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    Electrical steel production in US far from sufficient to support OEMs’ electrification goals
    According to S&P Global Mobility, hybrid and electric light vehicle production in the United States is forecast to grow at a compound annual growth rate (CAGR) of 17% between 2023 and 2030 to 9.8 million units. This is also going to drive demand for EV motors (e-motors) in the country, which we forecast will grow at a CAGR of 20% over the same period to 14 million units. Besides its application in other industries, electrical steel is also used in the manufacturing of e-motors and charger...
    Insights
    Our battery technology delivers a platform for manufacturing efficient, affordable EVs: OneD Battery Sciences
    S&P Global Mobility: How was OneD Battery Sciences established? Please tell us about the origin of ‘SINANODE’ platform. Vincent Pluvinage: I have lived in the Silicon Valley since 1987, and I have taken a couple of companies public. Since 2001–02, I have been active in Silicon Valley as an investor, mainly focusing on innovative technologies, where I can use my physics and bioengineering background, to bring to market technologies that are well patented. I am an inventor at heart...
    Insights
    Inalfa Roof Systems Group names Georges Andary as new CEO
    Inalfa Roof Systems Group, a global leader in the automotive industry based in the Netherlands, has appointed Georges Andary as its new president and CEO, effective October 1, a PR Newswire press release dated October 2 said. Andary brings over 28 years of executive leadership experience in the automotive industry, with a strong emphasis on customer relations, integrated collaboration, individual ownership and a commitment to continuous innovation. Inalfa Roof Systems develops and produces...
    News
    India's Lohum makes history with scaled lithium production
    Lohum, an Indian company, has become the first company outside of China to produce lithium in its pure metallic form at scale, according to an AutoCar article on September 29. This achievement marks a significant milestone in India's energy transition journey as it gears up for the growth of battery materials and cell technology industries. Lohum is India's largest producer of sustainable energy transition and battery materials. The company has developed a technologically advanced process for...
    News
    Horiba Mira opens driving simulator center to improve vehicle attribute engineering
    Automotive engineering, test and development consultancy Horiba Mira has launched its new Driving Simulator Centre at its UK head office in Nuneaton, Warwickshire. It comprises of cutting-edge driver-in-the-loop simulator technology, supported by Horiba Mira's unique engineering service and consultancy, the company said in a press release on September 28. Horiba Mira has invested more than £4 million in the new facility to enable established automotive original equipment manufacturers, new s...
    News
    Michelin completes acquisition of Flex Composite Group
    Michelin has completed the acquisition of Flex Composite Group (FCG), it said in a press release dated September 27. The enterprise value at the time of the initial announcement in June was €700 million. The acquisition will boost the group toward developing its polymer composites activities. FCG works on a wide range of polymer composite solutions, adjacent to those already developed by Michelin. It has 400 employees and primarily operates in Europe. The acquisition will boost Michelin...
    News
    AutoTechInsight Weekly – 02 October 2023
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    News
    Startup Atlas Materials raises $27 million in Series-A round
    Atlas Materials has raised $27 million in a Series-A funding round, Reuters reported September 29. Investors in the Series-A funding round included the Grantham Environmental Trust and Voyager Ventures. The total funds raised by the startup stands at $33 million. Atlas Materials intends to use the funds for engineering and design work for a plant they plan on building in North America, but admitted that further funding will be needed to actually build the plant. It aims to launch productio...
    News
    Gestamp gets ISO 45001:2018 certification for all its plants
    Automotive component supplier Gestamp announced September 28 that it has received the certification of ISO 45001:2018 standard in all production plants, thus consolidating certification throughout the group's perimeter, which demonstrates the company's commitment to occupational health and safety under international standards. The complete implementation of a Gestamp Health & Safety System in all the plants has been key during the audits of the prevention management system for a coherent ...
    News
    Polestar becomes first automotive company to join ChemSec
    Polestar has become the first automotive company to join the Business Group of environmental NGO ChemSec, an official press statement dated September 26 read. Companies including Apple and Adidas are already a part of the group. “ChemSec is very excited to welcome the [electric vehicle] manufacturer Polestar as our newest Business Group member. As a fairly young company, Polestar has the opportunity to really create a sustainable and progressive chemicals management policy from the start. W...
    News
    DuPont opens new adhesives plant in China to serve the auto sector
    DuPont in a September 27 press release announced the official opening of its new adhesives production facility in Zhangjiagang (ZJG), China. The new manufacturing location of the company will produce adhesives to serve customers in the transportation industry, primarily in lightweighting and fast-growing vehicle electrification applications. The company said that the plant, with a capacity to serve regional needs, is designed to deliver a world-class customer experience with state-of-the...
    News
    UAW strike: Struggling with stoppages, suppliers urge US president to provide financial assistance
    The Motor & Equipment Manufacturers Association (MEMA), a US automotive component supplier group, has urged US President Joe Biden to provide federal assistance to help auto parts companies impacted by the ongoing United Auto Workers (UAW) strike against the Detroit Three automakers, according to a news report published by Automotive News on September 26. The report stated that MEMA, which includes the association’s Original Equipment Suppliers and Aftermarket Suppliers groups, had in a...
    News
    Forvia partners with SSB to develop carbon-free steel seat structure
    Forvia has unveiled a world-first, carbon-free steel seat structure in partnership with SSAB, according to a company press release dated September 25. The structure has been made without fossil fuels and a very low CO2 footprint, about 90% lower compared to a traditional steel seat structure. “This first use in the world of steel free of fossil fuels in the manufacture of a front seat structure, a key element of the vehicle, shows that it is now possible to develop new automotive equipment ...
    News
    Rheinmetall wins new orders for battery trays, cylinder heads
    The Castings business unit of German auto parts supplier Rheinmetall’s Materials and Trade division has received two new orders to supply lightweight components, Rheinmetall announced September 26. The company said that the two new orders are for cylinder heads and battery trays, wherein Rheinmetall is slated to supply several million units of the former and nearly a million units of the latter. Without disclosing the names of its customers, the company said that the first order has come fr...
    News
    Solvay to launch two grades of Ryton PPS Supreme resins for e-mobility applications
    Solvay will feature its latest innovations in sustainable polymer solutions at Fakuma 2023, it said in a press release dated September 19. “Solvay will launch two new grades of Ryton polyphenylene sulfide (PPS) Supreme resins, bringing enhanced performance benefits in e-mobility applications,” said Brian Baleno, head of Automotive Marketing. These new grades are produced with 100% renewable electricity. Solvay will also unveil its new Xencor Xtreme PPA grade for safety and reliability ...
    News
    AutoTechInsight Weekly – 25 September 2023
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    News
    Automotive leather producer Bridge of Weir opens Super Tannery in Scotland
    Bridge of Weir has opened a new Super Tannery in Scotland for responsible and sustainable leather production, it said in a press release on September 20. The Scottish Leather Group (SLG)-owned company invested £14 million to set up the tannery. The Super Tannery reduces the number of hide drums to 14 from 30 used earlier, despite a larger batch processing. It results in an 82% reduction in energy consumption and a 42% reduction in water usage compared to previous methods. Significance: Th...
    News
    Lohum to supply 25,000 metric tons of EV battery materials to OEM in Nepal
    Lohum is set to supply 25,000 metric tons of electric vehicle battery materials to multiple partners in Nepal, Moneycontrol reported September 21. The partnership will see the recycling of about 200,000 batteries, and the production of battery materials over a period of five years from batteries sold by the partners. “This partnership is a game-changer. As we delve into the details of this innovative collaboration, it's evident that the synergies are set to reshape industries and provide th...
    News
    Hyundai Steel to scale back from stainless steel business
    Due to declining demand from top customers such as Hyundai and Kia, along with a flood of Chinese-made products, Hyundai Steel Co. has decided to close its stainless steel-making plant in Incheon, South Korea, a report in The Korea Economic Daily said on September 20.  The paper further said the steelmaker recently informed its labor union of the decision, quoting sources. The company will transfer the Incheon factory employees to other plants after shutting down the plant at t...
    News
    Taiwanese supplier Hota to build first US factory in New Mexico – report
    According to a Reuters report on September 21, Hota Industrial Manufacturing Co. Ltd., a leading supplier to electric-vehicle maker Tesla, is planning to invest $99 million to build its first plant outside of Asia in the US state of New Mexico, the Taiwanese company said September 20, citing greater emphasis on regional production in supply chains. Hota, which makes gears and other auto components primarily in Taiwan, said it would begin construction on the factory in Santa Teresa, NM, n...
    News
    Tianqi Lithium invests $150 million in Smart JV
    Tianqi Lithium has invested $150 million in the Smart joint venture, Yicai Global reported September 14. Smart is a JV between Mercedes-Benz and Geely Holding Group to develop electric vehicles. Tianqi Lithium also signed strategic deals with Mercedes-Benz and Geely. The company will cooperate with Geely on resources, core materials, lithium-battery technology research, lightweight materials for new-energy vehicles and software development. Significance: The investment in Smart repres...
    News
    Toray partners with Honda to validate chemical nylon 6 recycling for automotive applications
    Toray Industries has signed an agreement with Honda Motor to jointly develop a chemical recycling technology for glass-fiber reinforced nylon 6 parts recovered from end-of-life vehicles, it said in a press release dated September 19. The companies are verifying the technology. Toray and Honda worked on subcritical water characteristics because of its high permeability, dissolving power and hydrolysis effect in resins to develop a technology that depolymerizes nylon 6 with that water. Subcriti...
    News
    BASF to showcase sustainable plastic solutions at Fakuma 2023
    BASF has said that it will showcase innovative and sustainable plastic solutions for the automotive industry at Fakuma 2023 in Germany, according to a company press release on September 19. BASF will also showcase multiple eMobility applications, including charging solutions, high-voltage connectors and bus-bar holders as well as battery components meeting high performance and safety standards during normal use and in case of damage or accidents. Significance: BASF will also display its range...
    News
    Composite adoption poised for strong growth in automotive body-in-white
    The automotive industry is currently undergoing a profound transformation driven by evolving consumer preferences and mounting concerns about climate change. Key challenges include reducing vehicle weight, improving crash performance and lowering construction costs. Composite materials, known for their superior strength-to-weight ratio, are emerging as a key solution for designing lightweight automotive components. This shift toward composites is primarily driven by their potential to signifi...
    Insights
    Suppliers to new Mercedes-Benz CLE
    The Mercedes Benz CLE is produced at the company’s plant Bremen  in Germany. The vehicle is expected to peak at more than 63833  in 2024, according to S&P Global Mobility forecast.
    Insights
    M. Holland Co. launches Mfinity line of sustainable resins
    M. Holland Co. has launched Mfinity, according to a press release dated September 12. Mfinity is a proprietary brand of compounds containing up to 100% recycled content in commodity and engineering materials. Mfinity also includes proprietary additives, bio-compounds and custom formulations designed for markets such as automotive and consumer goods. “Big brands and [original equipment manufacturers] alike have been increasingly pledging to integrate greater proportions of sustainable o...
    News
    Pyrum Innovations in talks with Thermo Lysi to build tire-recycling plant in Greece
    Pyrum Innovations has begun preliminary discussions with Thermo Lysi to develop a new plant for the recycling of end-of-life tires (ELT) in Greece, it said in a press release dated September 14. The plant is expected to have a capacity of 20,000 metric tons of ELT annually. “We are looking forward to realising this groundbreaking project in Greece together with Thermo Lysi SA. The assignment of the design and all the necessary work for the issuance of the building permit underlines the trus...
    News
    Mercedes-Benz and Steel Dynamics secure sustainable steel supply deal for Tuscaloosa, Ala., plant
    Mercedes-Benz has signed an agreement with Steel Dynamics Inc. (SDI) to source more than 50,000 metric tons of CO2-reduced steel annually for its plant in Tuscaloosa, Ala., according to a press release on September 18. SDI steel will be made using an electric arc furnace (EAF) and will use electricity from 100% renewable sources. With EAFs powered by green electricity, emissions can be reduced by more than half to 1.0-metric ton CO2 per metric ton steel on average, compared to prima...
    News
    Suppliers to Volkswagen ID3
     The Volkswagen ID3 is produced at  the parent plant in Wolfsburg in Germany. The vehicle is expected to peak at more than 43,000  in 2024, according to S&P Global Mobility forecast.
    Insights
    AutoTechInsight Weekly – 18 September 2023
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    News
    Mincer HD invests $70 million to build two plants in Hidalgo, Mexico
    UK-based auto-component maker, Mincer HD (MAT Holdings Inc.) plans to set up in Mineral de la Reforma, Hidalgo, Mexico, with an investment of $70 million. The fresh investment is likely to generate 350 direct jobs and 1,500 indirect jobs in the first stage, Mexico Now reported September 14. This was announced by Carlos Henkel Escorza, head of the Secretariat of Economic Development (Sedeco) of Hidalgo, who welcomed the UK company, which is a world leader in the engineering and manufacturing o...
    News
    LG Chem opens European customer solution center in Germany
    South Korean LG Chem has opened its first European Customer Solutions Center (EU CS Center) in Frankfurt, Germany, and now aims to provide comprehensive technology solutions for its European-based partners. The company started building the EU CS Center in 2021 with an investment of 50 billion South Korean won (about $37.6 million). The newly built three-story center has a total floor area of approximately 7,400 square meters. It accommodates pilot plants and processing lines for works such as...
    News
    TechMet-Mercuria leads $60 million Series-B funding in AI-enabled battery-materials innovator Mitra Chem
    Mitra Future Technologies Inc. (Mitra Chem), a leading innovator in North American production of lithium-ion battery materials raises $60 million in Series-B funding from TechMet-Mercuria (TMM), which will be its exclusive lithium chemicals procurement agent. The investment by TMM and the other participants in Series B, including General Motors (GM), will fuel Mitra Chem's mission to develop, deploy, and commercialize US-made, iron-based cathode materials to enable mass-market electrification...
    News
    Polyplastics unveils high-performance material for EV lithium-ion batteries
    Polyplastics Group has launched a high-performance material for electric vehicle batteries, it said in a press release on September 12. The Durafide PPS 6150T73 offers heat resistance, and thermal and electric-insulation properties for EV lithium-ion (Li-ion) batteries. The material maintains the insulation properties of busbars and module covers after being left in environments of 1,000°C for 30 minutes. The color of the material is similar to white, but it can also be tinted. Significance:...
    News
    Chinese supplier Baolong opens a new plant in Hungary
    According to a press release from the Hungarian Investment Promotional Agency dated September 11, PEX Automotive Systems Kft. and Baolong Holdings Europe Kft. has set up a new production site in the Hungarian city of Szigetszentmiklós. In addition to the traditional products of the company, such as brake-wear signals and cables, the plant will also produce e-mobility and intelligent automotive-related products. With an investment of €15 million, the plant will have 35 new jobs. The greenfi...
    News
    BASF partners with Nanotech Energy to make lithium-ion batteries with recycled materials
    BASF has collaborated with Nanotech Energy to manufacture lithium-ion (Li-ion) batteries in North America using locally recycled substance, it said in a press release on September 11. BASF will use cathode active materials from recycled metals in Michigan, US, which will be used in Li-ion battery cells produced by Nanotech Energy. The idea is to significantly reduce the CO2 footprint of Nanotech’s Li-ion batteries. The companies will also partner with Li-ion battery-recycling company A...
    News
    Toyota to use AGC’s Digital Curtain light control glass for its Century model
    AGC has announced that its Digital Curtain light control glass has been selected by Toyota for its Century model, according to a company press release on September 8. The vehicle will be launched later this year. The Digital Curtain in the rear seats allows for control of light transmission and visibility. Digital Curtain is a light control glass that reduces the heat and glare of the sunlight while also ensuring privacy in the dimmed mode. It also has a transmissive mode (clear state). Signi...
    News
    AutoTechInsight Weekly – 11 September 2023
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    News
    Gotion announces plans to set up a $2 billion lithium battery plant in Illinois ‒ report
    According to a Reuters report on September 9, China's Gotion High-tech Co Ltd is looking to set up a $2 billion electric vehicle (EV) lithium battery manufacturing plant in Manteno, Illinois, which would create about 2,600 new jobs, quoting the state governor's office Global EV battery makers and automakers have been eyeing the North American market for setting up new manufacturing plants as they look to diversify supply chains and attract incentives under the Inflation Reduction Act. Spea...
    News
    ABC Technologies to acquire Plastikon’s automotive business
    ABC Technologies has entered into an agreement to acquire an automotive business of Plastikon Industries, it said in a press release dated August 23. The acquisition cost is $130 million, with the transaction expected to close in the third calendar quarter of 2023. “Welcoming Plastikon Automotive into ABC Technologies will represent a significant step forward for our company. It amplifies our position as an industry leader in lightweighting and plastic injection molding, gives ABC a stronge...
    News
    IAA Mobility 2023: Rimac partners with EVE Energy for battery-cell production in Europe
    A major supplier of high-performance automotive technology solutions to global original equipment manufacturers, Rimac Technology announced joining hands with EVE Energy, a leading manufacturer of lithium batteries and pioneer of the 46xx cylindrical-cell format. The companies announced the collaboration in the ongoing Internationale Automobil-Ausstellung (IAA) Mobility 2023 in Munich, a company press release dated September 7 said. As part of the partnership, the two companies will...
    News
    Decarbonization Partners invests in battery-materials startup Ascend Elements
    Decarbonization Partners announced that it has invested in Ascend Elements, in a press release on September 6. Decarbonization Partners is a partnership between BlackRock and Temasek. Decarbonization Partners led Ascend Elements’ Series D round alongside Temasek and Qatar Investment Authority. “I’d like to thank Decarbonization Partners and our new and existing partners for helping us deliver on our vision of producing sustainable, engineered battery materials at a commercial scale. Our...
    News
    AGC develops production technology to make sulfide solid electrolytes for solid-state batteries
    AGC has developed a new production technology for the mass production of sulfide solid electrolytes used in all-solid-state automotive batteries, it said in a press release dated September 6. Sulfide solid electrolytes can be useful for automotive all-solid-state batteries due to their high-ionic conductivity. They can help extend vehicle range and shorten charging time. AGC recently established a melting method combining glass and chemical technologies to produce sulfide solid electrolytes, ...
    News
    Interior-parts maker Kuntai Co. to invest $30 million in Durango, Mexico
    Kuntai Co. is set to invest $30 million to establish its presence in Durango, Mexico, Mexico Now reported August 31. The supplier intends on creating 300 new jobs in the region. Kuntai works on design, development, production and sales of soft interiors for vehicles. It is also a key interior supplier to Tesla. Significance: Kuntai’s business partners include Audi, Volvo, GM, Toyota, Nissan and BMW. Kuntai’s products are used for essential interior items such as floor mats, inne...
    News
    Kasai develops door trims for Toyota Alphard and Vellfire models
    Interior-parts maker Kasai Kogyo Co. Ltd. has successfully developed thin initial thickness and highly foam injection molding, which are used in door trims for Toyota’s new Alphard and Vellfire models in Japan. In a press release dated August 31, Kasai said that the technology reduces the amount of plastic material used despite achieving optimal product performance. It leads to lightweighting of the vehicle and also to a reduction in CO2 emissions. Significance: The technology has been adop...
    News
    Indorama Ventures Mobility to invest $35 million in airbag-fabric making facility in Mexico
    Indorama Ventures Mobility will invest $35 million in its plant at the Huejotzingo industrial park in Mexico, according to a report by Mexico Now on August 31. The funding will be used for the construction of a new industrial plant to produce airbags. The announcement was attended by Ralf Koehnen, COO of Indorama Venture; Daniel Quiñones, manager of the Huejotzingo plant; Angélica Alvarado Juárez, the municipal president; and company personnel. Significance: While additio...
    News
    Magna’s mirror plant commences operation in Thailand
    Magna, one of the leading automotive suppliers, announced the opening of its new mirror-manufacturing plant in Rayong Province, Thailand, following an increase in awarded business in exterior mirrors, a company press release dated September 1 said. Magna’s Mirrors Division in Rayong Province produces exterior mirrors and various independent components that offer features including turn-signal, logo- and ground-illumination lamps; blind zone modules; and actuators for several globa...
    News
    AutoTechInsight Weekly – 04 September 2023
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    News
    Talking Heads: Reimagining production - Tesla's unboxed approach
    During Tesla’s Investor Day earlier this year, the carmaker explained its intention to increase the production of its next-generation electric vehicles and stationary battery storage in order to speed up the world's transition to electric vehicles (EVs). The driving force behind this is its Unboxed Process, a combination of refined manufacturing techniques and strategic process overhauls that will contribute to a substantial production cost reduction and facilitate the profitable build of t...
    Insights
    Kia to use recycled plastic in new EV models
    Kia intends on using recycled plastic in its new electric vehicle models, it said in a press release on August 28. This comes after Kia’s partner, The Ocean Cleanup, hauled in 55 metric tons of waste from the Pacific Ocean and is part of a seven-year global partnership agreed in April 2022. Recycling of the captured plastic will begin shortly with Kia using a proportion of it in future models. “The record catch of plastics brought to shore by The Ocean Cleanup for recycling is tangible pr...
    News
    Toyota launches Toyota Open Labs in Europe to help mobility startups
    Toyota Motor has launched Toyota Open Labs in Europe, it said in a press release on August 29. The open innovation platform will help startups with business units across the Toyota ecosystem to scale innovation. The program will help Toyota deepen its expertise across energy, circular economy, carbon-neutral technologies, smart communities and mobility for all initiatives. Toyota Open Labs partners include: Toyota Tsusho Europe, the trading and supply-chain arm of the Toyota group; Kinto...
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    Hyundai Motor Group partners with Korea Zinc on value chain for EV business
    Hyundai Motor Group (the Group) announced the signing of a memorandum of understanding (MOU) with Korea Zinc. The Group will cooperate with Korea Zinc, Korea's non-ferrous metal smelting company, in a comprehensive collaboration across the nickel value chain, according to a press release on August 30. Heung-soo Kim, executive vice president and head of Global Strategy Office for the Group, and Ki Duk Park, president and co-CEO of Korea Zinc, participated in the MOU signing ceremony....
    News
    Extrusion blow-molding equipment maker Kautex declares production site at Bonn, Germany, as insolvent
    Kautex Maschinenbau, an extrusion blow-molding equipment company, has declared the production site at its headquarters in Bonn, Germany, to be insolvent, according to a Plastics Today report on August 29. The announcement does not affect the company’s operation in Shunde, China. Kautex’s Bonn site, which will house an innovation and service center with associated production of sustainable high-end technologies, will not be affected despite the insolvency. A structured process has bee...
    News
    Redwood Materials raises over $1 billion in Series D financing round
    Redwood announced that it has raised over $1 billion in Series D shares, in a press release dated August 29. The round was coled by Goldman Sachs Asset Management and Capricorn's Technology Impact Fund, with funds and accounts advised by T. Rowe Price Associates Inc. Additional investors included MERS, Caterpillar Venture Capital, Microsoft’s Climate Innovation Fund and Deepwater Asset Management, among others. The company will use the funds to build capacity, expand the domestic batte...
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    AutoTechInsight Weekly – 28 August 2023
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    Northvolt raises $1.2 billion to expand operations in Europe and North America
    Northvolt has raised $1.2 billion to finance plans for its European and North American expansion, it said in a press release dated August 22. The funding is an extension of the $1.1 billion convertible note signed in July 2022. Investors include Investment Management Corporation of Ontario (IMCO), BlackRock and Canada Pension Plan Investment Board (CPP Investments), and Ontario Municipal Employees Retirement System (OMERS). “I’m proud to see our continued effort being recognized by i...
    News
    Posco Future M set to produce nickel in the Philippines
    South Korean battery-materials maker Posco Future M Co. is set to produce nickel in the Philippines to bolster its cathode supplies and improve profitability, The Korean Economic Daily reported August 18, quoting the company. The company signed a memorandum of agreement with Nickel Prime Solutions Inc. (NPSI), a unit under the Filipino miner and renewable energy producer MC Group, on August 17. The South Korean battery-materials maker and NPSI will set up a joint venture and co...
    News
    Sabic develops bio-based versions of Noryl resin grades
    Sabic has announced that it is offering bio-based versions of all Noryl, Flexible Noryl, Noryl GTX and Noryl PPX resin grades, in a press release dated August 15. The bio-based versions are formulated with polyphenylene ether (PPE) resin feedstocks to provide properties such as those of fossil-based grades. The Noryl GTX902BIO3 resin is a bio-based PPE alloy that provides high-chemical resistance for potential use in applications such as automotive wheel covers, automotive electrical componen...
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    Sabic’s resin for EV battery systems receives UL verification
    Sabic announced that its Stamax 30YH570 resin has earned the UL Verified Mark from Underwriters Laboratories, according to a company press release dated August 22. The 30% glass fiber-reinforced copolymer resin has become the first polymer used in electric vehicle battery systems to receive UL Verification for marketing claims of thermal and mechanical performance. “UL Verification for the thermal runaway protection of [Stamax] 30YH570 resin is a significant milestone in our ...
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    Vulcan commissions Lithium Extraction Optimisation Plant in Germany
    Vulcan Energy Resource Ltd. has commenced commissioning of its Lithium Extraction Optimisation Plant (LEOP) to extract, purify and concentrate lithium chloride from brine in the Upper Rhine Valley in Germany, it said in a press release on August 17. The commissioning phase is expected to run until October, when first brine will be introduced into the plant for the lithium extraction process to start. Vulcan began building the plant in 2022, seeing it as an operational training and product qua...
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    Hankook Tire publishes ‘2022/23 ESG Report’ highlighting sustainable management performance
    In a press release announcement on August 18, Hankook Tire & Technology (Hankook Tire) has published its "2022/23 ESG Report" highlighting its sustainability activities, performance and mid- and long-term strategies for the year. Based on Hankook Tire’s environmental, social and governance vision system — Innovation for a Sustainable Future — the 14th report since 2010 provides an overview of the company’s performance in three primary categories: Eco-Value Chain, Sustainabl...
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    AutoTechInsight Weekly – 21 August 2023
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    Valeo sells its propulsion systems business in Russia to NPK Avtopribor
    French automotive supplier Valeo Group announced August 18 that as part of its decision to divest its production activities in Russia, it has signed an agreement with NPK Avtopribor for the sale of all Valeo's production assets of its Powertrain Systems business in Russia. The company said completion of this transaction is subject to obtaining the necessary regulatory approvals. It will enable the 158 Russian employees in the business to keep their jobs. This sale will be carried ou...
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    Ford, EcoProBM and SK On plan on investing C$1.2 billion to build cathode manufacturing facility in Quebec
    Ford has announced that it is planning on investing C$1.2 billion, along with EcoProBM and SK On, to build a cathode manufacturing facility in Quebec, according to a company press release on August 17. The facility will provide materials for batteries that will be used in Ford’s future electric vehicles. Production is expected to begin in the first half of 2026 with a capacity to produce up to 45,000 metric tons of cathode active materials (CAM) per year. “Ford has been serving cu...
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    Stellantis invests over $100 million in geothermal-lithium project in California
    Stellantis will invest over $100 million to advance the development of Controlled Thermal Resources' (CTR's) Hell’s Kitchen project, it said in a press release dated August 17. Hell’s Kitchen is the world’s largest geothermal-lithium project with a total resource capacity to produce up to 300,000 metric tons of lithium carbonate equivalent per year. The companies have also expanded on their initial supply agreement. The updated agreement will see CTR supply up to 65,000 metric tons of b...
    News
    Rheinmetall signs contract to supply structural parts to EV manufacturer
    Rheinmetall will supply structural parts to a premium automaker for a contract in the low three-digit million euro range, according to a company press release dated August 17. The parts will be used in fully electric vehicles. Rheinmetall will begin supplying the parts from 2026 for a period of 10 years. The lateral girders will serve as lightweight structural parts. The parts will be based on a complex-casting solution and designed to reduce crash energy. The parts will support the chassis. ...
    News
    Samvardhana Motherson Q1 FY 2024 revenues up 27% YOY to 224.62 billion rupees
    India-based Samvardhana Motherson International reported a consolidated net profit of 6.01 billion rupees (about $72.60 million) for the quarter ended June 30, 2023, from 1.41 billion rupees a year earlier. Profit before tax from Modules and Polymer Product segments, which made up about 54% of revenue, nearly doubled, while the Wiring Harness business had a 61% jump. The company also benefited from a recovery in vehicle production volumes in its key markets of China, Europe, and North Am...
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    ICL begins construction of $400 million battery-materials manufacturing plant in St. Louis
    ICL has broken ground at its $400 million battery-materials manufacturing plant in St. Louis, it said in a press release dated August 9. The facility is expected to be operational by 2025. ICL’s investment in the plant was supported by a $197 million grant from the US Energy Department. “ICL is excited to be building the first North American, commercial-scale plant for this critical component required by the energy-storage, mobility and infrastructure end-markets, and we’re proud to mak...
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    AutoTechInsight Weekly – 14 August 2023
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    Toyoda Gosei announces 2030 Business Plan for sustainable growth
    Toyoda Gosei has announced a medium- to long-term management plan called the 2030 Business Plan, in a press release dated August 9, with the aim to achieve sustainable growth in the future. The company intends to pursue possibilities of polymers for the future of mobility and will look to deliver high-safety values for its safety systems, comfort for its interior and exterior automotive products, and decarbonization through new businesses using polymer materials. Toyoda Gosei added that ...
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    Suppliers to new Mercedes-Benz E-Class
    Mercedes Benz E-class : The Mercedes Benz E-class  is produced at Sindelfingen plant in Germany. The new, W214-generation model is expected to peak at more than 134204  in 2024, according to S&P Global Mobility forecast.
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    South Korea and Indonesia plan to deepen partnership in EV batteries
    Jeong Dae-jin, South Korea's deputy trade minister from the Ministry of Trade, Industry and Energy, led a delegation in a meeting with his counterpart Edi Prio Pambudi, Indonesia's deputy minister for Coordination of International Economic Cooperation on July 24 in Seoul, South Korea. The purpose of the meeting was to discuss new measures to boost the bilateral economic cooperation between the two countries, according to a press release published July 26 by the South Korean Ministry of Trade, In...
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    Dymag partners with Hankuk Carbon and Hyundai for new carbon-hybrid wheel technology
    Dymag has announced that along with Hankuk Carbon and Hyundai, the companies have worked on the development of advanced new carbon-hybrid wheel technology for the Hyundai’s N Performance products, according to a company press release dated July 27. A prototype of the new N Performance carbon-hybrid wheel debuted on the Ioniq 5 N hot crossover.   “We are delighted we are working with Hyundai on the development of advanced, lightweight carbon hybrid wheels for its N Performance pr...
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    German group Witzenmann expands Mexican operation
    The German automotive component supplier Witzenmann GmbH has opened its newly expanded plant in Apaseo el Grande, Guanajuato, Mexico. With an investment of $14 million, this expansion includes the construction of a new warehouse, service areas and offices, which will allow the company to manufacture high-tech products of a new generation, increasing its production capacity by 100%, a news report in Mexico Now dated August 3 said. The new 3,500-square-meter building will generate 352...
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    Dürr and Mercedes-Benz partners for sustainable painting technology
    The Dürr Group and German luxury-car maker Mercedes-Benz announced a partnership in the field of painting-technology equipment, intending to make vehicle painting CO2-free by jointly setting new standards in sustainability. The collaboration is subject to the fulfillment of all contractual conditions. The Mercedes-Benz paint shop in Sindelfingen, Germany, will be equipped with the latest technologies from the world market leader Dürr in the coming years, the company said July 31. The s...
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    EU's end-of-life vehicle regulation will help build new value chain for recycled materials
    Europe grapples with the management of over 6 million end-of-life vehicles (ELVs) annually, resulting in environmental issues and economic losses. The automotive industry's heavy reliance on primary raw materials exacerbates the problem, necessitating a sustainable solution. To combat this, the EU has unveiled its ELV regulation, revising 3R Type-Approval (3RTA) directives on ELVs and reusability, recyclability and recoverability. The primary goal is to promote circularity by reusing and recycli...
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    AutoTechInsight Weekly – 07 August 2023
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    Japan launches joint exploration with three African nations to build battery supply chain
    The Japanese government plans to work with three African nations with an aim to establish reliable supply chains for cobalt and other critical minerals that are used in manufacturing electric vehicle batteries, according to a news report published by Nikkei Asia on August 2. The report mentioned that Tokyo plans to work with Zambia, the Democratic Republic of Congo and Namibia to expand joint exploration for critical battery materials in each country. The said exploration projects are expecte...
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    PPG inaugurates center of excellence in Italy to increase efficiency for automotive color development
    According to a press release dated August 2, PPG announced that it has inaugurated a center of excellence at its Quattordio, Italy, site that will increase the efficiency of automotive color development and application. The $2.6 million investment combines color development and application in a single process, reducing the lead time to bring new colors to market, optimizing costs and maximizing color performance. “With this new facility, PPG will elevate its color development to a new level...
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    New mandate in India may require carmakers to use 20% recycled materials from 2026–27
    Carmakers in India may soon have to use 20% recycled materials of the total weight of metals they use to produce a vehicle from 2026–27 under an upcoming policy, according to a news report published by The Economic Times Auto on August 2. The policy — Extended Production Responsibility (EPR) — is currently being prepared by the central government, it said, adding that the quantum of recycled materials will progressively increase as more vehicle scrapping centers become operational acros...
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    Weebit Nano’s ReRAM module qualifies for automotive-grade temperature
    According to a press release announcement August 1, Weebit Nano, a developer of advanced memory technologies for the global semiconductor industry, has fully qualified its Resistive Random-Access Memory (ReRAM) module up to 125°C, the temperature specified for automotive-grade 1 Non-Volatile Memories (NVMs). This demonstrates the suitability of Weebit ReRAM for use in microcontrollers (MCUs) and other automotive components. Advanced automotive components are stringent, requiring qualifi...
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    Li-Cycle starts battery-recycling operations at German plant
    Li-Cycle Holdings Corp. (Li-Cycle) announced the start of commercial operations at its first Spoke recycling facility in Europe, located in Magdeburg, Germany. The Germany Spoke’s first main processing line has now commenced operations, with the second main line expected to start later in 2023. Each main line can process up to 10,000 metric tons of lithium-ion (Li-ion) battery material per year. With an additional 10,000 metric tons of ancillary capacity planned, the facility is expe...
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    Vitesco Technologies to supply its axle drive EMR3 to Honda for all-new electric SUV
    Vitesco Technologies, a leading international supplier of modern drive technologies and electrification solutions, announced July 31 that it is delivering its integrated axle drive EMR3, which stands for third-generation electronics motor reducer, to the Japanese carmaker Honda for its all-new B-segment electric sport utility vehicle (SUV). It added that in Europe, the said Honda electric SUV will be based on the carmaker’s all-new e:N Architecture F, and will be marketed under the name e:N...
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    BASF establishes a new unit for emissions catalysts and precious metal services business
    German chemical producer BASF announced July 28 that it has completed the spin-off process of its mobile emissions catalysts and precious metal services businesses. The company said that it has named the newly formed separate legal entity as BASF Environmental Catalyst and Metal Solutions (ECMS). BASF’s intention to carve out the entity was first announced in December 2021 with an expected completion timeframe of 18 months. Commenting on the development, Markus Kamieth, member of the boa...
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    AutoTechInsight Weekly – 31 July 2023
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    Antolin posts H1 2023 sales of €2.40 billion, up 14% YOY
    Grupo Antolin has reported a revenue of €2.40 billion for the first half of fiscal 2023, a year-over-year increase of 14%, according to a filing by the company July 27. The company attributes the growth to customer diversification and new projects. Antolin posted a gross operating profit of €160 million in the first six months, compared to a gross operating profit of €146 million last year. Significance: Antolin posted growth in every region in the first six months of fiscal 2023. Reven...
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    Hyundai Motor partners with Seoul National University to open battery-research center
    Hyundai Motor has opened a joint battery-research center with Seoul National University, it said in a press release July 25. This collaboration aims to advance battery technologies and enhance industry-academia tie ups. “The Joint Battery Research Center will be the starting point for battery technology with improved performance and robust safety in line with Hyundai Motor Group’s preemptive innovation in the field of electrification. We expect that the best faculty and graduate students ...
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    Constellium reports Q2 revenue of €2 billion, down 14% YOY
    Aluminum-products supplier Constellium has reported a 14% year-over-year fall in second-quarter fiscal 2023 revenue at €2 billion, according to a company press release July 26. Adjusted EBITDA was €209 million, up 5% compared to the second quarter of last year while net income came in at €32 million compared to a loss of €32 million a year earlier. Revenue decrease was primarily due to lower shipments and lower metal prices. “The recovery in automotive continued with higher shipment...
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    Japan’s Proterial develops new EV motor to cut down usage of rare-earth magnets
    Japan-based producer of high-grade metal products Proterial has developed a prototype motor for electric vehicles that uses magnets that do not contain the rare-earth metal neodymium, according to a news report published by Nikkei Asia on July 24. Neodymium magnets are the most common type currently used in producing EV motors. However, the main source of the rare-earth metal is China, the report pointed out, adding that stable procurement of the rare-earth metal has been an issue. Citing ...
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    Gestamp posts 28.8% YOY increase in H1 2023 revenue to $6.96 billion
    Gestamp has reported a year-over-year increase of 28.8% in revenue for the first half of fiscal 2023 at €6.27 billion, according to a filing by the company July 25. Net income came in at €162 million for the period compared to €117 million a year earlier. It posted a 26% growth in EBITDA at €700 million. “First-half results continue the 2022 trend, reaching record figures that are the result of our geographic diversification strategy, developing highly innovative solutions for our c...
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    Ramkrishna Forgings makes key acquisitions to boost passenger-vehicles components portfolio
    Ramkrishna Forgings has approved an investment to acquire Multitech Auto, its unit Mal Metalliks and Mal Auto Products, it said in a press release dated July 21. Multitech Auto and Mal Metalliks manufacture assembly-top covers, shift cylinders, assembly gears, differential cases, differential covers, types of hubs, crank cases, king pins, cotter pins, spring pins, shifter shafts, steering spindles, falcrum pins and rollers for heavy-commercial vehicle brakes. “The strategic acquisition...
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    Samvardhana Motherson acquires interior-components maker Dr. Schneider Holding
    Samvardhana Motherson has announced that its unit Samvardhana Motherson Automotive Systems Group is set to acquire the assets and shares of the German entities of Dr. Schneider Holding, according to a company press release dated July 24. Dr. Schneider Group is a manufacturer of innovative, high-end interior components. The overall enterprise value of the deal is about €118.3 million. Dr. Schneider Holding has seven facilities in five countries and employs around 4,500 people. “We have bee...
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    Tata Motors inaugurates registered vehicle-scrapping facility in Odisha, India
    According to a press release dated July 24, Tata Motors has launched its second Registered Vehicle Scrapping Facility (RVSF) in Bhubaneswar, Odisha, India, named "Re.Wi.Re — Recycle with Respect." The event was graced by delegates from the Odisha government and Tata Motors. Speaking at the launch of Tata Motors’ Re.Wi.Re RVSF in Odisha, government of Odisha Hon’ble Minister of Water Resources, Commerce & Transport Smt. Tukuni Sahu said, "Today marks a significant milestone...
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    Suppliers to the new Volkswagen ID7
    The Volkswagen  ID.7 is produced at the company’s plant Emden in Germany. The vehicle is expected to peak at more than 49967  in 2024, according to S&P Global Mobility forecast.
    Insights
    AutoTechInsight Weekly - 24 July 2023
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    Autoliv’s Q2 2023 net sales jump 27% YOY to $2.63 billion
    Automotive safety-systems company Autoliv has posted a 27% year-over-year increase in second-quarter net sales at $2.63 billion, according to a filing by the company July 21. Operating income for the quarter dropped 24% year over year to $94 million from $124 million in the second quarter. Commenting on the results, Mikael Bratt, president and CEO said, "During the quarter, we took further steps towards our full year indications that support our medium term targets. First, we achieved new sec...
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    Gestamp partners with steel producer ArcelorMittal to promote the recycling of steel scrap
    Flat Products and Tier 1 automotive supplier Gestamp signed a circularity agreement with steel producer ArcelorMittal, with a goal to strengthen environmental sustainability throughout the industrial supply chain. The collaboration aims to jointly design and implement a circularity scheme that will enhance the recycling of steel by both partners, by offering benefits obtained to their automotive customers, the company said in a press release July 21. The release further added that the overall...
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    New EV motor said to cut need for rare-earth neodymium magnets – report
    A report by Nikkei Asia dated July 24 said Japanese metal-maker Proterial has developed a prototype motor for electric vehicles that uses magnets which do not contain the rare-earth metal neodymium. Neodymium magnets are the most common type currently employed in EV motors, but since the main source of the rare earth is China, stable procurement has been an issue. The new magnet is mainly composed of ferrite. Tests of the prototype have confirmed that the motor output necessary for EVs can ...
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    Stellantis, Saft unveil joint battery-research project named IBIS in France
    Stellantis and battery-technology company Saft have unveiled an innovative prototype of an energy-storage battery that integrates the inverter and charger functions, the carmaker announced July 20. Integrating the inverter and charger functions creates a battery that is more efficient, which enhances the battery-electric vehicle (BEV) range and is more reliable and less costly, Stellantis said, adding that the innovative solution also helps in saving space on the vehicle. The collaborative...
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    Magna to invest $790 million to build three new facilities in the US
    Canadian auto-parts maker Magna International Inc. has geared up to invest $790 million to build three new supplier facilities, two of which will be housed at Ford Motor Co.'s BlueOval City campus in Tennessee, a Reuters report dated July 20 said, quoting a company statement. Magna's facilities will support the production of Ford's second-generation electric truck, according to a company statement. One facility at Ford's campus will make battery enclosures for the truck and a second will...
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    Volkswagen’s US subsidiary achieves new breakthroughs in wireless charging, recyclable materials
    Volkswagen’s US subsidiary, Volkswagen Group of America Inc. announced July 18 that its Tennessee, US-based engineering facility, known as the Innovation Hub, is pushing certain breakthroughs in automotive lightweight composites, recyclable interior materials and electric vehicle wireless charging. The facility is driving applied-materials science in collaboration with the University of Tennessee (UT) and Oakridge National Lab (ORNL), VW said in a note July 18. VW’s Innovation Hub, loc...
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