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    Unable to find investors, Britishvolt files for insolvency
    Battery startup Britishvolt filed a notice to appoint an administrator in the insolvency courts in the UK on January 17, 2023, after failing to raise funds from new and existing investors to keep the business afloat. While a majority of 300 existing employees have lost their jobs as an immediate consequence of Britishvolt’s liquidation, the development is also being seen as a blow to the UK government’s efforts of establishing a flourishing ecosystem for electric vehicle (EV) and battery man...
    Talking Heads: CES – the wrap
    In 2023, some 300 exhibitors showcased their vehicle technology. Its increasing importance – usurping the traditional auto shows like NAIAS, Paris, IAA and Geneva along the way – is demonstrated if we wind back the clock to 2014. Then, there were just nine OEMs present and some 125 automotive technology exhibitors. With this growth has also come maturity. The 2023 CES was less about fanciful concepts and more about tangible. Click the link above to download the full article.
    Nissan plans to invest in Renault Group’s EV and software division Ampere
    Japanese automaker Nissan Motor Corporation said on 30 January 2023 that it plans to invest in Ampere, the electric vehicle (EV) and software division of the French carmaker and its ally Renault Group, with an aim of becoming a strategic shareholder. The plan is part of three-stage that Nissan and Renault are taking to strengthen the ties of the Alliance and maximize value creation for all stakeholders, both the company said in a joint statement Monday. The two companies plan to work joint...
    Toyota selects Turkey plant to produce PHEVs, batteries in Europe
    Japanese automaker Toyota’s European arm said on 30 January 2023 that the company plans to produce the second-generation Toyota C-HR at Toyota Motor Manufacturing Turkey (TMMT) in Sakarya, Turkey. In addition, TMMT will be Toyota’s first European plant to start producing plug-in hybrid vehicles (PHEVs), and the first to be equipped with a battery production line. TMMT is slated to produce the Toyota C-HR in hybrid as well as PHEV versions, which will make the model first PHEV passeng...
    AutoTechInsight Weekly – 30 January 2023
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    Suzuki Motor Corporation chalks out global EV strategy for FY 2030
    Revealing its global electric vehicle (EV) strategy for fiscal year (FY) 2030 on 26 January 2023, Japanese automaker Suzuki Motor Corporation said it plans to achieve carbon neutrality in Japan and Europe by 2050 and in India by 2070, based on the target set by the respective governments. To achieve the same, the company said that it plans to focus on creating solutions that are unique to Suzuki, which are to develop products and services focused on the customer and grow along with the operat...
    Webasto launches electrical battery thermal management module
    German automotive supplier Webasto has launched its innovative electrical battery thermal management (eBTM) module for traction batteries in electric vehicles (EVs) and machines, the company said on 18 January 2023. Webasto claims that the all-new eBTM is a compact and scalable thermal management solution that increases the performance and service life of traction batteries in EVs and machines. The company said that eBTM complements its product portfolio with a compact and scalable system tha...
    AutoTechInsight Weekly – 23 January 2023
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    Volkswagen drops heat pump from ID range due to semiconductor shortage
    Europe’s largest carmaker Volkswagen (VW) has stopped offering the optional heat pump in its electric cars under the ID range, according to a news report published by online news portal ELECTRIVE on 19 January 2023. The report said that VW has dropped the heat pumps from its ID series for the time being due to the persisting shortage of semiconductors. Interestingly, the automaker has also confirmed the reason to the publication. Citing VW’s response, the report said, “Due to the ongoin...
    Stellantis, Vulcan Energy Resources sign term sheet to develop geothermal projects in Europe
    Stellantis N.V. and Vulcan Energy Resources Limited have signed a binding term sheet for the first phase of a multiphase project to develop new geothermal projects aimed at decarbonizing the energy mix of the carmaker’s Rüsselsheim-based industrial site in Germany, Stellantis said on 17 January 2023. Notably, Stellantis’s Rüsselsheim site is home to both the DS4 and Opel Astra brands. The company estimates that the project with Vulcan could provide a significant portion of the industria...
    India Auto Expo 2023: BYD plans to launch battery electric sedan Seal in India by Q4 CY2023
    Chinese electric vehicle (EV) maker BYD has confirmed that the company will launch its electric sedan Seal by the fourth quarter of 2023, with deliveries also scheduled to commence around the same time, according to a news report published by Autocar India on 11 January 2023. The BYD Seal is based on the company’s e-Platform 3.0 and comes with two battery packs—a 61.4kWh unit and an 82.5 kWh unit. While the former has a claimed driving range of 550 km, the latter battery variant can provi...
    Chinese EV maker BYD to set up auto component manufacturing plant in Vietnam
    Chinese electric vehicle (EV) maker BYD Auto Co plans to set up an automotive component manufacturing facility in Vietnam, according to a news report published by the news agency Reuters on 13 January 2023. The news report cited three people aware of the company plans. The report said that BYD’s plan of setting up an auto parts manufacturing plant in Vietnam is part of its larger strategy to diversify from China and deepen its supply chain footprints in the emerging Southeast Asian markets ...
    AutoTechInsight Weekly – 16 January 2023
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    Talking Heads: CES – the wrap
    In 2023, some 300 exhibitors showcased their vehicle technology. Its increasing importance – usurping the traditional auto shows like NAIAS, Paris, IAA and Geneva along the way – is demonstrated if we wind back the clock to 2014. Then, there were just nine OEMs present and some 125 automotive technology exhibitors. With this growth has also come maturity. The 2023 CES was less about fanciful concepts and more about tangible. Click the link above to download the full article.
    India Auto Expo 2023: Tata Motors plans to expand EV portfolio
    India’s leading automaker Tata Motors plans to expand its electric vehicle (EV) portfolio with new models and higher price points, according to a news report published by Reuters on 11 January 2023. The report cited the company managing director Shailesh Chandra, who said that Tata Motors aims to cement its position as the top selling electric car company in India. Chandra also told the publication that the carmaker plans to develop and offer EVs to address the needs of a range of buye...
    India Auto Expo 2023: Tata Motors unveils Harrier EV concept, Sierra EV to go on sale in 2025
    Tata Motors Ltd has unveiled the Harrier electric sport utility vehicle (SUV) concept on 11 January 2023 at the ongoing Auto Expo in New Delhi. The Harrier electric vehicle (EV) has been unveiled in a close-to-production guise and is slated to go on sale in India in 2024, according to a news report published by Autocar India on 11 January 2023. The report stated that the Tata Harrier EV concept carries over the Land Rover-derived Omega architecture used by the internal combustion engine (ICE)...
    India Auto Expo 2023: Maruti Suzuki unveils eVX electric SUV concept
    India’s largest carmaker Maruti Suzuki has unveiled eVX electric sport utility vehicle (SUV) concept on 11 January 2023 at the ongoing New Delhi Auto Expo. The concept eVX is a mid-size electric SUV concept designed and developed by Suzuki Motor Corporation, Japan offering futuristic SUV design elements with an upright posture and commanding high seating, the company said in an official note on 11 January 2023. The concept electric SUV eVX will be powered by a 60-kWh battery pack offering u...
    India Auto Expo 2023: Highlights from French suppliers
    In a release dated 10 January, French suppliers updated on their participation in the Auto Expo 0223 in New Delhi, as a part of a notice from Business France India—the trade and investment commission of the French Embassy in India. Among the participating companies, Plastic Omnium will showcase its latest electrification and hydrogen solutions. Until now, it had only focused on traditional and hybrid fuel systems and emission reduction systems in the Indian domestic market. At the Auto E...
    Xiaomi may launch its first electric car by end 2023
    Chinese smartphone maker Xiaomi is developing two electric vehicle (EV) models, with the first model being an electric midsized sedan estimated to be priced around CNY300,000 (about USD44,000), according to a news report published by CnEVPost on 6 January 2023. The report cited a local media outlet named LatePost. The report stated that Xiaomi's first model, which is an electric midsized sedan, is internally codenamed Modena and will be offered in two versions wherein the lower-priced version...
    CES 2023: Stellantis unveils Ram 1500 Revolution battery electric pickup concept
    Stellantis unveiled an all-electric pick-up concept Ram 1500 Revolution battery-electric vehicle (BEV) on 5 January at CES 2023. The Ram 1500 Revolution concept provides a glimpse of Ram’s electric vehicle (EV) roadmap as the brand transitions to electrify its portfolio of pick-up trucks and commercial vehicles, the company said in a media note issued on the same day. The company said that the Ram 1500 Revolution concept is developed on the new STLA frame body-on-frame architecture and inco...
    AutoTechInsight Weekly – 9 January 2023
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    ZF develops an innovative heated seat belt for EVs
    German automotive component and system solutions supplier ZF has developed a heated seat belt for electric vehicles (EVs) that can enhance the battery’s driving range by up to 15%, the company announced on 5 January 2023. The improvement in driving range is achieved by reducing the energy that is consumed in heating the vehicles in cold weather. The innovative solution’s energy efficiency is calculated in comparison with other contact heaters such as a seat heater. “During cold weath...
    Visual interaction is moving to the forefront of HMI design
    Automotive display HMI is growing in demand owning to convenience features and enhancing customer experience. Moreover, in the coming years development of multi-display will not only provide greater freedom of information usage and control between driver and passenger, but it will also reduce product development complexities and costs for automakers. Although, in real-terms automakers will invest more during the initial years to gain longer-term benefits. Automakers are also engaged in the devel...
    AutoTechInsight Weekly – 2 January 2023
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    AutoTechInsight Weekly – 26 December 2022
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    Indian auto component industry grows 35% y/y in H1 FY 2023, reports ACMA
    The Indian auto component manufacturing industry’s turnover in the first half of fiscal 2022–23 stood at USD33.8 billion, registering a growth of 34.8% y/y over the first half of fiscal year (FY) 2022, Automotive Component Manufacturers Association of India (ACMA) reported on 21 December 2022 while disclosing its findings of the industry performance review. Commenting on the performance of the auto component industry in India, Vinnie Mehta, Director General, ACMA said, “With vehicle sal...
    Audi plans to upgrade all factories globally to produce EVs by 2029
    Volkswagen’s premium car brand Audi is retooling its global facilities to prepare them for the production of all electric cars, the company said in an official statement on 20 December 2022. The move is part of Audi’s Vorsprung 2030 corporate strategy, which also entails the company’s ambition to roll out only EVs from 2026 and phase out all of its combustion models by 2033. Commenting on Audi’s global EV roll out, Audi Board Member for Production and Logistics Gerd Walker, said, “S...
    BorgWarner spins off fuel systems, aftermarket businesses to sharpen EV focus
    In an attempt to sharpen its focus on electric vehicle (EV) technologies while accelerating growth under the “Charging Forward” strategy, the Michigan-based automotive component supplier BorgWarner Inc. said on December 6, 2022, that it plans to spin off its fuel systems and aftermarket businesses into a separate, publicly traded company (NewCo). The announcement comes amid the ongoing global shift to EVs as both automakers and component suppliers transition supply chains and their respec...
    SVOLT Energy unveils innovative Dragon Armor Battery concept
    Chinese battery maker Svolt Energy has unveiled an innovative battery pack construction that it calls Dragon Armor Battery concept that not only makes the electric vehicle (EV) batteries safer but also enhances the driving range, according to a news report published by CnEVPost on 16 December 2022. The report stated that SVOLT uncovered the Dragon Armor Battery concept for the first time at its third Battery Day organized in Changzhou, Jiangsu province, China on 15 December 2022. Interestingl...
    BorgWarner aims to cut down its Scope 3 emissions by at least 25% by 2031
    Michigan-based global automotive component supplier BorgWarner plans to reduce its absolute Scope 3 emissions by at least 25% by 2031 from a 2021 baseline, the company announced on 15 December 2022. The company said that it has formally submitted its Scope 3 target, along with the previously announced target to achieve 85% absolute Scope 1 and Scope 2 emissions reduction by 2030 (from a 2021 baseline), for validation to the Science Based Target initiative (SBTi). BorgWarner added that these s...
    Webasto reports new orders worth USD3 billion for EV, thermal solutions in 2022
    Germany-based auto component supplier Webasto Group said on 15 December 2022 that the company has received new orders worth EUR2.8 billion (about USD3 billion) for its battery, charging, and electric heating systems in the last 12 months. “The incoming orders for CY2022 in this field of business have therefore more than doubled compared with the previous year,” Webasto said, adding that the order book indicates how the company is pivoting to implement its strategy of making electric vehic...
    AutoTechInsight Weekly – 19 December 2022
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    Mahindra & Mahindra to invest USD1.2 billion on setting up an EV plant in Pune, India
    India’s leading sport utility vehicle (SUV) manufacturer Mahindra & Mahindra Ltd. (M&M) plans to invest INR100 billion (USD1.2 billion) on setting up an electric vehicle (EV) production facility in Pune, India, the company announced on 14 December 2022. The investment plan has also been approved under the Maharashtra Government’s industrial promotion scheme for EVs, M&M said in its official statement Wednesday. The planned investments will be made through M&M’s...
    BorgWarner to display advanced EV solutions at 2023 Auto Expo Components Show in New Delhi
    Michigan-based global supplier of powertrain technologies and EV components, BorgWarner plans to participate at the upcoming 2023 Auto Expo Components show in New Delhi, India next month. The company plans to showcase a broad range of technologies that support vehicle electrification including battery systems, charging stations, electric motors, integrated drive modules, power electronics and high-performance thermal management products like the high voltage coolant heater, among others, BorgWar...
    Nidec opens R&D center in Bulgaria to develop in-vehicle inverters
    Japanese electric motor manufacturer Nidec’s European arm Nidec Elesys Corporation plans to open a research and development center in Sofia, Republic of Bulgaria, the company said on 2 December 2022. The opening ceremony of the research and development (R&D) center was attended by the president Rumen Radev, along with several other delegates and senior company executives. The company said that it plans to develop automotive inverters, on-board and off-board chargers at the new facility ...
    AutoTechInsight Weekly – 12 December 2022
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    Volkswagen’s next-generation MEB platform to improve driving range, charging times
    Europe’s largest carmaker Volkswagen (VW) plans to make significant investments in further developing its existing electric vehicle (EV) platform modular electric drive system (MEB) to MEB+, the company said in its official blog post on its website on 6 December 2022. With the development of MEB+, VW aims to improve the charging and storage technology, besides its digital infrastructure. “The MEB+ will use Volkswagen’s new generation of batteries—the so-called unit cell—and enable r...
    Volkswagen to invest USD483 million to ramp up EV production capacity at Wolfsburg plant
    Europe’s largest carmaker Volkswagen plans to make an initial investment of about EUR460 million (USD482 million) to ramp up the electric vehicle (EV) manufacturing capacity at its Wolfsburg plant by 2025, the company said on 7 December 2022. The plan was announced by the CEO Thomas Schäfer on Wednesday at an event in Wolfsburg. “The investment is primarily earmarked for preparations to produce the new ID.3,” VW said in a statement Wednesday, adding that the compact elec...
    BorgWarner to spin-off Fuel Systems and Aftermarket business into separate company
    Michigan-based global supplier of powertrain technologies, BorgWarner, has announced its intention to execute a tax-free spinoff of its fuel systems and aftermarket segments into a separate, publicly traded company (“NewCo”), according to a press release dated 6 December. “The intended separation supports optimizing our combustion portfolio and advancing our electrification journey while NewCo would be able to pursue growth opportunities in alternative fuels, such as hydrogen, and in Af...
    Great Wall Motor to almost double EV investments in Thailand
    Chinese carmaker Great Wall Motor plans to double its electric vehicle (EV) investments in Thailand as the company looks to expand its operations in the country, according to a news report published by Nikkei Asia on 15 November 2022. Great Wall Motor, which entered the Thai market about two years ago, had invested THB12 billion (over USD 344 million) to set up a plant to produce EVs. The said facility employs more than 3,000 people. Citing Narong Sritalayon, managing director of Great Wal...
    AutoTechInsight Weekly – 5 December 2022
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    Honeywell, Nexceris plans to co-develop sensor-based solutions to prevent thermal runaway in EVs
    In a press release on 1 December 2022, Honeywell has announced that it is expanding its strategic alliance with Nexceris to codevelop sensor based solutions to help prevent conditions leading to thermal runaway in electric vehicle (EV) batteries, a phenomenon that causes extremely high temperatures within the battery cell and can result in a fire. "As the world transitions to electric powered vehicles, automakers are faced with the need to provide lithium-ion batteries that function properly ...
    Ford invests over USD182 million at Halewood factory to support EV transition in Europe
    Ford Motor Company plans to invest a total of GBP150 million (over USD182 million) at its Halewood plant in the UK to support its electrification strategy in Europe, the carmaker said on 1 December 2022. The fresh investment entails a further GBP125 million in its Halewood facility, on Merseyside increasing capacity by 70%, and another GBP24 million on supporting E:PRiME product development center, the company said. According to the company, the new commitment takes the total investment in en...
    Ford records cumulative production of 150,000 Mustang Mach-Es, seeks rapid capacity expansion
    Ford Motor Company announced on 30 November 2022 that the company has cumulatively produced 150,000 units of its popular electric car Mustang Mach-E, a significant milestone achieved within two years of commencing the series production of the electric vehicle (EV) model. The announcement comes at a time when the US automaker is on its way to rapidly scale up its EV production capacity to achieve a rate of 600,000 units per year by late 2023 and more than 2 million units per year by 2026....
    MAHLE records an order book of USD1.45 billion from electric A/C compressors
    German supplier of powertrain, thermal, and electronic components MAHLE said on 29 November 2022 that the company has clocked a total order volume of about EUR1.4 billion (USD1.45 billion) for its electric A/C compressor, successfully establishing the company among the leading suppliers of electric mobility. “The technology group from Stuttgart has already secured numerous series orders in the passenger car and commercial vehicle sectors,” the company said, referring to its in-house ...
    Valmet Automotive commences series production of Lightyear 0
    Finnish vehicle manufacturer Valmet Automotive has commenced the series production of the Lightyear 0, the solar energy powered electric vehicle (EV), at its Uusikaupunki plant in Finland, the company announced on 30 November 2022. The company said that the ceremony marking the start of production was attended by more than 100 guests, media delegates, and the top management of both Lightyear and Valmet Automotive at the Uusikaupunki plant. The series production of the EV is the result of the ...
    Volkswagen exploring partnership with Foxconn to develop EVs under Scout brand
    Europe’s largest carmaker Volkswagen AG may partner Taiwan’s Foxconn to make electric pickup trucks and sport utility vehicles in the US, a news report published by Bloomberg said on 29 November 2022. The news report, which cited undisclosed sources aware of the matter, was first published by German automotive news publication named Automobilwoche on Tuesday. According to the report, VW is in talks with Foxconn to produce EV models positioned under its Scout brand in the US. It also added...
    Schaeffler opens new technology center in Pune to develop solutions for electric mobility
    German auto component major Schaeffler has inaugurated a new center of competence in software and electronics development in Pune, India, the company announced on 28 November 2022. The new technology center will help the company expand its capabilities in the areas of developing software and electronic solutions for electric mobility and chassis applications. Schaeffler said that the newly opened competence center in Pune will be a strategically important part of its strong international rese...
    How challenging will the proposed Euro 7 norms be for the industry to comply with?
    On 9 November 2022, the European Commission presented a proposal to implement Euro 7 emission norms in Europe for new light duty vehicles (cars and vans) from 1 July 2025 and for heavy-duty vehicles (lorries and buses) from 1 July 2027. Succeeding Euro 6 norms, which was implemented in 2014, the Euro 7 mandate is going to be the final set of regulations for the internal combustion engines (ICEs), before new gas-powered cars and vans are phased out from production and sales by 2035 in Europe. ...
    Update on the semiconductor shortage and outlook for 2023 and beyond
    From the first rumblings out of China in December 2020 the semiconductor has gone on to dominate discussions around the automotive sector. The issues are still ongoing – just last week Jaguar Land Rover announced it was slowing production of certain models due to a continuing supply squeeze – and a few voices in the industry are being heard speculating that the crunch will last until 2026. To get a perspective on the current situation and future developments we talked with Jeremie Bouchaud, ...
    AutoTechInsight Weekly – 28 November 2022
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    Mazda announces midterm management policy, to invest USD10.6 billion on EVs
    Announcing its midterm management policy on 22 November 2022, Japanese vehicle manufacturer Mazda Motor Corporation disclosed that it plans to invest USD10.6 billion in developing electric vehicles (EVs). The company said it is also considering investing in battery production. Mazda’s midterm policy entails the vehicle manufacturer’s goals and milestones spread until 2030. One of these goals include Mazda raising its EV sales target to achieve up to 40% of its total global sales by 2030. ...
    General Motors plans to grow EV production capacity to 1 million units in North America by 2025
    US carmaker General Motors Company estimates that its growing electric vehicle (EV) portfolio will become profitable in 2025 in North America as it will scale up its EV capacity in the region to more than 1 million units per annum, the company announced on 17 November 2022, on the sidelines of an investor meet in New York. GM said it plans to expand EV production capacity along with ramping up its software revenue opportunities while generating significant greenhouse gas (GHG) benefits and re...
    General Motors plans to roll out first Ultium-based EV in China under Buick brand
    General Motors (GM) plans to introduce its first Ultium-based electric vehicle (EV) in China under Buick brand later this year, according to a media note released by the carmaker on 23 November 2022. It added that the deliveries of the five-seat electric sport utility vehicle (SUV) developed on GM’s Ultium platform is scheduled to begin in the first half of 2023. The carmaker plans to launch its second Ultium-powered EV in the world’s largest EV market in 2023. “With the highly flexi...
    Mazda Motor Corporation onboards several partners to develop electric drive units
    Japanese vehicle manufacturer Mazda Motor Corporation is currently working with several partner companies on the development and production of electric drive units (EDUs), the company announced on 22 November 2022. The development of EDU is part of a larger joint partnership work that entails developing a range of technologies for electric vehicles (EVs) and other associated research projects also designed to stimulate the local economy while contributing to the local industry and innovation....
    ZF unveils innovative electric drives for passenger cars, light commercial vehicles
    German automotive component supplier ZF unveiled the latest generation of electric drives for light duty electric vehicles, including passenger cars and light commercial vehicles, on the sidelines of a corporate and technology presentation the company leadership gave to the media and analysts on 21 November 2022. The company said that it has developed a new electric drive platform that delivers outstanding power density and energy efficiency, thanks to the new innovations at component as well...
    AutoTechInsight Weekly – 21 November 2022
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    LA Auto Show 2022: Toyota reveals bZ compact SUV concept
    Toyota’s new bZ compact SUV concept has just made its global debut at the ongoing 2022 Los Angeles Auto Show, the company said on 17 November 2022. The all-new compact sport utility vehicle (SUV) concept provides a glimpse into how Toyota plans to extend the company’s vision under the "bZ" or "Beyond Zero" umbrella. According to the company, the bZ compact SUV concept is designed as a zero-emission vehicle made of low-impact, sustainable materials. At the same time, the concept also ...
    European Commission proposes implementation of Euro 7 standards for cars from July 2025
    The European Commission has presented a proposal to implement Euro 7 emission norms for new cars and vans from 1 July 2025 and new heavy-duty vehicles such as lorries, trucks, and buses from 1 July 2027, according to a media note released by the Commission on 10 November 2022. Besides the tailpipe emissions, the Euro 7 proposal also includes emissions from brakes and tyres and therefore also covers electric vehicles too in its purview. The battery electric vehicles (BEVs) also still caus...
    BorgWarner reports Q3 2022 net sales at USD4 billion, up 19% y/y
    Michigan-based automotive component supplier BorgWarner has reported third quarter 2022 net sales at USD4,060 million, recording a growth of 19% over the corresponding period last fiscal, the company said on 27 October 2022. BorgWarner had reported net sales of USD3,416 million in third quarter 2021. That said, according to the company, its organic sales during the period grew 29% compared with third quarter 2021. This was calculated after excluding the impact of foreign currencies, the 2022 ...
    Chinese EV maker NIO plans to roll out five new electric cars in H1 2023
    Chinese EV maker NIO plans to roll out five new electric cars in the first half of 2023 and by June 2023, the company will have a total of eight EV models in its portfolio, according to a news report published by CnEVPost on 10 November 2022. The disclosure came on the sidelines of the third quarter financial results reported by the company last week. Nio’s total EV deliveries were at 31,607 units in third quarter 2022, comprising of 22,859 units of its electric SUVs and 8,748 uni...
    AutoTechInsight Weekly – 14 November 2022
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    TI Fluid launches new thermoplastic refrigerant line for EVs
    British manufacturer of automotive fluid storage, carrying and delivery systems TI Fluid announced via press release the launch of its new Thermoplastic Refrigerant Lines (TPRL) designed specifically for application in electric vehicles (EVs). According to the press release, the new TPR lines feature the following: Multilayer plastic construction with optimal refrigerant resistance on the inside and environmental exposure resistance on the outside 60% weight savings thanks to an elimi...
    Audi to set up exclusive charging stations in China
    Accelerating its electric vehicle (EV) offensive in China, Audi plans to set up Audi Charging Stations for its customers in the world’s largest electric car market, the German luxury carmaker’s Chinese arm announced on 5 November 2022. The planned Audi-branded EV charging stations are slated to go live before the end of the year. It said that the rollout of Audi Charging Stations in China is part of its larger ‘Vorsprung 2030 China Strategy.’ The carmaker said that the first...
    US EV maker Canoo to acquire a vehicle manufacturing plant in Oklahoma City, US
    US-based manufacturer of electric vehicles (EVs) Canoo has signed an agreement to acquire a vehicle manufacturing facility in Oklahoma City, the company announced on 9 November 2022. Canoo said that the newly acquired production unit, which is strategically located with easy access to road and rail, is slated to produce LDV and LV vehicles for delivery to customers in 2023. The facility will also accommodate a dedicated training center, and the site is expected to employ more than 500 people....
    CATL, Daihatsu sign MoU on supply of EV batteries, battery technologies
    China’s largest electric vehicle (EV) battery maker Contemporary Amperex Technology Co., Limited (CATL) and Japan’s Daihatsu Motor Co., Ltd. have signed a memorandum of understanding (MoU) of strategic cooperation on battery supply and battery technologies to promote electric mobility in Japan, CATL announced on 11 November 2022. According to the company, under the agreement, CATL will ensure stable supply of batteries to the electric vehicles (EVs) of Daihatsu, which is popular for devel...
    Foxconn-initiated MIH Consortium unveils Project X
    The Foxconn-initiated MIH Consortium announced Project X, an open and agnostic electric vehicle (EV) Platform, on 8 November 2022. The project is part of MIH’s larger aim of making it easier for partners and potential customers to understand the open and agnostic nature of the work done by the consortium members. According to the official note, MIH released the Project X timeline and exterior design for the first time. The project, an A-segment three-seater demo car, is expected to be ...
    AutoTechInsight Weekly – 7 November 2022
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    Fit for 55: The Council, European Parliament reach agreement on stricter CO2 emission standards
    The Council and the European Parliament have reached a provisional political agreement on adopting the stricter carbon dioxide (CO2) emission performance standards for new cars and vans, according to a media release issued by the the Council of the European Union on 27 October 2022. The press release mentioned that pending a formal adoption, the co-legislators agreed to a) 55% CO2 emission reduction target for new cars and 50% for new vans by 2030 compared to 2021 levels b) 100% CO...
    BYD plans to invest over USD584 million in setting up EV manufacturing plant in Brazil
    Chinese electric vehicle (EV) maker BYD has signed a letter of intent (LoI) with the Government of the State of Bahia in Brazil to set up an EV manufacturing plant, according to a report published by the Brazilian news portal Automotive Business on 28 October 2022. The report stated that BYD plans to install three new assembly lines at a brownfield facility, which was earlier operated by Ford in Camacari. The Chinese automaker plans to invest BRL3 billion (over USD584 million) at the site, wh...
    Cooper Standard’s Q3 2022 net sales up 24.76% y/y to USD657.15 million
    Cooper Standard has reported third quarter 2022 net sales at USD657.15 million with a year-on-year (y/y) increase of 24.76% compared to USD526.69 million in third quarter from the previous reporting period for the three months ended 30 September 2022, according to a filing by the company on 1 November. Operating loss for third quarter 2022 was reported at USD10.06 million. Net loss for the quarter was reported at USD32.68 million. Jeffrey Edwards, chairman and CEO, Cooper Standard, said,...
    Battery electrode startup AM Batteries raises USD25 million in series-A funding round
    US-based battery startup that focuses on dry-electrode technology, AM Batteries (AMB) has raised USD25 million in its series-A funding round, the company announced on 25 October 2022. According to AM Batteries, the oversubscribed funding round was led by Anzu Partners, an investment firm that focuses on breakthrough industrial technologies. Other participants included TDK Ventures, Foothill Ventures, Toyota Ventures, Zeon Ventures, SAIC Capital, VinFast, Doral Energy-Tech Ventures, and Creati...
    General Motors, Microvast team up to develop specialized EV battery separator
    US carmaker General Motors (GM) and battery maker Microvast plan to work together to develop specialized electric vehicle (EV) battery separator technology and build a new separator plant in the US, according to an announcement by GM on 2 November 2022. According to GM, the planned battery separator plant is expected to create hundreds of new jobs in the US. The two companies also announced that the project will be supported by a USD200 million grant from the US Department of Energy's (DoE) B...
    Modine reports 21% y/y increase in Q2 net sales to USD578.8 million
    Modine has posted a 21% year-on-year growth in second quarter net sales at USD578.8 million, according to a 2 November press release. Operating income came in at USD36.8 million compared to USD10.5 million. Net income was USD24.4 million compared to USD400,000 last year. “Our results this quarter clearly demonstrate that our strategic initiatives are beginning to unlock the value in Modine. Our renewed focus on select products and solutions, combined with our strong leadership team are prov...
    Gentherm’s Q3 2022 revenue up 36.80% y/y to USD332.96 million
    Gentherm has reported third quarter 2022 revenue at USD332.96 million with a year-on-year (y/y) increase of 36.80% compared to USD243.83 million in third quarter from the previous reporting period for the three months ended 30 September 2022, according to a filing by the company on 2 November. Operating income for third quarter 2022 was reported at USD22.82 million, compared to USD20.70 million. Net income for the period was reported at USD9.82 million. Phil Eyler, the Company's President and...
    CATL, VinFast sign MoU to expand strategic cooperation to include skateboard chassis
    China’s largest battery maker Contemporary Amperex Technology Company Limited (CATL) has signed a memorandum of understanding (MoU) with Vietnamese electric vehicle (EV) maker VinFast, expanding its global strategic cooperation in areas including CATL integrated intelligent chassis (CIIC) skateboard chassis products, CATL announced on 31 October 2022. The MoU was signed in a ceremony that was attended by Dr. Robin Zeng, founder and chairman of CATL, and Pham Nhat Vuong, chairman of Vingroup...
    Dana reports 15% y/y increase in Q3 net sales to USD2.54 billion
    US automotive components and systems supplier Dana has reported a 15% year-on-year (y/y) increase in net sales for the third quarter to USD2.54 billion, according to a company press release on 27 October. Dana posted net sales of USD2.20 billion last year. Net loss attributable to the owners came in at USD88 million compared to a profit of USD48 million. “Dana generated solid earnings and free cash flow again this quarter as end-market demand remained strong despite ongoing supply and produ...
    Toyota launches MY 2023 Crown with updated interior features
    Toyota has launched model year (MY) 2023 Crown with enhanced interior features, the Japanese automaker said in a press release on 25 October. Significance: The MY 2023 sedan features standard 8-way power adjustable driver and front passenger seats. Adjustments for the front seat include slide, recline, tilt, height adjustment, and lumbar support (driver seat only). For ultimate comfort, the rear seats have plenty of padding and bolster support. The Crown also includes standard heated front se...
    Sony Honda Mobility plans to begin EV roll out with a high-end electric car
    Sony Honda Mobility, the electric vehicle (EV) joint venture between Sony Group and Honda Motor, plans to offer multiple EV models and its product introduction will begin with a high-end flagship electric car that could compete with the likes of Tesla and Porsche, according to a news report published by Nikkei Asia on 1 November 2022. Citing Sony Honda Mobility president and COO Izumi Kawanishi, the news report said that the company “will start with a model that incorporates cutting-ed...
    AutoTechInsight Weekly – 31 October 2022
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    CATL signs agreement with Dongfeng Peugeot Citroen Automobile on EVOGO battery swap project
    China’s largest battery maker Contemporary Amperex Technology Company Limited (CATL), Dongfeng Peugeot Citroen Automobile Company Ltd. (DPCA), and CATL’s wholly owned subsidiary Contemporary Amperex Energy Service Technology Ltd. (CAES) have signed a cooperation framework agreement on the EVOGO battery swap project, CATL announced on 25 October 2022. According to the agreement, the three companies plan to jointly work on making the Dongfeng Fukang ES600 compatible with CAES’s EVOGO modu...
    DENSO expands manufacturing facility in Guanajuato, Mexico
    Japanese supplier DENSO has inaugurated third expansion at its manufacturing plant in Guanajuato Puerto Interior, Mexico, Mexico Now reported on 26 October. Diego Sinhue Rodríguez Vallejo, The Governor of Guanajuato, said, “Today we can say with pride and satisfaction that Guanajuato is an industrial power, thanks to the cooperative alliances we have built over the years with world-class companies such as DENSO.” Significance: Denso will invest USD9.8 million as part of the expansion ...
    AutoTechInsight Weekly – 24 October 2022
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    BMW plans to add 8 new EV component production lines by 2024
    German luxury carmaker BMW Group plans to expand the production capacity of electric vehicle (EV) components at its Leipzig-based manufacturing plant, the company said on the sidelines of the Green Day organized at the BMW Group Plant Leipzig on 20 October 2022. To expand capacity, the carmaker plans to add another eight production lines to manufacture EV components at its Leipzig facility by 2024. Over the next year, the plant’s two existing battery module lines will be complemented by a f...
    Valeo, TotalEnergies partner on innovative thermal management of EV batteries
    TotalEnergies and Valeo have signed an agreement to develop an innovative thermal management solution for EV batteries, Valeo said in a media note on 20 October 2022. According to the company, TotalEnergies has developed a new, innovative, high-performance dielectric coolant that can come in direct contact with battery cells for cooling applications. Valeo said it will contribute its expertise in the related thermal systems to design and build the best solution to integrate the coolant within...
    Gentherm supplies ClimateSense in-vehicle technology for Cadillac’s Celestiq
    Gentherm has announced via a press release on 18 October that it supplied its in-cabin ClimateSense technology for Cadillac’s all-new Celestiq. Phil Eyler, Gentherm’s president and CEO, said, “We are honored that the Cadillac Celestiq will feature the industry’s first deployment of our ClimateSense system that offers advanced cabin climate technologies, electronics, and software algorithms that help deliver luxurious, efficient, and personalized comfort for every occupant. The Climate...
    BMW to invest USD1.7 billion to build EVs in the US, Envision AESC to supply battery cells
    German luxury carmaker BMW Group plans to invest USD1.7 billion to manufacture electric vehicles (EVs) in the US, the company announced on 19 October 2022. “BMW Group Chairman of the Board of Management, Oliver Zipse, announced a USD1.7 billion investment in its US operations, including USD1 billion to prepare for the production of EVs at the company’s existing US manufacturing facility in South Carolina, and USD700 million to build a new high-voltage battery assembly facility in nea...
    Foxconn unveils two concept EVs at Hon Hai Tech Day 2022
    Taiwan’s Hon Hai Technology Group, popularly known as Foxconn, unveiled two new in-house concept prototype electric vehicles at its third annual Hon Hai Tech Day (HHTD 2022) on 18 October 2022. The new concept electric vehicles (EVs) are the Model B crossover hatchback and the Model V all-terrain, electric pickup. In addition to that the company also showcased the production ready avatar of the Model C, which was first displayed at the Tech Day last year. The Model C, an electric SUV, is sl...
    Cadillac launches all-electric Celestiq with enhanced interior, lighting features
    General Motors’ Cadillac has launched its flagship all-electric Celestiq model highlighting modular interior and interactive lighting features, the automaker said in a press release on 17 October. Tristan Murphy, interior design manager, Celestiq, said, “The interior is defined by long uninterrupted surfaces and theme lines; the sense of movement is all around you. With such a clean design, it allowed the details to shine, emphasizing precision in even the smallest of areas, truly highlig...
    Paris Motor Show 2022: China’s BYD launches three BEVs
    Chinese automaker BYD announced on 17 October 2022 that it has launched three battery-electric vehicles (BEVs) at the ongoing Paris Motor Show at the Parc des Expositions in Paris. BYD’s newly launched BEV range includes the BYD Atto 3, a C-segment sport utility vehicle (SUV), the BYD Tang, a 7-seater with variable all-wheel drive and the sleek and sporty sedan BYD Han. Commenting on the new launches, Michael Shu, general manager and managing director, BYD Europe and International Cooperati...
    AutoTechInsight Weekly – 17 October 2022
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    Vitesco targets sales of about USD5 billion from its electrification business by 2026
    Germany based supplier of powertrain technologies and electric mobility solutions Vitesco Technologies had organized Capital Market Day 2022 for investors and analysts on 11 October 2022 wherein the company gave updated about its current strategy and disclosed projected business performance through 2030. Vitesco, which is listed on the Frankfurt Stock Exchange since September 2021, announced at the event that it expects to see its electrification business generate sales of around EUR5 billion...
    Valeo wins two major orders to supply thermal systems for EVs
    French auto component supplier Valeo announced on 12 October 2022 that the company has secured large orders to supply thermal systems for electric vehicles (EVs) recently. It said that the company signed a contract with Stellantis to supply thermal systems for electric cars in September 2022. The Valeo Group has been supplying the automaker with heat pump solutions since 2019 and now plans to provide a new generation of the technology for its next electric platform. According to Valeo, the ne...
    Knorr-Bremse appoints Marc Llistosella as CEO
    Knorr-Bremse AG has appointed Marc Llistosella as CEO for a period of three years with effective 1 January 2023, the company said in a press release on 13 October. Marc Llistosella, designated CEO of Knorr Bremse AG, said, “Knorr Bremse is a fascinating company and a true icon of German industry. It has stood for safe transportation for over 115 years and, as a global market leader, it drives innovation for sustainable, safety-critical system solutions. Together with its employees and the E...
    Sony Group-Honda Motor JV to begin delivering EVs in the US from 2026
    Sony Honda Mobility Inc. (SHM), the joint venture between Japan’s electronics major Sony Group and carmaker Honda Motor Company, announced on 13 October 2022 that it plans to begin accepting orders for its debut electric cars in 2025, with the first customer deliveries expected in early 2026 in the US. The JV company has put US deliveries ahead of its home market Japan, which is slated to see customer deliveries in the second half of 2026. "The first delivery is expected to be in North Amer...
    StoreDot achieves 1,000 cycles of XFC battery cells in production-ready EV form factor
    Israel-based extreme fast charging (XFC) battery startup StoreDot said on 11 October 2022 that the company’s in-house developed battery cells have exceeded 1,000 cycles in production ready EV form factor, suggesting a superior performance when compared to currently available lithium-ion EV batteries. Last month, StoreDot had announced that it has shipped its 300 Wh/kg, 700 Wh/l high-energy-density cells in pouch format to its global automotive OEM partners for intense real-world testing. Th...
    StoreDot ships XFC cell samples to global EV OEM partners, potential customers
    Israel-based extreme fast-charging battery startup StoreDot has commenced shipping electric vehicle (EV) cell samples of its ‘100in5’ battery technology to strategic EV OEM partners and potential customers, the company said in its media note on 7 September 2022. Notably, StoreDot’s ‘100in5’ battery technology stands for the company’s in-house developed extreme fast-charging cells that can charge with a driving range of 100 miles in just 5 minutes consistently and without compromis...
    Henkel expands EV thermal interface adhesives capacity at South Dakota plant
    German chemical company Henkel announced via press release on 21 September that it had broken ground on a new expansion facility at its thermal interface adhesives plant in Brandon, South Dakota, US. According to the press release, the new USD30-million expansion facility will allow Henkel to increase production of thermal interface materials designed for application in electric vehicle (EV) batteries and electronic components. The adhesives, when applied between heat-generating chips and ...
    Winter is Coming
    With energy prices in Europe skyrocketing, placing business bottom lines in triage mode, a harsh winter could place certain automotive sectors at risk of being unable to keep their production lines running. Click the link above to download the article.
    UK-based Aqdot develops AqFresh additive technology to eliminate in-vehicle odors
    Chemtech company Aqdot has developed AqFresh, a new additive technology to eliminate and enhance in-vehicle odors to significantly reduce volatile organic compounds (VOCs), it said in a press release on 29 September. According to press release, AqFresh has also been shown to be effective in rigid plastic parts such as polypropylene (PP) for dashboards, which can be incorporated through compounding or polymer masterbatch. It was incorporated into the manufacturing process of polyvinyl chloride...
    AutoTechInsight Weekly – 10 October 2022
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    Renault Group, Castrol extend partnership on supply of engine oils until 2027
    French carmaker Renault Group and the global lubricants company Castrol, which is part of the BP group, plan to extend their partnership for a further three years, until the end of 2027, Renault announced on 28 September 2022. As part of the extended partnership, the two companies will continue the co-design and supply of engine oils for after-sales service to the global network of Renault Group brand dealers, including Renault, Dacia and Alpine brands. Speaking on the extension of partner...
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