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    Tariff trouble: Will Mexico's auto investment engine splutter?
    In the aftermath of the US election, President-elect Donald Trump’s impending return to the Oval Office has sparked widespread speculation about the implications of his second term, particularly in the automotive sector. As the world watches, the intersection of politics and innovation becomes a focal point, with the administration's stance on the Inflation Reduction Act (IRA) and its impact on electric vehicle supply chains taking center stage. Meanwhile, the alliance between Elon Musk and th...
    Inching closer to commercialization: Curious case of autonomous trucks
    The advent of autonomous trucking represents a significant paradigm shift within the broader mobility industry, with far-reaching implications for logistics and supply chain management. However, the roadmap for autonomous truck deployment is continuously being dialed back as technology maturation, capital investment, business case rationalization, and regulatory hurdles prove more challenging than expected. Despite these challenges, the potential for autonomous trucks to revolutionize freight tr...
    American Center for Mobility launches EV Charging Basecamp in Michigan
    The American Center for Mobility (ACM) has inaugurated the EV Charging & Interoperability Testbed, known as the EV Charging Basecamp, at the Willow Run facility in Ypsilanti Township, Michigan. The testbed serves as a collaborative space for original equipment manufacturers, charge-point operators (CPOs) and electric vehicle supply equipment suppliers (EVSEs), offering access to a diverse range of chargers, management software and equipment to ensure seamless charging experiences f...
    Banpu NEXT and Durapower inaugurate assembly plant to boost Thai EV market
    Banpu NEXT, a subsidiary of Banpu PCL and a leader in Net Zero Solutions in Asia-Pacific, in collaboration with Durapower, a global leader in lithium battery storage solutions, inaugurated the DP NEXT battery assembly plant in AMATA City Chonburi Industrial Estate to boost electrification and clean transport in the Thai mobility market. This facility aims to accelerate the adoption of electric buses and heavy-duty vehicles in Thailand and the Asia-Pacific region, supporting Thailand's Net Zero e...
    Uber mulls over $10 million investment in Pony AI's impending US IPO
    Uber Technologies is considering an investment exceeding $10 million in Pony AI Inc.'s upcoming IPO in the US, according to a report published by The Economic Times on Nov. 21. The autonomous driving firm, Pony AI, plans to price its IPO next week, which has seen an increase in size due to heightened interest. Although the final investment amount by Uber is yet to be determined and discussions are still ongoing, Uber is exploring the possibility of utilizing Pony AI's technology in a par...
    Microporous to invest $1.35 billion on new battery separator plant in Virginia
    Microporous LLC, a notable manufacturer of battery separators, announced a significant investment of $1.35 billion to open a new manufacturing facility in Pittsylvania County, Virginia. The project is expected to generate 2,015 new jobs, following Virginia's successful bid over North Carolina. This development is to take place in two phases on Lot 1 of the Southern Virginia Megasite, with each phase occupying about 500,000 square feet, and potential future expansions considered for Lot 2. ...
    Ontario announces 1,300 new EV charging ports across smaller communities
    The Ontario government announced the installation of over 1,300 new electric vehicle charging ports in small and medium-sized communities across the province. This initiative is a part of Ontario's efforts to make EV charging more accessible outside of large urban areas and to support the growing EV and EV battery manufacturing sector. Ontario Minister of Energy and Electrification Stephen Lecce highlighted the project's aim to provide more charging options for over 201,000 EV owners, particu...
    Ample secures $25 million in fresh investment from Mitsubishi Corp.
    Ample, a leading provider of electric vehicle battery-swapping technology in the US, has secured $25 million in fresh funding from Mitsubishi Corp., Ample announced Nov. 19. The company said that the strategic collaboration goes beyond a financial investment, where Mitsubishi Corp. plans to support Ample's ongoing efforts to expand its battery-swapping business. As part of its plan, Mitsubishi Corp. aims to collaborate closely with Ample, leveraging its expertise in mobility, renewable energy...
    BMW commences operations at Wackersdorf battery-testing center
    BMW has commenced initial operations at its all-new battery-testing center at Wackersdorf, Germany, the company announced Nov. 19. The facility, which was first announced by the carmaker in 2023, is still under construction and is scheduled for completion in late 2025. The site spans over 8,000 square meters and is developed to rigorously test individual battery cells, complete high-voltage batteries and other electric powertrain components for future BMW Group models early in developmen...
    Asahi Kasei and Honda begin construction of new EV battery separator plant in Canada
    In a significant move toward enhancing the North American electric vehicle market, Asahi Kasei Battery Separator Corp., in collaboration with Honda, initiated the construction of a new lithium-ion (Li-ion) battery separator manufacturing facility in Port Colborne, Ontario. The new plant is slated to start commercial production in 2027, pending necessary permits and approvals. The facility is set to generate over 300 full-time jobs in its initial phase and aims to produce about 700 million squ...
    Chinese battery-maker Gotion High-Tech invests in Ebusco
    Ebusco, a Dutch manufacturer of electric buses, announced a proposed strategic investment agreement with Chinese battery-maker Gotion High-Tech Power Energy Co. on Nov. 8. In a press note released Nov. 18, Ebusco said that the two companies have formalized the partnership agreement. On the sidelines of this arrangement, Gotion plans to strengthen the partnership through equity participation in the electric bus manufacturer. The agreement was signed between Ebusco; Gotion; Gotion GmbH, a Germa...
    EcoPro announces expansion to boost EV battery material production
    EcoPro, under the leadership of CEO Song Ho-jun, announced an ambitious plan to expand its production capacity of precursors, a crucial material for electric vehicle batteries. This announcement came during the EcoFriendly Day IR event held at the Fairmont Ambassador Seoul hotel in Yeouido, Seoul, on Nov. 8. The company revealed its mid-to-long term vision to build a system with a cathode material capacity of 710,000 metric tons and a precursor capacity of 255,000 metric tons by 2030, aiming ...
    Sabic launches ULTEM resin plant in Singapore to meet Asia-Pacific demand
    Sabic, a globally diversified chemicals company, has inaugurated its new ULTEM resin manufacturing facility in Singapore with an investment of S$220 million (US$170 million). This marks Sabic's first advanced specialty chemical production unit in the region that focuses on producing ULTEM resin, a high-performance thermoplastic. The establishment of this facility aligns with Sabic's strategy to boost its global production of ULTEM specialty resin by over 50%, aiming to mee...
    Bridgestone plans $85 million investment to expand operations in India
    Bridgestone has announced plans to invest $85 million in the capacity expansion of manufacturing plants in India, located in Pune, Maharashtra, and Indore, Madhya Pradesh, the company said in a press release on Nov. 8. The capacity expansion is in line with the Japanese tiremaker’s premium-mass strategy, starting from 2025. The Pune plant's production capacity is expected to increase by approximately 1.1 million tires annually by 2029, and the Indore plant will see improvements in its abili...
    Ionic MT leases Silicon Ridge for nano-silicon anode production
    Ionic Mineral Technologies (Ionic MT), a company focused on the production of nano-silicon anode battery materials, has recently secured a significant advancement by leasing and obtaining full permissions for a 4,000-acre property known as Silicon Ridge halloysite from the state of Utah, US. This strategic move is poised to substantially increase the company's reserves of halloysite, which serves as an essential raw material for the production of its proprietary Ionisil nano-silicon anode m...
    Inteva Products invests $3.3 million in expansion of Pune facility in India
    Inteva Products has announced plans to expand its Chakan manufacturing facility in Pune, Maharashtra, India, with an investment of $3.3 million. This strategic investment aims to boost the plant's production capacity and operational efficiency by 70%, expanding the production space to 85,000 square feet and adding 26,000 square feet of office space. This expansion will allow Inteva to install new production lines for window regulators, latches and window regulator motor assemblies, positionin...
    Jefferson Parish approves $500 million EV battery component plant
    The Jefferson Parish Council recently approved construction of a $500 million chemical production facility for electric vehicle batteries at Cornerstone's campus in Waggaman, Louisiana. This decision, which passed unanimously, amends Cornerstone's special permit, allowing UBE C1 Chemicals America Inc., a Japanese chemical company, to produce solvents for lithium-ion EV batteries on the site. The project is viewed as a strategic move to make Cornerstone's operations more environmentally friendly ...
    Amara Raja to start lead battery recycling in Tamil Nadu
    Amara Raja Energy and Mobility Ltd. is set to begin commercial operations at its new lead acid battery recycling plant in Tamil Nadu, India, by the end of November. This move is part of the company's strategy to increase the use of recycled lead sources in its manufacturing processes. The plant, which is a project of subsidiary Amara Raja Circular Solutions located in Cheyyar, Tamil Nadu, aims to eventually meet 25-30% of Amara Raja's overall raw material needs. The facility, with an initial ...
    DeepRoute.ai secures $100 million in Series C1 funding for smart driving solutions
    DeepRoute.ai has announced a successful Series C1 funding round, raising $100 million from a prestigious Chinese automotive original equipment manufacturer, as reported in a press release on Nov. 4. The strategic investment aims to boost research and development of the company's end-to-end model, DeepRoute IO; facilitate collaboration with global automakers; explore potential robo-taxi businesses; and attract more AI-native talent. DeepRoute.ai plans to release over 10 additional series mod...
    Schaeffler AG opens state-of-the-art €90 million technology center in Herzogenaurach, Germany
    Automotive component supplier Schaeffler AG has opened a state-of-the-art technology center at its headquarters in Herzogenaurach, Germany, the company announced on October 30. Schaeffler said the company has invested around €90 million in constructing the technology center, which was completed on schedule in two years and five months. The all-new technology center is spread across an area of more than 18,000 square meters and aims to bring together core areas of expertise in materials scie...
    Hanon Systems opens new plant in Ontario for EV component production
    Hanon Systems, a global automotive thermal management supplier, announced the establishment of a new plant in Woodbridge, Ontario, marking an expansion of its manufacturing capabilities in North America. Slated to begin production in the first half of 2025, the new facility is set to enhance the company's production of key electric vehicle components, such as electric scroll compressors vital for thermal management in hybrid and battery-electric vehicles. Spanning approximately 284,200 square...
    Wolfspeed shelves semiconductor factory project in Germany
    Wolfspeed, a US-based chipmaker, has decided to cancel its project to construct a semiconductor factory in Ensdorf, Germany, attributed to the slower-than-anticipated adoption of electric vehicles, according to a report published by Reuters on Oct. 24. Initially, in June, Wolfspeed had postponed the building of this $3 billion facility, which was intended to manufacture computer chips for electric cars. This delay was seen as a sign of the EU's challenges in boosting semiconductor produc...
    Waymo secures $5.6 billion to expand autonomous ride-hailing service
    Alphabet's self-driving unit, Waymo, announced the closure of a $5.6 billion funding round with Alphabet leading the investment effort to bolster its autonomous ride-hailing service's expansion, according to a report published by Reuters on Oct. 25. The funding round attracted participation from a range of existing investors, including Andreessen Horowitz, Fidelity, Perry Creek, Silver Lake, Tiger Global and T. Rowe Price.  "With this latest investment, we will continue to welc...
    Benteler boosts Spartanburg plant with major investment
    Benteler Group, a prominent entity in the automotive sector, announced a significant investment in its Spartanburg, SC, plant, aiming to bolster its automotive manufacturing capabilities. This investment, which falls in the mid-double-digit million dollar range, is allocated for upgrades and the modernization of the plant's machinery and equipment. The objective behind this financial outlay is to enhance the efficiency of the production and assembly facilities at the Spartanburg site, which h...
    Denso expands operations in Athens, Tenn., adding 200 new jobs
    In a press release dated Oct. 24, Denso announced the expansion of its manufacturing operations in Athens, Tenn. This development includes a significant addition of 54,560 square feet of new production space alongside renovations to the existing facilities. Through this project, Denso plans to introduce 200 new jobs into the Athens location and commit an investment of $100 million, reinforcing its position as McMinn County's largest employer. The latest expansion enables the Athens facility t...
    Wayve expands into the US with Silicon Valley office and testing program
    Wayve, a company specializing in embedded AI for the automotive industry, has opened a new office in Sunnyvale, Calif., to support its expansion and AI development in the US. The UK-based company has also started a driver assistance testing program in San Francisco and the Bay Area. This development marks Wayve's first on-road trials outside the UK, representing a significant step toward creating AI software aimed at enhancing driving assistance and automation features globally. The US t...
    Stellantis invests $29.5 million in research and technology center in US
    Stellantis has invested $29.5 million in its research and technical center in Auburn Hills, Mich., to introduce Moving Ground Plane (MGP) technology to reduce drag and boost the range of electric vehicles, the automaker said in a press release on Oct. 23. The upgraded wind tunnel at the technical center now offers the capacity to measure and reduce airflow resistance from wheels and tires, which is responsible for up to 10% of total real-world aerodynamic drag, and improves the aerodyn...
    Jaguar Land Rover opens new Innovation Hub in India
    Jaguar Land Rover (JLR) has launched its latest Open Innovation Hub in Bengaluru, Karnataka, India, marking a significant expansion of its global innovation network. The India Hub will collaborate closely with startups to develop the next generation of products and services that will help automakers define future client experiences. This endeavor builds on the successes of JLR's existing innovation hubs situated in the UK, US, Israel and Brazil, extending its focus on advanced technologies su...
    AAM inaugurates Advanced Technology Development Center in Michigan
    In a press release dated Oct. 21, American Axle & Manufacturing (AAM) announced that it has inaugurated the Advanced Technology Development Center (ATDC). AAM refurbished an existing plant across AAM’s World Headquarters (WHQ) in Detroit as the ATDC. The ATDC will be a hub for advanced automotive technology development, supporting AAM’s commitment to Delivering POWER. ATDC plays a central role in AAM’s continued success in product launches and technological advancemen...
    GAC Group plans to invests $25 million in autonomous driving startup Pony.ai
    GAC Group is considering investing $25 million in China-based autonomous driving startup Pony.ai, according to a report by Yicai Global on Oct. 11. This investment, approved by GAC's board of directors, will be made through its subsidiary, GAC Capital. The initiative is part of the Chinese automaker's strategy to accelerate the development of its autonomous driving business. In August 2023, GAC signed a three-party joint venture agreement with Toyota Motor (China) Investment and GAC Toyota Mo...
    Hyundai Mobis to open new electrification plant in Slovakia
    Hyundai Mobis has announced its plans to enhance its electrification business within the European market by establishing a new production facility in Novaky, Slovakia. This new plant, aimed at producing power electric (PE) systems, marks Hyundai Mobis' first European production base specifically for PE systems, integral components for electric vehicles. The announcement was made following the signing of an investment agreement with the Slovak government. This initiative also includes an inves...
    Lyten plans to invest over $1 billion to build lithium-sulphur battery gigafactory in Nevada
    Lyten, a Stellantis-backed material applications company, plans to invest more than $1 billion to build the world’s first lithium sulfur battery gigafactory in Nevada, US, the company announced Oct. 15. The planned gigafactory will be located near Reno, Nev., and will have the capability to produce up to 10 GWh of batteries annually at peak capacity utilization, with phase one of the facility scheduled to become operational in 2027. Lyten’s planned factory will manufacture cathode acti...
    General Motors invests $10 million in material science company Forge Nano
    GM Ventures, the venture capital unit of General Motors (GM), plans to invest $10 million in Forge Nano, a materials science company specializing in atomic layer deposition, the company announced Oct. 16. In addition, GM and Forge Nano have also entered into a strategic partnership agreement to collaborate on potential atomic layer deposition applications for GM batteries. Atomic layer deposition is a surface engineering technique that applies thin-film coatings to battery materials to contro...
    Bosch invests $221.2 million to expand production in Aguascalientes plant
    Bosch has recently expanded its operations in Aguascalientes, Mexico, with the opening of new production lines at its plant following an investment of $221.2 million, according to a report published by Mexico Now on Oct. 16. The expansion is expected to create 400 jobs by 2027 and aims to strengthen Bosch's position in the global automotive market by integrating advanced technology and improving processes. The focus of this project, situated in the Aguascalientes Valley Industrial Park, is on...
    Wolfspeed secures up to $2.5 billion for US silicon carbide production
    According to a press release on Oct. 15, the US Commerce Department, along with Wolfspeed, has announced a non-binding preliminary memorandum of terms (PMT) for up to $750 million in direct funding under the CHIPS and Science Act. This is complemented by an additional $750 million in new financing from a consortium led by Apollo, The Baupost Group, Fidelity Management & Research Company, and Capital Group. The financial commitments are aimed at supporting Wolfspeed's growth and the domest...
    Niron Magnetics opens new plant for rare earth-free magnets in Minneapolis
    Niron Magnetics, recognized as the sole producer of rare earth-free permanent magnets, has inaugurated its commercial pilot plant in Minneapolis. This pioneering facility focuses on crafting a sustainable alternative to rare earth permanent magnets, which are pivotal in various sectors including electric vehicles, wind energy and consumer electronics. Slated to begin operations in 2026, the Sartell, Minn., facility aims to produce 1,500 metric tons of rare earth-free magnets per year t...
    Terawatt Infrastructure launches first charging site for electric fleets in Los Angeles
    Terawatt Infrastructure, focusing on providing charging solutions for electrified fleets, has inaugurated its first comprehensive charging site in Los Angeles. This strategic location is situated three miles from Los Angeles International Airport in Inglewood, encompassing 29 DC fast chargers dedicated to light-duty fleets. The site is equipped with advanced management features such as robust data infrastructure and proactive site maintenance, aiming to ensure high-charging reliability. These...
    Clarios invests in Altris for sodium-ion battery development
    Clarios, a global leader in advanced low-voltage battery solutions, has announced a strategic investment in Altris, a company at the forefront of sustainable sodium-ion (Na-ion) battery technology. This collaboration aims to propel the development and commercialization of low-voltage, Na-ion batteries for the automotive industry. The partnership aims to start commercial production by 2026. The investment builds upon a joint development agreement focusing on the production of Na-ion batteries,...
    Garrett Motion opens new zero-emission R&D center in mainland China
    Garrett Motion Inc., a global automotive technology company, has opened a new zero-emission innovation center in Wuhan, mainland China, according to a company press release on Oct. 8. The center, located at Garrett's existing manufacturing facility in Wuhan, marks a significant expansion in the company's research and development efforts, particularly in the area of zero-emission technologies. Garrett aims to leverage the Wuhan Innovation Center to advance its work on high-speed E-Powertrain s...
    Li Auto expands chip R&D efforts in Hong Kong, aims for mass production of AI inference chips by 2026
    Li Auto is setting up a chip research and development office in Hong Kong, with plans to hire AI chip architects, Pandaily reported Oct. 9, quoting media outlet LatePost. The new office is envisioned as an international technology exchange center and falls under the Li Auto Chip Preliminary Research Department, aiming to recruit a team of about 10 people. These positions are considered equivalent to technical experts or senior experts at major domestic internet firms, indicating the high leve...
    Continental boosts tire production in Thailand with major expansion
    According to a press release on Oct. 9, Continental is set to increase the production capacity of its tire manufacturing facility located in Rayong, Thailand, by adding an additional 3 million units per year. The expansion, which is part of a broader plan involving an investment exceeding €300 million, is supported by the Board of Investment of Thailand through its Investment Stimulation Measure for Economic Recovery Scheme. The initiative is aimed at bolstering Continental's growth within ...
    Toyota Kirloskar Motor to invest $2.5 billion on a new EV plant in Maharashtra, India
    Toyota Kirloskar Motor Pvt. Ltd. (TKM), which is an Indian joint venture between Japan’s largest automaker Toyota Motor Corp. and India’s Kirloskar Group, has been allotted a land parcel of 827 acres for a new manufacturing plant in the western state of Maharashtra, India, according to a news report published by PTI on Oct. 7. In July 2024, TKM had signed an agreement with the state government of Maharashtra to set up a greenfield manufacturing plant for electric and hybrid cars. The l...
    Sepion Technologies to open lithium-ion battery separator facility in US
    Sepion Technologies has announced plans to establish an advanced lithium-ion battery separator manufacturing facility in the Capitol Innovation District of West Sacramento, Calif. This initiative is supported by a $17.5 million grant awarded by CALSTART, a non-profit organization that drives the advancement of the clean transportation industry, and the California Energy Commission (CEC) through the “PowerForward, zero-emission vehicle (ZEV) Battery Manufacturing Grant Program.” “We...
    Nio secures $471 million in fresh capital from state-owned investors in mainland China
    Electric vehicle manufacturer Nio has secured 3.3 billion Chinese yuan (about $471 million) for its business in mainland China from three state-owned investors, the company said in a press release on Sept. 29. These investors — Hefei Jianheng New Energy Automobile Investment Fund Partnership, Anhui Provincial Emerging Industry Investment Co. Ltd. and CS Capital Co. Ltd. — will invest into Nio Holding Co. Ltd. (Nio China), a mainland China-based subsidiary in which Nio owns 92....
    SK tes opens advanced battery recycling plant in Rotterdam
    SK tes has inaugurated a state-of-the-art battery recycling facility in Rotterdam, the Netherlands, highlighting its commitment to the burgeoning electric vehicle industry and addressing the critical demand for battery production materials. The facility, initially covering 10,000 square meters with the potential for expansion to 40,000 square meters, is equipped to process up to 10,000 metric tons of material annually. This capacity is expected to double as the company plans to expand onto an...
    Segula Technologies inaugurates new US headquarters in Troy, Mich.
    Engineering service provider Segula Technologies has inaugurated its new US headquarters in Troy, near Detroit in Michigan, US, highlighting its expansion efforts in North America. The 7,000-square-feet office, located on the 12th floor of a modern building, provides a spacious and contemporary space for its operations. Troy's strategic role in engineering and technology, coupled with its proximity to leading technology companies including automakers such as General Motors, Ford and Stellantis, ...
    Tata Motors breaks ground on its new car factory in Tamil Nadu
    Tata Motors, India’s leading manufacturer of commercial and passenger vehicles, held a groundbreaking ceremony of its new, world-class production facility to manufacture cars and sport utility vehicles, at Panapakkam in Ranipet district, Tamil Nadu, India, the company announced Sept. 28. The planned car factory is slated to produce next-generation vehicles for Tata Motors and its British subsidiary Jaguar Land Rover (JLR). The internationally benchmarked plant will cater to requirements of ...
    Hanon Systems secures 600 billion won investment from Hankook Tire
    Hanon Systems, a global provider of automotive thermal energy management solutions, announced an expansion of its third-party allotment capital increase initially disclosed on May 3. With revised terms, the company plans to issue approximately 145 million shares at 4,139 won (about $3.15) each, raising a total of 600 billion won, exclusively funded by Hankook Tire & Technology. This adjustment increases the initial capital from 365.1 billion won to 600 billion won. The capital raised will...
    Lohum Cleantech signs MOU with ReElement Technologies, American Metals to build battery recycling plant in the US
    Lohum Cleantech Ltd., one of the leading producers of sustainable critical minerals in India, has signed a memorandum of understanding (MOU) with ReElement Technologies Corp. and American Metals LLC to establish a joint venture company focused on building a fully integrated battery recycling ecosystem in the US, American Resources Corp., the parent company of American Metals, announced Sept. 26. The new JV company plans to set up a battery recycling, repurposing and critical ma...
    Marquardt opens new production facility in Tunisia
    Marquardt has announced the opening of a new production facility in El Fejja, Tunisia, the Germany-based mechatronics specialist said in a press release on Sept. 26. This facility represents a significant advancement in Marquardt's expansion in North Africa, focusing on the manufacturing of innovative control panels for premium vehicle interiors. The company has invested over €50 million in the new building, machinery and equipment at the plant. With this expansion, Marquardt aims to generate ...
    Jaguar Land Rover to invest £500 million in retooling plant for production of electric SUVs
    Tata Motors-owned Jaguar Land Rover (JLR) plans to invest £500 million in retooling one of its factories in the UK to prepare for producing electric sport utility vehicles, according to a news report published by Bloomberg on Sept. 26. The British carmaker has already invested £250 million in its Halewood plant, near Liverpool, over the last 12 months, the report said, adding that JLR now plans to double its expenditure over the coming years. Citing a company statement, it further ment...
    AMG opens Europe’s first lithium refinery plant in Germany
    Dutch company AMG has inaugurated the first lithium refinery plant in Europe, situated in the eastern German region of Bitterfeld-Wolfen. The new facility is poised to produce 20,000 metric tons of battery-grade lithium hydroxide annually, which is estimated to meet the battery supply needs of approximately half a million electric vehicles. This refinery marks the first step, with plans to extend the site's capacity to 100,000 metric tons annually through an additional four modules. “With t...
    Biden-Harris administration announces $3 billion investment in battery manufacturing
    The Biden-Harris administration has announced an investment exceeding $3 billion for 25 projects across 14 states to enhance the nation's battery manufacturing sector, an initiative that is part of the Investing in America agenda. This investment, administered by the US Energy Department's (DOE's) Office of Manufacturing and Energy Supply Chains (MESC), aims to support domestic production of advanced batteries and materials, crucial for the US grid, electrification of transportation, and powerin...
    White House selects Monroe Capital to launch Drive Forward Fund for US automotive supplier industry
    The White House has selected Monroe Capital to launch a dedicated fund to help automotive suppliers in the US. The Drive Forward Fund will aim to raise up to $1 billion to invest in small and medium-sized companies that play a pivotal role in fueling growth and innovation in the US automotive industry. The Drive Forward Fund will target suppliers and manufacturers including those offering software as a service (SaaS) and other technological solutions catered to the automotive sector. Beyond i...
    Uno Minda announces $78.1 million capacity expansion projects in India and Indonesia
    Uno Minda has announced plans to invest over 6 billion rupees (about $71.8 million) toward various capacity expansion projects in India and Indonesia, Autocar Professional reported Sept. 19. In Indonesia, Uno Minda’s wholly owned subsidiary, PT Minda Asean Automotive (PTMA), has received additional orders for long tail lamps from original equipment manufacturers. To serve these orders, Uno Minda will invest 2.1 billion rupees to establish a new manufacturing facility, which is expected to beco...
    Nokian Tyres opens first zero-CO2-emission tire factory in Romania
    Nokian Tyres celebrated the opening of its new passenger car tire factory in Oradea, Romania, on Sept. 19. The tiremaker claimed its new factory to be the world’s first full-scale zero-CO2-emission tire manufacturing facility. Nokian Tyres will commence commercial production of tires at the factory in early 2025. With an initial production yielding its first tire in July 2024, the factory is expected to achieve an annual output of 6 million tires, primarily targeting the Central Europe...
    Toyoda Gosei announces investment in new manufacturing plant in Karnataka, India
    Toyoda Gosei has announced plans to invest ¥2.05 billion ($14.5 million) in a new manufacturing plant in Harohalli, Karnataka, India, to cater to the growing demand for safety systems and interior components in the country. This new plant will operate as a branch of Toyoda Gosei South India Pvt. Ltd., with production expected to commence in 2026. The plant will employ about 580 people by 2027. The plant will produce a range of safety systems, including airbags and steering wheels, as well as...
    Exide Industries invests $11.9 million in wholly owned subsidiary for EV battery production
    India-based battery supplier Exide Industries has announced an investment of nearly 1 billion rupees (about $11.9 million) into its wholly owned subsidiary, Exide Energy Solutions Ltd. (EESL), via a rights issue, CNBC TV18 reported Sept. 13. This financial infusion boosts Exide Industries' total investment in EESL to 2.75 billion rupees, maintaining its 100% ownership stake in the subsidiary. “This is to inform you that on 13th September 2024, Exide Industries Ltd has invested Rs 99.99 cror...
    Honda outlines advances in EV Hub in Ohio, US, aiming for flexible vehicle production
    Honda has detailed its advancements in establishing the Honda EV Hub in Ohio, US, aiming to revolutionize its manufacturing process. This hub will allow petrol, hybrid-electric and battery-electric vehicles to be produced on the same lines, emphasizing flexibility in production. The Acura Performance EV Concept, unveiled at the 2024 Monterey Car Week, will be the first electric vehicle produced at the Marysville Auto Plant in late 2025. Honda's strategy involves retooling the Marysville Auto ...
    Japan aims to boost EV battery production to reduce foreign dependence
    Japan is embarking on a significant economic and strategic endeavor to increase its electric vehicle battery production capabilities, aiming to reduce its dependence on foreign suppliers, notably Chinese and South Korean manufacturers who currently dominate about 90% of the global battery market. The country's major automakers, including Toyota, Nissan, Subaru and Mazda, are leading this initiative with a collective investment goal of ¥1 trillion (about $7 billion) by 2028. This move is bols...
    PV Power to expand Vietnam's EV charging infrastructure
    In a press release dated Sept. 5, PetroVietnam Power Corp. (PV Power) announced that it is planning to invest in setting up the first pilot electric vehicle charging station in Vietnam, in an effort to increase its scope and commercial operations. The pilot fast-charging station is set to be built at 6 Huỳnh Thúc Kháng Street in Hanoi, designed to accommodate two vertical charging cabinets with a total power capacity of 100 kW to 120 kW. The station will comply with current regulat...
    Lingyun Industrial invests €55 million in struggling German subsidiary Waldaschaff Automotive
    Lingyun Industrial, a mainland China-based supplier of automotive lightweight structural parts, has invested €55 million into its struggling German subsidiary, Waldaschaff Automotive, Yicai Global reported Sept. 12. This investment aims to reduce Waldaschaff's debt burden and operational challenges. The financial boost from Lingyun is intended for debt repayment at Waldaschaff, in hopes of bolstering confidence among the subsidiary's customers and suppliers. This move is also expected to he...
    Uttar Pradesh, India, launches Semiconductor Policy to boost investments
    The Indian state Uttar Pradesh government has introduced the Uttar Pradesh Semiconductor Policy 2024, unveiling a strategy to attract investment in the semiconductor manufacturing industry by offering a range of incentives, as reported by The Hindustan Times on Sept. 12. These incentives include assistance on capital investment, interest subsidies, rebates on land value, stamp duty and electricity charges, aiming to establish Uttar Pradesh as a hub for semiconductor design engineering an...
    Stellantis plans to invest more than $406 million in three US facilities
    Stellantis has announced plans to invest more than $406 million in its three production facilities in Michigan, US, to bolster its multi-energy strategy, the company said in a press release on Sept. 11. The investment will see the company’s Sterling Heights Assembly Plant (SHAP) becoming its first facility in the US to produce a fully electric vehicle, the Ram 1500 REV, which is expected to launch in late 2024, along with the range-extended 2025 Ram 1500 Ramcharger. These two models will be pr...
    NXP to invest over $1 billion in R&D over next few years in India, says CEO Kurt Sievers
    NXP Semiconductors has announced plans to invest over $1 billion in India, effectively doubling its research and development efforts. The announcement was made by CEO Kurt Sievers at the Semicon India conference held in Greater Noida, India, as reported by Moneycontrol on Sept. 11. "NXP is committed to doubling its R&D efforts here in the country in the next few years, which is far in excess of a billion dollars," Sievers said. He also mentioned that the Dutch company is currently in disc...
    Xing Mobility opens world's first immersion-cooling battery factory
    Xing Mobility, renowned for its leadership in immersion-cooling battery systems, inaugurated the Xing Paradigm Factory, marking it as the world's first facility focused on volume production of this innovative technology. As part of the launch, Xing introduced two innovative products: The XES 200, a 200-kWh immersion-cooled energy storage system tailored for AI data centers, and the pioneering immersion-cooled cell-to-chassis (CTC) battery system designed for next-generation electric vehicle...
    Prime Planet Energy to start production of advanced batteries at Himeji Facility in 2026
    Prime Planet Energy & Solutions Inc. (PPES), headquartered in Chuo-ku, Tokyo, has announced plans to commence production of next-generation performance batteries for battery-electric vehicles (BEVs) at its Himeji Facility starting in 2026.  The initiative to mass-produce these prismatic performance batteries is in tandem with Toyota Motor Corp.'s intention to utilize them in its forthcoming BEVs from 2026. This project has received approval from the Ministry of Economy, Trade an...
    SiLC Technologies secures investment from Honda to advance AI vision capabilities
    In a press release on Sept. 10, SiLC Technologies recently announced that it has recevied an investment from Honda for the development of advanced frequency-modulated continuous wave (FMCW) Lidar technologies aimed at enhancing mobility across various applications. This investment forms part of Honda's global initiative, Honda Xcelerator Ventures, which focuses on fostering innovation through collaboration with high-potential startups. Led by Honda Innovations, a subsidiary of Honda Motor Co. Lt...
    Denso to build new plant in Japan, focuses on mobility and software
    Denso announced on Sept. 9 its plan to construct a new plant at the site of the existing Zenmyo Plant in Nishio City, Aichi Prefecture, Japan. With construction kicking off in the first half of fiscal year 2025 and completion expected by January 2027, the company aims to start production in the first half of fiscal year 2028. The projected investment for this expansion is approximately ¥69 billion (about $0.48 billion).  The company is focusing on three main challenges to...
    Ecar Technology raises $28.1 million for autonomous vehicle expansion
    Ecar Technology, a mainland China-based startup specializing in low-speed self-driving vehicles, has raised 200 million yuan (about $28.1 million) in funding from strategic investors, Yicai Global reported Sept. 4. The investment round was participated by Guohe Capital, state-owned financial service provider China Capital Management and a venture capital firm backed by the Huishan district in Wuxi, located in China's eastern Jiangsu province. Ecar will use the proceeds of the latest funding r...
    Valeo opens new facility in Pune to boost India's EV market
    Valeo, a prominent global tier 1 supplier specializing in mobility technology, has recently inaugurated a new production facility in Pune, India, marking a significant expansion of its operations in the country. This new facility, covering over 7,000 square meters, is dedicated to power electronics products and aims to bolster Valeo's capabilities in the electrification sector in India. This development follows Valeo's recent contract with Mahindra & Mahindra (M&M) on Nov. 13, 2023, t...
    Egypt to build a major EV manufacturing plant
    Egypt is set to establish a sizable electric vehicle manufacturing plant, spanning an area of 50,000 square meters, as disclosed by Ayman Ashur, the minister of Higher Education and Scientific Research. This initiative aims to achieve self-sufficiency in electric cars within the nation. Although the exact location of the plant remains unspecified, in his statement, Minister Ashur highlighted the government's efforts to bolster the proportion of local components in these vehicles. Additio...
    24M inaugurates new battery tech facility in Thailand
    24M has inaugurated a new manufacturing and research and development facility in Rayong, Thailand, co-developed with and acquired from Nuovo+, a partner and licensee. Spanning 71,000 square feet, the facility is designed for pilot manufacturing, capable of producing up to 100 MWh of 24M SemiSolid battery cells. Among the core technologies and innovations to be advanced and delivered from this plant are the 24M SemiSolid and Liforever for efficient battery recycling, the Impervi...
    Kyocera breaks ground of new production facility in Nagasaki
    According to a press release Sep. 4, Kyocera has initiated the construction of a new production facility at the Minami Isahaya Industrial Park in Isahaya City, Nagasaki Prefecture, with a groundbreaking ceremony that took place Aug. 28. The development is part of Kyocera's strategy to reinvest in its manufacturing capabilities both domestically and internationally. The decision follows the acquisition of approximately 150,000 square meters (37 acres) of land within the industrial park, finali...
    Holon to open first autonomous shuttle plant in Jacksonville, Fla.
    Holon, a subsidiary of the global automotive supplier Benteler Group, has announced its plans to establish the first production plant for industrialized autonomous, electric shuttles in the United States, located in Jacksonville, Fla., as reported in a press release Sep. 4. This facility marks Holon as the first automotive original equipment manufacturer to manufacture in Florida, with production set to commence in 2026. The venture is expected to create 150 initial jobs, with the potential f...
    Asahi Kasei Microdevices opens new technology center in Yokohama, Japan
    According to a press release Sep. 4, Asahi Kasei Microdevices Corp. (AKM), a subsidiary of the Japanese technology company Asahi Kasei, has announced the opening of the "AKM Co-creation & Technology Center" in Yokohama City, Kanagawa Prefecture, Japan in June. This new technology development base is set to centralize AKM's principal activities, including product design, research and development for semiconductors and sensors, and partner relations, which were previously spread across Toky...
    2024 CEO Investor Day: Hyundai to double hybrid line up, expedite development of next generation batteries
    South Korean carmaker Hyundai Motor Co. plans to develop new hybrid powertrain technologies and deepen its future hybrid model pipeline in response to the decline in the global demand for battery-electric vehicles. At the 2024 CEO Investor Day held in Seoul on Aug. 28, Hyundai detailed its all-new ‘Hyundai Way’ strategy, which essentially entails responding to the dynamic market conditions. The ‘Hyundai Way’ strategy is split into three focus areas – namely Hyundai Dynamic Capabilit...
    Posco invests $40 million in Black Rock Mining for graphite project
    Posco International Corp. (Posco) has entered into a binding agreement to invest US$40 million in Black Rock Mining Ltd., a move that will be executed through two tranches. The first tranche involves a A$9.0 million investment in 155.3 million shares at a price of 5.8 Australian cents per share, which will elevate Posco's stake in Black Rock from 10.1% to 19.99%. The subsequent tranche will match the investment terms of other investors in the final equity raising for building Module 1 ...
    Kia unveils Latin America's first Sustainable Mobility Solutions Experience Center in Ecuador
    Kia has opened the Kia E-Ground in Quito, Ecuador, marking Latin America's first Sustainable Mobility Solutions Experience Center. This innovative space, designed to connect sustainability with nature, aims to inspire both the regional and global community toward a more eco-friendly future. The center, the first Kia EV Experience Center in the area, merges technological innovation with environmental management to promote eco-friendly living. Kia E-Ground is structured as an immersive space to...
    Ford plans $273 million investment in Mexico plant to produce primary drive unit for Mustang Mach-E
    Ford will invest $273 million in its Irapuato plant in Guanajuato, Mexico, to produce primary drive units that integrate the electric motor and the transaxle of the propulsion system, MexicoNow reported Sept. 2. The primary drive unit will be used in the Ford Mustang Mach-E electric sports car, which is produced at Ford’s Cuautitlán Izcalli plant in Mexico and exported to more than 41 countries in the Americas, Europe and Australia. The Irapuato plant, also called Irapuato Electric Po...
    STMicroelectronics invests in German startup Quintauris
    STMicroelectronics has invested in Germany-based Quintauris, becoming its sixth shareholder after Robert Bosch, Infineon Technologies, Nordic Semiconductor, NXP Semiconductor and Qualcomm Technologies, the company said in a press release on Aug. 29. Established in December 2023, Quintauris is working to advance the adoption of products based on RISC-V principles. This includes access to reference architectures and assistance in the creation of cross-industry solutions. The solutions are initi...
    LG Chems establishes new customer solution center in US
    LG Chem has opened a new customer solution (CS) center in Ravenna, Ohio, the US, to offer personalize support to its customers in North America, the South Korean supplier said in a press release on August 29. The center will offer technical solutions for product development, quality improvement and productivity enhancement for LG Chem’s customers and suppliers. “We believe our customers are at the core of our business,” said Shin Hak-Cheol, CEO of LG Chem. “We are committed to improvi...
    Wayve secures strategic investment from Uber to further develop autonomous vehicle tech
    According to a report published by TechCrunch on Aug. 29, UK-based autonomous vehicle startup Wayve has enhanced its previously announced $1.05 billion Series C funding. This collaboration aims to integrate Wayve’s self-learning AI technology into consumer vehicles, potentially operating on Uber's platform in the future. This partnership follows Uber’s announcement of Cruise’s robo-taxis joining its app in 2025, marking another step in Uber's autonomous driving initiatives. Wayve, found...
    Autoneum opens new manufacturing facility in Pune, India
    Autoneum has inaugurated its new production facility in Pune, located in the western Indian state of Maharashtra, the Switzerland-based company said in a press release Aug. 29. The new 7,500 square meter facility, Autoneum’s third in India, will produce carpet systems, interior trim, wheelhouse outer liners, e-motor encapsulations and other noise protection components for both local and international automakers. The new plant further expands Autoneum's operational footprint in India, alongs...
    SiriusXM opens new technology facility in Dublin
    SiriusXM has inaugurated a new technology facility in Dublin, the US-based audio entertainment company said in a press release Aug. 29. The facility, supported by the Irish government through IDA Ireland, is expected to significantly contribute to SiriusXM's ongoing digital evolution. It is designed to function as a center of excellence within SiriusXM's Product and Technology organization.  The Dublin team will primarily engage in software development, automotive technology, and enginee...
    China Yuchai launches production in Thailand, marking global expansion
    China Yuchai International Ltd., a leading powertrain solution manufacturer operating primarily through its main subsidiary, Guangxi Yuchai Machinery Co. Ltd. in China, has announced the commencement of production operations at its Thailand-based subsidiary, Yuchai Machinery Power System (Thailand) Co. Ltd. This marks a significant milestone with the first K08 engine being produced and delivered to a customer from the Thailand facility. The event was attended by senior executives from ma...
    Didi Global invests $94 million in NavInfo's AutoAI
    Didi Global has announced a significant investment in NavInfo's intelligent driving unit, AutoAI, amounting to 670 million yuan (about $94 million), Yicai Global reported Aug. 28. The deal makes the mainland China-based ride-hailing service provider the second-largest shareholder in AutoAI and marks a shift in its strategic focus away from car manufacturing toward smart driving technologies. Didi's investment comprises 220 million yuan in cash and the transfer of its Ruilian Xingchen Beijing ...
    Inovance invests $701.3 million in new NEV parts factory in mainland China
    Shenzhen Inovance Technology has announced an investment of 5 billion yuan (about $701.3 million) to construct a factory dedicated to manufacturing electrical parts for new-energy vehicles (NEVs), responding to the rising demand from its NEV clients. Inovance is a major supplier of electric motor controllers, e-drive general assembly, electric motors and power systems to NEV makers. Suzhou Inovance Automotive, a unit of Inovance, will oversee the construction of the plant in Suzhou, eastern J...
    OneD Battery Sciences opens new SINANODE pilot manufacturing plant in US
    On Aug. 26, OneD Battery Sciences (OneD), a developer of silicon anode materials, announced the successful commissioning of its SINANODE pilot production line in Moses Lake, Wash., in the US. This development represents a significant advancement in OneD's efforts to upscale the production of SINANODE materials for the global battery market. The construction of the SINANODE pilot manufacturing plant witnessed stages from initial hires, construction design inception, groundbreaking in October 2...
    Digital key startup Ingeek secures $41 million in Series-C funding
    Ingeek, a mainland China-based startup specializing in intelligent vehicle technologies, raised nearly 300 million yuan (approximately $41 million) in its Series-C fundraising event, according to a report by China Daily on June 13. The latest funding round was led by Jinhua Ketai Fund and Germany-based automotive supplier Continental AG. Ingeek will use the new capital toward advancing research and development in the area of intelligent vehicle technologies. Additionally, funds will be channe...
    Volkswagen to adjust EV battery capacity plan based on market demand
    Volkswagen's ambitious plan to develop 200 GWh of battery capacity by 2030 for its electric vehicles is subject to change, depending on the future demand for EVs, according to the company's Batteries Chief Thomas Schmall. In an interview with the German newspaper FAS, Schmall emphasized that the objective, while realistic, is flexible and will be adjusted in alignment with the EV market's evolution. This stance reflects a shift from Volkswagen's 2021 announcement, where it aimed to achie...
    Toyota launches new hydrogen fuel-cell hub in Beijing
    Toyota has initiated operations at its new hydrogen fuel-cell research and development hub and manufacturing base in Beijing. The project is a joint venture between Toyota and Beijing SinoHytec, a hydrogen fuel cell-engine maker, alongside United Fuel Cell System Research and Development Beijing, a consortium consisting of six companies including FAW Group, Dongfeng Automobile, GAC Group and BAIC Group, in addition to SinoHytec and Toyota itself. Spanning 44,000 square meters, the first ...
    Bharat Forge invests in subsidiary for EV sector expansion
    Bharat Forge has announced a strategic investment in its wholly owned subsidiary, Kalyani Powertrain Ltd. (KPTL), CNBCTV 18 reported Aug. 22. This move is aimed at bolstering Bharat Forge's presence in the electric vehicle and e-mobility solutions sector. KPTL specializes in power electronics solutions including DC-DC converters, traction controllers, onboard chargers, auxiliary inverters, combi inverters, vehicle control units and gear boxes. The company also supplies lead acid batteries for...
    With a focus on profitability, Ford tweaks new model pipeline, sourcing strategy
    Ford Motor Co. announced Aug. 21 that the company is tweaking its new model pipeline and its battery sourcing strategy with a focus to bring down costs and improve the profitability of its electric vehicle business. These changes in Ford’s EV gameplan come at a time when global EV sales have slowed because of high acquisition costs and range anxiety among potential buyers, owing to the lack of adequate EV charging infrastructure. The slowdown in demand for battery-electric vehicle...
    Indian government to set up new EV testing facility in Bengaluru
    Union Minister of Consumer Affairs, Food and Public Distribution and New and Renewable Energy, Shri Pralhad Venkatesh Joshi, is set to lay the foundation stone for the Electric Vehicle (EV) Testing Facility of National Test House (NTH) at the RRSL Camp in Bengaluru on 22nd August 2024. This facility is part of an initiative to expand the reach of testing facilities in South India, particularly for EV battery and charger testing. This new laboratory will be outfitted with advanced EV battery t...
    US government invests $20 million in Electra Battery Materials for cobalt plant in North America
    The US Defense Department has announced an investment of $20 million for Canada’s Electra Battery Materials Corp,  aimed at bolstering North American production of a critical material necessary for manufacturing large capacity batteries, which is anticipated to significantly support the region's emerging electric vehicle (EV) supply chain. This funding initiative is part of a broader effort by the Pentagon to invest in North American mining companies to secure essential metals requir...
    European Commission approves €5 billion in state aid to support TSMC, Bosch-led chip plant in Germany
    The European Commission has approved a €5 billion German measure to support the European Semiconductor Manufacturing Co. (ESMC) in constructing and operating a microchip manufacturing plant in Dresden, Germany. ESMC, a joint venture between Taiwan Semiconductor Manufacturing Co. (TSMC), Bosch, Infineon and NXP, aims to enhance Europe's supply security, resilience and digital sovereignty in semiconductor technologies, aligning with the European Chips Act Communication's objectives, as...
    Pennsylvania, US, administration plans additional investment of $7.1 million on EV charging infrastructure
    The Pennsylvania Transportation Department (PennDOT) plans to make an additional investment of $7.1 million for Round 1B of federal National Electric Vehicle Infrastructure (NEVI) funding for EV charging infrastructure, PennDOT said in a press note on Aug. 15. According to the note, 10 projects in nine counties across the state were selected to fill in the final gaps along Pennsylvania's Alternative Fuel Corridors (AFC), following NEVI Round 1 and Round 1A. The upcoming charging stations will...
    LeddarTech secures up to $9 million in bridge financing
    In a press release on Aug. 19, LeddarTech announced a financing deal comprising bridge loans totaling up to $9.0 million, alongside conversions of convertible notes amounting to $1.5 million at a conversion price above market value at $2.00 per share. The company specializes in AI-based sensor fusion and perception software technology named LeddarVision, designed for advanced driver assistance systems (ADAS), autonomous driving (AD) and parking applications. The financing agreement in...
    Morocco advances in EV battery sector with $363.5 million mainland Chinese investment
    Mainland China's BTR New Material Group is set to invest $363.5 million in Morocco to construct the company's second plant within the Mohammed VI Tangier Tech City. The Shenzhen, mainland China-based company has announced that this new facility will focus on producing 60,000 metric tons of anode materials annually for lithium-ion (Li-ion) batteries, which are essential for the burgeoning electric vehicle market. Additionally, BTR is poised to enter into a significant supply agreement with For...
    Morrow Batteries opens Europe's first lithium iron phosphate battery-cell plant in Norway
    Morrow Batteries has inaugurated its new lithium iron phosphate (LFP) battery-cell manufacturing plant in Arendal, Norway, the company said in a press release on Aug. 16. The plant, the first of its kind in Europe, was inaugurated by the Prime Minister of Norway Jonas Gahr Støre. The plant has an annual production capacity of up to 3 million battery cells, equivalent to 1 GWh. It will employ approximately 150 people. Morrow has already commenced test production at the plant, with commercia...
    Lithium producer Ganfeng plans $500 million battery plant in Turkey
    Mainland China-based lithium producer Ganfeng plans to set up a joint venture company in Turkey, with plans to invest $500 million in building a 5-GWh lithium battery manufacturing plant, according to a news report published by CnEVPost on Aug. 16. Ganfeng LiEnergy, a subsidiary of Ganfeng Lithium, one of the largest lithium metal suppliers globally, has signed a cooperation framework agreement with the Turkish company Yigit Aku Malzemeleri Nakliyat Turizm Insaat Sanayi ve Ticaret AS to ...
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