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    MG Motors plans second phase of investments in India to expand production capacity
    MG Motors is evaluating the next-phase of expansion in India, ETAuto reported on 23 January, citing Rajeev Chaba, managing director and president of the company. The automaker is considering setting up a new manufacturing unit to have an additional annual production capacity of up to 200,000 units. ...
    24-Jan-2020 News Investments
    Bosch to increase stake in fuel cell company Ceres Power
    Bosch has announced that it will increase its stake in Ceres Power to around 18%, up from 3.9%, according to a company press release on 22 January. The stake increase is achieved through a subscription by Bosch for new Ceres Power shares, as well as the purchase of further shares from existing share...
    24-Jan-2020 News Investments
    Valmet to operationalize battery test center in Germany next month
    Valmet Automotive is set to operationalize is automotive battery test center (BTC) in Bad Friedrichshall, by the city of Heilbronn, Germany, before the end of next month, the company announced in a press release on 23 January. The BTC has been set up on an area of around 1,500 square meters on the l...
    24-Jan-2020 News Investments
    Minth Group to establish new facility in US state Tennessee to produce plastics parts
    Chinese auto parts supplier Minth Group announced plans to invest USD87 million to build a new facility in the US state Tennessee, according to a report by Plastics News on 22 January. The new facility is expected to create 254 jobs over the next five years. The 236,000-square foot plant in Lewis...
    24-Jan-2020 News Investments
    BMW i Ventures to invest in Software Motor Company for advanced electric motor systems
    BMW i Ventures has invested in Software Motor Company (SMC), a Silicon Valley-based company specializing in intelligent motor systems, BMW announced in a press release on 22 January. According to a separate press release from SMC, the company has secured a USD25 million financing round, including a ...
    24-Jan-2020 News Investments
    Adient plans to invest USD23.5 million to expand plant in US state Tennessee
    Adient, the automotive seat manufacturer, has announced plans to invest USD23.5 million to expand its manufacturing facility in Lexington in the US state Tennessee, according to a press release on 17 January on the official website of Tennessee Department of Economic and Community Development. The e...
    23-Jan-2020 News Investments
    Ford to invest USD46.7 million in Spanish plant for hybrid vehicle and battery assembly operations
    Ford has announced that it is planning to invest EUR42 million (USD46.7 million) in its plant in Valencia, Spain, for hybrid vehicle and battery assembly operations, according to a company press release on 16 January. Ford will produce the new S-MAX Hybrid and Galaxy Hybrid in Valencia from next yea...
    21-Jan-2020 News Investments
    Toyota completes USD1.3 billion investment in modernization project at Indiana plant in US
    Toyota Motor has invested an additional USD700 million and added 150 jobs to complete a modernization project at its Princeton plant in Indiana, United States, the automaker said in a press release on 17 January. According to the Japanese automaker, the modernization project at Toyota Motor Manufact...
    21-Jan-2020 News Investments
    Volkswagen plans to set up innovation hub in US for advanced materials
    Volkswagen, in collaboration with University of Tennessee, is planning to set up an innovation hub for advanced materials in the United States, the automaker announced  in a press release on 17 January. The new innovation hub’s initial work will focus on developing lighter vehicle components ...
    20-Jan-2020 News Investments
    Audi invests around EUR100 million in charging infrastructure
    Audi plans to invest EUR100 million (USD111.5 million) in charging infrastructure in Germany, the automaker announced in a press release on 17 January. The automaker will use the funding to install 4,500 charging points for electric vehicles (EVs) at its own German plants by mid-2022. The automaker ...
    17-Jan-2020 News Investments
    Cromodora to build new wheel plant in Eastern Europe for Audi and Volkswagen Group
    German automaker Audi and the wheel maker Cromodora have signed an agreement, where the latter will build a new wheel plant in Eastern Europe exclusively for Audi and the Volkswagen Group, Audi announced in a press release on 16 January. This is a long-term cooperative undertaking that will las...
    17-Jan-2020 News Investments
    ROHM and STMicroelectronics announce multi-year silicon carbide wafers supply agreement
    ROHM unit SiCrystal has entered into a multi-year silicon carbide (SiC) wafers supply agreement with STMicroelectronics, the company said in a press release on 15 January. The contract is for SiCrystal to supply advanced 150mm silicon carbide wafers to STMicroelectronics for over USD120 million. ...
    16-Jan-2020 News Investments
    Hyundai Group invests USD110 million in EV start-up Arrival
    Hyundai and Kia Motor have invested EUR100 million (USD110 million) in electric vehicle (EV) start-up Arrival, the company announced in a press release today (16 January). Hyundai Group and Arrival are planning to co-develop small and medium-sized electric vans and other products for logistics, on-d...
    16-Jan-2020 News Investments
    Webasto opens roof plant, battery center in China
    Webasto has inaugurated its new roof plant and battery center in Jiaxing in Zhejiang Province, China, the company announced in a press release on 13 January. The new plant, spanning an area of 36,000 square meters, has a production capacity of 1.5 million roofs a year. The new battery center provide...
    14-Jan-2020 News Investments
    Chinese automotive glass supplier Fuyao to expand production and R&D at US plant
    Chinese automotive glass supplier Fuyao is expanding its production and research and development (R&D) capabilities at its existing site in Ohio, United States. According to a press release on the website of Ohio, the company is investing USD46 million to expand production and R&D in Ohio, w...
    14-Jan-2020 News Investments
    Nexteer opens technical center in China
    Nexteer Automotive has opened a technical center in Suzhou Industrial Park in China, according to a press release on 9 January. The new Asia Pacific Technical Center spans across an area of more than 30,000 square meters; it includes research and development (R&D) labs and test tracks. The techn...
    10-Jan-2020 News Investments
    Mercedes-Benz and Bosch to build a vehicle test center in Brazil
    According to a press statement issued by Mercedes-Benz on 6 January, the German automotive firm has announced that it will be building a new vehicle test centre in collaboration with auto components supplier, Bosch. This new centerwill be located within the existing testing grounds of Mercedes-...
    08-Jan-2020 News Investments
    Lear invests in Autotech Ventures to support mobility technology start-ups
    Lear Corporation has invested in Silicon Valley-based venture capital firm Autotech Ventures to support startups in deploying revolutionary mobility technologies, the company said in a press release on 7 January. Lear invested in Autotech Ventures through Lear Innovation Ventures (LIV). Significa...
    08-Jan-2020 News Investments
    Mitsui Kinzoku Die-Casting to build new facility in US to manufacture products for EVs
    Japan-based automotive parts manufacturer Mitsui Kinzoku Die-Casting Technology America, Inc. (MKDA) announced plans to build a new manufacturing facility in Georgia, United States, according to a news release on the official website of the Georgia Department of Economic Development on 26 December. ...
    06-Jan-2020 News Investments
    Suzuki JV AEPPL plans to invest USD520 million in second phase of EV battery plant in India
    Automotive Electronics Power Pvt. Ltd (AEPPL), a joint venture (JV) among Japanese Toshiba Corporation, Denso Corporation, and Suzuki Motor Corporation, is planning to invest INR37.15 billion in the second phase of its under-construction battery plant in Gujarat, India, Live Mint reported on 1 Janua...
    03-Jan-2020 News Investments
    Hyundai Motor Group plan to invest USD86.22 billion over next five years
    South Korean car maker Hyundai has announced its strategy to invest over KRW100 trillion (approximately USD86.22 billion) over the next 5-year period, with investments of KRW20 trillion on an annual basis. In a press release issued on 2nd January, the company stated that it will be launching 44 n...
    02-Jan-2020 News Investments
    SPARX Group’s Mirai Creation Fund II invests in GaN Systems
    GaN Systems has announced that Mirai Creation Fund II, a fund by SPARX Group, has made an investment in the company, a press release from 17 December read. Mirai Fund provides capital to companies focused on innovation with vehicle electrification among the top priorities. “The combination of c...
    02-Jan-2020 News Investments
    Excellence Optoelectronics breaks ground on new facility in Taiwan for automotive LED lighting module, displays
    Excellence Optoelectronics Inc. (EOI) broke ground on its new facility at Hsinchu Science Park (HSP) in northern Taiwan, LEDinsisde reported on 30 December. The new facility will be used for research and development (R&D) of mini LEDs for automotive displays and large size display, as well as au...
    Tesla begins deliveries of China-made Model 3
    Tesla began delivering Model 3 electric cars from its newly-established Gigafactory in Shanghai, China, on Monday (30 December), Reuters reported. The US-based electric carmaker handed over locally-built Modal 3s to its 15 employees in an event today. “From now onwards China-made Model 3 vehicles ...
    30-Dec-2019 News Investments
    Uber acquires 600 acres in Pittsburgh to build test track for autonomous vehicles
    Ride-hailing company Uber has purchased nearly 600 acres of land near Pittsburgh, Pennsylvania, United States, for USD9.5 million to build a test track for autonomous vehicles, Associated Press (AP) reported on 28 December. Uber acquired the parcel in Findlay Township through an affiliate from a dev...
    30-Dec-2019 News Investments
    GAC, China’s Shaoguan government begin construction of testing center for intelligent-connected and new-energy vehicles
    Guangzhou Automobile Group Co (GAC Group) and the Shaoguan city government in Guangdong Province in South China have started construction of a testing center for intelligent-connected and new-energy vehicles, China Daily reported today (27 December). The two partners are investing CNY2.75 billion (U...
    27-Dec-2019 News Investments
    Okayama Murata to build new ceramic components plant in Japan
    Okayama Murata Manufacturing Co., Ltd., a subsidiary of Murata Manufacturing Company, Ltd., has announced plans to build a new plant in Japan to produce ceramic components used in electronic devices, according to a company press release on 24 December. The company began construction on a new product...
    Pierburg expands operations in US state South Carolina
    Pierburg US, a manufacturer of components for air supply and emission control, plans to expand its existing facility in South Carolina, United States, according to a report by Area Development on 23 December. To this end, the company plans to invest USD27 million in the facility, which is expec...
    26-Dec-2019 News Investments
    Mitsubishi, NTT pick 30% in HERE Technologies
    HERE Technologies announced on 20 December that Mitsubishi Corporation and Nippon Telegraph and Telephone Corporation (NTT) will jointly acquire 30% stake in the company via their jointly owned COCO Tech Holding B.V. Financial details of the deal were not disclosed. The deal is expected to go thr...
    23-Dec-2019 News Investments
    VW to invest USD21 billion on future technologies through 2024
    German automaker Volkswagen (VW) has announced its plan to invest EUR19 billion (approximately USD21 billion) on future technologies, with EUR11 billion of that amount being dedicated to electromobility, according to a press release from the company dated 19 December. VW has also announ...
    20-Dec-2019 News Investments
    Continental launches ‘Smart City Mobility and Transportation Hub’ in US
    Continental has launched a ‘Smart City Mobility and Transportation Hub’ in Auburn Hills, Michigan, United States, the company said in a press release on 18 December. At its new hub, there are two intersections which the German supplier has made intelligent by integrating its sensors and software...
    19-Dec-2019 News Investments
    Novares starts operations at engine parts manufacturing plant in Russia
    Novares has opened its first plant in Togliatti, Russia, to produce engine parts, the company announced in a press release on 18 December. Novares has rented an 1,860-square meter site situated in the industrial park of AvtoVAZ, which is part of the Renault-Nissan Alliance. The new site will begin p...
    TRB Lightweight Structures to open composites manufacturing center in US
    TRB Lightweight Structures has announced plans to open a new composites manufacturing center in Richmond, Kentucky in the United States as a joint venture with Toyota Tsusho America, according to a company press release. The site will produce carbon fiber components using TRB's unique press-forming ...
    18-Dec-2019 News Investments
    Toyota Research Institute-Advanced Development commence operations at Tokyo head office
    Toyota Research Institute-Advanced Development (TRI-AD), a company established by Toyota Motor to develop automated driving software, has commenced full scale operations at its new head office in Nihonbashi, Tokyo, Japan, the automaker said in a press release on 17 December. TRI-AD moved into the ne...
    18-Dec-2019 News Investments
    Ford to invest over USD1.45 billion in capacity expansion at two plants in Michigan
    American auto maker Ford has announced that the company would be investing USD1.45 billion in its two manufacturing plants in Michigan in order to bolster higher production numbers and facilitate the expansion of Ford into the areas of electric vehicles and autonomous vehicles. The company will i...
    18-Dec-2019 News Investments
    Radar chipset developer Arbe closes USD32 million Series B funding
    Arbe has announced the closing of USD32 million in Series B funding in a boost to full production of its breakthrough radar chipset, the company said on 16 December. Catalyst CEL, BAIC Capital, AI Alliance (Hyundai, Hanwha, SKT), and MissionBlue Capital, Canaan Partners Israel, iAngels, 360 Capital ...
    17-Dec-2019 News Investments
    GM to invest USD1.5 billion in US plant to produce next generation of midsize pickup trucks
    General Motors (GM) announced plans to invest USD1.5 billion in its existing plant in Wentzville, United States, to produce its next generation midsize pickup trucks, the automaker said in a press release on 13 December. Of the total investment, USD1 billion will be used to upgrade the truck plant i...
    Auto parts molder US Farathane expands operations
    Auto parts molder US Farathane LLC is expanding its facility in Michigan, US, according to a report by Plastics News on 11 December. To this end, the company plans to invest more than USD20 million. The 100,000-square-foot expansion is expected to create 89 jobs. The project is slated for completion...
    MANN+HUMMEL invests in capacity expansion at US production facility
    Germany-based MANN+HUMMEL announced plans to invest USD15 million at its facility in Tennessee, the United States, according to a press release on the official website of Tennessee Department of Economic and Community Development on 10 December. The expansion is expected to create up to 50 jobs at t...
    13-Dec-2019 News Investments
    ZKW expands headlamps production capacity in Mexico
    Austrian Lighting systems specialist ZKW is expanding its manufacturing capacity for headlamps in Silao, Mexico, according to a company press release on 6 December. To this end, the company is investing EUR67.5 million (USD75.1 million) at its existing Mexican site. The expansion is expected to doub...
    ZKW expands manufacturing operations in Slovakia
    Austria-based lighting solutions supplier ZKW is expanding its Slovakian plant, the company announced in a press release on 6 December. The company has invested around EUR155 million (USD172.5 million) toward expansion of its existing site in Krušovce, Slovakia. The plant manufactures headlamp...
    Brose approves investment of between USD1.7 to 2.2 billion by 2021
    Brose Group has approved an investment program worth between EUR1.5 billion and EUR2.2 billion (USD 1.7 billion and USD2.2 billion) by 2021, the company said in a press release on 11 December. The company plans to add personnel in information technology (IT), software, and electronics. However, the ...
    12-Dec-2019 News Investments
    SK Innovation completes construction of EV battery plant in China
    SK Innovation has completed the construction and opened its first electric vehicle battery plant in Changzhou, Jiangsu Province, China, Pulse reported on 6 December, citing the company. SK Innovation will start mass production of battery cells for electric vehicles early next year. “The new plant ...
    11-Dec-2019 News Investments
    French supplier Streit Groupe inaugurates new manufacturing plant in Mexico
    French supplier Streit Groupe has inaugurated a new manufacturing plant in Guanajuato, Mexico, to assemble and manufacture parts for center housing turbochargers, according to a report by Automotive News Mexico on 2 December. The company invested USD20 million in the plant, which is expected to crea...
    Kia Motors inaugurates new production facility in India
    According to a press release dated 5th December, Kia Motors has announced the inauguration of its new manufacturing plant in Anantapur district, which is located in the Indian state of Andhra Pradesh. The South Korean car maker has invested USD1.1 billion, and construction of this facility commenced...
    09-Dec-2019 News Investments
    Electric powertrain supplier Lightning Systems raises USD41 million from investors
    Lightning Systems, a manufacturer of zero-emission drivetrains based in Colorado, US, has announced that it has raised equity, debt, and working capital line funding of USD41 million from new and existing investors, according to a press statement issued by the company on December 3rd. The amount ...
    09-Dec-2019 News Investments
    Venture capital units of JLR, Volvo Group, and HELLA invest in autonomous software specialist ApexAI
    The venture capital arms of Volvo, HELLA, and Jaguar Land Rover (JLR) have invested in autonomous software specialist ApexAI, Volvo and JLR said in separate press releases on 5 December. New investors in ApexAI include Volvo Group Venture Capital AB, JLR’s venture capital arm InMotion Ventures, an...
    BASF to double production capacity of automotive refinish coatings at its Chinese plant
    BASF will construct a new facility for automotive refinish coatings in Jiangmen, Guangdong Province, in South China to enhance production capacity in the country, the company said in a press release on 5 December 2019. The new site is scheduled to start production in the first half of 2022. ...
    06-Dec-2019 News Investments
    Mercedes-Benz commences battery production in Thailand
    Mercedes-Benz has started production of batteries for plug-in hybrid vehicles (PHEV) at its Bangkok plant in Thailand, the company announced in a press release on 4 December. Mercedes-Benz and its local partners, Thonburi Automotive Assembly Plant (TAAP) and Thonburi Energy Storage Systems (TESM), h...
    05-Dec-2019 News Investments
    Bosch starts construction of new fuel-cell center in China
    Bosch broke ground on a fuel cell center in Wuxi, China, the German supplier said in a press release on 2 December. The new center paves the way for technological breakthroughs in fuel cell application in both commercial vehicles and passenger cars. The center in Wuxi will be engaged mainly in ...
    SK Innovation mulls setting up second EV battery plant in China
    South Korean battery maker SK Innovation is planning to set up a new electric vehicle (EV) battery plant  in Yancheng, China, reports news website BusinessKorea. SK Innovation is investing USD1.05 billion in the new plant. According to the report, most of the batteries manufactured at the new&n...
    04-Dec-2019 News Investments
    Silicon Mobility opens Japan unit
    Silicon Mobility has opened a subsidiary in Tokyo, Japan, to provide system integration expertise and support for local customers, the company said in a press release on 29 November. “Japan is one of our lead markets. Our customers need dedicated local expertise to accelerate their system devel...
    03-Dec-2019 News Investments
    BMW invests USD443 million to upgrade Dingolfing facility in Germany
    German auto maker BMW has announced its decision to invest approximately EUR400 million (nearly USD443 million) in its vehicle manufacturing facility located in Dingolfing, Germany. According to a press release dated 2nd December, the investment is to upgrade the plant ahead of the company’s produ...
    03-Dec-2019 News Investments
    Bentley commences work on new engineering test centre in Crewe, UK
    British luxury car maker Bentley has announced that the company has begun work on its all-new engineering center in the United Kingdom, according to a press statement issued on 2nd December. This new facility is located at the company’s headquarters in Crewe, and is being constructed due to&n...
    03-Dec-2019 News Investments
    HORIBA FuelCon to expand plant in Germany
    HORIBA FuelCon is planning to expand its plant in Technologiepark Ostfalen in Germany, Invest in Saxony-Anhalt announced in a press release on 26 November. The company will add a new building which is scheduled to be inaugurated at the end of 2021 and will create around 250 new jobs. Under the proje...
    03-Dec-2019 News Investments
    Audi to spend USD13.2 billion on electromobility by 2024
    Audi has accelerated its investment plans and is now planning to invest EUR12 billion (USD13.2 billion) in electromobility between 2020 and 2024, the company announced in a press release on 29 November. In total, Audi has announced EUR37 billion in investments towards research and development (R&...
    02-Dec-2019 News Investments
    BMW and Great Wall Motors officially inaugurate JV for manufacturing electric models from MINI
    BMW and Great Wall Motors (GWM) have officially inaugurated their new joint venture (JV) ‘Spotlight Automotive Limited’ to manufacture electric models from MINI brand, BMW announced in a press release on 29 November. The 50:50 JV will set up a new plant with standard capacity of 160,000 vehicles...
    02-Dec-2019 News Investments
    EVBox opens upgraded EV charger plant in France
    EVBox has reopened its upgraded electric vehicle (EV) charger manufacturing plant in Bordeaux, France. With the renovated facility, EVBox will be able to increase production of its fast and ultrafast chargers up to 450 units per month by 2020 and add 80 to 100 jobs. "Our industry is gro...
    29-Nov-2019 News Investments
    Yanfeng Automotive Interiors opens new plant in Serbia
    Yanfeng Automotive Interiors (YFAI), a major supplier of automotive interiors, has opened opening a new plant in the Šumadija district in Serbia, according to a company press release on 28 November. The new plant is expected to create 800 jobs over the next few years. “With this new plant in S...
    Solvay to double its Solef PVDF capacity in China
    Solvay announced plans to double its production capacity of the high-performance polyvinylidene fluoride (PVDF) polymer Solef® at its production site in Changshu, China, according to a company press release on 26 November 2019. The company expects the new production site to come onstream by the fir...
    29-Nov-2019 News Investments
    Hyundai to set up new manufacturing facility in Indonesia
    South Korean automotive manufacturer Hyundai Motor Company has announced its plans to set up its first ever production facility in Indonesia, according to a press statement issued on November 26th. The company entered into a memorandum of understanding (MoU) with the government of Indonesia to build...
    28-Nov-2019 News Investments
    ZF to open third R&D facility in China at Guangzhou by 2023
    German automotive components maker, ZF Friedrichshafen AG, has announced its plan to open a new research and development center in the Chinese city of Guangzhou. According to a press release issued on 27th November, this facility will be the company’s third R&D center in China, and it is ...
    28-Nov-2019 News Investments
    Nippon Light Metal Georgia starts building new plant in US
    Nippon Light Metal North America, Inc. (NLMNA), a wholly owned subsidiary of Nippon Light Metal Co Ltd, and ITOCHU Metals Corporation, have signed an agreement to establish a joint venture (JV) company in the United States to develop and manufacture aluminum components for vehicles, according t...
    BASF launches smart Verbund investment project in China
    BASF has launched its smart Verbund project in Zhanjiang, Guangdong province, China, under which BASF is investing USD10 billion in China, the company announced in a press release on 23 November. As part of the project, BASF has commenced building a new plant to produce engineering plastics and...
    26-Nov-2019 News Investments
    Group14 raises USD18 million funding for silicon-carbon composite anode material
    Group14 Technologies has raised USD18 million from Amperex Technologies, Showa Denko, Cabot Corp, BASF Venture Capital and OVP Venture Partners, the company said in a press release on 21 November. The funds will be used by the company to scale up manufacturing and commercial production of a new-gen ...
    26-Nov-2019 News Investments
    BMW invests over USD220 million in Austrian diesel engine development centre
    The BMW Group has announced that in 2019 alone, it will be investing over EUR200 million (more than USD220 million) in new diesel engines and test stands for the company’s electric drives at the engine development centre in Steyr, Austria. According to Fritz Steinparzer, the Head of diesel engi...
    22-Nov-2019 News Investments
    GM and Isuzu to invest USD175 million in new diesel engine components plant in the US
    In a press release issued on 21st November, American auto manufacturer General Motors (GM) stated that the company, along with Isuzu, would invest USD175 million in a new diesel engine components manufacturing facility. This new 251,000 sq. ft. plant will be located in Brookville, Ohio, and it will ...
    22-Nov-2019 News Investments
    PSA opens new assembly line for electrified powertrains at Trémery plant in France
    Groupe PSA (PSA) has inaugurated a new assembly line for manufacturing electrified powertrains, including electric motors, transmissions, and associated electronic equipment at its Trémery plant in France, the company announced in a press release on 20 November. Designed for flexibility, ...
    21-Nov-2019 News Investments
    Toyoda Gosei to enhance production capacity for interior and exterior products in US
    Toyoda Gosei Co., Ltd. has announced plans to increase production capacity for interior and exterior products at three production subsidiaries in the US to meet rising sales of large products such as radiator grilles in North America, according to a company press release on 21 November. To this...
    Cree, STMicroelectronics extend silicon carbide wafer supply agreement
    Cree and STMicroelectronics have jointly announced the expansion and extension of an existing multi-year, long-term silicon carbide (SiC) wafer supply agreement to more than USD500 million, according to a press release on 19 November. The extended agreement is a doubling in value of the orig...
    Wheels India plans to open cast aluminum plant in India during next fiscal
    Steel wheels manufacturer Wheels India has announced plans to open a new manufacturing unit to produce cast aluminum in the Indian state of Tamil Nadu, according to a report by ET Auto earlier this month. The company intends to invest INR1.4 billion (USD19 million) in the new plant. Significance:...
    20-Nov-2019 News Investments
    Tata Motors secures order for 500 electric vehicles from Lithium Urban Technologies
    Tata Motors and Lithium Urban Technologies announced their partnership in a press statement issued on 18 November. The companies will look into customized models to address mobility requirements of customers across the passenger, mass transit, and freight segments. The initial contract signed by ...
    Hyundai confirms USD410 million investment for Santa Cruz pickup production in the US
    Hyundai Motor Manufacturing Alabama (HMMA) announced in a press statement released on 13 November that the company would be investing USD410 million in expanding its production facility in Montgomery, Alabama, US. Hyundai intends to commence manufacturing of the Santa Cruz light pickup truck in...
    19-Nov-2019 News Investments
    Toyoda Gosei to increase weatherstrip production in China
    Japan-based Toyoda Gosei Co., Ltd. plans to increase production of weatherstrips (rubber parts for automotive doors and windows) at Hubei Toyoda Gosei Zheng Ao Rubber & Plastics Sealing Science and Technology Co., Ltd. (TG Zheng Ao) in China, according to a company press release on 15 November. ...
    BMW opens new battery cell competence center in Germany
    BMW has opened a new battery cell competence center in Germany, the company announced in a press  release on 14 November. BMW will use the center to advance battery cell technology and carefully dissect the production processes. The BMW Group is investing a total of EUR200 million in the Compet...
    18-Nov-2019 News Investments
    Volkswagen plans to invest EUR60 billion in e-mobility, hybridization, and digitalization over next five years
    Volkswagen (VW) is planning to invest EUR60 billion (USD66 billion) in e-mobility, hybridization, and digitalization over the next five years, the company announced in a press release on 15 November. Around EUR33 billion will be invested in electric mobility and the rest, EUR27 billion, in hybr...
    18-Nov-2019 News Investments
    Nexen Tire opens new technical center in the US
    South Korean tyre manufacturer Nexen Tire opened a new technical centre in the United States last week. The new USD5.2 million facility in Richfield, Ohio, covers an area of 35,540 ft2 and is expected to strengthen its position as an original equipment (OE) tyre supplier in the N...
    18-Nov-2019 News Investments
    Stanley Electric establishes production base for automotive lights in Philippines
    Stanley Electric has established a new production base for automotive lights in the Philippines, according to a company press release last month. The company announced the establishment of a production subsidiary in the Philippines following a series of talks with Germany-based HELLA, one of its bus...
    Ford partners with South African government to launch supplier industrial park in Pretoria
    Ford South Africa has partnered with national, provincial, and local governments to launch the Tshwane Automotive special economic zone (SEZ) in Pretoria, the company said in a press release last week. The Tshwane Automotive SEZ is located adjacent to Ford’s Silverton vehicle assembly plant. ...
    15-Nov-2019 News Investments
    Tata Motors inaugurates Advance Power Systems Engineering Tech Center in India
    Indian automaker Tata Motors inaugurated its Advance Power Systems Engineering Tech Center on 13 November. This facility is located at the Engineering Research Center (ERC) in Pune, India. This new technology center will be involved in engineering, testing, and developing powertrain solutions f...
    Volkswagen starts construction of new EV plant in US
    Volkswagen (VW) has broken ground on a new facility for manufacturing electric vehicles (EVs) at its Chattanooga plant in the US, the company announced in a press release on 13 November. The new manufacturing facility will start production in 2022 and will be VW's North American assembly base for EV...
    14-Nov-2019 News Investments
    Toyoda Gosei to expand airbag part production capacity in Vietnam
    Toyoda Gosei has announced plans to expand airbag part production capacity at its Thai Binh plant in Vietnam, the company said in a press release on 13 November. The planned expansion at the company’s Vietnamese subsidiary, Toyoda Gosei Haiphong (TGHP), will increase production capacity of the bag...
    14-Nov-2019 News Investments
    ZF inaugurates new facility in Vietnam to produce chassis modules
    German gearbox and chassis components manufacturer ZF has opened its newest production facility in the city of Hai Phong, Vietnam, according to a press release dated November 11th. This new EUR25 million (approximately USD28 million) plant will provide chassis module sets to Vietnamese automotive ma...
    SAIC Volkswagen starts pre-production in dedicated EV plant in China
    SAIC Volkswagen, a joint venture between Volkswagen Group (VW) and SAIC Motors, has completed construction of an all-new plant in Anting, China, the German automaker said in a press release on 8 November. The plant will exclusively produce electric vehicles built on VW’s Modular Electric Driv...
    11-Nov-2019 News Investments
    Marquardt opens second factory in China
    Marquardt has opened its second plant in China in Weihai City to produce automotive electronics products, the company said in a press release on 8 August 2019. The company invested EUR45 million in the new plant, which is expected to create 600 jobs over the next two and a half years. The new plant,...
    11-Nov-2019 News Investments
    JATCO commences manufacturing of CVT8 automatic transmission at new Chinese facility
    In a press release dated 8th November, Japanese transmissions manufacturer JATCO confirmed that it is commencing production operations of continuously variable transmissions (CVTs) at its new manufacturing facility located in the Economic and Technological Development Zone of Zhangjiagang city, Jian...
    Smart Radar System raises USD4 million in Series A funding
    Smart Radar System (SRS) has raised USD4 million in a Series A funding round, the company said on 28 October. The round was led by Kakao Ventures, while Hemi Ventures and Hyundai Investment Partners among others made the list. The Series A funding will be used for the development and co...
    08-Nov-2019 News Investments
    Porsche invests in Israeli start-up Tactile Mobility
    Porsche has made a minority investment in Tactile Mobility, the automaker said in a press release on 29 October. Union Tech Ventures and other existing investors will also participate in the investment round. Tactile Mobility plans to use the funds primarily to strengthen its development and ...
    05-Nov-2019 News Investments
    GM restarts production schedule after UAW strike ends
    General Motors (GM) employees returned to their normal work schedules on 28 October after the US automobile manufacturer resumed production operations. Many of the company’s employees had been on strike since 16 September, which came to a close on 25 October after American...
    Hyundai invests in three hydrogen technology companies
    Hyundai Motor has invested in three hydrogen technology companies – Impact Coatings, H2Pro and GRZ Technologies – to strengthen its leadership position in the global hydrogen fuel cell ecosystem, the company announced on 29 October. Impact Coatings has expertise in coating solutions fo...
    01-Nov-2019 News Investments
    Illuminated grill/logo and contour lighting outlook in lower segment vehicles
    Nowadays, an increasing number of automakers are using exterior lighting (other than headlamps and tail lamps, which are used for traditional lighting functions) such as contour lighting, logo and grill illumination as one of the ways to differentiate their vehicles on the road. However, such lighti...
    Brose to set up new plant for electric motors and drives in Serbia
    Brose is planning to open a new plant in Serbia to manufacture electric motors and drives, the company announced in a press release on 25 October. Brose will invest EUR180 millions (USD200 million) in the plant, which is expected to create 1,100 new jobs in production, development and administration...
    30-Oct-2019 News Investments
    CelLink raises USD22.5 million in Series B funding from Robert Bosch Venture Capital, Ford and BMW i-Ventures
    Robert Bosch Venture Capital (RBVC), Ford Motor Company and BMW i-Ventures have invested USD22.5 million as part of CelLink Corporation’s Series B funding round, the company announced in a press release on 29 October. The latest round of new funding will ramp up CelLink’s production...
    30-Oct-2019 News Investments
    Umicore opens new plant for fuel cell catalysts in South Korea
    Umicore has opened a new plant to manufacture fuel cell catalysts in SongDo Incheon City (Seoul area), South Korea, the company announced in a press release on 23 October. The facility will support the growth of Hyundai Motors Group as well as other automotive customers.  The company is plannin...
    29-Oct-2019 News Investments
    Hyundai Wia to invest USD180 million in new engine production facility in Russia
    The Hyundai Wia Corporation, one of the largest automotive components manufacturers in South Korea, has announced its plan to invest KRW210 billion (approximately USD180 million) to set up an all-new production facility in Saint Petersburg, Russia. According to a report by the Yonhap News Agency, th...
    Tesla begins trial production at new Gigafactory in Shanghai
    Tesla has commenced trial production of Model 3 electric car at its new Gigafactory Shanghai in China ahead of schedule, the company said in its third quarter earnings report on 23 October. According to Reuters, the US-based electric carmaker has been producing Model 3 at the new plant for the past ...
    25-Oct-2019 News Investments
    South Korea plans to roll out 86 hydrogen refueling stations by end of this year
    The Ministry of Trade, Industry and Energy (MOTIE) of South Korea announced on October 22nd that it would ensure that 310 hydrogen refuelling stations will be installed across the country by the year 2022, and that installations will commence without any delay, according to South Korean news agency ...
    25-Oct-2019 News Investments
    Faurecia expands Mexican plant to manufacture seats
    Faurecia has inaugurated its expanded seats plant—Faurecia Frames—in San Luis Potosí, Mexico, according to a report by Cluster Industrial on 23 October. The extension includes manufacturing technologies 4.0 for the manufacture of seats. Significance: The company opened the expanded plant thr...
    Visteon opens new technical center in Mexican city Queretaro
    Visteon has opened a new engineering center in Querétaro, Mexico, the company announced in a press release on 22 October. The Visteon Querétaro Technical Center (VTCQ) is responsible for developing advanced cockpit electronics products for automakers in North American such as Ford, Fiat Chrysler A...
    FCA to set up battery assembly complex in Italy
    FCA is planning to set up a new battery assembly complex in in Turin, Italy, the company announced in a press release on 22 October. The new "Battery Hub" will be located in the Mirafiori complex and preparations will begin in early 2020. FCA will invest around EUR50 million (USD55.7 million) in the...
    24-Oct-2019 News Investments
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