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    Altilium Metals commences construction of its EV battery recycling plant in Plymouth, UK
    Altilium Metals, a UK-based clean technology company, started construction of the country's first at-scale electric vehicle battery recycling facility with integrated chemical refining capabilities in Plymouth, Devon. This ACT 3 scale-up plant aims to position the UK as a leader in sustainable battery materials production, enhancing industrial resilience, energy security and economic growth. The facility will recover critical minerals such as lithium, nickel and graphite from 24,000 EVs ...
    News
    Hyundai and Posco to collaborate on low-emission steel and battery material sourcing
    Hyundai Motor Group and Posco Group have signed a memorandum of understanding (MOU) to collaborate in the steel and battery sectors, aiming to enhance their global competitiveness. The agreement, signed in Seoul, South Korea, focuses on boosting Hyundai's resilience to the rapidly changing global market and strengthening Posco's position as a supplier of automotive steel and key battery materials. A significant aspect of this collaboration is Posco's planned equity investment in Hyundai ...
    News
    Novem invests over $15.5 million in expansion of Mexican plant
    Novem Car Interior Design, a Germany-based company known for its design products and interior solutions, plans to invest over $15.5 million to expand its plant located in Querétaro, Mexico. The expansion is expected to create 150 specialized jobs and is aimed at enhancing production capabilities at the Querétaro Industrial Park facility, where Novem produces decorative interior components for vehicles. Novem has established itself in Querétaro to capitalize on serving the North American au...
    News
    LG CNS and New York City enhance smart city with advanced EV chargers
    LG CNS, a company specializing in AI transformation, is collaborating with New York City to enhance its smart city capabilities by installing advanced electric vehicle chargers at the Brooklyn Army Terminal. This initiative is in partnership with Matcha, a Boston-based startup focused on EV charging solutions. The installation, which is now complete, will be available through December 2025, aiming to make sustainable transportation more accessible in New York. LG CNS is also developing a mobi...
    News
    Terawatt Infrastructure launches EV charging hub near US container ports
    Terawatt Infrastructure has announced the opening of its fully operational medium- and heavy-duty electric vehicle charging hub in Rancho Dominguez, California. This facility, strategically located 12 miles from the ports of Long Beach and Los Angeles, aims to support electric trucking fleet operations linked to the largest US container ports. The site is designed to cater to multiple fleets and features 20 DC fast-charging stalls with a capacity of 7 MW, capable of servicing up to 125 trucks...
    News
    EzUrja to build India's largest EV charging hub in South Kolkata
    EzUrja is constructing India's largest single-site electric vehicle charging hub in the Thakurpukur area of South Kolkata, expected to house 300 chargers. This facility will become the second largest in the world, following mainland China's hub with 650 chargers. The project is set to serve Snap-E's electric cab fleet and will feature both fast and slow chargers. The chargers are locally manufactured at EzUrja's Himachal Pradesh unit, with fast chargers making up about 20% of the total. The h...
    News
    Leapmotor, Stellantis plan to commence production in Malaysia by end 2025
    Leapmotor and Stellantis are set to commence production of the Leapmotor C10 sport utility vehicle in Malaysia by the end of 2025. The Leapmotor C10 will be produced at Stellantis' existing plant in Malaysia with an initial investment of €5 million. The production of Leapmotor's vehicles in Malaysia will start in 2025 after European production began in 2024. Stellantis, Europe's second-largest automaker by volume, announced the launch of a localized assembly project in Malaysia wi...
    News
    South Korean battery firms rethink partnerships with mainland Chinese companies amid rising geopolitical tensions
    South Korean battery firms are reconsidering joint ventures with mainland Chinese companies amid rising geopolitical tensions and market uncertainties, a Business Korea report said on April 17, citing industry sources. According to the report, LG Energy Solution has postponed plans to establish a battery recycling JV with mainland China's Huayou Cobalt. The plan was to set up processing plants in Nanjing and Quzhou in mainland China, with construction starting in the latter half of 2023 and o...
    News
    BASF Cellasto invests €60 million to establish a second plant in China
    Cellasto, a prominent player in noise, vibration and harshness (NVH) components, has announced a significant expansion in the Chinese market with an investment of approximately €60 million to establish a second plant in Shanghai. This new facility is set to cater to the rapidly growing electric vehicle market in China and is expected to increase production capacity by nearly 70% when operations begin in 2027. A ceremony was held on April 14 to mark the commencement of this expansion. Martin...
    News
    Seojin Mobility invests $160 million in new facility in Mexico
    Seojin Mobility has inaugurated the first phase of its auto parts plant in Escobedo, Nuevo Leon, Mexico, according to a report by Mexico Now. The South Korean supplier invested $160 million in the plant, which will create 300 new jobs. The plant will produce components for electric motors to support electric mobility in the region. Seojin Mobility also announced the second phase of the project, with an additional investment of $140 million. The second phase is expected to be co...
    News
    Kongsberg Automotive inaugurates new production facility in India
    Kongsberg Automotive (KA) has inaugurated its new manufacturing facility in Faridabad, Haryana, India. The company moved its operation from a previous 5,946-square-meter facility, also in Faridabad, to this larger, 6,947-square-meter facility. The new facility will mainly produce KA’s Drive Control Systems (DCS) products, comprising cable gear shifters, steering columns, shift-by-wire shifters and shift towers, among others. The new facility also allows KA to expand its produ...
    News
    South Korea boosts semiconductor industry with $23.25 billion support package
    South Korea announced an increase in its support package for the country's critical semiconductor industry, raising the amount to 33 trillion won (about $23.25 billion), which marks a significant increase from the previously unveiled package of 26 trillion won, according to a report published by Reuters on April 15. This decision comes in the wake of growing policy uncertainty under the current US administration and increasing competition from mainland Chinese rivals. To address these chall...
    News
    MAN launches eTruck and eBus battery production in Nuremberg
    MAN Truck & Bus has initiated battery production for electric trucks (eTrucks) and electric buses (eBuses) at its Nuremberg, Germany, site, marking a significant advancement in the company's foray into electric mobility. The starting investment for this operation was about €100 million, which has now been increased by an additional €150 million to further develop battery technology and manufacturing capabilities. This includes producing battery modules and enhancing the value chain wi...
    News
    Lexus secures land in Shanghai to build a wholly-owned EV plant
    Lexus, the premium brand of Toyota, has recently acquired a significant plot of land in Shanghai's Jinshan district for the construction of its first electric vehicle plant in mainland China. The land, spanning approximately 1.13 million square meters, was acquired for 1.353 billion yuan (about $185 million), as confirmed by the Shanghai Public Resources Trading Center. This purchase was completed on April 1 and grants Lexus a 50-year term of usage for the land, specifically allocated for new...
    News
    Nio Power expands battery-swap network in Yunnan with new partnership
    Nio Power, the energy unit of Shanghai-based electric-car maker Nio, has partnered with a subsidiary of Yunnan Jiaotou Group Operation Development to construct battery-swap stations in Yunnan province, in southwest mainland China. This collaboration marks Nio's fourth partnership in a month with a state-owned enterprise to enhance battery-swap infrastructure. Announced on April 11 in Kunming, the strategic cooperation will focus on developing battery-swap facilities, smart energy mana...
    News
    Suffolk Council in the UK commissions 6,000 new EV charge points
    The Suffolk County Council in the UK has embarked on a significant project to improve electric vehicle infrastructure by installing new charging points across the region. This initiative is set to provide a mix of bollard-style units for long-stay or overnight charging at the kerbside, with drivers offered an overnight off-peak tariff and a dedicated resident's tariff for discounted charging. Furthermore, public car parks will be equipped with rapid and ultrarapid charging stations to facilit...
    News
    Intellihub Group acquires Engie's EV charging network in Australia and New Zealand
    Intellihub Group, through its subsidiary EVSE, one of the leading providers of electric vehicle charging solutions in Australia, has strategically acquired the Australian and New Zealand EV charging network from Engie, a global energy and services group. This acquisition has significantly expanded EVSE's public charging network by adding over 200 new locations, including high-traffic sites such as Chadstone, the largest shopping center in Victoria, Australia; and Chatswood Chase in Sydney, ...
    News
    Valeo inaugurates new manufacturing lines for EV technology in Pune, India
    Valeo has expanded its manufacturing operations in Pune, India, by inaugurating new advanced manufacturing and assembly lines, Autocar Professional reported April 4. This expansion is particularly geared toward the production of the 3-in-1 Combo unit, an innovative integrated solution for electric vehicles, which consists of onboard chargers, DC-DC converters and power distribution units. This move by Valeo is aimed at strengthening the local supply chains and contributing significantly to the g...
    News
    Nuro secures $106 million funding at $6 billion valuation
    Nuro, an autonomous driving technology startup, announced a valuation of $6 billion after securing $106 million in its most recent funding round, supported by T Rowe Price Associates, Fidelity Management and Research, Tiger Global, Greylock Partners, and XN, in a report published by Reuters on April 9. The valuation marks a decrease from its last funding round over three years ago, which valued Nuro at $8.6 billion during a venture-capital boom. The adjustment in valuation follows a peri...
    News
    Siemens invests C$150 million in Canada for new AI-powered battery R&D center
    Siemens has announced a significant investment of C$150 million over the next five years to establish a Global AI Manufacturing Technologies Research and Development Center for Battery Production in Canada. This initiative will be primarily located at Siemens Canada's head office in Oakville and will extend operations to Toronto and Kitchener-Waterloo, Ontario. The new R&D center is poised to specialize in the development of cutting-edge AI manufacturing technologies, with a specific focu...
    News
    Barrell Energy seeks expansion in Texas lithium brine sector with Series A funding round
    Barrell Energy Inc. has initiated a Series A funding round for its portfolio company, Barrell Lithium LLC, aiming to significantly expand its land position within the Smackover lithium brine play in East Texas, US. This move follows a successful seed funding round completed in November 2024, and plans to extend its leasehold to about 40,000 acres. Kirk Barrell, president of Barrell Energy, highlighted the acquisition of additional acreage across three core prospect areas post-seed fundin...
    News
    Brighton launches UK's largest on-street EV charging initiative
    A significant electric vehicle charging project has been announced in Brighton, which is being touted as the largest on-street installation of EV chargers in the UK. Char.gy is set to install over 6,000 kerbside chargers for Brighton and Hove City Council (BHCC) following a £130 million contract, aiming to encourage EV adoption among drivers without off-road parking. This initiative is expected to facilitate access to charging near homes and enable the utilization of cheaper overnight electr...
    News
    Ecobat expands Li-ion recycling capability with three new plants in last 12 months
    Ecobat, a prominent battery recycling company, announced that it has added three advanced lithium-ion battery recycling facilities in the last 12 months. The three plants are located in Hettstedt, Germany; Casa Grande, Arizona; and Darlaston, England. These newly operational facilities collectively possess the capacity to process up to 10,000 metric tons of lithium-ion batteries per year, with an ambition to expand this capacity to 25,000 metric tons in the future. These plants are focused on...
    News
    Indian startup DeCharge secures $2.5 million for EV charging expansion
    Indian startup DeCharge, specializing in expanding electric vehicle charging infrastructure, has successfully raised $2.5 million in seed funding. This financial boost was led by investment firm Lemniscap and saw contributions from various entities including Colosseum, Daedalus Angels, EV3 Labs, Echo Fundraiser, Chainyoda Jedis and Levitate Labs. The funding round also attracted support from notable individual investors such as Nom, the creator of Bonk; Shek of Superteam/Solana; Arnold L...
    News
    Imec and Baden-Württemberg launch Advanced Chip Design Accelerator
    At the Hannover Trade Fair 2025, Imec, a research and innovation hub in nanoelectronics and digital technologies, announced a collaboration with the state government of Baden-Württemberg, Germany, to launch the Advanced Chip Design Accelerator (ACDA) in Baden-Württemberg. This new competence center aims to enhance Imec's Automotive Chiplet Program by developing chiplets, packaging, system integration, sensing and AI technology, thereby supporting the automotive industry in the introductio...
    News
    Mercedes-Benz invests in sustainable Next Generation Paintshop at Sindelfingen plant in Germany
    Mercedes-Benz is making significant progress in its production network by investing a high triple-digit million euros in the construction of the Next Generation Paintshop at its Sindelfingen site in Germany. This ambitious project, part of Mercedes-Benz's long-term partnership with Dürr Systems, aims to modernize production and reinforce the company's commitment to sustainable business practices in Germany. The new paint shop, heralded by Mercedes-Benz as a pioneer in sustainable and intel...
    News
    EcoPro Materials secures major investment for nickel smelting in Indonesia
    EcoPro Materials, a precursor production subsidiary of EcoPro Group, has made a significant move into the nickel smelting sector by securing a 400 billion won (about $271 million) investment aimed at expanding its operations into Indonesia. The company recently raised 389 billion won through a third-party allotment capital increase, with a major portion of this funding dedicated to acquiring a 28% stake in the Indonesian nickel smelting company PT. Green Eco Nickel, as well as for operational ex...
    News
    Magna opens new manufacturing facility in North Macedonia
    Magna International has commenced operations at its new manufacturing plant in Stip, North Macedonia, See News reported April 2. The Canadian supplier invested €40 million in the new factory, which will produce mechatronic components for the automotive market. This 18,000-square-meter factory will employ more than 600 people at peak capacity. Magna already operates a plant near Struga in North Macedonia, which employs 300 people. The factory specializes in the production of exterior mirror ...
    News
    Lithium Americas closes $250 million funding for Thacker Pass lithium project
    Canada-based Lithium Americas Corp. announced the successful closure of a $250 million investment from Orion Resource Partners LP for the phase one development and construction of the Thacker Pass lithium project located in Humboldt County, Nevada. This investment complements a strategic partnership with General Motors Holdings LLC (GM), with whom Lithium Americas has jointly decided to proceed with the Final Investment Decision (FID) for phase one of the Thacker Pass project. Lithium America...
    News
    Sion Power unveils new battery cell production line with Mühlbauer Group
    Sion Power, a company specializing in lithium-metal battery technology, announced the installation of a new large-format battery cell production line, developed in partnership with Mühlbauer Group. This move is aimed at commercializing Sion Power's Licerion battery technology, which is expected to address key barriers to mass EV adoption such as range, cost and charge time. By doubling energy density and cutting down on both cell material costs and cell count, Licerion batteries could signif...
    News
    Indian state firms in talks to buy 20% of SQM's lithium projects in Australia
    Four Indian state firms, led by government-backed Khanij Bidesh India Ltd. (KABIL), are negotiating with Chilean mining company SQM to purchase a 20% share in two of SQM's lithium projects located in Australia for $600 million. This move is part of India's strategic effort to secure lithium supplies, vital for electric vehicle battery production, as the country seeks to minimize carbon emissions. The consortium includes Coal India, Oil India and ONGC Videsh, focusing on SQM's Mount Holland and A...
    News
    Stellantis invests €38 million on manufacturing electric motors in Italy
    Stellantis plans to invest €38 million in manufacturing electric motors at its plant in Verrone, which is located in the province of Biella, Italy, the company announced March 17. Production of electric motors at Verrone is scheduled to start by the end of 2027. The vehicle manufacturer said that work had already begun a few weeks ago at its facility in Verrone, where it plans to install and operate a total of 56 machine tools. Stellantis said it is already in the process of installing s...
    News
    Fuyao Glass announces $400 million investment in Illinois factory in US
    Fuyao Glass Industry Group, a mainland China-based automotive glass supplier, has announced plans to invest $400 million in expanding the production capacity of its float glass plant located in Decatur, Illinois. The company will invest in a new production line to meet the growing demand for high-quality float glass for Fuyao Glass’ auto glass factory in the US to ensure raw material availability and reduce operational costs. The Decatur plant has annual capacity to produce 280,000 metric tons...
    News
    Kobe Steel invests in solid-state battery technology startup Lasagna.one
    In a press release dated March 25, Kobe Steel announced that it invested in Lasagna.one Inc. (LO), a startup based in San Jose, California, focusing on the development of all-solid-state batteries, which represent the next generation of battery technology. LO's innovations in all-solid-state batteries, including its ability to create high-voltage battery cells that offer fast charging and stable operation across a broad temperature spectrum, have placed it in the spotlight. In 2023, LO achiev...
    News
    BASF doubles resin production at Shanghai plant for automotive industry
    BASF's Coatings division has announced the completion of a significant expansion to its polyester and polyurethane resin production capacity at the Caojing plant in Shanghai. Originally launched in 2015 with the capacity to produce 8,000 metric tons annually, the plant's capacity has now more than doubled to 18,800 metric tons per year. This expansion is aimed at supporting the growing market demands within the automotive industry in China and the broader Asia-Pacific region. In addition to the ...
    News
    Hyundai Motor Group announces $21 billion investment in the US
    Hyundai Motor Group announced a significant investment plan of $21 billion in the US from 2025 to 2028, aiming to bolster its manufacturing capabilities, enhance future technologies and improve energy infrastructure across the country. This investment is building upon the Group's prior investments tallying approximately $20.5 billion since it entered the US market in 1986. The strategy includes a commitment to expanding automotive production, increasing the localization of auto parts, en...
    News
    Hyundai Motor India approves investment of $81 million for a new tooling center
    South Korean carmaker Hyundai Motor’s Indian unit Hyundai Motor India Ltd. has approved an investment of 6.94 billion rupees (about $81 million) for a new tooling center, according to a news report published by Autocar Professional on March 24. The planned tooling center will manufacture stamping tools and vehicle panels to expand local development of components and reinforce supply chain stability. Tooling refers to specialized equipment such as molds, dies, jigs, fixtures and others used ...
    News
    Pulsetrain raises €6.1 million to boost EV battery technology
    Pulsetrain has successfully secured €6.1 million in seed financing to revolutionize the electric vehicle industry by significantly enhancing battery performance and lifespan, thereby making future vehicles safer, more powerful, longer-lasting and more affordable. This funding round, led by Vsquared Ventures and Planet A, with additional support from Climate Club, is aimed at advancing product development to facilitate industrialization and scaling processes. The company's groundbreaking pow...
    News
    Finnish Minerals Group, Beijing Easpring Material Technology to begin construction of cathode active material plant in Kotka, Finland
    Finnish Minerals Group and Beijing Easpring Material Technology announced the commencement of construction work for their joint cathode active material (CAM) plant in Kotka, Finland, Finnish Minerals Group said in a press note on March 20. “The construction will start in the spring of 2025, and the goal is to launch commercial production in 2027,” the company said in a statement. The plant, which is aimed at producing CAM for the local manufacture of lithium-ion batteries in Europ...
    News
    SK On to supply EV batteries to Nissan in US
    SK On and Nissan have entered into a significant battery supply agreement, marking a strategic collaboration between the South Korea battery giant and the Japanese automaker. As part of this partnership, SK On is set to provide Nissan with nearly 100 GWh of high-performance, high-nickel batteries manufactured in the US from 2028 to 2033. These batteries will be instrumental in powering Nissan's next-generation electric vehicles to be produced at its Canton, Mississippi, assembly plant, emphas...
    News
    Bosch opens new high-tech metal 3D printing facility in Germany
    Bosch has inaugurated a new metal 3D printing facility at its Nuremberg plant in Germany, marking a significant advancement in its manufacturing capabilities. The company invested nearly €6 million in the center, along with the acquisition and installation of the Nikon SLM Solutions NXG XII 600 metal 3D printer. This strategic investment positions Bosch as the first tier 1 automotive supplier in Europe to operate a facility of this performance class, underlining its commitment to Germany as...
    News
    Mirova invests over €50 million in EV charging infrastructure provider GreenWay
    Mirova, an affiliate of Natixis Investment Managers dedicated to sustainable investing, has made an equity investment of more than €50 million in GreenWay, a leading electric vehicle charging infrastructure provider in Central Europe, Mirova announced March 17. With the new investment, Mirova will become the largest shareholder in GreenWay Holding. According to the press note, through its energy transition infrastructure expertise, Mirova aims to empower institutional clients by offering...
    News
    Sunwoda to invest over $1 billion to set up EV battery plants in Thailand
    Thailand's Commission on the National Competitiveness Enhancement for Targeted Industries has approved an investment exceeding $1 billion by Sunwoda Electronic's subsidiary, Sunwoda Automotive Energy Technology (Thailand) Co. Ltd., to establish electric vehicle and energy storage system (ESS) battery-cell plants. This initiative, endorsed by the Deputy Prime Minister and Minister of Finance Pichai Chunhavajira, aims to bolster the country's EV supply chain and augment its manufacturing capabi...
    News
    Samsung SDI to raise $1.38 billion through rights offering
    In a press release dated March 14, Samsung SDI announced its decision to conduct a rights offering aimed at raising approximately 2 trillion won (about $1.38 billion) to enhance its competitive edge and support mid-to-long term growth. This strategic move is intended to fund new facility investments, including a joint venture with General Motors in the US, expanding the capacity of its battery plant in Hungary, and establishing production lines for all solid-state batteries in South Korea. ...
    News
    BrightView secures $7 million in Series B funding to fuel growth
    BrightView Technologies, a company specializing in computational optics solutions, has successfully closed a $7 million Series B Preferred Stock equity funding round. The funding, led by Hella Ventures, the corporate venture capital arm of Forvia Hella, and Technology Venture Partners, aims to accelerate BrightView's market growth, support further research and development, and enhance the company's production capabilities. “The first close of our Series B Preferred Stock financing reflects ...
    News
    Stanley Electric completes capacity expansion at Hiroshima plant in Japan
    Stanley Electric has completed expansion of its Hiroshima factory in Japan. The company held a completion ceremony on Jan. 15. The Japanese supplier invested ¥8 billion (about $5.4 million) in the construction of the new building at the site. The capacity expansion increased total floor area at the factory from 12,961 square meters to 24,354 square meters. The expanded factory will play a key role as a production hub for automotive lighting products, including headlamps and taillam...
    News
    Ford invests €4.4 billion in its German subsidiary
    Ford Motor Co. announced March 10 that it will invest up to €4.4 billion into its German subsidiary, Ford-Werke GmbH, to support the transformation of its European business and increase its long-term competitiveness. The new financing includes a capital injection to reduce the debt of Ford plants and funds for a multiyear business plan aimed at supporting ongoing restructuring efforts. “This move replaces the letter of comfort issued by Ford Motor Company in 2006 and brings the support...
    News
    Marquardt opens new manufacturing facility in India
    Germany-based mechatronics specialist Marquardt has inaugurated a new manufacturing facility in Talegaon near Pune, India, Autocar Professional reported March 5. The new facility replaces Marquardt's earlier site in Mumbai and is aimed at bolstering the company's manufacturing capabilities, particularly for the Indian automotive industry. It will produce drive authorization systems, gear selector switches and battery management systems (BMS) for electric vehicles. Marquardt has invested ...
    News
    Toshiba expands automotive semiconductor production in Japan
    As reported in a press release on March 5, Toshiba Electronic Devices & Storage Corp. celebrated the completion of a new back-end production facility focused on automotive power semiconductors at Himeji Operations — Semiconductor, located in Hyogo Prefecture, western Japan. This development will significantly enhance the facility's production capacity for automotive power semiconductors, more than doubling the numbers seen in fiscal year 2022, with the commencement of full-scale product...
    News
    Taiwan pledges to withhold its most advanced technology from US under proposed $100 billion deal
    The Taiwanese government has assured that its most advanced semiconductor technology will remain within Taiwan, despite a substantial $100 billion deal between Taiwan Semiconductor Manufacturing Co. (TSMC) and the Trump administration to expand TSMC's investments in the US, according to a report published by The Guardian on March 4. The deal, announced by US President Donald Trump and TSMC CEO CC Wei, aims to enhance US manufacturing capabilities and secure trade dominance. Trump said that TS...
    News
    TSMC to invest $165 billion in US semiconductor manufacturing
    In a press release on March 4, TSMC announced its plan to significantly boost its investment in the US, aiming to increase the sum to $165 billion, to advance semiconductor manufacturing crucial for the future of AI. This announcement, made from its headquarters in Hsinchu, Taiwan, comes with a commitment to add $100 billion to the ongoing $65 billion investment in its semiconductor operations, primarily located in Phoenix. This planned investment marks the largest single foreign direct inves...
    News
    Schaeffler to establish Global Capability Centre for digital and software innovation
    Schaeffler is evaluating its plans to establish a Global Capability Centre (GCC) in India to enhance its software and digital capabilities in line with its strategy toward electrification, digitalization, and climate neutrality, Autocar Professional reported March 4. The new GCC is expected to help the Germany-based supplier to significantly enhance its innovation, research and development capabilities, ensuring it remains at the forefront of technological advancements while adhering to its envi...
    News
    Clarios announces $6 billion investment in US battery manufacturing
    Clarios, a Wisconsin-based leader in low-voltage energy storage, has unveiled a $6 billion initiative aimed at bolstering US manufacturing and enhancing the supply chain for starter batteries. This move is crucial for ensuring US energy and critical mineral independence. Significant investments include $2.5 billion toward developing low-critical mineral battery chemistries, $1.9 billion for boosting the US' circular battery economy, $1 billion to accelerate the development of advanced energy ...
    Briefing
    Uno Minda establishes new Engineering and Design center in Czech Republic
    Uno Minda has established a new Engineering and Design center in the Czech Republic. The center will focus on the development of next-generation automotive lighting technologies. In February, Uno Minda appointed Todd Morgan as the global head of Lighting and Innovation. Morgan has more than 30 years of work experience in automotive lighting, previously working at Ford, Visteon and Varroc. Before joining Minda, he served as chief technology and innovation officer at Lumax DK Jain Group. Uno...
    News
    Idemitsu Kosan plans to set up a large-scale plant for solid electrolytes in Japan
    Tokyo-based Idemitsu Kosan Co. Ltd. plans to construct a large-scale production facility for solid electrolytes, a material that is used in all-solid-state lithium-ion rechargeable batteries, the company announced Feb. 27. Disclosing its plans, Idemitsu said that it aims to expand the production capacity of lithium sulfide, which is an important intermediate raw material for producing solid electrolytes, to the tune of producing in capacity equivalent to 3 GWh per year of storage batteri...
    Briefing
    Posco Future M invests in Canada-based EV cathode material plant
    Posco Future M has announced its decision to invest 489.4 billion won (about $342 million) into Ultium Chem, a joint venture with General Motors located in Quebec aimed at producing cathode materials for electric vehicles. This investment will be channeled through Posco Future Materials, a wholly-owned subsidiary in Canada, for the construction of a high-nickel cathode material plant. The plant is expected to have an annual capacity of 30,000 metric tons, sufficient to supply about 300,000 EVs, ...
    News
    Hyundai initiates construction of first EV battery research center
    Hyundai Motor Group is taking a major step forward in the electric vehicle industry by initiating the construction of its first dedicated battery research center in Anseong, Gyeonggi Province, South Korea, with construction expected to start as early as March. This move is part of Hyundai's strategy to develop its own EV batteries, aiming to position itself alongside China's BYD, which manufactures batteries for its vehicle brands. The new facility, known as Mobility Alpha Line Anseong Center...
    News
    SkyWater acquires Infineon’s Texas fab, boosting US chip production
    As reported in a press release on Feb. 26, SkyWater Technology and Infineon Technologies AG have announced a strategic agreement involving the purchase of Infineon's 200-mm fab in Austin, Texas, known as Fab 25, by SkyWater. The deal also includes a long-term supply agreement, exemplifying a significant move to strengthen US-based production of essential chips for industrial, automotive and defense applications. SkyWater will manage Fab 25 as a foundry, increasing the US' capacity for fo...
    News
    CALB plans to build $2 billion battery gigafactory in Portugal
    China's CALB, recognized as one of the world's leading battery-makers for electric vehicles, has announced its plan to invest €2 billion in setting up a gigafactory in Portugal. The factory, poised to initiate production by 2028, will be located in Sines, approximately 100 km south of Lisbon. Designed to produce lithium batteries, the facility is expected to achieve an annual capacity of 15 GWh, equating to about 187,000 batteries for EVs, primarily aimed at the European market. This str...
    News
    Infineon secures approval for funding under EU Chips Act for Dresden semiconductor project
    The European Commission has greenlit funding under the European Chips Act for Infineon Technologies AG's Smart Power Fab located in Dresden, Munich, with an official approval from the Federal Ministry for Economic Affairs and Climate Action (BMWK) anticipated in the coming months, according to a press release on Feb. 20. This initiative, which is also backed by the European Commission's Important Project of Common European Interest on Microelectronics and Communication Technologies (IPCEI ME ...
    News
    South Korea invests in nationwide automated vehicle services
    The South Korean government, via the Ministry of Land, Infrastructure and Transport (MOLIT), announced a significant initiative to bolster automated vehicle services in various regions throughout the country, including Seoul, Sejong, Gyeonggi (comprising Pangyo and Anyang), Chungnam (Cheonan), Gyeongbuk (Gyeongju), Gyeongnam (Hadong), and Jeju. This initiative is backed by an investment of 2.6 billion won (about $1.8 million). The funding is distributed among these regions with specific amounts ...
    News
    Adient expands China Technical Center to boost innovation
    Adient has completed the expansion of its China Technical Center in Chongqing, mainland China. The upgraded technical center is now equipped with state-of-the-art facilities, including a sled test lab and a multi-axial sub-assemblage test (MAST) lab, enhancing the company’s engineering design, testing, validation and product development capabilities. According to Adient, the expanded facility offers “a collaborative, flexible and digitally advanced environment” for its engineering ...
    News
    Cambridge GaN Devices secures $32 million to drive global growth in power semiconductor industry
    As reported in a press release on Feb. 18, Cambridge GaN Devices (CGD), a leading player in gallium nitride (GaN) power devices, has successfully closed a $32 million Series C funding round. The investment was led by a strategic investor with participation from British Patient Capital and supported by existing investors Parkwalk, BGF, Cambridge Innovation Capital (CIC), Foresight Group and IQ Capital. GaN-based devices represent a breakthrough in power electronics, offering faster switching s...
    News
    Kobe Steel, Baowu Steel establishes JV in mainland China for automotive aluminum panels
    Kobe Steel has registered a joint venture company in mainland China for producing automotive aluminum panels. This development came after receiving approval from regulatory authorities in Japan and mainland China, following an agreement signed on Aug. 8, 2024, with Baoshan Iron & Steel Co. Ltd. and Baowu Aluminum Technology Co. Ltd., subsidiaries of China Baowu Steel Group. The JV aims to integrate continuous heat treatment and finishing lines for aluminum panels to cater to the increasing d...
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    Woodbridge inaugurates new manufacturing plant in Pune, India
    On Feb. 14, TMWB Foam Pvt. Ltd., a joint venture between Woodbridge and TM Automotive Seating Systems, inaugurated its new manufacturing facility in Pune, Maharashtra, India. The new facility is expected to enhance the production of seating systems for passenger and commercial vehicles, including buses.  “This is a milestone for our business in the Indian market. It showcases our products and technologies, and we are pleased to launch them in collaboration with our partner,” said Kai...
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    ComEd invests $100 million in EV adoption rebates for 2025
    ComEd, a subsidiary of Exelon Corp., announced at the Chicago Auto Show that it is investing $100 million in rebates to support electric vehicle adoption in 2025. These rebates, aimed at residential, business and public sector customers, address barriers to EV ownership by covering the costs of residential EV chargers and installation, electric fleet vehicles and charging infrastructure for businesses and the public sector. Melissa Washington, senior vice president at ComEd, emphasized t...
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    Rimac’s Verne begins construction of Croatia robo-taxi plant
    Croatian electric-hypercar manufacturer Rimac is advancing its diversification strategy with its subsidiary Verne, which has commenced the construction of a factory near Zagreb, Croatia, for the purpose of manufacturing autonomous electric vehicles aimed at a forthcoming robo-taxi service, as reported in a press release on Feb. 11. This initiative, disclosed in June 2024 with Porsche holding a 20% stake in Rimac, draws inspiration from Jules Verne, focusing on three primary components inclu...
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    Nexteer Automotive opens new production facility in mainland China to expand electric steering systems production
    Nexteer Automotive inaugurated its new production facility in Changshu, Jiangsu Province, mainland China, on Jan. 15 to enhance its manufacturing and testing capabilities for advanced steering systems. This strategic expansion is designed to capitalize on the growing demand in the Asia-Pacific region and globally for electric power steering (EPS) technologies among both global and domestic automakers. The Changshu Campus covers approximately 137 acres and is equipped with state-of-the-art produc...
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    JLR invests $180 million in Portland tech hub in US for future vehicle technologies
    Jaguar Land Rover (JLR) has announced plans to expand its technology hub located in Portland, Oregon, the US, to develop advanced connectivity and autonomous driving technologies for future JLR vehicles. Over the next 10 years, the UK-based carmaker plans to inject approximately $180 million into expanding the 50,000-square-feet technology hub. The focus will be on crafting a diverse array of advanced technologies as the automotive industry moves toward more software-driven vehicles (SDVs). T...
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    UVeye secures $191 million to bolster AI-driven vehicle inspections
    UVeye, a leading company in AI-driven vehicle inspection technology, has recently announced a substantial funding round amounting to $191 million, elevating its total capital raised to $380.5 million. This funding, a mix of equity and debt, aims to support UVeye's rapid growth in response to the increasing global demand for its innovative vehicle inspection systems. The company is on the verge of scanning 1 million vehicles every month, indicating its strong position in the industry. The fund...
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    New York city announces $60 million loan to EV charging solutions company Revel
    New York's Gov. Kathy Hochul has announced a $60 million loan from NY Green Bank (NYGB) to Revel, aimed at accelerating the deployment of electric vehicle charging infrastructure across New York city. The funding will facilitate the construction of 267 new fast-charging stalls at nine different sites, including locations in Maspeth, Queens, near LaGuardia Airport, at John F. Kennedy International Airport (JFK), in Greenpoint, Brooklyn, and in the Port Morris section of the Bronx. This tr...
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    Gestamp opens second Gestamp Technology Institute in Puebla, Mexico
    Gestamp, a Spain-based supplier of automotive chassis and body-in-white (BIW) parts, has inaugurated its second Gestamp Technology Institute (GTI) in Puebla, Mexico. This move comes after the success of its first GTI established in 2016 in Boroa, Basque Country, Spain, highlighting the company's dedication to technological advancement, talent development and knowledge transfer within the automotive sector. The establishment of the GTI in Puebla is part of Gestamp's broader strategy to bolster...
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    Presto secures $15 million for EV charging platform expansion
    In a press release dated Feb. 6, Presto, an innovative all-in-one electric vehicle charging platform headquartered in Oakland, California, announced that it has raised $15 million in seed funding. The funding round saw contributions from notable investors including Union Square Ventures, Congruent Ventures, Powerhouse Ventures and Jetstream. Presto is acclaimed for its highly rated app and APIs that enable fleets to effortlessly locate, charge and make payments for on-the-go charging at ...
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    Toyota strengthens its overseas EV and battery manufacturing capabilities
    Toyota Motor Corp. is set to start operations at its first in-house battery manufacturing plant outside Japan, the Toyota Battery Manufacturing North Carolina (TBMNC). Set to begin production in April, this nearly $14 billion facility will produce batteries for hybrid electric vehicles (HEVs), plug-in hybrid electric vehicles (PHEVs) and battery-electric vehicles (BEVs). The plant, located in North Carolina, US, is expected to create approximately 5,000 jobs, reinforcing Toyota's commitment...
    Briefing
    Honda gearing up to begin EV production at Honda EV Hub in Ohio, US, in late 2025
    Honda is gearing up to begin manufacturing electric vehicles at the Honda EV Hub in Ohio, US, later in 2025. The Japanese automaker is investing $1 billion in retooling its Marysville Auto Plant (MAP), East Liberty Auto Plant (ELP) and Anna Engine Plant (AEP). The investment will allow Honda to build internal combustion engine (ICE) vehicles, hybrid-electric vehicles and battery-electric vehicles (BEVs) on the same production lines. "The Honda EV Hub provides Honda with the flexibility to pro...
    Briefing
    JLR plans £65 million investment to expand paint facilities in UK and Slovakia
    Jaguar Land Rover (JLR) has announced its plan to invest £65 million in the expansion of its special paint facilities worldwide. This investment aims to cater to the rising demand for personalized luxury vehicles and to lessen the environmental footprint of its carbon-intensive manufacturing processes. The carmaker, part of Indian automaker Tata Motors, has observed a significant increase in customer interest for personalized color options, with demand for its Bespoke Paint and elevated pale...
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    Waymo launches fully driverless robo-taxi rides for employees in Atlanta
    Waymo has announced the initiation of fully driverless robo-taxi rides for its employees in Atlanta, marking a significant step toward the company's goal of opening this service to the public by 2025, according to a report published by TechCrunch on Jan. 30. This development underscores Waymo's efforts to expand into new markets, bolstered by the closure of a $5.6 billion Series C funding round two months prior, which valued the company at $45 billion. This funding round included major inve...
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    Sundaram Clayton opens new die-casting facility in Chennai, India
    Indian auto component supplier Sundaram Clayton Ltd. (SCL) has inaugurated a new die-casting facility in Thervoy Kandigai, near Chennai, Tamil Nadu, India, Autocar Professional reported Feb. 1. The facility will manufacture aluminum die-cast components, including engine parts and structural elements specifically designed for electric vehicles, incorporating digital manufacturing to cater to both local and global markets. SCL has also expanded its US operations with the successful commissionin...
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    WeaveGrid receives strategic investment from Hyundai and Kia
    WeaveGrid, a San Francisco-based software company dedicated to facilitating the rapid adoption of electric vehicles onto the power grid, has recently announced receiving a strategic investment from Hyundai Motor Co. and Kia Corp. This move fortifies WeaveGrid's position as the leading software solution for automakers aiming for a secure and seamless integration of their EVs with the electric power grid. WeaveGrid's technology, including its EV management system (EVMS) and a patented smart cha...
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    Asian Development Bank to invest US$100M in the Philippines for electric mobility push
    The Asian Development Bank (ADB) has entered into a financing agreement with Ayala Corp., announcing a package worth up to US$100 million to foster electric mobility in the Philippines. Announced Jan. 27, this initiative aims to enhance the country's electric mobility ecosystem through the procurement and installation of electric vehicle charging stations (EVCS) and the purchase of electric vehicles for commercial distribution. The financing package leverages a concessionary loan from the Can...
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    Bridgestone to establish tire recycling pilot plant in Japan
    Bridgestone has announced its plans to construct a pilot demonstration plant for the precise pyrolysis of end-of-life tires at its facility in Seki City, Gifu Prefecture, Japan. The plant, set to commence operations in 2027, is aimed at showcasing technology for the chemical recycling of tires, specifically to extract tire-derived oil and recovered carbon black. This initiative is part of Bridgestone's strategy outlined in its midterm business plan (2024-2026) for sustainable growth and aligns w...
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    Hyundai Motor Group expands R&D in Europe for sustainable mobility
    Hyundai Motor Group (HMG) is strengthening its presence in Europe through an expansion of its research and development (R&D) capabilities in Germany. This expansion includes over 25,000 square meters, added to the group's facilities, marking a continuous strategic emphasis on sustainable mobility and future-oriented growth.  A notable aspect of this expansion is the completion of the test center extension at Nürburgring and the upcoming inauguration of the Hyundai Motor Europe Techn...
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    SES AI secures $10 million contracts for AI battery material discovery
    In a press release dated Jan. 23, SES AI Corp., based in Woburn, Massachusetts, announced that it has secured contracts worth up to $10 million with two of its major global original equipment manufacturer partners for the purpose of advancing the commercial application of AI for Science in battery material discovery. These contracts are focused on developing new electrolyte materials for lithium-metal (Li-metal) and lithium-ion (Li-ion) batteries, specifically targeted at automotive applica...
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    Cyclic Materials secures $2 million from InMotion Ventures
    Cyclic Materials, an advanced recycling company focused on building a circular supply chain for rare earth elements (REEs) and other critical materials, has announced a significant investment boost. The company received a $2 million investment from InMotion Ventures, Jaguar Land Rover's investment arm, elevating its Series-B funding round to $55 million. This financial support underscores the company's pivotal role in fostering sustainable supply chains within the automotive sector and beyond. ...
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    Sona Comstar to invest $4 million in suspension technology company ClearMotion
    Sona BLW Precision Forgings Ltd. (Sona Comstar) has announced an investment of $4 million in the US-based automotive technology firm ClearMotion Inc., through the acquisition of convertible preferred stock, as per an exchange filing. ClearMotion specializes in the development of products that enhance the driving experience by utilizing proactive suspension and road sensing software to alleviate the effects of uneven road surfaces. The company operates in global markets including the US, the U...
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    Sonocharge Energy secures $23.5M in financing to enhance EV battery technology
    In a press release dated Jan. 22, Sonocharge Energy announced that it has successfully closed a $23.5 million financing round. This round was led by Cycle Capital, a ClimateTech venture capital firm, and saw participation from Honda, along with existing investors Khosla Ventures, Temasek and non-dilutive funding partners. The funds will be utilized to expand the team in Silicon Valley, California, and hasten the commercial deployment of its solutions alongside key electric vehicle...
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    Hyundai Steel explores investment in US automotive steel plant to avoid tariffs
    Hyundai Steel is exploring the possibility of setting up a manufacturing plant to supply automotive steel to Hyundai Motor and Kia in the US. The move, which entails a significant investment potentially amounting to several trillion South Korean won, is seen as a strategic response to navigate tariff barriers introduced by the Trump administration. As part of this endeavor, Hyundai Steel is in talks with various state governments, including those of Texas and Georgia, regarding the investment...
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    Amber Connect to open new office in Coimbatore, boosting its global export capacity
    Amber Connect, a vehicle tracking and telematics solution provider based in Jamaica, is set to expand its operations in Coimbatore, India, by opening a new 4,000-seat office dedicated to developing vehicle telematics software for global export. The company has announced a $1.6 million investment for establishing this facility, with construction in progress and an opening planned by the end of 2025. This expansion, as disclosed by Dushyant Savadia, the founder and CEO of Amber Group, is expected ...
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    Nissan Motor to set up an LFP battery plant in Kitakyushu City in Japan
    Nissan Motor Corp. has signed an agreement with Fukuoka Prefecture and Kitakyushu City in Japan to construct a new factory to produce lithium iron phosphate (LFP) batteries, Nissan announced Jan. 22. The planned battery plant will be built in the Hibikinada area of ​​Wakamatsu Ward, Kitakyushu City, Fukuoka Prefecture, Nissan said, adding that with the signing of this agreement, the project has officially begun. It is expected to make a significant contribution to revitalizing the local e...
    Briefing
    JSW Group to invest nearly $35 billion in Indian state of Maharashtra
    The JSW Group has announced plans to invest 3 trillion rupees (about $34.67 billion) in Maharashtra, India, to expand its operations in key sectors including electric vehicles, batteries, steel and green energy, MoneyControl.com reported. This announcement was made following an agreement signed with the Maharashtra government on the sidelines of the World Economic Forum in Davos, Switzerland. The Indian conglomerate, which operates across diverse sectors such as steel, cement, energy inf...
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    JATCO opens new transmission plant in Sunderland, UK
    Global automotive automatic transmission manufacturer JATCO Ltd. has opened a new factory at the International Advanced Manufacturing Park in Sunderland, UK, Nissan announced Jan. 16. The new factory, which is expected to create up to 183 jobs, will produce electrified powertrains for the nearby Nissan plant. Initially, these powertrain assemblies will be a 3-in-1 unit, which modularizes and integrates the motor, inverter and reducer, making them smaller and lighter. JATCO’s new facility...
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    NXP secures €1 billion loan from EIB for semiconductor R&D in Europe
    As reported in a press release on Jan. 16, NXP Semiconductors has announced a significant boost to its research, development and innovation (RDI) efforts through a €1 billion loan from the European Investment Bank (EIB). This loan, carrying an interest rate of approximately 4.75% and a duration of six years, is designated to support NXP's RDI investments across Europe, specifically in Austria, France, Germany, the Netherlands and Romania until 2026. Aimed at advancing semiconductor solution...
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    SAIC-GM-Wuling begins EV battery production in Indonesia
    SAIC-GM-Wuling has reached a significant milestone by being the first mainland Chinese auto brand to initiate power battery production in Indonesia. This development was marked by the production of its first power battery, dubbed the Magic Battery, which was accomplished in an impressively short time frame of just four and a half months from the project's inception. The Magic Battery, developed in-house by Wuling, incorporates the latest electric vehicle battery technologies. This achievement...
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    Mahindra unveils all-new dedicated EV manufacturing and battery assembly plant in Pune
    Mahindra and Mahindra (M&M), a leading Indian automaker, has unveiled its new dedicated state-of-the-art manufacturing and battery assembly facility at its Chakan plant near Pune, India, the company announced Jan. 8. The newly developed facility is aimed at producing M&M's pure electric cars. The new facility is strategically located within M&M’s Chakan manufacturing hub, which is also one of India’s largest greenfield projects. M&M’s Chakan plant is spread across a...
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    BMW i Ventures invests in Phoenix Tailings for sustainable rare earth metal production
    BMW i Ventures has invested in Phoenix Tailings, a company focusing on the zero-waste, zero-emission production of rare earth metals, a move aimed at expanding and stabilizing the processing of these critical elements in the US. This Series B financing round, led by Envisioning Partners and with participation from Yamaha Motor Ventures and Escape Velocity, will help Phoenix Tailings increase its rare earth metal production to approximately 200 metric tons annually. Phoenix Tailings, which was...
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    Aurora Innovation opens new lidar testing facility in Montana, US
    Aurora Innovation, a company specializing in autonomous driving technology, has inaugurated a new 78,000 square-foot office and testing facility in Bozeman, Montana, US. This new facility, situated on Montana State University's Innovation Campus, aims to bolster the development and testing of Aurora's FirstLight Lidar technology. This strategic investment follows Aurora's 2019 acquisition of Blackmore, a Bozeman-based lidar company, which bolstered its expertise in lidar technology essential ...
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    Eberspaecher opens new facility in Poland for electric-bus systems
    Eberspaecher has inaugurated a new production facility in Przylesie, Poland, for manufacturing thermal management systems for electric city buses and coaches, the company announced in a press release on Dec. 17. The plant, which spans 12,500 square meters, will engage in the series production of the AC138 EVO thermal management system. This new system caters to electric city buses and coaches from leading international manufacturers, with an annual production target of up to 20,000 syste...
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    Inalfa Gabriel Sunroof Systems plans to expand sunroof manufacturing in India
    Inalfa Gabriel Sunroof Systems (IGSS), a joint venture between the Netherlands-based Inalfa Roof Systems and Gabriel India, the flagship company of India-based Anand Group, is planning to expand capacity to serve growing demand for sunroof systems in the Indian automotive market. IGSS is now exploring plans to set up production facilities in Northern and Western India after setting up its first plant in Chennai, Tamil Nadu, in Southern India. "To meet the rising demand for sunroofs due to the...
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    Lithium Americas and General Motors form JV for Nevada lithium project
    Lithium Americas Corp. has finalized a joint venture with General Motors Holdings LLC (GM) to develop the Thacker Pass lithium carbonate project in Humboldt County, Nevada. This partnership aims to bolster the North American supply chain for critical minerals. Lithium Americas retains a 62% stake in the project and will oversee its management, while GM has acquired a 38% stake through an investment totaling $625 million, which includes both cash and letters of credit. The arrangement allocates $...
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    Yokohama Rubber begins construction of new tire plant in mainland China
    Yokohama Rubber has commenced the construction for its new passenger car tire plant in Hangzhou City, mainland China, with a groundbreaking ceremony held Dec 16. The event was attended by local government officials, community representatives and the top executives of the Japanese tiremaker, including its Chairman and CEO Masataka Yamaishi, and President and COO Shinji Seimiya. The new plant is scheduled to commence production in the second quarter of 2026. The new plant will replace an existi...
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