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    Does the acquisition of Arm give NVIDIA the keys to autonomous driving?
    US-based NVIDIA’s announced agreement to acquire UK-based Arm from SoftBank is a significant development for automotive electronics. Arm brings CPU intellectual property (IP) expertise that has enabled low-powered, embedded solutions, and NVIDIA’s graphics processing unit (GPU) IP expertise has ...
    Mainland China’s mobility service market to drive demand for autonomous driving technology
    Since the first autonomous car competition organized by the US Department of Advanced Research Project Agency (DARPA) in 2004, the United States has been at the center stage of autonomous driving. Alphabet’s Google Self-Driving Car Project, which later became an independent company called Waymo, w...
    14-Aug-2020 Insights Technology Trends Pinned
    Sumitomo Chemicals to set up new polypropylene compounds plant in mainland China
    Sumitomo Chemical is setting up a new polypropylene (PP) compound plant in Wuxi, Jiangsu Province, in mainland China, the company announced in a press release on 15 September. The new plant is scheduled to start operating at the beginning of 2021. “Setting up the Wuxi Plant as our fifth produ...
    25-Sep-2020 News Investments
    Mullen Technologies to start construction of pilot EV plant in US
    Mullen Technologies has announced plans to begin construction of a pilot electric vehicle (EV) facility in Monrovia, California, the company said in a press release on 24 September. The company will transform its high-voltage battery research and development (R&D) facility in Monrovia into ...
    25-Sep-2020 News Investments
    Autonomous startup Aurora Innovation expands team in Pittsburgh, US
    Aurora Innovation is expanding its team in Pittsburgh, Pennsylvania, the United States, the company announced on a blog on Medium on 17 September. The company has taken over a new office space at 1600 Smallman Street in the vibrant Strip District. The new office, with more than 100,000 square f...
    25-Sep-2020 News Investments
    Li-Cycle to set up lithium-ion battery recycling hub in New York
    Li-Cycle Corp., a Canada-based lithium-ion (Li-ion) battery resource recovery company, will establish its first commercial Li-ion battery recycling Hub at Eastman Business Park (EBP) in Rochester, New York in the United States, according to a company press release on 23 September. To this end, the c...
    25-Sep-2020 News Investments
    Fisker to set up new technology center in US
    EV startup Fisker Inc. will set up its new technology center in the Mission District of San Francisco in the United States, according to a company press release on 24 September 2020. This facility will be the focal point and development center for the company's software and vehicle electronics, incl...
    25-Sep-2020 News Investments
    BMW to start battery module production at Leipzig plant in Germany from 2021
    BMW is further expanding its production capacities for electric drives in Germany. According to a company press release on 23 September, the automaker’s Leipzig plant in Germany is expected to start large-series production of battery modules as early as in mid-2021. These battery modules will be u...
    24-Sep-2020 News Investments
    Automotive software startup Aurora Labs raises USD23 million in Series B funding
    Israeli startup Aurora Labs has raised USD23 million in Series B funding, it said in a press release on 22 September. The round was jointly led by LG Technology Ventures and Marius Nacht, cofounder of Check Point Software Technologies. Porsche SE, Toyota Tsusho, UL Ventures, and existing investors p...
    23-Sep-2020 News Investments
    SKF invests USD61.5 million to reinforce operations in North America
    Sweden-based automotive components supplier, SKF, has announced that it will be investing SEK550 million (approximately USD61.5 million) to strengthen its North American operations. According to a press release issued by SKF on 22 September, the company stated that this investment will also be ...
    23-Sep-2020 News Investments
    CATL invests USD6.4 million in Neo Lithium for lithium mining project in Argentina
    Mainland Chinese battery maker Contemporary Amperex Technology (CATL) has invested CAD8.5 million (USD6.4 million) in Neo Lithium for its ‘3Q’ lithium mining project in Argentina, Neo Lithium announced in a press release on 14 September. CATL will receive 10,217,502 common shares, representing 8...
    22-Sep-2020 News Investments
    Ford commences F-150 production, invests USD700 million in Rouge Complex in US
    American carmaker Ford has announced the start of production of the newest version of its pickup truck, the F-150. According to a press release issued by Ford on 17 September, manufacturing of this vehicle will happen at the Dearborn-based Rouge Center. This new vehicle is scheduled to go on sale in...
    18-Sep-2020 News Investments
    Toyo Tire to invest USD429 million in Serbian factory by end-2023
    Japanese tiremaker Toyo Tire Corporation announced plans to invest EUR364 million (USD429 million) in a new tire factory in Serbia by the end of 2023, according to a report by SeeNews on 17 September citing the Indjija city government. The company has already acquired a land plot of 63 hectares in t...
    18-Sep-2020 News Investments
    Infineon to invest USD786.4 million in Malaysia over 10 years
    German semiconductor company Infineon Technologies has pledged to invest RM3.25 billion (USD786.4 million) in Malaysia over the next 10 years, the New Straits Times reported on 14 September. New Straits Times quoted Malaysian Prime Minister Tan Sri Muhyiddin Yassin during his visit to Infineon's pla...
    17-Sep-2020 News Investments
    China’s Envision Group considers building EV battery plant in France
    China-based Ensivision Group is mulling setting up an electric vehicle (EV) battery plant in France, Reuters reported on 13 September citing French newspaper Journal du Dimanche (JDD). The company is reportedly planning to invest  hundreds of million of euros in the plant, which is expected to ...
    15-Sep-2020 News Investments
    BMW Brilliance Automotive expands production capacity for batteries in China
    BMW Brilliance Automotive (BBA), the mainland China-based joint venture (JV) between BMW and Brilliance Auto, has expanded its battery factory at the Tiexi location, China, with a new battery center, BMW announced in a press release on 14 September. The new center will immediately start  produc...
    15-Sep-2020 News Investments
    Dana to open e-drive components facility in Pune, India, this year
    American automotive powertrain components supplier Dana has announced that it will open a new manufacturing facility for e-drive components in the city of Pune in India. According to a press release issued by Dana on 10 September, the company stated that the 4,600-square-meter (approximate...
    11-Sep-2020 News Investments
    Grupo Antolin opens new innovation center in mainland China
    Grupo Antolin has opened a new innovation center in Shanghai, mainland China, the Spanish supplier said in a press release on 10 September. The innovation center houses the new Antolin headquarters in mainland China, bringing together all the corporate departments and the engineering and technologic...
    11-Sep-2020 News Investments
    HELLA establishes ‘Global Software House’ to align software activities across the company
    HELLA has established a new ‘Global Software House’ to further expand its global software competencies, Germany-based lighting and electronics expert said in a press release on 9 September 2020. The Global Software House is managed by the Berlin subsidiary and software specialist HELLA Aglaia. T...
    10-Sep-2020 News Investments
    INVESTMENT: Dongwha to build new unit in Hungary to produce battery electrolyte
    South Korean materials company Dongwha will set up a new plant for producing battery electrolyte in Sóskút, Hungary, the Hungarian Investment Promotion Agency reported on 3 September. Dongwha will also set up another unit for N-methyl-2-pyrrolidone (NMP) solvent recycling in the country. The compa...
    07-Sep-2020 News Investments
    INVESTMENT: Hitachi sets up new subsidiary for EV motor business in US
    Hitachi Automotive Electric Motor Systems has established a new subsidiary Hitachi Automotive Electric Motor Systems America for manufacturing electric vehicle (EV) motors in the United States, the company announced in a press release on 4 September. The new company will utilize the existing office ...
    07-Sep-2020 News Investments
    Singapore-based SP Group invests in EV charging company The Mobility House (TMH)
    Energy utility company SP Group has announced a strategic investment in The Mobility House AG (TMH) to explore smart charging and vehicle-to-grid (V2G) feasibility in Singapore, TMH said in a press release on 3 September. “V2G is the basis for the energy world of the future—and thanks to our ...
    07-Sep-2020 News Investments
    FREYR signs MOU to set up battery cell plant in Norway
    Battery maker FREYR has signed a memorandum of understanding (MOU) with Norway for setting up a lithium-ion battery cell facility in Mo Industrial Park (MIP), the company announced in a press release on 28 August. The construction of the 2-gigawatt-hours (GWh) fast-track production facility is expec...
    04-Sep-2020 News Investments
    INVESTMENT: Interior and exterior modules supplier SMP plans to open new plant in Serbia
    German car parts manufacturer Samvardhana Motherson Peguform (SMP), a member of Motherson Group, plans to open a new plant in the Dobricevo industrial zone of Cuprija, in central Serbia, the Cuprija city government said in a press release on 28 August. The plant will be built on a 44-hectare land pl...
    03-Sep-2020 News Investments
    EV battery startup Grinntech raises USD2 million in funding
    India-based lithium-ion (Li-ion) battery startup, Grinntech, has raised USD2 million in funding. According to a report filed by business news publication Business Line on 27 August, Grinntech, which is a seven-year-old startup established in Chennai, India, has secured this funding from four new inv...
    03-Sep-2020 News Investments
    INVESTMENT: Exide raises stake in EV battery JV with Leclanche in India
    Exide Industries has raised its stake in Exide Leclanche Energy Private Limited. Its electric vehicle (EV) battery joint venture (JV) with Leclanche in India, the company announced in a regulatory filing on Bombay Stock Exchange (BSE) on 31 August. Exide has invested INR331.7 million (USD4.5 million...
    02-Sep-2020 News Investments
    Sompo Holdings to invest USD92 million in autonomous driving software startup Tier IV
    Japanese insurance company Sompo Holdings will invest JPY9.8 billion (USD92 million) for an 18% stake in autonomous vehicle startup Tier IV, according to a report by Nikkei Asian Review on 27 August. Significance: This deal is expected to bring new avenues for the shrinking domestic insurance mar...
    01-Sep-2020 News Investments
    Hyundai Mobis to expand EV parts plant in South Korea
    Hyundai Mobis is building a new plant for electric vehicle (EV) components in Pyeongtaek, Gyeonggi-do, Korea, according to company press release on 26 August. Hyundai Mobis is investing KRW35.5 billion (USD30 million) in new plant, which is located in Poseung District (BIX) in Pyeongtaek spans acros...
    01-Sep-2020 News Investments
    SEAT opens new electromobility learning center in Spain
    Spanish automaker SEAT has announced the opening of its new electromobility learning center in order to provide a complete training program on electric vehicles (EVs) for its entire workforce. According to a press release issued by SEAT on 28 August, this new training center will be located wit...
    01-Sep-2020 News Investments
    Detroit Manufacturing Systems announces plan to expand plant in the US
    Detroit Manufacturing Systems (DMS) has announced plans to expand its Detroit plant in the United States, according to a press release on the official website of Michigan Economic Development Corporation on 25 August. To this end, the company intends to invest USD31.9 million in the plant, which is ...
    27-Aug-2020 News Investments
    DURA Automotive to open new plant in US to produce EV battery trays
    Michigan-based DURA Automotive Systems has announced plans to invest USD59 million to open a new manufacturing facility in Muscle Shoals in the US State Alabama to produce battery trays for electric vehicles (EVs), according to a press release on Alabama Department of Commerce’s Made in Alabama we...
    27-Aug-2020 News Investments
    Kandi Technologies considers plan to set up EV manufacturing facility in US
    Kandi Technologies Group, Inc. has announced that the company is actively exploring the possibility of opening a manufacturing base in North America for its EVs and off-road vehicles, the company said in a press release on 20 August 2020. Kandi informed that the “exploration process is in its...
    26-Aug-2020 News Investments
    India-based Epsilon Carbon to produce carbon products for anode components of lithium-ion batteries
    Epsilon Carbon is set to develop and produce high performance carbon products for anode components of lithium-ion (Li-ion) batteries, the company announced in a press release on 24 August. Epsilon Advanced Materials has commissioned production in India to produce 5,000 tonnes of anode material annua...
    25-Aug-2020 News Investments
    INVESTMENT: Magna to establish powertrain systems metal-forming plant in Slovakia
    Canadian automotive components and systems supplier, Magna, has announced a new investment for expanding its powertrain solutions business in Slovakia. According to a press release issued by Magna on 24 August, the company has stated that it will be setting up a new facility at Kechnec, Slovakia. ...
    25-Aug-2020 News Investments
    Yokohama doubles manufacturing capacity at Indian plant
    Yokohama India, a wholly-owned subsidiary of Japan-based Yokohama Rubber, has more than doubled the manufacturing capacity at its Indian plant in Bahadurgarh, Haryana, according to a report by Autocar Professional on 10 August. The company has begun commercial production at its Bahadurgarh plant in ...
    24-Aug-2020 News Investments
    EIB grants USD59 million loan to powertrain developer AVL
    The European Investment Bank (EIB) has provided an EUR50 million (approximately USD59.2 million) loan to powertrain systems supplier, AVL List GmbH. This financing is in addition to an EUR70 million loan that was signed in December 2017 to support AVL’s electric drive-related activities, incl...
    21-Aug-2020 News Investments
    Panasonic plans to increase battery production at Tesla's gigafactory in Nevada, US
    Panasonic is planning to increase battery production capacity at Tesla’s gigafactory in Nevada, the United States, by adding a production line, Nikkei Asian Review reported on 19 August. The Japanese company will invest about USD100 million in the new line, which is expected to increase production...
    20-Aug-2020 News Investments
    Elkem to set up battery graphite plant in Norway
    Elkem has selected Herøya Industrial Park in Norway as the location for a potential large-scale plant for battery graphite production, the company announced in a press release on 19 August. Elkem is planning to make a planned final investment decision in 2021. "Production of battery materials repre...
    20-Aug-2020 News Investments
    Terrafame's battery chemical plant in Finland to be operational in 2021
    Terrafame is planning to start operations at its new battery chemical plant in Finland in 2021, the company announced in a press release on 13 August. With the current battery chemistries in use, the plant’s nickel sulphate capacity and the cobalt sulphate capacity will be enough for approximately...
    18-Aug-2020 News Investments
    Semiconductor startup SiFive raises USD60 million
    California-based semiconductor startup SiFive has raised USD60 million in its latest round of funding which included investment from SK Hynix and Saudi Aramco, a Reuters report read on 11 August. The report added that its total funding stood at over USD185 million. Existing investors including Intel...
    18-Aug-2020 News Investments
    US state Michigan grants USD1.7 million for 36 new EV chargers
    The Michigan Department of Environment, Great Lakes, and Energy (EGLE) has announced grants worth USD1.7 million for the installation of direct current fast chargers (DCFC) along highly travelled routes to facilitate the usage of electric vehicles (EVs). In a press release issued by the State of Mic...
    18-Aug-2020 News Investments
    New Zealand government grants USD13.1 million to Hiringa for hydrogen fuelling network
    The Infrastructure Reference Group has provisionally approved NZD20 million (approximately USD13.1 million) for Hiringa Energy in order to set up New Zealand’s first nationwide network of hydrogen fuelling stations that will provide refuelling for heavy hydrogen-powered fuel cell electric vehicles...
    17-Aug-2020 News Investments
    Volkswagen expands Chattanooga factory to build North American center for EVs
    Volkswagen (VW) is expanding its Chattanooga factory in the United States to build a North American center for electric vehicles (EVs), the automaker announced in a press release on 12 August. The expanded site will serve as not only for assembly, but also for engineering the EVs of the future. To e...
    13-Aug-2020 News Investments
    Autonomous vehicle startup May Mobility to expand operation in Ann Arbor, US
    Last week, May Mobility announced plans to expand its operations in Ann Arbor, Michigan, the United States, according to a company’s press release on 5 August. The expansion, to be supported by the Michigan Strategic Fund, the Michigan Economic Development Corporation (MEDC), is expected to create...
    13-Aug-2020 News Investments
    Hirschvogel invests in UK-based autonomy and e-mobility software startup Eatron
    ​​Germany-based Hirschvogel Automotive Group’s strategic investment subsidiary Hirschvogel Ventures has announced that it will invest over EUR1 million in UK-based autonomy and e-mobility software startup Eatron Technologies, the startup announced in a press release on 13 July. The two compani...
    10-Aug-2020 News Investments
    TATNEFT and JSC Allur Group to jointly establish tire manufacturing plant in Kazakhstan
    The Russian company PJSC TATNEFT and JSC Allur Group of Companies have agreed to establish a joint tire manufacturing facility in Kazakhstan, TATNEFT said in a press release on 28 July. The two companies have signed an agreement of intent and the roadmap for the implementation of a project for the c...
    07-Aug-2020 News Investments
    Denso establishes Pittsburgh Innovation Lab in US to accelerate R&D on automated driving
    Denso has established a new research and development (R&D) center in Pittsburgh, Pennsylvania, US, in July 2020, to strengthen open innovation and enhance the development of automated driving technologies, the company said in a press release on 5 August. At the new center called, Pittsburgh Inno...
    06-Aug-2020 News Investments
    TDK Ventures invests in AI startup Groq
    TDK Corporation’s unit TDK Ventures has invested in Groq, a company press release on 4 August read. California-based Groq develops artificial intelligence and machine learning platforms for various industries. “Through its investment and support, TDK is helping Groq bring these capabilities t...
    05-Aug-2020 News Investments
    Connected car data startup Wejo raises EUR10 million
    UK-based Wejo has raised EUR10 million (USD11.7 million), the connected car data startup said in a press release on 3 August. The round was led by DIP Capital LLP and included the UK government’s Future Fund. Wejo says the new funds will enable the group’s development with new global automotive ...
    04-Aug-2020 News Investments
    MAHLE to expand operations in Tennessee, US
    MAHLE will expand its operations in Murfreesboro, Tennessee, US, by adding new injection molding production lines on site, according to a press release on 29 July on the official website of the Tennessee Department of Economic and Community Development. The expansion will create approximately 3...
    04-Aug-2020 News Investments
    Continental establishes supercomputer to accelerate development of future technologies
    Continental has set up its own supercomputer for artificial intelligence (AI) to develop innovative future technologies more efficiently and quickly, the Germany-based automotive supplier said in a press release on 28 July. The new supercomputer is powered by NVIDIA InfiniBand-connected DGX systems,...
    03-Aug-2020 News Investments
    Cybersecurity startup Cybellum closes USD12 million Series A funding round
    Israel-based startup Cybellum has raised USD12 million, it said in a press release on 28 July. The funding round was led by RSBG Ventures with additional investment from Blumberg Capital and Target Global. The investment will boost Cybellum’s growth through expanding its sales, marketing, and e...
    31-Jul-2020 News Investments
    EV startup WM Motor to open new R&D center in China
    Electric vehicle (EV) startup WM Motor is set to open a new research and development (R&D) center in Chengdu, China, China Daily reported on 27 July. The new R&D center will have a special focus on advanced technologies including 5G and artificial intelligence in EVs. WM Motor will invest ar...
    31-Jul-2020 News Investments
    BMW to open new battery cell plant in Germany
    BMW is planning to open a new plant for producing lithium-ion battery cells in Germany, the company announced in a press release on 29 July. The automaker will build the pilot plant in Parsdorf, near Munich, and is scheduled to go into service in late 2022. BMW will invest EUR110 million (USD129 mil...
    30-Jul-2020 News Investments
    AVIN Waterloo Ventures at Communitech names 10 startups to its second cohort
    Autonomous Vehicle Innovation Network (AVIN) Waterloo Ventures at Communitech has picked 10 startup companies focused on autonomous vehicle technology and connected transportation solutions to its second cohort, a press release read on 28 July.  The startups will get investment and mentorship f...
    30-Jul-2020 News Investments
    Mitsubishi to invest in Mizushima Plant in Japan for manufacturing electric Kei-cars
    In a press release dated 28 July, Mitsubishi Motors announced that it will invest JPY8 billion (USD75.8 million) in Mizushima Plant in Japan for manufacturing electric Kei-cars. The investment in the plant will start from August 2020. The investment will be used for establishment of assembly and ins...
    29-Jul-2020 News Investments
    BMW i Ventures invests in startup GenXComm to increase speed of 5G deployment
    BMW i Ventures has announced an investment in US-based startup GenXComm, a company press release read on 28 July. The startup aims to significantly increase the speed of global 5G deployment. “GenXComm is ushering in the next revolution of computing and connectivity. Autonomous systems, li...
    29-Jul-2020 News Investments
    GEDIA Automotive to build new facility in US state Georgia to manufacture EV parts
    GEDIA Automotive Group will build a new facility in the US state Georgia to produce parts for electric vehicles (EVs), a press release read on 24 July on the official website of the Georgia Department of Economic Development. To this end, GEDIA will invest USD85 million in the new facility, which is...
    29-Jul-2020 News Investments
    Sumitomo Bakelite to open new manufacturing line in Belgium
    Sumitomo Bakelite Co., Ltd. will open a new manufacturing line in its Belgian production subsidiary to produce epoxy resin encapsulation materials for automotive use, according to a company press release in May. The new line ‘Vyncolit NV’ in Gent, Belgium, is scheduled to begin operations in ear...
    24-Jul-2020 News Investments
    Cooper Tire to expand capacity at Kruševac facility in Serbia
    Cooper Tire & Rubber Company has announced that its subsidiary Cooper Tire Serbia is expanding production capacity at its Kruševac tire manufacturing plant, the tiremaker said in a press release on 23 July 2020. The company is investing approximately USD55 million in equipment upgrades and faci...
    24-Jul-2020 News Investments
    Tesla to build new EV factory near Austin, Texas
    Tesla has decided to build its new electric vehicle (EV) plant near Austin, Texas, US Reuters reported on 23 July. Tesla will manufacture its most recently unveiled pickup truck Cybertruck, its heavy-duty Semi truck, as well as the Model 3 and Model Y cars for eastern North America at the new p...
    23-Jul-2020 News Investments
    Solvay Ventures invests in Richland Capital’s fund focused on advanced materials startups in mainland China
    Solvay Ventures has invested in Richland Capital’s fund focussed on advanced materials startups in mainland China, the company announced in a press release on 16 July. Through the fund, Solvay is seeking to partner with companies developing innovative solutions in different industries including au...
    22-Jul-2020 News Investments
    Britishvolt signs MOU with Welsh government to set up EV battery plant
    Britishvolt has signed a memorandum of understanding (MOU) with Welsh government in the United Kingdom to set up an electric vehicle (EV) battery plant, the company announced in a press release on 17 July. The two entities will work together to set up a commercially viable 30-GWh battery manufacturi...
    21-Jul-2020 News Investments
    Connected vehicle startup Sibros closes USD12 million in Series A funding
    Connected vehicle platform startup Sibros has announced a USD12 million Series A funding, a company press release read on 20 July. The round was led by Nexus Venture Partners with participation from Moneta Ventures and Twin Ventures. Sibros said the funds will be used to expand its product offeri...
    21-Jul-2020 News Investments
    thyssenkrupp to invest additional USD200 million to build power steering plant in mainland China
    German components and systems supplier, thyssenkrupp, has announced an additional investment and the renewal of its partnership with Changzhou National Hi-Tech District (CND) in Changzhou, China. This is the fifth investment that the company has made in China, having previously invested EUR25 millio...
    21-Jul-2020 News Investments
    Fraunhofer opens Battery Innovation and Technology Center in Germany
    Fraunhofer Institute for Ceramic Technologies and Systems IKTS has opened a new Battery Innovation and Technology Center (BITC) in Thuringia, Germany, the institute announced in a press release on 10 July. Fraunhofer received a funding of EUR13.5 million (USD15.3 million) from the Free State of...
    14-Jul-2020 News Investments
    SK Innovation signs contract with US state Georgia to invest in new EV battery plant
    SK Innovation has signed a contract with US state of Georgia to invest USD940 million in the new plant it is setting up in Georgia, the state government announced in a press release in late June. The new investment will add more battery manufacturing capacity and 600 new jobs in Georgia.  ...
    10-Jul-2020 News Investments
    Toyota starts production of new 4-cylinder engine in Alabama, US
    Toyota’s Huntsville production facility in Alabama, US, has commenced manufacturing of the company’s new, redesigned 4-cylinder engine. According to a press statement issued by Toyota on 8 July, the Alabama plant is also nearing completion of its new 150,000 square foot V6 engine assembly line. ...
    10-Jul-2020 News Investments
    US-state Michigan sets up ‘Office of Future Mobility and Electrification’
    The US state Michigan Governor Gretchen Whitmer has launched the ‘Office of Future Mobility and Electrification (OFME)’ 2 July, according to a press release on the official website of the Michigan.gov. The new office will work across state government, academia, and private industry to enhance Mi...
    09-Jul-2020 News Investments
    Volvo invests in blockchain firm Circulor to trace cobalt usage in EV batteries
    Sweden-based carmaker Volvo Cars has made an investment in Circulor, a blockchain technology firm, and the investment was made through Volvo’s venture capital investment arm, Volvo Cars Tech Fund. According to a press release issued by Volvo on 8 July, the two companies have been working in conjun...
    09-Jul-2020 News Investments
    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
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