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    Will China drive global alignment in EV battery swap standards?
    China, the largest electric car market in the world, is expected to drive global benchmarks in electric vehicle battery swapping practices, as well as the emerging battery-as-a-service, or BaaS, industry. Neither the EV battery swap model is new nor it was invented in China. However, it is the only ...
    How driving assistance and automation are impacting the steer-by-wire systems market
    The current steering systems market is primarily controlled by low-end, column-motor systems in the entry and lower-midclass vehicle segments and high-end, rack-motor systems in the upper-midclass and premium-class vehicle segments. However, steer-by-wire (SBW) steering systems will dominate the fut...
    JFE to test application of CO2-utilization technologies to decarbonize steelmaking operations
    Japanese steel company JFE announced via press release on 20 June that it will be testing the application of two carbon dioxide (CO2)-utilization technologies to decarbonize its Japanese steelmaking operations and achieve carbon neutrality. According to the press release, the two technologies the...
    SK On, Posco to collaborate on new battery value chain projects
    Korean battery manufacturing company SK On announced via press release on 15 June that it had signed an MoU with Posco Holdings to jointly discover new business opportunities within the broader electric vehicle (EV) rechargeable battery manufacturing value chain. According to the press release, t...
    Neo Battery Materials partners with A&P to set up new battery anode facility in Korea
    Vancouver-based battery materials company Neo Battery Materials announced via press release on 8 June that it had signed a strategic MoU with Korean automotive parts manufacturer Automobile and PCB Inc. (A&P) to advance mass production is its silicon battery anode materials. According to the ...
    Hyundai plans to discontinue production of first generation Ioniq cars in South Korea
    Hyundai Motor Company said on 3 June 2022 that it plans to discontinue the production of original or the first generation Ioniq cars at its Ulsan plant in South Korea from July 2022. The last Ioniq to roll off the production line next month will mark the end of a significant chapter in Hyundai’s r...
    Japanese oil company Eneos to buy 6,100 EV chargers operated by NEC Corporation
    Japanese oil company Eneos has acquired the rights to operate about 4,600 electric vehicle (EV) chargers located across commercial facilities from electronics company NEC Corporation, a report published by the Japan-based newspaper The Asahi Shimbun said on 7 June 2022, citing the company announceme...
    LG Chem, KEMCO to set up new NCMA precursor plant in Ulsan, South Korea
    Korean chemical company LG Chem announced via press release on 2 June that it will be setting up a joint venture with Korea Zinc subsidiary KEMCO for the manufacturing of lithium-ion battery precursor materials in South Korea. According to the press release, the new joint venture, tentatively nam...
    POSCO to decarbonize steel production using new hydrogen-based HyREX technology
    The Korea Times reported on 23 May that Korean steel manufacturing company POSCO plans to commercialize its new hydrogen-based HyREX technology by 2030 to decarbonize its steel production facilities. According to the report, the HyREX technology, an advanced version of its FINEX fluidized re...
    31-May-2022 News New Products
    Nissan to launch mass market electric car Sakura with 20-kWh Li-ion battery
    Japanese carmaker Nissan’s all-new mass market electric car Sakura will be equipped with 20-kWh lithium-ion (Li-ion) battery and the electric vehicle (EV) can deliver a WLTC driving range of up to 180 kms, the company said on 20 May 2022, disclosing product details. “The Sakura is e...
    27-May-2022 News New Products
    Nissan, Mitsubishi unveil jointly developed mass market electric car in Japan
    Nissan Motor Company Ltd., Mitsubishi Motors Corporation, and NMKV Company. Ltd. held the assembly line roll off ceremony for the new mini electric vehicle jointly developed by the two automakers in Japan, the company said on 20 May 2022. The ceremony took place at the Mitsubishi Motors’ Mizushima...
    23-May-2022 News New Products
    South Korea to test 5G-V2X related projects from 2023
    South Korea will begin testing 5G-V2X projects from 2023, DigiTimes reported on 17 May, citing Korean-language media ET News. Bids for cooperative autonomous vehicle infrastructures and service research projects are now open. Korea Expressway Corporation intend to begin official regulations for 5G-V...
    Kobe Steel to supply low-CO2 blast furnace steel from fiscal 2022
    Japanese steel manufacturer Kobe Steel announced via press release on 17 May that it plans to start selling products made from its new low carbon dioxide (CO2) blast furnace steel “Kobenable” from this fiscal year. According to the press release, the company intends to sell the steel in two c...
    Nippon Steel to supply carbon neutral steel from fiscal 2024
    Japanese steel manufacturer Nippon Steel announced plans to start supplying its customers with carbon neutral steel from fiscal 2024 according to a 10 May Reuters news article. According to the report, the company will initially start producing 700,000 tons of steel annually that would have a zer...
    Nippon Steel to invest USD2.1 billion in new high-strength steel mill at Nagoya Works
    Japanese steel manufacturer Nippon Steel announced via press release on 10 May that it will be investing USD2.1 billion (YEN270 billion) to build a new hot strip mill to replace the existing one at its Nagoya Works site. According to the press release, the new mill, equipped with the world...
    16-May-2022 News Investments
    Hyundai, partners to set up high-speed EV charging infrastructure in South Korea
    South Korean carmaker Hyundai Motor Group has signed an agreement with Lotte Group and KB Asset Management to establish a special purpose company focused on setting up the fast-charging infrastructure for EVs in South Korea, the company said on 20 April 2022. The  special purpose company, wh...
    Porsche, Audi team up to build premium EV charging alliance in Japan
    Volkswagen group companies Porsche and Audi are teaming up in Japan to build a premium EV charging business and expand the 150 kW rapid charging station network across the country, luxury carmaker Porsche said on 20 April 2022. “Porsche Japan and Audi Japan build a Premium Charging Alliance bus...
    Samsung Electro-Mechanics develops high-temperature MLCCs for automotive powertrains
    Samsung Electro-Mechanics, a subsidiary of South Korea’s Samsung Group, has developed high-temperature multilayer ceramic capacitors (MLCCs) that can be used in automotive powertrains, the company announced on 11 April 2022. A multilayer ceramic capacitor is a core component used in electronic ...
    13-Apr-2022 News New Products
    Nissan unveils prototype facility for solid-state battery cells in Japan
    Japanese carmaker Nissan Motor Corporation has unveiled the company’s prototype production facility for laminated all-solid-state battery cells in Japan. In an official statement released on 8 April 2022, Nissan said that the prototype battery cell facility is based within the Nissan Research Cent...
    11-Apr-2022 News New Products
    Chemtronics to mass produce V2X products
    Chemtronics will begin mass production of vehicle-to-everything (V2X) products that will be able to simultaneously support wireless access for vehicular environments (WAVE) and cellular V2X (C-V2X), Korea IT News reported in February. Significance: Growth of the connected and autonomous mobility ...
    Autotalks deploys V2X systems in Seoul, South Korea
    Autotalks has announced that Seoul City, South Korea, has deployed its solution as part of its plan to establish a vehicle-to-everything (V2X) and advanced driver assistance system (ADAS) test platform supporting Autonomous Driving Level 4, a company press release dated 7 March read. “By taking...
    Posco Chemical invests USD480 million in new battery precursor plant
    South Korean manufacturer of specialty chemicals Posco Chemicals announced via press release on 7 March that it would be investing USD480 million to build a new 100,000-ton battery precursor material plant with the South Jeolla Province and Gwangyang city. According to the press release, the...
    14-Mar-2022 News Investments
    Genesis to offer OTA software update for its GV60 models
    Genesis will be offering over-the-air (OTA) software update for its GV60 model, the Korea Herald reported on 6 March. The model was launched in October 2021. The software update will enhance forward and backward collision warnings, parking distance warnings, and remote smart parking assist feat...
    07-Mar-2022 News New Products
    LG Energy Solution raises USD10.8 billion in its initial public offering (IPO)
    South Korean battery maker LG Energy Solution (LGES) has raised USD10.8 billion in its initial public offering (IPO), according to a Reuters report published on 14 January 2022. LGES shares were prices at KRW300,000 (USD251.55) each, raising KRW12.8 trillion, the report said, adding that the public ...
    Lithium-metal battery company SES AI Corporation forms new subsidiary in South Korea
    Boston-headquartered high-performance lithium-metal (Li-Metal) battery maker SES AI Corporation has incorporated a wholly owned subsidiary in South Korea – SES Korea, the company announced on 10 February 2022. It also said that expanding its footprint it plans to build a pre-production facility in...
    Bridgestone invests USD71 million to increase tire production capacity at Japanese plants
    Japanese auto parts manufacturer Bridgestone announced in a press release on 3 February that it will invest approximately JPY8.2 billion (USD71 million) to expand production capacity of premium tires for passenger cars at its Tochigi, Hikone, Hofu, and Tosu plants in Japan. Ac...
    04-Feb-2022 News Investments
    Geely Group, Renault sign up for joint cooperation in South Korea, export markets
    Renault Group and Geely Holding Group have signed an agreement to launch a new collaboration dedicated to bringing fuel-efficient hybrid electric vehicles (HEVs) and internal combustion engine (ICE) models to the South Korean market as well as for export sales, the two companies said in a strategic ...
    Toyota launches new Noah and Voxy minivans in Japan with advanced connectivity
    Toyota has launched Noah and Voxy minivans in Japan with new safety and connectivity features, the automaker said in a press release on 13 January. The vehicles feature Toyota Safety Sense, an all-new active safety package with advanced and improved functionality. It features the Pre-collision Sa...
    18-Jan-2022 News New Products
    Hitachi Astemo discovers quality issues at brake and suspension manufacturing plants
    Japanese automotive parts manufacturer Hitachi Astemo announced via press release on 22 December 2021 that it had discovered inappropriate conduct regarding brake and suspension parts manufacturing at its Yamanashi and Fukushima plants respectively. The details of inappropriate conduct provided i...
    TSMC to begin 3nm chip production in late 2022
    Taiwan Semiconductor Manufacturing Company (TSMC), according to a press release dated 24 December, is reportedly planning to begin production of chips built on its 3nm process in the fourth quarter of 2022. According to MacRumors, Apple will release its first devices with TSMC 3nm chips in 2023, inc...
    Hyundai shuts down its engine development team amid focus on electric cars
    According to a press release published on BusinessKorea on 24 December, Hyundai Motor Group abruptly closed the Engine Development Center at its research and development (R&D) Headquarters. It has officially stated that it will no longer release new models powered by internal combustion eng...
    Japan considers establishing legal framework for fully automated vehicle operations in limited areas
    According to a press release published on 23 December in the Japan Times, Japan is considering a system to screen and approve providers of fully automated driving services within limited areas, under the supervision of prefectural public safety commissions, the National Police Agency announced. I...
    Samsung begins mass production of comprehensive automotive memory solutions for next-generation autonomous EV
    Samsung Electronics unveiled an extensive lineup of cutting-edge automotive memory solutions designed for next-generation autonomous electric vehicles in an official press release dated December 16. A 256 GB PCIe Gen3 NVMe ball grid array (BGA) SSD, 2GB GDDR6 DRAM and 2GB DDR4 DRAM for hig...
    Chip shortage: Automakers’ plan to ensure supply of chips and guide their design
    Ford Motor took a step toward in addressing the chip shortage challenge in November, announcing a collaboration that will allow GlobalFoundries (GF) to increase supplies of semiconductors for Ford for its current vehicle lineup, as well as research and development (R&D) purposes. Ford already pu...
    Toyota halts production at two Japanese factories due to supply chain shortages
    Toyota Motor Corp has halted production at two factories in Japan due to a supply shortage, according to a press release dated 9 December, a spokesperson told Reuters. Production at the factories was halted on 8 December, and the suspension is expected to last about three days, according to a spo...
    Car-sharing app SoCar to launch integrated mobility services
    According to a press release dated 9 December, SoCar, a South Korean car-sharing company announced that it intends to launch an integrated mobility services that connects all transit options in one app in 2022. According to the company, the envisioned "super app" will allow users to find mul...
    10-Dec-2021 News New Products
    MORAI and dSPACE to codevelop autonomous driving validation simulator
    According to a press release published on PR Newswire on 9 December, MORAI has signed an MOU with dSPACE to collaborate on the development of co-simulation solutions. MORAI CEO Jawon Jung stated, "Co-simulation can create powerful simulation platforms that integrate the strengths of different sol...
    Hyundai Mobis develops new e-corner module for PBVs
    South Korean car parts company Hyundai Mobis announced via press release on 14 September that it had developed a new 90-degree rotating e-corner module for Purpose Build Vehicles (PBVs). According to the press release, the e-corner module, a next-generation automobile wheel technology regard...
    08-Dec-2021 News New Products
    AGC releases nine-month consolidated financial results for 2021
    Japanese glass manufacturing company AGC announced at a press release on 1 November its consolidated financial results for the first three quarters of financial year (FY) 2021–22. According to the release, the highlights of the financial results for the duration of 1 January–30 September ...
    Bridgestone to consolidate its seat pad manufacturing in Japan to three plants
    Japanese auto parts manufacturer Bridgestone Corporation announced via press release on 8 October that it will be consolidating its plants for automotive seat pads in Japan as part of its global expense and cost structure review plan. According to the release, Bridgestone will be closing its...
    Nippon Steel sues Toyota and Baosteel over electrical steel sheet patent infringement
    Japanese steelmaker Nippon Steel announced via press release on 14th October that it had filed lawsuits seeking compensatory damages before Tokyo District Court against Chinese steelmaker Baosteel and Japanese OEM Toyota alleging their infringement of Nippon’s patent relating to non-oriented elect...
    South Korean mobility firms join hands to launch autonomous driving association
    According to a press release published on the Korea Economic Daily on October 12th, Hyundai Motor Co., Kakao Mobility Corp., KT Corp., and other competitive players in their respective fields have officially launched an autonomous vehicle industry council to ensure Korean leadership in the age of fu...
    ISO 9001 certification restored for Akebono's four manufacturing subsidiaries
    Japanese manufacturer of brake products Akebono announced via press release on 14 October that the ISO 9001 certification had been restored for its Yamagata, Fukushima, Iwatsuki, and Sanyo brake product manufacturing subsidiaries. According to the press release, the ISO quality management ce...
    Vehicle AEB systems in Japan to include protection for cyclists from July 2024
    The Japanese transport ministry at the end of September amended the country’s automatic braking system safety provisions to include protection for bicycle riders from July 2024, according to the Asahi Shimbun. While automatic emergency braking (AEB) systems are currently only required to preven...
    Quality certification restored for Akebono's Iwatsuki and Sanyo manufacturing subsidiaries
    Japanese manufacturer of brake products Akebono announced via a press release on 1 October that the IATF 16949 certification had been restored for its Iwatsuki and Sanyo brake product manufacturing subsidiaries. According to the company’s press release, the quality management certification...
    Smart Eye announces new design win with Japanese OEM
    Smart Eye announces a new design win with a global Japanese car manufacturer, according to an official press release dated 1 October. Based on estimated product life cycle forecasts, the new order for one new car model on an existing platform is worth SEK25 million (USD2.86 million) The clie...
    Automakers and suppliers to reinvent supply chain amid chip shortage
    Despite chip plants effectively running on full capacity, the global chip-shortage crisis may not be resolved next year, warned executives from German automotive companies during the IAA Mobility 2021 show in Munich. Top executives from several companies have publicly stated that they do not know...
    Model-based development center to include 10 Japanese OEMs and suppliers
    Japanese automakers including Subaru, Toyota Motor, Nissan, Honda, and Mazda along with suppliers Aisin, Jatco, DENSO, Panasonic, and Mitsubishi Electric will be joining as executive members in the Japan Automotive Model-Based Engineering center (JAMBE), according to a joint statement dated 24 Septe...
    Toshiba develops simulation technology to shortens verification times for automotive semiconductors
    Toshiba Electronic Devices & Storage Corporation, according to an official press release dated 21 September, has developed a model-based development (MBD) simulation technology that reduces verification times for automotive semiconductors by approximately 90%. The technology enables automotive e...
    24-Sep-2021 News New Products
    Renesas unveils R-Car SDK accelerates deep learning development for Smart Camera and Automated Driving
    Renesas Electronics Corporation announced the R-Car Software Development Kit (SDK) on 21 September, a complete software platform in a single package that enables faster and easier software development and validation for smart camera and automated driving applications used in passenger, commercial, a...
    22-Sep-2021 News New Products
    Quality certification restored for Akebono's Yamagata and Fukushima manufacturing subsidiaries
    Japanese manufacturer of brake products Akebono announced via a press release on 6 September that the IATF 16949 certification had been restored for its Yamagata and Fukushima brake product manufacturing subsidiaries on 27 August and 3 September respectively. According to the company’s press re...
    Honda to start testing program in September for autonomous vehicle mobility service in Japan
    According to an official press release dated 8 September, Honda Motor announced that it will begin a testing program for autonomous vehicles in September 2021, paving the way for the company to launch an autonomous vehicle mobility-as-a-service (MaaS) business in Japan in collaboration with Cruise a...
    South Korea announces USD10.3 billion budget to promote e-mobility
    The South Korean government has passed a bill that sets the year 2050 as the target for carbon neutrality in the country. According to a report filed by Electrive on 2 September, the National Assembly of the country has also earmarked KRW12 trillion (approximately USD10.3 billion) in 2022 for the e-...
    Toyota to resume self-driving e-Palette vehicle operations at Tokyo Olympic village
    Toyota Motor announces, in an official press release dated August 30, that the Tokyo Organising Committee of the Olympic and Paralympic Games has decided to resume operations of the e-Palette mobility vehicle within the Athletes' Village. Mobility service operations were halted in response to an ...
    Posco commences high-purity nickel production for EV batteries
    South Korean materials supplier, Posco, has announced that it has commenced production of high-purity nickel required for secondary batteries used in electric vehicles (EVs). According to a press release issued by Posco on 19 August, the company stated that a new production facility has been set up ...
    30-Aug-2021 News Investments
    Continental to focus on automated driving
    According to a press release issued by Continental Mobility on 11 August, driver assistance systems and automated driving are gaining popularity worldwide. People in China and Japan, in particular, are already open to the benefits of automated driving, whereas people in Germany, France, and the Unit...
    SK Innovation Q2 2021 revenue climbs 55.9% y/y to USD9.71 billion
    South Korean electromobility components supplier, SK Innovation, has published its financial results for the second quarter of the 2021 fiscal year (FY). According to a press release issued by SK Innovation on 3 August, the company stated that it recorded revenues of KRW11.12 trillion (approximately...
    SK Innovation to spin off EV battery business
    South Korean supplier, SK Innovation, has announced that it has decided to spin off its EV battery business line and Exploration & Production (E&P) business lines. According to a press release issued by SK Innovation on 4 August, the company stated that its Board of Directors took the decisi...
    Lidar startup AEye opens Japan office to meet growing demand for its adaptive lidar
    According to a press release published on 3 August by Business Wire, AEye, the global leader in adaptive, high-performance lidar solutions, today announced the opening of its Tokyo office to support and grow AEye's existing base of automotive, mobility, and industrial partners, suppliers, customers,...
    04-Aug-2021 News Investments
    Nidec reports 32.8% y/y growth in Q1 net sales to USD4.08 billion
    Japan-based automotive components supplier, Nidec Corporation, has announced its financial results for the first quarter of the 2021 fiscal year (FY). According to a press release issued by Nidec on 21 July, the company posted net sales of JPY447.47 billion (approximately USD4.08 billion) during fir...
    Quanergy’s 3D LiDAR system to power V2X Smart City deployment in South Korea
    Quanergy has announced that its 3D LiDAR solution will support in the development of an Information, Communication, and Technology (ICT) system in Busan, South Korea, according to a 20 July press release. Deployed in collaboration with iCent, the solution consists of MQ-8 LiDAR sensor, paired wit...
    Hyundai to pilot AI-powered, self-driving RoboShuttle service in South Korea
    Hyundai Motor will start test operation of its RoboShuttle service on 9 August along a 6.1-kilometer (km) route in Sejong Smart City, South Korea, it said in a 13 July press release. The test pilot will use a Hyundai H350, a light commercial van equipped with autonomous driving technology....
    LG Chem, LG Energy plan to invest over USD13 billion in South Korea to boost battery production
    South Korean supplier LG Chem Ltd. and its wholly owned subsidiary LG Energy Solution have announced plans to invest a combined amount of KRW15.1 trillion (approximately USD13.2 billion) in South Korea during this decade. According to a report filed by business news agency Reuters on 8 July,...
    13-Jul-2021 News Investments
    Sumitomo Metal Mining to invest USD424 million to boost cathode materials production
    Japan-based Sumitomo Metal Mining Co. Ltd. has announced that it will be investing JPY47 billion (approximately USD424 million) in order to ramp up its production capacity of materials used in the rechargeable battery cathodes of electric vehicles. According to a report filed by business news age...
    07-Jul-2021 News Investments
    South Korean government approves 53 projects to develop fully automated vehicles by 2027
    According to a press release on Al Bawaba dated 28 June, South Korea's Industry Ministry has approved 53 projects with budgets totaling KRW85 billion (USD75 million) this year, as part of efforts to develop fully autonomous vehicles by 2027. According to the Ministry of Trade, Industry, and Energ...
    05-Jul-2021 News Investments
    Hyundai in talks with chipmakers in South Korea to diversify supply chain
    Hyundai Motor Group is in talks with South Korean chip companies to reduce its reliance on foreign supplies in the midst of a global shortage that has halted assembly lines at automakers worldwide, four sources as per Reuters press release on 16 June.  “On top of facing high entry bar...
    EV battery startup Ample, ENEOS launch EV battery swapping service in Japan
    ENEOS, along with electric vehicle (EV) battery startup Ample, have announced a business collaboration to launch an EV battery swapping service in Japan from March 2022, according to a 16 June press release. Under the partnership, both companies aim to develop an energy delivery service for EVs that...
    Nissan launches Note Aura with electrified powertrain in Japan
    Nissan has launched its new hatchback, the Note Aura, in Japan exclusively with its e-POWER electrified powertrain. According to a press release issued by Nissan on 15 June, the company stated that sales of this new vehicle are slated to commence from autumn this year onward. The second generatio...
    16-Jun-2021 News New Products
    Hyundai resumes production at Ulsan plants in South Korea
    The Hyundai Motor Company has announced that it has resumed production activities at four out of its five manufacturing facilities located in Ulsan, South Korea. According to a report filed by news agency The Korea Herald on 11 June, the South Korean automaker had temporarily halted manufacturing...
    14-Jun-2021 News COVID-19
    Kumho Tire exclusively supplies Ecsta HS51 tire for Renault Samsung’ Arkana
    Kumho Tire is exclusively supplying its Ecsta HS51 tire to Renault Samsung Motors’ compact sports utility vehicle (SUV), Arkana, reports The Korea Herald. Significance: The Ecsta HS51 is their best-selling tire in Europe, The Korea Herald reported. The tire uses rubber and high grip resin for e...
    Chuo Spring gets contract for ‘Stabilizer’ chassis spring from Mazda, Honda
    Japan-based Chuo Spring Co., Ltd. announced that it has been awarded supply contracts for the "Stabilizer" chassis spring used for the foot of automobiles, by Mazda and Honda, according to a company press release on 3 June. Significance: The stabilizer chassis spring is a component used to e...
    LG Chem to supply NCMA cathode materials for EV batteries to Tesla
    Tesla is expected to become the first automaker to use LG Energy Solution’s new nickel-cobalt-manganese-aluminum (NCMA) battery cells, which have a 90% nickel composition, electrek.com reported on 2 June. Significance: Tesla has been going over newer battery chemistries for its electr...
    NTN develops Ra-sHUB hub bearing for rear wheels with steering assist function
    NTN Corporation has developed the “Ra-sHUB” hub bearing for rear wheels according to a company press release on 28 May. Significance: According to the press release, the Ra-sHUB has been developed by modifying the hub bearing “sHUB” with steering assist function that adjusts the stee...
    03-Jun-2021 News New Products
    Posco introduces battery pack with stainless steel outer frame structure
    POSCO has introduced the battery pack steel used in ‘e Autopos,’ an integrated brand of eco-friendly vehicles, according to a company press release on 27 May. Significance: The POSCO Battery Pack for Electric Vehicle (PBP-EV) is an eco-friendly car battery pack that develops the third generat...
    02-Jun-2021 News New Products
    Hyundai, Kia, and other brands to recall more than 700,000 vehicles in South Korea
    Hyundai, Kia, Mercedes-Benz, General Motors (GM), and Toyota have issued a recall affecting a total of 714,720 vehicles in South Korea, according to a report by Pulse News on 27 May 2021. The recall covers 22 models, over various faulty parts. Of the total vehicles being recalled, the majority ar...
    02-Jun-2021 News Recalls
    Hitachi Astemo supplies EV motors, inverters for Mazda’s MX-30 EV model
    Hitachi Astemo Co., Ltd. is supplying its electric vehicle (EV) motors and inverters for Mazda’s first mass-produced EV, "MX-30" which was launched in Japan in January 2021, according to a company press release on 1 June 2021. The motor adopted in the Mazda MX-30 EV model has high output and hi...
    Around 20 Japanese companies to work with TSMC on semiconductor research project
    According to a press release on Reuters dated 31 May, the Japanese government announced the plan for a semiconductor research project to develop cutting-edge chip technology in the country with the market-leading Taiwan Semiconductor Manufacturing Company. Around 20 Japanese companies will w...
    Renesas fire-hit chip plant in Japan to start full production around mid-June
    Renesas Electronics Corp is expected to restore full production capacity at a fire-damaged chip plant in Japan by mid-June as per the company's press release dated 1 June.  Capacity on the Naka plant's 300mm chip line in eastern Japan had returned to about 88% of pre-fire levels at...
    Nissan in advanced talks with UK government to build battery gigafactory
    Nissan is in advanced talks with the UK government to build a battery gigafactory, reports Nikkei Asia. Nissan aims to make the United Kingdom its largest electric vehicle (EV) production hub outside of Japan. Nissan will employ mainland Chinese battery maker Envision AESC to run a new fac...
    28-May-2021 News Investments
    European Commission clears acquisition of Sanden by Hisense Group
    The European Commission (The Commission) has approved, under the EU Merger Regulation, the acquisition of Japan-based Sanden Holdings Corporation by Chinese Hisense Group Holdings Co. Ltd., The Commission said in a press release on 20 May 2021. Significance: Sanden manufactures and supplies ...
    Toray develops thermal conductivity technology to raise heat-dissipating properties of CFRP
    Japan-based Toray Industries has developed a thermal conductivity technology that can raise the heat-dissipating properties of carbon-fiber-reinforced plastic (CFRP) comparable to that of metals, according to a company press release on 19 May. Significance: Toray states that its new technology wh...
    27-May-2021 News New Products
    NTN’s FY 2020/21 net sales decline 13.7% y/y to USD5.1 billion
    NTN’s net sales declined by 13.7% year-on-year (y/y) to JPY562.8 billion (USD5.1 billion) for the fiscal year ended 31 March 2021, according to a company press release on 14 May 2021. The company has posted an operating loss of JPY3.1 billion, compared with an operating income of JPY7.5 billion in...
    JSAE 2021: HELLA to present 48V DC/DC converter
    HELLA will present innovative electronic solutions such as an 48V DC/DC Converter, which was specially designed for mild hybrid vehicles of higher performance classes, at the JSAE, Society of Automotive Engineers of Japan, the Germany-based electronics and lighting expert said in a press release on ...
    21-May-2021 News New Products
    DuPont introduces Kevlar® MicroCore™ material for battery separators
    DuPont has introduced a new high-temperature-resistant, super fine fiber material called DuPont™ Kevlar® MicroCore™, according to a company press release on 17 May. The material is planned for use in battery separators to help cater to the growing demand for safer, higher- performing lithium-io...
    19-May-2021 News New Products
    Bridgestone posts 7.2% y/y increase in revenue for Q1 2021 to USD6.87 billion
    Japan-based tire manufacturer Bridgestone has announced its financial results for the first quarter of 2021. According to a press statement issued by Bridgestone on 17 May, the company has posted a revenue of JPY757 billion (approximately USD6.87 billion) during first quarter this year ended 31 Marc...
    Tachi-S’s FY 2020/21 net sales drop 29.7% y/y to USD1.8 billion
    Japanese interior parts supplier Tachi-S has reported a 29.7% year-on-year (y/y) decline in net sales to JPY198.5 billion (USD1.8 billion) for the fiscal year (FY) ended 31 March 2021, according to a company press release on 14 May. The company posted an operating loss of JPY7.7 billion compared wit...
    Toyoda Gosei, Ashimori Industry enter alliance for safety system business
    Toyoda Gosei Co., Ltd. and Ashimori Industry Co., Ltd. have agreed to establish a capital and business alliance for the safety system business, Toyoda Gosei said in a press release 14 May 2021. Under the alliance, the two companies will leverage their respective business assets and know-how; bu...
    South Korea unveils USD450-billion plan to expand chip industry
    The South Korean government unveiled an ambitious plan on 13 May to invest USD450 billion over the next decade in its semiconductor manufacturing industry. Samsung Electronics Co. and SK hynix Inc would lead in the investment of USD510 trillion won in semiconductor research and production throu...
    17-May-2021 News Investments
    LG Chem invests USD133.4 million in prospective Korea Battery & ESG incubation fund
    LG Chem has invested KRW150 billion (USD133.4 million) in a prospective ESG Company incubation fund, according to a company press release on 11 May. The project will include “finding and fostering domestic companies in the battery materials and eco-friendly industry materials sectors.” The Ko...
    14-May-2021 News Investments
    Ningbo Ronbay begins building high-nickel cathode material facility in South Korea
    Chinese battery material manufacturer Ningbo Ronbay has started building a high-nickel content cathode material facility in South Korea, according to a company press release on 21 April. Construction of the first phase, with a design capacity of 20,000 tons per annum (tpa), is expected to be complet...
    13-May-2021 News Investments
    Mitsubishi Heavy Industries FY 2020 revenue slides 8.45% y/y to USD33.97 billion
    Mitsubishi Heavy Industries, Ltd. (MHI) announced its consolidated financial results for the fiscal year (FY) 2020 (ended 31 March 2021). According to a press release issued by MHI on 10 May, the company generated revenue of JPY3.69 trillion (approximately USD33.97 billion). This implies a reduction...
    JOINT VENTURE: Marelli, PUNCH form JV to develop, assemble integrated e-axles for EVs
    Global automotive supplier, Marelli and driveline and powertrain supplier, PUNCH (via PUNCH Motive International) have formed a joint venture (JV) to facilitate “Marelli’s shift toward electrification through the development and assembly of integrated e-axles for electric vehicles (EVs).” The ...
    Toyota, Woven Planet, and ENEOS to test hydrogen-based supply chain
    ENEOS Corporation and Toyota Motor Corporation have announced their agreement on a new partnership to explore the utilization and application of hydrogen energy at Woven City, the prototype city of the future that Toyota has started to develop in Susono City, Shizuoka Prefecture, Japan. According...
    12-May-2021 News New Products
    South Korea to expand investment and tax incentives for automotive semiconductor segment
    South Korea has said it plans to expand investment and tax incentives for the semiconductor segment in line with efforts to foster the non-memory chip industry and cope with the global supply shortages of automotive chips according to a telecom economics times press release dated 9 May. “To cop...
    11-May-2021 News Investments
    TS Tech’s FY 2020/21 sales down 3.8% y/y to USD3.14 billion
    TS Tech has reported a 3.8% year-over-year (y/y) decline in revenue to JPY346.1 billion (USD3.14 billion) for the financial year ended 31 March 2021, the Japanese automotive seating supplier said in a press release on 30 April. Despite lower sales, operating income grew by 1.6% y/y to JPY26.7 billio...
    Toyota Boshoku’s FY 2020/21 sales decline 7.3% y/y to USD11.5 billion
    Toyota Boshoku’s sales declined 7.3% year-on-year (y/y) to JPY1.2 trillion (USD11.5 billion) in the fiscal year ended 31 March 2021. Operating profit grew 19.5% y/y to JPY57.1 billion and net profit rose 25.8% by to JPY31.2 billion. In the fiscal year, Toyota Boshoku reported 9.5% y/y decline i...
    Koito’s FY 2020/21 sales down 11.8% y/y to USD6.4 billion
    Koito has reported full year sales of JPY706.3 billion (USD6.4 billion), down 11.8% year-on-year (y/y) for the year ended 31 March 2021, according to a company press release on 27 April. Operating income for the year also declined by 31.2% y/y to JPY56.7 billion and net income fell by 35.2% y/y to J...
    Toyota launches PROACE battery electric panel vans in Europe
    In fourth quarter 2020, Proace Electric was introduced to Norway, the Netherlands, and Switzerland. In first quarter 2021 it will be launched in Denmark, Finland, France, Germany, Italy, Spain, Sweden, and the United Kingdom, alongside Proace Verso Electric in some markets. The models come with...
    03-May-2021 News New Products
    NTN develops ‘Creepless Bearing’ using proprietary undercut machining on bearing to stop creeping
    NTN Corporation has developed a “creepless bearing”—a deep groove ball bearing for automotive transmissions and electric vehicle (EV)/hybrid electric vehicle (HEV) motors—that stops creeping by applying the company’s proprietary undercut machining on the outer diameter of the outer ri...
    30-Apr-2021 News New Products
    EV startup REE Auto, Toyota’s Hino Motors sign strategic business alliance agreement
    Hino Motors, a subsidiary of Toyota Motor Corporation, and REE Automotive have signed a strategic business alliance agreement to over “next-generation commercial mobility,” according to a company press release on 27 April. The companies plan to develop hardware prototypes by fiscal year (FY) 202...
    Suzuki, Subaru, Daihatsu, Toyota, and Mazda to work on next-gen vehicle communications devices
    Toyota has partnered with Suzuki Motor, Subaru, Daihatsu Motor, and Mazda to jointly develop technical specifications for next-generation vehicle communications devices, a company press release on 27 April read. The companies will provide safe connected services to customers as early as possible,...
    Kia invests in IONITY charging network, reduces kWh prices for customers
    The all-new Kia EV6 electric crossover is being made available alongside a high-power charging network and integrated payment platform in Europe, according to a company press release by Kia on 22 April. As an IONITY joint venture member, Kia can offer customers ultrafast 350-kW charging at reduced p...
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