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    IHS Markit launches 2021 OEM-Supplier Relations (SuRe) survey
    The automotive industry’s global survey of OEM-supplier relations has returned, giving tier-one suppliers the opportunity to express their views and opinions on their relationship with every major OEM from today (April 12). IHS Markit's unique SuRe (Supplier Relations) Index scores and ranks OE...
    12-Apr-2021 News OEM Purchasing Pinned
    Android’s grip tightens on automotive OS
    Android Automotive has taken the automotive headunit by storm. From its initial introduction in early 2017 until now, six global automakers across more than 10 brands have signed on, accounting for nearly one-fifth of all vehicles once fully rolled out. The significance of Android Automotive lies wi...
    ACQUISITION: PPG announces acquisition of automotive coatings manufacturer, Cetelon Lackfabrik
    PPG announced that it has acquired coatings manufacturer, Cetelon Lackfabrik, without disclosing the financial details of the transaction, according to a company press release on 19 April. Significance: Cetelon Lackfabrik manufactures automotive wheel coatings apart from coatings for light truck ...
    3D printing tech startup Azul 3D appoints Paul F. Decker as CEO
    According to a press release from Azul 3D dated 4 March (via an article by BusinessWire), 3D printing tech startup Azul 3D has appointed Paul Decker as CEO, effective 1 March 2021. The company’s HARP™ technology allows the printing of 3D structures from a wide pallet of materials....
    Suppliers to the new Seat Leon
    The fourth-generation 2020 Seat Leon is assembled at Seat's facility in Martorell, Spain. Output of the new version of the hatchback is expected to peak at more than 129,000 units in 2022, according to IHS Markit. If you would like your company included in this feature or the car cutaways pub...
    Asahi Kasei relocates European headquarters to Düsseldorf, Germany
    Asahi Kasei Europe has relocated its office and research and development (R&D) functions to its new base at Düsseldorf Harbor in Germany, according to a company press release on 13 April. The new headquarters includes office spaces, a showroom for automotive materials and an R&D center, whi...
    AutotechInsight Weekly – 19 April 2021
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    Acquisition: Aludyne acquires Shiloh Industries’ CastLight division
    Aluminum and iron parts supplier, Aludyne has acquired Shiloh Industries’ CastLight division according to a company press release on 13 April. The acquisition combined entity is expected to generate pro forma revenue of more than USD1 billion. Current Capital Partners LLC and KPMG acted as financi...
    Auto Shanghai 2021: NTN to exhibit ball bearing products for electrified vehicles
    NTN Corporation has announced that it will exhibit products pertaining to electrification, low fuel consumption, and higher efficiency at the Auto Shanghai 2021 held in Shanghai, mainland China, from 19 to 28 April, according to a company press release on 15 April 2020. These mainly include bearings...
    16-Apr-2021 News New Products
    Posco to set up new lithium refining plant in Gwangyang, South Korea
    South Korean steelmaker POSCO anounced plans to build a plant in South Korea to extract lithium hydroxide, which is a key material for electric vehicle (EV) batteries, Yonhap News Agency reported on 14 April. POSCO’s board of directors have approved the plan to build a plant in the southern indust...
    16-Apr-2021 News Investments
    GAC unveils sponge silicon electrode technology on GAC Tech Day
    GAC has a sponge silicon electrode technology on GAC Tech Day 2021, according to a company press release on 13 April. The company has put in “years of research” to develop and patent the “sponge silicon negative plate battery technology”. The battery makes the silicon negative sheet inside t...
    Dow to showcase silicone material technologies at international conference in China
    Dow will share information about its advanced silicone solutions for mobility applications during two technical presentations at electronica China's 2021 China International Automotive Electronics and Electric Vehicle Conference, according to a company press release on 13 April. The company’s scie...
    13-Apr-2021 News New Products
    AK Automotive to invest USD23.8 million to expand car parts factory in Slovenia
    AK Automotive plans to invest EUR20 million (USD23.8 million) to expand its car parts factory in Koper, Slovenia, according to a report by SeeNews on 12 April. AK Automotive intends to build a new production unit spreading on 2,000 square meters of area to produce car parts and chassis parts. Sig...
    13-Apr-2021 News Investments
    Novares breaks ground on new plant in Shenyang, China
    Novares broke ground on expansion of Shenyang plant in mainland China, which will increase the site’s capacity by 15 production lines, according to a company press release on 9 April. The expansion is expected to be completed on 31 October 2021, bringing the total land area of the Shenyang site to...
    13-Apr-2021 News Investments
    AutotechInsight Weekly – 12 April 2021
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    IHS Markit launches 2021 OEM-Supplier Relations (SuRe) survey
    The automotive industry’s global survey of OEM-supplier relations has returned, giving tier-one suppliers the opportunity to express their views and opinions on their relationship with every major OEM from today (April 12). IHS Markit's unique SuRe (Supplier Relations) Index scores and ranks OE...
    Stahl launches next-generation lightweight automotive leathers
    Stahl has launched a range of next-generation solutions for lightweight automotive leathers without compromising on quality, according to a company press release on 30 March 2021. The new Stahlite® range is ideal for use in the retanning and fatliquoring stages of wet-end leather production process...
    12-Apr-2021 News New Products
    Volvo, SSAB collaborate to manufacture vehicles with fossil-free steel
    Volvo Group and SSAB have signed a collaboration agreement on research, development, serial production and commercialization of vehicles to be made of steel that is manufactured without using fossil fuels. According to a press release issued by SSAB on 8 April, the company stated that this year, Vol...
    09-Apr-2021 News New Products
    ACQUISITION: Eissmann Group completes acquisition of Minda KTSN
    Eissmann Group Automotive has announced the completion of acquisition of Minda KTSN Plastic Solutions GmbH & Co. KG, according to a press release on 7 April 2021. The company closed the acquisition as planned on 31 March. The former Minda KTSN Plastic Solutions is now called Eissmann Automotive ...
    Continental to expand production operations in Timișoara, Romania
    Germany-based Continental has purchased a new building in Timișoara, Romania to expand operations in the country. According to a company press release on 7 April 2021, the new building includes the production hall and offices located on Otto Rudolf Street, in the Freidorf Timișoara Industrial Park...
    08-Apr-2021 News Investments
    Posco to supply electrode materials for GM Ultium batteries
    The South Korean company Posco Chemical will supply anode and cathode materials to Ultium Cells, the joint venture (JV) between General Motors and LG Energy Solution for the series production of battery cells, according to a report by electrive.com on 7 April. Posco Chemical had signed a correspo...
    AutoTechInsight Webinar: Bridging the Gap from Level 2+ to Autonomous Driving
    Watch an on-demand replay now AutoTechInsight Webinar: Bridging the Gap from Level 2+ to Autonomous Driving Automated driving sits at the forefront of vehicle technology and presents an opportunity for brand differentiation in a crowded market. As automakers, suppliers, and mobility provi...
    07-Apr-2021 News Webinars
    Croatian car parts maker AD Plastik secures new contracts from AvtoVAZ, Nissan, VW, PSA
    AD Plastik has secured new deals in Russia from AvtoVAZ worth EUR10.4 million (USD12.3 million), according to a company press release on 6 April. The project is expected to last eight years. In addition, the company has secured deals worth EUR6.2 million in Russia from Nissan and the Volkswagen Grou...
    TactoTek and Amphenol team up for smart automotive surfaces
    TactoTek®, the Finland-based company that develops and licenses in-mold structural electronics (IMSE®) technology, and Amphenol ICC have announced a collaboration to develop automotive grade in-mold connectors for TactoTek IMSE technology, TactoTek announced in a press release on 31 March 2021. ...
    07-Apr-2021 News New Products
    Piedmont Lithium appoints David Klanecky as COO
    Piedmont Lithium Ltd. (PLL) announced David Klanecky as EVP and COO. He will join the lithium chemicals company in April 2021 and be based at its Belmont, North Carolina headquarters. Keith Phillips, president, and CEO said, “We are very pleased to welcome David to our senior management team. D...
    Solvay, Maincor Rohrsysteme develop technique to extrude flexible corrugated tubing
    Solvay and Maincor Rohrsysteme GmbH & Co. KG have introduced a technique to manufacture a more flexible, extruded corrugated tubing with varying wall thicknesses and diameters, according to company press release on April 1. Significance: Solvay previously introduced Ryton® PPS mono-layer ext...
    06-Apr-2021 News New Products
    NSK develops third-generation ultra-high-speed ball bearing for EV motors
    Japan-based NSK Ltd. has developed a third-generation ultra-high-speed ball bearing for electric vehicle (EV) motors, according to a company press release on 1 April 2021. The new ball bearing is capable of operating at over 1.8 million dmN. The bearing is grease-lubricated deep groove ball beari...
    05-Apr-2021 News New Products
    Use of recyclable materials increasing in automotive industry
    Automotive has been considered one of the most resource-intensive manufacturing industries for several decades now. Be it the use of fossil fuel or raw materials that are not biodegradable, automotive is perceived to be an industry with a substantial environmental impact. This has made the automotiv...
    AutotechInsight Weekly – 5 April 2021
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    Henkel expects Q1 2021 organic sales growth of around 7%
    Henkel has reported a growth of 7% in its net sales compared with current expectations of 3.5%, according to a company press release on 31 March. The company reports that the Adhesive Technologies business unit is expected to achieve an organic sales growth of around 12.5%. Henkel expects ...
    Covestro completes first consulting project on CMF trends for Guangzhou Automobile Group
    Covestro is strengthening its color, material, and finish (CMF) capabilities. By way of this, the material supplier has completed its first consulting project on CMF trends and material design for the Advanced Design Department at the Research and Development Center of Guangzhou Automobile Group Co....
    BMW signs USD334.5 million contract to source lithium from Livent
    BMW has announced that it will source lithium from US-based Livent, according to a company press release on 30 March. The multiyear contract, which is worth around EUR285 million (USD334.5 million), will begin from 2022, in which Livent will supply lithium directly to BMW Group’s battery cell manu...
    Radici Group invests USD40 million in high-performance polymers plants worldwide
    The RadiciGroup High Performance Polymers Business Area is investing over EUR35 million (USD40 million) to add to its global production capacity with new construction and installations in North America, Europe, and mainland China, according to a company press release on 31 March. Significance: ...
    01-Apr-2021 News Investments
    Teijin Ltd., Applied EV team up to develop LS-EV prototype with polycarbonate resin glazing
    Teijin Limited has announced that together with Applied Electric Vehicles (Applied EV) it has developed a highly energy-efficient low-speed electric vehicle (LS-EV) prototype for autonomous driving systems and other mobility applications for zero-emission mobility, according to a company press relea...
    LANXESS to produce electrolyte formulations for Li-ion batteries from 2022
    LANXESS is entering the field of battery chemistry by cooperating with Guangzhou Tinci Materials Technology Co. (Tinci), a lithium-ion (Li-ion) battery materials manufacturer based in mainland China, according to a company press release on 30 March. Starting next year LANXESS will produce electrolyt...
    31-Mar-2021 News Investments
    Freudenberg reports 6.6 % y/y decline in sales to USD10.9 billion for FY 2020
    Freudenberg Group has reported a sales of EUR8.84 billion (USD10.86 billion) in the full year ended 31 December 2020, compared to EUR9.46 billion in the previous year, according to a company press release on 30 March. Operating income of the Freudenberg Group, however, fell 22.4% year on year (y/y) ...
    Chinese supplier Senior Technology Material to invest USD288 million in production facility in Sweden
    Shenzhen Senior Technology Material has announced plans to invest SEK2.5 billion (USD288 million) to establish a production facility at Svista industrial estate in Eskilstuna, Sweden, Business Sweden reported on 25 March. The planned investment, Senior Technology’s first outside mainland China, wi...
    30-Mar-2021 News Investments
    Central Glass revises FY 2020/21 financial outlook
    Central Glass has revised its full-year forecasts after announcing that it would record extraordinary income and loss for the current financial year ending 31 March 2021, the company said in a press release on 29 March. As per the revised forecasts, the Japanese supplier expects full-year net sales ...
    AutotechInsight Weekly – 29 March 2021
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    Ford, HP collaborate to transform 3D waste into injection molded auto parts
    Ford announced its collaboration with HP to innovatively reuse spent 3D printed powders and parts, closing the loop and turning them into injection molded vehicle parts, the automaker said in a press release on 25 March. Ford’s team created this solution that produces zero waste at its Advanced Ma...
    Mazda recalls 2,668 vehicles in Australia over issue with boot's power liftgate
    Mazda has issued a recall of 2,668 vehicles in Australia over an issue with boot’s power liftgate, according to a recall notice on the Australian Competition and Commission (ACCC) website on 21 March 2021. The recall affects model year 2020 Mazda CX-30 (DM) Astina vehicles. Significance: In&nbs...
    29-Mar-2021 News Recalls
    Stratasys, Xometry partner to offer four new high-performance nylon materials for automotive applications
    Stratasys Direct Manufacturing will provide several new high-performance nylon material options to Xometry’s customers, the two companies announced through a press release on 4 March. The four nylon materials are Nylon 11 EX, Nylon 11 HST, Nylon 12 AF, and Nylon 12 CF. Significance: ...
    26-Mar-2021 News New Products
    Audi, EOS expand use of metal 3D printing applications
    Owing to its partnership with EOS, Audi has moved entirely to additive manufacturing for selected tool segments for hot forming at its Metal 3D Printing Centre in Ingolstadt, Germany, dispense with conventional production methods in these cases, according to a press release by EOS on 18 March. Si...
    European Commission plans to impose antidumping duties on certain aluminum products from mainland China
    The European Commission has pre-disclosed on March 15 that intends to impose provisional antidumping duties ranging between 19.6% and 47.3% on certain flat rolled aluminum products from Mainland China, according to a press release by Hydro, a leading industrial company on 22 March 2021. The dutie...
    Grupo Antolin supplies interior trim components, ambient lighting to new Skoda Auto Kushaq SUV in India
    Grupo Antolin is supplying door panels, headliners, ambient lighting for instrument panels, seat plastic parts, exterior wheel liners, and wheel arch cladding to the new ŠKODA Kushaq compact sports utility vehicle (SUV) in India, Spain-based automotive supplier informed on networking site LinkedIn....
    AutoTechInsight Webinar: Automotive chip shortage - do we ever learn?
    Watch an on-demand replay now  AutoTechInsight Webinar: Automotive chip shortage - do we ever learn? Phil Amsrud and Jeremie Bouchaud will present on the origin of the chip shortage and will explain the specifics of the automotive chip supply chain. IHS Markit will also analyze best pract...
    24-Mar-2021 News Webinars
    Volkswagen partner Gotion High-Tech to set up battery recycling plant in Hefei, mainland China
    Volkswagen’s Chinese battery partner Gotion High-Tech has announced plans to invest a total of USD1.8 billion in the construction of battery recycling and raw material production facilities for lithium-ion (Li-ion) batteries in Hefei city, reports electrive.com. The company expects to complete the...
    24-Mar-2021 News Investments
    NSK develops ultra-high-speed bearing for hybrids, EVs
    NSK has developed a new ultra-high-speed bearing ideal for electric vehicles (EVs), including battery electric, hybrid, and other new energy vehicles, according to a company press release on 18 March. The new bearing allows electric motors to operate at higher speeds, reducing power consumption per ...
    24-Mar-2021 News New Products
    Stratasys introduces ABS-based carbon-fiber for 3D printers
    Stratasys has introduced an ABS-based (Acrylonitrile Butadiene Styrene) carbon-fiber material called FDM ABS-CF10 for its line of F123 Series 3D printers, according to a company press release. Significance: The new FDM ABS-CF10 material features 10% chopped carbon fiber thereby making it a compel...
    24-Mar-2021 News New Products
    Sweden’s Chalmers University, KTH Royal Institute of Technology produce structural ‘massless’ battery
    Researchers from Chalmers University of Technology in partnership with KTH Royal Institute of Technology in Stockholm, Sweden, have produced a structural battery that performs 10 times better than previous prototypes, according to a press release on 21 March. The battery contains carbon fiber that s...
    24-Mar-2021 News New Products
    Alcoa supplies sustainable low-carbon aluminum for wheels on Audi’s e-tron GT
    Alcoa Corporation is supplying sustainable aluminum for wheels used on the Audi e-tron GT, which is the first vehicle to ever use metal from a revolutionary technology that eliminates all direct carbon dioxide emissions from the traditional smelting process, Alcoa and Audi announced in separate pres...
    Suppliers to the new Toyota Supra
    The fifth-generation 2020 Toyota Supra is assembled at Toyota's facility in Graz #2, Austria. Output of the new version of the sports grand tourer is expected to peak at more than 8,800 units in 2022, according to IHS Markit. If you would like your company included in this feature or the car ...
    AutotechInsight Weekly – 22 March 2021
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    Leoni posts 14.7% y/y fall in FY 2020 sales to USD5.08 billion
    Leoni has announced a 14.7% year-on-year (y/y) drop in full year 2020 sales to EUR4.13 billion (USD5.08 billion), according to a company press release on 17 March. Consolidated net loss narrowed to EUR330 million from EUR435 million a year earlier. Leoni said its business in 2020 was significantl...
    ZF FY 2020 sales declines by 10.7% y/y to USD40 billion
    ZF has reported 10.7% year-over-year (y/y) decline in sales to EUR32.6 billion (USD40 billion) in the financial year ended 31 December 2020, the Germany-based automotive supplier said in a press release on 19 March. The company generated 46% of its 2020 sales from Europe. North America and Asia-Paci...
    Asahi Kasei to ramp up LIB separator production capacity in Japan
    Asahi Kasei has announced that the company will increase production capacity for Hipore™ Li-ion battery (LIB) separator at its plant in Hyuga, Miyazaki, Japan, according to a company press release on 15 March. The Japanese supplier is investing JPY30 billion (around USD275 million) to expand capac...
    19-Mar-2021 News Investments
    Freudenberg Sealing Technologies expands material testing capabilities in US
    Freudenberg Sealing Technologies has expanded its material testing capabilities to include performance and compatibility evaluations for materials used to seal and maintain lithium-ion (Li-ion) batteries, according to a company press release on 16 March. The company has installed advanced equipment ...
    17-Mar-2021 News Investments
    REE Automotive unveils five new REEcorner™ technology packs
    E-mobility sector company REE Automotive (REE) has revealed five new and improved REEcorner™ architecture designs, as well as electric vehicle (EV) platforms technology for its range of commercial EVs. REE plans on offering tailored technical configurations to fulfill specific B2B needs, i...
    17-Mar-2021 News New Products
    DIVESTMENT: Mutares sells majority stake in STS Group to Adler Pelzer
    Mutares SE & Co.  has signed a share purchase agreement with Adler Pelzer Holding GmbH, a company of the Adler Pelzer Group, for the sale of its entire majority shareholding of 73.25% in STS Group AG, according to separate press releases by STS and Adler Pelzer on 11 March. Mutares expects ...
    Indian supplier UNO Minda Group realigns business domains
    Indian supplier UNO Minda is realigning its business domains to be future-ready, according to a regulatory filing by the company on 15 March. The company has been working on ‘Organization & Business Transformation’ project for last few months in partnership with a global consulting firm. The...
    Suppliers to the new Audi A3
    The fourth-generation 2020 Audi A3 is assembled at Audi's facility in Ingolstadt #1, Germany. Output of the new version of the compact sedan is expected to peak at more than 59,000 units in 2023, according to IHS Markit. If you would like your company included in this feature or the car cutaw...
    Supply shortage of steel from POSCO’s Indian factory may force automakers to suspend production, says SIAM
    The supply shortage of steel from POSCO Maharashtra Steel Limited (PMIL) plant in Raigad could lead to production suspensions at several automakers in India, the Society of Indian Automobile Manufacturers (SIAM) said on 15 March. The plant is currently facing labor issues that has resulted in disrup...
    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
    Dow plans USD250 million to build South China Specialties Hub for polyurethane production
    Dow has signed a memorandum of understanding (MoU) with the Zhanjiang Economic and Technological Development Zone Administrative Committee (Zhanjiang EDZ) in mainland China, to build the Dow South China Specialties Hub according to a company press release on 4 March. The company plans to invest USD2...
    16-Mar-2021 News Investments
    Winter Storm Uri impacts on automotive supply chain
    The Winter Storm Uri that hit the United States Gulf Coast (USGC) region in the third week of February 2021 resulted in one of the worst electric grid outages in the United States, leaving millions of people without electrici...
    AutotechInsight Weekly – 15 March 2021
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    German supplier KIRCHHOFF Automotive to invest UDS15 million in assembly facility in US
    Germany-based automotive supplier, KIRCHHOFF Automotive is investing USD15 million to open an assembly facility in Lawrenceville, Georgia, US, according to a press release on 8 March from Georgia Department of Economic Development (GDEcD). The project is expected to create 73 new jobs in Gwinnett Co...
    15-Mar-2021 News Investments
    BMW invests in CO2-free steel production method developed by Boston Metal
    The BMW Group is investing in a method for carbon dioxide (CO2)-free steel production developed by American startup Boston Metal, through its venture capital fund, BMW i Ventures, according to a press release on 12 March. Moving forward, Boston Metal plans to industrialize the new method for steel p...
    15-Mar-2021 News Investments
    EV battery startup SolidEnergy and GM collaborate to develop lithium-metal batteries
    US-based automaker, General Motors, has announced a joint development agreement with lithium metal battery innovator, SolidEnergy Systems (SES). According to a press release issued by GM on 11 March, the company’s initial prototype of its lithium metal battery has already completed 150,000 simulat...
    12-Mar-2021 News New Products
    India-based Sandhar Technologies to open production facility in Romania
    Indian autoparts supplier Sandhar Technologies will establish a new facility in Romania to produce diecast aluminium components for car wipers and seat belt retractor spindles, Profit.ro reported on 10 March. The company has established a branch in Bucharest, Sandhar Technologies RO, through its Spa...
    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
    SGL Carbon receives USD51.3 million funding to develop graphite anode materials
    SGL Carbon, a supplier of graphite and carbon products, has received a funding worth EUR42.9 million (USD51.3 million) for the development and industrialization of innovative anode materials made of synthetic graphite for use in lithium-ion (Li-ion) batteries, the company announced in a press releas...
    12-Mar-2021 News New Products
    Continental Structural Plastics launches new composites for EV battery enclosures
    Continental Structural Plastics (CSP), a Teijin Group Company, has launched several new advanced composite formulations for electric vehicle (EV) battery enclosures, according to a company press release on 9 March 2021. These composite formulations meet the performance standards for flammability, th...
    12-Mar-2021 News New Products
    Sintercom India raises fund from Miba group
    Sintercom India Limited (Company) has raised funds on a preferential private placement basis in the form of equity shares and compulsory convertible debentures (CCDs) from one of its promoters Miba Sinter Holding GmbH & CO KG (Miba), according to a press release on 5 March 2021. The funds raised...
    University of Texas El Pato develops low-cost 3D printer to fabricate hybrid electronic devices
    Researchers based at the University of Texas at El Paso (UTEP) have developed a new low-cost Aerosol Jet Printing (AJP) system that’s capable of fabricating hybrid electronic devices, reports 3D Printing Industry. The 3D printer costs USD12,000 and is based on a 32-bit microcontroller (MCU), which...
    11-Mar-2021 News New Products
    AutoTechInsight Webinar: Augmented reality - A new frontier for automotive head-up displays
    Watch an on-demand replay now  AutoTechInsight Webinar: Augmented reality: A new frontier for automotive head-up displays This webinar will provide context by reviewing the global trends driving the market for head-up displays. Trends will be considered amongst the backdrop of curren...
    10-Mar-2021 News Webinars
    Stratus Plastics expands operations at US plant for automotive application
    Canada-based injection molding company, Stratus Plastics International is expanding production at its manufacturing plant in Morgantown, Kentucky, US, and adding 40 new jobs there, according to a report by Canadian Plastics on 9 March. The expansion and hiring comes on the back of increased demand a...
    10-Mar-2021 News Investments
    Continental’s FY 2020 sales declines 15.3% y/y to USD46.3 billion
    Continental has reported a 15.3% year-on-year (y/y) decline in sales to EUR37.7 billion (USD46.3 billion) for the fiscal year ended 31 December 2020, the German car parts supplier said in a press release on 9 March 2021. The company posted minus EBIT of EUR718.1 million, compared with minus EBIT of ...
    ElringKlinger secures high volume order for battery components
    German automotive components manufacturer, ElringKlinger AG, has announced that it has won a high-volume contract for supplying cell contacting systems. According to a press release issued by ElringKlinger on 9 March, from the first half of 2022 onward, the company will supply the German plant of a ...
    Vale agrees to sell stake in nickel business in New Caledonia; Tesla becomes technical partner
    Political leaders in New Caledonia have agreed to new terms for the sale of Vale’s nickel business, including a majority stake holding for local interests, alongside forming a “technical and industrial partnership” with Tesla, according to a Reuters report. Under the new agreement, political g...
    Elix teams up with Polyscope for automotive interiors materials
    ELIX Polymers has teamed up with Polyscope Polymers for specialty materials for automotive interior applications, ELIX announced in a press release on 2 March 2021. Cooperation to develop thermoplastic solutions for premium automotive parts such as sunroof modules and other structural components. ...
    Autoneum’s FY 2020 revenue down 24.2% y/y to USD1.9 billion
    Autoneum’s revenue fell by 24.2% year on year (y/y) to CHF1.7 billion (USD1.9 billion) for the full year ended 31 December 2020, according to a company press release on 3 March 2021. The EBITDA for the year also declined 9.5% y/y to CHF148.5 million. The company reported an EBIT of CHF27.8 million...
    Skeleton Technologies, Marubeni to launch ‘SuperBattery’ graphene ultracapacitor in Asian market
    Skeleton Technologies has partnered with Japanese company Marubeni to launch ‘SuperBattery’ graphene ultracapacitor for the Asian market, the company said in a press release on 5 March. The partnership will primarily focus on the SuperBattery product line, which has 15-second charging capability...
    Automakers in US face potential seat foam shortage
    Vehicle manufacturers in the United States may face seat foam shortage in the next few weeks due the severe winter storm that hit Texas last month and caused one of the worst electric grid outages recently, Automotive News reported on 7 March. The electric grid outages forced oil refineries in Texas...
    Superior Industries FY 2020 sales declines 19.7% y/y to USD1.1 billion
    US-based light vehicle aluminum wheel supplier Superior Industries (Superior) has posted its financial results for the full fiscal year (FY) 2020. According to a press release issued by Superior on 5 March, the company posted a net sales figure of USD1.1 billion, which implies a reduction of 19.75% ...
    AutoTechInsight Weekly – 8 March 2021
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    Battery materials company DeepGreen Metals to go public through merger
    Battery materials company DeepGreen Metals is set to go public on the New York Stock Exchange (NYSE) through a merger with Sustainable Opportunities Acquisition Corporation, the company announced in a press release on 4 March. The transaction represents a pro-forma equity value of USD2.9 billion (as...
    Unifrax develops new silicon fiber anode battery technology for lithium-ion batteries
    Unifrax has developed a new silicon fiber anode battery technology ‘SIFAB,’ the company announced in a press release on 2 March. The technology is currently in the advanced testing stage. The company expects production to come online in early 2022 with plans to build thousands of tons of lo...
    05-Mar-2021 News New Products
    Rheinmetall wins business for electromotor housings in China
    Rheinmetall joint venture (JV) HASCO KSPG Nonferrous Components (Shanghai) Co., Ltd. (KPSNC) has won a major order from a major undisclosed international automaker for supply of electromotor housings, according to a company press release on 3 March 2021. The order encompasses electromotor housings m...
    Martinrea FY 2020 sales dips 12.6% y/y to USD3.38 billion
    Canada-based automotive components supplier Martinrea has posted its financial results for the full fiscal year 2020. According to a press release issued by Martinrea on 4 March, the company posted a total sales figure of USD3.38 billion, which implies a reduction of 12.64 % year-over-year (y/y) fro...
    Grupo Antolin receives EPD certificate for eBú natural bamboo fabric
    Grupo Antolin has received Environmental Product Declaration (EPD) certificate for eBú, its natural bamboo fabric for use in automotive interiors, the Spanish supplier announced in a press release on 18 February 2021. As the new EPD ecolabel certifies, the eBú is the first and only bamboo fiber fa...
    Continental outlines new strategy for hose and line business
    German technology company Continental has announced a new strategy for its hose and line business, according to a company press release on 3 March 2021. The new strategy revolves around two primary objectives: “On the one hand, we are more strongly targeting eMobility as a major growth market. On ...
    Bekaert FY 2020 sales slide 12.7% y/y to USD4.55 billion
    Belgium-based automotive components supplier, Bekaert, has published its financial results for the 2020 fiscal year. According to a press release issued by Bekaert on 3 March, the company posted consolidated sales of EUR3.77 billion (approximately USD4.55 billion) during the FY 2020 period. This imp...
    Vedanta develops new aluminum cylinder head alloy
    In February, Vedanta Limited, an India-based producer of metals and oil & gas, launched aluminum cylinder head alloy, a raw material for manufacturing cylinder heads and other automotive components, the Press Trust of India reported on 10 February. The alloy leverages material design to help aut...
    03-Mar-2021 News New Products
    Faradion and Phillips 66 partner to develop advanced anode materials for sodium-ion batteries
    Faradion has partnered with Phillips 66 to develop advanced anode materials for sodium-ion batteries, the company announced in a press release on 25 February. The new anode material is claimed to be lower in cost and offer higher performance. “This agreement brings together Phillips 66’s strengt...
    Teijin and Applied EV develop polycarbonate solar roof for automotive use
    Teijin and Applied EV have jointly developed a polycarbonate solar roof for automotive use, Teijin announced in a press release on 2 March. Teijin and Applied EV deployed the solar roof on a prototype EV passenger pod, that was installed on the Blanc Robot—a zero-emission robotic vehicle platform ...
    03-Mar-2021 News New Products
    Georg Fischer’s FY 2020 sales declines 14.4% y/y to USD3.6 billion
    Georg Fischer (GF) has reported 14.4% year-over-year (y/y) declined in sales to CHF3.18 billion (USD3.6 billion) in the financial year ended 31 December 2020, the company said in a press release on 1 March. Sales declined organically by 8.4%. The company witnessed 20% drop in EBITDA to CHF299 millio...
    EDAG begins construction of new test center in Munich, Germany
    The EDAG Group, an engineering service provider for the mobility industry, has begun construction a new test center at the ‘Waldmeisterstraße’ site in Munich, Germany, according to a company press release on 2 March 2021. The center is expected to be completed in the coming months. EDAG's 140 E...
    03-Mar-2021 News Investments
    thyssenkrupp launches specialist auto body company
    thyssenkrupp has launched an Automotive Body Solutions business unit, which specializes in body assembly solutions and the production of lightweight body components for automotive customers, the German company announced in a press release on 1 March. The new unit has been created from the splitting ...
    Evonik develops silicon-carbon composite anode material for Li-ion batteries
    Evonik has developed a silicon-carbon composite anode material, Siridion Black, for lithium-ion (Li-ion) batteries, the company announced in a press release on 25 February. The new anode material makes batteries more powerful by increasing energy density and improving the fast-charging capability an...
    02-Mar-2021 News New Products
    AutoTechInsight Weekly – 1 March 2021
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    POSCO plans to expand cathode plant in South Korea
    POSCO Chemical Co., an affiliate of South Korea's steel major POSCO Group, is planning to invest KRW275.8 billion (about USD248 million) to expand its production capacity of cathodes, a key component for electric vehicle (EV) batteries, in South Korea, Yonhap News Agency reported on 23 February. POS...
    01-Mar-2021 News Investments
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