPO
    Pony AI announced its plans to pursue a valuation of up to $4.48 billion in its upcoming US IPO, according to a report published by Reuters on Nov. 14. Founded in 2016 and supported by Japanese automaker Toyota, Pony AI is looking to raise up to $195 million by offering 15 million American Depositary Shares, priced between $11 and $13 each. The move comes as self-driving technology firms are actively seeking capital to expand their operations. Based in Guangzhou, mainland China, Pony AI ...
    News
    Yokohama Rubber plans to close its manufacturing plant in Israel
    According to a press release on Nov. 14, Yokohama Rubber Co. Ltd. (YRC) has announced the closure of its Hadera, Israel, manufacturing plant, effective Dec. 31. The decision is part of a strategic move to enhance profitability amid rising production costs in Israel, driven by competitive pressures from South Asian manufacturers who benefit from proximity to raw materials and lower labor costs. The shift in global manufacturing dynamics has made it necessary for YRC to consolidate its production ...
    News
    BYD plans to enter the South Korean passenger car market in early 2025
    BYD, a leading electric-car maker from mainland China, plans to foray into the South Korean passenger car segment in early 2025, according to a news report published by CnEVPost on Nov. 13, 2024. The story cites a report from Yonhap news agency, which cited the company press release. BYD Korea, BYD’s South Korean sales subsidiary, said that it has completed the evaluation of the local market and has decided to introduce its passenger cars in the domestic market by early 2025. The mainlan...
    News
    Delta to unveil energy-efficient solutions at Electronica 2024
    Delta is set to showcase its energy-efficient solutions for automotive and other sectors at Electronica 2024. For the automotive domain, the company will introduce advanced thermal management solutions for electric vehicles. Sean Tan, vice president of Power Electronics for Delta Electronics EMEA Region, highlighted Delta's commitment to innovation, energy efficiency, sustainability and reliability across these sectors, underscoring the company's significant investment in research and de...
    News
    Hyundai Transys union ends month-long strike, resumes work
    The Hyundai Transys union, a parts subsidiary of Hyundai Motor Group, has concluded a month-long strike, resuming work while continuing to refuse overtime and extra work until the completion of this year's wage and collective bargaining negotiations. The strike, which expanded to a full-scale strike by Oct. 11, began after 15 wage and collective bargaining meetings since June failed to resolve differences between the company and its workers. On Nov. 9, following the 16th dispute countermeasur...
    News
    Vulcan Energy opens downstream lithium hydroxide optimization plant in Germany
    Australia-headquartered Vulcan Energy Resources has officially opened its downstream Central Lithium Electrolysis Optimization Plant (CLEOP) in a ceremony held on site at Industrial Park Höchst Frankfurt, Germany, the company announced Nov. 8. The event marks the commencement of lithium hydroxide production from the processing of high-purity lithium chloride concentrate extracted from brine at Vulcan’s upstream optimization plant in the nearby Landau-based site. The event was atten...
    News
    Denso collaborates with T-Hub to boost automotive innovation in India
    Denso has entered into collaboration with T-Hub, a startup incubator based in Hyderabad, India, to work with automotive startups on advanced mobility solutions, as reported by THG PUBLISHING on Nov. 6. The partnership, formalized through a memorandum of understanding (MOU) signing in the presence of Industries and IT Minister D. Sridhar Babu will see Denso engaging with India's innovative automotive startups via T-Hub's T-Connect platform. The collaboration aims to generate new ideas a...
    News
    Umicore pauses Ontario battery plant construction, announces job cuts
    Umicore, a company focused on battery materials, has shared updates on both its cost-saving measures and the status of its battery materials plant in Loyalist, Ontario. The construction of this plant remains paused as part of a strategic review of the Battery Materials business. This decision aims to focus on maximizing the capacity utilization of existing plants before expanding. Despite the pause, a core team will continue to work at Umicore's local office in Loyalist. The pause in construc...
    News
    Silicon Motion achieves ISO 26262 ASIL-B Ready and ASPICE CL2 certification for automotive safety storage solutions
    Silicon Motion Technology Corp., a leading entity in the NAND Flash controller sector, announced its achievement of the ISO 26262 ASIL B Ready and ASPICE CL2 certifications on Nov. 5. Nelson Duann, senior vice president of Client & Automotive Storage Business, highlighted that these certifications demonstrate Silicon Motion's technological leadership and its dedication to meeting the increasing demands for reliable and safe storage solutions in the automotive sector, especially amid the...
    News
    Schaeffler looks at downsizing measures, to cut 4,700 jobs in Europe
    The board of managing directors of Schaeffler AG has agreed on structural measures with a regional focus on Germany and Europe in response to the challenging market environment amid global transition to electric vehicles, Schaeffler announced Nov. 5. Schaeffler’s structural measures have three key parts, with the first one focusing on the need to improve the earnings performance of the company’s Bearings and Industrial Solutions division, which is grappling with continuing ...
    News
    Daimler Truck subsidiary Torc Robotics achieves driver-out validation milestone
    As reported in a press release on Oct. 31, Torc Robotics, an autonomous driving company supported by Daimler Truck, has achieved a significant milestone in its development of autonomous driving technology by demonstrating driver-out capability on a closed course in Texas, US, as part of its preparation for a commercial launch targeted for 2027. The test, which saw vehicles operating at speeds of up to 65 mph, is a critical step forward in Torc's ambition to commercialize autonomous trucking s...
    News
    Tier IV achieves Level 4 autonomy certification in Japan
    According to a press release on Oct. 31, Tokyo-based Tier IV has obtained Level 4 certification for its AI Pilot2 system, marking a first in Japan. The certification allows an autonomous bus service in Shiojiri, Nagano Prefecture, to operate at speeds up to 35 km/h on public roads, covering the route between Shiojiri Station and Shiojiri City Hall. The AI Pilot2 system, developed by Tier IV, incorporates the open-source software Autoware, alongside sensors, a computer and an in-vehicle infotainm...
    News
    Zoox to launch robo-taxi service in San Francisco and Las Vegas
    Amazon-owned autonomous vehicle company Zoox is set to deploy dozens of its specially designed robo-taxis in San Francisco and Las Vegas in the coming weeks, as announced by Co-founder and Chief Technology Officer Jesse Levinson at TechCrunch Disrupt 2024, TechCrunch reported Oct. 30. Initially, the service will be offered to employees in the SoMa neighborhood of San Francisco and along the Las Vegas Strip, areas chosen due to their operational challenges and the company's presence....
    News
    LG Chem plans to expand Automotive Adhesive business into multimillion-dollar unit by 2030
    LG Chem has announced plans to expand its Automotive Adhesives business into a multimillion-dollar unit by 2030. The South Korea-based company intends to start supplying thermally conductive adhesives to North American automakers. Thermally conductive adhesives are crucial for bonding battery cells to modules or packs, offering significant benefits in thermal management and performance upkeep through their high thermal conductivity and electrical insulation properties. In addition to the...
    News
    MIPI Alliance releases security framework for image sensor data protection
    The MIPI Alliance, an international organization that develops interface specifications for mobile and mobile-influenced industries, announced the release of the MIPI Camera Security Framework, which defines a flexible approach to add end-to-end security to automotive applications that leverage the MIPI Camera Serial Interface 2 (CSI-2) interface specification, as reported in a press release on Oct. 29. Because of the safety-critical role of image sensors in advanced driver assistance systems...
    News
    Ford to shut down Michigan factory as EV demand fades
    Ford Motor Co. plans to shut down its Michigan factory that produces the F-150 Lightning plug-in pickup truck through the end of the year as demand for electric vehicles continues to fade, according to a news report published by Bloomberg on Oct. 31. The news report mentioned that the carmaker will begin a seven-week shutdown in mid-November of the Dearborn, Michigan, plant, which was once visited by the US President Joe Biden in 2021 who drove Ford’s flagship EV — the electric pickup F-1...
    News
    Nio’s battery-swap network completes initial coverage of nine major horizontal highways in Greater China
    Shanghai-based electric-car maker Nio has expanded its electric vehicle battery-swapping station network to complete the initial coverage of nine major horizontal highways in Greater China, achieving part of a goal that was first announced two years ago, according to a news report published by CnEVPost on Oct. 30. The report cited the company, which said that it has completed the network's coverage of the G80 Guangzhou-Kunming highway, as well as the Zhejiang and Hunan sections of the Hangzho...
    News
    Post IPO, Hyundai Motor India plans to localize EV supply chain for battery systems, cells and drive systems
    After a successful public listing on India’s National Stock Exchange (NSE) on Oct. 22, subcontinent’s second-largest carmaker, Hyundai Motor India Ltd. (HMIL), said that the company plans to work on localizing the electric vehicle supply network for battery systems, battery cells and drive systems. Hyundai Motor India, which is a subsidiary of South Korea’s Hyundai Motor Co., also plans to invest in building EV charging infrastructure to encourage customers for wider adoption of EVs across...
    Briefing
    Leidos earns DIU success memorandum for EV charging as a service
    In a press release dated Oct. 24, Leidos announced that it received a success memorandum from the Defense Innovation Unit (DIU) for attaining critical milestones in its electric vehicle charging as a service (EV CaaS) prototype for the Department of the Air Force (DAF). This achievement has uniquely positioned Leidos as the only vendor sanctioned by the DIU to offer a FedRAMP-accredited, budget-neutral EV CaaS solution to the US Defense Department (DOD) and the US government. The company's pr...
    News
    Belgian EV charging solutions startup MobilityPlus raises €40 million to fund expansion plans
    MobilityPlus, a Ghent-based electric vehicle charging solutions startup, has raised €40 million in a growth financing round, which was led by Suma Capital through its Climate Impact Fund III, with additional backing from existing investor Concentra, the company announced Oct. 24. The newly raised funds will help the startup in expanding its operations in Belgium and France, targeting business-to-business clients and real estate markets. Founded in 2016, MobilityPlus has develop...
    News
    Stellantis rolls out Free2move Charge Go in Europe
    Free2move Charge, Stellantis’ all-in-one electric vehicle charging solution designed to deliver seamless charging and energy management facilities, has rolled out Free2move Charge Go for independent EV owners, Stellantis announced Oct. 28. Free2move Charge Go is a design-to-customer solution, providing a simple and accessible public charging experience that ensures drivers can access charging points, initiate charging and manage payments with just three clicks, the company said, adding that...
    News
    Dongfeng bridges domestic gap with development of three automotive-grade chips
    According to a press release on Oct. 18, Dongfeng Motor is spearheading efforts to replace foreign automotive chips with domestically produced alternatives, focusing on microcontroller units (MCUs) and specialized chips. Zhang Fanwu, the chief engineer of Intelligentization at Dongfeng Motor Research and Development Institute, emphasized the importance of domestic chip production, stating that the more challenging a chip is to replace, the more crucial it is to develop a local substitute. Rec...
    News
    Chinese battery-maker Svolt Energy confirms termination of its European operations
    Chinese battery manufacturer Svolt Energy has confirmed that it will terminate its operations in Europe with effect from Jan. 31, 2025, according to a news report published in CnEVPost on Oct. 27, 2024. It said that the company has confirmed the news with local media outlet Yicai on Oct. 26. It was reported recently that the battery company may suspend the two upcoming battery plants in Germany as it struggles with declining demand for battery-electric vehicles (BEVs) not only in Eu...
    News
    Verbund X Ventures invests in Easelink's innovative charging technology
    Verbund X Ventures, the corporate venture capital unit of Austrian energy company Verbund, has invested €1.5 million in Easelink, a Graz-based high-tech company specializing in wireless charging technology for electric vehicles. This investment aims to assist Easelink in expanding its international customer base, particularly with original equipment manufacturers, and in further advancing the global industry standard for its Matrix Charging technology. Matrix Charging enables full...
    News
    Freyr Battery receives €122 million grant from EU Innovation Fund
    Freyr Battery Inc., a company specializing in sustainable battery and clean energy solutions, has been selected by the European Union Innovation Fund (EUIF) for a grant award of €122 million. This grant is aimed at supporting the development of a potential joint venture for a cathode active material (CAM) manufacturing project in Vaasa, Finland. The EUIF's decision to provide this grant underscores its commitment to backing Freyr's efforts in the industrialization of sustainable battery val...
    News
    Eramet suspends battery recycling project in France
    Mining company Eramet has decided to suspend its battery recycling project in France, the company said on the sidelines of its third-quarter 2024 results on Oct. 24. “Due to the lack of ramp-up in Europe of battery factories and their components (precursors and materials for cathodes), there are currently major uncertainties about the supply of raw materials to the plant, and about recycling opportunities for the metallic salts. The required conditions for pursuing a hydrometallurgical...
    News
    Toyota Motor Europe launches second cohort of Toyota Open Labs innovation platform
    Toyota Motor Europe, along with its partners, has launched an open call for the second cohort of the Toyota Open Labs innovation platform, the company announced Oct. 25. The carmaker said that this initiative aims to connect startups with business units across the Toyota group and empower their ambitions to scale up and contribute to a sustainable future. According to Toyota, selected companies will get a chance to work with key business units on six strategic categories: a) Electric Ve...
    News
    BYD launches Shark plug-in hybrid pickup in Brazil, to launch it in Australia too
    BYD has launched its Shark plug-in hybrid (PHEV) electric pickup truck in the Brazilian market on Oct. 19, with prices starting from $66,700, according to a news report published by CarNewsChina on Oct. 23. Citing Henrique Antunes, who is the commercial director of BYD Brazil, the report said that the senior company executive estimates the model will achieve sales ranging from 10,000-15,000 units a year in Brazil, making it one of the country’s five best-selling midsize pickup trucks. BY...
    News
    Svolt Energy suspends two battery factory projects in Germany – report
    Chinese battery manufacturer Svolt Energy has suspended its two battery factory projects in Germany, according to a news report published by CnEVPost on Oct. 25. The report cited local media outlet Caixin as the original source of the story. The report, which cited several unnamed people aware of the development, said that Svolt Energy has not set any timeline for resuming operations at its battery factories. It is known that Svolt Energy had planned to build two factories in Germany, includi...
    News
    Hydro reduces stake in Vianode to 19.9% following deal with Altor
    Hydro, a company involved in the production of synthetic graphite through its stake in Norway-based Vianode, has decided to decrease its ownership from 30% to 19.9%. This decision comes after Altor, a private equity fund, exercised a put option on Sept. 6, demanding Hydro to purchase an additional 20% stake in Vianode. However, this transaction was not completed. Instead, Hydro and Altor reached an agreement to cancel this put option, with Hydro selling 10.1% of its Vianode shares back to Alt...
    News
    LG Electronics opens new manufacturing plant in Mexico
    LG Electronics has inaugurated a new plant in the Santa María Industrial Park in Ramos Arizpe, Coahuila, Mexico, marking a significant expansion of its business activities in the automotive sector in Mexico. With an investment surpassing $60.5 million, the facility is poised to create 400 direct job opportunities in the region. The plant will produce telematics systems as well as navigation, audio and video devices for both battery-electric and internal combustion engine (ICE) vehicles. This...
    News
    Adden Energy secures $15M for solid-state battery technology
    In a press release dated Oct. 23, Adden Energy announced that it has successfully raised $15 million in a Series A funding round led by At One Ventures. This injection of funds is earmarked for scaling up production capabilities of its solid-state battery technology through the construction of a roll-to-roll pilot line production facility at the company's headquarters in Waltham, Mass. The Series A funding round saw participation from several investors, including Primavera Capital Group,...
    News
    Moment Energy awarded $20.3M by US DOE for EV battery repurposing
    Moment Energy, a prominent North American company specializing in the repurposing of electric vehicle batteries, has been awarded a substantial $20.3 million by the US Energy Department (DOE). This funding is part of a broader $428 million initiative by the Biden-Harris administration aimed at bolstering domestic clean energy manufacturing, particularly in former coal communities across the US. The initiative seeks to mitigate energy supply chain vulnerabilities, generate employment and ...
    News
    TotalEnergies installs 100 fast-charging points in Rotterdam
    TotalEnergies Charging Solutions Nederland plans to install 100 fast-charging points across 15-20 locations in Rotterdam, the Netherlands, over the next few years, the company announced Oct. 21. “The fast chargers are needed for the arrival of the zero-emission zone in 2025 and the increasing number of [electric vehicles] in the city,” the company said, adding that the city municipality also wants to serve business electric drivers such as taxis and target group transporters. The locat...
    News
    EuroNCAP releases assisted highway driving gradings for five popular car models
    As assisted driving features become more prevalent, the European New Car Assessment Program (EuroNCAP) has rigorously tested five new vehicles under its updated protocols, revealing significant differences in manufacturers' approaches to this technology, according to a press release on Oct. 23. EuroNCAP's evaluation, which began in 2020, focuses on two key areas: Assistance Competence, which assesses the balance between vehicle assistance and driver engagement, and Safety Backup, which examin...
    News
    24M ships its lithium metal battery-cell prototypes to major global automotive OEM
    US-based battery technology company 24M Technologies has shipped its commercial-sized lithium metal battery cells, integrated with its patented battery separator (Impervio) that acts against thermal runaways and its innovative electrolyte (Eternalyte), to a major automotive original equipment manufacturer, the company announced Oct. 22. The development marks a significant step toward large-scale production of safer and more reliable electric vehicle batteries. 24M’s breakthrough Imp...
    News
    Wallbox sells over 1 million EV chargers globally by Q2 2024
    Wallbox, a provider of electric vehicle charging solutions, has announced a significant milestone, having sold over 1 million EV chargers worldwide by the end of the second quarter of 2024, including sales from ABL's EV chargers. This achievement highlights the company's expanding portfolio and the successful introduction of new products such as ABL's EM4, the Supernova 180 and the Pulsar Pro in the North American market. Enric Asuncion, CEO and co-founder of Wallbox, emphasized this miles...
    News
    Northvolt nearing completion of over $300 million financing package
    Northvolt, a Swedish battery manufacturer, is actively moving closer to finalizing a new financing package, as stated in its recent communication with Reuters. In an effort to stabilize its financial situation, the company has been engaging in discussions with potential investors and lenders over the past few weeks. Sources familiar with these negotiations disclosed that Northvolt is in the process of securing short-term funding. The company is on the verge of finalizing a financing package, ...
    News
    VeriSilicon’s DeWarp Processing IP DW200-FS secures ISO 26262 ASIL-B certification
    VeriSilicon recently announced that its DeWarp Processing Intellectual Property (IP), known as DW200-FS, has obtained the ISO 26262 ASIL-B certification for automotive functional safety from TÜV NORD, a globally recognized inspection and certification body. The DW200-FS IP boasts advanced technology that employs pixel mapping algorithms and a cache-based data prefetch architecture, which work together to offer high efficiency while reducing bandwidth consumption in image distortion processin...
    News
    Ford BlueCruise 1.5 debuts with Automatic Lane Change feature
    As reported in a press release on Oct. 21, Ford has introduced a new feature in its BlueCruise hands-free driving system, called Automatic Lane Change, designed to improve highway driving efficiency. When driving at the 70 mph speed limit, BlueCruise 1.5 can now seamlessly initiate lane changes to pass slower vehicles, such as semi-trucks traveling at 55 mph, allowing drivers to maintain their preferred speed without interruption, the company said. Developed by Ford's Advanced Driver Assistan...
    News
    Mercedes-Benz opens its own closed-loop battery recycling facility in Germany
    Luxury-car maker Mercedes-Benz has opened its own closed-loop battery recycling plant in Germany, the company announced Oct. 21. It claimed that the newly opened battery recycling facility is not only the first in Europe but also makes Mercedes-Benz the first carmaker globally to close the battery recycling loop with its own in-house facility. The new battery recycling plant, which features an integrated mechanical-hydrometallurgical process, is located in Kuppenheim, southern Germany. With t...
    News
    Xpeng unveils P7+ AI-defined electric sedan at the Paris Motor Show
    According to a press release on Oct. 14, at the Paris Motor Show 2024, Xpeng has introduced the P7+, AI-defined vehicle. Chairman Xiaopeng He emphasized Xpeng's dedication to the European market, highlighting the company's efforts in research and development to bring innovative intelligent technology solutions designed to offer drivers a safer, smarter, more sustainable and enjoyable driving experience.  Xpeng aims to integrate AI across all aspects of its vehicle models a...
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    Indie Semiconductor announces iND880 camera video processor SoC design-win with global OEMs
    As reported in a press release on Oct. 15, indie Semiconductor, based in Aliso Viejo, Calif., has announced that its latest-generation iND880 camera video processor system-on-chip (SoC) family is achieving notable design-win momentum among global original equipment manufacturers. The company said that its iND880 distinguishes itself by leveraging indie's proprietary and patented image signal processor (ISP) technology, which addresses and overcomes the limitations typically faced by current v...
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    Great Wall Motor to open car factory in Brazil in May 2025
    Great Wall Motor (GWM), one of the leading automakers from mainland China, is planning to commence operations at its car factory in Brazil in May 2025, according to a news report published by the South China Morning Post on Oct. 16. The publication cited Brazilian newspaper Valor Economico as the original source of this story. It further stated that GWM plans to produce up to 25,000 vehicles in the first year of its operations in Brazil. The facility will be GWM’s third manufacturing plant ...
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    Accuride starts restructuring North American operations to improve efficiency, reduce debt
    Accuride Corp. has reached an agreement with its lenders to restructure its North American operations to enhance operational efficiency and reduce its funded debt, the US-based automotive wheels supplier said in a press release on Oct. 9. To complete the proposed restructuring, Accuride and certain of its US and Canadian affiliates have filed a voluntary Chapter 11 petition under the US Bankruptcy Code and commenced proceedings in Canada under the Companies' Creditors Arrangement Act (CCAA), res...
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    Graphite One receives letter of interest for funding of up to $325 million from the US Export-Import Bank
    Graphite One Inc. has received a non-binding letter of interest (LoI) from the Export-Import Bank of the United States (EXIM) for potential debt financing of up to $325 million through the bank’s Make More in America and China and Transformational Exports Program (CTEP) initiatives, the company announced Oct. 18. The move is part of the region’s larger push to develop a sustainable local supply chain for graphite, a key material used in producing batteries. “We are pleased to exten...
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    Autoneum unveils 'Level Up' strategy at Capital Market Day 2024
    Autoneum has introduced its Level Up strategy outlining comprehensive initiatives aimed at future growth at the Capital Markets Day 2024 in Czechia on Oct. 16. The company also presented its medium-term growth targets during the event.   The Level UP strategy consists of six pillars: Shape a future-fit product portfolio; Innovate to create customer value; Accelerate global growth; Foster a people-centric culture; Be the sustainability benchmark; Boost cost competitiveness.  To bo...
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    Lucid plans to raise $1.67 billion through public offering and private placement of 637 million shares
    Lucid Group has announced plans to raise $1.67 billion through a combination of public offering and private placement of about 637 million shares. On Oct. 17, the US-based electric-car maker announced the pricing of an underwritten public offering of 262,446,931 shares of its common stock. The offering is expected to close on or about Oct. 18. Lucid has also granted BofA Securities, the sole underwriter, an option to purchase up to an additional 39,367,040 shares within a 30-day period. ...
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    XCharge opens test center in Hamburg
    XCharge Europe GmbH, a leading provider of battery-integrated electric vehicle charging solutions, is strengthening its presence in the European market by opening a new test facility at its headquarters in Hamburg, Germany, the company announced Oct. 16. The strategic expansion underlines the company's ambition to drive the development of electromobility in Germany and further strengthen its relationships with European customers and partners. With its new test facility in Hamburg, XCh...
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    Electrify America opens new technology development center in Northern Virginia
    Electrify America has opened its new technology development center, called Electrify America Technology Campus, near its headquarters in Northern Virginia, US, the company announced Oct. 16. The new larger location spans more than 32,000 square feet, featuring 22 hyper-fast chargers and a new technology development lab, the charge-point operator (CPO) said, adding that the expanded facility allows for advanced validation and stress-testing to ensure the equipment and its components operate re...
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    Voltera expands electric truck charging infrastructure in California
    Voltera, a leading developer and operator of charging infrastructure for zero-emission vehicle (ZEV) fleets, plans to expand the electric truck charging network in California, US, by acquiring two new infrastructure development sites, the company announced Oct. 16. The acquisition of the two new development sites brings Voltera’s total portfolio to 22 sites, strategically positioned across key transit hubs in California, Texas, Georgia, Arizona and Florida in the US. The first newly acqu...
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    Chargie secures $9.3 million from CEC for EV charging stations in California
    Chargie, a provider of electric vehicle charging solutions, announced that it has secured two grants totaling $9.3 million from the California Energy Commission (CEC) through the Reliable, Equitable, and Accessible Charging for Multi-family Housing 2.0 (REACH 2.0) program. This funding will support the installation, operation and maintenance of over 1,000 Level 2 EV charging stations across nearly 50 residential communities in Northern and Southern California, US, with more than 90% aimed at ...
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    Servotech Power Systems receives an additional order for EV charging stations from Nashik city
    Servotech Power Systems Ltd., a prominent player in India’s electric vehicle charging industry, has secured an additional order from the Nashik Municipal Corporation (NMC) to supply and commission 29 EV charging stations, Servotech announced Oct. 7. The company had previously received an order from NMC, which involved Servotech supplying, commissioning and constructing 20 EV charging stations throughout the NMC area. Servotech attributes the additional order from NMC to the tim...
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    Vianode opens its first full-scale anode graphite production plant in Norway
    Vianode, an advanced battery materials company providing sustainable anode graphite solutions, has officially opened its first full-scale anode graphite production plant Via ONE at Herøya, Norway, the company announced Oct. 15. The move marks a significant step in building a European value chain for batteries and electric vehicles. Vianode’s newly opened plant has four advanced full-size furnaces that are designed for production of synthetic anode graphite, a critical component used in pro...
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    Blink Charging steps in to support abandoned Enel X customers in the US
    Blink Charging, a leading manufacturer and operator of electric vehicle charging stations, plans to step in to support the EV charging station hosts that are affected by Enel X’s decision to close its North American operations, the company announced Oct. 14. The charge-point operator (CPO) said that it is offering a solution for former Enel X and JuiceBox customers to power up their EV charging with Blink Charging. It further mentioned that when a CPO signs up for a revenue share progr...
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    French energy company Engie plans to shut down Dutch charge-point operator EVBox
    French energy company Engie plans to shut down the Dutch charge-point operator (CPO) EVBox, according to a news report published by Gouds Dagblad on Oct. 13. The report cited Het Financieele Dagblad as the original source of this story and added that the company has confirmed the development.  Engie acquired EVBox in 2017 and has been looking for buyers for the CPO in recent months. Citing the parent company, the report said that EVBox has accumulated losses of about €800 million ...
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    Fisker receives US Bankruptcy Court approval for liquidation
    Electric-car maker Fisker has received court approval of its bankruptcy liquidation plan, Reuters reported Oct. 11. US Bankruptcy Court Judge Thomas Horn approved Fisker’s bankruptcy plan at a court hearing in Wilmington, Del., clearing the company to repay creditors with assets remaining after it sells off its fleet of Ocean electric sport utility vehicles. Fisker filed for bankruptcy protection in June after ongoing talks with a big automaker failed. While the talks were ongoing, Fisker f...
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    ROHM to showcase advanced power and analog technologies at electronica 2024
    According to a press release on Oct. 10, ROHM Semiconductor has announced its participation in electronica 2024, the foremost trade fair and conference for electronic components, systems, applications and solutions, scheduled from Nov. 12 to 15 in Munich. At the event, ROHM intends to exhibit its progressive power and analog technologies that aim at improving power density, efficiency and reliability for automotive and industrial applications. These technologies are pivotal in meeting the gro...
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    Brembo acquires suspension technology manufacturer Öhlins Racing
    In a press release on Oct. 11, Brembo, a brake system manufacturer, has announced its acquisition of Öhlins Racing from Tenneco, a move facilitated by funds managed by affiliates of Apollo Global Management. Brembo aims to expand its product offerings in the automotive market by incorporating Öhlins' highly regarded suspension technology. Öhlins Racing, headquartered in Upplands Väsby, Sweden, is known for its precision and performance in suspension technology, serving both the original e...
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    LG Electronics plans to accelerate its global EV charger business with focus on US, Europe
    South Korean consumer electronics major LG Electronics plans to accelerate its growth in new emerging business areas, including the company’s electric vehicle charger business, the company announced on the sidelines of a press conference organized on Oct. 10 at LG Digital Park in South Korea. LG, which claimed that its EV charger business is turning out to be an emerging unicorn within the LG umbrella, is looking to aggressively expand its presence in the global EV charger market through st...
    Briefing
    Ewoyaa Lithium Project in Ghana secures mine operating permit
    Piedmont Lithium, recognized as a significant North American supplier of lithium products essential for the US electric vehicle supply chain, has announced a substantial development in its operations. The company shared news that the Minerals Commission of Ghana granted a Mine Operating Permit for the Ewoyaa Lithium Project in Ghana. This project, a collaborative effort with Atlantic Lithium Ltd., represents a strategic move in enhancing lithium supply for EV manufacturing. The acquisition of...
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    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...
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    Geely’s premium electric car brand Zeekr ventures into the Brazilian car market
    Geely Automobile’s premium electric car unit Zeekr, which is listed on the NYSE, has forayed into the Brazilian car market by launching the Zeekr 001 shooting brake in São Paulo on Oct. 10, according to a news report published by CnEVPost on Oct. 12. The move to launch the Zeekr 001 shooting brake marks the availability of the first-ever Zeekr EV model in the country as part of the mainland Chinese automaker’s global expansion strategy. In 2024 alone, Zeekr has meaningfully expanded...
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    Milence opens new EV charging hub in Varberg, Sweden
    Milence, the joint venture between Daimler Trucks, Traton Group and Volvo Group, has opened its first high-power electric vehicle charging hub for electric trucks in Varberg, Sweden, venturing into the Nordic market for the first time, the company announced Oct. 10. The newly opened EV charging hub in Varberg is the fourth such hub opened by Milence in Europe and the first of 10 hubs to be opened in Sweden contributing to the development of the biggest public electric charging network for hea...
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    Tata Motors explores battery as a service to cut EV prices
    Tata Motors is considering the implementation of a battery-as-a-service (BaaS) model for its electric vehicles such as the electric variants of the Tiago, Punch, Tigor, Nexon and others, to reduce their ex-showroom prices by 25-30%, Moneycontrol reported, citing sources. This model, where consumers purchase the EV without the battery and instead pay for battery usage on a per-kilometer basis, aims to make EVs more affordable for consumers. While this plan is still in the planning stages,...
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    General Motors ends Ultium branding for EV batteries amid strategy shift
    General Motors (GM) has announced that it will no longer use the Ultium brand name for its electric vehicle batteries and supporting technologies, despite having heavily marketed the name through initiatives including consecutive Super Bowl ads in 2021 and 2022. The decision was disclosed ahead of an investor event where GM executives discussed strategies to reduce battery costs and diversify battery chemistries. GM confirmed its aim to produce and wholesale about 200,000 EVs for North A...
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    Terra Charge opens EV charging hub with 71 chargers in Delhi NCR
    Terra Charge, a leading charge-point operator (CPO) in India, has opened its latest public electric vehicle charging hub in Ghaziabad, Delhi National Capital Region (NCR), India, according to a news report published by News18 on Oct. 4. The public EV charging hub is located at Village Morta on the Delhi-Meerut Highway, near Pillar No. 682, the report said, adding that the facility houses a total of 70 slow chargers with a capacity of 3.3 kW each and one DC fast charger, which delivers pe...
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    Gatik partners with experts on rigorous safety audit of its autonomous delivery operations
    As reported in a press release on Oct. 8, Gatik AI Inc., a company specializing in autonomous middle-mile logistics, has announced a significant step toward enhancing safety in autonomous trucking by committing to a comprehensive safety case assessment for its Freight-Only operations across North America. This initiative, which Gatik describes as the most thorough evaluation of its autonomous driving system, involves third-party assessments and aims to set a new standard for safety in the indust...
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    LeddarTech announces strategic license agreement with Solid State LiDAR Protection Inc.
    LeddarTech, an automotive software company that provides the patented AI-based, low-level sensor fusion and perception software technology, LeddarVision, for advanced driver assistance systems, autonomous driving and parking applications, has announced the conclusion of a strategic license agreement with Solid State LiDAR Protection Inc. This partnership grants Solid State LiDAR Protection the rights to produce and market LeddarTech’s advanced Lidar module and sensor products. Und...
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    BYD keen on manufacturing electric cars in India
    Chinese electric-car maker BYD is keen to start full-scale manufacturing operations in India, according to a news report published by Autocar Professional on Sept. 30. Citing Rajeev Chauhan, who heads the Electric Passenger Vehicles (EPV) Business at BYD India, the report mentioned that while BYD is keen on locally producing electric cars in India, until that is finalized, the company will continue offering its global electric vehicle models to Indian consumers. Currently, the carmaker operat...
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    Jolt Energy collaborates with the city of Stockholm to provide EV fast-charging stations
    Jolt Energy, a leading charge-point operator (CPO) in Europe, has launched its high-power charging network (HPC) in Greater Stockholm in cooperation with the city of Stockholm, the company announced Oct. 10. The move is in line with the city of Stockholm’s strategy to reduce greenhouse gas emissions from the transport sector by 70% by 2030. Stockholm’s goal is backed by the introduction of environmental zones in the central parts of the city, where internal combustion engine (ICE) vehicle...
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    Li Auto expands chip R&D efforts in Hong Kong, aims for mass production of AI inference chips by 2026
    Li Auto is setting up a chip research and development office in Hong Kong, with plans to hire AI chip architects, Pandaily reported Oct. 9, quoting media outlet LatePost. The new office is envisioned as an international technology exchange center and falls under the Li Auto Chip Preliminary Research Department, aiming to recruit a team of about 10 people. These positions are considered equivalent to technical experts or senior experts at major domestic internet firms, indicating the high leve...
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    Gridserve unveils extensive EV charging upgrades at Moto’s Rugby site in the UK
    Gridserve has upgraded the electric vehicle charging hub at the Moto Rugby, which is located at the junction 1 of the M6 in the UK, with 24 high-power charging bays, doubling the number of available EV charging bays at the busy site, the company announced Oct. 4. It said that the new high-power EV charging bays are the latest addition to Moto and Gridserve’s nationwide effort to transform access to EV charging facilities and prevent charging anxiety for EV motorists. The Electric Su...
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    German battery company Varta AG gets support for its restructuring plan, secures short-term bridge financing
    German battery company Varta AG has announced Oct. 7 that it has achieved another milestone with the signing of material agreements as part of its restructuring concept disclosed Sept. 18. The company said that it has entered into a lock-up agreement with several syndicated loan lenders and lenders of the promissory notes as well as other relevant parties. The agreement contains the obligation on the part of the undersigned syndicated loan lenders and lenders of the promissory notes to suppor...
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    Northvolt AB's subsidiary Northvolt Ett Expansion AB files for bankruptcy
    Northvolt AB's subsidiary Northvolt Ett Expansion AB, which has no direct employees and is managing its construction project, has filed an application for bankruptcy at the District Court of Stockholm, Northvolt announced Oct. 8. The move to file for Northvolt Ett Expansion AB’s bankruptcy follows management decision to suspend the battery plant expansion project in September. “The application was filed due to the financial situation of Ett Expansion AB,” the Swedish battery-maker sa...
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    ElringKlinger sells units to Certina Group in strategic shift
    ElringKlinger, an automotive industry group, has decided to sell its companies located in Sevelen, Switzerland, and Buford, Ga., to the Certina Group, a decision announced on Oct. 7. This move comes as part of ElringKlinger's strategic reorientation to focus on its core capabilities amid the automotive industry's significant shifts, especially in the production of thermal and acoustic shielding technologies in Europe and North America. The transaction, expected to be finalized by the end...
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    Elkem to showcase battery solutions at The Battery Show 2024 in Detroit
    Elkem, a notable provider of silicone solutions, has announced its participation in The Battery Show in Detroit. The company will be showcasing its range of battery assembly solutions, including the BLUESIL RT Foam, BLUESIL ESA and CAF product lines, which cater to thermal insulation, thermal management, electronic protection, and sealing and bonding applications, respectively. These products are designed to enhance the automation process in battery assembly for lightweight veh...
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    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 ...
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    Rivian seeks US DOE loan for new Georgia factory
    Rivian has submitted a loan application to the US Energy Department (DOE) seeking financial support for the construction of its new factory in Georgia, US, according to Green Car Reports on Oct. 4, citing Reuters. Further details about the loan application, including requested amount or terms, are not yet public. The electric-car company plans to initiate partial operations at this facility by the third quarter of 2027, with the first segment of its production capacity expected to be ful...
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    Nio, CYVN Holdings establish JV company to tap into the Middle East, African markets
    Chinese electric-car maker Nio has partnered with Abu Dhabi, United Arab Emirates-based CYVN Holdings, which is also a leading investor in the company, to launch a joint venture named Nio MENA, the company announced Oct. 4. The collaboration will mark Nio’s entry into the Middle East and North Africa (MENA) markets as part of the company’s global expansion strategy. Tapping into the MENA region, Nio aims to introduce its cutting-edge electric vehicle solutions to more users and contribute...
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