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    IHS Markit launches 2021 OEM-Supplier Relations (SuRe) survey
    The automotive industry’s global survey of OEM-supplier relations has returned, giving tier-one suppliers the opportunity to express their views and opinions on their relationship with every major OEM from today (April 12). IHS Markit's unique SuRe (Supplier Relations) Index scores and ranks OE...
    12-Apr-2021 News OEM Purchasing Pinned
    Android’s grip tightens on automotive OS
    Android Automotive has taken the automotive headunit by storm. From its initial introduction in early 2017 until now, six global automakers across more than 10 brands have signed on, accounting for nearly one-fifth of all vehicles once fully rolled out. The significance of Android Automotive lies wi...
    LG Chem completes 1,200 ton Yeosu carbon nanotubes plant in South Korea
    LG Chem is planning to accelerate its advancement into the carbon nanotubes (CNT) market with the help of a 1,200-ton “Yeosu CNT Plant 2” in Korea that was completed and begun operations on 14 April, according to a company press release of the same day. Additionally, the company’s existing 500...
    22-Apr-2021 News Investments
    LG Innotek develops automotive lighting module 'Nexlide-E'
    LG Innotek has developed 'Nexlide-E,' an automotive lighting module that produces bright and uniform light, according to a company press release on 21 April 2021. The automotive lighting module is made of three parts—LED package, optical resin, and thin optical film. An LED package, which is a lig...
    22-Apr-2021 News New Products
    Auto Shanghai 2021: Genesis debuts G80 electric sedan
    Genesis has introduced its first electric vehicle (EV), the electric model of the G80 (“Electrified G80”) to the global market at the Auto Shanghai 2021, the company said in a press release on 19 April. This was Genesis’ first appearance at Auto Shanghai. The company also showcased for the fir...
    20-Apr-2021 News New Products
    Hyundai seeking to build partnership with Samsung SDI for EV batteries
    Hyundai Motor is looking to build a partnership with Samsung SDI, as it shifts to eco-friendly vehicles in the future, reports The Korea Times. Significance: The partnership comes at the right time as Hyundai Motor plans to source EV batteries and automotive components, while Samsung is a strong ...
    Toyota bZ BEV series launched
    Toyota Motor Corporation (Toyota) has launched ‘Toyota bZ,’ a new series of battery electric vehicles (BEVs), according to a company press release on 19 April. Toyota also unveiled a concept version of the Toyota bZ4X, which will be the first model in the bZ series, at Auto Shanghai Show in main...
    19-Apr-2021 News New Products
    Auto Shanghai 2021: NTN to exhibit ball bearing products for electrified vehicles
    NTN Corporation has announced that it will exhibit products pertaining to electrification, low fuel consumption, and higher efficiency at the Auto Shanghai 2021 held in Shanghai, mainland China, from 19 to 28 April, according to a company press release on 15 April 2020. These mainly include bearings...
    16-Apr-2021 News New Products
    Marelli, WHST collaborate on radar solutions aimed at ADAS applications
    Automotive supplier Marelli and a high-tech radar company headquartered in Wuhu mainland China, Wuhu SensorTech Intelligent Technology Co., Ltd. (WHST) have signed an agreement focused on radar sensors, devoted to advanced driver assistance systems (ADAS) and autonomous driving (AD) applic...
    Posco to set up new lithium refining plant in Gwangyang, South Korea
    South Korean steelmaker POSCO anounced plans to build a plant in South Korea to extract lithium hydroxide, which is a key material for electric vehicle (EV) batteries, Yonhap News Agency reported on 14 April. POSCO’s board of directors have approved the plan to build a plant in the southern indust...
    16-Apr-2021 News Investments
    Samsung unveils PixCell LED module for headlight systems
    Samsung Electronics Co., Ltd. has unveiled ‘PixCell LED’, a new automotive LED module optimized for intelligent headlights, such as adaptive driving beam (ADB) systems, the company announced in a press release on 14 April. Leveraging Samsung’s longstanding expertise in semiconductor technology...
    16-Apr-2021 News New Products
    Auto Shanghai 2021: Toyoda Gosei to display steering wheel concept
    Japan-based Toyoda Gosei company will exhibit products for electrified vehicles and products related to autonomous driving in mainland China, at the Auto Shanghai 2021, according to a company press release on 12 April. The company will showcase a concept steering wheel module, which offers h...
    15-Apr-2021 News New Products
    GS Yuasa to expand HEV battery production capacity in Japan
    The Japanese battery supplier GS Yuasa plans to double its production capacity for lithium-ion (Li-ion) batteries in Japan, according to a report by electrive.com on 12 April. To this end, the company’s subsidiary Blue Energy is strengthening its production lines in Kyoto and building a second pla...
    14-Apr-2021 News Investments
    Yamaha Motor develops new hyper-EV electric motor
    Yamaha Motor Co., Ltd. has announced that it has developed an electric motor to cater to vehicles that need highest class in output density, according to a company press release on 12 April. This unit is aimed at application in “hyper-EV models” and offerings in the high-output mobility segment....
    13-Apr-2021 News New Products
    South Korea to invest USD22.6 million to accelerate hydrogen mobility
    The Science Ministry of South Korea has announced that it will be investing KRW25.3 billion (approximately USD22.6 million) over the next six years in order to bolster the country’s hydrogen mobility economy. According to a post published by South Korean news agency Korea Bizwire on 8 April, this ...
    12-Apr-2021 News New Products
    Yokohama Rubber supplies ADVAN Sport V107 tires for BMW’s iX3
    The Yokohama Rubber Co., Ltd. announced in a press release on 5 April 2021, that it is supplying its “ADVAN Sport V107” tires to the BMW’s new iX3, the first Sports Activity Vehicle (SAV) with an all-electric-drive system from the BMW brand. The tire supplier began shipping the tires to the BM...
    LG Energy, SK Innovation reach USD1.8 billion EV battery case settlement
    LG Energy Solution and SK Innovation announced that they have agreed to settle all legal disputes, which began in April 2019, relating to electric vehicle (EV) batteries in the United States and South Korea. In a press release issued on 11 April, the companies stated that the two companies agreed to...
    Toyota unveils new Mirai, Lexus LS models with advanced driver assistance technologies
    Toyota Motor Corp unveiled new models of Lexus and Mirai in Japan, equipped with Level 2 autonomous system. The new driving assist technology, or Advanced Drive will help in limiting the car in its lane, maintaining the distance from other vehicles, and changing lanes under the driver...
    09-Apr-2021 News New Products
    Posco to supply electrode materials for GM Ultium batteries
    The South Korean company Posco Chemical will supply anode and cathode materials to Ultium Cells, the joint venture (JV) between General Motors and LG Energy Solution for the series production of battery cells, according to a report by electrive.com on 7 April. Posco Chemical had signed a correspo...
    Ways2H, Japan Blue Energy complete hydrogen fuel facility in Tokyo
    Renewable hydrogen systems manufacturer Ways2H Inc. and its shareholder and technical partner Japan Blue Energy Co. have announced the completion of a manufacturing facility in Tokyo, Japan, that will convert sewage sludge into renewable hydrogen fuel, according to a Green Car Congress report. The p...
    06-Apr-2021 News Investments
    Panasonic appoints Yuki Kusumi as new CEO
    Yuki Kusumi has formally assumed the office as CEO of Panasonic effective 1 April 2021. Kusumi has also been appointed as president and representative director, an appointment that will be confirmed at the Ordinary General Meeting of Shareholders and the Board of Directors’ Meeting scheduled for 2...
    NSK develops third-generation ultra-high-speed ball bearing for EV motors
    Japan-based NSK Ltd. has developed a third-generation ultra-high-speed ball bearing for electric vehicle (EV) motors, according to a company press release on 1 April 2021. The new ball bearing is capable of operating at over 1.8 million dmN. The bearing is grease-lubricated deep groove ball beari...
    05-Apr-2021 News New Products
    Updated MINI app to be launched in 21 countries worldwide
    The MINI App—first introduced in July 2020 and launched in 33 markets (mainly in Europe), has been updated and now made available in the United States, Russia, Japan, Australia, and 17 other countries, and will be offered in Mainland China from April 2021, according to a company press release...
    01-Apr-2021 News Investments
    Renesas unveils new functional safety solution for ADAS cameras systems
    Renesas Electronics Corporation has introduced a new power and functional safety solution for systems based on the R-Car V3H system-on-chip (SoC) for advanced driver assistance systems (ADAS) automotive front cameras and driver monitor cameras. The new solution includes the RAA271050, a 42V synch...
    31-Mar-2021 News New Products
    Kia reveals new EV6 based on dedicated new EV platform
    Kia has revealed the new EV6, its first car based on the new dedicated electric vehicle (EV) platform according to a company press release on 30 March. The EV6 will be produced in South Korea and will hit the global markets starting the second half of 2021, with online reservations beginning from Ma...
    31-Mar-2021 News New Products
    Hyundai to idle Ulsan No.1 plant in South Korea due to semiconductor shortage
    Hyundai Motor is set to suspend production at its Ulsan No.1 plant in South Korea due to a shortage in semiconductors and components, Reuters reported on 29 March. The plant will be shut between 7 and 14 April. Supply issues reportedly involve front view camera systems for Kona SUV and power electri...
    DIVESTMENT: Kumho Tire to sell natural rubber processing plant in Vietnam
    Kumho Tire has announced that it will sell its natural rubber processing plant in Vietnam to focus on its core business, reports Yonhap. The development comes on the back of the South Korean tire-maker striking a deal with a joint venture between Korean automaker Hyundai Motor and Thanh Cong Group o...
    UNO MINDA increases stake in Tokai Rika Minda JV to 30%
    UNO MINDA has increased its stake in Tokai Rika Minda India Private Limited (TRMN) joint venture (JV) from 12.86% to 30%, the Indian supplier said in a regulatory filing on 24 March 2021. TRMN is JV company between UNO MINDA Group and Japan-based Tokai Rika Co. Ltd. Significance: TRMN is eng...
    NSK develops ultra-high-speed bearing for hybrids, EVs
    NSK has developed a new ultra-high-speed bearing ideal for electric vehicles (EVs), including battery electric, hybrid, and other new energy vehicles, according to a company press release on 18 March. The new bearing allows electric motors to operate at higher speeds, reducing power consumption per ...
    24-Mar-2021 News New Products
    Japanese automakers to assess impact on production due to fire at Renesas plant
    Japanese carmakers including Toyota, Nissan, and Honda are assessing the impact on vehicle production caused by a fire at Renesas Electronics’ chip making unit, Reuters reported on 22 March. The fire, at a time when the automotive industry is struggling to cope with the shortage in semiconductors,...
    Acconeer, Alps Alpine partner for sensing technology
    Radar sensor company Acconeer AB and Alps Alpine Co., Ltd. have signed a joint development agreement to develop next generation patented ‘Pulse Coherent sensors’, the latter announced in a press release on 18 March2021. The product is planned to be ready for production in 2024. The new sensin...
    22-Mar-2021 News New Products
    Foresight Autonomous sells QuadSight four-camera vision system prototype to Japanese supplier
    Foresight Autonomous has announced the sale of a prototype of QuadSight four-camera vision system to a Japanese tier-1 supplier of stereo vision systems for the automotive industry, according to a company press release on 19 March. The supplier will test the QuadSight thermal stereo capabilities to ...
    Hyundai and Shell deepen collaboration on clean energy solutions
    Hyundai has signed a new five-year ‘Global Business Cooperation Agreement’ with Royal Dutch Shell plc, the South Korean automaker said in a press release on 18 March. The agreement, which runs through 2026, marks the fourth extension of the partnership between the two companies. This time, both ...
    Japanese startup Ball Wave raises USD1.6 million in Series C funding
    Japanese startup Ball Wave Inc. has raised JPY181.44 million (USD1.6 million) in a Series-C funding round to support business expansion, according to a company press release on 8 March. In conjunction with this latest capital infusion, Ball Wave has also announced research and development (R&D) ...
    Asahi Kasei to ramp up LIB separator production capacity in Japan
    Asahi Kasei has announced that the company will increase production capacity for Hipore™ Li-ion battery (LIB) separator at its plant in Hyuga, Miyazaki, Japan, according to a company press release on 15 March. The Japanese supplier is investing JPY30 billion (around USD275 million) to expand capac...
    19-Mar-2021 News Investments
    Eye-Net completes first phase of pilot on accident prevention solution for Japanese OEM
    Foresight unit Eye-Net Mobile has successfully completed the first phase of a pilot project with a Japanese automaker, the company said in a press release on 12 March. The OEM reviewed the Eye-Net Protect accident prevention solution and concluded that it is a valid option for the safety traffic sys...
    Honda America plans to sell two electric SUVs in US in 2024
    Honda has announced plans to sell two all-electric sports utility vehicles (SUVs) in the United States for model year (MY) 2024 and will follow by offering hybrid gas-electric versions of its top-selling models, according to a report by Associated Press on 12 March. Honda of America sales chief Dave...
    15-Mar-2021 News New Products
    Kumho Tires plans USD297.8 million investment to nearly double capacity at Vietnamese plant
    Kumho Tire under ownership of China’s Doublestar Tyre has pledged USD297.8 million to nearly double the capacity at its tire plant in Vietnam to sustain exports to North America while avoiding hefty US tariffs, according to a regulatory filing. The company’s Chinese owner Doublestar also plan...
    15-Mar-2021 News Investments
    South Korea to invest USD176.4 million toward developing automotive chip technology
    South Korea has announced plans to invest over KRW200 billion (USD176 million) toward developing automotive chip-making technology by 2022, the Korea Herald reported on 12 March. The South Korean government plans to invest KRW75.7 billion in related R&D projects in 2021 with overall investm...
    Toshiba to construct 300-mm wafer fabrication facility in Japan
    Toshiba Electronic Devices & Storage has announced the expansion of its production capacity for power devices, according to a company press release on 10 March. Toshiba will construct a 300-mm wafer fabrication facility in Japan. The 300-mm facility will be used to manufacture low-voltage met...
    LG Energy Solution aims to build EV battery cells for Tesla in 2023
    LG Energy Solution is looking to build advanced battery cells for Tesla EVs in 2023 and is considering potential production sites in the United States and Europe, according to a report from Reuters quoting two people familiar with the matter on 10 March. However, Tesla is yet to agree to the deal th...
    10-Mar-2021 News Investments
    Nissan, Mitsubishi to introduce electric minicar in Japan; likely price under USD18,000
    Nissan Motor and Mitsubishi Motors plan to launch an electric minicar next year with a price point of lower than USD18,400 with subsidies in Japan, reports Nikkei Asia. The battery range of the car Nissan and Mitsubishi are developing will be in line with this concept, and be limited to about&nbs...
    10-Mar-2021 News New Products
    Hyundai Motor to share EV battery recall cost with LG Energy Solutions
    Hyundai Motor has agreed to share the cost of replacing batteries on its recalled electric vehicles (EVs) with LG Energy Solutions, according to a report by Just-Auto. According to the agreement, Hyundai is expected to pay 30% of the cost of battery replacement, which would amount to about USD886 mi...
    09-Mar-2021 News Recalls
    Ube Industries supplies nylon 6 resin for high-pressure hydrogen tanks in Toyota MIRAI FCEV
    Japan-based chemicals company Ube Industries, Ltd. has announced that it is supplying polyamide (nylon) 6 resin to the new Toyota MIRAI fuel cell electric vehicle (FCEV), according to a report by POLYMERUPDATE. Toyota Motor and Ube Industries have commercially developed this nylon 6 resin called ...
    Teijin and Applied EV develop polycarbonate solar roof for automotive use
    Teijin and Applied EV have jointly developed a polycarbonate solar roof for automotive use, Teijin announced in a press release on 2 March. Teijin and Applied EV deployed the solar roof on a prototype EV passenger pod, that was installed on the Blanc Robot—a zero-emission robotic vehicle platform ...
    03-Mar-2021 News New Products
    Foresight’s Eye-Net Mobile complete trails of cellular-based accident prevention solution for Japanese OEM
    Foresight Autonomous has announced that unit Eye-Net Mobile has completed a controlled trial of its Eye-Net Protect cellular-based accident prevention solution for a Japanese vehicle manufacturer, according to a company press release on 1 March. The trial showcased Eye-Net’s solutions to protect v...
    Hanon Systems breaks ground on new manufacturing site in South Korea
    Global automotive supplier Hanon Systems has commenced construction on its new plant in Korea, according to a company press release on 1 March 2021. The plant, located in Naengcheon-ri, Oedong-eup, Gyeongju-si, will be built on approximately 33,000-square-meters (approximately 335,000-square-feet) o...
    02-Mar-2021 News Investments
    POSCO plans to expand cathode plant in South Korea
    POSCO Chemical Co., an affiliate of South Korea's steel major POSCO Group, is planning to invest KRW275.8 billion (about USD248 million) to expand its production capacity of cathodes, a key component for electric vehicle (EV) batteries, in South Korea, Yonhap News Agency reported on 23 February. POS...
    01-Mar-2021 News Investments
    AGC’s net sales fall 7% y/y to USD13.6 billion in 2020
    AGC has reported a fall of 7% year on year (y/y) in its net sales to JPY1.4 trillion (USD13.6 billion) during the fiscal year ended 31 December 2020, according to a press release earlier this month. Operating profit during the period fell 25.4% y/y to JPY75.7 billion. Net income for the year also de...
    Hyundai to source EV batteries from CATL and SK Innovation
    Hyundai is set to source the third batch of batteries for its electric vehicles (EV) from Contemporary Amperex Technology (CATL) and SK Innovation, Business Korea reported on 24 February. The batteries will be equipped in the EVs based on the Electric-Global Modular Platform (E-GMP) platform that Hy...
    Hyundai launches all-new IONIQ 5 electric crossover
    Hyundai has launched its all-electric crossover utility vehicle (CUV) IONIQ 5, the company announced in a press release on 23 February. The IONIQ 5 will be offered with two battery options—either a 58-kWh or a 72.6-kWh battery back, and two electric motor layouts—either with a rear motor only or...
    24-Feb-2021 News New Products
    Hyundai Mobis develops new rear lamp system ‘HLED’
    Hyundai Mobis has developed a new rear lamp system called ‘HLED’, can be bent flexibly like a thin film, the South Korean supplier said in a press release on 22 February 2021. Hyundai Mobis claims to be the first company in the world to have developed such a system that can serve as both tail la...
    23-Feb-2021 News New Products
    Hyundai signs MOU with partners for EV battery leasing business
    Hyundai has signed a memorandum of understanding (MOU) with South Korea's Ministry of Trade, Industry and Energy as well as Hyundai Glovis, LG Energy Solution and KST Mobility for launching the electric vehicle (EV) leasing business, the company announced in a press release on 18 February. The new b...
    Renesas resumes operations at earthquake-hit Ibaraki plant in Japan
    Renesas has announced that it has resumed operations at its earthquake-hit plant in Ibaraki, Japan. Renesas restarted wafer supply on 15 February and resumed front-end manufacturing processes within its clean room on 16 February. The company has not received any reports yet on the impact on its o...
    Bridgestone’s FY 2020 revenue falls 14.6% y/y to USD28.25 billion
    Japanese tire manufacturer Bridgestone has released its financial performance results for the fiscal year ended 31 December 2020. According to a press release issued by Bridgestone on 16 February, the company has posted a 14.6% year-on-year (y/y) decline in revenue to JPY2.99 trillion (approximately...
    Toyota offers map showing real-time traffic information and road closures in Japan
    Toyota Motor announced that it will provide real-time traffic information and road closures in Japan, according to a press release by the automaker on 14 February. The data provided is real-time and based on T-Connect/G-Book telematics service information from the communications modules in the ...
    16-Feb-2021 News New Products
    Bridgestone, Kirin Holdings develop new technology for improving rubber productivity
    Bridgestone, under a joint development project with Kirin Holdings Company, has developed a new technology to improve guayule-derived natural rubber productivity, the Japanese supplier said in a press release on 28 January 2021. The project combines the technologies of Kirin Holdings with the guayul...
    16-Feb-2021 News New Products
    Bridgestone revises FY 2020 forecasts; expects higher revenue, adjusted operating profit
    Japanese tire manufacturer Bridgestone has revised its consolidated financial forecasts for fiscal year ending 31 December 2020, according to a company press release on 9 February. The company said it now expects revenues of JPY2.99 trillion (USD27.4 billion), compared with the previous forecast (an...
    Ichikoh’s FY 2020 sales declines 14.4% y/y to USD1.1 billion
    Ichikoh Industries, a Valeo company, has reported a 14.4% year-on-year (y/y) decline in net sales to JPY113.8 billion (USD1.1 billion) for the fiscal year ended 31 December 2020, according to a company press release on 12 February. Net income for the year was JPY2.8 billion, a decline of 45.2% y/y. ...
    Kia updates Plan S strategy; aims to have 11 new EV models by 2026
    South Korean automaker Kia Motors has updated its ‘Plan S’ and now aims to have 11 electric vehicle (EV) models in its lineup by 2026, the company announced in a press release on 9 February. These will include  7 dedicated EVs by 2026. Kia is now also targeting to sell 1.6 million eco-frien...
    Nidec's net sales increase 2.2% y/y to USD11.4 billion in April–December 2020
    Nidec has reported a growth of 2.2% year on year (y/y) in its net sales to JPY1.18 trillion (USD11.4 billion) during the nine-month period ended 31 December 2020, according to a company press release on 25 January 2021. Operating profit for the period also increased 24% y/y to JPY115.5 billion and n...
    Sumitomo Rubber supplies Dunlop brand of OE tires for Lexus LS premium sedan
    Sumitomo Rubber Industries, Ltd. has begun supplying its high-performance Dunlop SP SPORT MAXX 050 DSST tires as original equipment (OE) fitment for Toyota’s latest LS model, which went on sale last November, the Japanese tire-maker said in a press release on 8 February. The Dunlop SP Sport MAX...
    ACQUISITION: Nidec to acquire Mitsubishi Heavy Industries Machine Tool to support electrification business
    In a press release dated 5 February, Nidec announced that it will acquire Mitsubishi Heavy Industries Machine Tool. After completion of the acquisition, Mitsubishi Heavy Industries Machine Tool will become the Nidec-Shimpo’s third main business. The company expects to utilize Mitsubishi Heavy Indu...
    SK Innovation’s battery business sales more than doubles y/y to USD1.4 billion in 2020
    In a press release dated 29 January, SK Innovation said that sales in its battery business more than doubled to KRW1.61 trillion (USD1.4 billion) during the full year ended 31 December 2020, as compared with KRW690.3 billion in 2019. SK Innovation reported an operating loss of KRW426.5 billion ...
    Panasonic’s sales fall 15% y/y to USD47.2 billion in first nine months of 2020
    Panasonic has reported its consolidated financial results for the nine months ended 31 December 2020 of the current fiscal year ending 31 March 2021. According to a company press release on 2 February, the company’s sales decreased by 15% year-on-year (y/y) to JPY4.8 trillion. Operating profit als...
    Teijin, Applied EV develop new structural shell for autonomous EV platform
    Teijin and Applied EV have developed a new production-ready one-piece structural shell for Applied EV’s zero-emission robotic vehicle platform, the Blanc Robot, Teijin announced in a press release on 2 February. Teijin said that the shell is a key component and enables AEV to significantly re...
    03-Feb-2021 News New Products
    Aisin Seiki’s nine-month 2020 revenue decline 12.8% y/y to USD24.2 billion
    Aisin Seiki has reported a 12.8% year-on-year (y/y) decline in revenues to JPY2.5 trillion (USD24.2 billion) for the first nine months ended 31 December, the Japanese supplier said in a press release on 2 February. Operating profit and net profit for the period also decreased by 36% and 16.2% y/y to...
    DENSO April–December 2020 revenue declines 9.9% y/y to USD33.9 billion
    DENSO has reported a 9.9% year-on-year (y/y) decline in consolidated revenue to JPY3.5 trillion (USD33.9 billion) for the first nine months ended 31 December 2020, the Japanese supplier said in a press release on 2 February. Operating profit for the period totaled JPY66.6 billion and net profit JPY4...
    Central Glass’ net sales fall 17.7% y/y to USD1.3 billion in April–December 2020
    Central Glass has reported a fall of 17.7% year on year (y/y) in its net sales to JPY136 billion (USD1.3 billion) for the nine-month period ended 31 December 2020, according to a company press release on 1 February. Operating profit for the period fell 74% y/y to JPY1.4 billion and net profit was do...
    South Korea to install 3,000 fast EV charging stations in 2021
    South Korea is planning to install 3,000 more electric vehicle (EV) fast chargers in the country by 2021, The Korea Herald reported on 1 February citing the South Korean Finance ministry. Around 2,280 chargers will be set up at express service facilities, 300 chargers at gas stations with government...
    Toyota Boshoku participates in autonomous driving filed test in Japan
    Toyota Boshoku participated in an autonomous driving field test held at Central Japan International Airport, in Aichi Prefecture, Japan on 28–29 January, the company said in a press release. For the field test, the Japanese supplier provided its Drowsiness Suppression Seat System that detects the ...
    Asahi Kasei launches semi-aromatic polyamide for the European market
    Asahi Kasei has launched semi-aromatic polyamide LEONA™ SG series for automotive applications for the European market, the Japanese supplier said in a press release on 28 January. The new material possesses high stiffness, improved flowability and a superior surface appearance. The material can be...
    02-Feb-2021 News New Products
    Sumitomo Rubber opens winter tire testing facility in Japan
    Sumitomo Rubber Industries, Ltd. has announced that it has opened a new testing facility. According to a press release issued by Sumitomo Rubber on 28 January, this new facility is located at one of Sumitomo’s main development bases for winter tires—the Nayoro tire proving ground in Nayoro city,...
    02-Feb-2021 News Investments
    Toyoda Gosei to establish new plant for interiors and exteriors in Japan
    Toyoda Gosei Co., Ltd.’s production subsidiary in eastern Japan, Toyoda Gosei East Japan Co., Ltd. (TGEJ), is establishing a new plant in Ohira, Kurokawa-gun, Miyagi, the Japanese supplier announced in a press release on 29 January 2021. The company expects to begin construction of the plant in Ap...
    01-Feb-2021 News Investments
    LG Chem's net sales grow 9.9% y/y to USD27.6 billion in 2020
    LG Chem has reported growth of 9.9% year on year (y/y) in its net sales to KRW30 trillion (USD27.6 billion) during full-year 2020, according to a company press release on 27 January. Operating profit also saw a huge jump of around 185.1% y/y to KRW2.35 trillion. LG Chem’s Energy Solutions div...
    Cerence installs new cloud service center in Japan; signs Toyota as first customer
    Cerence has announced the installment of a new cloud service center in Japan, according to a company press release on 21 January. Toyota Motor Corporation will be signing on as its first user. The cloud center will offer AI-powered products and technologies such as speech recognition, text-to-speech...
    Germany asks Taiwan to help with the shortage of automotive semiconductors
    Germany has urged Taiwan to ask Taiwanese manufacturers help ease the semiconductor shortage currently plaguing the automotive sector, Reuters reported on 24 January. German carmakers including Volkswagen and Daimler are among those affected by the dearth of semiconductors for automobiles. Reuter...
    KT to offer music streaming service to Tesla’s infotainment system in South Korea
    Telecoms operator KT Corp will supply music streaming service to Tesla electric vehicles (EVs) in South Korea, Pulse News reported on 15 January. The report adds that Tesla is planning to deploy KT’s Genie Music streaming service in all its vehicles in South Korea within a month. KT is looking to ...
    South Korean government to invest USD1 billion into autonomous driving projects
    The South Korean government will invest KRW1.1 trillion (USD1 billion) into projects to develop autonomous driving technologies and establish related infrastructure by 2027, Yonhap News Agency reported government official saying on 14 January. The Ministry of Trade, Industry and Energy; the Ministry...
    19-Jan-2021 News Investments
    Toyota Research Institute, Stanford University’s Dynamic Design Lab to collaborate on improving vehicle safety
    Researchers at Toyota Research Institute (TRI) are working with Stanford's Dynamic Design Lab to improve automotive safety, according to a TRI press release on 14 January 2021. The engineers are conducting research into how to bring together the instincts of professional drivers and automated drivin...
    18-Jan-2021 News New Products
    Hanon Systems appoints Min Suk Sung as new CEO and president
    Hanon Systems has appointed Min Suk Sung as the company’s new CEO and president, according to a  company press release on 18 January. Min Suk Sung succeeds Jay Son, who will assume the new role of vice chairman. Min Suk Sung serves as colead of the company along with corporate president Nurda...
    Foresight to supply V2X solution to Japanese OEM 
    Foresight Autonomous has announced that its unit Eye-Net Mobile will start a pilot project with a Japanese vehicle manufacturer to test its Eye-Net Protect cellular-vehicle-to-everything (C-V2X) accident prevention solution, according to a company press release on 13 January. The pilot will help val...
    Hyundai unveils first image of electric CUV IONIQ 5
    Hyundai Motor Company has unveiled the first images of its upcoming electric crossover utility vehicle (CUV) IONIQ 5, the company announced in a press release on 13 January. IONIQ 5 will be the first vehicle mated with Hyundai Motor Group’s Electric-Global Modular Platform (E-GMP). IONIQ 5 will de...
    13-Jan-2021 News New Products
    Aichi Steel supplies high-strength steel for hydrogen application in Mirai FCEV
    Aichi Steel is supplying its AUS305- H2 high-strength steel for hydrogen application, such as hydrogen receptacles, in Toyota Mirai FCEV, the company announced in a press release in December 2020. “Going forward, Aichi Steel will further enhance its material development capabilities to support the...
    Hyundai confirms to be in early talks with Apple for EV development
    Hyundai has confirmed that it is in early talks with Apple for development of electric vehicles (EV), Reuters reported on 8 January. The companies are also reportedly looking for a tie-up for battery development. “Apple and Hyundai are in discussion, but as it is early stage, nothing has been deci...
    SK Group to invest USD1.5 billion in Plug Power
    Plug Power is set to raise USD1.5 billion investment from SK Group, the company announced in a press release on 6 January. Under the terms of the investment, a US subsidiary of SK Group will make the investment in Plug Power by acquiring approximately 51.4 million shares of common stock. Plug Power ...
    08-Jan-2021 News Investments
    Tesla enters into new battery supply agreement with Panasonic
    Tesla has entered into a new battery supply agreement with Panasonic, news website electrek reported on 4 January citing an SEC filing from Tesla. According to the filing, Tesla and Panasonic signed a new “2021 Pricing Agreement” for lithium-ion battery cells manufactured by Panasonic in Japan. ...
    Aspark starts sales of all-electric sportscar Owl in North America and Europe
    Japanese electric vehicle (EV) startup Aspark has started sales of its all-electric sports car Owl in North America and Europe, the company announced in a press release on 29 December. Aspark has also opened its own official showroom just close to its headquarters in Osaka, Japan, which displays two...
    06-Jan-2021 News New Products
    South Korea sets upper price cap for EV subsidies
    South Korea has set a cap on the price of an electric vehicle (EV) which are eligible for subsidies, BusinessKorea reported on 4 January. EVs which cost more than KRW90 million (around USD115,000) will no longer be eligible to get a purchase subsidy. EVs with prices of below KRW60 million will get f...
    Hyundai to stop sales of Kona EV in South Korea
    Hit by mass recalls, Hyundai is planning to stop sales of the all-electric Kona EV in South Korea, Reuters reported on 18 December, citing local media. However, sales of the Kona EV are expected to continue in Europe. “We are reviewing various options as we prepare to launch the Ioniq 5 midsize cr...
    SQM to supply lithium products to LG Energy from 2021
    Sociedad Química y Minera (SQM) has signed a long-term agreement to supply lithium products to LG Energy Solutions from 2021, the company announced in a press release on 22 December. The agreement is for eight years and will run till 2029. As part of the agreement, SQM will supply battery grad...
    WM Motors partners with Enel X, Myoung Shin, for exporting EVs
    Mainland China-based WM Motors has partnered with Myoung Shin and Italian power company Enel X to export its electric vehicles (EVs) in various countries, Yicai Global reported on 23 December 2020. According to the report, WM Motors will start exporting the vehicles in the first quarter of...
    Toshiba develops new magnetic material for electric motors
    Toshiba has developed a new magnetic material for use in electric motors, the company announced in a press release earlier in December. The new material enables major improvements in motor efficiency at minimum cost, and with the potential to win significant reductions in power consumption. The elec...
    28-Dec-2020 News New Products
    Toyota launches C+pod ultra-compact EV in Japan
    Toyota has launched its ultra-compact battery electric vehicle (BEV) ‘C+pod’ in Japan, the company announced in a press release on 25 December. The C+pod is rear-wheel drive vehicle, which produces 9.2 kW of power and 56 Nm of torque. It comes with a 9.06-kWh battery that offers a cruising range...
    28-Dec-2020 News New Products
    Japan targets 100% automotive electrification by mid-2030s as part of ‘green growth strategy’
    Japan is planning to end the sales of gasoline- and diesel-powered vehicles by the mid-2030s in a push to attain 100% vehicle electrification. According to a report filed by news agency Reuters on 25 December, this is being done as part of Japan’s green growth strategy, where the country aims to r...
    Teijin partners with SEMCORP to develop solvent-based coating separators for lithium-ion batteries
    Teijin Limited has signed a technical license agreement with Shanghai Energy New Materials Technology Co., Ltd. (SEMCORP) to manufacture solvent-based coating separators used in lithium-ion batteries for electric vehicles (EV) and other industries, the company announced in a press release on 22 Dece...
    Kia updates Go Electric augmented-reality app with new powertrain options
    Kia Motors Europe has updated its Go Electric augmented-reality (AR) app with new powertrain options, the automaker announced in a press release on 21 December 2020. The new option will depict every aspect of the brand’s electrified vehicles, including pure electric vehicles (EVs), plug-in hybrid ...
    23-Dec-2020 News New Products
    Toyota presents e-Palette for autonomous MaaS applications
    Toyota has announced its e-Palette, which is a battery-electric vehicle (BEV) for autonomous mobility as a service (Autono-MaaS) applications, the automaker said in a press release on 22 December. The e-Palette, which features automated driving functions, made its debut at the Tokyo Motor Show in 20...
    Harman appoints Christian Sobottka as president of Automotive Division
    Harman International, a wholly-owned subsidiary of Samsung Electronics Co., Ltd. focused on connected technologies for automotive, consumer, and enterprise markets, has appointed Christian Sobottka as president of the Automotive Division, the company said in a press release on 16 December 2020. The ...
    TI Fluid Systems to supply thermal coolant fluid carrying systems for Hyundai EVs
    TI Fluid Systems, a leading global supplier of automotive fluid systems technology, announced that it will provide thermal coolant fluid carrying loops for a large family of Hyundai, Kia, and Genesis brand vehicles, according to a company press release on 15 December 2020. The company will initially...
    Hyundai updates ‘Strategy 2025’; aims 8-10% share in global EV market
    In a press release dated 10 December, Hyundai announced an update to its ‘Strategy 2025’ plan on smart mobility. Under the updated ‘Strategy 2025’, Hyundai is aiming for a corner 8–10% of share in the global electric vehicle (EV) auto market by 2040. The company will fully electrify its li...
    Toyoda Gosei starts production of hydrogen tanks for FCEVs at Inabe Plant in Japan
    Toyoda Gosei Co., Ltd. has commenced production of high-pressure hydrogen tanks at the Inabe Plant in Inabe, Mie Prefecture, Japan, according to a company press release on 10 December 2020. These high-pressure hydrogen tanks are a crucial component of fuel-cell electric vehicles (FCEVs). The plant e...
    11-Dec-2020 News Investments
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