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    Major revision for global light vehicle production forecast – what it means for OEMs’ technology deployment
    The IHS Markit light vehicle production forecast has been cut by 6.2% or 5.02 million units in 2021, and by 9.3% or 8.45 million units in 2022, to stand at 75.8 million units and 82.6 million units, respectively. For 2023, we have reduced the forecast by 1.05 million units or 1.1% to 92 million unit...
    What Fit for 55 means for all member nations in the European Union
    Unveiling a roadmap to make Europe the world’s first climate neutral continent by 2050, the European Commission rolled out the ‘Fit for 55’ package on 14 July 2021, proposing that the suggestions made by the governing body be made legally binding for all members of the European Union (EU). ...
    19-Aug-2021 Insights Policy & Regulation Pinned
    Micron to expand chip production with USD150 billion in capital spending over coming decade
    According to a Bloomberg press release dated 20 October, Micron Technology Inc., the only remaining major US maker of memory semiconductors, said it will spend USD150 billion over the next decade and wants government assistance to ensure the investment is made in the United States. The budge...
    21-Oct-2021 News Investments
    Chipmaker Infineon plans 50% investment boost
    According to a Reuters press release dated 6 October, German chipmaker Infineon Technologies plans a 50% increase in investments next year, boosting its shares as it looks to benefit from soaring demand and a global semiconductor shortage. Infineon stated that it will invest approximately EU...
    08-Oct-2021 News Investments
    GlobalFoundries expands manufacturing features for automotive and others
    GlobalFoundries announced a portfolio of new features that extend its solutions roadmap and accelerate the next wave of innovation in chip design for smart mobile devices, data center, internet of things (IoT), and automotive in an official press release dated 15 September. "This past 18 months h...
    20-Sep-2021 News Investments
    General Motors invests in startup Oculii
    General Motors has made a multimillion dollar investment in startup Oculii, TechCrunch reported on 13 September. The investment could boost GM’s hands-free advanced driver assistance system known as Super Cruise. Oculii provides advanced artificial intelligence (AI) software for radar perception. ...
    14-Sep-2021 News Investments
    Intel to spend USD90 billion on chip plants in Europe over next 10 years
    According to press release on TechRadar dated 7 September, Intel has revealed plans to build new chip-making facilities in Europe with an USD95 billion funding plan over the next decade to boost the region's chip capacity. The commitment, announced by company CEO Pat...
    13-Sep-2021 News Investments
    AI computing startup Blaize raises USD71 million in series D round
    Blaize has raised USD71 million in Series D funding round, it said in a press release on 27 July. The round was led by Franklin Templeton and Temasek with participation from DENSO and other new and existing investors. “We are pleased with the participation of new and existing premier investors ...
    28-Jul-2021 News Investments
    Texas Instruments to buy semiconductor factory in USD900 million deal
    According to official press release dated 30 June, Texas Instruments Incorporated announced it signed an agreement to acquire Micron Technology’s 300-mm semiconductor factory (or "fab") in Lehi, Utah, for USD900 million. "This investment continues to strengthen our competitive advantage in manu...
    01-Jul-2021 News Investments
    ZF announces USD238 million investment plan to grow India business
    Increasing its focus on India, German automotive supplier ZF Friedrichshafen AG (ZF Group) plans to invest around USD238 million and consolidate its business domains with renewed impetus to drive growth over the next decade, the company said in a press release on 29 June. The company has launched...
    30-Jun-2021 News Investments
    Vitesco Technologies opens e-mobility components plant in Debrecen, Hungary
    The Debrecen plant of Vitesco Technologies, a provider of drivetrain technologies and solutions for e-mobility, has been officially opened. According to a press release issued by Continental on 24 June, the 7,000 sq. m. (approximately 75,350 square feet) plant, which is located in Hungary and o...
    29-Jun-2021 News Investments
    Tata Group opens 6.2 MWp solar carport at Pune plant in India
    According to an official press release on the company's website dated 18 June, Tata Motors and Tata Power announced the inauguration of India's largest Solar Carport in Pune, which is expected to save 7,000 tonnes of carbon emissions per year. Tata Power's 6.2 MWp solar carport will generate 86.4 la...
    25-Jun-2021 News Investments
    EV battery startup Grinntech concludes USD2 million financing round
    According to a press release on yourstory dated 23 June, Grinntech, a startup specializing in lithium-ion (Li-ion) batteries for electric vehicles (EVs) and energy storage systems, has successfully closed a bridge funding round of nearly USD2 million, wherein all existing investors participated. ...
    24-Jun-2021 News Investments
    GlobalFoundries to build new fabrication plant in Singapore
    According to a press release from Reuters, the United States-based semiconductor manufacturer GlobalFoundries announced on June 22nd that it will build a new fabrication plant in Singapore to meet the unprecedented global demand for chips. The new facility will be built in collaboration with...
    23-Jun-2021 News Investments
    GM looking at longer-term supply contracts and partnerships for chips
    As per press release on Reuters dated 16 June, General Motors is looking at signing longer-term supply contracts or partnering with chip and wafer suppliers in the future to mitigate the impact it has seen from the global semiconductor shortage, according to the automaker's CFO Paul Jacobson. ...
    22-Jun-2021 News Investments
    US Government announces supply chain disruptions task force
    The US Government will establish a new Supply Chain Disruptions Task Force that will address the near-term supply chain challenges to ensure faster economic recovery, it said in a statement on 8 June 2021. According to the statement, the Biden-Harris administration’s task force will be led by t...
    09-Jun-2021 News Investments
    Bosch opens EUR1-billion chip plant with fully automated fabrication process in Germany
    According to a news announcement on the corporate website dated 7 June, Germany's technology and parts supplier Bosch has opened a EUR1 billion (USD1.2 billion) semiconductor facility in Dresden, Germany. German Chancellor Angela Merkel and EU VP Margarethe Vestager were present at the online ope...
    08-Jun-2021 News Investments
    CATL plans to build new battery plant in Shanghai
    Mainland China-based Contemporary Amperex Technology Co., Limited (CATL) is planning a major new automotive battery plant in Shanghai, according to a Reuters report that quoted two people with knowledge of the matter. Significance: CATL began supplying batteries to US-based electric vehicle ...
    04-Jun-2021 News Investments
    TSMC expands 5nm family for automotive applications
    On the company website dated 2 June, Taiwan Semiconductor Manufacturing unveiled its latest innovations in advanced logic technology, specialty technologies, and 3DFabric advanced packaging and chip stacking technologies at the company’s 2021 Technology Symposium. The symposium connects custome...
    02-Jun-2021 News Investments
    ARM invests in Taiwanese AI chip startup eYs3D
    As per press release by eeNews Europe dated 27 May, Startup eYs3D Microelectronics has raised USD7 million to support the development of vision AI chips. Investors include ARM, Etron, WI Harper, and Marubun Corp. According to the company, investors like ARM will work with eYs3D to focus on t...
    02-Jun-2021 News Investments
    Nissan in advanced talks with UK government to build battery gigafactory
    Nissan is in advanced talks with the UK government to build a battery gigafactory, reports Nikkei Asia. Nissan aims to make the United Kingdom its largest electric vehicle (EV) production hub outside of Japan. Nissan will employ mainland Chinese battery maker Envision AESC to run a new fac...
    28-May-2021 News Investments
    Lumax to spend around USD34 million in FY 2021 for two plants in India
    Lumax Group will invest most of its INR2.50 billion (USD34 million) capital expenditure in fiscal 2021 to set up an electronics plant in Haryana and increase capacity at the Sanand plant in Gujarat, India, The Economic Times reported on 13 May, citing PTI. “We have allocated Rs 250 crore (INR2....
    18-May-2021 News Investments
    National Grid joins Electric Highway Coalition to boost EV charging across US
    On 13 May, National Grid has joined seven major utilities in the Electric Highway Coalition, which will enable more electric vehicle (EV) charging stations near highways across the United States. Each utility within the Coalition is taking steps to provide charging solutions in their service terr...
    18-May-2021 News Investments
    Lumax to set up lighting design center in Europe
    India-based Lumax Industries has announced plans to set up a new lighting design center in Europe, according to a report by Autocar Professional on 14 May. The new European design center is on track to be commissioned in the third quarter of fiscal year (FY) 2022. The European design studio is set t...
    17-May-2021 News Investments
    South Korea unveils USD450-billion plan to expand chip industry
    The South Korean government unveiled an ambitious plan on 13 May to invest USD450 billion over the next decade in its semiconductor manufacturing industry. Samsung Electronics Co. and SK hynix Inc would lead in the investment of USD510 trillion won in semiconductor research and production throu...
    17-May-2021 News Investments
    ABB to install 124 DC fast charging stations in Thailand
    ABB has won a contract from the Provincial Electricity Authority (PEA) in Thailand to install more than 120 fast-charging stations for electric cars across the country by the end of 2021. Specifically, 124 units of ABB’s Terra 54 fast-charging station will be installed at 62 filling stations ow...
    14-May-2021 News Investments
    XPeng charging network exceeds 1,000 stations in China
    XPeng Motors announced on 7 May that the rollout of its own-brand charging network across mainland China has reached 1,140 stations, spanning 164 Chinese cities. The company claims it is the first new electric vehicle (EV) maker in mainland China to offer free lifetime charging services for its c...
    13-May-2021 News Investments
    South Korea to expand investment and tax incentives for automotive semiconductor segment
    South Korea has said it plans to expand investment and tax incentives for the semiconductor segment in line with efforts to foster the non-memory chip industry and cope with the global supply shortages of automotive chips according to a telecom economics times press release dated 9 May. “To cop...
    11-May-2021 News Investments
    EV startup Aiways unveils new U6, secures investment from CATL
    Aiways unveiled new images of its next electric vehicle (EV), the Aiways U6, on company website dated 29 April. The Aiways U6 will become the second vehicle to be mass-produced on the company’s exclusive More Adaptable Structure (MAS) platform. It will sit alongside the Aiways U5 in the line-up...
    05-May-2021 News Investments
    Volkswagen to design and develop chips for self-driving cars
    As Reuters (via Autoblog) reports dated 30 April, the company chief Herbert Diess told Handelsblatt in an interview that VW will design its own high-performance chips for autonomous vehicles. It was a matter of eking out the best possible hardware, Diess said—much like Apple and Tesla, the mo...
    04-May-2021 News Investments
    BE Semiconductor plans US, Taiwan expansion to meet chip demand
    Dutch chipmaking equipment supplier BE Semiconductor (BESI) is planning to boost its operations in the United States and Taiwan to meet demand. The Dutch-based maker of semiconductor assembly and packaging equipment also said it expected second-quarter revenue to rise between 30% and 40% from the...
    04-May-2021 News Investments
    Italdesign, Williams Advanced Engineering to provide EV rolling chassis production solution
    Williams Advanced Engineering (WAE) has developed a new state-of-the-art electric vehicle (EV) architecture. The product combines WAE’s new EVX modular EV platform with Italdesign’s vehicle design and development expertise, according to a company press release on 28 April. The companies aim...
    30-Apr-2021 News Investments
    British startup Anaphite secures GBP1.2 million funding
    Anaphite, a Bristol-based startup developing innovative techniques for incorporating graphene into lithium-ion (Li-ion) batteries, has raised GBP1.2 million in funding, according to an announcement on the company's website on 28 April. The funding came from Zero Carbon Capital, Bristol Pri...
    29-Apr-2021 News Investments
    Saint-Gobain, Addionics to develop solid-state Li-ion batteries with 3D electrode technology
    Saint-Gobain will partner with Israel-based Addionics to develop next generation solid-state lithium-ion (Li-ion) batteries with novel electrode components under the Israel - US BIRD Energy program, according to a company press release on 20 April. Significance: Saint-Gobain is a leading technica...
    26-Apr-2021 News Investments
    LG Chem completes 1,200 ton Yeosu carbon nanotubes plant in South Korea
    LG Chem is planning to accelerate its advancement into the carbon nanotubes (CNT) market with the help of a 1,200-ton “Yeosu CNT Plant 2” in Korea that was completed and begun operations on 14 April, according to a company press release of the same day. Additionally, the company’s existing 500...
    22-Apr-2021 News Investments
    Battery Resourcers completes USD20 million Series B funding round
    Battery Resourcers, a vertically integrated lithium-ion (Li-ion) battery recycling and manufacturing company based in the United States completed a USD20 million Series B equity round with financing led by Orbia Ventures, the venture capital arm of the multinational Orbia, according to a company pre...
    13-Apr-2021 News Investments
    Comau provides battery manufacturing line for UK Battery Industrialization Centre
    Comau has been selected by the UK Battery Industrialisation Centre (UKBIC) to develop and deploy a semi-automated battery module and battery pack assembly line for the publicly-funded ‘open-access’ battery production development facility, according to a press release on 8 April 2021. The facilit...
    Manz, GROB form strategic partnership for Li-ion battery systems
    Manz AG and GROB-WERKE GmbH & Co. KG have entered into a cooperation in the field of lithium-ion (Li-ion) battery systems, according to a company press release on 8 April 2021. As part of the partnership, the companies plan to set machine standards "made in Europe". From now on, the companies wi...
    12-Apr-2021 News Investments
    Nidec to open e-motor production facility in Serbia
    Japan-based Nidec Corporation will open a new factory in the city of Novi Sad in the Republic of Serbia, according to a company press release on 9 April. The new Nidec Electric Motor Serbia LLC will make automotive motors and related products, employing some 1,000 people. The new Nidec Elesys Europe...
    12-Apr-2021 News Investments
    Hirschmann Automotive expands operations in Mexico, US
    Hirschmann Automotive announced that it has established a test laboratory in Mexico where validations are carried out locally, according to a company press release on 2 April. Hirschmann Automotive also opened a sales and research and development (R&D) office in Detroit, United States. Signif...
    09-Apr-2021 News Investments
    Draexlmaier opens new plant in North Macedonia
    German car parts manufacturer Draexlmaier has opened a new production plant in Kumanovo, in the northern part of North Macedonia, according to a report by SeeNews on 6 April. The value of the investment is in the "double-digit million" range, according to the report citing a company statement. The n...
    07-Apr-2021 News Investments
    Volkswagen invests additional USD100 million in QuantumScape for solid-state battery tech
    QuantumScape has announced it has successfully met the technical milestone that was a condition to close the investment of an additional USD100 million by Volkswagen Group of America Investments, LLC into the company, according to an Securities and Exchange Commission (SEC) filing on 31 March. This ...
    06-Apr-2021 News Investments
    Bosch subsidiary, ETAS, expands embedded software center in UK
    ETAS has signed an agreement with the UK Government to expand the software center in the city of York, it said in a press release on 29 March. The Bosch unit will make an undisclosed yet significant investment to expand the center of excellence. “We have decided to expand this centre in York fo...
    05-Apr-2021 News Investments
    Startup Odyssey Semiconductor raises USD5 million to develop GaN power devices for EVs
    Odyssey Semiconductor Technologies has raised USD5 million in a common stock private placement, the company said in a press release on 1 April. The funding will allow the startup to develop high-voltage vertically conducting gallium nitride (GaN) power-switching devices. “We welcome the new sha...
    05-Apr-2021 News Investments
    Lumax Industries to establish new plant in Gujarat, India
    Lumax Industries has announced that the company will invest INR800 million (USD10.9 million) to open a new manufacturing plant in Sanand, Gujarat, in India, according to BSE filing by the company on 26 March 2021. The company has not provided further details including products to be produced at...
    31-Mar-2021 News Investments
    Porsche to produce high-performance batteries with silicon anodes
    Porsche is looking into high-performance batteries with silicon instead of graphite anodes to achieve higher energy density and better fast-charging capability, according to a company press release on 16 March. The new batteries will be produced in limited volumes in Europe for high-performance vehi...
    19-Mar-2021 News Investments
    thyssenkrupp Steel announces investing in sheet steel plants to improve material quality
    As part of its Strategy 20-30, thyssenkrupp Steel is investing in its manufacturing facilities to improve the surface quality of premium sheet steel, according to a company press release on 11 March. The company has placed an order for two new walking beam furnaces for the revamped hot strip mill 4 ...
    16-Mar-2021 News Investments
    MAHLE plans to more than double actuator production to 6 million units
    MAHLE plans to increase annual production of actuators from a current 2.5 million units to 6 million units by 2025, according to a company press release on 15 March. Significance: MAHLE is one of the world’s largest manufacturers of mechatronic actuators for automotive applications. Particularl...
    16-Mar-2021 News Investments
    HELLA opens new development center in Romania for software and electronics
    HELLA has opened a new test and development center at the Craiova site in Romania, Germany-based lighting and electronics supplier said in a press release on 10 March 2021. The new building in Craiova offers approximately twice as much space as the previous premises. With this step, HELLA is creatin...
    12-Mar-2021 News Investments
    Continental plans to invest USD178 million in Romania in 2021
    Continental invested EUR150 million (USD178 million) in Romania in 2020, SeeNews reported the company saying in a statement on 11 March. The German supplier will invest similar amount at its manufacturing facilities and research and development (R&D) centers in 2021.   Significance: All ...
    12-Mar-2021 News Investments
    Continental inaugurates new plant in Serbia
    German auto parts manufacturer Continental has inaugurated its new plant in Novi Sad, in northern Serbia, according to a press release on the official website of Republic of Serbia on 7 March. The company invested EUR140 million (USD166 million) in car electronics factory in Novi Sad. The plant will...
    09-Mar-2021 News Investments
    Mercedes-Benz AMG breaks ground for new technology center in Affalterbach, Germany
    Mercedes-Benz AMG broke ground on new technology center in Affalterbach, Germany for the development of electrified high-performance powertrains and electrical components, the automaker announced in a press release on 4 March. The new Technikum tech center spanning over an area of 5000 square meters...
    Bethel Automotive Safety Systems to open new plant in Mexico
    China-based Bethel Automotive Safety Systems is planning to open a new plant in Saltillo, Mexico, according to a report by Mexico Now on 1 March. The company plans to invest USD48 million in new plant, which is expected to generate 550 new jobs. Significance: In the phase 1, the company will manu...
    05-Mar-2021 News Investments
    Miba Group to invest USD3.3 million for developing power resistors for EVs
    EBG Resistors, a subsidiary of Miba Group, is investing EUR2 million (USD3.3 million) at its production facilities in Kirchbach and St. Stefan im Rosental in Austria to expand production capacity of resistors for use in electric vehicles (EVs), the company said in a press release on 17 February. The...
    01-Mar-2021 News Investments
    Vitesco commences production at electronics and transmission sensor technology plant in Hungary
    Continental’s powertrain division Vitesco Technologies has commenced production at its new plant in Debrecen, Hungary, after two years of construction, according to a company press release on 26 February 2021. The plant, spanning around 7,000-square-meters of area, manufactures electronics, and tr...
    01-Mar-2021 News Investments
    Eberspaecher establishes new subsidiary in Romania for vehicle electronics 
    Eberspaecher has established a new subsidiary in Romania to strengthen its vehicle electronics business, the company said in a press release on 4 February. The unit, called Eberspaecher Controls Ro S.R.L, will primarily focus on control units for electric and autonomous vehicles. “The prop...
    Radar startup Zadar Labs raises USD5.6 million in seed funding
    Zadar Labs has raised USD5.6 million in seed funding, the startup said in a press release on 26 January. The investment round was led by Tim Kentley Klay, founder of autonomous vehicle companies Zoox and HYPR. Leslie Ventures, Jeff Rothschild, Plug and Play, and Mentors Fund also participated in the...
    29-Jan-2021 News Investments
    Startup Kneron raises funding from Foxconn and Winbond
    Kneron has raised an undisclosed amount from Foxconn and Winbond, TechCrunch reported on 19 January. Although the amount was unknown, it was an “eight figure” deal, founder and CEO Albert Liu told TechCrunch in an interview. Kneron will work with Foxconn on smart manufacturing and a new open ...
    22-Jan-2021 News Investments
    Continental to open Serbian plant in March 2021
    German car parts manufacturer Continental plans to open a new a EUR140 million (USD171 million) plant in Serbia in March 2021, according to a press release on the website of the Vojvodina province government on 13 January Serbia. The new plant in Novi Sad, in northern Serbia will produce car electro...
    18-Jan-2021 News Investments
    Wire harness manufacturers Sumitomo and Yazaki plan new factories in Morocco
    Japanese wire harness manufacturers Yazaki and Sumitomo Electric Industries are planning to build four new factories in Morocco, according to a report by Reuters on 12 January citing the Moroccan industry ministry. The companies are expected to invest a total of USD103 million. Yazaki will build thr...
    15-Jan-2021 News Investments
    Startup Graphcore raises USD222 million in a Series E funding round
    Graphcore has announced that it has raised USD222 million in a Series E funding round, according to a company press release on 29 December. Ontario Teachers' Pension Plan Board (Ontario Teachers') led the round with participation from funds managed by Fidelity International and Schroders, and existi...
    30-Dec-2020 News Investments
    Renesas and FAW establish joint laboratory in Changchun, mainland China
    On 1 December 2020, Japanese semiconductor company Renesas Electronics and Chinese automaker FAW Group established a joint laboratory in Changchun, Jilin Province, mainland China, to accelerate development of next-generation intelligent driving vehicles, the two companies said in a joint press relea...
    18-Dec-2020 News Investments
    Sivers Semiconductors wins grants from Innovate UK to develop quantum-based automotive lidar
    Sivers Semiconductors AB has announced that its unit, Sivers Photonics, has gotten a government grant of GBP324,800 (USD433,563) from Innovate UK, according to a company press release on 9 December. “The SPIDAR project collaborates with high-profile commercial partners such as Toshiba, Network ...
    11-Dec-2020 News Investments
    Motherson Group invests in startup Aira
    Motherson Innovations Company Limited, the emerging technologies arm of the Motherson Group, has invested in startup Aira, Inc., the latter announced in a press release on 10 December 2020. “Combining Motherson's capabilities and Aira's technology will create synergies that will help automakers in...
    11-Dec-2020 News Investments
    Varroc acquires partner’s stake in Romanian JV Varroc-Elba
    VarrocCorp Holding B.V. (VCHBV), a wholly owned subsidiary of Varroc, has acquired the balance 30% stake in Romanian joint venture (JV) Varroc-Elba Electronics S.R.L held by the other JV partner, ELBA SA, according to a filing by Varroc with BSE on 9 December. The deal is valued at EUR1.05 million (...
    Startup TWAICE expands battery testing capacity in Germany
    German startup TWAICE is expanding battery testing capacity in its home country. According to a company press release on 3 December, TWAICE has added hundreds of test channels and several temperature chambers for battery cells and modules to their equipment range. The new lab was officially opened l...
    08-Dec-2020 News Investments
    Schaltbau breaks ground on new electromechanical components plant in Germany
    Schaltbau GmbH, a leading supplier of technological components and systems for mobile and stationary transportation technology, broke ground on new electromechanical components plant in Germany, the company announced in a press release on 23 November 2020. The new plant called ‘NExT Factory’ wil...
    07-Dec-2020 News Investments
    Toyoda Gosei invests USD2.8 million in Japan-based startup Ball Wave
    Toyoda Gosei has invested JPY100 million (USD2.8 million) in Ball Wave, a startup from Japan’s Tohoku University that has developed applications of ball surface acoustic wave (SAW) sensors, the company said in a press release on 19 November. Such sensors use natural collimation of SAWs—a process...
    01-Dec-2020 News Investments
    Radar startup Lunewave closes USD7 million in Series A financing round
    Lunewave has announced a fund raising of USD7 million in Series A round, according to a press release dated 23 November. The investment round was led by FM Capital along with with new investors Proeza Ventures, Blue 9 Capital, Tsingyuan Ventures and Intact Ventures. Lunewave is also funded through N...
    24-Nov-2020 News Investments
    EdgeQ Raises USD51 million in Funding
    EdgeQ Inc, a 5G systems-on-a-chip company, has raised USD51 million in total funding, including USD38.5 million in a Series A round, according to a press release om 17 November. Backed by renowned investors Threshold Ventures (formerly DFJ), Fusion Fund, Yahoo! co-founder Jerry Yang (AME Cloud Ventu...
    17-Nov-2020 News Investments
    Hella expands electronics plant in Lithuania
    Germany-based Lighting and electronic solutions supplier Hella is further expanding its electronics plant in Lithuania. According to a company press release on 11 November 2020, the company is plans to invest a medium double-digit million euro amount in the long-term expansion of its production capa...
    12-Nov-2020 News Investments
    Toyota Industries Compressor Parts America to expand Georgia facility
    Toyota Industries Compressor Parts America (TICA) will expand its Pendergrass, Georgia, production facility to meet growing demand for its onboard power electronics, according to a press release on the official website of Georgia Department of Economic Development on 27 October. The company will inv...
    10-Nov-2020 News Investments
    Continental picks minority stake in lidar startup AEye
    Continental has invested in AEye to pick a minority equity stake, the company said in a press release on 27 October. AEye, a US-based startup, has developed a long-range lidar technology that combines an amplifiable 1,550-mm laser with microelectromechanical system (MEMS) scanner. The lidar can...
    28-Oct-2020 News Investments
    ZF establishes new automotive electronics plant in Poland to begin production of S-Cam4.8 cameras
    ZF has established a new plant in Częstochowa, Poland, to produce automotive electronic components for light vehicles, the company said in a press release on 26 October. The 12,000-square-meter plant is located on a 69,000-square-meter plot of land in the Katowice Special Economic Zone in Częstoch...
    27-Oct-2020 News Investments
    Startup VisIC Technologies raises funding to support growing EV market
    Israel-based VisIC Technologies has raised a Series E financing round with participation from MediaTek, the start-up said in a press release on 19 October. The funds will help the company expand its electrical vehicles (EVs) high power systems portfolio. “This round of financing will help us to...
    20-Oct-2020 News Investments
    German government invests USD613 million in microelectronics
    The Federal Ministry for Economic Affairs and Energy (BMWi) has invested around EUR522 million (USD613 million) in research, development, and implementation of new technologies in microelectronics in Germany since 2019, it said in a press release on 13 October. As a part of the ‘Important Proje...
    15-Oct-2020 News Investments
    Infineon completes construction of new R&D building in Austria
    Infineon has announced the completion of its new research and development (R&D) building in Austria, according to a company press release on 7 October. The building has a total of around 600 workplaces for R&D and around 3,800-square-meters of laboratory and measurement engineering space. Th...
    09-Oct-2020 News Investments
    MAHLE establishes global development center for mechatronics in Germany
    German automotive components supplier, MAHLE, has announced that that it has set up a global development center for mechatronics in Kornwestheim, near Stuttgart, Germany. In a press release issued by MAHLE on 8 October, the company stated that it has invested mid-double-digit millions to set up the ...
    09-Oct-2020 News Investments
    Infineon to invest USD786.4 million in Malaysia over 10 years
    German semiconductor company Infineon Technologies has pledged to invest RM3.25 billion (USD786.4 million) in Malaysia over the next 10 years, the New Straits Times reported on 14 September. New Straits Times quoted Malaysian Prime Minister Tan Sri Muhyiddin Yassin during his visit to Infineon's pla...
    17-Sep-2020 News Investments
    Grupo Antolin opens new innovation center in mainland China
    Grupo Antolin has opened a new innovation center in Shanghai, mainland China, the Spanish supplier said in a press release on 10 September. The innovation center houses the new Antolin headquarters in mainland China, bringing together all the corporate departments and the engineering and technologic...
    11-Sep-2020 News Investments
    HELLA establishes ‘Global Software House’ to align software activities across the company
    HELLA has established a new ‘Global Software House’ to further expand its global software competencies, Germany-based lighting and electronics expert said in a press release on 9 September 2020. The Global Software House is managed by the Berlin subsidiary and software specialist HELLA Aglaia. T...
    10-Sep-2020 News Investments
    Semiconductor startup SiFive raises USD60 million
    California-based semiconductor startup SiFive has raised USD60 million in its latest round of funding which included investment from SK Hynix and Saudi Aramco, a Reuters report read on 11 August. The report added that its total funding stood at over USD185 million. Existing investors including Intel...
    18-Aug-2020 News Investments
    TDK Ventures invests in AI startup Groq
    TDK Corporation’s unit TDK Ventures has invested in Groq, a company press release on 4 August read. California-based Groq develops artificial intelligence and machine learning platforms for various industries. “Through its investment and support, TDK is helping Groq bring these capabilities t...
    05-Aug-2020 News Investments
    ROHM partners with Leadrive Technology to establish joint laboratory on SiC technology in China
    ROHM has announced a partnership with Leadrive Technology to establish a joint laboratory on silicon carbide (SiC) technology in China, a company press release on 8 July read. The lab will be based in the China (Shanghai) Pilot Free Trade Zone in Lingang New Area. The joint research lab will focu...
    13-Jul-2020 News Investments
    Continental to build new plant in Serbia to produce driver information systems
    German auto parts supplier Continental has announced plans to build a new production plant for innovative driver information systems in Serbia's Novi Sad, SeeNews reported on 1 July. The company will begin construction by the end of 2020. The plant will produce complex driver information systems ...
    03-Jul-2020 News Investments
    BYD’s chipmaking company BYD Semiconductor raises USD113 million
    BYD Semiconductor, the chipmaking company of electric-vehicle (EV) manufacturer BYD, has raised CNY800 million (USD113 million) in a Series A+ round, Yicai Global reported on 16 June. Existing investors included Sequoia Capital and China Capital Investment Group while Xiaomi, Lenovo Group, SK Group,...
    17-Jun-2020 News Investments
    BYD to expand production of Blade battery by end of 2020
    Mainland chinese electric vehicle (EV) maker BYD plans to expand production of its new type of lithium iron phosphate (LFP) blade battery by eightfold by the end of 2020, Caixin reported on 6 June. BYD is reportedly planning to build seven more assembly lines for blade batteries this year at its fac...
    12-Jun-2020 News Investments
    Denso opens ‘Electrification Innovation Center’ in Japan
    Denso has opened an ‘Electrification Innovation Center’ at its plant in Anjo, Aichi in Japan, the supplier announced in a press release on 5 June. The Electrification Innovation Center features a development building, which will house teams focused on developing advanced production technologies ...
    10-Jun-2020 News Investments
    Semiconductor startup Flusso raises USD5.7 million in Series A funding
    Flusso has raised a USD5.7 million funding in Series A round, led by existing investor Parkwalk Advisors and new investor Foresight Williams Technology EIS; 24 Haymarket, Cambridge Enterprise, Martlet, and Cambridge Angels also participated. The funding will help scale up production of the world’s...
    08-Jun-2020 News Investments
    Nidec to set up new R&D facility in China for EV drive motors
    Japanese motor manufacturer Nidec will set up a new research and development (R&D) facility in China for drive motors used in electric vehicles (EVs), according to a report by Nikkei Asian Review on 3 June. Nidec plans to hire about 1,000 employees at the new R&D site, of which nearly 400&nb...
    05-Jun-2020 News Investments
    Panasonic mulls expanding battery cell production at joint plant with Tesla in US
    Panasonic is in talks with Tesla to expand battery cell production capacity at their joint plant near Reno in Nevada, United States, Nikkei Asian Review reported on 19 May. “There is very strong demand from Tesla," Panasonic’s CFO Hirokazu Umeda, confirmed while presenting the company annua...
    20-May-2020 News Investments
    FUNDING: Ultrasonic sensor startup Toposens raises addition fund in new financing round
    Munich, Germany-based startup Toposens has raised additional capital in a new round of funding, a press release dated 8 May showed. The round was led by existing investor ALPANA Ventures while new investors included Basinghall Partners and In-Q-Tel Inc. The company says the investment will be used t...
    18-May-2020 News Investments
    INVESTMENT: Toyoda Gosei invests in IoT service provider Uhuru
    Toyoda Gosei Co has made an investment in Uhuru Corp, the company said in a press release on 8 April. Uhuru provides solutions using data in cloud computing and edge devices. The details of the investment were not disclosed. The collaboration will allow Toyoda Gosei to enhance value in products a...
    09-Apr-2020 News Investments
    INVESTMENT: NXP Semiconductors invests in Fabless semiconductor company Kalray
    NXP Semiconductors has invested EUR8 million (around USD9 million) in Kalray, a company press release on 2 April read. Using NXP’s automotive solutions and Kalray MPPA (Massively Parallel Processor Array) intelligent processors, the companies will develop safe, reliable, and scalable solution...
    06-Apr-2020 News Investments
    Continental participates in Series A funding round at lidar startup Blickfeld
    Continental has invested in Munich-based lidar startup Blickfeld, according to a press release on 20 March. Blickfeld has completed its Series A financing round, which was led by the venture capital unit of Continental together with Wachstumsfonds Bayern, which is managed by Bayern Kapital, with par...
    30-Mar-2020 News Investments
    MAHLE opens new battery testing center in UK
    MAHLE Powertrain has opened a new, dedicated facility for the extensive testing of battery modules in the UK, according to a report by Green Car Congress on 24 March. The new testing center, based at the powertrain specialist’s Northampton technical center, enables the strip-down and disassembly o...
    25-Mar-2020 News Investments
    INVESTMENT: Kyungshin Cables plans to build new factory in Serbia to produce EV charger cable sets
    South Korean company Kyungshin Cables plans to invest EUR20 million (USD22.3 million) to build a new factory for electric vehicle (EV) charger cable sets in Smederevska Palanka, Serbia, according to a press release on 6 March on the official website of the Development Agency of Serbia (RAS). The loc...
    16-Mar-2020 News Investments
    Marelli to relocate North American headquarters to Southfield, US
    Marelli will relocate its North American headquarters to Southfield, Michigan, US, according to a press release on 9 March 2020. To this end, the company has signed a multiyear lease and will occupy nearly 200,000 square feet of the brownfield site in Southfield, with room to grow. The three-story b...
    11-Mar-2020 News Investments
    INVESTMENT: Brose begins construction of new manufacturing plant, development center in Serbia
    Germany-based automotive components supplier Brose recently celebrated the groundbreaking ceremony for its new development and production facility in Serbia. According to a press release issued on 6 March, the company stated that it has laid the foundation stone for this new plant, which will be loc...
    09-Mar-2020 News Investments
    INVESTMENT: Leoni opens new facility at Mexican plant to produce high-voltage charging cables for EVs
    Leoni has inaugurated a new industrial building at its Cuauhtémoc facility in Mexico to produce cables for electric vehicles (EV), according to a report by El Heraldo de Chihuahua. According to a report by Mexico Now, high voltage charging cables will be produced for automakers such as Tesla, GM, a...
    03-Mar-2020 News Investments
    Startup Graphcore raises USD150 million
    Bristol, UK-based Graphcore has announced it has raised USD150 million in funding for R&D and to continue bringing on new customers, Tech Crunch reported on 25 February. Tech Crunch adds that Graphcore has now raised over USD450 million and says that it has some USD300 million in cash reserves. ...
    26-Feb-2020 News Investments
    Marelli to open new R&D center in Italy for body and lighting electronics, sensors aimed at ADAS
    Marelli has announced plans to open a new research and development (R&D) center in Turin, Italy, the company said in a press release on 14 February. The R&D center, with a total surface area of over 3,000 square meters on five floors, is located near Marelli’s plant in Turin. It will have ...
    17-Feb-2020 News Investments
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