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    Will China drive global alignment in EV battery swap standards?
    China, the largest electric car market in the world, is expected to drive global benchmarks in electric vehicle battery swapping practices, as well as the emerging battery-as-a-service, or BaaS, industry. Neither the EV battery swap model is new nor it was invented in China. However, it is the only ...
    How driving assistance and automation are impacting the steer-by-wire systems market
    The current steering systems market is primarily controlled by low-end, column-motor systems in the entry and lower-midclass vehicle segments and high-end, rack-motor systems in the upper-midclass and premium-class vehicle segments. However, steer-by-wire (SBW) steering systems will dominate the fut...
    BMW builds new USD2.2 billion factory in China to accelerate EV production
    German luxury carmaker BMW has set up a new electric vehicle (EV) manufacturing plant in Shenyang, China, as part of its capacity expansion drive to accelerate the production of EVs in the world’s largest EV market, the company announced on 23 June 2022. According to BMW, with an overall investmen...
    24-Jun-2022 News Investments
    Volkswagen Group to invest USD2.42 billion on preparing plants in Germany for electrification
    Volkswagen Group announced on 16 June 2022 that the company’s components arm plans to invest EUR2.30 billion (USD2.42 billion) through 2026 in preparing its manufacturing plants in Germany for electrification. “It’s the next step in a transformation process initiated in 2015 that is convert...
    24-Jun-2022 News Investments
    Saarstahl and Dillinger to produce green steel in Saarland, Germany from 2027
    German steel group Staarstahl announced via press release on 9 June that it would start manufacturing green steel at its Dillinger and Völklingen steel plants from 2027. According to the press release, the company plans to add an electric arc furnace (EAF) at the Völklingen plant and an EAF and...
    23-Jun-2022 News Investments
    ABB E-mobility opens production plant for DC fast chargers in Italy
    ABB E-mobility has opened its largest DC fast charger production plant to date in Valdarno, in the Tuscany region in Italy, the company said on 21 June 2022. Named the ABB E-mobility Centre of Excellence, the expanded facility has more than doubled its production capacity over the las...
    23-Jun-2022 News Investments
    Ford Motor plans to assemble new generation EVs in Valencia, Spain for Europe
    US carmaker Ford Motor has selected its plant located in Valencia, Spain as the suitable facility to assemble vehicles based on its next generation electric vehicle (EV) architecture for Europe, the company announced on 22 June 2022. “Pending product approval, the Valencia plant could produce b...
    23-Jun-2022 News Investments
    BASF to set up new 15,000-ton battery black mass plant in Germany
    German chemical company BASF announced via press release on 20 June that it will be building a commercial scale battery recycling black mass plant in Schwarzheide, Germany, to strengthen its cathode active materials (CAM) production and recycling operations in the region. According to the press r...
    22-Jun-2022 News Investments
    Michelin acquires Indonesian sustainable natural rubber project
    French tire company Michelin announced via press release on 21 June that it had acquired a further 51% of the capital of the Royal Lestari Utama (RLU) sustainable natural rubber project from Indonesian energy company Barito Pacific Group to become the sole owner of the joint venture. According to...
    22-Jun-2022 News Investments
    Metassurface photonic chip startup Shanhe Photonics concludes Pre-A funding
    Shanhe Photonics, a metasurface photonic chips developer has announced that it has closed a Pre-A round of financing for tens of millions of yuan, according to a report published by Pandaily on 13 June 2022. Matrix Partners and Shunyu Industrial Fund led the deal, followed by Casstar. The new money ...
    Sinomine invests USD200 million to expand operations at Bikita lithium mine
    Reuters reported on 17 June that Chinese mining company Sinomine Resource Group had launched a USD200 million investment to build a new plant and expand mining operations at the Bikita lithium mine it acquired recently. The company acquired the mine for USD180 million in January from Mauritius’...
    21-Jun-2022 News Investments
    Stellantis invests USD34.6 million in global testing hubs to advance EV, AD technology
    Stellantis has invested a total of USD34.6 million in two of its global testing facilities to support the company’s long-term strategy for building high-performing electric vehicles (EVs) and achieving the highest level of autonomous driving technology, according to a press release on 20 June...
    21-Jun-2022 News Investments
    BASF increases cathode material capacity in China to 100,000 TPY
    German chemical company BASF announced via press release on 15 June that its majority-owned subsidiary in China BASF Shanshan Battery Materials Co., Ltd. (BSBM) will be expanding its cathode active material (CAM) manufacturing capacity in the country to 100,000 tons per year (TPY). According to t...
    20-Jun-2022 News Investments
    Basquevolt to begin production of solid-state batteries by 2027
    Basquevolt, a Spanish battery technology company founded by the Basque Government, Iberdrola, CIE Automotive, Enagás, EIT InnoEnergy, and CIC energiGUNE, plans to begin production of solid-state battery cells in 2027 with the aim of producing up to 10 GWh of batteries, EIT InnoEnergy announced on 1...
    17-Jun-2022 News Investments
    BYD’s battery arm FinDreams Battery starts production at Shaoxing plant
    BYD’s battery arm FinDreams Battery has started production operations at its new plant in Shaoxing, which is located in East China's Zhejiang province, a news report published by CNEVPOST on 15 June 2022 said, citing a press release issued by the local government. The report said that FinDreams...
    17-Jun-2022 News Investments
    Silan Microelectronics increases investment in automotive power ICs
    Silan Microelectronics has announced that the company is further increasing its investment in the automotive power semiconductor business, DigiTimes reported on 17 June. According to the report, the company recently announced that it will invest a total of CNY3 billion (USD447.22 million) in sett...
    17-Jun-2022 News Investments
    Visteon to expand manufacturing facility in India
    Visteon has announced that the company is expanding its local optical bonding manufacturing facility in Chennai, India, Autocar Professional reported on 13 June.   Qais Sharif, vice president, Display Product Line, Visteon, said, “We have been focused on growing our India capabilities not ...
    17-Jun-2022 News Investments
    BYD invests in semiconductor technology company TYSiC
    China-based BYD has invested in TYSiC, a developer and manufacturer of silicon carbide (SiC) epitaxial wafers, made registration changes with the China’s industrial and commercial administration, according to report published by Pandaily on 16 June 2022. The company's registered capital grew by 2....
    17-Jun-2022 News Investments
    Alcoa invests USD51 million to increase Mosjøen, Norway smelter capacity by 14,000 TPY
    American aluminum company Alcoa announced via press release on 15 June a USD51 million project to increase the production capacity at its Mosjøen smelter in Norway by 14,000 metric tons per year (TPY). According to the press release, the investment will increase capacity at the site to 214,000 T...
    17-Jun-2022 News Investments
    EV charging platform startup XENDEE raises USD12 million in Series A round
    XENDEE has raised USD12 million in Series A financing, it said in a press release on 15 June. The round was led by Anzu Partners, with additional financing from TravelCenters of America Inc, Evergy Ventures, and Surlamer Investments. The funding will help increase company’s Net-Zero DER and ultra-...
    16-Jun-2022 News Investments
    Li Auto begins Phase II construction of Beijing Industrial Park
    Li Auto, a Chinese automaker has begun the second phase of construction of an industrial park in Beijing's Shunyi Science Park, according to a report published by Pandaily on 15 June 2022. The project is anticipated to be finished by the end of 2023, with a total investment of CNY1.3 billion (USD193...
    General Motors to invest USD81 million at Michigan-based Global Technical Center
    US carmaker General Motors plans to invest more than USD81 million at its Michigan-based Global Technical Center to prepare the facility to build Cadillac’s flagship luxury electric vehicle (EV) CELESTIQ, the company said on 15 June 2022. GM said that the investment will be used to purchase a...
    16-Jun-2022 News Investments
    Albemarle opens third lithium carbonate plant in Chile
    US specialty chemicals manufacturing company Albemarle announced via press release on 13 June that it had inaugurated its third lithium chemical conversion plant, La Negra III/IV, in Antofagasta, Chile. According to the press release, the new USD500 million plant includes a USD100 million thermal...
    16-Jun-2022 News Investments
    Lynas receives USD120 million DoD contract to set up heavy rare earths separation facility in the US
    Australian rare-earths mining company Lynas Rare Earths announced via press release on 14 June that its wholly owned subsidiary Lynas USA LLC had signed a US120 million contract with the US Department of Defense (DoD) to set up a commercial Heavy Rare Earths (HRE) separation facility in the Uni...
    15-Jun-2022 News Investments
    Viridian to set up new 25,000 TPY lithium hydroxide plant in Eastern France by 2025
    French industrial company Viridium Lithium announced via press release on 7 June that it will be building a battery grade lithium hydroxide production plant in Alsace, France with a planned initial capacity of 25,000 tons per year. According to the press release, the company has selected the indu...
    15-Jun-2022 News Investments
    AR HUD startup Raythink raises USD15 million in Series A+ funding
    Raythink has raised around USD15 million in a Series A+ funding round, it said in a press release on 14 June. The round was led by Chengwei Capital, with Unicom Innovation Venture Capital coming in as a co-investor. The startup will use the funds to accelerate the mass production of augmented realit...
    15-Jun-2022 News Investments
    Flex to build new electronic components manufacturing facility in Mexico
    Flex has announced that the company is building its new automotive manufacturing plant in Jalisco, Mexico, according to a press release published by the supplier on 14 June. Flex said the new 145,000-square-foot state-of-the-art facility will serve as a strategic in-region automotive manufacturin...
    15-Jun-2022 News Investments
    Solvay doubles EV battery binder material capacity in China
    Belgian chemical company Solvay announced via press release on 13 June that it had doubled the production capacity of its high-performance polymer Solef® polyvinylidene fluoride at its Changshu site ahead of schedule. According to the press release, the investment to increase capacity was driven...
    14-Jun-2022 News Investments
    Voestalpine to produce green steel at Linz and Donawitz plants from 2027
    Austrian steel company Voestalpine announced via its full year 2021/22 financial results press release on 8 June that it planned to produce low-emission ‘greentec’ steel at its Linz and Donawitz sites from 2027. According to the press release, the company plans to switch its coal-based blast ...
    Yanfeng Automotive starts construction of new plant in Mexico
    Global vehicle interiors company Yanfeng Automotive has announced that it started construction on a new manufacturing plant with an investment of USD17 million in Coahuila, Mexico, Milenio reported on 9 May. Miguel Ángel Riquelme Solís, Governor of Coahuila, said, “The automotive industry con...
    14-Jun-2022 News Investments
    Automotive ethernet solutions company Marvell announces expansion of operations in Canada
    Marvell has announced a significant expansion of its Canadian presence in Ottawa, Toronto, and Vancouver with plans for ongoing growth, according to a press release on 13 June 2022. This year, the company hired approximately 120 new workers to the Marvell Canada team to support the company's sust...
    14-Jun-2022 News Investments
    Renesas invests USD10 million in open-source company Arduino
    Renesas Electronics, a supplier of advanced semiconductor solutions has announced an investment in Arduino’s new round of Series B funding, according to a press release on 14 June 2022. Renesas' collaboration with Arduino enables it to make its extensive range of products available for Arduino's t...
    14-Jun-2022 News Investments
    CATL begins production at first battery plant in south China’s Guangdong Province
    China’s largest battery maker Contemporary Amperex Technology Limited (CATL) has commenced production operations at its first EV battery plant situated in Zhaoqing production base, which is located in Zhaoqing High-tech Zone, south China’s Guangdong Province, the company said on 30 May 2022. The...
    13-Jun-2022 News Investments
    Stellantis to build EVs on STLA Large platform at Windsor-based plant in Canada
    Italian–American automaker Stellantis plans to build electric vehicles on its STLA Large platform at its Windsor, Ontario based manufacturing unit in Canada, the company announced on 3 June 2022. The company said it also plans to discontinue the production of the current L-series vehicles, which i...
    13-Jun-2022 News Investments
    Pirelli to open new software development center in Italy
    Pirelli has announced via press release on 20 May that it will open a new center for the development of software and digital solutions in Bari, Italy with an investment of EUR9 million (USD9.48 million) between 2022 and 2024 partially financed by the Puglia Regional Government based on the projects ...
    13-Jun-2022 News Investments
    Aptiv plans to open new plant in Mexico
    Aptiv has planned to build a new factory in Coahuila, Mexico, to manufacture electric harnesses for the state's automotive sector, according to a report published by Mexico Business News on 8 June 2022. The project will cost USD14.7 million to complete and will create 3,200 employments. COBA...
    Autonomous mobility AI startup Motovis receives investment from Continental in Series C round
    Autonomous driving artificial intelligence (AI) company Motovis has received funding from Continental during its Series C funding round, the company said in a press release on 13 June. The companies will develop novel intelligent mobility solution and mass produce autonomous driving technology. ...
    13-Jun-2022 News Investments
    Rio Tinto invests USD10 million in low-cost battery cathode specialist Nano One
    Canadian battery tech company Nano One announced via press release on 9 June that Anglo-Australian mining company Rio Tinto had made a USD10 million strategic equity investment into its operations. According to the press release, the funding by Rio Tinto will be directed toward Nano One...
    10-Jun-2022 News Investments
    Brose to invest USD20.6 million to expand operations in Mexico
    Brose will invest MXN404 million (USD20.6 million) investment to expand its operations in Queretaro, Mexico, which will create 110 highly specialized jobs, according to a report published by Mexico Business News on 1 June 2022. This is the first investment announcement made by Governor ...
    10-Jun-2022 News Investments
    Japan’s Sumitomo to establish wiring harness factory in Egypt
    Japan’s Sumitomo Group has signed a memorandum of understanding (MOU) with Egypt’s General Authority for Investment and Free Zones to set up a plant to manufacture wiring harnesses for vehicles in Egypt, according to a report published by Arab News on 8 June 2022. The deal is for the developm...
    10-Jun-2022 News Investments
    Bosch Global Software Technologies opens new software center in Vietnam
    Bosch Global Software Technologies (BGSW) celebrated the opening of new software center in Hanoi, Vietnam, marking its official start of the operation, according to a report published by Vietnam Economic News on 7 June 2022. BGSW will increase efforts for regional development, advanced technologi...
    09-Jun-2022 News Investments
    Volkswagen opens Battery Engineering Lab in Chattanooga, US
    German carmaker Volkswagen’s US arm, Volkswagen of America has opened its Battery Engineering Lab (BEL) in Chattanooga, to test and optimize EV batteries for the US market, the company announced on 8 June 2022. The company said it has invested USD22 million in setting up the battery engineering la...
    09-Jun-2022 News Investments
    Solid state lithium battery startup Ion Storage Systems raises over USD30 million in Series A round
    Ion Storage Systems has raised over USD30 million in Series A funding round, exceeding its original target, it said in a press release on 7 June. The oversubscribed round was led by Clear Creek Investments, VoLo Earth Ventures, and Alsop Louie Partners with participation from Toyota Ventures, Tenask...
    08-Jun-2022 News Investments
    LG Innotek plans to invest USD80 million in Mexico
    LG Innotek has announced that it plans to expand its operations in San Juan del Ro, Queretaro, Mexico, offering a new source of employment, according to a report published by Cluster Industrial on 30 May 2022. LG's Director, Mauricio Sanchez, indicated that the investment for this year will be US...
    08-Jun-2022 News Investments
    Schaeffler to invest over USD85 million to set up a central laboratory in Germany
    German automotive component supplier Schaeffler AG plans to invest EUR 80 million (over USD85 million) to set up a state-of-the-art central laboratory at its Herzogenaurach campus in Germany, the company announced on 2 June 2022. It said that it has laid the foundation stone for its cross-divisional...
    08-Jun-2022 News Investments
    JSW Steel to invest USD2.5 billion to expand capacity by 10 million TPA
    Indian business newspaper Financial Express reported on 31 May that Indian steel company JSW Steel will be investing USD2.5 billion to expand production capacity in the country by 10 million tons to 36 million tons per annum (TPA). According to the report, the 10 million TPA capacity expansi...
    07-Jun-2022 News Investments
    Spanish government to help fund ArcelorMittal’s USD1.1 billion Gijón green steel plant
    Steel manufacturing company ArcelorMittal announced via press release on 1 June that the government of Spain had pledged to financially support its plans to decarbonize its sites in the country. According to the press release, the funding, part of the government’s Recovery and Resilience Plan, ...
    07-Jun-2022 News Investments
    Radar startup Vayyar Imaging raises USD108 million in series E funding
    Vayyar Imaging, a 4D imaging radar supplier has announced that it has secured a USD108 million series E financing round led by Koch Disruptive Technologies (KDT), bringing the company's total funding to over USD300 million, according to a press release on 6 June 2022. GLy Capital Management and A...
    07-Jun-2022 News Investments
    ASML plans to invest USD200 million to expand chipmaking facility in the US
    A semiconductor manufacturing equipment maker ASML plans to invest USD200 million to expand its facility in Wilton, Connecticut, according to a report published by ExecutiveGov on 3 June 2022. According to the US Department of Commerce, the expansion project at ASML Wilton, the company's biggest ...
    06-Jun-2022 News Investments
    Birla Carbon to expand global carbon black production capacity by 200 KMT
    Indian carbon black manufacturer Birla Carbon announced via press release on 31 May that it will expanding its global carbon black manufacturing capacity by 200 kilo metric tons (KMT) in response to increased demands for the material from the rubber and specialty applications markets. According t...
    03-Jun-2022 News Investments
    BMW lays foundation stone for a new EV manufacturing plant in Hungary
    German luxury carmaker BMW has laid the foundation stone for its new electric vehicle (EV) manufacturing plant in Debrecen, Hungary, it announced on 1 June 2022. BMW said that the company is planning to invest EUR1 billion (USD1.07 billion) in setting up the EV plant, which is slated to produce the ...
    03-Jun-2022 News Investments
    Navya to supply autonomous shuttles for EU-funded ULTIMO project
    Navya, an autonomous mobility company, has been chosen to participate in the ULTIMO project, which is funded by the European Commission and the Swiss federal government as part of the Horizon Europe research and innovation program, according to a press release on 1 June 2022. ULTIMO is the succes...
    ZF Friedrichshafen establishes new technology center in India
    Global technology company ZF Friedrichshafen has announced the establishment of a new technology centre in Hyderabad, India, according to a report published by The Hindu on 1 June 2022. The complex, which spans 300,000 square feet, is the group's largest software hub. It will be essential to the ...
    03-Jun-2022 News Investments
    Ford plans to invest USD3.7 billion across Michigan, Ohio and Missouri plants
    The maker of all-electric F-150 Lightning pick-up trucks Ford Motor Company has announced that it plans to invest USD3.7 billion on its manufacturing facilities located in Michigan, Ohio and Missouri in the US as part of its strategy to increase production capacity for electric vehicles (EVs) and de...
    03-Jun-2022 News Investments
    Edscha opens new machining center in Spain
    Edscha, a Gestamp Group automotive supplier company has opened a new state-of-the-art machining center in Burgos, Spain, according to a press release published by Edscha on 31 May. The new manufacturing facility will enable Edscha to further increase production to meet the growing vehicle demand. ...
    03-Jun-2022 News Investments
    Hankook Tire opens new proving ground in South Korea
    Global tiremaker Hankook has opened a new proving ground facility, Hankook Technoring in Taean, South Korea, according to a press release published by the company on 25 May. The testing facility will enable Hankook with state-of-the-art research and development (R&D) functionalities to enhance t...
    03-Jun-2022 News Investments
    Mercedes-Benz lays foundation for advanced battery R&D center at Stuttgart plant
    German luxury carmaker Mercedes-Benz announced on 31 May 2022 that it has laid the symbolic foundation for a new center of competence for the EV battery cell research and development (R&D) at its main plant in Stuttgart-Untertürkheim. The planned new battery R&D facility, which will focus o...
    02-Jun-2022 News Investments
    Joyson Electronics to build new automotive electronics development center in Mexico
    Joyson Electronics has announced that the company will build a new technology research and development (R&D) center in Mexico with focus on automotive electronics that include artificial intelligence (AI) design and development, next-generation automotive cockpit and other related products, IMed...
    02-Jun-2022 News Investments
    Xiaomi invests in EV charging company KBVIP
    Xiaomi‘s Hanxing Venture Capital has invested in BACN and CATL joint venture (JV) electric vehicle (EV) charging company KBVIP, Pandaily reported on 2 June. Chen Shengwang, CEO of KBVIP, said, “The company will develop fast charging and battery detection technology for EVs, and build a global...
    02-Jun-2022 News Investments
    ArcelorMittal Nippon Steel India to invest USD1.1 billion in new cold-rolling and galvanizing lines
    Nikkei Asia reported on 1 June that joint venture ArcelorMittal Nippon Steel (AM/NS) India will invest USD1.1 billion to build advanced steel processing lines at the AM/NS integrated steelworks plant in Hazira, Gujarat, India. According to the report, the installations will include a cold-rolling...
    02-Jun-2022 News Investments
    India’s Attero plans to build battery recycling plants in Europe, US, and Indonesia
    Indian battery recycling company Attero plans to invest USD1 billion over the next five years in building recycling plants for used lithium-ion (Li-ion) batteries from electric vehicles and other sources in Europe, the US, and Indonesia, according to a report filed by Reuters on 31 May 2022. ...
    01-Jun-2022 News Investments
    BMW i Ventures invests in blockchain startup Vendia
    BMW I Ventures has made an additional investment in blockchain startup Vendia as a part of its Series B funding round, having invested in the previous round as well, the venture fund said in a press release on 31 May. “Vendia offers a unique platform solution for businesses that depend on a mul...
    01-Jun-2022 News Investments
    Britishvolt to build a battery cell development center in West Midlands, UK
    Britishvolt plans to build a battery development and scale up facility in the West Midlands and has earmarked investments of more than GBP200 million (over USD252 million), the company announced on 31 May 2022. The battery technology company said it will partner logistics and real estate operator Pr...
    01-Jun-2022 News Investments
    Canada-based Axiom Engineered Systems opens new injection molding facility in the US
    Axiom Engineered Systems, an Axiom group company has announced that it opened a new injection molding facility in Capac, Michigan, US, according to a press release published by the company on 31 May. The facility marks the first establishment in US and includes plastic injection manufacturing, wareh...
    01-Jun-2022 News Investments
    Toyoda Gosei Invests in wireless technology startup Space Power Technologies
    Toyoda Gosei has announced that the company invested in Kyoto-based wireless power startup Space Power Technologies, according to a press release published by the Japanese supplier on 27 May. Space Power Technologies is based on the original research conducted by Dr. Shinohara of Kyoto University. ...
    01-Jun-2022 News Investments
    Mitsubishi Chem to increase low-expansion LiB anode production capacity in China
    Japanese chemical company Mitsubishi announced via press release on May 30 that it will be expanding the production capacity of low-expansion natural graphite battery anode materials at its sites in the Shangdong Province, China. According to the press release, the company will be expanding produ...
    01-Jun-2022 News Investments
    Solid-state battery startup Natrion raises USD2 million in seed funding
    Natrion has raised USD2 million in seed funding round, the electric vehicle (EV) solid-state battery technology startup said in a press release on 25 May. The round was led by TechNexus Venture Collaborative with participation from Tamarack Global, Mark Cuban, Illinois Ventures, and other private in...
    31-May-2022 News Investments
    EV charging company Wallbox to expand charging operations across North America
    Electric vehicle (EV) charging and energy management solutions company Wallbox has announced charging network expansion in North America through strategic collaborations and establishing new facilities across the region, it said in a press release on 26 May. Oriol Riba, COO at Wallbox, said, “T...
    31-May-2022 News Investments
    STS Group to build new plant in China to manufacture interior and hard exterior trims
    Germany-based automotive interior and exterior parts supplier STS Group AG has announced that it signed a Memorandum of Understanding (MoU) with the Government of Taixing City to build a new manufacturing plant to further expand its presence in China, according to a press release published by the co...
    31-May-2022 News Investments
    Jiangsu General Science Technology to invest USD300 million in new Cambodian tire plant
    The Phnom Penh Post reported on 25 May that Wuxi-based tire company Jiangsu General Science Technology Co Ltd has invested nearly USD300 million to build the largest tire factory in the Sihanoukville Special Economic Zone (SSEZ) in Cambodia. According to the report, the project is expected to be ...
    31-May-2022 News Investments
    South Korea's SK to invest USD195 billion for chips, batteries, biotechnology through 2026
    SK Group, South Korea's second-largest conglomerate behind Samsung Group, announced that it will invest KRW247 trillion (USD195.24 billion) over the next five years in the semiconductor, battery, and biopharmaceutical industries, according to a report published by The Korean Economic Daily on 26 May...
    30-May-2022 News Investments
    Sayona receives USD136 million institutional placement for 2023 restart of NAL lithium project
    Australian mining company Sayona Mining announced via press release on 27 May that it had successfully raised USD136 million through an institutional placement made by global institutional, professional, and sophisticated investors. According to the release, the bulk of the investment will be use...
    BASF doubles Irganox antioxidant production capacity in Singapore
    BASF has announced via press release on 17 May that it expanded its production capacity for its antioxidant Irganox 1010 at its manufacturing plant in Jurong Island, Singapore. The new addition includes an integrated production line that will double its existing output.   Hermann Althoff, SV...
    27-May-2022 News Investments
    Geely, Farasis Energy to build second battery plant in China
    Geely, one of the largest vehicle manufacturers in China, and its battery supplier Farasis Energy have begun constructing their second EV battery plant project, which is located in the Fuling district, Chongqing, southwest China, a report filed by CNEVPOST said on 19 May 2022, citing a company annou...
    27-May-2022 News Investments
    Smart mobility security expert AUTOCRYPT raises USD25.5 million in Series B funding
    AUTOCRYPT, a secure mobility and V2X communications company, has announced that it has raised USD25.5 million in a Series B funding round, with a post-money valuation of USD120 million, according to a press release on 26 May 2022. The investment was led by Korea Asset Investment Securities, Ulmus...
    27-May-2022 News Investments
    Huayou to accelerate development of Arcadia lithium mine with USD300 million investment
    News agency Reuters reported on 24 May that mainland Chinese lithium-ion (Li-ion) battery materials producer Zhejiang Huayou Cobalt will be investing USD300 million to accelerate development of its newly acquired Arcadia lithium mine in Zimbabwe. According to the news report, the new investment w...
    26-May-2022 News Investments
    BASF expands automotive coatings application center in India
    BASF has announced that it expanded its automotive coatings application center at the company’s technology center in Mangalore, India, according to a press release published by BASF on 25 May.   Narayan Krishnamohan, managing director, BASF India Ltd. and head, BASF Group Companies in Indi...
    26-May-2022 News Investments
    Shinhwa invests USD78 million in new Auburn aluminum part manufacturing facility
    The Office of the Governor of Alabama announced via press release on 17 May that South Korean automotive parts manufacturing company Shinhwa will be investing USD78 million to build a new parts manufacturing facility in Auburn, Alabama. According to the press release, the new facility will Shinhw...
    25-May-2022 News Investments
    Bosch makes strategic investment in Chinese autonomous mobility startup WeRide
    WeRide, an autonomous driving technology company has announced the strategic investment received from Bosch, according to a report published by GlobeNewswire on 25 May 2022. The company did not disclose the amount of investment. The two organizations have signed an agreement to work together on d...
    25-May-2022 News Investments
    Indian self-driving technology startup Minus Zero raises USD1.7 million in seed funding
    India-based self-driving technology startup Minus Zero has announced that it has raised USD1.7 million in seed funding led by Chiratae Ventures, JITO Angel Network and senior executives from tech companies like Nvidia, and Lyft, according to a report published by The Hindu Business Line on 23 M...
    25-May-2022 News Investments
    ZKW to invest USD102 million on plant expansion in Mexico
    ZKW Group has announced that the company commenced construction of USD102 million expansion project in its Silao plant in Guanajuato, Mexcio, according to a press release published by State Government of Guanajuato on 20 May. The development marks the third extension to increase production of headli...
    25-May-2022 News Investments
    Stellantis, Samsung SDI JV to build Li-ion battery plant in the US
    Stellantis N.V. and its battery partner Samsung SDI have announced on 24 May 2022 that their joint venture (JV) company has executed binding, definitive agreements to set up an electric vehicle (EV) battery manufacturing plant in Kokomo, Indiana, US. The Gigafactory, which is expected to begin co...
    25-May-2022 News Investments
    Hydro to invest USD33 million to upgrade Karmøy low-carbon aluminum plant
    Norwegian aluminum and renewable energy company Hydro announced via press release on 19 May that it will investing NOK320 million (USD33 million) to upgrade its Karmøy aluminum smelter that runs on hydropower. According to the press release, the move will allow the company to strengthen the plan...
    24-May-2022 News Investments
    ILJIN to invest USD641 million in new battery copper foil plant in Catalonia
    The government of Catalonia announced via press release on 16 May that South Korean company ILJIN Materials will be investing USD641 million (EUR600 million) to build a new battery copper foil plant in the region. According to the press release, the new 30,000-square-meter plant will be loca...
    24-May-2022 News Investments
    Zhongke Electric to set up new 100,000-ton battery anode plant in Sichuan, China
    Chinese supplier Zhongke Electric announced via press release on 16 May that it had decided to set up a lithium-ion battery anode material integration plant in Meishan, Sichuan, mainland China. According to the press release, the new plant is expected to have a production capacity of 100,000 tons...
    24-May-2022 News Investments
    BMW to open Cell Manufacturing Competence Center near Munich later in 2022
    The BMW Group plans to open its Cell Manufacturing Competence Center (CMCC) in Parsdorf, outside of Munich later this year, the company announced on 23 May 2022. “With the emission control approval procedure now completed, the necessary conditions are in place for commissioning of near-standard pr...
    24-May-2022 News Investments
    Yeolight Technology to construct new OLED lighting production facility in China
    China-based OLED lighting developer Yeolight Technology has announced the construction of a new CNY2 billion (USD298.58 million) 4.5-generation OLED lighting fab in Huaibei City, Anhui Province, mainland China, reported QQ on 23 May. Significance: Yeolight Technology’s investment comes at a tim...
    24-May-2022 News Investments
    Faurecia to invest USD147 million in new interiors plant in Mexico
    Faurecia, a Forvia Group company has announced an investment of USD147 million to construct a new shared plant in Nuevo Leon, Mexico, that will have instrument panels, production lines for other interior modules, technologies and processes such as plastic injection, vibration welding, ultrasonic wel...
    24-May-2022 News Investments
    Hyundai Motor Group earmarks investment of over USD10 billion by 2025 in the US
    Hyundai Motor Group (HMG) announced on 23 May 2022 that the company is increasing its investment to more than USD10 billion in the US by 2025 with an aim to become a leading player in sustainable and smart mobility solutions. The announcement comes soon after Hyundai signed an agreement with the ...
    24-May-2022 News Investments
    Imec spin-off SOLiTHOR raises USD10.4 million in seed investment round
    SOLiTHOR has raised EUR10 million (USD10.4 million) in a seed investment round led by imec.xpand with participation from LRM, Nuhma and FPIM, the IMEC spin off company said in a press release on 16 May. The company will use the funds to develop the electrification technologies with solutions that ad...
    23-May-2022 News Investments
    Hyundai to invest USD5.54 billion in setting up EV, battery plants in the US
    South Korean carmaker Hyundai Motor Group has signed an agreement with the State of Georgia, US, to build its first dedicated electric vehicle (EV) and battery manufacturing facilities, the company announced on 20 May 2022. Hyundai said that the new EV plant and battery manufacturing facilities...
    23-May-2022 News Investments
    GlobalFoundries launches GF Labs to advance technology innovation
    GlobalFoundries has announced the launch of GF Labs, a new program that extends the development horizon of innovative, distinguished semiconductor technology and expands the company's range of solutions, according to a press release on 19 May 2022. The company said that the GF Labs will concentra...
    23-May-2022 News Investments
    Startup ChargeLab raises USD15 million in Series A round
    ChargeLab has raised USD15 million in Series A financing round, the company said in a press release on 19 May. The round was led by King River Capital, with participation from ABB E-Mobility and existing investors including Construct Capital, Root Ventures, Highline Beta, Third Sphere, and Maple VC....
    20-May-2022 News Investments
    Nouveau Monde and Mason Graphite to jointly develop Lac Guéret graphite mine
    Canadian mining company Nouveau Monde (NMG) announced via press release on 16 May that it had entered into an investment agreement with Canadian mineral processing company Mason Graphite to develop the Lac Guéret graphite mine. According to the press release, the highlights of the investment agr...
    19-May-2022 News Investments
    Entek to expand production capacity of LiB battery separators at US sites
    US manufacturer of battery separator material Entek announced via press release on 26 April that it will be expanding its lithium-ion (Li-ion) battery separator manufacturing capacity in the United States through till 2027. According to the press release, the capacity expansion will allow th...
    19-May-2022 News Investments
    Texas Instruments opens new 300-mm semiconductor wafer fabrication plants in US
    Texas Instruments (TI) has announced the opening of its new 300-mm semiconductor wafer fabrication plants in Sherman, Texas, according to a press release on 19 May 2022. Rich Templeton, chairman, president, and CEO of TI, announced the start of construction on the private-sector economic investme...
    19-May-2022 News Investments
    Lucid Motors reveals new details on its planned Saudi Arabia factory
    Arizona-based electric vehicle (EV) maker Lucid Motors held a ceremonial signing event in Riyadah with the Ministry of Investment of Saudi Arabia (MISA), the Saudi Industrial Development Fund (SIDF), Emaar, The Economic City, at King Abdullah Economic City (KAEC) and Gulf International Bank (GIB) to...
    19-May-2022 News Investments
    BMW i Ventures invests in Series A-1 round of startup Mangrove Lithium
    BMW i Ventures has announced a lead investment in the Series A-1 financing round of Mangrove Lithium, a company press release on 17 May read. Existing investor Breakthrough Energy Ventures also participated in the round. Mangrove Lithium is a Vancouver, Canada-based company, which has developed a pl...
    18-May-2022 News Investments
    EV motor startup Infinitum Electric raises USD80 million in Series D funding
    Infinitum Electric has announced the closure of its Series D funding round in which it raised USD80 million, according to a company press release on 17 May. The round was led by Riverstone Holdings along with Alliance Resource Partners, Applied Ventures, and existing investors Cottonwood Technology ...
    18-May-2022 News Investments
    Autonomous driving technology startup PhiGent Robotics raises USD30 million in Series B financing
    PhiGent Robotics has completed its series A financing round and raised USD30 million, PanDaily reported on 18 May. The round was led by Ince Capital, with participation from existing shareholders Atypical Ventures, 5Y Capital, and Jinshajiang Venture Capital. Its strategic investor Deepshire Investm...
    18-May-2022 News Investments
    Renesas to restart operation at Japanese factory to boost power semiconductor production
    Renesas Electronics, a supplier of semiconductor solutions has announced that it will conduct a JPY90 billion (USD695 million) worth of investment in its Kofu Factory, located in Kai City, Yamanashi Prefecture, Japan, according to a press release on 17 May 2022. Renesas plans to revive the factory i...
    18-May-2022 News Investments
    EV maker Li Auto’s affiliate Leading Ideal HK sets up new auto parts subsidiary in China
    Li Auto’s affiliate Leading Ideal HK Limited has setup a wholly owned auto components subsidiary Sichuan Ideal Zhidong Technology Co. Ltd. in Sichuan province, China with a registered capital of CNY100 million (USD14.72 million), Pandaily reported on 17 May. In addition to selling new energy ve...
    18-May-2022 News Investments
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