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    Landmark Umicore deal key to Volkswagen’s EV battery strategy in Europe
    On 26 September 2022, Europe’s largest carmaker Volkswagen Group’s newly established battery company PowerCo and Brussels-based material supplier Umicore announced setting up a joint venture (JV) for precursor and cathode material production in Europe, starting from 2025. The landmark agreement with Umicore is expected to be critical for VW, which has two major long-term milestones to achieve: prepare for the European Union’s regulatory requirement of allowing sale of only zero-carbon-emis...
    Inflation Reduction Act 2022 remains a tough call for carmakers to avail EV tax credits
    It has been almost a month since the Democrats in the US Senate passed the Inflation Reduction Act of 2022 (IRA 2022), which became legislation on 16 August 2022 after the US President Joe Biden signed the act. While carmakers and their suppliers across the electric vehicle (EV) battery supply chain have been scrambling to decode the new mandates, auto industry lobbies from Europe, South Korea, and Japan have already expressed deep concerns about the ability of global carmakers to meet the requi...
    CATL plans to build USD1.9 billion battery plant in central China’s Henan province
    China’s largest battery maker CATL plans to build a battery manufacturing facility in central China's Henan province with an investment of more than CNY10 billion (USD1.9 billion), according to a news report published by CnEVPost on 29 September 2022. CATL’s new battery plant is slated to come up in the Yibin district of Luoyang, Henan province, the report said, citing a regulatory announcement by the company last week. Further quoting the company document, the news report stated ...
    ArcelorMittal, Nippon Steel to expand capacity at Gujarat plant with USD5 billion investment
    Japanese steel manufacturing company Nippon Steel announced via press release on 28 September that its India-based joint venture with ArcelorMittal, AM/NS, will be investing USD5 billion (INR410 billion) to increase the crude steel capacity of the Hazira, Gujarat plant to 15 million tons per year. According to the press release, the investment will involve installation of two new blast furnaces, two sintering facilities, three coke furnaces, three basic oxygen furnaces, two continuous casting...
    Nucor to invest USD425 million to set up new galvanizing line at South Carolina mill
    US steel company Nucor announced via press release on 28 September that its Board of Directors had approved the set up of a new USD425 million galvanizing line at its Berkeley mill in South Carolina. According to the press release, the new line, set to start operations in 2025, will have a 500,000-ton annual capacity and will be able to produce 72-inch-wide galvanized steel. Nucor stated that the investment would allow the company to expand into the automotive and consumer durables markets...
    Epsilon to expand carbon black capacity at Karnataka plant with new USD67 million investment
    Indian carbon black company Epsilon Carbon announced via press release on 27 September that it will be investing USD67 million to expand the annual carbon black production capacity of its facility in Vijayanagar, Karnataka, from 115,000 tons to 215,000 tons. According to the press release, the company plans to break ground on the new 100,000-ton plant in December 2022, with construction expected to last for 18 months. Commencement of commercial operations at the new plant will allow the compa...
    Sumitomo Chem to set up new recycled automotive plastics business in fiscal 2023
    Sumitomo Chemical announced via press release on 21 September that it will be setting up a new pilot-scale mechanical waste processing facility as part of its strategic plans to develop a new recycled automotive plastics business in the near future. According to the press release, the pilot facility, integrating processes associated with high-precision sorting and removal of foreign matter according to the material type, will eventually be used to commercially produce high-quality polypropyle...
    Lumax Industries inaugurates new technology and design center in Czechia
    Lumax Industries has inaugurated a new Lumax European Technical Centre (LETC) with focus on future and advanced technological development of automotive lighting solutions for the Indian market in the CTPark industrial zone in Ostrava-Hrabova, Czech Republic, Autocar Professional reported on 30 September. Deepak Jain, Chairman and Managing Director, Lumax Industries, said “The key purpose of the LETC will be to develop leading-edge automotive lighting technologies and adapt them for the Indi...
    Solvay expands Amodel polyphthalamide production facility in Augusta, Georgia
    Solvay has announced that the company expanded its Amodel polyphthalamide (PPA) resin capacity by 15% at its Augusta manufacturing facility in Georgia citing operational excellence initiatives, it said in a press release on 29 September. Brian Baleno, Head of Marketing Automotive at Solvay, said, “Driven by the needs of our customers and society, Solvay is not only investing in additional capacity, but also in new breakthrough Amodel PPA resins for e-mobility and in sustainability at our ma...
    Cipia secures USD9 million in funding via private investment in public equity
    Cipia has announced that the company has secured over USD9 million (NIS32.6 million) of funding via Private Investment in Public Equity (PIPE). The funding was led by Alexandre Weinstein (member of the Board, stakeholder in Cipia and founder of Olive Tree Ventures) via a private company in his ownership, alongside Cartridge Holdings Ltd and Professor Eli Talmor, executive chairman of Cipia's Board. Yehuda Holtzman, CEO of Cipia, said "This investment is a powerful vote of confidence in Cipia'...
    Chinese EV maker NIO acquires stake in Australian lithium mining company Greenwing Resources
    Chinese electric vehicle (EV) maker NIO, through its wholly owned subsidiary Blue Northstar Limited, plans to acquire a stake in Australia-based critical minerals exploration and development company Greenwing Resources Limited, the mining company said in a regulatory announcement made on 26 September 2022. It said that NIO has agreed to pay AUD12 million (about USD8.44 million) to Greenwing to subscribe for 21,818,182 shared of the latter at a deemed issue price of AUD0.55 per share. Upon com...
    UK’s EV charging startup Connected Kerb secures over USD118 million in funding from Aviva Investors
    UK-based EV charging startup Connected Kerb has secured GBP110 million (USD118 million) in funding from Aviva Investors, the global asset management business of Aviva plc, the company said in a media release on 26 September 2022. The newly raised funding will support Connected Kerb’s plan of delivering 190,000 on-street EV chargers by 2030, aimed at accelerating mass adoption of electric vehicles (EVs) across the UK. The company said that as part of the deal with Aviva Investors, Connected ...
    Bosch starts production of electrohydraulic iBooster braking systems at Japanese plant
    German auto parts manufacturer Bosch announced via press release on 20 September that it had started production of its iBooster and iBooster Compact electrohydraulic braking systems at its plant in Tochigi, Japan. According to the press release, the iBooster electrohydraulic braking system: Is capable of coping with no or less engine manifold vacuum, making it suitable for electric and hybrid vehicles Enables excellent energy recuperation Enables high levels of braking functionality...
    Solvay to produce rare earths for permanent magnet e-motors at French site
    Belgian chemical company Solvay announced via press release on 16 September that it plans expand its rare earths oxide separation operations in La Rochelle, France to serve customers in the fast-growing EV motor market. According to the press release, the La Rochelle rare earth separation facility, currently serving the automotive catalytic converter and semiconductor markets primarily, will be upgraded to produce a larger range of the 17 rare earths to include neodymium and praseodymium. The...
    Thyssenkrupp expands steering systems capacity at Hungarian plant with USD40 million investment
    The Hungarian Investment Promotion Agency (HIPA) announced on 15 September that German auto parts manufacturer Thyssenkrupp had invested USD40 million (EUR42 million) to increase the production capacity of electric steering systems at its site in Jászfényszaru, Hungary. According to the press release, the investment will involve increasing the production area of the site by 11,000 square feet. Significance: According to Thyssenkrupp, 80% of its steering systems produced globally are supp...
    Marelli inaugurates new technical R&D center in Bangalore, India
    Marelli has inaugurated a new technical research and development (R&D) center in Bangalore, India, it said in a press release on 27 September. Dinesh Paliwal, executive chairman, Marelli, said, “I am absolutely delighted to celebrate this major new strategic step for Marelli. India is one the most important R&D and innovation hubs in the world, and we are very excited about the deep talent pool here. Marelli is not investing in India for cost arbitrage—those days are long gone—w...
    Continental opens new application development center in Budapest, Hungary
    According to a press release on 26 September 2022, Continental opened its new Application Development Center in Budapest in a ceremonial setting. The new investment further expanded the company's autonomous mobility activities in Hungary, which started with the Artificial Intelligence Development Center handed over in 2018. The companies in the Continental group are constantly adding more software engineers to the Hungary-based Artificial Intelligence and Application Development Center. The e...
    China-based Tianma Microelectronics accelerates investment in automotive display manufacturing
    Display maker Tianma Microelectronics has announced that the company added investment in LCD panel production and modules for use in automotive displays, DigiTimes reported on 26 September. Significance: Tianma and China-based firms invested CNY1.1 billion (USD164.12 million) in June 2022 to build a microLED laboratory on a joint venture (JV) basis, with the laboratory to experiment the full microLED production process from the mass transfer of microLED chips to the assembly of microLED modul...
    HL Klemove invests USD65 million to build new plant in Coahuila, Mexico
    According to a report published by Mexiconow on 22 September 2022, HL Klemove has announced the construction of its new plant in the municipality of Arteaga, Coahuila, Mexico. The report said that the new plant in Mexico will lead to the generation of more than 500 jobs with an investment of USD65 million. According to the Korean company, operations in Mexico will improve service to its two main North American clients, Hyundai Motors and Kia. Yoo Ho Kim, the company's president, noted that th...
    Hydro to expand aluminum extrusion capacity at Rackwitz plant by 12,000 tons per year
    Norwegian aluminum company Hydro announced via press release on 22 September that it will be investing USD10.6 million (EUR11 million) to add a third extrusion press at its plant in Rackwitz, Germany. According to the press release, the investment will increase the extrusion capacity at the plant by 12,000 tons per year. According to Hydro, the new press has a low carbon footprint thanks to its low-energy continuous aging oven as well as its equipment of an energy saving unit for its ingot...
    Ford breaks ground at BlueOval City, begins construction of its most advanced factory
    Ford Motor Company has officially broken ground at BlueOval City, the carmaker’s largest and most advanced auto production complex in its 119-year history, the company said on 23 September 2022. As the construction work at the 6-square-mile mega campus has begun, structural steel is erected less than one year after Ford and SK On announced their USD5.6 billion investment to build all-new electric trucks and advanced batteries for future Ford and Lincoln vehicles in West Tennessee, it said. ...
    General Motors plans to invest USD760 million at Ohio Propulsion Plant to produce EV drive units
    General Motors (GM) plans to invest USD760 million at its Toledo, Ohio propulsion manufacturing operations to prepare the plant for production of electric vehicle (EV) drive units, the company announced on 23 September 2022. The American carmaker said that the drive units produced at its Ohio Propulsion Plant will be used in future Ultium platform-based battery electric trucks, including the Chevrolet Silverado EV, GMC Sierra EV and GMC Hummer EVs. Notably, the Toledo Propulsion Systems will ...
    General Motors, Lithion to test application of recycled battery materials in new cell production
    Detroit automaker General Motors (GM) announced via a press release on 22 September that its investment arm GM Ventures had invested in Canadian recycling startup Lithion’s Series A funding round to support a future circular battery ecosystem partnership between the two companies. According to the press release, the two companies plan to: Validate Lithion’s recycling technology by testing the application of the recycled battery materials in new cell production Discuss the potentia...
    Pyrum, UNITANK to construct up to ten 20,000-ton tire recycling plants in the EU by 2030
    German tire recycling company Pyrum Innovations announced via press release on 19 September that it will be partnering with German operator of tank terminals UNITANK Betriebs- und Verwaltungs GmbH to set up up to 10 new tire recycling plants in the European Union by 2030. According to the press release, each of the plants will be equipped with a minimum of three pyrolysis reactors and have a recycling capacity of around 20,000 tons of end-of-life tires per year. The first of these new recy...
    Vianode plans to invest USD192.5 million in battery materials plant in Herøya, Norway
    Material supplier Vianode, which is owned by Elkem, Hydro, and Altor, plans to invest in its first industrial-scale plant for sustainable battery materials at Herøya in Norway, the company said in a statement on 21 September 2022. Vianode said that it has earmarked an investment of around NOK2 billion (USD192.5 million) to set up the said facility aimed at providing critical battery materials. “The decision is an important step towards establishing a complete battery value chain in Norway ...
    BASF inaugurates new electrocoat research center in Germany
    Global materials company BASF has inaugurated a new research center for electrophoretic dip coating at its headquarters in Münster-Hiltrup, Germany, it said in a press release on 22 September.   Mathias Schöttke, managing director BASF Coatings GmbH, said, “We invested EUR15 million in the new building at the Münster site. The health and safety of our colleagues is particularly important to us at BASF. This is why, during the planning stage, we have not only given high priority to t...
    Australian Government approves USD23 million in grants for domestic battery materials projects
    The office of the Minister for Resources and Northern Australia announced via press release on 16 September that the Australian government will be delivering USD23 million in grants to projects that will develop Australia’s critical battery materials processing and manufacturing industry. According to the release, the projects receiving the funding are: Alpha HPA Ltd is receiving USD10.3 million to add capabilities to its ‘HPA First’ ultra-pure aluminum chemical plant. The ultra-p...
    Eagle International, Pacific Goal to set up to new USD1.45 billion battery material plants in Zimbabwe
    Bloomberg reported on 16 September that the Zimbabwe government had approved a proposal by Hong Kong Eagle International Investment Holding Ltd. and Pacific Goal Investment Ltd. to set up a battery metals-oriented New Energy Special Economic Zone Industrial Park in Mapinga. According to the report, the two companies plan to set up a USD1 billion nickel-sulphate plant and a USD450 million lithium-salt plant to produce and supply materials for application in lithium-ion batteries from 2025. ...
    PT Vale, Huayou to set up new 60,000-ton MHP nickel refinery in Indonesia
    Indonesian mining company PT Vale announced via press release on 13 September that it will be partnering with Chinese mining company Zhejiang Huayou Cobalt to set up a nickel refinery in Sorowako, Indonesia. According to the press release, the plant will process nickel limonite ore (sourced domestically) using a High-Pressure Acid Leaching (HPAL) technology to develop Mixed Hydroxide Precipitate (MHP), a nickel intermediary product. The plant is expected to have an annual production capacity ...
    China’s Gotion High-Tech plans USD3.6 billion EV battery plant in Michigan, US
    Chinese electric vehicle (EV) battery maker Gotion High-Tech is planning to set up a USD3.6 billion battery plant in Michigan, US, according to a news report published by Reuters on 20 September 2022. The Reuters report has cited Detroit News as the original source of the story. Gotion’s planned battery plant in the US could generate about 2,000 new jobs over a period of 10 years, it said. Furthermore, it said that Gotion Inc, a subsidiary of China’s Guoxuan, plans to manufacture batte...
    onsemi expands SiC production facility in Czechia
    Chipmaker onsemi has inaugurated the expansion of its silicon carbide (SiC) manufacturing fab in Roznov, Czech Republic, it said in a press release on 21 September.    Simon Keeton, executive vice president and general manager Power Solutions Group at onsemi, said, “Together with our SiC boule production expansion in Hudson, NH, these increased SiC manufacturing capabilities enable onsemi to provide customers the critical supply assurance to meet the rapidly growing demand for SiC...
    Battery maker Sunwoda to invest USD3 billion to build 50-GWh battery plant in Zhejiang, China
    Sunwoda plans to build a 50GWh battery manufacturing plant in Yiwu, Zhejiang province, China with a total investment of CNY21.3 billion (USD3 billion), according to a news report published by CnEVPost on 20 September 2022. Citing a regulatory announcement by the company, the news report said that Sunwoda’s EV battery subsidiary, Sunwoda Electric Vehicle Battery Co Ltd (Sunwoda EVB), plans to sign an investment agreement with the Yiwu city government for its battery project. The planned...
    Constellium expands extrusion capacity at Czechia aluminum plant to 100,000 tons per year
    French aluminum company Constellium announced via press release on 15 September that it had expanded the production capacity of its aluminum extrusions plant in Decin, Czechia, to 100,000 tons of extruded products per year. According to the press release, the company had set up a new extrusion press, designed to manufacture structural extrusions and crash management systems for the automotive industry, and a new cast house, designed to increase the recycled content of the extrusions made...
    Hydro breaks ground on new 90,000-ton aluminum recycling plant in Hungary
    Norwegian aluminum company Hydro announced via press release on 2 September that it had started construction of a new aluminum recycling plant in Szekesfehervar, Hungary. According to the press release, the new facility is being developed to annually produce 90,000 tons of Hydro RESTORE, aluminum made locally from a combination of recycled pre-consumer scrap, recycled post-consumer scrap, and primary aluminum. Recycled aluminum alloy produced at the site will be supplied to the company’s ex...
    Salzgitter secures funding from German government for upcoming green steel plant
    German steelmaker Salzgitter announced via press release on 15 September that the state government of Lower Saxony and the German federal government had agreed to provide the company funding for its decarbonization plans. According to the agreement signed by the three entities, the state of Lower Saxony, the German Federal Republic, and Salzgitter will share the cost of the steelmaker’s SALCOS decarbonization project that will cut down the carbon emission intensity of the steel produced dra...
    thyssenkrupp to expand materials services division with new service center in Mexico
    thyssenkrupp has announced via press release on 19 September that the company is investing USD37 million to expand Materials Services division with the introduction of a new service center San Luis Potosí, Mexico. Olaf Voss, CEO of thyssenkrupp Materials de Mexico, said, “With the opening of the plant, we will be able to further expand our unique position in this pre-processing service in the Mexican market. We appreciate the good collaboration with the Secretariat of Economic Development ...
    Wolfspeed to set up new USD1.3 billion SiC plant in North Carolina
    US semiconductor manufacturer Wolfspeed announced via press release on 9 September that it will be setting up a new state-of-the-art silicon carbide (SiC) manufacturing plant in Chatham County, close to its existing materials plant in Durham, North Carolina. According to the press release, the plant, being designed to primarily produce 200mm SiC wafers, will allow the company to increase its SiC production by 10 times, supporting its strategy to expand into the silicon carbide semiconductor m...
    MAHLE Powertrain invests USD4 million to build new powertrain testing facility in Michigan, US
    MAHLE Powertrain plans to invest USD4 million in setting up a new powertrain testing facility in Plymouth, Michigan, with an intent to help automakers in vehicle development amid the rapid shift to electrified vehicles, the company said on 16 September 2022. The company said that the new powertrain dynamometer facility will be capable of supporting full powertrain development, from the testing and calibration of individual drive components to the complete driveline systems of complex 4WD vehi...
    Suzuki invests in automotive software company Applied EV
    Suzuki Motor Corp has announced an investment in Applied Electric Vehicles, it said in a press release on 12 September. This investment will help the Australian company accelerate software development for next-generation mobility. The investment in Applied EV will help realize synergies like manufacturing and new business models. Applied EV manufactures a vehicle control system called the Digital Backbone. It enhances the vehicle’s overall software capability, reduces hardware complexity, a...
    Generals Motors to invest USD491 million to set up new body panel press lines for EVs in Indiana
    Detroit automaker General Motors announced via press release on 15 September that it will be investing USD491 million in its metal stamping plant in Marion, Indiana, to install new equipment necessary for the production of electric vehicle (EV) body panels. According to the press release, the investment will be used to install two new press lines, to install new press and die upgrades, to renovate the plant, and to construct a 6,000-square-foot addition at the plant. Steel and aluminum stampe...
    Koch Industries to support Compass Minerals’ Utah lithium project with USD252 million investment
    US mining company Compass Minerals announced via press release on 14 September that Koch Minerals & Trading, LLC (KM&T), a subsidiary of Koch Industries, Inc., had agreed to invest USD252 million to support the Phase-1 development of its 2.4-million-ton lithium carbonate equivalent (LCE) Great Salt Lake brine project in Utah, US. According to the press release, the investment, made through the purchase of 6.8 million of Compass Minerals’ common stock shares, will be used to drive th...
    ABB E-mobility expands EV charger manufacturing operations in the US
    ABB E-mobility plans to expand its EV charging equipment manufacturing operations in the US with a new facility in Columbia, South Carolina, the company announced on 14 September 2022. While the company did not disclose the amount of new investments it plans to make in the new US facility, it said that the multi-million-dollar investment will increase production of EV chargers, including Buy America Act compliant ones, and create over 100 jobs. ABB E-mobility’s new plant is slated to produc...
    Toray expands Airlite interior insulation business with new facility in Czech Republic
    Toray’s subsidiaries Toray Textiles Central Europe s.r.o. (TTCE) and Toray Advanced Materials Korea Inc. (TAK) has announced that the company expanded its Airlite automotive interior sound acoustic insulation business with new facilities in Czech Republic, it said in a press release on 15 September. According to the press release, Airlite is a lightweight polypropylene and polyester melt-blown non-woven sound-absorbing textile. Melt-blowing sprays melted polymers through nozzles to generate...
    EV charging data startup Stable completes Series A round
    Electric vehicle (EV) charging data analysis platform Stable has completed its Series A funding round, it said in a press release on 14 September. The round was led by Congruent Ventures with participation from Homecoming Capital and Ironspring Ventures, along with seed investors Trucks Venture Capital, Ubiquity Ventures, E14 Fund, Ahoy Capital, Upside Partnership, Qasar Younis, and others, bringing total funds raised to USD14 million. “Stable’s Machine Learning models help financial inst...
    Ford begins operations at new Global Technology and Business Center in Mexico
    Ford has announced that it began operations at its new global Technology and Business Center (GTBC) in Naucalpan, State of Mexico, MexicoNow reported on 13 September.   Significance: This campus will consist of corporate offices focused on information technology activities and processes, supply chain, engineering, and human resources, as well as capabilities for software development, data analytics, and automation efforts. The development underlines the automakers’ commitment to c...
    EconCore installs new production line for recycled polyethylene terephthalate honeycombs
    EconCore Group has announced that it installed a new production line for its lightweight honeycombs based on recycled polyethylene terephthalate (RPET), it said in a press release on 12 September. Tomasz Czarnecki, COO at EconCore, said, “The demand for development of sustainable material solutions is very evident these days and it runs through the DNA of EconCore. Over the past years we have been extending the range of applications of our PP honeycomb technology where its cost and weight e...
    Brose doubles capacity at its center for measuring electromagnetic compatibility, Würzburg, Germany
    Brose has announced that the company doubled its capacity at the center for measuring electromagnetic compatibility (EMC) with an investment of EUR1.5 million (USD1.49 million) in Würzburg, Germany, it said in a press release on 26 August. Rainer Deboy, Head of Testing Technology Electronics at Brose, said, “For eight years, Brose has been operating an officially accredited EMC test center in Würzburg for these measurements. Following an expansion in 2018, the supplier has now doubled its...
    Bosch to setup new R&D facility to develop, test future automotive technology in Hungary
    According to a report published by Hungarian Investment Promotion Agency on 12 September 2022, the foundation stone was laid at Bosch's new 3,500 square meter building complex in Zalaegerszeg, Hungary. The new facility will house 200 engineers tasked with researching and testing technology linked to autonomous driving, e-mobility, and artificial intelligence (AI). The EUR11.4 million (USD11.5 million) project will be carried out in close proximity to ZalaZone, Hungary's signature testing grou...
    Sortera Alloys to expand Indiana recycling facility to process more scrap
    Aluminum recycling startup Sortera Alloys has announced plans to expand its Indiana, US facility to further increase capacity output to process 150 million lbs. of scrap alloy annually, according to a press release published by PRNewswire on 7 September. Michael Siemer, CEO, Sortera Alloys, said, "The new facility represents a significant milestone for Sortera as we look to scale our operations and capture a large chunk of the 4 billion lb. of scrap alloy that is currently sent overseas. This...
    Thyssenkrupp to set up USD2 billion green steel raw material plant in Duisburg
    German steel company Thyssenkrupp announced via press release on 8 September that it its Executive Board had released capital resources required for the construction of the company’s new USD2 billion iron direct reduction plant (DRI) plant in Duisburg, Germany. According to the press release, the DRI plant will have a sponge iron capacity of 2.5 million tons, enough for the production of over 2 million tons of low-CO2 premium steel at its downstream furnaces at Duisburg. Significanc...
    Lion Elastomers to invest USD22 million to expand synthetic rubber capacity at Louisiana plant
    US manufacturer of elastomeric polymers Lion Elastomers announced via press release on 31 August that it will be investing USD22 million to set up a new multi-level production building housing two new finishing lines at its Geismar ethylene propylene diene monomer (EPDM) rubber manufacturing plant in Ascension Parish, Louisiana, US. Lion Elastomer’s Director of Process Technology and Optimization Steve Isaacs discussed the investment decision, stating, “Louisiana and Ascension Parish are ...
    EV charging startup EnviroSpark completes Series A funding round
    EnviroSpark has completed its Series A funding round led by Ultra Capital, it said in a press release on 8 September. The funding will be used for expanding its EV infrastructure. The startup has an existing footprint of more than 5,000 chargers installed across the United States and Canada. “EnviroSpark is increasing charging accessibility and will continue its growth in the multifamily and commercial property space, further positioning itself as a strategic leader in the industry. With th...
    EKPO Fuel Cell Technologies expands operations in China, establishes a local subsidiary
    EKPO Fuel Cell Technologies GmbH plans to significantly expand its operations in the world’s largest electric vehicle (EV) market, China. The Germany-headquartered company, which is a joint venture (JV) between ElringKlinger and Plastic Omnium, has established a local subsidiary in China by signing a joint declaration with the local government of Suzhou (SND), it said in a media note issued on 6 September 2022. The signing ceremony was attended by the government representatives from SND as ...
    Mitsui to set up new 120,000-ton high-performance elastomer plant in Singapore
    Japanese chemical manufacturer Mitsui Chemicals announced via press release on 30 August that it plans to set up a new plant in Singapore for manufacturing of its proprietary TAFMER™ high-performance elastomer. According to the press release, set up of the new 120,000-ton plant will bolster the capacity of its subsidiary (Mitsui Elastomers Singapore Pte Ltd) in the region that currently operates a 225,000-ton capacity plant producing the same material. Construction of the new plant is ex...
    Tokai Carbon to set up new 180,000-ton carbon black plant in Rayong, Thailand
    Japanese company Tokai Carbon announced via press release on 5 September plans to set up a new carbon black manufacturing plant in Rayong, Thailand. According to the press release, construction of the new 180,000-ton carbon black plant will start in July 2023 and is projected to be completed by April 2025. Tokai is expected to invest USD271 million (expected to be obtained through existing cash, borrowings from financial institutions, and issuance of new bonds) to set up the new plant. ...
    Bridgestone to invest additional USD52 million to expand capacity at Brazil tire plant
    Newspaper O Povo reported on 5 September that Japanese tire manufacturer Bridgestone will be investing USD52 million (BRL270 million) to modernize and expand the capacity of its tire manufacturing facility in Camaçari, Bahia. According to the report, the investment, involving the implementation of new industrial technologies including manufacturing systems that use artificial intelligence to increase line productivity, will enable the company to expand the production of tires for the hybrid ...
    L&F to invest USD483 million to set up new cathode active material plant in Korea
    The Korea Herald reported on 22 August that Korean battery materials manufacturing company L&F will be investing USD483 million (KRW650 billion) over the next two years to set up a new battery cathode active material production line in Daegu, Korea. According to the press report, the new line will produce nickel-cobalt-manganese-aluminum (NCMA) battery cathodes with a nickel content higher than 90%. The company also plans for the new facility to produce next-generation “single crysta...
    ProLogium Technology earmarks USD8 billion for its first overseas battery plant
    Taiwan-based battery company ProLogium Technology Company Ltd, which is known for developing next-generation solid-state batteries, has appointed Accuracy, a global independent financial and strategic consulting firm, to advise the former on the location of its first major overseas battery Gigafactory, the company said on 5 September 2022. ProLogium is planning to set up its first overseas Gigafactory either in Europe or in the US with an estimated budget of USD8 billion, that will be investe...
    Micron to invest USD15 billion to build memory manufacturing plant in Idaho, US
    According to a press release announcement on 1 September 2022, Micron Technology has planned to invest around USD15 billion through the end of the decade to construct a new fab for memory manufacturing in Boise, Idaho, US. This will be the first new memory manufacturing facility to be constructed in the US in 20 years, ensuring the domestic supply of memory needed for market segments like automotive and data centers, driven by the adoption of artificial intelligence and 5G. ...
    Redwood Materials plans new battery recycling facility in Europe, Germany top contender
    US based battery material recycling company Redwood Materials is evaluating the option of setting up a material recycling unit in Europe and Germany is the top contender for the facility, according to a news report published by the German newspaper Handelsblatt on 2 September 2022. The news report learned about the development from three people familiar aware of the matter, it said. The company, which is led by the ex-Tesla CTO JB Straubel, could invest billions of dollars in the project and ...
    Startup Adden Energy gets grant for technology license from Harvard to scale solid-state battery technology
    Adden Energy has received a grant of exclusive technology license by Harvard University’s Office of Technology Development (OTD), it said in a press release on 1 September. It has also raised USD5.15 million in seed round financing. Primavera Capital Group led Adden Energy’s seed round, with participation by Rhapsody Venture Partners and MassVentures. The license and venture funding will allow the startup to scale Harvard’s laboratory prototype toward commercial deployment of solid-stat...
    POSCO sets up new 7,000-ton EV battery recycling plant in Poland
    Korean company POSCO announced via press release on 1 September that it had completed construction of a secondary battery recycling plant in Brzeg Dolny, Poland. According to the press release, the plant, running proprietary recycling technology developed by Korean company SungEel HiTech, will process pre-consumer battery scrap sourced from Europe to produce 7,000 tons of black mass powder annually. The company plans to ship the black mass to POSCO HY Clean Metal (a joint venture set up betwe...
    Connected car startup OVO Automotive raises USD3.5 million in funding round
    OVO Automotive has raised USD3.5 million in funding, CTech reported on 1 September. The investment round was led by Regah Ventures and angel investors, including a partner in Benchmark Capital, Venture Capital Fund from Silicon Valley, and former Skype CEO Michael Van Swaaij. The startup will use the funding to develop a cloud-based solution in collaboration with other automotive partners. It is a software-as-a-service (SaaS) solution that streams apps from the cloud platform directly into th...
    Piedmont to set up new 30,000-ton lithium hydroxide plant in Tennessee
    US lithium company Piedmont Lithium announced via press release on 1 September that it will be setting up a 30,000-ton lithium hydroxide refining plant in Etowah, Tennessee, US. According to the press release, the plant will convert spodumene concentrate sourced from Piedmont’s international lithium extraction projects into battery-grade lithium hydroxide from 2025. The plant will utilize Metso Outotec’s refining technology that allows the elimination of the spodumene acid leaching p...
    SK ecoplant invests USD50 million in US-based battery recycler Ascend Elements
    American battery materials manufacturing company Ascend Elements announced via press release on 1 September that it received a USD50-million strategic investment from South Korean construction engineering company SK Inc. According to the press release, the investment is expected to help the recycling company accelerate the commercialization of its Hydro-to-Cathode™ direct precursor synthesis process technology that transforms recycled batteries and manufacturing scrap into precursor and cat...
    Škoda Auto plans to launch three new all-electric cars by 2026
    Škoda Auto plans to launch at least three new all-electric models by 2026, the Czech carmaker announced on 30 August 2022. “Škoda Auto will have three new all-electric models on the market as early as 2026, with more to follow,” the company said on the sidelines of unveiling its new brand identity as part of its NEXT LEVEL – ŠKODA STRATEGY 2030. It further said that the Volkswagen-owned brand is targeting contribution of electric vehicle (EV) sales to more than 70% of its o...
    SK Siltron opens new manufacturing facility in Michigan, US
    SK Siltron CSS, a semiconductor wafer manufacturer has announced the opening of its new manufacturing facility in Bay City, Michigan, US, according to a press release on 1 September 2022. The new facility is part of a USD300-million expansion announced by the company in July 2021, with the assistance of the Michigan Economic Development Corporation. In the coming years, the development will double the company's Michigan workforce and triple its manufacturing capacity. SK Siltron CSS will t...
    UK-based startup Anaphite secures USD4.8 million in seed plus funding round
    Bristol-based startup Anaphite has announced that it has successfully raised GBP4.1 million in seed round funding, according to a company report published on 25 August 2022. The round was led by Elbow Beach Capital, and with participation from Silicon Roundabout Ventures, Wealth Club, Blue Wire Capital, OION, Zero Carbon Capital, and Deeptech Labs. Cofounders Alex Hewitt and Sam Burrow started the company in 2018 while they were students at Bristol University. “30% of an EV’s cost...
    Rio Tinto to invest USD29 million to set up new aluminum recycling center in Quebec
    Anglo-Australian mining company Rio Tinto announced via press release on 26 August that it will be investing USD29 million to set up a new aluminum recycling facility at its Arvida plant in Saguenay-Lac-Saint-Jean, Quebec, Canada. According to the press release, the facility will recycle post-consumer scrap sourced from used vehicles and construction materials into material that will be used for the manufacturing of aluminium billets at the smelter. The billets with a recycled aluminium conte...
    Toyota Motor Corporation lines up USD5.6 billion to produce EV batteries in Japan, US
    Japan’s largest carmaker Toyota Motor Corporation has lined up an investment of JPY730 billion (about USD5.6 billion) for producing electric vehicle (EV) batteries in Japan and the US, the company said on 31 August 2022. The announcement comes at a time when Toyota is looking to put together its battery supplies to support its midterm EV production plan in its home market as well as in the US. “This investment is aimed at enabling Toyota to flexibly meet the needs of its various customers...
    Honda plans USD310 million pilot production line for solid-state batteries in Japan
    Honda Motor Company plans to invest JPY43 billion (USD310 million) to set up a pilot production line for all-solid-state batteries at its Sakura-based research center in Japan, according to a news report published by the news agency Nikkei Asia on 31 August 2022. The pilot production line is slated to start in spring 2024 and the project aims to assess the technical issues regarding performance and mass production of the next-generation battery technology. The news report further stated ...
    EV charging startup SparkCharge raises USD7 million in Series A round
    SparkCharge has raised USD7 million in an extended Series A round, Electrek reported on 29 August. Cleveland Avenue, a Chicago-based venture fund led the investment round. SparkCharge will use the funds to expand its on-demand services in different cities in California. “Expanding the Currently app into new cities is a pivotal moment for SparkCharge as we help solve charging difficulties faced by the rapidly increasing number of EV owners. Cleveland Avenue is a stellar partner that believes...
    Lidar startup Cepton receives USD100 million investment intent from Koito Manufacturing
    Cepton has announced that it has received a non-binding Letter of Intent for an investment of up to USD100 million from its long-term automotive tier-1 partner and current shareholder, Koito Manufacturing, according to a press release on 30 August 2022. This investment in Cepton would be Koito's third since 2020 and is evidence of both firms' steadfast commitment to boosting mass-market lidar deployments as well as the success of their four-year-old cooperation. Consummation of any such in...
    Bridgestone to commercialize guayule-derived tire rubber with USD42 million investment
    Tire manufacturer Bridgestone Americas announced via press release on 29 August that it had decided to invest an additional USD42 million to commercialize the production of natural rubber made from evergreen desert shrub guayule. According to the press release, the investment will involve: Collaborating and partnering with local US farmers and Native American tribes to increase the planting and harvesting capacity of guayule by up to 25,000 additional acres of farmland Establishi...
    H2 Green Steel raises USD190 million in Series B funding round
    Swedish green steel startup H2 Green Steel (H2GS) announced via press release on 29 August that it had secured a total of USD190 million (EUR190 million) in the first close of the Series B equity financing round. According to the press release, investments in the latest round were provided by new investors AMF, GIC, Schaeffler, Swedbank Robur Alternative Equity, as well as existing investors Altor Fund V, Vargas, Kingspan, FAM, Marcegaglia, IMAS Foundation, Investment AB Kinnevik principal ow...
    LG Chem to set up new 3,200-metric-ton carbon nanotube plant in South Korea
    Korean chemical company LG Chem announced via press release on 30 August that it will be setting up a new 3,200-ton single-line carbon nanotube (CNT) production plant in its Daesan Complex, located 80 kilometers southwest of Seoul. According to the press release, the new plant, the company’s fourth CNT plant, will commence operations in the second half of 2024. The company has supplied the plant with new equipment that allows efficiencies related to improved fluidized bed reactor stability ...
    Software startup Xinlai Technology raises hundreds of millions of renminbi in financing round
    Xinlai Technology has raised hundreds of millions of renminbi in its latest financing round, it said in a press release on 17 August. The round was led by Legend Capital, followed by Xianghui Capital, Shougang Fund, C&D Emerging Investment, Shanghai Science and Technology Innovation Fund, Accurate Capital, Paradise Silicon Valley, Orange Leaf Investment, and existing shareholders CEC Core Technology Research and Investment Fund, Linxin Investment, Zhongguancun Xinchuang Fund, Xiaomi Cha...
    Hankook to double capacity at Tennessee tire plant with USD1.6-billion investment
    Rubber News reported on 29 August that South Korean tire manufacturer Hankook’s board of directors had approved a USD1.6-billion investment to expand capacity at the company’s tire plant in Clarksville, Tennessee, US. According to the report, the investment will allow the company to double production capacity of light vehicle tires (passenger and light truck) at the site from 5.5 million to 11 million. The company additionally plans to use the investment to set up a production line with a...
    Hastings to acquire a 22.1% stake in rare earths refiner Neo Performance Materials
    Australian mining company Hastings Technology Metals announced via press release on 26 August that it had acquired a 22.1% strategic shareholding in Canadian company Neo Performance Materials through a USD104-million cornerstone investment by Wyloo Metals in the company. According to the press release, the transaction is expected to provide Hastings with exposure to Neo’s rare earth separation and magnetic materials business, as well as a platform to explore the utilization of Hastings...
    Kumho Petrochemical to invest USD2 billion to expand its eco-friendly vehicle materials business
    South Korean synthetic rubber manufacturer Kumho Petrochemical announced via press release on 6 June that it planned to invest USD4.8 billion over the next five years in new projects, with USD2 billion specifically for the development of new materials for the growing eco-friendly vehicle market. According to the press release, while the company plans to invest USD2.8 billion to strengthen the competitiveness of its core synthetic rubber latex business, it plans to invest the remaining US...
    Automotive software startup NISAR raises tens of millions of yuan in angel financing round
    Manhe Technology (Nanjing), also known as NISAR, has raised tens of millions of yuan in an angel financing round, all of which was exclusively invested by Chengwei Capital, it said in a press release on 26 August. Th startup offers intelligent driving platform-based tools and basic software in mainland China. “Our strong team has long been committed to cutting-edge mass production projects alongside forward-looking scientific research efforts, in line with our love and passion for intellige...
    Baidu-backed DeepWay secures over USD67 million in Series A financing
    DeepWay, a company that develops and manufactures intelligent electric vehicles (EVs) has announced that it had successfully raised CNY460 million in Series A financing, according to a press release on 23 August 2022. DeepWay completes its first round of outside funding, setting a new benchmark for the smart electric commercial vehicle industry. DeepWay will continue to support R&D, production, and manufacture of smart electric commercial vehicles, refining and iterating autonomous drivin...
    GAC Motor plans to invest USD1.6 billion on EV batteries
    Chinese state-owned carmaker Guangzhou Automobile Group Company Ltd. (GAC Motor) plans to invest CNY10.9 billion (USD1.6 billion) on electric vehicle (EV) batteries as part of larger strategy that also entails setting up an EV battery subsidiary, according to a news report filed by a local media news publication Caixin Global on 26 August 2022. The new report quoted a company announcement that was released in the local language. The news report also pointed out that the new development is the...
    Exlabesa to manufacture aluminum profiles for e-mobility applications with new 71 MN press
    German industrial machinery manufacturing company SMS Group announced via a press release on 8 August that it had been awarded a contract for the supply of a 71 MN short-stroke extrusion press by aluminum profile manufacturing company Exlabesa. According to the press release, the press will be installed by Exlabesa at its Padron site in Spain and will produce aluminum profiles using recycled billets primarily for the e-mobility market from 2024. Exlabesa founder Francisco Quinta discussed ...
    Salzgitter partners with Primetals to set up new EAF green steel plant in Germany
    German steel manufacturer Salzgitter announced via a press release on 24 August that it had signed a contract for the engineering, supply, and erection of an electric arc furnace (EAF) with British engineering company Primetals Technologies. The contract includes the setup of ancillary modules such as dust extraction units including heat recovery, water management, electrical compensation to stabilize the network, and material handling equipment for alloying agents and additives. Acco...
    UK government announces USD23.6 million funding to increase EV chargepoints
    The government of the United Kingdom has, on 24 August, announced a GBP20 million (USD23.6 million) funding to increase accessibility to chargepoints throughout the country. The funding comes from a government-industry partnership. Using the Local EV Infrastructure (LEVI) pilot scheme, local authorities and industry collaborate to create new, commercial EV charging infrastructure including fast on-street chargepoints and petrol station-style charging hubs. Significance: The funding is expe...
    Hyundai Motor Group to invest in startup BOS Semiconductors
    Hyundai Motor Group has announced its investment in BOS Semiconductors, a fabless startup based in Korea that designs system-on-chip (SoC) solutions, according to a press release on 24 August 2022. The Group intends to work with numerous chip businesses and continue looking for various automotive-related semiconductor technologies after making this investment to obtain competitive automotive semiconductors. The Group used the second fund of its ZER01NE open innovation platform, which it es...
    Startup Lumotive secures strategic funding round led by Samsung Ventures
    Lumotive, a lidar technology startup, has secured a round of strategic funding led by Samsung Ventures, according to a press release on 24 August 2022. New, strategic investors including Himax Technologies Inc., Bill Gates, Quan Funds, and MetaVC Partners also contributed to the investment. The funding will be used by Lumotive to hasten the creation of optical semiconductor devices for the upcoming generation of lidar sensors as well as their customer delivery. Currently, more than two doz...
    Hyundai Motor plans to accelerate construction of electric car and battery plant in the US
    South Korean carmaker Hyundai Motor Company looks to speed up the construction of its dedicated electric vehicle (EV) plant in the US amid a new US regulation, the Inflation Reduction Act, that excludes all electric cars that are not built in North America from the tax credits, according to a news report published by Yonhap News Agency on 24 August 2022. The news report cited industry sources who are aware of the new developments at Hyundai. Hyundai is looking to start the construction of its...
    Samsung Electronics establishes new Semiconductor R&D complex in Giheung, South Korea
    Samsung Electronics has established a new semiconductor research and development complex in Giheung, Korea, aiming to extend its leadership in semiconductor technology, according to a press release on 19 August 2022. The project will take up an area of approximately 109,000-square-meters on Samsung Electronics' Giheung site, and the company aims to invest nearly KRW20 trillion there by 2028. A long-term roadmap will be used to guide the development of novel new technologies as well as advance...
    PPG to expand powder coatings production capacity in Mexico
    PPG has announced that it will invest USD11 million to double powder coatings capacity in its San Juan del Rio, Mexico facility, it said in a press release on 23 August. Guillermo Peña, PPG director, Industrial Coatings, Mexico, said, “With this investment, the plant will have new, state-of-the-art manufacturing technology, enhancing production practices and process flow. It will further improve the plant's productivity and benefit our customers with improved service levels and faster resp...
    SK Geocentric, SABIC to build functional copolymer material plant in South Korea
    SK Geocentric Co., a chemical division of the SK Group along with its Saudi Arabia-based partner SABIC have announced plans to expand functional copolymer facility in Ulsan, South Korea, according to a press release published by SABIC on 23 August. Sami Al-Osaimi, VP of PE & Sales, SABIC, and Board Chairman for SSNC said, “We have identified a strong trend towards customized and high-performance polyolefins, especially metallocene polyethylene materials, in several important new technol...
    Tire recycling startup LD Carbon raises USD15 million in Series A funding
    Newspaper News1 Korea reported on 16 August that tire recycling startup LD Carbon (LDC) has raised USD15 million during a Series A investment round. According to the press release, companies that participated in the round and invested in the company include Value Systems Asset Management, Korea Investment Securities and Pentastone Investment & Elohim Partners. The capital raised during the investment round is expected to be used by the company to set up of a 30,000-ton pyrolysis-b...
    DuPont plans to expand semiconductor facility in Delaware, US
    DuPont Semiconductor Technologies, unit of DuPont Electronics & Industrial has announced that it has planned an USD50 million expansion for its semiconductor-related business site in Glasgow Delaware, US, according to a report published by Delaware Business Now on 22 August. The Delaware Council on Development Finance granted DuPont's request. A grant of roughly USD1.6 million will be provided by the state's Strategic Fund. DuPont must meet employment targets to receive the award. DuPo...
    Covestro to build polycarbonate recycling facility in China
    Materials company Covestro has broken ground to build a new dedicated EUR27 million (USD27.37 million) line for the mechanical recycling (MCR) of polycarbonates at its integrated site in Shanghai, China, it said in a press release on 19 August. Sucheta Govil, chief commercial officer, Covestro, said, "The MCR production line is another exciting step we have taken to fulfill our commitment toward a circular economy and achieve our goal to become operational climate neutral by 2035. Recycling p...
    Sumitomo to expand advanced tire production capacity in response to turbulent global trading conditions
    The European Rubber Journal reported on 16 August that Japanese tire manufacturing company Sumitomo will be increasing the production capacity of “advanced tires” at its Miyazaki plant in Japan and its factories in Turkey, China, and Thailand. According to the news report, the decision to increase capacity was driven by rising materials, shipping, and energy costs caused by turbulent global trading conditions. As part of the capacity expansion plans, the company will: Increase pr...
    General Motors, LG Energy JV plans to build fourth battery factory in the US
    The EV battery joint venture of General Motors and the South Korea’s LG Energy Solution (LGES) is evaluating a potential site in Indiana, US to build the fourth battery manufacturing facility, a Reuters news report published on 18 August 2022 said, citing a spokeswoman from Ultium Cells LLC. “Ultium Cells is developing a competitive business case for a potential large investment that could be located in New Carlisle, Indiana," the news report said, quoting the spokeswoman. It also added t...
    Ningbo Shanshan to set up 200,000-ton anode material plant in Sichuan, China
    Newspaper Caixin Global reported on 3 August that Chinese battery materials maker Ningbo Shanshan will be investing USD1.2 billion (CNY8 billion) to set up a 200,000-ton battery anode plant in Southwest China’s Sichuan province. According to the filing by the company on the Shanghai Stock Exchange, the investment will allow the company to increase its anode production capacity to levels sufficient to meet future demands for the material. The site will be set up by a subsidiary of the com...
    Cybersecurity startup TXOne Networks raises USD70 million in Series B round
    TXOne Networks has entered into definitive agreements in connection with its Series B financing to raise USD70 million, it said in a press release on 18 August. The funding will be used to expand TXOne Networks' business and develop solutions against cybersecurity threats. “TXOne Networks’ highly adaptable, OT-native cybersecurity solutions for ICS are proving uniquely up to the task of helping enterprises safeguard operations from known and unknown threats, comply with regulatory require...
    Great Wall Motor plans to build semiconductor production facility in Jiangsu, China
    The Chinese automaker Great Wall Motor has announced that it has entered into a strategic collaboration agreement with the Jiangsu province's Xishan Economic and Technological Development Zone to open a new semiconductor production facility, according to a report published by Pandaily on 17 August 2022. With a total investment of CNY3.8 billion (USD560.4 million), the headquarters of Wuxi UtmoLight Technology Co., Ltd., as well as a perovskite innovation industrial base project and the third-...
    SAIC opens new AI Center in Shanghai, China
    SAIC Motor has announced on its social media platform on 16 August 2022 that it has inaugurated a new SAIC AI Lab in Lingang, Shanghai, China and launched its latest high-level autonomous driving 2.0 technology architecture. The architecture, independently developed by SAIC AI Lab, integrates a mass-market next-generation multisensor deep fusion solution and supports remote driving control systems. It has a large field of view, accurate sensing, and the capacity to handle long-tail scenarios. ...
    Anglo-Korean battery company Eurocell EMEA to build gigafactory in the Netherlands
    Anglo-Korean next-generation battery company Eurocell EMEA, which is headquartered in Birmingham, UK, has chosen Netherlands to build its first Gigafactory in Europe, according to a news report published by The Korea Herald on 18 August 2022. The news report cited a company announcement made on Thursday. It said that the company has been in talks with the Netherlands authorities to select the nation as the preferred site for its first European gigafactory. Eurocell EMEA plans to invest USD800...
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