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    Is Tesla’s application of LFP cathode technology indicative of price over performance?
    A recent development has got the automotive industry talking about a battery chemistry which, over the last half-a-decade, has been steadily losing market share in the electric vehicle (EV) segment—lithium iron phosphate (LFP). Tesla recently received an approval from the Mainland Chinese governme...
    Consumer Survey: Will we see an increase in anti-microbial coating in automotive due to the COVID-19 pandemic?
    The coronavirus disease 2019 (COVID-19) pandemic has caused severe disruptions in the global automotive supply chain. With no immediate solution in sight, federal governments around the world issued stay-at-home orders and called for the closure of non-essential businesses. This forced OEMs to suspe...
    15-Jun-2020 Insights COVID-19 Pinned
    Porsche Leipzig plant extension underway for EV manufacturing
    In a press release dated 6 July, Porsche informed that Leipzig plant extension for electric vehicles (EVs) is underway and on schedule. Porsche will manufacture its the all-electric Macan at this facility. Porsche informed that it is investing more than EUR600 million (USD678 million) at its Le...
    07-Jul-2020 News Investments
    Volkswagen starts work on conversion of Emden plant in Germany for EV production
    Volkswagen has started work on converting its Emden plant in Germany for production of electric vehicles (EV), the company announced in a press release on 6 July. The first electric vehicle, which will be the ID.4, will roll off the production line here from 2022  and will be followed by other ...
    07-Jul-2020 News Investments
    Finnish Minerals Group to invest USD1.7 billion in battery value chain in Finland
    Finnish Minerals Group is planning to invest an additional EUR1.5 billion (USD1.7 billion) in next five years towards building a battery value chain in Finland, the company announced in a press release on 2 July. This investment will be used in the production of intermediate product materials and ce...
    06-Jul-2020 News Investments
    Toyota Tsusho invests in Japanese Li-ion battery startup APB
    Toyota Tsusho has made an undisclosed investment in Japanese lithium-ion (Li-ion) battery startup APB, according to a press release on 30 June. APB is a startup that is developing and manufacturing the first large-scale bipolar Li-ion battery modules called ‘All Polymer Battery.’ All Polymer ...
    06-Jul-2020 News Investments
    BMW opens new competence center for e-drives in Germany
    BMW has opened a new competence center for e-drives production in Dingolfing in Germany, the company announced in a press release on 2 July. The new center will expand the production capacity at the plant to manufacture e-drives for 500,000 electric vehicles (EVs). The BMW Group will produce electri...
    03-Jul-2020 News Investments
    Hyundai Wia starts construction of new engine plant in Russia
    Hyundai Motor Group’s automotive engine supplier unit, Hyundai Wia, has announced that it has broken ground on the construction of its new engine manufacturing facility in Russia. According to a report filed by South Korean news agency Yonhap on 1 July, the engines manufactured at this new plant i...
    03-Jul-2020 News Investments
    BWI Group inaugurates new technical center in Poland
    Beijing-based automotive parts supplier, BWI Group, has opened its new technical center in Krakow, Poland. According to a press release issued by the BWI Group, former testing laboratories, existing offices and model shop facilities have now been consolidated inside the 11,000-square-meter (over ...
    03-Jul-2020 News Investments
    Hyundai Mobis invests USD20 million in VC funds with aim to secure future mobility technologies
    Hyundai Mobis has announced investment of USD20 million in two US-based funds, ACVC Partners and MOTUS Ventures, the South Korean automotive supplier said in a press release on 2 July. Both ACVC MOTUS are early stage venture capital firms and deemed to have a good eye for discovering the promising t...
    03-Jul-2020 News Investments
    Continental to build new plant in Serbia to produce driver information systems
    German auto parts supplier Continental has announced plans to build a new production plant for innovative driver information systems in Serbia's Novi Sad, SeeNews reported on 1 July. The company will begin construction by the end of 2020. The plant will produce complex driver information systems ...
    03-Jul-2020 News Investments
    CBAK to invest in new Li-ion battery plant in Mainland China
    CBAK Energy is planning to invest in setting up a new lithium-ion (Li-ion) battery plant in Jiangsu Gaochun Economic Development Zone in Mainland China, the company announced in a press release on 29 June. The plant is expected to have an annual production capacity of 8 Gwh. "CBAK Energy has develop...
    02-Jul-2020 News Investments
    Kedali sets up production at Northvolt Gigafactory to supply casings for lithium-ion batteries
    Mainland China-based Kedali has set up a production facility at Northvolt Gigafactory in Skellefteå, Sweden, to supply casings for lithium-ion batteries, Business Sweden reported on 29 June. Kedali will supply square shell casings for Northvolt’s batteries. According to the report, Kedali will in...
    02-Jul-2020 News Investments
    FAW Toyota announces new NEV project in Mainland China
    FAW Toyota has announced a new energy vehicle (NEV) manufacturing project in Tianjin Municipality, China, Xinhua reported on 29 June citing Tianjin FAW Toyota Motor. The project is expected to start manufacturing operations in June 2022. “The project is a major step by FAW Toyota to implement the ...
    02-Jul-2020 News Investments
    BMW-Great Wall Motor JV Spotlight Automotive begins construction of JV plant in Mainland China
    Spotlight Automotive, the joint venture between BMW and Great Wall Motor (GWM), has started construction of a new plant in Zhangjiagang, Jiangsu province, in Mainland China, GWM announced in a press release on 23 June. The plant is expected to have a production capacity of 160,000 units annually. Un...
    30-Jun-2020 News Investments
    POLICY: UK government funds R&D projects on communications, 5G and autonomous vehicles
    The UK government has offered GBP44 million (USD54.2 million) in funding for a project in South Wales, according to a press release by GOV.UK on 26 June. The project called, CSconnected, will be led by the Cardiff University, is expected to strengthen emerging industries in South Wales. It will deli...
    30-Jun-2020 News Investments
    BMW opens new campus for 3D printing in Germany
    BMW has opened a new campus for developing additive manufacturing technologies and components, the company announced in a press release on 25 June. The new center brings together production of prototype and series parts under one roof, along with research into new 3D printing technologies, and assoc...
    29-Jun-2020 News Investments
    CATL breaks ground on new battery R&D center in Mainland China
    Contemporary Amperex Technologies (CATL) has broken ground on a new battery research and development (R&D) center in Ningde, Fujian Province, China, the company announced in a press release on 24 June. The new innovation, named 21C Lab, will work on advanced R&D on metal lithium batteries, a...
    29-Jun-2020 News Investments
    Magna to expand seat manufacturing facility in Michigan, US
    Canadian automotive components and systems supplier, Magna International Inc., has announced that it will be investing CAD47 million (approximately USD35 million) in Michigan, US. According to a press release issued by the Michigan Economic Development Corporation on 23 June, Magna has been awarded ...
    24-Jun-2020 News Investments
    Automated driving technology startup AImotive raises USD20 million
    Automated driving technology startup AImotive has announced a funding of USD20 million, a company press release on 22 June read. The round was led by Lead Ventures and was supported by existing investors such as Robert Bosch Venture Capital, B Capital Group, Prime Ventures, Inventure, Samsung Cataly...
    23-Jun-2020 News Investments
    Renault opens new R&D center in mainland China
    French car maker Renault has inaugurated its new research and development (R&D) center located in mainland China, according to a report filed by Yicai Global on 19 June. The facility, which is located in Shenyang in the Liaoning province of northeast China, will be involved in project devel...
    22-Jun-2020 News Investments
    Tesla plans to start building new vehicle plant in US this summer
    Tesla is planning to start construction of a new vehicle plant in the United States in tthe third quarter of 2020, Reuters reported on 18 June citing documents made public by Texas officials. The company is aiming to invest USD1 billion in the new plant, which will be spread over an area of 4 to 5 m...
    19-Jun-2020 News Investments
    SKF invests USD42.83 million in mainland Chinese ball bearing manufacturing unit
    Sweden-based bearing and seal manufacturing firm SKF has announced that will be investing an additional SEK400 million (USD42.83 million) to expand its ball bearing production unit in mainland China. According to a press release issued by SKF on 17 June, the company states that this investment at it...
    18-Jun-2020 News Investments
    Aisin Seiki invests in StradVision Series B fundraising
    StradVision Inc., a startup focused on vision processing technology for autonomous vehicles, has received a strategic investment from Japanese automotive supplier Aisin Siki Co. as part of its USD27 million Series B fundraising, according to a report by The Robot Report on 16 June. Aisin Group inves...
    18-Jun-2020 News Investments
    German supplier Vorwerk & Sohn opens new plant in Serbia
    German auto parts manufacturer Vorwerk & Sohn has opened its new factory in Preljina, Serbia, according to a press release on the official website of the Development Agency of Serbia on 16 June. The factory located near the city of Cacak will produce components for Audi, Daimler, Chrysler, BMW, ...
    18-Jun-2020 News Investments
    Xpeng Motors unveils smart EV plant in mainland China
    Xpeng Motors has unveiled its new smart electric vehicle (EV) plant in Zhaoqing, Guangdong Province, China, the company announced in a press release on 9 June. Xpeng Motors said that the new plant is a self-built wholly-owned factory. The plant received the official production license from China’s...
    18-Jun-2020 News Investments
    BYD’s chipmaking company BYD Semiconductor raises USD113 million
    BYD Semiconductor, the chipmaking company of electric-vehicle (EV) manufacturer BYD, has raised CNY800 million (USD113 million) in a Series A+ round, Yicai Global reported on 16 June. Existing investors included Sequoia Capital and China Capital Investment Group while Xiaomi, Lenovo Group, SK Group,...
    17-Jun-2020 News Investments
    Volkswagen increases stake in US solid-state battery firm QuantumScape
    German automotive OEM Volkswagen has announced that it has increased its stake in the US-based solid-state battery specialist, QuantumScape. According to a press release issued by Volkswagen on 16 June, the carmarker is making an additional investment of up to USD200 million in the company. This is ...
    17-Jun-2020 News Investments
    Audi opens R&D office in California for automated driving technology
    Audi has opened a new ‘Audi Automated Driving Development’ (A2D2) research and development (R&D) office in San Jose, in Silicon Valley to create advanced driver assistance systems (ADAS) specifically for the North American market, the automaker announced in a press release on 16 June. The ne...
    17-Jun-2020 News Investments
    Rimac opens new production line for C_Two EV at Croatian plant
    Rimac Automobili has launched a new production line at its Croatian plant for its C_Two all-electric hypercar, according to a company press release on 16 June. The new production line installed at Rimac’s recently opened production facility in Veliko Trgovišće, Croatia, will accelerate the produ...
    17-Jun-2020 News Investments
    Kia Motors to invest over USD79 million to expand engine plant in Slovakia
    South Korean carmaker, Kia Motors, has announced its plans to expand its engine production facility located at Zilina in Slovakia. According to a report filed by Yonhap News Agency on 12 June, Kia Motors will be investing EUR70 million (USD79.4 million) in order to manufacture the updated versions o...
    16-Jun-2020 News Investments
    Britishvolt eyes Wales in UK to set up battery gigafactory
    In a press release dated 12 June, Britishvolt announced Bro Tathan in South Wales as its preference to set up its new battery gigafactory in the United Kingdom. Britishvolt also announced plans to build a solar park alongside the factory, to support sustainable production of batteries and meet ...
    15-Jun-2020 News Investments
    Connected car data startup Viaduct raises USD11 million in Series A funding round
    Connected car data startup Viaduct has raised USD11 million in its Series A funding round, the company said in a press release on 10 June. The round was led by Innovation Endeavors, while other participants included Exor Seeds and Box Group. Viaduct processes, utilizes, and eventually monetizes c...
    12-Jun-2020 News Investments
    BYD to expand production of Blade battery by end of 2020
    Mainland chinese electric vehicle (EV) maker BYD plans to expand production of its new type of lithium iron phosphate (LFP) blade battery by eightfold by the end of 2020, Caixin reported on 6 June. BYD is reportedly planning to build seven more assembly lines for blade batteries this year at its fac...
    12-Jun-2020 News Investments
    Continental invests over USD37 million to expand Romanian R&D center
    Germany-based automotive components and systems manufacturer Continental has announced that it will be expanding its research and development (R&D) center located at Timișoara in Romania. According to a press statement issued by Continental on 2 June, the company will invest over EUR33 million ...
    11-Jun-2020 News Investments
    Israel-based GPS security startup infiniDome closes USD1.6 million funding
    infiniDome has raised USD1.6 million in its Seed round of funding and opened its Pre-series A round, the company said in a press release on 10 June. Investors for the seed round were Boundary Holding of India and Luxemburg, Next Gear Ventures of Israel, and Aston Partners of New York. The funding wi...
    11-Jun-2020 News Investments
    German supplier Koenig Metall opens new plant in Serbia to supply Porsche and Audi
    German automotive metal components manufacturer Koenig Metall has opened a new plant in Ivanjica, Serbia to supply Porsche and Audi, according to a press release on the official website of the Development Agency of Serbia on 9 June. The company will hire 120 employees in the first phase of the devel...
    11-Jun-2020 News Investments
    Denso opens ‘Electrification Innovation Center’ in Japan
    Denso has opened an ‘Electrification Innovation Center’ at its plant in Anjo, Aichi in Japan, the supplier announced in a press release on 5 June. The Electrification Innovation Center features a development building, which will house teams focused on developing advanced production technologies ...
    10-Jun-2020 News Investments
    Salesforce Ventures invests in automotive cyber-security startup Upstream Security
    Automotive cyber-security startup Upstream Security has raised an undisclosed amount from Salesforce Ventures for its Series B funding round, the Israeli company said in a press release on 9 June.  The partnership between the two companies will enable the development of real-time end-to-end dat...
    10-Jun-2020 News Investments
    Automotive supplier Mytex Polymers invests over USD7 million to expand US facility
    Automotive supplier Mytex Polymers US Corp is investing over USD7 million to expand its facility in Newton County in the US state of Georgia, according to a press release on 26 May on the official website of the State of Georgia government. The expansion is expected to create 15 new jobs. Signifi...
    09-Jun-2020 News Investments
    German acoustic solutions supplier Adler Pelzer to build new plant in US state Ohio
    German acoustic solutions supplier Adler Pelzer Group (APG) has announced plans to open a new facility in Northwest Ohio, US, to manufacture automotive thermal components, according to a press release on 8 June on the website of the Regional Growth Partnership Northwest Ohio. The company will i...
    09-Jun-2020 News Investments
    COVID-19 pandemic: Fuyao Glass injects USD73.5 million in struggling German unit
    Mainland chinese automotive glass supplier Fuyao Glass Industry Group will invest EUR65 million (USD73.5 million) in one of its German’s units to ease cash flow pressure amid crisis due to the COVID-19 pandemic, Yicai Global reported on 8 June. The unit, FYSAM Auto Decorative recorded EUR12.2...
    09-Jun-2020 News Investments
    Semiconductor startup Flusso raises USD5.7 million in Series A funding
    Flusso has raised a USD5.7 million funding in Series A round, led by existing investor Parkwalk Advisors and new investor Foresight Williams Technology EIS; 24 Haymarket, Cambridge Enterprise, Martlet, and Cambridge Angels also participated. The funding will help scale up production of the world’s...
    08-Jun-2020 News Investments
    Adient opens new seat cover manufacturing facility in Serbia
    Adient has opened a new manufacturing facility in Loznica, Serbia, to produce seat covers, according to a press release by the Development Agency of Serbia (RAS) on 4 June. The US-based supplier invested USD20 million in the 13,000-square meters production facility which will employ 1,500 people. Th...
    08-Jun-2020 News Investments
    Magna starts production at new seating plant in Serbia
    Magna has started production at its new seat cover manufacturing plant in Aleksinac, southeast Serbia, according to Development Agency of Serbia (RAS). The Canadian supplier has completed the first phase of construction at the brownfield facility, which already has 100 employees. Magna plans to a...
    08-Jun-2020 News Investments
    Nidec to set up new R&D facility in China for EV drive motors
    Japanese motor manufacturer Nidec will set up a new research and development (R&D) facility in China for drive motors used in electric vehicles (EVs), according to a report by Nikkei Asian Review on 3 June. Nidec plans to hire about 1,000 employees at the new R&D site, of which nearly 400&nb...
    05-Jun-2020 News Investments
    MG Motor plans to increase investment in EV business in India from 2022
    MG Motor is planning to pump in additional investment into electric vehicle (EV) business in India from 2022, Live Mint reported on 3 June, citing Rajeev Chaba, president, MG Motor India. According to the report, MG Motor is considering launching a new, more affordable EV in India in 2022. This will...
    04-Jun-2020 News Investments
    Morrow Batteries to set up new EV battery plant in Norway
    Morrow Batteries is planning to set up a new electric vehicle (EV) battery gigafactory in Agder county, Norway, Forbes reported on 29 May. The construction of the plant is scheduled to start next year and is expected to have a 32-GWh manufacturing capacity, divided in four phases of 8 GWh each. The ...
    03-Jun-2020 News Investments
    Continental to invest USD36.7 million to expand R&D center in Romania
    German automotive parts supplier Continental announced plans to invest EUR33 million (USD36.7 million) to expand its research and development (R&D) center in Timisoara, Romania, according to a company press release on 2 June. According to the report, the company has already started working on th...
    03-Jun-2020 News Investments
    Samsung SDI, EcoPro BM to invest in EcoPro EM JV for EV batteries
    Samsung SDI and EcoPro BM are planning to invest in their battery material joint venture (JV) EcoPro EM, The Korea Herald reported on 29 May, citing Samsung SDI. The two companies will jointly invest KRW120 billion (USD96.9 million) in EcoPro EM. EcoPro BM will invest KRW72 billion in the JV, a...
    02-Jun-2020 News Investments
    Baidu completes building R&D center in China to test autonomous driving and V2I systems
    Baidu has completed the construction of a research and development (R&D) center in Beijing to test autonomous driving and vehicle-to-infrastructure (V2I) communication, the South China Morning Post reported on 28 May. The 13,500-square-meter center, called Apollo Park, in Beijing’s Yizhuang Ec...
    01-Jun-2020 News Investments
    Mercedes-Benz increases battery production capacity at Kamenz plant in Germany
    Mercedes-Benz has increased its battery production capacity at its Kamenz plant in Germany, the company announced in a press release on 26 May. The annual production volume will soon exceed half a million battery systems for hybrid, plug-in hybrid (PHV) and purely electric vehicles (PEV). The plant ...
    27-May-2020 News Investments
    INVESTMENT: Röchling sets up center for additive manufacturing in Germany
    The Röchling Group officially opened its new additive manufacturing center in Waldachtal, Germany, called the Röchling Direct Manufacturing Center (RDMC), on 11 May. According to a company press release on 19 May, the new center produces complex components and entire series made of plastic or meta...
    27-May-2020 News Investments
    Britishvolt and AMTE Power sign MoU to set up battery gigafactory in UK
    Britishvolt and AMTE Power have signed a memorandum of agreement (MOU) to explore the setting up of a battery gigafactory in the United Kingdom, Britishvolt announced in a press release on 20 May. The battery cell manufactured at the plant will be used in servicing the automotive and energy sto...
    22-May-2020 News Investments
    GM and LG Chem JV start ground preparation for battery cell plant in US
    General Motors and LG Chem have started ground preparation for the battery cell plant in Lordstown, the United States under their recently announced joint venture (JV), General Motors announced in a press release on 19 May. The JV has been named Ultium Cells LLC. “During the pandemic, product deve...
    21-May-2020 News Investments
    Panasonic mulls expanding battery cell production at joint plant with Tesla in US
    Panasonic is in talks with Tesla to expand battery cell production capacity at their joint plant near Reno in Nevada, United States, Nikkei Asian Review reported on 19 May. “There is very strong demand from Tesla," Panasonic’s CFO Hirokazu Umeda, confirmed while presenting the company annua...
    20-May-2020 News Investments
    Toray to expand Torayfan polypropylene film production capacity at Japanese plant
    Toray Industries, Inc, announced plans to expand production capacity for Torayfan® oriented polypropylene (PP) film for automotive capacitors, according to a company press release 18 May 2020.  The company will expand capacity by 60% at its Tsuchiura Plant in Ibaraki Prefecture in 2022. Sig...
    19-May-2020 News Investments
    FUNDING: Ultrasonic sensor startup Toposens raises addition fund in new financing round
    Munich, Germany-based startup Toposens has raised additional capital in a new round of funding, a press release dated 8 May showed. The round was led by existing investor ALPANA Ventures while new investors included Basinghall Partners and In-Q-Tel Inc. The company says the investment will be used t...
    18-May-2020 News Investments
    BorgWarner opens new lab at Noblesville Technical Center in US for electric motors
    BorgWarner has opened a new lab at Noblesville Technical Center in the United States for electric motors, the company announced in a press release on 14 May. The lab will be used for development, testing, validation, and prototype manufacturing of electric motors, and also power electronics for...
    15-May-2020 News Investments
    OXIS Energy leases Mercedes Benz Brazil plant to manufacture lithium-sulfur battery cells
    OXIS Energy, along with Minas Gerais Development Company CODEMGE, has leased Mercedes Benz Brazil plant in Juiz de Fora, in the state of Minas Gerais, Brazil to manufacture lithium-sulfur battery cells, the company announced in a press release on 12 May. OXIS informed that there will be an investmen...
    14-May-2020 News Investments
    INVESTMENT: Marelli to open new plant in Ohio,US to manufacture bulkhead
    Marelli plans to open a new automotive interior plant in Bowling Green, Ohio, US, next year to produce bulkhead, Automotive News reported on 13 May. The company is hiring 75 workers to work in manufacturing, assembly and warehousing operations to support two bulkhead programs, the report said. Ma...
    14-May-2020 News Investments
    INVESTMENT: FEV to open development and test center for high-voltage batteries in Germany
    FEV is planning to open a new development and test center (eDLP) for high-voltage batteries at the Sandersdorf-Brehna location in Germany in the third quarter of 2020, the company announced in a press release on 7 May. Spread over an area of 12,000 square meter, the complex will have  facilitie...
    11-May-2020 News Investments
    INVESTMENT: Volkswagen to invest USD486 million in EV battery cell factory in Germany
    Volkswagen is planning to invest EUR450 million (USD486 million) in electric vehicle (EV) battery cell factory in Germany, the company announced in a press release on 8 May. The new plant will be constructed for Volkswagen  joint venture (JV) with Northvolt AB. Volkswagen will erect the buildin...
    11-May-2020 News Investments
    First Cobalt plans to set up cobalt sulfate plant for EV batteries in Canada
    First Cobalt plans to set up a cobalt sulfate plant in Canada for electric vehicle (EV) batteries, the company announced in a press release on 4 May. First Cobalt said that it conducted an independent feasibility study on its permitted cobalt refinery in Ontario, Canada. According to the study, the ...
    05-May-2020 News Investments
    Connected car data startup Otonomo closes USD46 million in Series C funding
    Israel-based startup Otonomo has raised USD46 million in Series C funding, bringing the total funding to USD82 million, the company said in a press release on 30 April. The round included investments from SK Holdings, Avis Budget Group, and Alliance Ventures, as well as participation from exist...
    05-May-2020 News Investments
    FUNDING: Chinese EV maker NIO raises around USD1 billion from strategic investors
    Electric vehicle maker NIO has entered into a definitive agreement with Hefei City Construction and Investment Holding, CMG-SDIC Capital and Anhui Provincial Emerging Industry Investment to raise CNY7 billion (USD989 million), the company announced in a press release on 29 April. The investors will ...
    30-Apr-2020 News Investments
    INVESTMENT: SK Innovation to build second EV battery plant in US
    SK Innovation has announced that it will set up a second electric vehicle (EV) battery plant in Georgia, US, according to a company press release on 28 April. It has been reported that SK Innovation will invest around USD727 million in the new plant. The plant will have a production capacity of 11.7...
    29-Apr-2020 News Investments
    INVESTMENT: Axalta Coating Systems expands production capacity for waterborne coatings in China
    Coatings supplier Axalta is expanding production capacity for waterborne coatings in China. According to a company press release on 28 April 2020, Axalta broke ground on the newest phase of its Jiading plant in Shanghai, which is expected to become operational by early 2021. The facility will pro...
    29-Apr-2020 News Investments
    LG Chem expands production of carbon nanotube in South Korea
    LG Chem is planning to expand production capacity for carbon nanotubes (CNT) at its Yeosu Plant in South Korea, the company announced in a press release on 27 April. LG Chem will invest KRW65 billion (USD52.7 million) by the first quarter of 2021. With the expansion, the company will add capacity fo...
    28-Apr-2020 News Investments
    EV charging solutions startup FreeWire raises USD25 million in Series B and venture debt financing
    FreeWire Technologies has announced the closing of a USD25-million Series B and venture debt financing in a company press release on 23 April. The round was led by existing investor BP Ventures, while ABB Technology Ventures and Energy Innovation Capital participated as new investors. Financial...
    24-Apr-2020 News Investments
    NextSource Materials plans to build battery anode plant in Madagascar
    NextSource Materials has signed a letter of intent (LOI) with  Japanese offtake partner and a leading mainland Chinese processor of graphite anode material to build a new battery anode plant in Madagascar, the company announced in a press release earlier in April. NextSource said that the new p...
    22-Apr-2020 News Investments
    Vitesco to open new R&D center for electrified powertrains in mainland China
    Vitesco Technologies is planning to open a new research and development (R&D) center in Tianjin, China, for electrified powertrain, the company announced in a press release on 21 April. Vitesco Technologies will develop technologies for hybrid and electric powertrains in the new R&D center, ...
    21-Apr-2020 News Investments
    GM starts preparing ground for new battery cell plant in US
    General Motors (GM) has started preparing ground for the new battery cell gigafactory it is set to build in  Lordstown, Ohio in the United States, Tribune Chronicle reported on 16 April. According to the report, GM has received all environmental permits and has started with grading and cle...
    21-Apr-2020 News Investments
    INVESTMENT: Hongqi starts building new plant in Jilin province, China for NEVs
    Chinese automaker FAW’s brand Hongqi has started construction of a new plant for new energy vehicles (NEV) in Jilin province in China, China Daily reported on 15 April. Hongqi is investing CNY7.8 billion (USD1.1 billion) in the new plant. The plant will have a capacity to build 200,000 vehicles a ...
    20-Apr-2020 News Investments
    China's State Grid to invest USD383 million towards EV charging infrastructure
    China’s State Grid is planning to invest CNY2.7 billion (USD383 million) towards electric vehicle (EV) charging infrastructure in the country, China Daily reported on 15 April. The investment will be used to install 78,000 charging points across 24 provinces and municipalities, including Beijing, ...
    16-Apr-2020 News Investments
    Bosch to invest approximately USD73 million to expand Turkish plant
    German automotive parts supplier Bosch announced plans to invest approximately TRY500 million (USD73 million) in its manufacturing plant in Turkey's Bursa province, according to a report by SeeNews on 15 April. The expansion will increase the number of employees at the plant from 314 to 606 people. ...
    16-Apr-2020 News Investments
    INVESTMENT: Shandong Linglong Tire to build new tire plant in mainland China
    Tire maker Shandong Linglong Tire (Linglong) announced plans to build a new tire plant in mainland China, according to a report by Rubber Journal Asia on 15 April. The company will build the plant in Changchun Automobile Economic & Technological Development Zonein Jilin province, which houses va...
    16-Apr-2020 News Investments
    Israel-based AI startup Anagog raises USD10 million in Series-C financing round
    Anagog has announced that it has raised an initial USD10 million in Series-C funding, a company press release on 31 March showed. The financing round was co-led by IN Venture, the corporate venture capital arm of Sumitomo Corporation as well as existing investor MizMaa. Continental was the other inv...
    14-Apr-2020 News Investments
    AutoX establishes robotaxi operation center in Shanghai
    Mainland Chinese autonomous driving startup AutoX has established a robotaxi operation center in Shanghai, China, TheStar reported on 11 April. The 80,000 square feet ‘Shanghai RoboTaxi Operation Center’ houses tools for operating a large fleet of autonomous vehicles. The center will also serve ...
    13-Apr-2020 News Investments
    Hyundai Mobis to establish new technical center in India for autonomous vehicles software development
    South Korean auto parts supplier Hyundai Mobis announced plans to establish a new technical center in India to develop software for autonomous vehicles, according to a report by Yonhap News Agency on 13 April. The center will focus on the development of recognition algorithms for cameras, radars&nbs...
    13-Apr-2020 News Investments
    INVESTMENT: Toyoda Gosei invests in IoT service provider Uhuru
    Toyoda Gosei Co has made an investment in Uhuru Corp, the company said in a press release on 8 April. Uhuru provides solutions using data in cloud computing and edge devices. The details of the investment were not disclosed. The collaboration will allow Toyoda Gosei to enhance value in products a...
    09-Apr-2020 News Investments
    Autonomous driving startup Helm.ai raises USD13 million
    Helm.ai, which develops autonomous vehicle technology, has raised USD13 million, Tech Crunch reported on 26 March. Its investors in the seed round includes A.Capital Ventures, Amplo, Binnacle Partners, Sound Ventures, Fontinalis Partners, and SV Angel. Angel investors included are Berggruen ...
    07-Apr-2020 News Investments
    INVESTMENT: NXP Semiconductors invests in Fabless semiconductor company Kalray
    NXP Semiconductors has invested EUR8 million (around USD9 million) in Kalray, a company press release on 2 April read. Using NXP’s automotive solutions and Kalray MPPA (Massively Parallel Processor Array) intelligent processors, the companies will develop safe, reliable, and scalable solution...
    06-Apr-2020 News Investments
    Autonomous vehicle startup Phantom AI raises USD20 million in series A financing round
    Developer of a vehicle-agnostic autonomous driving platform Phantom AI has raised USD22 million in Series A financing, according to a company press release on 2 April. The funding round was led by Celeres Investments with participation from Ford Motor Company and KT as well as existing investors Mil...
    06-Apr-2020 News Investments
    Interior parts supplier Hayashi Telempu North America to expand US plant
    US-based Interior parts supplier Hayashi Telempu North America (HTNA) has announced plans to expand its operations in Walker County in the US state Texas, according to a press release on 16 March on the official website of Alabama Department of Commerce. To this end, the company plans to invest USD7...
    03-Apr-2020 News Investments
    Uno Minda to invest USD4.4 million in Toyoda Gosei Minda JV
    Toyoda Gosei Co., Ltd. will transfer its all shares in Toyoda Gosei South India Pvt. Ltd. (TGSIN) to Toyoda Gosei Minda India Pvt. Ltd. (TGMIN), a joint venture (JV) between Uno Minda and Toyoda Gosei (TG), in 2020, the Japanese supplier said in a press release on 2 April. To this end, Minda Industr...
    02-Apr-2020 News Investments
    Brembo acquires 2.43% stake in Pirelli
    Italian manufacturer of braking systems, Brembo, has bought a minor stake in tire maker Pirelli. According to a report filed by news agency Reuters on 31 March, the company has purchased a long-term stake in Pirelli that amounts to 2.43%. The stake, which was reportedly purchased autonomously, will ...
    01-Apr-2020 News Investments
    Hyundai to set up global innovation center in Singapore
    According to a press release issued by South Korea-based car maker Hyundai on 30 March, the company will establish a Hyundai Mobility Global Innovation Center in Singapore. This facility will be used to speed up the company’s efforts on innovation with support from the Singapore Economic Developme...
    31-Mar-2020 News Investments
    Continental participates in Series A funding round at lidar startup Blickfeld
    Continental has invested in Munich-based lidar startup Blickfeld, according to a press release on 20 March. Blickfeld has completed its Series A financing round, which was led by the venture capital unit of Continental together with Wachstumsfonds Bayern, which is managed by Bayern Kapital, with par...
    30-Mar-2020 News Investments
    MAHLE opens new battery testing center in UK
    MAHLE Powertrain has opened a new, dedicated facility for the extensive testing of battery modules in the UK, according to a report by Green Car Congress on 24 March. The new testing center, based at the powertrain specialist’s Northampton technical center, enables the strip-down and disassembly o...
    25-Mar-2020 News Investments
    Volkswagen to increase use in nickel in EV batteries
    Volkswagen (VW) is reportedly planning to increase the use of nickel in its electric vehicle (EV) battery cells. According to a Reuters report on 17 March, the automaker will raise the amount of nickel in EV battery cells from the current 65% to 80% in the next year, Frank Blome, head of Batter...
    18-Mar-2020 News Investments
    INVESTMENT: Baidu begins construction of autonomous driving test track in Chinese city Chongqing
    Chinese internet giant Baidu broke ground on its new autonomous driving test track in Chinese city Chongqing, according to a report by Chinapev.com on 11 March. Baidu and Chongqing Yongchuan District Government jointly established the Baidu Western Autonomous Driving Open Test Base project. The proj...
    16-Mar-2020 News Investments
    INVESTMENT: Kyungshin Cables plans to build new factory in Serbia to produce EV charger cable sets
    South Korean company Kyungshin Cables plans to invest EUR20 million (USD22.3 million) to build a new factory for electric vehicle (EV) charger cable sets in Smederevska Palanka, Serbia, according to a press release on 6 March on the official website of the Development Agency of Serbia (RAS). The loc...
    16-Mar-2020 News Investments
    INVESTMENT: Gridserve starts construction of UK’s first ‘Electric Forecourt’ to expand EV charging network
    Gridserve has started construction of its first  ‘Electric Forecourt’ to expand the electric vehicle (EV) charging network in the United Kingdom, the company announced in a press release on 10 March. The Electric Forecourt will be made operational in the summer of 2020. The Electric Forecou...
    13-Mar-2020 News Investments
    INVESTMENT: Iberdrola announces EUR150 million investment for EV charging points
    In a press release dated 10 March, Iberdrola announced that it will invest EUR150 million toward the installation of electric vehicle (EV) charging points. The investment will be used to set up 150,000 charging points in households, companies, and on public highways (urban and interurban) over ...
    13-Mar-2020 News Investments
    Production commences at Nokian Tyres’ new US factory
    Finland-based tire manufacturer Nokian Tyres has announced that it has begun production operations at its brand new manufacturing facility in the US. According to a press statement issued by the company on 9 March, this new Nokian Tyres facility is located in Dayton, Tennessee, and will serve the No...
    10-Mar-2020 News Investments
    INVESTMENT: Geely forays into satellite production to facilitate highly autonomous and connected driving
    Geely Holdings Group has started construction of an intelligent satellite production and testing center in Taizhou City, Zhejiang Province, China, the Chinese automotive group said in a press release last week. The new facility, to be operated under Geely Technology Group, will include a modular sat...
    09-Mar-2020 News Investments
    Bosch to start production of 48-V batteries for hybrid cars at German plant next year
    Bosch will start producing 48-V batteries for hybrid vehicles at its plant in the German city of Eisenach in the summer of 2021, according to a report by Xinhua Net on 27 February 2019. To this end, the company plans to invest over EUR80 million (USD90 million) in the Eisenach site. The investment i...
    09-Mar-2020 News Investments
    INVESTMENT: Alloy wheels manufacturer Borbet to expand US facility
    Borbet, a Germany-based manufacturer of light metal alloy wheels for the automotive industry, is expanding its US facility. According to an official press release on the website of Alabama Department of Commerce on 4 March, Borbet Alabama announced plans to expand its Auburn operation with a USD23.9...
    09-Mar-2020 News Investments
    INVESTMENT: Brose begins construction of new manufacturing plant, development center in Serbia
    Germany-based automotive components supplier Brose recently celebrated the groundbreaking ceremony for its new development and production facility in Serbia. According to a press release issued on 6 March, the company stated that it has laid the foundation stone for this new plant, which will be loc...
    09-Mar-2020 News Investments
    INVESTMENT: Volvo cars sets up new battery assembly line at Belgian plant
    Volvo cars has set up a new battery assembly line at its plant in Ghent in Belgium, the company announced in a press release on 5 March. The assembly line is expected to supply batteries to Volvo Cars first fully electric car, the XC40 Recharge P8. “I am pleased to celebrate this momentous occasio...
    06-Mar-2020 News Investments
    INVESTMENT: Fiat Chrysler Automobiles to invest USD400 million to build engines at idled transmission plant in Indiana
    Fiat Chrysler Automobiles (FCA) has announced plans to invest USD400 million to repurpose its idled transmission plant in Kokomo, Indiana, US, to build engines, the company said in a press release on 5 March. The planned investment will help the plant to retain 1,000 jobs and add nearly 200 jobs to ...
    06-Mar-2020 News Investments
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