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    All those in favor of smarter cockpits say AI
    With reports that consumers are starting to push back against the vogue for sleek looking, but frustrating to use, in-vehicle interfaces AI is set to be the vehicle interior designer’s secret weapon. AI could succeed in making more drivers and passengers receptive to their minimalist interiors and could banish buttons forever.  Click the link above to download the whole article.
    Titan Silicon can completely replace graphite from battery anode: Sila Nanotechnologies
    Sila’s anode material plant in Moses Lake, Washington, will produce enough material to serve up to 200,000 electric vehicles in its first phase. With Mercedes-Benz as its first official customer, Sila is working through an early qualification process with other potential customers. Sila’s innovative silicon materials can entirely replace graphite from battery anode. Berdichevsky gives a detailed account of how Sila was formed, the advantages of breakthrough silicon anodes in EV...
    Volkswagen evaluating EV battery plant in Indonesia
    Europe’s largest carmaker Volkswagen AG (VW) may set up an electric vehicle battery manufacturing plant in Indonesia, according to a news report published by Electrive.com on May 30. The report cited Ikmal Lukma, secretary of the Indonesian Ministry of Investment, who spoke to the local media about VW’s plan of investing around €4.7 billion in the battery factory. Without disclosing the location for the said plant, the report added that the construction is expected to begin later i...
    China’s Great Wall Motor plans to set up battery-pack assembly plant in Thailand
    Chinese carmaker Great Wall Motor Co. (Great Wall) plans to invest up to $30 million to set up a new battery-pack assembly plant in Thailand, according to a news report published by Reuters on May 30. The news report cited a company official. Great Wall already plans to commence assembling compact electric vehicles in Thailand from 2024. In addition, the company is also considering setting up a research and development (R&D) center in Thailand. The facility will do research o...
    Hyundai Motor, LG Energy Solution team up to build EV battery plant in Georgia
    Hyundai Motor Group and electric vehicle battery manufacturer LG Energy Solution (LGES) have signed a memorandum of understanding (MOU) to establish a battery-cell manufacturing joint venture in the US, the two companies said in a joint announcement May 26. Hyundai Group and LGES will each hold a 50% stake in the planned battery cell JV, which will involve an investment of over $4.3 billion, the companies said. The MOU between the two companies entail local production of EV batteries ...
    ZF invests in steering wheel production site in China
    ZF Group has reached an agreement with the management committee of the Shandong Rizhao Economic and Technological Development Zone for a new project, which will see the auto-parts maker set up an automotive steering wheel project, INF News reported May 29. ZF will initially invest €20 million to start mass production within three months of the signing of the agreement. Once the project enters the final stage, it is expected that the annual output value will exceed 800 million Chinese yuan (...
    BorgWarner to make fresh investment in Mexico to produce battery-cooling plates
    US auto-component maker, BorgWarner announced plans to invest in its Ramos Arizpe Campus, Mexico, where it will produce innovative battery-cooling plates destined for a carmaker’s next generation of electric vehicles, the company said May 25, without revealing the investment figure. The company said this investment will strengthen its competitive position within e-mobility by adding specialized talent and increasing capacity for future EV application development. “This signif...
    Italian EV charging company Alpitronic to set up North American headquarters in Charlotte, NC
    Alpitronic America Inc. (Alpitronic), a subsidiary of Italy-based electric vehicle charging equipment manufacturer Alpitronic Srl, plans to set up its North American headquarters in Charlotte, a commercial hub in North Carolina, US, according to an update published by the local government on its website May 23. The company plans to invest $9.3 million in setting up an EV charging equipment manufacturing plant off of Westpark Drive, NC, creating more than 300 new jobs, it said, addin...
    Porsche Digital opens new office in Mexico
    In a press release May 25, Porsche Digital GmbH (Porsche Digital) announced the opening of a new office in Guadalajara, Mexico. The subsidiary of Porsche AG will develop and optimize digital products and services for Porsche customers at the Mexican location. With the new location in Mexico’s second-largest city, Porsche Digital now operates 10 offices in leading global technology centers in Europe, the US, China and Latin America. “We are expanding our international teams with ...
    Stellantis invests in Lyten to develop applications for advanced lithium-sulfur-based EV batteries
    In a press release dated May 25, Stellantis and Lyten announced that Stellantis Ventures, the corporate venture fund of Stellantis, invested in Lyten to accelerate the commercialization of Lyten 3D Graphene applications for the mobility industry, including the LytCell Lithium-Sulfur electric vehicle battery, lightweighting composites and novel onboard sensing. Lyten, a pioneer of 3D Graphene, will leverage the unique tunability of the material to enable enhanced vehic...
    Tata Motors likely to build EV battery-manufacturing plant in the UK
    Leading Indian automaker Tata Motors is expected to have chosen the UK for setting up its planned electric vehicle battery-manufacturing plant in Europe, according to a news report published by the BBC on May 25. The report cited people aware of the matter. The said gigafactory, which is expected to come up in Somerset, UK, would be a multibillion-pound project that would create up to 9,000 new jobs at the Bridgwater, UK, site, close to the M5, the report mentioned. The report pointed out tha...
    Lear plans to open new connection systems plant in Morocco
    Lear Corp. has announced plans to open a connection systems plant in Morocco in the third quarter of 2023 that will manufacture injection molded parts and engineered plastics for automakers, suppliers and Lear’s E-Systems and Seating business units, according to a press release dated May 23. “As one of the largest automotive employers in Morocco, Lear is proud to be opening a state-of-the-art facility in a country where we have been doing business since 2003,” said Enrique Orta, Le...
    NI announces software-defined battery lab solution to accelerate battery validation
    In a press release dated May 23, NI has announced the launch of its software-defined battery lab solution. Designed for electric vehicle battery-validation labs, the new offering marks a critical milestone in NI’s comprehensive testing capabilities covering the entire, sustainable battery life cycle from research and development to validation, production, second life and remanufacturing. Through software, the solution allows battery validation, data management and analysis of batt...
    Analog Devices plans to invest €630 million in semiconductor R&D and manufacturing facility in Limerick, Ireland
    Analog Devices has announced a new €630 million investment at its European regional headquarters in the Raheen Business Park in Limerick, Ireland, a May 15 press release read. The investment enables the construction of a new 45,000-square-feet research and development (R&D) and manufacturing facility. The new facility will help ADI develop next-generation signal processing advances that will assist to expedite the digital transformation of the industrial, automotive, healthcar...
    Micron plans to bring extreme ultraviolet (EUV) technology to Japan
    Micron Technology (Micron) has announced that it will be introducing extreme ultraviolet (EUV) technology to Japan to manufacture its next generation of dynamic random-access memory (DRAM), the 1-gamma (1γ) node, according to a press release May 17. Micron will be the first semiconductor company to bring EUV technology to Japan for production, with its Hiroshima, Japan, fab playing a critical role in the company’s development of the 1-gamma node. Micron expects to invest up to ¥500 bil...
    Autonomous driving technology startup Mogo Auto secures series C2 funding
    Startup Mogo Auto has successfully raised 580 million yuan ($83 million) in C2 round financing, according to a report published by 36Kr on May 6. Chengdu Science and Technology Investment Group, Zhuhai Haidou Science and Technology Investment Group, Tencent, and car-finance business Yixin Group are among the investors in this round. Mogo Auto, founded in 2017, has developed a Level 4 autonomous driving system on its own. The business has created a standardized product package for se...
    BMW Group to commence production of Neue Klasse range of EVs in China from 2026
    German luxury-car maker BMW Group (BMW) announced May 18 that the company plans to commence local production of its upcoming Neue Klass range of electric vehicles in China from 2026. The announcement, which marked the 20th anniversary of the carmaker’s joint venture in China — BMW Brilliance Automotive Ltd. (BBA), stated that the next-generation EV models from the Neue Klasse range will be produced by BBA in Shenyang, China, following the market launch of the said vehicles in 2025....
    Stellantis, LGES suspend EV battery plant construction in Canada
    Stellantis and its battery supplier LG Energy Solution (LGES) have suspended the construction work of their US$3.7 billion electric vehicle battery manufacturing plant in Canada as the government has failed to provide the promised support, according to a news report published by Reuters on May 16. Citing a company spokesperson, the news report said, “Effective immediately, all construction related to the battery module production on the [Windsor, Ontario, Canada] site has sto...
    Vehicle Inspection Startup Spinframe gets fresh fund of $8 million
    Spinframe, the developer of vehicle inspection systems based on AI, computer vision and machine-learning technologies that create Digital Twins for vehicles throughout the supply chain and detect anomalies from the assembly line throughout the vehicle journey to the dealership and end customer, has received a fresh funding of $8 million led by ZIM Integrated Shipping Services, according to a press release from PRNewswire dated May 17. Spinframe's monitoring platform has already been...
    Anovion Technologies plans to set up a battery-material production plant in Georgia
    Chicago-based materials company Anovion Technologies announced May 15 that it plans to build a manufacturing plant for critical battery materials at Decatur County in Southwest Georgia. The planned facility will be Anovion’s first large-scale expansion of manufacturing capacity for production of its premium synthetic graphite anode materials, the company said. It added that the said location was chosen for its initial 1.5 million-square-foot facility based on its proximity to existing ...
    Nokian Tyres breaks ground on new passenger-car tire factory in Romania
    According to a press release May 11, Nokian Tyres broke ground for the company’s new passenger-car tire factory in Oradea, Romania. A groundbreaking ceremony has been held at Nokian Tyres’ upcoming, zero-CO² emission factory in Oradea. The total investment for the site is estimated to be approximately €650 million. Upon completion, the facility will have an annual capacity of 6 million tires with the potential to increase this number if required. Commercial tire producti...
    Startup Ethernovia raises $64 million to accelerate software-defined vehicle development
    Ethernovia has announced that it has completed its A-round financing of $64 million, according to a press release dated May 15. The funding round consists of multiple investors, including Porsche Automobile Holding SE (Porsche SE), Qualcomm Ventures, VentureTech Alliance, AMD Ventures, Western Digital Capital, Fall Line Capital, Taiwania Capital, ENEA Capital and others. “The connected car of the future requires high bandwidth and secure in-vehicle communication,” said Carlos Kokron,...
    Bosch leads A+ funding round of automotive-software startup AutoCore.ai
    Automotive system software startup AutoCore.ai has completed its Series A+ round of fundraising, a company press release dated May 15 read. The round was led by Bosch Ventures and BoYuan Capital, joined by existing shareholder GL Ventures. The investment will propel the startup to its next phase of growth. The partnership with Bosch will enable AutoCore.ai to move its computing solutions to mass production stage. The startup will be able to leverage Bosch's network and communities for the sof...
    Stellantis to pick 33.3% stake in zero-emission hydrogen mobility firm Symbio
    In a significant development toward clearer mobility, Faurecia, a company of the Forvia group, Michelin and Stellantis announced the signing of a binding agreement for Stellantis to acquire a 33.3% stake in Symbio, a leader in zero-emission hydrogen mobility. Faurecia and Michelin will remain shareholders with 33.3% holding each, a company statement dated May 16 said. The announcement is an important initiative in the decarbonization of the mobility industry and illustrates Symbio...
    German government to support Northvolt in building a 60 GWh gigafactory in Germany
    Swedish battery-maker Northvolt AB (Northvolt) plans to set up a 60 GWh gigafactory in Germany and will be supported by the German federal government in this initiative, according to a joint press release published May 12 by the German Federal Ministry for Economic Affairs and Climate Action and Northvolt. “The German [federal] government as well as the Schleswig-Holstein [state] government stand ready to support the establishment of a gigafactory for battery cells in [Heide, Germany] ...
    Hyundai plans to invest $2.45B in India operation
    Hyundai Motor Co. (Hyundai) announced plans to invest $2.45 billion in the Indian state of Tamil Nadu over the next 10 years to beef up electric vehicle (EV) production, Reuters reported on May 11. Hyundai, through its Indian subsidiary Hyundai Motor India, will also set up a battery-pack assembly unit with an annual capacity of 178,000 units and install 100 EV charging stations across the southern state in the next five years, it said in a statement. The company plans to increase the...
    Hyundai Motor Group plans to build a $1.6 billion EV manufacturing plant in South Korea
    South Korean carmaker Hyundai Motor Group plans to invest about $1.59 billion to build a dedicated EV manufacturing plant in the southeastern coastal city of Ulsan, according to a news report published by The Korea Herald on May 9. It said that with the new EV plant, Hyundai aims to consolidate its position in the emerging electric car segment. The new EV plant, which will be spread across an area of 230,000-square-meters, is expected to be Hyundai’s new car manufacturing plant being built ...
    China’s EVE Energy to build a battery production plant in Debrecen, Hungary
    Chinese battery manufacturer EVE Energy Company Ltd plans to build a battery production plant in Debrecen, Hungary, according to a news report published by Chinese news agency Xinhua on May 10. The report cited Hungarian Minister of Foreign Affairs and Trade Peter Szijjarto, who confirmed the development on Tuesday. EVE Energy is expected to invest about $1.18 billion in the Eastern European country to set up its production base. The planned battery plant is estimated to create more than 1,00...
    Tesla breaks ground on its in-house lithium refinery in Texas
    US electric vehicle (EV) maker Tesla Inc. (Tesla) broke ground on its in-house lithium refinery located in the greater Corpus Christi area of Texas, the company announced in a blog post on its website on May 8. Tesla said it has earmarked investments of more than $1 billion for the said facility. “This investment is critical to our mission to accelerate the world’s transition to sustainable energy and represents our efforts to aggressively increase the supply of battery-grade lithium...
    ElringKlinger to supply cell contact systems to BMW’s Neue Klasse range of EVs
    German automotive component supplier ElringKlinger AG (ElringKlinger) has received a new contract from luxury carmaker BMW Group (BMW) wherein it will supply the carmaker with cell contact systems for the latter’s upcoming "Neue Klasse" range of EVs, ElringKlinger said May 5. The Dettingen-headquartered company from Germany said that the order from BMW is a new high-volume series production contract covering a period of several years. Commenting on the securing of the...
    Fisher Dynamics to invest $81 million in Matamoros, Mexico
    US-based auto-component maker, Fisher Dynamics Corp. (Fisher Dynamics) is planning an expansion of its manufacturing footprint with an estimated investment of $81 million in its production base in Matamoros, Mexico, which will generate over 1,000 jobs, Mexico Now said in a report dated May 9. Fisher Dynamics, led and managed directly by the Fisher family, has been operating in the border municipality for more than 25 years, where it generates employment for 1,380 people. Now, with t...
    Marquardt to invest over $66 million to construct new production unit in Tunisia
    Marquardt Group (Marquardt) is set to invest approximately $66 million to expand its activities in Tunisia, L'Economiste Maghrebin reported on May 3. The company will begin construction of a second factory at the Neopark El Fejja industrial zone. The first stage of the project involves the construction 32,000-square-meters plant. Construction began in January 2023, with start of production scheduled for 2024. The unit will produce high technical level HMI (human-machine interface) c...
    Webasto opens new sunroof production facility in India
    Webasto Group has opened a second production facility in India, it said in a press release on May 5. The plant at Irungattukottai Sipcot, a suburb of the south Indian city of Chennai, has an initial production capacity of 250,000 units per annum, and a production and storage area that extends over 9,500 square meters. There is scope for expansion in the future. “The Indian roof system market is experiencing a period of extremely rapid growth and openable panoramic roofs are in par...
    AAM invests in EnerTech Global Strategic Mobility Fund
    American Axle & Manufacturing Holdings, Inc. (AAM) has announced a $10 million investment in the Global Strategic Mobility Fund (GSMF), a venture capital fund managed by EnerTech Capital, according to a press release dated May 5. As a strategic partner, AAM gains access to EnerTech's vast network of business alliances and emerging technology, all supporting mobility innovation that can help enhance AAM's products and operations. EnerTech, founded in 1996, has a long history of working wit...
    Chip material startup Impact Nano raises $32 million in funding
    Impact Nano LLC, a startup engaged in making specialty chemicals for the semiconductor industry and others announced that it raised $32 million in funding from investors including Intel Capital and Goldman Sachs Asset Management, according to a press release on May 4. In conjunction with the latest financing, Sean Doyle, Intel Capital managing director, will join the board of directors. The Impact Nano facilities in Massachusetts provide the ability to safely manufacture critical materia...
    AGS Automotive Systems invests $20 million to expand manufacturing facility in Michigan
    Governor Gretchen Whitmer and the Michigan Economic Development Corporation (MEDC) announced that Tier 1 auto supplier AGS Automotive Systems is expanding in Sterling Heights, Mich., according to a press release by MEDC on April 27. The project is expected to generate a total capital investment of $20 million and create 120 good-paying jobs in advanced auto manufacturing and future mobility. “AGS is driving $20 million of investment and creating 120 good-paying jobs in Southeast Michig...
    Wolfspeed and ZF to open R&D center in Nuremberg, Germany, to optimize SiC semiconductor technology
    As part of their strategic partnership announced earlier this 2023, ZF Friedrichshafen and Wolfspeed revealed their plans to establish a joint European research and development (R&D) center for Silicon Carbide (SiC) power electronics in the Nuremberg Metropolitan Region, Germany. The new joint research facility is supported by the German federal government and the regional government of Bavaria. Funding for the new center, such as that for the planned Wolfspeed SiC chip facility...
    Foretellix raises $43 million in Series C first closing
    According a press release on May 2, Foretellix announced that it has raised $43 million in the first closing of its Series C funding round led by 83North, bringing its total raised capital to over $93 million. Woven Capital, the growth fund of Toyota, and NVIDIA joined the financing round, along with Artofin. All major existing shareholders participated, including MoreTech, Nationwide, Volvo Group and Jump Capital. Foretellix will use the funding to accelerate development of its expandin...
    Infineon breaks ground on 300-mm fab in Dresden, Germany
    Infineon Technologies has broken ground for a new plant in Dresden, Germany, together with political leaders from Brussels, Berlin and Saxony, according to a press release on May 2. EU Commission President Ursula von der Leyen, German Federal Chancellor Olaf Scholz, Saxony's Prime Minister Michael Kretschmer and Dresden's Mayor Dirk Hilbert symbolically launched construction work together with Infineon CEO Jochen Hanebeck. The investment volume amounted at €5 billion in the new plant. In...
    Hella plans to invest $4 million to expand its plant in El Salto, Mexico
    German auto supplier Hella is planning to expand its design and manufacturing operations for the automotive industry in Jalisco, Mexico, with an investment of $4 million, MEXICONOW reported on April 28. Currently, the company dedicated to the development and manufacture of electronic components and lighting systems has five plants installed in Mexico, one of which is located in the municipality of El Salto. “It is an investment, from the point of view of the automotive and mobility secto...
    STMicroelectronics and GlobalFoundries secure EU approval to build chip factory in France – report
    According to a report published by Reuters on April 28, STMicroelectronics and GlobalFoundries has secured EU approval to build a chip factory with French state aid in France. “The aid will take the form of direct grants to STMicroelectronics and to GF, to support their investments in the project worth totally 7.4 billion euros ($8.13 billion),” the European Commission said in a statement. The new facility, which will be built next to STMicroelectronics' existing plant in Crolles,...
    Gentex announces investment and collaboration agreement with ADASKY
    Gentex announced that it has closed an agreement with ADASKY as the lead investor in a Series B round of financing and has also established a commercial, engineering and manufacturing collaboration agreement to help bring ADASKY’s proprietary technology to market, according to a press release on May 1. “After several years of investigation, research and dialogue with the ADASKY team, we became very convinced that now was the time for Gentex to help accelerate the technology’s ...
    MG plans to build EV battery plant in Thailand
    SAIC Motor-CP and MG Sales Thailand, manufacturer and distributor of MG cars in Thailand, have held a foundation stone laying ceremony for the NEW ENERGY INDUSTRIAL PARK to build an electric vehicle (EV) manufacturing plant. The company plans to invest 500 million Thai baht ($14.6 million), it said on April 30. Significance: SAIC Motor-CP was established to produce and distribute MG cars sold in Thailand and other ASEAN countries. The factory is located in the WHA Eastern Seaboard Indust...
    Stellantis signs binding offtake agreement with Alliance Nickel
    Stellantis and Alliance Nickel Ltd (formerly GME Resources) have signed a binding offtake agreement for the supply of 170,000 tons of nickel sulphate and 12,000 tons of cobalt sulphate in total over an initial five-year period, Stellantis announced on April 28. “This represents approximately 40% of forecast annual production of the NiWest Nickel-Cobalt Project in Western Australia,” the carmaker said in a statement, adding that the pricing for the nickel and cobalt sulphate is linked to i...
    Honda and GS Yuasa plan $3 billion investment to build battery-cell plant in Japan
    Honda Motor and Japanese battery-maker GS Yuasa will set up a joint venture this 2023 and committed an investment of ¥400 billion (about $2.99 billion) to develop and mass-produce cells for electric vehicles (EVs) and homes in Japan, Nikkei Asia reported on April 28. As a first step, the companies will construct a domestic lithium ion (Li-ion) battery factory with a target capacity of 20 GWh or more. Japan's Ministry of Economy, Trade and Industry will provide a roughly ¥150 billion&nb...
    Continental opens new solution center to boost digital business models and tire solutions in Portugal
    In a press release announcement on April 24, tire manufacturer Continental said that it has opened its new Solution Center in Lousado, Portugal on April 20. In the presence of the employees, Christian Kötz, head of the Tires group sector and member of the executive board of Continental AG, formally inaugurated the recently completed building. Cross-functional teams drive forward stated digitalization subjects at the Solution Center, which is located near the tire production. The busines...
    LG Energy Solution plans investment of $449 million for plant of pouch-type long-cell batteries in South Korea
    South Korean electric vehicle (EV) battery-maker, LG Energy Solution is planning to add a new mother factory to its Ochang manufacturing complex, as part of its goal to turn the home manufacturing site into a global technology research and development hub for new battery technologies amid growing demand for different forms of EV batteries, The Korean Economic Daily reported on April 25. The company announced a plan to invest 600 billion South Korean won (US$449 million) to build a m...
    Autoliv to build airbag cushion and fabric plant in Vietnam
    Autoliv has announced plans to build a new airbag cushion and fabric plant in Vietnam, according to a press release dated April 20. The investment in the new textile facility will cater to the growing demand for airbag production in the Asia market. The new facility will be built in Amata City Ha Long Industrial Park, located in the northern part of Vietnam. “I am excited to open our first Autoliv facility in Vietnam. We continuously look for ways to improve our footprint and reduce our cos...
    Hyundai Motor boosts US presence with $5 billion EV battery venture
    Hyundai Motor Group has announced its plans to set up an electric vehicle (EV) battery-cell production joint venture in the US with partner SK On. Group affiliates Hyundai Motor Company, Kia Corporation and Hyundai Mobis each approved the plan at their respective board meetings, the company said on April 25. In November 2022, the Group signed a memorandum of understanding (MOU) with SK On to secure EV battery supply for North America. The total investment amount for the joint venture is expec...
    BMW plans to expand EV production capacity at its Regensburg plant in Germany
    German luxury carmaker BMW plans to invest €350 million in expanding EV manufacturing capacity at its Regensburg-based plant in Germany, the company said on April 21. The carmaker also plans to hire around 500 new employees at the plant as it looks to commence rolling out fully electric BMW iX2 models off the assembly lines at the site. The plant currently manufactures the BMW iX1, which also is the smallest electric SUV model from the company. Commenting on the expansion drive, Carsten ...
    General Motors and Samsung SDI plan more than $3 billion investment to grow US battery-cell manufacturing
    General Motors and Samsung SDI announced a plan to invest more than $3 billion to build a new battery cell manufacturing plant in the United States that is targeted to begin operations in 2026, the company said in a statement on April 25. The plant will have more than 30 GWh of capacity and will bring GM's total U.S. battery cell capacity to about 160 GWh when it is at full production. The companies plan to jointly operate the facility, and it is projected to have production lines to build ni...
    BorgWarner plans $20 million investment in three Michigan plants
    US-based auto supplier, BorgWarner plan to invest $20 million into expanding the capabilities of three existing Michigan-based facilities and developing a new electric vehicle (EV) battery service center. The fresh investment is likely to create nearly 186 jobs, including engineering, manufacturing and service positions, the company said on April 19. The investment will be split across the three facilities. The Auburn Hills portion will be allocated toward new electrification labs that will h...
    EV-charging startup Mobec raises $1 million in seed funding
    India-based Mobec Innovations has raised $1 million in seed funding, Autocar Pro reported on April 24. The seed round was led by Purple Stone Consulting. Mobec is a M-CAAS (Mobile-Charging as a Service) company that offers portable charging solutions for all type of EVs. “It has been encouraging to begin our first seed fund raise and have affirmation coming from Purple Stone Consulting. Bringing value to the larger EV ecosystem with consistent R&D, thereby benefitting the end-user, is o...
    Volvo Cars Tech Fund invests in AI startup CorrActions
    According to a press release on April 24, Volvo Cars announced that Volvo Cars Tech Fund has made a strategic investment in CorrActions, an Israeli deep-tech brain monitoring AI start-up, which has developed a technology that the company believes will disrupt brain activity monitoring and may help us understand drivers even better. The AI-powered software built by CorrActions can detect abnormalities in the cognitive state of drivers and passengers, based on micro muscle movements that reflec...
    Volkswagen’s PowerCo to set up 90 GWh battery-cell factory in Canada
    Volkswagen’s battery company PowerCo plans to build a gigafactory with an annual production capacity of up to 90 GWh, its largest gigafactory to date, in St. Thomas, Ontario, Canada, the company announced on April 21. The carmaker said it has earmarked investments of up to €4.8 billion for the gigafactory until 2030. VW’s high-profile announcement came in the presence of Canadian Prime Minister Justin Trudeau; minister of Innovation, Science and Industry, François‑Philippe ...
    Germany grants €12.73 million funding for autonomous vehicle projects in Munich
    In a press release on April 19, The Federal Ministry for Digital Affairs and Transport has announced that it is funding the research project "Munich's automated local transport with ride pooling, solo buses, and bus platoons" (MINGA) and presented a grant certificate worth €12.73 million in Berlin. As part of MINGA, a ride pooling system integrated into public transport with autonomous vehicles in on-demand operation is being set up. In addition, digitally coupled buses, and a driverless so...
    VicOne invests in automotive cybersecurity startup Block Harbor
    VicOne has announced that it is making a significant strategic financial investment in Block Harbor, according to a press release on April 19. The integration solution, for example, is intended to provide industry with better tools for addressing ISO/SAE 21434 engineering requirements for cybersecurity risk management regarding Concept, Product Development, Production and Operation of electrical and electronic (E/E) systems in road vehicles, including their components and interfaces. “As...
    Changan Automobiles plans $285m investment to build EV plant in Thailand
    Changan Automobile announced an investment of $285m to build an electric vehicle manufacturing plant in Thailand. This is the first production base outside of China for the company which is now targeting to serve overseas markets, Nikkei Asia reported on April 20. Changan, ranked 15th in global EV sales in 2022, will make an initial investment of 9.8 billion baht ($285 million), the Thai Board of Investments said on Thursday. The automaker will invest a total of 4 billion yuan ($581 million) ...
    BYD plans to invest $290 million in Chile to build battery components plant ‒ report
    Chinese electric vehicle (EV) maker, BYDplans to build a $290 million lithium cathode factory in Chile's northern Antofagasta region, said Chilean economic development agency CORFO. The South American country's government has named BYD Chile a qualified lithium producer, CORFO said, giving it access to preferential prices for lithium carbonate quotas, Reuters reported on April 21. According to the report, the plant will produce 50,000 tonnes per year of lithium iron phosphate (LFP) for cathod...
    Oshkosh invests in lidar startup Baraja
    Oshkosh announced that it has invested in Australian lidar startup Baraja, in a press release dated April 18. The investment is part of a broader capital raised by Baraja to develop advanced lidar technology. Oshkosh’s investment amount was undisclosed. “We are making key strategic investments to be first to market with new features and functions that make Oshkosh products safer and more productive. By partnering with Baraja, we are active participants in the development process...
    JLR plans to invest £15 billion over the next five years towards new vehicle programs and technologies
    Tata-owned Jaguar Land Rover (JLR) has lined up an investment worth £15 billion over the next five years in its plants; vehicle programs; autonomous, AI and digital technologies; and people skills. As part of the process, JLR’s Halewood plant in Merseyside, UK, will become an all-electric manufacturing facility, and its next generation medium-size sport utility vehicle (SUV) architecture and electrified modular architecture (EMA) will now be pure-electric, t...
    BorgWarner to expand production capacity at South Carolina plant
    Michigan-based supplier of automotive components BorgWarner announced on April 19 that the company will invest $42 million in expanding the production capacity of its Seneca, SC-based manufacturing plant. BorgWarner said that the new investment will be allocated toward upgrading the existing facility, as well as in developing new manufacturing lines for battery modules and packs. The company plans to set up an annual battery production capacity of 3 GWh at the site, further contributing to th...
    ABB invests in deep-tech startup Switch EV
    ABB’s electric vehicle (EV) charging business — ABB E-mobility — has invested an undisclosed sum in the London-based deep-tech startup, Switch EV, the Swiss company said on April 18. The investment in Switch EV will complement ABB’s vertically integrated offering across smart and connected EV-charging solutions, ABB said, adding that it represented the beginning of a collaboration to advance a seamless EV-charging ecosystem aimed at revolutionizing the EV-charging experience for ...
    CATL to start construction of a new battery factory in Hungary
    CATL battery factory in Debrecen, Hungary will start construction this summer, with trial operations starting in 2024 and production beginning in 2025. Local sources close to the project in Hungary disclosed that large-scale worker dormitories are currently under construction, according to a report by Chinese media outlet The Paper, said a report in Pandaily dated April 18. In August of 2022, CATL announced that it would invest no more than €7.34 billion to build a new 100-GWh battery facto...
    Volkswagen plans to invest €1B in electric vehicle R&D, procurement center in China
    Volkswagen is planning to invest around €1 billion in a new development and procurement center for electric vehicles (EVs) in Hefei, China, the company said on April 18, in a bid to better adapt its cars to Chinese customers' tastes, Reuters reported on April 18. The center, called "100%TechCo", is aimed at reducing development times for new products and technologies by around 30%, involving suppliers at the early stages of product development to accelerate the time to market. The u...
    LG Chem partners with Huayou Cobalt to build a precursor plant in South Korea
    LG Chem joins hands with Huayou Cobalt to build a precursor plant outside of Seoul, South Korea. Under the agreement, LG Chem and Huayou Cobalt will establish a joint venture and invest a total of 1.2 trillion Korean won (US$985.9 million) by 2028 to build a precursor plant. The construction of the new plant will commence this 2023 and have 50,000 metric tons annual production capability by 2026 as the first phase. The plant will then double its annual precursor production to 100,000 m...
    Continental begins Phase III expansion at Changzhou, China, plant to develop automotive interior materials
    Continental announced that it has begun the Phase III expansion project at its Changzhou Plant in China, according to a company press release dated April 12. It is the second joint venture in the country with Jiangsu Changshun Group. Continental will buy coating machines, printing presses, mixing equipment, embossing machines, various public and auxiliary equipment, and environmental protection equipment. The expansion is expected to add an annual capacity of 13 million square meters of ...
    Luminar opens new automated factory to manufacture sensors in Monterrey, Mexico
    In a press release announcement on April 13, Luminar announced that it has successfully established a new highly automated, high-volume manufacturing facility in Monterrey, Mexico. The first Luminar Iris sensors out of this new facility are beginning to ship to Luminar’s lead global high-volume series production customer in preparation for start of production by end of 2023 to support vehicle launches. Luminar is continuing to deliver on its program milestones and captured a video of t...
    ZF invests €39.6 million in Toluca, Mexico chassis plant
    ZF has announced an investment of approximately €39.6 million through 2024 to expand its manufacturing capabilities in Toluca, Mexico, according to a press release on April 11. ZF will establish a new manufacturing site which is expected to create an additional 150 jobs in the next two years and will be approximately 8,000 square meters larger than the existing plant it replaces. The new factory will have high-capacity assembly lines for the just-in-sequence production of the front and...
    Ford plans to upgrade its Canada-based plant for EV manufacturing
    US automaker Ford Motor Company announced on April 11 that the company is investing C$1.8 billion on retooling and upgrading its Oakville Assembly Complex in Canada to prepare the facility for producing electric vehicles (EVs) in the future. Ford said that it aims to make the Ontario-based production plant a high-volume hub of EV manufacturing in Canada. The plant, which will be renamed Oakville Electric Vehicle Complex, is slated to be transformed from the second quarter of 2024 to prep...
    GM to lead $50M funding round in EnergyX for lithium extraction technology
    General Motors' venture capital, GM Ventures, is investing $50 million in Energy Exploration Technologies (EnergyX) to enhance the company’s lithium extraction and refining technology. Both companies entered into a strategic agreement that is focused on unlocking North America’s supply of lithium, a critical material for electric vehicle (EV) batteries, by using EnergyX’s innovative extraction process, reported The Business Journal on April 11. Significance: The US aut...
    EV startup Nysha Mobility Tech raises $3.5 million in seed funding
    Startup Nysha Mobility Tech has raised $3.5 million in seed funding, ANI reported on April 11. Touchstone Ventures, Panthera Peak Capital and select angel investors participated in the round. The company will use the funds for capital expenditure, as well as to develop technologies to enhance its manufacturing process, research and development of electric vehicle (EV) components, and the use of internet of things (IoT) and artificial intelligence (AI) in manufacturing.&n...
    Hyundai Motor Group aims to become one of the top three EV makers globally by 2030
    Announcing its 2030 goal on April 11, South Korean vehicle manufacturer Hyundai Motor Group plans to become the world’s top three electric vehicle (EV) manufacturers by 2030. The goal entails combined target sales of Hyundai Motor, Kia and Genesis electric models. The 2030 goal announcement was made by Hyundai on the sidelines of the groundbreaking ceremony of Kia’s dedicated plant for purpose-built vehicle (PBV) production in South Korea. To achieve its 2030 goal, Hyundai also discl...
    WAE invests in connected car supplier Beam Connectivity
    WAE announced a strategic equity investment in Beam Connectivity, a connected vehicle technology solutions developer. WAE’s investment will support Beam Connectivity to scale its connected vehicle solutions, helping to build its commercial team and accelerate the company’s growth. The investment established WAE’s focus on advanced mobility, bringing digital solutions to market that will make mobility cleaner, safer and more convenient, the company said on April 11. By ...
    NI opens Engineering Innovation Center to develop autonomous vehicles and EVs in Michigan
    In a press release on April 11, NI has announced the opening of its new Engineering Innovation Center in Novi, Mich. The new test center is designed to enable automotive manufacturers and suppliers to collaborate with NI’s experts on their electric vehicle (EV) components, such as battery cells and packs, and advanced driver assistance system (ADAS) subsystems. Together with NI engineers, customers can improve the performance of their EV and autonomous vehicle products throughout ...
    Startup CarPay-Diem receives investment from ZF
    CarPay-Diem has received a strategic investment from ZF, the supplier said in a March 28 press release. CarPay-Diem will use the investment to position its technology for the next generation in-vehicle fueling services. It will be integrated with apps into the vehicle’s infotainment system. “With the investment, we can realize another strategic addition to our network of partnerships with the goal to enable customers to efficiently manage their fleets, optimize their costs and considerabl...
    ZF invests over $194 million to expand EV related operations in Juarez, Mexico
    ZF Group will invest over $194 million to expand its e-mobility business in North America, according to a company press release on March 30. The company is building a new, state-of-the-art manufacturing facility at Juarez, Mexico, with a $150 million initial investment. “The e-mobility market continues to gain momentum in all major markets and ZF is investing to match the growth trajectory here in North America. This investment will further establish ZF as a leader in advanced e-mobility te...
    Geoflex announces €6 million series A financing
    Geoflex, a expert in hypergeolocation services by satellites, has successfully completed a new financing round of €6 million to accelerate its commercial developments and strengthen its production facilities, having demonstrated in various environments its technological capabilities based on the PPP-CNES©/Geoflex technology (PPP standing for Precise Point Positioning), according to a press release on March 16. This financing round was carried out with the decisive support of Bouygues (Bouy...
    Startup BIBO secures 200 million Chinese yuan in latest funding round
    Chinese smart automotive chassis startup BIBO has secured 200 million Chinese yuan (about $29 million) in its latest financing round led by electric-car maker Nio’s investment arm Nio Capital, and venture capital firm Dongfang Jiafu Asset Management, according to a report published by Yicai Global on April 10. Other participants in the A-series included car electronics company CWB Automotive Electronics and private equity firm Addor Capital. According to BIBO, which has two research and ...
    Sona Comstar opens auto driveline plant in India
    Sona BLW Precision Forgings (Sona Comstar), a leading global provider of automotive technology solutions, inaugurated its second-largest manufacturing plant in Chakan, Pune, in India. The new plant manufactures driveline products for electric vehicles (EV) and non-EV applications and serves customers in India and globally, the company said on April 10. Significance: The plant is spread across 10 acres in Pune, India's western automobile and manufacturing hub. The production facility aims...
    CerebrumX secures funding from BlackBerry to scale up connected vehicle products and services
    CerebrumX Labs Inc. (CerebrumX), a leading artificial intelligence (AI)-driven automotive data services and product provider, announced a strategic investment from BlackBerry that will help it ramp up the delivery of new data-driven, in-vehicle products and services that make it easier for automakers to create turnkey user-centric applications and enterprise solutions, the company said on April 6. With the new funding and by integrating with BlackBerry IVY, a cloud-connected, automo...
    Foxconn plans US$800 million investment in southern Taiwan to boost EV production
    Foxconn is planning to invest NT$25 billion (US$820 million) in the next three years in new manufacturing facilities in southern Taiwan to support its electric vehicle (EV) ambitions, the company said on April 9. The company, formally called Hon Hai Precision Industry Co. Ltd., said the investments in Kaohsiung, Taiwan, will include plants for making electric buses and batteries for EVs, Reuters reported on April 9. Foxconn, a major Apple Inc. supplier and iPhone assembler, has big ambit...
    Backed by strong products, Kia increases its 2030 EV sales target by 33%
    South Korean carmaker Kia Corporation has revised its medium-to-long-term business strategy with a focus on increasing the previous sales targets for calendar year 2030, the company announced on the sidelines of the Kia CEO Investor Day event on April 5 in Seoul, South Korea. Kia’s revised 2030 annual sales target is 4.3 million units, which includes the increased proportion of electrified car sales to 55% or 2.38 million units. “This is an increase of 7.5% or 300,000 units...
    Spain plans to invest EU funds on EV, battery production
    In order to make road transport sustainable, Spain plans to float two tenders simultaneously by July 2023 to select two companies for local electric vehicle (EV) and battery production initiative, according to a report published by Reuters on March 27. The shortlisted companies will receive €2 billion in government funding to accelerate local EV and battery production ecosystem, the report said, citing a senior government official. The funds would be allocated from the EU pandemic reli...
    Group14 begins construction of second battery-materials plant in the US
    Advanced silicon-battery technology company Group14 Technologies has started the construction of its second commercial-scale battery active materials (BAM-2) factory in Moses Lake, Wash., the company announced on April 4. The upcoming facility, which aims to support the local electric vehicle (EV) battery supply chain in the US, will be spread across an area of 1 million square-feet. According to Group14, the said facility will be the world’s largest factory of advanced silicon-battery materia...
    PHA to invest more than $67 million in a new facility in Georgia, US
    PHA will invest more than $67 million in a new facility in Chatham County, Ga., an official government press release dated March 6 read. The investment and the subsequent plant will result in the creation of 402 new jobs. The plant will manufacture door modules, tailgate latches and hood latches for OEMs, including Hyundai Motor Group Metaplant America. Operations are expected to begin in 2024. Significance: Georgia has seen significant automotive investments poured into the...
    Stellantis plans to build battery-electric light commercial vehicles in Portugal from 2025
    Stellantis announced on March 31 that it plans to produce battery-electric light commercial vehicles (LCVs) at its Mangualde Production Center in Portugal, starting early 2025. The electric vehicles (EVs) scheduled for production at the said site include the Citroën ë-Berlingo, Peugeot e-Partner, Opel Combo-e and Fiat e-Doblò models, both in light commercial and passenger versions, Stellantis said, adding that Mangualde will become the first Portuguese plant to produce large-series fully...
    Microvast opens new polyaramid separator plant in Kentucky
    Microvast has announced the location of its first polyaramid separator plant in Hopkinsville, Ky., with a $504 million investment. The project, intended to be the world's first mass production facility for the cutting edge polyaramid separator technology, will create up to 562 new full-time jobs, Microvast’s press release read on March 30. “We are excited to announce this next chapter for Microvast, as we intend to build the world’s first mass production facility for our cutting edge po...
    Faurecia opens new seat and interior plant in Mexico
    French auto-component makers, Faurecia, a company of Group FORVIA, opened a brand-new plant in Monterrey, Nuevo León, Mexico that focuses on new mobility solutions. The 33,500 square-meter facility will employ approximately 1,500 people and manufacture automotive seat structures, instrument panels and center consoles aligned with industry megatrends in sustainability and lightweighting, a company press release dated March 31 said. The manufacturing facility consists of bioclimatic desig...
    Ford plans to build its second-generation electric truck at the upcoming BlueOval City campus
    Ford Motor Company announced on March 24 that it plans to produce its second-generation electric truck, code named Project T3, at its upcoming manufacturing site at BlueOval City in Tennessee, US. With construction on track, the planned electric vehicle (EV) and battery manufacturing facility is scheduled to begin production operations in 2025 and will be capable of rolling out 500,000 EV trucks a year at full production. “With its F-150 Lightning, Ford already has shifted people...
    Stena Recycling inaugurates Li-ion battery recycling facility in Sweden
    Stena Recycling, one of the leading battery recycling companies in Europe, inaugurated its first industrial recycling facility for lithium ion (Li-ion) batteries, the company said on March 30. The all-new battery recycling plant, which is built with an investment of about 250 million Swedish kronor (over US$24 million), is situated in the south of Sweden and is one of the first industry-scale battery recycling facilities in Europe, the company claimed. According to Stena Recycling, it ha...
    Ascend Elements opens North America's largest EV battery-recycling plant in Georgia
    Ascend Elements opened its first commercial-scale lithium ion (Li-ion) battery recycling facility this week in Covington, Ga. The $50 million Base-1 facility is North America's largest electric vehicle (EV) battery-recycling facility. As demand for EVs increase, Li-ion battery recycling is becoming an increasingly important part of the EV battery materials supply chain. The facility began partial operations in August 2022 and now has an annual capacity to process 30,000 metric tons of used Li...
    Umicore invests in US solid-state batteries startup Blue Current
    Umicore and Blue Current are working together to strengthen their collaboration on the development of solid-state battery technology, with Umicore investing a minority stake in the US-based startup. This investment complements the joint development agreement (JDA) whereby both parties were able to integrate Umicore’s battery materials into Blue Current’s solid-state battery technology. By providing capital — in addition to supplying state-of-the-art battery materials under the JDA — U...
    Sansera Engineering plans to invest in radar technology expert MMRFIC Technology
    According to a press release on March 29, Sansera announced that it has entered into a definitive agreement for strategic investment in MMRFIC Technology. MMRFIC is a research, design and manufacturing entity, building subsystems for next-generation radars by leveraging machine learning with artificial intelligence (AI) and mm-Wave Sensors with hybrid beam-forming capabilities. As per the terms of the agreement, Sansera would make an investment 200 million Indian rupees (about US$2....
    Baidu plans to invest in RISC-V chip startup StarFive
    Chinese RISC-V chip technology startup StarFive announced that it had received an investment from Chinese search giant Baidu of an undisclosed amount, according to a report published by Pandaily on March 24. The company also reported that it has raised 1 billion Chinese yuan (about US$146.46 million) in financing, which is a first for the domestic RISC-V sector. StarFive CEO Xu Tao announced that the company intends to work with Baidu to deploy RISC-V products in its data centers. ...
    Indie Semiconductor plans to establish design and testing facility in Michigan, US
    California-based Indie Semiconductor has announced the creation of a new semiconductor design and testing facility in Auburn Hills, Mich., that is expected to bring 180 jobs to the area, according to a report published by CBS News on March 29. Indie Semiconductor, based in Aliso Viejo, Calif., develops car semiconductors and software systems and already has a regional support center in Auburn Hills. The business intends to grow to include a world-class semiconductor design and testing center....
    Nova Steel inaugurates new plant in Coahuila, Mexico
    Canada-based Nova Steel de México has inaugurated its third plant in the state of Coahuila, located in the Santa María Industrial Park, Mexico, with an investment of $37 million and the creation of 80 new jobs, according to a report published by MEXICONOW on March 24. The Minister of Economy of Coahuila, Claudio Bres Garza, together with the state Labor Secretary, Nazira Zogbi Castro, the Mayor of Ramos Arizpe, José María Morales Padilla, and the General Manager of the plant, Mauricio Cam...
    Seoyon E-HWA to invest around $76 million to produce vehicle interior products at US facility
    Seoyon E-HWA will invest about $76 million in a new manufacturing facility in Chatham County, Ga., a press statement from the state governor’s office read on February 1. The manufacturing facility will produce automotive interior parts such as door trims, headlining and tailgate trims, and create 740 new direct and indirect jobs. Production is expected to begin in October 2024. “With our experience in developing and producing parts, it is an honor to be able to supply electric v...
    Baidu-backed DeepWay secures over US$117 million in Series A+ financing
    DeepWay has secured over 1.2 billion Chinese yuan (approximately US$174 million) in funding after completing its A+ round financing of 770 million Chinese yuan, according to a report published by 36Kr on March 28. The recent funding was led by Shandong Weiqiao Pioneering Group and SB China Capital. DeepWay has obtained additional financing, the majority of which will go towards manufacturing their intelligent heavy-duty vehicles and purchasing cutting-edge driving systems to guarant...
    Toyoda Gosei to increase airbag and steering wheel production capacity in Brazil
    Toyoda Gosei is working on enhancing the production capacity at its Group company in Brazil, to cater to the increasing sales of airbags and other safety systems in South America. Toyoda Gosei will expand the GDBR plant building and install airbag and steering wheel production equipment to raise production capacity, while also seeking to improve productivity by optimizing the layout of the entire manufacturing facility, according to a press release from BusinessWire, dated March 27. Significa...
    Conigital, WMG receive UK government funding for self-driving research project
    WMG at the University of Warwick (Coventry, UK) and Conigital, have been awarded a share of £81 million in joint UK government and industry support to develop a self-driving transport technology, according to a press release on March 23. The National Exhibition Centre (NEC) Birmingham, Direct Line Group, Coventry City Council, Solihull Metropolitan Borough Council, Coventry University, dRisk, IPG Automotive and West Midlands Combined Authority are also members of the partnersh...
    Hesai plans to open new software R&D headquarters in Chongqing, China
    China-based lidar maker Hesai Group has signed an investment agreement with Chongqing Economic Development Zone to build a software global research and development headquarters in the southwestern Chinese city, according to a report in Chongqing Daily on March 27. According to the report, which cited Chongqing's mayor, Hu Henghua, Hesai is a world leader in lidars for autonomous driving and advanced assisted driving, and the city wants to reinforce its partnership with local automakers. ...
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