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    How the Inflation Reduction Act of 2022 impacts the US EV ecosystem
    On 7 August 2022, Democrats in the US Senate passed the Inflation Reduction Act of 2022, which aims to not only take control of rising inflation by reducing the fiscal deficit but also invest in domestic manufacturing of renewable energy and electric vehicles (EVs), secure the necessary supply chain, and cut down the carbon footprint by roughly 40% by 2030. The proposal made within the purview of the Inflation Reduction Act of 2022 (IRA) expects to raise about USD739 billion and invest about ...
    Software complexity starting to cost CEOs their job
    Complexity in the software has increased to a level where it has become not just difficult to debug and maintain, but it has compounded an OEM’s already difficult situation to comprehend the overall system interactions between various electronic control units (ECUs) and to properly test all the various combinations of features in a car. Most of the software in vehicles is written by suppliers that also use third-party software and work with externals, so the OEM’s control on the result is ve...
    BMW plans to begin mass production of fuel cell SUVs from 2025
    German luxury carmaker BMW Group plans to start the mass production and sales of fuel cell vehicles jointly developed with Toyota as early as 2025, according to a news report published by Nikkei Asia on 12 August 2022. BMW’s plan was disclosed by the company’s Sales Chief Pieter Nota, who told the news agency in an interview that the German automaker has several ongoing projects with Toyota on the fuel cell technology. “We see that hydrogen fuel cell technology is particularly relevant ...
    AutoTechInsight Weekly – 15 August 2022
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    Mitsuba Corporation’s Q1 2023 net sales declines 4.16% y/y to USD489.77 million
    Mistuba Corporation has reported first quarter 2023 net sales at JPY66.8 billion (USD489.77 million) with a year-on-year (y/y) decrease of 4.16% compared to JPY69.7 billion in first quarter of 2022, according to a filing by the company on 10 August. Operating income for the reporting period was down JPY1.9 billion. According to Mitsuba’s financial report, Transportation equipment-related operations segment reported net sales at JPY61.9 billion, down 6.06% y/y in first quarter 2023 compared ...
    VisIC partners with hofer powertrain to develop new GaN-based traction inverter
    VisIC has collaborated with hofer powertrain to develop a traction inverter using its Gallium Nitride Chip Technology, D3GaN (Direct Drive D-Mode), it said in a press release on 11 August. The inverter boasts of optimal switching speed, is smaller, and with a lighter package size, thus reducing total system cost. “hofer powertrain’s development paves the way for a breakthrough in GaN inverter performance, which is superior to silicon and silicon-carbide-based designs for high efficiency,...
    Diodes Incorporated introduces DC-DC converters for automotive applications
    Diodes Incorporated (Diodes) has introduced an automotive-compliant AP64060Q 600mA synchronous buck converter device with an input voltage range that covers 4.5V to 40.0V, it said in a press release on 10 August. According to the press release, the DC-DC converter incorporates a 600 mΩ high-side power metal–oxide–semiconductor field-effect transistor (MOSFET) along with a 300 mΩ low-side power MOSFET so that high-efficiency step-down conversion capable of reaching 90% can be delivered, ...
    Great Wall Motor appoints distributor in Europe, plans to deliver new cars in Germany in Q4 CY2022
    Mainland Chinese carmaker Great Wall Motor (GWM) has appointed Emil Frey Group to import, distribute, and sell GWM’s WEY and ORA vehicles in the European market, according to a news report published by PANDAILY on 10 August 2022. GWM held a signing ceremony with the European car dealer on 8 August 2022, it said, adding that the two sides reached a strategic cooperation on the import and distribution as well as joint marketing of two innovative GWM products, WEY PHEV Coffee 01 and ORA...
    GAC Group to invest over USD320 million for setting up new electric drive technology company
    Mainland Chinese state-owned vehicle manufacturer GAC Group plans to set up a new company to develop and industrialize electric drive systems and hybrid electric coupling systems, a news report published by PANDAILY said on 12 August. GAC Group aims to invest CNY2.16 billion (USD320.7 million) in setting up the said company, which will be tentatively named Electric Drive Technology Company, it said, citing a company announcement on 11 August. The report further stated that the new compan...
    BorgWarner secures order from Hyundai Motor to supply integrated drive modules
    Michigan-based global supplier of powertrain systems and electric mobility solutions BorgWarner has secured a new order from South Korean carmaker Hyundai Motor Company (HMC) to supply its iDM146 integrated drive module (iDM), the company announced on 10 August 2022. BorgWarner’s iDM146 will power Hyundai’s A-segment electric vehicle (EV) platform, which is scheduled to go in production in the third quarter of 2024, it said. Commenting on the new business win from Hyundai, Dr. Stefan Demm...
    How the Inflation Reduction Act of 2022 impacts the US EV ecosystem
    On 7 August 2022, Democrats in the US Senate passed the Inflation Reduction Act of 2022, which aims to not only take control of rising inflation by reducing the fiscal deficit but also invest in domestic manufacturing of renewable energy and electric vehicles (EVs), secure the necessary supply chain, and cut down the carbon footprint by roughly 40% by 2030. The proposal made within the purview of the Inflation Reduction Act of 2022 (IRA) expects to raise about USD739 billion and invest about ...
    Inflation Reduction Act in US proposes new material sourcing conditions for EV tax credit qualification
    The US Senate on 7 August passed the Inflation Reduction Act, a USD740 billion economic package that extended the US electric federal tax credit system to 2032, removed the credit system’s cap for individual automakers, and added new material sourcing conditions for qualification of the credit. The Act provides a per-vehicle tax credit of USD3,750 only if certain critical minerals used in the batteries and motors of the EV are: Not extracted, processed, or recycled by a foreign entity...
    Continental’s Q2 2022 sales grows 13% y/y to USD9.62 billion
    Continental posted a 13% year-on-year (y/y) increase in second quarter revenue to EUR9.44 billion (USD9.62 billion), according to a press filing on 9 August. Net loss was EUR250.7 million compared to a profit of EUR545.3 million a year earlier. Research and Development expenses for the quarter was EUR738.5 million compared to EUR706.1 million last year. “The current headwind is rather like a hurricane and will not subside any time soon. Given this environment, we have performed well and bec...
    Kongsberg Automotive’s Q2 2022 revenue grows 4.73% y/y to USD229.88 million
    Kongsberg Automotive has reported first-quarter revenues at EUR225.6 million (USD229.88 million) with a year-on-year (y/y) increase of 4.73% compared to EUR215.4 million, according to a filing by the company on 9 August. Operating profit for the quarter was reported at EUR2 million, compared to EUR13 million for first quarter 2021. Net loss was reported at EUR2.8 million for second quarter 2022. Joerg Buchheim, CEO, Kongsberg Automotive, said, “The interruptions to the automotive ...
    ZF posts 9.7% y/y rise in sales for HY 2022 at USD21.69 billion
    ZF has posted a 9.7% year-on-year (y/y) increase in first half sales of fiscal 2022, according to its press release on 3 August. Sales came in at EUR21.22 billion (USD21.69 billion) compared to EUR19.34 billion a year earlier. Net profit slumped to EUR58 million, down from UR522 million last year. “The war in Ukraine, the pandemic-related lockdowns in China, the limited availability of semiconductors and significant inflation have affected our business. Our focus is on striking the right ba...
    AutoTechInsight Weekly – 08 August 2022
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    Lynas to invest USD345 million to expand rare earth capacity at Mt Weld site
    Australian rare-earths mining company Lynas Rare Earths announced via press release on 3 August plans to invest AUD500 million (USD345 million) to expand capacity at its Mt Weld rare earth mine and concentration plant. According to the press release, the expansion will involve increasing feedstock production capacity (of rare earth ores) by 12,000 tons per annum (TPA) of Neodymium Praseodymium (NdPr) equivalent by 2024 and further increasing capacity by 2,400 TPA NdPr equivalent in later stag...
    After Japan, Germany, and Sweden, BYD announces market entry in Israel
    Mainland Chinese electric vehicle (EV) maker BYD has announced its official entry in Israel as the company appointed Shlomo Motors as its national distributor in Israel, BYD said on 2 August 2022. As part of the agreement with BYD, Shlomo Motors will actively market the automaker’s range of passenger vehicles in Israel providing sales, after sales, and service support to customers. The company said that its retail partner will open many showrooms showcasing BYD’s electric cars across Isra...
    BorgWarner reports flat y/y net sales of USD3.75 billion in Q2 2022
    Michigan-based supplier of powertrain and electric mobility solutions BorgWarner has reported US GAAP net sales of USD3.759 billion for the quarter ending 30 June 2022, the company said on 3 August 2022, adding that the quarterly sales performance remained flat when compared with the same period last year. BorgWarner’s net sales for the same period last year stood at USD3.758 billion. The company, however, added that excluding the impact of foreign currencies, the 2022 acquisition of Santro...
    Dana reports Q2 2022 net sales at USD2.58 billion, up 17.27% y/y
    Dana Incorporated has reported second quarter 2022 net sales at USD2.58 billion, up 17.27% year-on-year (y/y) from USD2.20 billion in the previous year for the second quarter of 2021 for three months ended 30 June, according to a filing by the company on 3 August. Operating income for the quarter was reported at USD59 million, compared to USD113 million from the previous year. Net income was reported at USD10 million against USD53 million in second quarter 2021. James Kamsickas, Dana cha...
    Chinese EV maker BYD plans to enter Germany and Sweden
    China-based electric vehicle (EV) manufacturer BYD plans to enter Germany and Sweden with its electric and hybrid passenger car models, a news report published by ELECTRIVE on 2 August 2022 said. The company has chosen Hedin Mobility Group as its sales partner for the two countries, it added. According to the report, BYD plans to open its first showroom in Stockholm in October 2022. That said, it also plans to open several new showrooms in Germany, the first of which is expected to come up in...
    Cummins reports Q2 2022 net income at USD6.6 billion, up 8% y/y
    Cummins has reported second quarter 2022 net sales at USD6.6 billion, up 6.51% year on year (y/y) from USD6.1 billion in the previous year for three months ended 30 June, according to a filing by the company on 2 August 2022. Operating income for the quarter was reported at USD897 million. Net income was reported at USD702 million, up 17% y/y from USD600 million for the second quarter 2022. “The company achieved record revenues and solid profitability in the second quarter of 2022, with dem...
    Indian supplier Sundram Fasteners chalks out USD44.26 million capex plan to produce EV parts
    Indian automotive components supplier Sundram Fasteners have lined up capital expenditure of INR3.5 billion (USD44.26 million) to be spent over the next five years, a report published by news agency PTI said on 30 July 2022. It stated that the capex will be spent on developing and producing advanced technology components, including powertrain subassemblies for EVs as well as internal combustion engines. “The investments proposed to be made in this direction are expected to provide a major t...
    EV startup Next.e.GO Mobile plans public listing via SPAC combination
    Next.e.GO Mobile has announced a definitive agreement for a business combination with Athena Consumer Acquisition Corp which will result in e.GO publicly listing on the New York Stock Exchange, a company press release on 28 July read. The transaction is expected to generate gross proceeds of up to approximately USD285 million which will be used to fund operations and growth. “The Athena platform of SPACs is focused on bringing tomorrow’s industry leaders to the public markets today, and w...
    BMW launches second battery module production line at Leipzig plant in Germany
    BMW Group has launched the second battery module production line at its Leipzig-based plant in Germany, the company announced on 1 August 2022. The said production line is slated to supply the battery modules for the fully electric BMW i4, which is manufactured in Munich. According to the company, the first battery production line at the Leipzig plant went on stream in May 2021. The modules produced on that line are supplied for the BMW iX. The gradual expansion of electric vehicle (EV) ...
    NIO Power’s Hungary-based manufacturing plant to begin operations in September 2022
    Chinese electric vehicle (EV) maker NIO plans to commence operations at its upcoming battery swap station manufacturing plant in Hungary in September 2022, the company announced in a blog post on its website on 29 July 2022. The new plant announcement was made in the presence of Péter Szijjártó, minister of Hungarian Foreign Affairs and Trade, and Hui Zhang, vice president of NIO Europe Office, among other delegates in Budapest, Hungary. The plant will be managed by NIO’s battery swap bu...
    AutoTechInsight Weekly – 01 August 2022
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    Nidec posts 20.8% y/y growth in Q1 net sales at USD3.92 billion
    Nidec has reported a 20.8% year-on-year (y/y) rise in first-quarter net sales at JPY540.36 billion (USD3.92 billion), according to a press release dated 20 July. Net profit rose 23.5% to JPY41.32 billion while operating profit grew marginally to JPY44.66 billion. "We renewed the highest record of the quarterly consolidated accounting period, despite the continued influences of the lockdown caused by COVID-19, the Russian invasion of Ukraine, and difficulties in procuring semiconductors and ot...
    USCM to invest in US Critical Metals’ Montana and Idaho rare earths projects
    US Critical Metals Corp. (USCM) announced via press release on 26 July that its wholly owned subsidiary US Energy Metals Corp. will invest in US rare earth projects currently held by US Critical Materials Corp. (Materials Corp). According to the press release, USCM will acquire the right to a 50% equity in US Rare Elements Corp. (USRE), a new entity created to hold a 100% interest in the Sheep Creek Property in Ravalli County, Montana (Sheep and the Lemhi Pass Trail Property in Lemhi County, ...
    Indian automaker Mahindra teases 5 electric SUVs ahead of global reveal
    Indian vehicle manufacturer Mahindra and Mahindra Ltd (M&M) has released a new teaser video that shows five new electric sport utility vehicles (SUVs) slated for official unveil on 15 August 2022, a news report published by Autocar Professional said on 23 July 2022. The automaker plans to organize its big-ticket event at its newly opened Mahindra Advanced Design Europe (MADE) studio in Oxfordshire, United Kingdom. The design studio is headed by M&M’s chief designer Pratap Bose, who ...
    Early bookings for Maruti’s new Grand Vitara SUV suggest preference for strong-hybrids in India
    About 54% of the 13,000 pre-bookings recorded by India’s largest carmaker Maruti Suzuki for its recent launched Grand Vitara sport utility vehicle (SUV) are for the two strong-hybrid variants—Zeta+ and Alpha+ CVT, according to a news report published by Autocar Professional on 22 July 2022. Maruti Suzuki had commenced bookings of its 4.3-m-long SUV on 11 July 2022. Maruti Suzuki is relying on its in-house developed hybrid technology, as well as the one sourced from its alliance partner...
    Think tank Niti Aayog, COP26 launch electric mobility, battery recycling initiatives in India
    Indian think tank Niti Aayog and UN Climate Change Conference (COP26) president Alok Sharma, who was on a visit to the subcontinent on 21–22 July 2022, launched two initiatives for promoting the electric mobility in India, according to a press note issued by the Press Information Bureau (PIB India) on 21 July 2022. The initiatives include a mobile application named E-AMRIT, which stands for ‘Accelerated e-Mobility Revolution for India's Transportation’, aimed at raising awareness on ele...
    Rheinmetall issues revised annual sales guidance for 2022
    Düsseldorf-based supplier of propulsion parts and electric mobility solutions Rheinmetall AG has revised its annual sales guidance for the year amid global uncertainties, persisting supply chain constraints, and unstable raw materials prices leading to volatile production schedules shared by the vehicle manufacturers. “Against the backdrop of persistently high risks with regard to the development of global automotive production, Rheinmetall is updating its sales guidance for fiscal 2022,...
    How rapid electrification of vehicles will impact the coolant industry?
    The need to establish a sustainable global transportation system, which accounts for nearly one-third of the global carbon emissions, is leading to rapid electrification of vehicles across segments. As several countries continue to tighten the emission norms for automobiles and roll out new policies for the adoption of electric vehicles (EVs), vehicle manufacturers are increasingly investing in their respective product portfolios, supply chains, new technologies, and EV ecosystem to ensure that ...
    Software complexity starting to cost CEOs their job
    Complexity in the software has increased to a level where it has become not just difficult to debug and maintain, but it has compounded an OEM’s already difficult situation to comprehend the overall system interactions between various electronic control units (ECUs) and to properly test all the various combinations of features in a car. Most of the software in vehicles is written by suppliers that also use third-party software and work with externals, so the OEM’s control on the result is ve...
    Tesla revises investment plan, aims to spend up to USD24 million over three years
    US electric vehicle (EV) maker Tesla is expected to spend between USD6 billion and USD8 billion in 2022, 2023, and 2024, each, as the company looks to ramp up production at its new facilities in Texas and Berlin, a Reuters news report published on 26 July 2022 said. The report said that Tesla Inc has increased its capital spending plan by USD1 billion, citing a regulatory filing by the EV maker on Monday that also disclosed a second subpoena related to chief executive Elon Musk’s go-private...
    Sono Motors unveils final design of Sion solar EV, production to begin in H2 2023
    The Munich-based solar car developer Sono Motors has unveiled the series design of its Sion solar electric car, including the design of the exteriors and interiors, according to a report filed by news website ELECTRIVE on 25 July 2022. While nothing has changed in the specifications for the electric vehicle (EV) technology, the company plans to start the production of the Sion solar EV in the second half of 2023, the report mentioned. It further stated that the vehicle unveiled at a...
    Volkswagen begins production of all-electric ID.4 compact SUV at Chattanooga plant in US
    Volkswagen has commenced the production of its all-electric ID.4 compact sport utility vehicle (SUV) in Chattanooga, Tennessee, US, the automaker said on 26 July 2022, adding that the model is VW’s first electric vehicle (EV) assembled in the United States. VW said that the consumers can expect ID.4 EVs to be delivered as early as October 2022. While the EV will be available in either rear-wheel- or all-wheel-drive 82 kWh battery form initially, the carmaker plans to launch a rear-wheel-dri...
    Bosch appoints new leadership team for Mobility Solutions business
    Global automotive supplier Bosch announced on 19 July 2022 that the company is planning to restructure its ‘Mobility Solutions’ business into a business division with profit and loss responsibility with effect from 1 January 2023. Bosch further said that the company is appointing a new management team, which will be responsible for the ‘Mobility Solutions’ business and all its sub-divisions with effect from 1 October 2022. It added that the chairman of the new sector board will be Dr....
    Gestamp’s Q2 revenue rises 32.9% y/y to USD2.67 billion
    Gestamp has reported an increase of 32.9% year-on-year (y/y) in the second quarter revenue at EUR2.61 billion (USD2.67 billion), compared with EUR1.97 billion in the second quarter of 2021, according to a filing by the company on 26 July. Net income came in at EUR72 million for the second quarter of 2022 compared with EUR32 million in 2021. “The company’s results in the second quarter are solid despite a complicated market environment marked by the supply chain disruptions, micr...
    KPIT’s Q1 revenue up 21% y/y to USD86 million
    KPIT reported a 21% year-on-year (y/y) jump in first-quarter revenue at INR6.86 billion (USD86 million), according to its press filing on 26 July. Net profit during the period came in at INR854.3 million compared with INR602.5 million a year earlier. “The vehicle manufacturers are aiming to earn revenues over the life of the vehicle for sustainable growth. This change will be enabled by CASE and centralized architecture programs, essentially Software Driven Vehicles. KPIT is uniquely p...
    Sogefi reports H1 2022 revenues at USD776.2 million, up 12.3% y/y
    Milan-headquartered global supplier of suspension parts, filtration products. and air and cooling systems Sogefi Group’s consolidated revenue during the first half of 2022 is at EUR756 million (USD776.2 million), growing 12.3% year on year (y/y), the company said on 22 July 2022. “Production volumes were substantially in line with those of the first half of 2021 and the group outperformed the market, which declined by 1.8% globally and by 7.6% in Europe,” the company said in its results...
    Chinese EV maker BYD enters Japan, to debut with three electric cars
    Warren Buffet–backed mainland Chinese automaker BYD plans to enter Japan’s electric passenger car market with three electric vehicle (EV) models scheduled for commercial launch as early as January 2023, the company announced on 21 July 2022. The company said that it will debut the Japanese electric car market through its subsidiary named BYD Auto Japan Inc., which plans to launch the BYD Atto 3, BYD Dolphin. and BYD Seal next year. The announcement was made by the top company leadership t...
    AutoTechInsight Weekly – 25 July 2022
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    Toyota unveils new Crown model equipped with Toyota Teammate driver-assistance technologies
    Toyota has unveiled the new Crown model featuring Toyota Teammate suite of driver-assistance technologies, the company said in a press release on 15 July. The suite contains Advanced Drive, which supports safe driving in traffic congestion; Advanced Park (with remote function), which automatically parks and exits from a parking space in a variety of parking situations; and other safety and convenient advanced functions. The new Crown is offered via the KINTO car subscription service...
    Ford plans to produce over 2 million EVs by end-2026, signs LFP battery supply pact with CATL
    Michigan-based automaker Ford Motor Company has signed a nonbinding MoU with the world’s largest battery maker, China-based Contemporary Amperex Technology Company Ltd. (CATL) to explore a cooperation for sourcing electric vehicle (EV) batteries across the European, North American and Chinese markets, Ford announced on 21 July 2022. Ford said that CATL will supply full lithium iron phosphate or LFP battery packs for Mustang Mach-E models for North America starting next year as well as F-150...
    India’s largest carmaker Maruti Suzuki unveils first full-hybrid SUV, Grand Vitara
    India’s largest carmaker Maruti Suzuki has unveiled a new midsize sport utility vehicle (SUV), the Grand Vitara, which comes with multiple powertrain options, including a strong hybrid propulsion system, a news report published by Autocar Professional said on 20 July 2022. According to the news report, Maruti’s new SUV offers a distinct exterior design, sophisticated interiors, segment-leading features as well as an industry defining fuel-efficiency, thanks to its hybrid powertrain. It is...
    Toyota, Suzuki, Daihatsu, CJPT to roll out electric mini vans in FY2023
    Suzuki Motor Corporation, Daihatsu Motor Company Ltd., Toyota Motor Corporation, and Commercial Japan Partnership Technologies Corporation (CJPT) have announced that the companies have agreed to jointly work towards the roll out of battery electric mini commercial vans in FY 2023 to achieve carbon neutrality, a press note issued by Toyota on 19 July 2022 said. It further said that the mini-commercial battery electric van developed by these four companies will be used by partners in social imp...
    Toshiba Materials makes investment to increase production of silicon nitride balls
    Toshiba Materials has announced that it will make an investment to the tune of around JPY5 billion (USD38 million) to increase manufacturing capacity at its Yokohama site in Japan. In a press release dated 20 July, the company said that it would manufacture silicon nitride balls to cater to the electric mobility market. Production is expected to begin in November 2023 and the capacity will increase by 50% against fiscal year 2021. Significance: Silicon nitride balls are optimal for e-mobility...
    Vitesco Technologies opens new plant to produce propulsion solutions in Pune, India
    Vitesco Technologies has inaugurated a new manufacturing plant in Talegaon, near Pune, India, a news report published by Autocar Professional on 15 July 2022 said. The inauguration ceremony was attended by Klaus Hau, Member of the Executive Board at Vitesco Technologies, and Anurag Garg, managing director and country head of Vitesco Technologies India, among other dignitaries. According to the report, Vitesco Technologies’ new plant in Pune is spread across 20 acres and will employ over 900...
    Geely-backed Lotus begins production of Eletre electric luxury SUV at Wuhan plant
    Geely Group-backed British sports car brand Lotus has rolled out its Eletre electric sport utility vehicle (SUV) from the production line at the company’s new factory in Wuhan, making the luxury model the first Lotus car to be produced in China, a news report published by CarNewsChina said on 18 July 2022. The report further mentioned that the Lotus Eletre has also become one of the fastest made-in-China electric SUVs. The Lotus Eletre SUV was first unveiled on 29 March 2022 and is the firs...
    HELLA releases preliminary FY 2021/22 results; revenue declines 3.05% y/y to USD6.67 billion
    Global automotive supplier HELLA, a Forvia company has released preliminary fiscal year (FY) 2021/22 financial results for the year ended 31 May 2022, according to a filing by HELLA on 20 July. On a preliminary basis, the portfolio-adjusted sales reduced 3.05% year-on-year (y/y) to EUR6.2 billion (USD6.67 billion) compared to EUR6.4 billion from the previous year citing lower worldwide vehicle production. Adjusted EBIT was reduced to around EUR280 million compared to EUR510 million from the prev...
    Skeleton Technologies plans to build a supercapacitor plant in Leipzig, Germany
    Estonia-based battery company Skeleton Technologies plans to build Europe’s largest supercapacitor production facility in Leipzig, Germany, with the support of Siemens, according to a news report published by Electrive.com on 19 July 2022. It said that Skeleton Technologies plan to invest EUR220 million (about USD225 million) in setting up the new production plant as well as on the research and development (R&D) work at the site. Citing the company, the news report mentioned that S...
    Johnson Matthey to build USD96 million gigafactory for hydrogen fuel cell components in the UK
    British specialty chemicals company Johnson Matthey plans to build a GBP80 million (USD96 million) gigafactory at its existing site in Royston, UK, to scale up the manufacture of hydrogen fuel cell components, the company said on 18 July 2022. The company said that the proposed gigafactory will initially be capable of manufacturing 3GW of proton exchange membrane (PEM) fuel cell components annually for hydrogen vehicles. The planned facility will also be supported by the UK Government through...
    Volkswagen Group Components to expand capacity at Braunschweig plant in Germany
    Volkswagen Group Components plans to expand the production of electric vehicle (EV) components including the portfolio of battery systems, next generation steering systems and brakes, among others at its Braunschweig-based manufacturing plant, the company said on 15 July 2022. The company has also started preparing for the future SSP platform as well, it said on the sidelines of the Site Symposium on Friday last week. While the portfolio and capacity expansion are part of Volkswagen Grou...
    Ford Motor upgrades Cologne plant to produce electric cars in Europe
    Ford Motor Company’s Cologne-based manufacturing plant in Germany is being prepared to produce electric cars in Europe at a time when the assembly lines at the unit are idle on account of factory vacation, the automaker said on 15 July 2022.   The company said that the vehicle assembly lines at the Cologne plant are slated to remain idle until 1 August 2022 on account of factory vacation. However, vacation is being utilized by the company in retooling and expanding capacity to produce ...
    Hyundai Motor unveils high-performance concept cars, RN22e and N Vision 74
    South Korean carmaker Hyundai Motor Company has revealed two high-performance concept cars RN22e and N Vision 74 on 14 July 2022, giving a glimpse of its N sub-brand vision for electrification in the future. According to Hyundai, while the RN22e combines all-new IONIQ 6 and its Electric-Global Modular Platform (E‑GMP) with an intent of setting a new standard in high-performance EVs, the N Vision 74 represents a combination of EV technology with an advanced hydrogen fuel cell system, making ...
    Toyota revives ‘Crown’ brand with four all-new models, to launch crossover in Japan in 2022
    In an attempt to revive its ‘Crown’ brand, the Japanese carmaker Toyota Motor Corporation unveiled four new models at a world premier on 15 July 2022. The four new models designed and developed by the company include a sedan, an SUV, a crossover and a sport type, which focuses on offering sporty driving experience. Toyota said that the new Crown series will be rolled out in about 40 countries and regions with the Crown Crossover as the first vehicle slated for launch in Japan in November...
    Geely introduces RD6 electric pickup under an all-new lifestyle brand ‘Radar’
    Geely Group, one of the largest vehicle manufacturers in China, has launched its electric lifestyle vehicle brand named Radar Auto alongside the brand’s first electric vehicle (EV), the RD6 pickup truck, the company announced on 12 July 2022. The company said that the Radar brand is launched as an independent brand within the Geely Holding Group, which plans to provide the new EV brand with full vehicle technologies and shared components. The Radar Auto brand will also have its own Research...
    Elaphe joins Foxconn-initiated MIH consortium
    Electric vehicle (EV) propulsion technology company Elaphe has announced that it has joined the Foxconn-led MIH consortium, according to a press release on 5 July 2022. MIH Open Platform Alliance's objective is to encourage collaboration in the electric vehicle industry by developing next-generation e-Mobility technologies, establishing testing and certification standards, and bringing together alliance partners. Elaphe fits in the mix for its innovativeness, potential, and worldwide technolo...
    Sensata Technologies concludes acquisition of Dynapower for USD580 million
    Sensata Technologies has announced that it has completed the previously announced acquisition of Dynapower Company LLC, a provider of energy storage and power conversion solutions from private equity firm Pfingsten Partners for USD580 million in cash, according to a press release on 13 July 2022. “We are very pleased to bring Dynapower’s leading energy storage and power conversion solutions into Sensata’s portfolio through this acquisition,” said Jeff Cote, CEO and president of Sensat...
    AutoTechInsight Weekly – 11 July 2022
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    China’s Xiaomi may reveal first electric car prototype in August 2022
    China-based consumer electronics company Xiaomi may reveal its first electric car prototype in August 2022, a news report published by CnEVPost on 15 July 2022 said, citing a local media outlet named Sina Tech. It added that Xiaomi’s first engineering prototype would be unveiled by its founder Lei Jun, who sources close to the company said is heavily invested in the Xiaomi Auto project. The company’s car concept is expected to undergo a series of tests after its debut, including its first...
    Panasonic looks to improve battery energy density by a fifth by 2030
    Japanese battery maker Panasonic Energy Company is working on a new technology that could improve the battery energy density by a fifth by 2030, a news report published by Reuters on 13 July 2022 said, citing an interview with Panasonic’s CTO Shoichiro Watanabe. The improved battery energy density, if achieved, could boost the driving range of a Tesla Model Y, for example, by over 100 km (62 miles) with the same size battery pack, the report claimed, citing the CTO. Moreover, the technology...
    Rheinmetall secures new multi-million-dollar business to supply fuel cell components
    Düsseldorf-based supplier of propulsion parts and electric mobility solutions Rheinmetall AG has bagged a major contract to supply fuel cell components, specifically cathode valves, the company said on 13 July 2022. The order is from a Europe-based maker of fuel cells and is a mid-double-digit-million-dollar business, the company said without disclosing the actual order size. According to Rheinmetall, the order received in this contract is for the flap systems with integrated ...
    Baosteel to expand electrical steel capacity at Chinese sites with new cold rolling mills
    French industrial engineering company Fives Group announced via press release on 14 July that it will be supplying Chinese steelmaking giant with two reversible cold rolling mills for the production of electric steel. According to the press release, Fives will supply Bao with two DMS 20Hi EcoMill—a split housing mill for Bao’s Baoshan site and a monobloc mill for the company’s Wuhan site—for the manufacturing of grain-oriented (GO) and non-grain oriented (NGO) electrical steel. Whi...
    Umicore plans to build a large-scale fuel cell catalyst plant in Changshu, China
    Brussels-based materials technology company Umicore plans to invest in building a large-scale fuel cell catalyst plant in Changshu, China, the company announced on 7 July 2022. The said fuel cell catalyst plant in China is aimed at positioning the company as an early mover in securing opportunities in the fast-emerging fuel cell market in China. According to the company, the said plant will enable the accelerated transformation to hydrogen-based clean mobility, serving demand through to 2030....
    Changan, Huawei, CATL jointly launch all-new smart EV architecture CHN
    AVATR Technology, which is a premium smart electric vehicle brand jointly created by Changan Automobile, Huawei and leading battery maker Contemporary Amperex Technology Company Limited (CATL), had launched an all-new smart electric vehicle (EV) architecture called CHN as well as its first model AVATR 11 at the 24th Chongqing International Auto Show, CATL said on 25 June 2022. The high-profile event was attended by Huarong Zhu, chairman of Changan Automobile, Zhijun Xu, rotating chairman of H...
    AMTE Power, MAHLE Powertrain sign MoU to develop advanced EV propulsion systems
    AMTE Power Plc, one of the UK’s largest commercial battery cell manufacturers, has signed a memorandum of understanding (MoU) with MAHLE Powertrain, the engineering services subsidiary of German component supplier MAHLE Group, to jointly develop the next generation EV propulsion systems, AMTE Power said in an official statement on 13 July 2022. “The non-binding MoU lays the foundation for the supply of AMTE’s ultra-high-power (UHP) cells to support the development of next generation EVs...
    India’s Ola Electric unveils in-house developed Li-ion cell for EVs
    Indian EV startup Ola Electric has unveiled indigenously developed lithium-ion (Li-ion) battery cell, NMC 2170, a news report published by ET Auto on 12 July 2022 said, citing an official press release from the company. It stated that Ola Electric plans to begin the mass production of its in-house developed cell from its upcoming gigafactory in 2023. Ola Electric said that its state-of-the-art high nickel cylindrical cell uses NMC on the cathode side and graphite and silicon on the anode side...
    Hyundai Motor, partners sign MoU to develop hydrogen mobility ecosystem in Czechia
    South Korean automaker Hyundai Motor Company has signed a multilateral memorandum of understanding (MoU) with public and private parties from Korea and Czechia to support the development of a hydrogen mobility ecosystem in Czechia, Hyundai said on 29 June 2022. The carmaker was joined by the Czech hydrogen association, Hydrogen Technology Platform (HYTEP); Korea’s public-private consultative body for hydrogen, H2KOREA; and other companies from Korea and Czechia, including Hyundai Glovis Com...
    Vitesco Technologies, Renault team up to develop power electronics for EV, HEV powertrains
    French carmaker Renault Group and German supplier of powertrain and electric vehicle (EV) solutions Vitesco Technologies have signed a strategic partnership for the joint development and the production of power electronics in a ‘One Box’ for electric and hybrid powertrains, Vitesco said in a media release on 12 July 2022. Under the said agreement, both the companies plan to work together, contributing their know-how to jointly develop a power electronics concept, referred as ‘One Box’...
    US startup Canoo to supply 4,500 EVs to Walmart for last mile delivery applications
    US electric vehicle (EV) startup Canoo has signed a definitive agreement with retail major Walmart to supply 4,500 all-electric delivery vehicles, beginning with the Lifestyle Delivery Vehicle (LDV), with the option of supplying up to 10,000 units, Canoo said in a media note issued on 12 July 2022. The all-electric delivery vehicles will be deployed to deliver online orders in a sustainable way and will contribute to Walmart’s goal to achieve zero-emissions by 2040, it said. Even as the all...
    Polyplastics launches Durafide polyphenylene sulfide for laser welded automotive applications
    Global supplier of engineering thermoplastics Polyplastics has announced that it introduced polyphenylene sulfide (PPS) to achieve greater transmittance and toughness for use in laser welded applications, according to a press release on 12 July. Durafide PPS provides approximately a 6% improvement in laser transmittance which results in a wider processing window for a broad range of welding conditions. Additionally, the material offers a hardness enhancement of about 28% above conventional gr...
    Indian automaker Mahindra mulls investing in EV battery cell company to secure supplies
    Mumbai-based vehicle manufacturer Mahindra and Mahindra Ltd (M&M) could consider investing in a battery manufacturing company to secure appropriate supply of batteries for its future electric vehicle (EV) line up, a Reuters news report published on 10 July 2022 said, citing the company CEO. The comment from the M&M CEO came after the company signed a binding agreement with British International Investment (BII) to invest USD250 million each in a wholly owned subsidiary dedicated to th...
    POSCO International to set up EV parts plant in Mexico
    POSCO International has started constructing an electric vehicle (EV) parts manufacturing facility in Mexico, according to a report published by The Korea Herald on 7 July 2022. The report said that the new facility, which is being built on a site located in Ramos Arizpe in the state of Coahuila in northeastern Mexico, While the company plans to inject about KRW160 billion (USD123.2 million) in the venture through 2030 to produce and supply electric motor cores, the report said that the inves...
    Mahindra & Mahindra raises USD250 million from British International Investment for new EV company
    Indian automaker Mahindra and Mahindra Ltd (M&M) has signed a binding agreement with British International Investment (BII), the UK’s Development Finance Institution and impact investor, to invest up to INR1,925 crore (USD250 million) each into a wholly owned subsidiary of M&M that will be newly set up to focus on electric cars, M&M announced on 7 July 2022. According to M&M, BII plans to invest up to USD250 million in the form of compulsory convertible instruments at a valu...
    Ford recalls over 100,000 vehicles in the US owing to the risk of under-hood fires
    Ford has recalled select model year (MY) 2020–22 Escape, Maverick, and Corsair cars owing to the risk of under-hood fires, The Verge reported on 10 July. The recall affects over 100,000 vehicles in the US, all of which are hybrid and plug-in hybrid models. Ford has reportedly said that the printed circuit boards are susceptible to an electrical short leading to engine fires even when the ignition is not on. The company says it has reports of 21 fires and one injury. Significance: In...
    Chinese carmaker SAIC, startup ChingTao Energy to work jointly on solid-state EV batteries
    SAIC Group and startup ChingTao Energy Development have set up a joint battery development facility to develop solid-state batteries in China, the world’s largest EV market, a news report published by CNEVPOST on 6 July 2022 said. SAIC and ChingTao will focus on the mass production of solid-state batteries that are expected to be capable of delivering a driving range of more than 1,000 kilometers on a single charge along with fast-charging technology and high safety against fire risks, the ...
    Marelli develops a new 800V silicon carbide (SiC) inverter platform
    Leading global automotive supplier of powertrain, thermal, and lighting components, Marelli, has developed a new platform of 800 Volt Silicon Carbide (SiC) inverters, the company announced on 7 July 2022. It said that the new 800V SiC inverter ensures improvements in terms of size, weight, and efficiency, which is a critical parameter for powertrain in electric vehicles. Marelli unveiled the 800V inverter platform for the first time at the International VDI Congress Dritev, also known as Driv...
    MAHLE Powertrain sets up new vehicle, battery test facilities in Northampton, UK
    MAHLE Powertrain has opened two new R&D facilities in Northampton, UK, further building upon its propulsion engineering capabilities, the company announced on 7 July 2022. It said that the purpose-built facilities allow MAHLE Powertrain to support its customers in the development and research of new vehicles, batteries, and hydrogen technologies. Notably, the new R&D facilities, which would be capable of conducting rigorous tests even under the most extreme simulated environmental con...
    AutoTechInsight Weekly – 11 July 2022
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    India’s largest carmaker Maruti Suzuki plans to launch first mass market EV in 2025
    India’s largest carmaker Maruti Suzuki India Ltd (MSIL) is working to launch its first mass market electric vehicle (EV) in the local market in 2025, according to a report filed by news publication Economic Times (ET) on 4 July 2022. The company, which had stopped manufacturing diesel cars when India shifted to Bharat Stage-VI (BS-VI) emission norms in April 2020, plans to phase out vehicles that run purely on the gasoline engines, the report said. The move is part of the automaker’s...
    Renault inaugurates new electric motor production line at Cléon-based plant in France
    French carmaker Renault has inaugurated a new ‘ePT-160kW’ electric motor production line at its Cléon-based plant in France, the company announced on 5 July 2022. The event, which marked a new step in the carmaker’s transformation towards electrification, was attended by Jose Vicente de los Mozos, Industrial director of the Renault Group, and other company employees. Renault said that it has invested EUR620 million (over USD633 million) at its Cléon-based plant since 2018 in order to ...
    BMW Group plans to develop and produce e-drives at Steyr-based plant in Austria
    German luxury automaker BMW Group plans to design, develop and manufacture the next generation electric drives at its Steyr-based plant in Austria from 2025, the company announced on 20 June 2022. BMW said that it plans to invest around EUR1 billion (USD1.03 billion) in building its competence in this area through the decade. The automaker aims to make its Steyr-based plant in Upper Austria the leading drivetrain facility within its global production network, besides significantly increasing ...
    Fraunhofer Research Institute promotes recycled magnet for electric motors
    Researchers at the Fraunhofer Research Institution for Materials Recycling and Resource Strategies IWKS are working on a project named ‘FUNMAG’, which demonstrates that recycled magnets can be used to power engines in the e-mobility sector, without any loss of power, a note released by Fraunhofer IWKS said on 1 July 2022. The researchers at Fraunhofer institute, through the project, are also keen to show that establishing a value chain for large-scale magnet recycling will pay off. While ...
    Mercedes-Benz aligns global production network to manufacture luxury EVs
    German luxury carmaker Mercedes-Benz has laid out a detailed plan to align its global production network to manufacture its all-new product portfolio focused on luxury electric vehicles (EVs), the company said in an announcement on 29 June 2022. It is known that Mercedes-Benz plans to go all electric by the end of the decade, wherever market conditions allow, by focusing on three vehicle categories—top-end luxury, core luxury, and entry luxury, as outlined in the company’s Economics of De...
    MAHLE develops all-new superior continuous torque electric motor for BEVs
    German automotive supplier MAHLE GmbH has developed an all-new superior continuous torque (SCT) electric motor that can run indefinitely and deliver high performance, the company said on 4 July 2022. According to MAHLE, a new cooling concept makes this technological leap possible, ensuring that the traction motor is clean, light, and efficient and can be assembled without the use of rare earths by customer request. While the new electric motor is suitable for passenger cars, commercial veh...
    Owners of Schaeffler Group raise stake in Vitesco Technologies to almost 50%
    The owners of Germany’s Schaeffler Group, the Schaeffler family, has raised their stake in Continental’s former powertrain division Vitesco Technologies AG to just under 50%, MarketWatch reported on 4 July 2022, citing the family’s holding company IHO. According to the report, the Schaeffler family, which controls the automotive components supplier Schaeffler AG, has acquired around 1.6 million shares in Vitesco Technologies, bringing its shareholding to 39.99%, from 35.89% previou...
    AutoTechInsight Weekly – 4 July 2022
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    GAC GROUP unveils new battery, propulsion, connectivity technologies at 2022 GAC Tech Day
    GAC GROUP has launched new features applicable to mass production in the fields of intelligent connectivity, battery, and powertrain technology at the 2022 GAC Tech Day, it said in a press release on 1 July. GAC showcased the Psi Operating System (OS) based on the X-SOUL Electrical and electronic architecture, a new ADiGO Ecosystem expanded to include a smart cockpit solution and driving assistance technologies. GAC launched its new-generation super iron lithium battery built on microcrystalline...
    Stellantis-Nidec equal JV company to start production of electric motors in France in 2022
    Italian-American automaker Stellantis N.V. said on 29 June 2022 that its 50-50 joint venture with Nidec Leroy-Somer Holding plans to start the production of electric motors in 2022 at the carmaker’s Trémery-based component manufacturing plant in France. The factory is known for producing diesel engines earlier and is touted to be one of the largest diesel engine plants in the world. However, Stellantis currently produces electric motors at the site, which has seen the carmaker invest EUR93...
    Volkswagen unveils first fully electric premium midsize sedan ID.AERO
    In a world premiere on 27 June 2022, German automaker Volkswagen (VW) unveiled its ID.AERO concept car in mainland China. While VW plans to position the ID.AERO in the premium midsize sedan segment, the automaker refers to the new concept as the brand’s first fully electric global sedan. VW said that while the production version of the ID.AERO is slated to go on sale in mainland China in second half 2023, the European version of the flagship model is planned for production at the company'...
    GKN Automotive launches next-generation inverter for 800V EV technology
    UK-based global supplier of automotive electric drive systems GKN Automotive has launched its next-generation inverter, offering vehicle manufacturers one of the most advanced 800V electric vehicle (EV) technologies available, the company said on 30 June 2022. According to GKN, the next-gen inverter, which is one of three modular elements of its leading eDrive platform, offers a 20% power output increase over the previous version. That said, GKN’s all-new inverter has an improved ...
    Volvo Cars to invest USD1.25 billion in building a new electric car plant in Slovakia
    Swedish carmaker Volvo Cars plans to invest EUR1.20 billion (USD1.25 billion) in setting up an all-new electric vehicle (EV) plant in Slovakia, the company announced on 1 July 2022. The proposed EV production facility in Slovakia, which will be Volvo Cars’ third manufacturing plant in Europe, will be located close to Kosice, in the eastern part of Slovakia. According to the company, the chosen location for the upcoming plant will benefit the production facility from a well-established aut...
    Audi FAW NEV Company lays foundation stone for EV factory in Changchun, China
    Audi FAW NEV Company has laid the foundation stone for its all-new factory, which will roll out all-electric Audi cars, in Changchun, China, the company announced on 29 June 2022. The upcoming factory is slated to produce EV models based on Audi’s PPE (Premium Platform Electric) technology platform for the Chinese market, it said. While the construction of the proposed EV factory has already begun, the facility is expected to be ready by end of 2024 and will become the first automotive plan...
    General Motors shuts down Factory Zero for four weeks to expand capacity
    General Motors will shut down its Factory Zero in Detroit for four weeks, starting 27 June, as it plans to expand the capacity to produce more battery-electric vehicles (BEVs), a report published by news publication The Detroit Bureau on 23 June 2022 said. GM’s Factory Zero currently produces the electric Hummer pickup truck. “GM will expand production capacity at Factory Zero sooner than originally planned by pulling forward the installation of tooling, machinery, and equipment. These up...
    Stellantis invests USD34.9 million on setting up two global testing hubs
    Italian–American automaker Stellantis has invested EUR33 million (USD34.9 million) in setting up two global testing facilities to support the development of electric and autonomous vehicles, the company said on 20 June 2022. The company said that the investments are part of its global long-term strategy to achieve best-in-class electric vehicle (EV) performance and highest level of self-driving technology while ensuring safety and reliability for customers. According to the company,...
    AutoTechInsight Weekly – 27 June 2022
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    Britishvolt to develop 4690 battery cells for high performance EVs
    UK-based EV battery technology company Britishvolt plans to develop the next-generation, large-format, 4690 (diameter X height) lithium-ion advanced battery cells for high performance requirements, the company announced on 24 June 2022. It said that the prototype development of the 4690-format battery cell will begin with digital-twin modeling before being transferred to the recently acquired EAS facility in Germany for further development. From there, the concept will be transferred back to ...
    FEV, ProLogium Technology sign MoU to jointly develop solid-state batteries
    German automotive engineering services provider FEV and Taiwanese solid-state battery technology company ProLogium Technology have signed a memorandum of understanding (MoU) to jointly develop solid-state battery systems, FEV announced on 23 June 2022. In its official note, FEV said that both the parties are leveraging their expertise to jointly develop energy storage systems (ESS) based on ProLogium’s unique solid-state batteries (SSBs) technology. Under the MoU between the two companies, ...
    Audi plans to produce electric drives for VW’s MEB ECO platform in Hungary
    Audi’s Hungary unit plans to produce electric drives for Volkswagen’s (VW's) new MEB ECO platform (modular electric-drive toolkit), which is aimed at the development of VW Group’s small-sized electric cars, the company said in a press announcement on 21 June 2022. The company said that it plans to set up a new manufacturing facility for the production of new electric drives. The production operations are expected to start in 2025 in Győr, it added. The company further added that the pr...
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