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    Auto parts to software ecosystem: Does Aptiv and Wind River merger make sense?
    Well-known auto parts maker Aptiv acquired automotive and IoT software developer Wind River on 11 January 2022. This is the first automotive acquisition of this year. This deal is the biggest since 2017 and the divergence of Delphi by Aptiv. Aptiv Aptiv PLC, formerly known as Delphi Automotive...
    Electrical steel: Another temporary supply chain shortage or a threat to OEMs’ electrification plans?
    This report has contributions from xEL Mobility and Metals Technology Consulting. As the automotive industry battles the semiconductor shortages, which have prevented the production of 9.3 million units to date, the rapid expansion in growth of EV sales raises questions about the future availabil...
    Luxury carmaker Bentley to invest USD3.37 billion to become carbon neutral by 2030
    British manufacturer of luxury cars Bentley Motors Ltd has committed an investment of GBP2.5 billion (USD3.37 billion) in sustainability over the next 10 years with an aim to become carbon neutral by 2030, the company announced on 26 January 2022. It plans to roll out its first battery-electric vehi...
    26-Jan-2022 News Investments
    General Motors plans to invest over USD7 billion in four Michigan plants
    General Motors plans to invest more than USD7 billion in four manufacturing sites located in Michigan, significantly increasing battery cell and electric vehicle (EV) manufacturing capacity, the company said on 25 January 2022. While the company claims that the said amount is the single largest inve...
    26-Jan-2022 News Investments
    Covestro expands plastics production facility at Greater Noida to support ‘Make in India’ initiative
    German engineering plastics company inaugurates new production lines for polymers the facility’s Greater Noida Plant in India, Covestro said in a press release on 24 January. This new hi-tech facility began operations entailing advanced manufacturing capabilities to meet growing demand.  &nbs...
    26-Jan-2022 News Investments
    StradVision establishes North American headquarters to expand business in US
    StradVision announces it has established a North American Headquarters in Michigan, enabling the company to better develop new market opportunities and customers in the United States, it said in a press release on 20 January. StradVision COO and StradVision Technology USA CEO, Sunny Lee, said, ...
    26-Jan-2022 News Investments
    Fermata Energy raises USD40 million
    Fermata Energy has announced that it has raised USD40 million, the company said in a press release on 14 January. Investment from new partners, included funds managed by Carlyle and Verizon Ventures, as well as existing investors such as Skyview Ventures, I Squared Capital, and ClearSky. The fund...
    24-Jan-2022 News Investments
    Intel invests USD20 billion to set up advanced chipmaking facility in Ohio
    Intel announces plans for an initial investment of more than USD20 billion in the setup of two new cutting-edge chip factories in Ohio, the company said in a press release on 21 January. The investment toward the new establishment will cater to the growing demand of advanced semiconductors.&nbs...
    24-Jan-2022 News Investments
    Startup Smartcar closes USD24 million in Series B financing
    Smartcar has raised USD24 million in Series B financing round, the API developer platform for connected vehicles said in a press release on 19 January. The round was led by Energize Ventures with follow-on participation from Andreessen Horowitz (a16z) and New Enterprise Associates (NEA). Smartcar wi...
    24-Jan-2022 News Investments
    Autonomous vehicle startup Wayve raises USD200 million in Series B funding round
    Wayve has raised USD200 million in Series B funding round, the company said in an official release on 18 January. The funding will help scale its technology and expand its partnerships with commercial fleets. The latest round of funding brings total equity raised to over USD258 million. “We wer...
    24-Jan-2022 News Investments
    General Motors to invest USD154 million in Western New York components plant
    US carmaker General Motors plans to invest around USD154 million in its Western New York Lockport Components plant to renovate the facility and purchase and install new machinery and equipment used in the production of the stator module, the company announced on 21 January 2022. The said stator modu...
    24-Jan-2022 News Investments
    BHP invests USD40 million in Kabanga Nickel and USD10 million in Lifezone Ltd.
    UK-based mining company Kabanga Nickel Limited announced via press release on 10 January that Anglo-Australian mining company BHP had agreed to invest USD40 million into it and USD10 million into its technology partner Lifezone Ltd. According to the press release, while the USD40 million sum...
    20-Jan-2022 News Investments
    indie Semiconductor expands global footprint with new sales and technical support center in Japan
    Autotech solutions innovator, indie Semiconductor has created a Kabushiki Kaisha, or KK to expand the company’s market reach for strategic collaborations and presence in Japan, it said in a press release on 18 January. Vincent Wang, EVP of Asia Sales and Marketing for indie, said, “We are exc...
    19-Jan-2022 News Investments
    Freyr Battery partners with Aleees to develop new LFP cathode plant in the Nordic region
    Norwegian battery startup Freyr Battery announced via press release on 11 January that it will be forming a joint venture (JV) with Taiwanese cathode material producer Aleees to establish a lithium iron phosphate (LFP) cathode material plant in the Nordic region. According to the press release, t...
    19-Jan-2022 News Investments
    Albermarle partners with 6K to develop new battery material manufacturing process
    American fine chemical manufacturing company Albemarle announced via press release on 13th January that it had signed a joint development agreement (JDA) with advanced materials startup 6K to develop lithium-ion battery materials using 6K’s patented UniMelt manufacturing process. According to t...
    19-Jan-2022 News Investments
    HD map company Ushr gets USD100 million investment from JOIN, DMP
    Ushr has announced that its parent company, Dynamic Map Platform and the Japan Overseas Infrastructure Investment Corporation for Transport and Urban Development (JOIN) will invest up to USD100 million in the company, the company said in a press release on 14 January. The funding will help Ushr...
    17-Jan-2022 News Investments
    Startup Black Sesame Technologies raises capital from Bosch's Boyuan Capital
    Black Sesame Technologies recently raised an undisclosed amount from Bosch's Boyuan Capital, the company said in a press release on 12 January. This will enable Bosch and Black Sesame jointly develop autonomous driving solutions and accelerate the commercialization of self-driving technologies. B...
    14-Jan-2022 News Investments
    Rohm expands production capacities for PMMA molding components in Shanghai
    Rohm is expanding its production capabilities in Shanghai through a significant investment in molding compounds in Shanghai, the company announced in a press release on 3 January. The new expansion will cater to increased production of PLEXIGLAS (branded in the Americas as ACRYLITE) molding compound...
    14-Jan-2022 News Investments
    PPG invests USD10 million to increase automotive coatings production capacity in Germany
    PPG announces investment of more than USD10 million towards expanding production of OEM coatings at its manufacturing site in Weingarten, Germany, the company said in a press release on 11 January. Roald Johannsen, VP, Automotive OEM Coatings, Europe, Middle East, and Africa, PPG said, ...
    13-Jan-2022 News Investments
    American Manganese receives funding from NRC Canada for battery recycling project
    Recycling and battery material upcycling company American Manganese announced via press release on 5 January that it would be receiving additional advisory services and funding from the national Research Council of Canada Industrial Research Assistance Program (NRC IRAP) for its battery materia...
    12-Jan-2022 News Investments
    Startup Battery Resourcers to open USD43-million Li-ion battery recycling facility in the US
    Battery recycling and engineered materials startup Battery Resourcers plans to open a commercial-scale Li-ion battery recycling facility in Covington, Georgia in the US, the company said on 5 January 2022. Battery Resourcers said the company would invest USD43 million in the said recycling facili...
    07-Jan-2022 News Investments
    Porsche invests in 3D printer manufacturer INTAMSYS
    German sports car manufacturer Porsche announced via a press release on 14 December that its venture capital arm Porsche Ventures had invested in Chinese 3D printing specialist INTAMSYS. According to the press release, the investment will explore the application of additive manufacturing in ...
    07-Jan-2022 News Investments
    Battery start-up Li-Cycle to upsize New York processing facility by 40%
    Canadian battery recycling company Li-Cycle announced via press release on 14 December that it would be upsizing its planned New York “Hub” facility to meet growing market demand by increasing its input process capacity by over 40%. According to the press release, the “Hub”, a facili...
    06-Jan-2022 News Investments
    LG Chem and LG Energy invest USD50 million in battery material start-up Li-Cycle
    Canadian Li-ion battery recycling company Li-Cycle announced via press release on 14 December that it had entered into a manufacturing scrap supply and off-take agreement with battery material manufacturer LG Chem and EV battery cell manufacturer LG Energy. According to the press release, the two...
    05-Jan-2022 News Investments
    Xiaomi invests in chip developer Shanghai GTA Semiconductor
    Chip developer Shanghai GTA Semiconductor announced investment from technology company Xiaomi and other shareholders, according to a press release by Pandaily on 4 January.    Significance: New investors added include Yangtze River Industry Fund Partnership Enterprise (L.P.), Hubei Xiao...
    05-Jan-2022 News Investments
    Porsche Ventures investments in nanocoating technology startup company actnano
    actnano completes a second close in Series B funding with an investment from Porsche Ventures, the company announced in a press release on 4 January. Taymur Ahmad, CEO of actnano, said, “Our advanced technology, nanoGUARD, enables ADAS and AV systems to operate without failure due to salt, cond...
    05-Jan-2022 News Investments
    MCU chip developer Yuntu Semiconductor completes round-A financing of USD15.7 million
    Suzhou Yuntu Semiconductor announced that the company has completed round-A financing of CNY100 million (USD15.73 million), according to a press release by Pandaily on 31 December. The investors included New Alliance Capital, Shenzhen Inovance Tech, and Sunic Capital. Significance: The investment...
    04-Jan-2022 News Investments
    POSCO plans to spend USD830 million on a lithium hydroxide plant in Argentina
    South Korean steel giant POSCO plans to invest USD830 million in setting up a lithium hydroxide plant in Argentina, a report filed by Yonhap News Agency on 16 December 2021 said, citing the company announcement. It said that POSCO’s board of directors have approved a plan to establish the plant...
    04-Jan-2022 News Investments
    TriEye expands global footprint by setting up new office in Japan
    Israeli technology startup company TriEye announced its expansion with a new setup in Japan, it said in a press release on 16 December. The region will help the company focus and attract more business opportunities in the Asia-Pacific region. Avi Bakal, CEO and Co-Founder of TriEye, said "We are ...
    UBQ Materials raises USD170 million towards global expansion
    Leading climate-positive thermoplastic material manufacturer UBQ Materials received USD170 million in funding, the company announced in a press release on 15 December. The financing round was led by TPG rise, group’ global impact investing platform.   Jack (Tato) Bigio, Co-Founder and Co-C...
    03-Jan-2022 News Investments
    Amara Raja to invest in Slovakia-based battery startup InoBat Auto
    Indian battery maker Amara Raja Batteries Ltd. plans to invest in Slovakia-based electric vehicle (EV) battery startup InoBat Auto, the company said on 29 December 2021. Making an initial investment in InoBat will give Amara Raja a key foothold in the thriving European EV ecosystem, where multiple b...
    31-Dec-2021 News Investments
    Kongsberg Automotive’s FTS business unit to get a new production facility in Poland
    Kongsberg Automotive’s Fluid Transfer Systems (FTS) business unit announces intent for a new facility in Brześć, Kujawski, Poland, the company said in a press release on 21 December. The new plant will remain and operate as a dedicated engineering assembly line reinforcing Kongsberg Automotive...
    28-Dec-2021 News Investments
    Tokyo Electron highlights carbon neutral solutions to reduce greenhouse emissions
    Tokyo Electron (TEL) highlights net zero solutions focusing on semiconductor production equipment supporting Sustainable Development Goals (SDGs) initiative to attain a more carbon free production and supply process, it said in a statement according to DIGITIMES Asia on 28 December. Peter Ka...
    28-Dec-2021 News Investments
    Baidu Ventures invests in photoelectric company Shanghai Jinghe Photoelectric Technology
    Baidu Ventures led the Shanghai Jinghe Photoelectric Technology Company’ (Jinghe Tech) A+ round of financing worth tens of millions of yuan (millions of US dollar), the company announced in a statement released by Gasgoo on 17 December. Significance: Intelligent lighting company Jinghe Tech sai...
    24-Dec-2021 News Investments
    Hankook opens new tire testing workshop in Nürburgring
    South Korean tire manufacturer Hankook Tire announced via press release on 8 December that the company had officially opened a dedicated field office in Meuspath in the district of Ahrweiler in the southwest of Germany. According to the press release, the decision was driven by recent massive gro...
    24-Dec-2021 News Investments
    Zoltek to increase carbon fiber production in Mexico by 6,000 metric ton
    American materials company Zoltek announced via press release on 18 November that the company was reexpanding its carbon fiber production capacity at its Guadalajara, Mexico facility. According to the press release, this new 6,000-metric-ton expansion will start production in early 2023 and ...
    23-Dec-2021 News Investments
    Solvay invests in Li-metal battery startup Sepion
    Belgian chemical company Solvay announced via press release on 18 November that the company's venture capital fund, Solvay Ventures, had invested in Sepion, a California-based startup that specializes in developing batteries with Li-metal anodes and liquid electrolytes. While Li-metal batteries t...
    23-Dec-2021 News Investments
    FineMat Applied Materials to expand metal mask production capacity in 2022
    FineMat announces the expansion of production capacity for metal masks used in the manufacturing of flexible organic light-emitting diode (OLED) panels, the company said in a statement released by Digi Times Asia. The expansion adds two chemical vapor deposition (CVD) mask lines in the second half o...
    23-Dec-2021 News Investments
    Startup Haomo.AI raises nearly USD150 million in Series A funding round
    Haomo.AI has raised nearly CNY1 billion (around USD150 million) in its Series A funding round, the autonomous driving startup said in a press release on 22 December. The company raised investment from Meituan, GL Ventures (Hillhouse Capital's early-stage investment arm), Qualcomm Ventures, Hong Kong...
    23-Dec-2021 News Investments
    EV startup Rivian to set up second production plant in Georgia, invests USD5 billion
    Electric vehicle (EV) startup Rivian announced on 16 December 2021 that the company will expand its manufacturing operations by setting up its second plant in the state of Georgia, US. The company said that the planned campus would be located east of Atlanta, in Morgan and Walton Counties. ...
    22-Dec-2021 News Investments
    TÜV SÜD to invest USD44 million in setting up EV battery-testing facility in Michigan
    German automotive research and development (R&D) services company TÜV SÜD plans to invest USD44 million in setting up an electric vehicle (EV) battery-testing facility near Detriot, Michigan, the company said on 21 December 2021. TÜV SÜD said that from the planned facility, which will be spr...
    22-Dec-2021 News Investments
    CT Automotive raises USD45.63 million in IPO on AIM
    Automotive interiors maker CT Automotive Group PLC raised GBP34 million (USD 45.63 million), according to a press release by Morningstar on 20 December. The automotive interior company placed 22.9 million new shares at 147 pence each with institutional investors. Scott McKenzie, CEO, said. "We ar...
    22-Dec-2021 News Investments
    Solvay increases copper solvent extraction capacity to meet growing e-mobility demand
    Belgian chemical company Solvay announced via press release on 2 December plans to expand capacity at its Mount Pleasant, Tennessee facility in response to growing demand for its ACORGA® and ACORGA® OPT copper solvent extraction (SX) products. According to the press release, the investment is d...
    22-Dec-2021 News Investments
    Arkema opens new battery development center at Pierre-Bénite research site
    French specialty chemicals and advanced materials company Arkema announced via press release on 19 November the inauguration of the company's new Christian Collette Center of Excellence dedicated to batteries at its Pierre-Bénite Research Center. According to the press release, the new center, e...
    22-Dec-2021 News Investments
    BASF to invest up to USD5.1 billion in battery materials and base metals recycling
    German chemical company BASF announced via press release on 7 December that the company will be strengthening its focus on battery materials and recycling by targeting investments worth USD4.0–5.1 billion between 2022 and 2030. According to the press release, the investment will increase the co...
    22-Dec-2021 News Investments
    Automotive supplier Hankook invests in PMC
    Preciseley Microtechnology Corporation (PMC) announced that Hankook and Company and Hankook Tire and Technology have made a strategic investment in PMC, the company said in a press release on 8 December. David Somo, president and CEO of Preciseley said, “Building on our industry-...
    21-Dec-2021 News Investments
    Startup what3words gets USD10 million funding from Brand Capital International
    what3words has received USD10 million funding from Brand Capital International, it said in a 20 December press release. The funding will help support the startup’s expansion across India. Brand Capital International will also be offer strategic guidance, marketing support, and assistance with deve...
    21-Dec-2021 News Investments
    Audi to invest over USD20 billion on its electrification, hybridization plans over five years
    German luxury carmaker Audi announced on 16 December 2021 that it is raising its investments on the future vehicle projects to EUR37 billion (close to USD42 billion) over the next five years. The earmarked investments also include EUR18 billion (over USD20 billion) that Audi plans to invest in the d...
    21-Dec-2021 News Investments
    Laster Tech raises funds towards expansion of plant production
    LED automotive lighting module maker Laster Tech has announced the company will issue 10 million new shares and a three-year zero-interest convertible bonds worth up to NTD200 million (USD7.2 million), it said in a press release on 16 December. The funds will be used to expand its existing manufactu...
    17-Dec-2021 News Investments
    Nissan to lower EV production costs by recycling batteries in Europe and the United States
    The daily Nikkei on 16 December reported that Japanese automaker Nissan Motor Co Ltd plans to build new battery recycling factories in the United States and Europe by the end of fiscal 2025. According to the news article, the automaker hopes that recycling batteries and reusing them in elect...
    17-Dec-2021 News Investments
    Toyota plots 30 BEVs by 2030, to invest USD17.6 billion on EV batteries
    Announcing its global strategy for battery electric vehicles (BEVs) on 14 December 2021, Japanese carmaker Toyota Motor Corporation said that the company plans to introduce 30 BEVs by 2030 across passenger and commercial segments in a move to become a carbon-neutral vehicle manufacturer in the long-...
    15-Dec-2021 News Investments
    Volkswagen announces roadmap to electrify its production sites in Europe in mid-term
    Volkswagen has laid down the roadmap to electrify its vehicle manufacturing facilities in Europe within the framework of Planning Round 70, the company said on 9 December 2021. VW said that its headquarters and manufacturing site in Wolfsburg will be transformed and the company’s competitiveness w...
    14-Dec-2021 News Investments
    Volkswagen establishes a European company to consolidate EV battery value chain activities
    German carmaker Volkswagen has set up a European company named Société Européenne in an attempt to consolidate all EV battery value chain activities, ranging from processing raw materials and developing a unified battery to managing the upcoming gigafactories in Europe, the company announced on 1...
    Lidar startup Blickfeld raises USD31 million in Series A funding
    Blickfeld has raised USD31 million in Series A funding, the lidar startup said in a press release on 8 December. New Future Capital (NFC) came in as a new investor with participation from existing—ams OSRAM Ventures, High-Tech Gründerfonds, Tengelmann Ventures, and UVC Partners. “The additio...
    14-Dec-2021 News Investments
    Vingroup begins construction of its USD174 million EV battery plant in Vietnam
    Vingroup, a leading conglomerate from Vietnam and also the parent company of carmaker VinFast, has officially started the construction of its EV battery manufacturing plant in the Vung Ang Economic Zone located in the Ha Tinh province, Vietnam, it said on 12 December 2021. The upcoming battery pl...
    13-Dec-2021 News Investments
    Volvo Cars, Northvolt to open battery R&D, production facilities as part of USD3.3 billion plan
    Swedish carmaker Volvo Cars and EV battery startup Northvolt plan to open a joint research and development (R&D) center in Gothenburg as part of their SEK30 billion (USD3.3 billion) investment plan to develop and manufacture next-generation batteries, the two companies announced on 10 December 2...
    13-Dec-2021 News Investments
    Gridserve plans to set up 20 rapid EV charging hubs by Q2 2022 in the UK
    EV charging network provider Gridserve plans to set up over 20 charging hubs, each featuring 6 to 12 350kW ultra high-power chargers with contactless payment and CCS and CHAdeMO connectors, it announced on 9 December 2021. Gridserve said that each of the EV chargers planned would be capable of ad...
    10-Dec-2021 News Investments
    BIG Yarns to invest into production of polyester yarns to enter automotive market
    Beaulieu International Group (BIG) Yarns announced investment toward becoming a producer of polyester (PET) yarns for the automotive industry, it said in a press release on 9 December. Emmanuel Colchen, general manager, BIG Yarns, said, “With the additional capacity in the best-in-class 1 step ...
    10-Dec-2021 News Investments
    ArcelorMittal expands partnership with LanzaTech by investing through its XCarb innovation fund
    ArcelorMittal invests USD30 million into carbon recycling company, LanzaTech through its XCarb innovation fund, the company announced on 9 December. This is the fourth investment the Company has made through the fund since it launched in March 2021. Pinakin Chaubal, CTO, ArcelorMittal said, “We...
    10-Dec-2021 News Investments
    Yanfeng enters into agreement to acquire Adient Asia’s 49.99% share
    Yanfeng entered into an agreement with Adient to acquire Adient Asia’s 49.99% share in the Yanfeng Adient Seating Co, Ltd (YFAS) joint venture (JV) in China, the company announced in a press release on 3 December. As per the transaction, all current and future pipeline projects will transition to ...
    10-Dec-2021 News Investments
    Toyota to build USD1.29 billion battery production plant in North Carolina, US
    Japanese carmaker Toyota announced on 6 December 2021 that the company has chosen Greensboro-Randolph megasite in North Carolina, US, for its planned USD1.29 billion automotive battery manufacturing plant. The upcoming facility will be named as Toyota Battery Manufacturing, North Carolina (TBMNC), i...
    09-Dec-2021 News Investments
    Hyundai Motor India to invest over USD530 million, plans to launch six BEVs by 2028
    South Korean carmaker Hyundai Motor India Ltd (HMIL) announced on 8 December 2021 that the company plans to invest INR40 billion (USD530.2 million) on research and development toward rolling out six new battery electric vehicles (BEVs) by 2028. The said six electric cars it plans to launch would be ...
    08-Dec-2021 News Investments
    Sigma Lithium begins construction of battery grade lithium production plant in Brazil
    Canada-based lithium production company Sigma Lithium Corporation announced on 6 December 2021 that it has commenced construction of its planned battery-grade lithium plant at its wholly owned Grota do Cirilo Project in Brazil. It said that the completion of the first stage of construction civil wor...
    08-Dec-2021 News Investments
    Arrival plans to set up a high voltage battery module assembly plant in Charlotte, US
    Electric vehicle (EV) technology company, Arrival plans to invest USD11.5 million in setting up a high voltage battery module (HVBM) assembly plant in Charlotte, North Carolina, US, adding 150 jobs, it said on 6 December 2021. “This will be Arrival’s third facility in Charlotte, including its...
    08-Dec-2021 News Investments
    Ford Motor Company to invest USD900 million in upgrading its Thailand production plant
    Ford Motor Company announced on 7 December 2021 that it plans to invest USD900 million in modernizing its manufacturing facility in Thailand. Dubbing the plan as the company’s largest-ever single investment in Thailand, Ford said that it is part of the Ford+ plan for growth and value creation and ...
    08-Dec-2021 News Investments
    Merge Electric fleet secures Series A funding to expand EV fleet services
    Merge Electric Fleet Solutions announced the close of a Series A funding round led by strategic investor Pickering Energy Partners (PEP), it said in a press release on 7 December. The company is said to incorporate additional fleets and increase electrifications services across its offerings. “...
    08-Dec-2021 News Investments
    GM invests in Bedford Aluminum Casting facility to upgrade plant for future EV and ICE production
    General Motors (GM) to invest more than USD51 million to upgrade and install state-of-the-art equipment at its Bedford, Indiana aluminum die casting foundry, the company announced in a press release on 7 December. The facility will cater to present and upcoming casting applications.   “Our...
    08-Dec-2021 News Investments
    Big Atom receives USD464,000 grant to develop tire recycling process
    British recycling innovator Big Atom announced via press release on 16 November that it had received a USD464,000 grant from innovation agency ‘Innovate UK’ to develop its patented chemical reactor technology, which converts old waste tires into new materials. According to the press rele...
    08-Dec-2021 News Investments
    GKN Automotive to invest USD4.6 million in setting up an advanced research center in UK
    Global supplier of driveline systems, GKN Automotive plans to invest GBP3.5 million (USD4.6 million) in setting up an advanced research center in the UK, the company said on 3 December. While the company aims to develop next generation eDrive systems for electrified vehicles at the new research cent...
    07-Dec-2021 News Investments
    Toyoda Gosei invests in Wonder Future Corporation
    Toyoda Gosei invests in Tokyo-based startup with strengths in electronic component mounting technology Wonder Future Corporation, the company announced in a press release on 30 November. The collaboration will enhance and design new portfolio of automotive components by leveraging each other’s tec...
    07-Dec-2021 News Investments
    Kongsberg Automotive to expand center for research and development in Raufoss
    Kongsberg Automotive’s Couplings business unit is expanding by 900 square meters in Raufoss, it said in a press release on 3 December. The company also said that the expansion is catering to the couplings market, which is expected to double in four years and quadruple by 2030. “The Couplings ...
    07-Dec-2021 News Investments
    Daimler’s supervisory board approves Mercedes-Benz’s plan to invest USD67.8 billion on EVs
    Daimler AG’s Supervisory Board has approved the Mercedes-Benz Business Plan for 2022 to 2026, endorsing its strategic plan to go fully electric and invest EUR60 billion (USD67.8 billion) to support this transition, the company said on 2 December 2021. “For the transformation into a software-d...
    06-Dec-2021 News Investments
    Cybersecurity startup Karamba raises USD10 million in extension to Series B round
    Karamba Security has raised USD10 million in new funding in an extension to its Series B financing round, the Israel-based startup said in a press release on 2 December. VinFast led the investment with participation from SVIC, and existing investors like YL ventures, Fontinalis Partners, Liberty Mut...
    03-Dec-2021 News Investments
    Lanxess inaugurates Chinese production line for automotive water-based compounds
    Lanxess announced a new production facility for the manufacturing of water-based compounds in Nantong, China, it said in a press release on 30 November. The new entity belongs and operates under the company’ Urethane Systems (URE) business unit. There is a global trend toward water-based and th...
    02-Dec-2021 News Investments
    PPG launches automotive OEM clearcoat production in Germany
    PPG will invest EUR3 million (USD3.39 million) to expand automotive OEM clearcoat production at its facility in Erlenbach, Germany, the company said in a press release on 1 December. The investment will help PPG expand its portfolio in the OEM clearcoat production. “This is an important in...
    02-Dec-2021 News Investments
    Koch Strategic Platforms to invest USD100 million in Standard Lithium
    Lithium extraction company Standard Lithium Ltd. announced in a press release on 24 November that Koch Strategic Platforms (KSP), which is a subsidiary of Koch Investments Group, plans to invest USD100 million in it through a direct private placement to support lithium developer’s strategic develo...
    01-Dec-2021 News Investments
    Startup actnano raises USD21.75 million in Series B round
    Actnano has closed USD21.75 million Series B funding, it said in a press release on 30 November. The round was led by BMW i Ventures with new investment from HELLA Ventures and TDK Ventures. All Series A investors, including Emerald Technology Ventures, GC Ventures America, Henkel Tech Ventures, Ire...
    01-Dec-2021 News Investments
    TDK Ventures invests in nanomaterials company actnano
    TDK Corporation has invested in the Series B financing of actnano, a nanomaterials technology company, the company announced in a press release on 30 November. The company is exploring new standards for electronics protection through water and environmental-resistant smart coating solutions that pro...
    01-Dec-2021 News Investments
    BorgWarner sets up new facility in Suzhou to enhance R&D and production capabilities
    BorgWarner’s announcement accelerates second phase of its research and development (R&D) facility in the Suzhou Industrial Park, China, it said in a press release on 24 November. The new facility will help BorgWarner expand its footprint and increase production capacity. “As part of our C...
    30-Nov-2021 News Investments
    Kurabe invests USD35 million in new plant in Aguascalientes expanding its global footprint
    Japanese manufacturer of heated seats and steering, Kurabe will invest USD35 million in the San Francisco IV Industrial Park located in Aguascalientes Mexico, it said in a press release on 29 November. The plant will be the first manufacturing setup in the area and help generate 1,500 jobs in w...
    30-Nov-2021 News Investments
    India's Tata Group plans USD300 million unit to assemble semiconductors
    According to an Economic Times press release dated 26 November, India's Tata group is in talks with three states to invest up to USD300 million in establishing a semiconductor assembly and test unit, according to two sources familiar with the matter, as part of the conglomerate's push into high-tech...
    30-Nov-2021 News Investments
    Hanon Systems inaugurates new manufacturing facility in Gyeongju, Korea
    Hanon inaugurates its latest manufacturing site located in Naengcheon-ri, Oedong-eup, Gyeongju-si, Korea, it said in a press release on 26 November. The new plant will be the company’ first fully dedicated location to supply parts to carbon neutral vehicles in Korea. Significance: The new facil...
    29-Nov-2021 News Investments
    Samsung Electronics announces new advanced semiconductor Fab Site in Taylor, Texas
    Samsung Electronics announced the construction of a new semiconductor manufacturing facility in Taylor, Texas, in an official press release dated 24 November 24th. The estimated USD 17 billion investment in the US will aid in the production of advanced logic semiconductor solutions that power next-g...
    26-Nov-2021 News Investments
    Ionity to invest USD785 million on expansion of EV charging network across Europe
    Ionity, one of the leading electric vehicle (EV) charging networks in Europe, has announced a combined investment of EUR700 million (USD785 million) from its current shareholders and new partner the BlackRock Global Renewable Power platform to drive its network expansion in Europe, the company said ...
    25-Nov-2021 News Investments
    Foxconn Interconnect Technology invests USD10 million in Autotalks for V2X rollout
    Foxconn unit Foxconn Interconnect Technology (FIT) has invested USD10 million in Autotalks, CTech reported on 23 November. The companies will work to accelerate vehicle-to-everything (V2X) penetration across automotive and micro-mobility segments, using Autotalks' automotive V2X technology and the Z...
    24-Nov-2021 News Investments
    Volvo Cars Tech Fund invests in start-up Spectralics
    Volvo has invested in optical and imaging technology start-up Spectralics, it said in a press release on 23 November. Volvo made the investment through its venture capital investment arm, Volvo Cars Tech Fund. The startup focuses on next generation in-vehicle user experience. “Spectralics is an...
    24-Nov-2021 News Investments
    German research institute ZSW scales up battery material manufacturing with new plant
    Center for Solar Energy and Hydrogen Research Baden-Württemberg (ZSW) through the project “Powder-Up!” will set up a new pilot plant that can produce high-performance cathode materials in batches of up to 100 kg to meet present and future generations of lithium-ion (Li-ion) batteries, the compa...
    24-Nov-2021 News Investments
    Schaeffler India signs MoU to expand production for transmission components and systems
    Schaeffler India Limited signed a Memorandum of Understanding (MoU) with Guidance, the nodal agency for the Government of Tamil Nadu (GoTN) for an investment to expand its production footprint in the state of Tamil Nadu, India, the company said in a press release on 23 November. Schaeffler will inve...
    24-Nov-2021 News Investments
    Battery materials startup Mangrove Lithium closes Series A funding led by Breakthrough Energy Ventures
    Vancouver based Mangrove Lithium closed Series A with an investment of USD10 million led by Breakthrough Energy Ventures (BEV) along with participation from existing investor BDC Capital’s Cleantech Practice (BDC), the company announced in a press release on 17 November. Mangrove, CEO, Saad Dar...
    23-Nov-2021 News Investments
    BorgWarner awarded with grant to launch e-Product in Cadillac plant
    BorgWarner Thermal Systems was awarded a grant to increase its electric vehicle (EV) business and is set to establish a new high-voltage coolant heater (HVCH) at its existing manufacturing plant in Cadillac, Michigan, the company announced in a press release on 18 November. “Congratulations to ...
    22-Nov-2021 News Investments
    ZF inaugurates engineering technical center in West Midlands, UK
    ZF officially opens its new purpose-built technical and office facility at Blythe Valley Business Park Solihull, according to an official press release dated 18 November. The site showcases cutting-edge technology and infrastructure for developing advanced solutions for a future of autonomous, elect...
    22-Nov-2021 News Investments
    IONITY inaugurates new e-mobility technology test center in Germany
    IONITY has opened its new innovative technology test center in Unterschleissheim, Bavaria providing full end-to-end testing, including testing on functional technologies such as Plug and Charge, the company said in a press release on 18 November. "Every company interprets interface standards slig...
    22-Nov-2021 News Investments
    Texas Instruments to build on new 300-mm semiconductor wafer fabrication plants in US
    Texas Instruments Incorporated announced plans to begin construction on its new 300-millimeter semiconductor wafer fabrication plants (or "fabs") in Sherman, Texas (United States), according to an official press release dated 17 November. As semiconductor growth in electronics, particularly in th...
    18-Nov-2021 News Investments
    Canoo to set up new R&D, software development centers in Oklahoma, US
    Canoo has announced that it will set up a new research and development (R&D), software development, and customer support and financing centers in Oklahoma, according to a 15 November press release. The investments are expected to bring at least 700 additional jobs to the state. The R&D an...
    16-Nov-2021 News Investments
    Autoliv invests in Japan to expand global footprint
    Autoliv will invest in setting up a new facility to optimize operations, the company said in a press release on 12 November. The optimization plan is said to reflect its commitment to the Japanese market. "Autoliv Japan has been successful for over 30 years through a strong local sales, engi...
    15-Nov-2021 News Investments
    Foxconn signs definitive asset purchase agreement with EV startup Lordstown to acquire Ohio plant
    Taiwanese electronics manufacturer Hon Hai Technology Group, popularly knows as Foxconn, has signed a definitive asset purchase agreement with US-based electric vehicle (EV) startup Lordstown Motors Corp. (LMC) to acquire the latter’s Ohio-based plant, the company updated on 11 November. LMC has a...
    12-Nov-2021 News Investments
    VinFast to invest USD200 million in capital investments in California
    Vietnamese carmaker VinFast plans to make capital investments of more than USD200 million and establish its US headquarters in California as part of its expansion in the North American market, Reuters reported on 5 November, citing a company announcement. VinFast aims to debut in the United ...
    12-Nov-2021 News Investments
    Toyota invests USD6 million at American Center for Mobility
    Toyota is looking to make an additional USD6-million investment on the American Center for Mobility (ACM), the company said in a press release on 10 November. The investment will be broken down as USD3.5 million in a five-year lease for exclusive on-campus facilities, plus an additional estimated US...
    12-Nov-2021 News Investments
    Startup TriEye raises USD74 million for autonomous and driver-assistance systems
    According to an official press release dated 10 November, Israeli startup TriEye has raised USD74 million to commercialize a type of sensing technology that can help autonomous and driver-assistance systems see better in poor lighting conditions. According to CEO Avi Bakal, SWIR brings an additio...
    11-Nov-2021 News Investments
    Toyota makes USD30-million investment over five years at Collaborative Safety Research Center
    Toyota has committed an investment of USD30 million over the next five years for Collaborative Safety Research Center (CSRC), it said in a press release on 9 November. This will keep its plans on track for its next phase of automotive safety projects. “Humans are at the center of Toyota’s tec...
    10-Nov-2021 News Investments
    Knorr-Bremse invests USD25 million in Israeli start-up Autobrains
    Knorr-Bremse has invested approximately USD25 million in Israeli start-up Autobrains in exchange for a minority stake of approximately 5% in the company, according to an official press release dated 2 November. The partnership supplements Knorr-Bremse and Continental's existing collaboration on r...
    09-Nov-2021 News Investments
    Volkswagen and EIT InnoEnergy partner to pursue carbon-neutral mobility projects
    EIT InnoEnergy and Volkswagen has formed a strategic partnership to develop and plan joint innovation and investment activities designed to innovative technologies and business models to achieve economic breakthroughs to build a greener mobility space, it said in a press release on 3 November. Throu...
    08-Nov-2021 News Investments
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