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    Unable to find investors, Britishvolt files for insolvency
    Battery startup Britishvolt filed a notice to appoint an administrator in the insolvency courts in the UK on January 17, 2023, after failing to raise funds from new and existing investors to keep the business afloat. While a majority of 300 existing employees have lost their jobs as an immediate consequence of Britishvolt’s liquidation, the development is also being seen as a blow to the UK government’s efforts of establishing a flourishing ecosystem for electric vehicle (EV) and battery man...
    Talking Heads: CES – the wrap
    In 2023, some 300 exhibitors showcased their vehicle technology. Its increasing importance – usurping the traditional auto shows like NAIAS, Paris, IAA and Geneva along the way – is demonstrated if we wind back the clock to 2014. Then, there were just nine OEMs present and some 125 automotive technology exhibitors. With this growth has also come maturity. The 2023 CES was less about fanciful concepts and more about tangible. Click the link above to download the full article.
    Posco Chemical gets order from Samsung SDI to supply cathode materials for EV batteries
    POSCO Chemical has signed a long-term contract to supply high-nickel cathodes used in electric vehicle (EV) battery cells to Samsung SDI, Yonhap News Agency reported on 30 January. POSCO Chemical will supply the cathodes, consisting of lithium, nickel, cobalt, and aluminum for a 10-year period in a contract worth KRW40 trillion (USD32.6 billion). Reuters reported that the deal value could change due to further negotiations and fluctuating prices of raw materials. In a separate article, K...
    Seoul Viosys to showcase one-chip micro-led display technology for automotive exterior displays
    Seoul Viosys will exhibit micro-LED displays based on WICOP Pixel technology at the Integrated Systems Europe 2023 in Barcelona, it said in a press release dated 31 January. WICOP Pixel features a brightness of 4,000 nits and is micro-LED technology that is optimized for automotive exterior displays. “Seoul Viosys has already secured technologies for mass-producing new products for micro-displays including wearable, VR, and AR devices, as well as significantly improving the functions of WIC...
    NHTSA to probe Ford over complaints of windshield detachment
    The National Highway Traffic Safety Administration (NHTSA) have opened a safety probe into Ford Explorer sport utility vehicles (SUVs) over reports of windshield trim panels detaching while driving at highway speeds, Reuters reported on 31 January. The US auto safety regulator said it was opening the preliminary evaluation into more than 1.8 million model year (MY) 2011 through 2019 Explorer SUVs. According to the article, NHTSA said that some of the complaints reported that the driver o...
    Ilika Technologies leads USD9.9 million Faraday Battery Challenge collaboration project
    UK-based solid-state battery (SSB) technology company Ilika Technologies Ltd has announced on 25 January 2023 that it is leading a 24-month, GBP8 million (USD9.9 million) Faraday Battery Challenge collaboration project. The project, which is codenamed ‘History’, is slated to start on 1 February 2023 and will focus on integrating high silicon content electrodes into Ilika’s Goliath solid-state batteries developed for electric vehicles (EVs), to enable automotive level performance. Ili...
    AutoTechInsight Weekly – 30 January 2023
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    Honda collaborates with GS Yuasa for high-capacity Li-ion battery
    Japanese automaker Honda Motor Company Ltd. and the battery maker GS Yuasa International Ltd. have signed a basic agreement to collaborate on developing high-capacity, high-output lithium-ion (Li-ion) batteries, Honda announced on 23 January 2023. Honda said the two companies will discuss specifics with the goal of establishing a joint venture company by the end of 2023. Commenting on the early agreement with GS Yuasa, Toshihiro Mibe, director, president, and representative executive offic...
    Statevolt buys 135-acre site in California to build 54-GWh battery plant
    Statevolt, one of three lithium-ion battery cell development companies founded by Swedish entrepreneur Lars Carlstrom, has bought a 135-acre site in Imperial Valley, California, where it plans to build a 54GWh battery plant, according to a news report published by Renewables Now on 24 January 2023. The report cited the company announcement. Notably, Statevolt is a sister company of Italvolt SpA, both set up by Carlstrom in an attempt to build battery factories to cater to the surging demand i...
    Elinor Batteries to set up gigafactory in Orkland, Norway
    Elinor Batteries, a newly established battery startup backed by the green investment company Valinor, plans to set up a battery cell gigafactory in Orkland, Mid-Norway, the company said on 11 January 2023. According to the official note, the planned battery plant will be the first industrial initiative to be hosted by the green industrial site Eiktyr, which will be the largest of its kind in Norway, with an area of 6 square kilometers. Construction of the first phase of Elinor’s gigafact...
    Battery technology startup Sakuu ropes in Porsche Consulting to design its global gigafactories
    Silicon Valley, California based battery technology company Sakuu has selected Porsche Consulting, which is a subsidiary of the luxury carmaker Porsche, to lead all aspects of design for its planned global gigafactories, the company said on 21 January 2023. Sakuu, which is known for developing the 3D printed Swift Print solid-state battery technology, said that the relationship with Porsche Consulting will ensure that the battery maker has preeminent expertise secured for building state-of-th...
    Ganfeng Lithium Group to build two new lithium battery plants in China
    Ganfeng Lithium, one of the largest producers of lithium compounds globally, plans to build two lithium battery manufacturing facilities with an investment of CNY15 billion (USD2.2 billion) in mainland China, according to a news report published by Yicai Global on 19 January 2023. The news report, which cited the company announcement, added that the two new planned gigafactories in China will raise Ganfeng’s annual production capacity by 34 GWh. The total earmarked investments of CNY15 b...
    US-based battery startup Nanotech Energy plans to set up a gigafactory in the UK
    Los Angeles based battery technology startup Nanotech Energy, Inc. plans to set up a gigafactory in the UK and the company is in the process of evaluating seven potential sites in the country for the same, it said in a media announcement on 19 January 2023. Nanotech Energy plans to invest GBP1 billion (USD1.23 billion) in building the planned gigafactory at the chosen site in the UK. The company said that site selection will be based on a combination of technical aspects and strategic alignme...
    Solid Power to receive USD5.6 million from US DoE to develop nickel-, cobalt-free solid-state cells
    Colorado-based solid-state battery technology company Solid Power announced on 12 January 2023 that the company has received notification of an award from the US Department of Energy (DoE) ARPA-E group to continue its development of nickel- and cobalt-free solid-state battery cells. The battery maker, which is known for developing all-solid-state rechargeable battery cells by replacing the flammable liquid electrolyte used in a conventional lithium-ion battery with a proprietary sulfide-...
    BMW, Solid Power deepen partnership to advance all-solid-state battery cell design
    German luxury carmaker BMW Group and US-based battery technology company Solid Power have deepened their partnership with a new joint development agreement to further advance the all-solid-state battery cell design and manufacturing know-how, BMW said on 20 January 2023. “Under an expanded joint development agreement, BMW Group and Solid Power have added a research and development license as a basis for their common next steps. This license enables BMW to establish an ASSB prototype line in...
    India’s battery startup Log9 raises USD40 million in Series B funding round
    Bengaluru-based electric vehicle (EV) battery technology startup Log9 Materials has raised USD40 million in its Series B funding round, according to a news report published by online portal Entrackr on 23 January 2023. Log9 Materials’ Series B funding round saw fundraise in a mix of equity and debt led by Amara Raja Batteries and Petronas Ventures. That said, Incred Financial Services, Unity Small Finance Bank, Oxyzo Financial Services, and Western Capital Advisors also participated in the ...
    BASF, Eramet team up to process nickel for EV batteries
    Germany's BASF and French mining company Eramet plan to sign a USD2.6 billion partnership deal to jointly invest in a nickel processing plant in Indonesia, according to a news report published by the news agency Reuters on 18 January 2023. The processed nickel will be used in electric vehicle (EV) batteries, the report stated. Citing BASF chief executive Martin Brudermüller, the news report said that the project investment would be worth around EUR2.4 billion (USD2.59 billion). The two ...
    Autoneum’s FY 2022 revenue rises 6.1% y/y to USD1.97 billion
    Autoneum has posted a 6.1% year-on-year (y/y) increase in revenue for the full year 2022, according to a company press release dated 20 January. Revenue came in at CHF1.80 billion (USD1.97 billion), from CHF1.70 billion. Revenue of Business Group Europe increased by 2.7% even as production volumes of vehicle manufacturers decreased by 1.3%. The growth in revenue resulted from inflation compensation, while Autoneum's production volumes were significantly lower compared to the previous year. ...
    AutoTechInsight Weekly – 23 January 2023
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    TactoTek partners with Kojima to develop Smart 3D surfaces using IMSE technology
    TactoTek has signed a licensing agreement Kojima Industries (KIC) to develop smart surfaces using its In-mold structural electronics (IMSE) technology, it said in a press release on 18 January. IMSE allows for the development of Smart 3D surfaces and Human Machine Interfaces (HMI) used in smart in-vehicle interfaces with a combination of intelligent light and touch functions. “This is a big step forward for TactoTek into the Japanese automotive segment and especially in the ecosystems aroun...
    Urbix, SK On partner to manufacture high-performance anode material
    Urbix has announced a joint development agreement with SK On to develop industrialized anode materials that will be incorporated into SK On’s advanced lithium-ion batteries used in its US gigafactories, according to a press release on 19 January 2023. The partnership expedites Urbix's intentions to develop a commercial anode manufacturing facility in the United States that will produce 28,500 metric tons of anode products annually by 2025. This is sufficient to power 350,000 high-...
    Unable to find investors, Britishvolt files for insolvency
    Battery startup Britishvolt filed a notice to appoint an administrator in the insolvency courts in the UK on January 17, 2023, after failing to raise funds from new and existing investors to keep the business afloat. While a majority of 300 existing employees have lost their jobs as an immediate consequence of Britishvolt’s liquidation, the development is also being seen as a blow to the UK government’s efforts of establishing a flourishing ecosystem for electric vehicle (EV) and battery man...
    Leclanché achieves breakthrough in battery chemistry, cathode production
    Switzerland-headquartered battery technology company Leclanché SA has achieved a breakthrough in the production of G/NMCA battery cells wherein the company was able to reduce the cobalt content in NMCA as cathode material from 20% to 5% and manufacture electrodes using an environmentally friendly water-based process, the company announced on 17 January 2023. In doing so, the company completely dispenses the use of the highly toxic organic solvents (NMP) that are otherwise common in the producti...
    Stellantis secures supply of nickel sulphate from Terrafame for EV batteries
    Stellantis N.V. and Terrafame Ltd.  have signed a supply agreement for nickel sulphate to be used in electric vehicle (EV) batteries, Stellantis announced on 18 January 2023. Under the agreement, the Finnish battery material supplier is slated to start supplying Stellantis with nickel sulphate over the five-year term, beginning in 2025. Commenting on the arrangement with Terrafame, Stellantis CEO Carlos Tavares, said, “This agreement is part of the key raw material sourcing to fit with...
    Honda, LG Energy Solution formally establish their battery JV company in the US
    Japanese carmaker Honda and South Korean battery manufacturer LG Energy Solution have announced the formal establishment of their joint venture—L-H Battery Company, Inc—on 13 January 2023. The joint venture (JV) company, wherein LG Energy Solution will have a 51% ownership and the remaining with Honda, is slated to produce lithium-ion batteries for the electric vehicles (EVs) developed and manufactured by Honda. According to the official note issued by LG Energy Solution, the JV will begi...
    AutoTechInsight Weekly – 16 January 2023
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    French battery startup Verkor signs offtake term sheet with Canada’s Euro Manganese
    Renault-backed French battery startup Verkor has signed an offtake term sheet with Canada’s Euro Manganese Inc. to procure high-purity manganese sulphate monohydrate from the latter, Euro Manganese said on 11 January 2023. Euro Manganese will supply the raw material from its Chvaletice Manganese Project, which is located in the Czechia the company said, adding that the term sheet signed with Verkor is nonbinding. “The parties intend to enter an offtake agreement, where upon the pricing...
    Talking Heads: CES – the wrap
    In 2023, some 300 exhibitors showcased their vehicle technology. Its increasing importance – usurping the traditional auto shows like NAIAS, Paris, IAA and Geneva along the way – is demonstrated if we wind back the clock to 2014. Then, there were just nine OEMs present and some 125 automotive technology exhibitors. With this growth has also come maturity. The 2023 CES was less about fanciful concepts and more about tangible. Click the link above to download the full article.
    India Auto Expo 2023: Tata Group evaluating EV battery cell plants in Europe, India
    Indian conglomerate Tata Group is looking to set up battery cell plants in India and Europe for electric vehicles (EVs), according to a news report published by Reuters on 12 January 2023. The report cited Tata Motors CFO PB Balaji, who spoke to Reuters in an interview on the sidelines of the ongoing Auto Expo 2023 in New Delhi. Tata Motors CFO further told Reuters that localizing battery cell manufacturing is key to increasing local components in electric cars while making the EVs more affor...
    Samsung SDI mulls building a joint EV battery plant in Hungary with BMW
    South Korean battery maker Samsung SDI is considering setting up a battery manufacturing facility jointly with its largest customer BMW in Hungary, according to a news report published by Business Korea on 12 January 2023. The report said that the development follows a high-profile meeting between Samsung Electronics chairman Lee Jae-yong and BMW chairman Oliver Zipse in December 2022. It said that Samsung SDI is considering building a third plant in Göd, Hungary, in proxim...
    India Auto Expo 2023: Gestamp commissions fourth hot stamping line in India
    Gestamp, a leading supplier of highly engineered metal components to the automotive industry, has announced its plan of setting up the fourth hot stamping line in India on the sidelines of the ongoing Auto Expo 2023—Components at Pragati Maidan in New Delhi on 12 January 2023. The company, which is showcasing its products and technologies at the Auto Expo 2023—Components for the second time, plans to open its fourth hot stamping line by the end of 2023. Although Gestamp did not disclose t...
    Stellantis signs agreement with Element 25 to secure battery-grade manganese sulphate
    European–American carmaker Stellantis N.V. has signed a binding offtake agreement with Australia-based material supplier Element 25 Limited to secure the supply of battery-grade, high-purity manganese sulphate monohydrate, the company announced on 9 January 2023. Under the five-year agreement, Element 25 will begin shipping the manganese sulphate monohydrate to Stellantis for use in its electric vehicle (EV) battery packs in 2026. A total volume of 45 kilotons will be supplied by Element 25...
    AutoTechInsight Weekly – 9 January 2023
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    Piedmont Lithium amends previous offtake agreement with Tesla, supply to begin H2 2023
    North America-based lithium hydroxide producer Piedmont Lithium has amended its existing offtake agreement with the US electric vehicle (EV) maker Tesla, Inc. to begin supplying the spodumene concentrate (SC6) from the second half of CY2023, Piedmont said in a media note on 3 January 2023. “Piedmont and Tesla have mutually agreed to amend their previous offtake agreement with the terms of this new agreement, which are binding for a three-year term and include an option to renew for another ...
    Mercedes-Benz Energy partners Lohum on second-life batteries
    Mercedes-Benz Energy and Lohum have entered into a strategic partnership that entails a multiyear supply contract agreement for second-life batteries, the two companies said in a joint announcement on 4 January 2023. The agreement includes Mercedes-Benz Energy and Lohum committing to a minimum offtake schedule of 50MWh per annum across multiple second-life battery module variants. According to the official note, the agreement will enable Lohum to secure high volumes of second-use battery modu...
    Visual interaction is moving to the forefront of HMI design
    Automotive display HMI is growing in demand owning to convenience features and enhancing customer experience. Moreover, in the coming years development of multi-display will not only provide greater freedom of information usage and control between driver and passenger, but it will also reduce product development complexities and costs for automakers. Although, in real-terms automakers will invest more during the initial years to gain longer-term benefits. Automakers are also engaged in the devel...
    NIO Capital invests in Chinese battery recycling startup Ruilong Technology
    NIO Capital has invested in a China-based battery recycling startup named Ruilong Technology in an attempt to expand its presence in the battery recycling value chain, according to a news report published by CnEVPost on 4 January 2023. While the report did not disclose the amount NIO Capital invested in Ruilong Technology, the investment is part of the battery recycling company’s series-A funding round. The funding round was led by NIO Capital with participation from other investors includi...
    nanoFlowcell Holdings establishes a subsidiary in the US
    London-based nanoFlowcell Holdings plc (NFC) has established its US subsidiary, nanoFlowcell USA LLC, with headquarters in New York and plans to commence business activities immediately, the company announced on 15 December 2022. “The tasks of the US subsidiary of the Swiss-originating R&D company are the adaptation of the nanoFlowcell flow cell technology to US-specific applications as well as the development of new market-specific nanoFlowcell applications,” the company said in...
    South Korean battery maker SK On increases paid-in capital by USD2.2 billion
    South Korean battery maker SK On announced on 21 December 2022 that it has raised its paid-in capital by a total of KRW2.8 trillion (USD2.2 billion) in the company. “This is the sum of SK Innovation’s investment, which is equal to KRW2 trillion, and Korea Investment Private Equity’s investment of KRW0.8 trillion,” SK On said in an official statement. SK Innovation said that it will invest KRW1 trillion (over USD785 million) in December 2022 and proceed with the remaining amount in 202...
    AutoTechInsight Weekly – 2 January 2023
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    NEO Battery Materials expects to receive construction permit for silicon anode plant by end-Jan 2023
    Vancouver-based NEO Battery Materials updated on 22 December 2022 that it expects to receive the construction permit to build a silicon anode plant in the city of Pyeongtaek, South Korea by the end of January 2023. It can be recalled that on 30 November 2022, NEO Battery Materials had announced submitting the proposed plant’s construction permit application to the relevant authorities through its South Korean subsidiary named NBM Korea. The company said that its management and commercial...
    Northvolt announces Jim Hagemann Snabe as new chairman of the board of directors
    Swedish battery maker Northvolt has announced Jim Hageman Snabe as the new chairman of the board of directors, the company said on 14 December 2022. Snabe is the former CEO and board member of SAP and  the chairman of Siemens, a board member of C3.ai, a member of the Board of Trustees of the World Economic Forum, and an adjunct professor at Copenhagen Business School. According to the company, the announcement is part of a long-term strategic initiative to build a more independent b...
    Gauzy unveils new smart glass sun visor & sunroof
    Gauzy will tie up with LG Display and BOS to unveil new technologies and applications including a new smart glass visor, it said in a press release dated 22 December. The mixed material PDLC laminated fabric sun visor will aim to replace solid view blocking sun visors with a semi-transparent material providing a wider field of vision while blocking glare from traffic lights, vehicles, and the sun. “Showcasing our newest patented technologies to the world at Glasstec 2022 with LG Display and...
    CATL – Geely battery plant in Sichuan province in mainland China starts production
    CATL announced on 19 December 2022 that the production operations at the first phase of the CATL – Geely EV battery manufacturing plant in Yibin, which is situated in southwest China's Sichuan Province, has started with a planned capacity of 15 GWh. The battery manufacturing facility is set up with a total investment of up to CNY8 billion (USD1.15 billion) and is spread across a planned area of more than 30 ha. According to the company, CATL-Geely’s Yibin project’s construction work beg...
    CATL, AVATR plan to deepen cooperation on EV battery supply chain
    Mainland China’s largest EV battery maker Contemporary Amperex Technology Company Limited (CATL) has signed an agreement with AVATR Technology to deepen its strategic cooperation with the EV maker in Chongqing, Southwest China, the company said on 20 December 2022. “The signing of the agreement will further deepen the cooperation between the two parties,” CATL said in an official statement. It mentioned that it, along with AVATR, will build an industry-leading battery supply chain ecosy...
    European Lithium signs binding long-term lithium offtake agreement with BMW Group
    European Lithium Limited, a listed mining exploration and development company, announced on 21 December that it has signed a binding long-term lithium offtake agreement, via its wholly owned Austrian subsidiary ECM Lithium AT GmbH (ECM), with German luxury car manufacturer BMW Group. With the said binding agreement, European Lithium has secured its first offtake of battery grade lithium hydroxide (LiOH) from its Wolfsberg Lithium Project in Austria. Commenting on the binding agreement with...
    SK Innovation, SungEel HiTech to form JV for battery metal recycling
    South Korean EV battery maker SK Innovation and material recycling company SungEel HiTech have signed a memorandum of understanding (MOU) to establish a joint venture (JV) focused on battery metal recycling operations, SK Innovation said on 13 December 2022. “The two companies decided to collaborate in a business of recovering lithium, nickel, cobalt, manganese, and other cathode materials from used batteries, and signed an MOU to establish a JV at SK Seorin Building in Jongno-gu, Seoul,”...
    AutoTechInsight Weekly – 26 December 2022
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    CES 2023: BHTC and Corning collaborate to showcase integrated dashboard solution
    Behr-Hella Thermocontrol (BHTC) has tied up with Corning to develop an integrated dashboard solution, which enables seamless display integration, it said in a press release on 23 December. The partnership will combine BHTC’s HMI expertise and Corning’s glass products to create next generation infotainment systems. The companies will showcase the technology at CES 2023 in Las Vegas in January. Significance: BHTC’s 15-inch OLED display, combined with Corning’s ColdForm technology, enabl...
    Brose expects sales to cross EUR7.4 billion in 2022
    Brose expects sales to exceed EUR7.40 billion (USD7.85 billion) in 2022, which is around EUR2 billion more than the previous year, it said in a press release on 22 December. The company attributes high inflation and exchange rate effects along with the consolidation of Brose Sitech joint venture launched in January and a larger production volume for the sales growth. Brose said that if the global vehicle production remains stable, sales could grow to around EUR10 billion by 2025. “However, ...
    ABC Technologies plans to acquire WMG Technologies
    ABC Technologies, a manufacturer and supplier of plastics and lightweighting, has announced that it has entered into a definitive agreement to acquire WMG Technologies (WMGT) from the Bierer family for USD165 million with potential earn-out payments that may become payable upon the achievement of specified profitability targets over the next 24 months, according to a press release on 22 December 2022. The Company plans to withdraw from its Credit Facilities to pay for the Initial Close (as he...
    Umicore, Nano One partner on battery materials process technology
    Umicore, a circular materials technology company, and Nano One Materials Corp., a clean technology company, have signed a nonexclusive joint development agreement (JDA) on production process technologies for cathode active materials (CAMs) for lithium-ion batteries, Umicore said on 21 December 2022. Under the agreement, Umicore will evaluate Nano One’s patented M2CAM One-Pot process technology to integrate it with its proprietary process technology to produce high-nickel NMC (nickel, mangan...
    Indian auto component industry grows 35% y/y in H1 FY 2023, reports ACMA
    The Indian auto component manufacturing industry’s turnover in the first half of fiscal 2022–23 stood at USD33.8 billion, registering a growth of 34.8% y/y over the first half of fiscal year (FY) 2022, Automotive Component Manufacturers Association of India (ACMA) reported on 21 December 2022 while disclosing its findings of the industry performance review. Commenting on the performance of the auto component industry in India, Vinnie Mehta, Director General, ACMA said, “With vehicle sal...
    LG Chem invests over USD18 million to acquire equity stake in Jae Young Tech
    South Korean materials giant LG Chem plans to invest KRW24 billion (USD18 million) in acquiring an undisclosed equity stake in the battery recycling company called Jae Young Tech, the company said on 21 December 2022. The agreement between the two companies was signed by the senior executives at the LG Twin Towers in Yeouido, Seoul, on Wednesday. According to the official announcement by LG Chem, based on the equity arrangement with Jae Young Tech, the two companies plan to establish a batter...
    QuantumScape ships 24-layer prototype battery cells to automakers for evaluation
    Solid-state battery technology company QuantumScape Corporation announced on 20 December 2022 that it has shipped its first 24-layer prototype lithium-metal battery cells to the automakers for evaluation and testing the performance. The company said that delivery of these cells, referred by QuantumScape as the A0 samples, was a key public milestone for the year in terms of moving a step closer to the commercialization of its patented technology. QuantumScape’s battery cells have 24 layers, ...
    Solid Power deepens joint development partnership with BMW Group
    US solid-state battery and sulfide-based electrolyte technology company Solid Power has deepened its partnership with the BMW Group wherein it has granted the research and development (R&D) license to its all-solid-state cell design and manufacturing know-how to the German luxury carmaker, the company announced on 21 December 2022. According to the official note, the BMW Group intends to duplicate Solid Power’s pilot production lines at its own facility in Germany and produce prototype ...
    Toyoda Gosei develops new faux leather steering wheel
    Toyoda Gosei has developed a new luxurious faux leather steering wheel, which will be first used in the Lexus RX, it said in a press release dated 21 December. The steering wheels were developed in partnership with Seiren. A special coating is applied to the surface to give a smoother and softer feel while also preventing surface deterioration from sweat or cosmetics. Significance: Toyoda Gosei has a lineup of luxury specifications for steering wheels, using real leather and real wood in addi...
    China’s Gotion High-Tech plans to build battery production plant in Thailand
    Chinese battery maker Gotion High-Tech plans to build a battery manufacturing plant in Thailand and to this end, Gotion’s wholly owned subsidiary Gotion Singapore has signed an agreement with Thailand's Nuovo Plus Company Limited on 15 December to set up a joint venture (JV), according to the news report published by CnEVPost on 15 December 2022. Gotion and Nuovo Plus plan to set up a JV company, NV Gotion Co Ltd in Thailand to build lithium-ion (Li-ion) batteries to target the Southeast As...
    Polestar partners US startup Cyclic Materials for recycling of rare earth elements
    Swedish premium electric vehicle (EV) maker Polestar has signed a memorandum of understanding (MoU) with US recycling startup Cyclic Materials to create closed-loop recycling pathways for rare earth elements (REEs), the carmaker announced on 15 December 2022. Under the MoU, the two companies will work to see the development of recycled magnets for use in Polestar cars, as well as explore ways to efficiently recycle existing magnets. “This means that, rather than mining for new raw materials...
    CES 2023: Bridgestone to display digitally connected tires and air springs for EVs
    Bridgestone will display various automotive tire technologies and materials at CES 2023 in Las Vegas next year, it said in a press release on 19 December. Among the demonstrations, Bridgestone will display “Smart Corner” digitally connected tires and air springs for electric vehicles (EVs), in which vehicle performance, efficiency, safety, and comfort will be enhanced through sensor-enabled tires and air springs. Bridgestone will also display its digital concierge for personal and fleet v...
    Hitachi Metals developing EV motors with fewer rare earth metals
    Hitachi Metals, a leading Japanese material supplier, is working with a number of automotive manufacturers to develop EV motors that use fewer rare earth metals, according to a news report published by Nikkei Asia on 8 December 2022. A majority of rare earth metals are currently obtained from China. The report mentioned that the company aims to replace magnets that use neodymium, the strength of which plays a crucial part in making high-performance motors. That said, Hitachi's alternative mag...
    AutoTechInsight Weekly – 19 December 2022
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    CES 2023: AGC to exhibit far infrared camera-compatible windshield
    AGC will exhibit its far infrared (FIR) camera-compatible windshield at CES 2023 next month at Las Vegas, US, it said in a press release dated 8 December. The windshield will feature a special glass that allows far-infrared rays to penetrate. It will also display glass composition and processing technologies, which offer the optical capabilities needed to mount and deploy the cameras and the lidar components for autonomous driving. “CES is one of the world's most influential technology trad...
    US battery startup Group14 Technologies raises USD614 million in Series-C funding round
    US based battery technology startup Group14 Technologies has raised USD214 million in additional financing from a consortium including Microsoft’s Climate Innovation Fund, Lightrock Climate Impact Fund, Moore Strategic Ventures, Oman Investment Authority, and Molicel, the company announced on 14 December 2022. The latest financing brings Group14’s Series C funding round to a total of USD614 million, it said. The company, which also recently received a USD100 million grant from the US Depa...
    Redwood Materials to invest USD3.5 billion to build battery materials plant in South Carolina, US
    Battery recycling company Redwood Materials plans to invest USD3.5 billion on building a battery material recycling facility near Charleston, South Carolina, US, the company announced on 14 December 2022. The factory, which will be spread across an area of more than 600 acres, is termed by Redwood as its next ‘Battery Materials Campus’ that will be located in the heart of the ‘US Battery Belt’. According to Redwood, a new electric vehicle (EV) manufacturing corridor from Michigan to G...
    ACE Green Recycling, Glencore sign offtake agreement on lead, key battery materials
    ACE Green Recycling (ACE), a global recycling technology and supply chain platform, and Glencore plc, one of the world’s largest producers and recyclers of battery metals, have entered a long-term supply agreement for recycled lead as well as key battery metal-based end products from recycled lithium-ion batteries, according to a media note released by Glencore on 5 December 2022. The strategic partnership between the two companies will create a circular supply chain on a global scale for t...
    HELLA officially exits HBPO JV
    HELLA has completed the exit from the joint venture HBPO Beteiligungsgesellschaft, it said in a press release dated 12 December. Following approval from the authorities, 33.33% share in the joint venture has been successfully transferred to the previous coshareholder Plastic Omnium. The purchase price amounts to EUR290 million (USD305 million), with a dividend of about EUR8 million. Significance: The deal was first announced in July this year. Plastic Omnium acquired AMLS on 25 March 2022 to ...
    AutoTechInsight Weekly – 12 December 2022
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    Redwood Materials gets approval for over USD105 million in US tax incentives
    Redwood Materials, a battery company founded by former Tesla executive JB Straubel, has received an approval for over USD105.6 million in US tax incentives for its battery recycling and materials processing plant in Northern Nevada, according to a news report published by the Reno Gazette Journal on 1 December 2022. The report stated that Redwood Materials was awarded tax credits and multiple abatements on by the state of Nevada in exchange for USD1.1 billion in capital investments ...
    ArcelorMittal secures supply of scrap steel with acquisition of Dutch recycler Riwald
    Global steelmaking giant ArcelorMittal announced via a press release on 6 December that it had acquired Dutch state-of-the-art ferrous scrap metal recycling business Riwald Recycling. According to the press release, Riwald currently processes 330,000 tons of ferrous scrap metal annually, sourced from OEMs, demolition companies, traders, car dismantling companies, and regional and national governments. The company also uses high-specification technical equipment in the separation of materials ...
    Nippon, JFE to expand electrical steel capacity with combined USD1.3 billion investment
    News agency Bloomberg reported on 5 December that Japanese steelmakers Nippon Steel and JFE Steel will be spending a combined USD1.3 billion (JPY172 billion) to increase their production capacity of electrical steel. According to the press report, while Nippon is due to a complete a 50% increase in electrical steel production capacity by 2024, JFE Holdings will double its capacity by the same period. The two companies are reportedly planning to further increase capacity beyond the mentioned t...
    Continental, SMX validate application of natural rubber supply chain tracking technology
    German tire manufacturer Continental announced via press release on 7 December that it had, in partnership with Melbourne-based blockchain technology company Security Matters (SMX), succeeded in verifying the application of a invisible marker for tracking the supply chain of the natural rubber in a tire. According to the press release, the marker substance enables invisible labeling of natural rubber with information on its geographical origin, enabling verification of the sustainability cred...
    Circularise secures investment from Asahi Kasei in Series A funding round
    Japanese chemical company Asahi Kasei announced via press release on 6 December that it had decided to invest in digital product passports and mass balance bookkeeping software provider Circularise. According to the press release, the company expects its investment in the startup to accelerate the development of a digital platform that can ensure reliability and transparency in carbon emission reporting for global supply chains. Significance: Circularise recently developed a reliable suppl...
    Salzgitter signs long-term renewable energy deal for upcoming green steel project
    German steel company Salzgitter announced via press release on 23 November that it had signed a long-term electricity supply contract with energy supplier EnBW for its upcoming SAlzgitter Low CO2Steelmaking (SALCOS) green steel project. According to the press release, Salzgitter had secured the supply of 50 MW of green electricity for 15 years from the new 900 MW He Dreiht offshore wind farm being constructed in the North Sea, 90 km north of the island of Borkum, Germany. The wind farm is exp...
    EGA purchases 1.1 million MWh of clean energy certificates for aluminum production
    Middle eastern aluminum company Emirates Global Aluminium (EMA) announced via press release on 24 November that it had purchased Clean Energy Certificates for 1.1 million MWh of electricity for production of its CelestiAL solar aluminum. According to the press release, the transaction will certify EGA’s production of 80,000 tons of aluminum produced purely with solar power as the energy source. The certificates will track the use of solar power from Noor Abu Dhabi, be issued by the Abu D...
    Tata Steel partners with SMS Group to decarbonize Indian steel plants
    German plant manufacturer SMS Group announced via press release on 25 November that it had signed a memorandum of understanding with steel manufacturer Tata Steel to reduce its carbon emissions across its integrated steel plants in India. According to the press release, SMS will contribute its technological expertise in designing, supplying, and commissioning plants with significantly lower carbon dioxide (CO2) emissions. SMS Group CEO Burkhard Dahmen discussed the partnership, stating, ...
    Battery maker Gotion High-Tech secures rights to a new lithium mine in China
    EV battery maker Gotion High-Tech has secured rights to a new lithium mine in China, according to a news report published by CnEVPost on 5 December 2022. Citing a company press release, the report said that Gotion’s subsidiary in Yichun, Jiangxi province in China was awarded a five-year mining right for a lithium-bearing clay mine with a design capacity of 3 million tons per year. It can be recalled that in February 2021, Gotion had signed a contract with the Yichun municipal government to ...
    BMW invests in copper extraction technology startup Jetti Resources
    German luxury carmaker BMW’s venture capital fund BMW i Ventures has invested an undisclosed sum to acquire a stake in the Calorado-based copper extraction technology startup named Jetti Resources, BMW announced on 1 December 2022. The company said that Jetti Resources, founded in 2014, aims to foster responsible and resource-conserving copper extraction to address the rising demand of the critical material sustainably. The startup has notably developed a pioneering process for copper extra...
    Klean, City Circle to set up new 40,000-ton tire recycling plant in Australia
    Canadian industrial energy solutions company Klean Industries announced via press release on 28 November that it had partnered with Australian construction company City Circle Group to set up a USD100 million fully integrated, continuous tire pyrolysis plant in Melbourne Australia. According to the press release, the pyrolysis plant will be centrally located 45 km northwest of Melbourne, Victoria and will include Klean’s commercial scale, environmentally friendly scrap tire carbonization te...
    AutoTechInsight Weekly – 5 December 2022
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    BMW acquires stake in Jetti Resources
    BMW has made an investment in Jetti Resources, Reuters reported on 1 December. Jetti has technology to extract more copper from low-grade resources and produce metal with a low carbon footprint. The investment does not include an offtake agreement, but there is potential for supplying BMW in future, according to a BMW spokesperson cited in the report. “This new process has the potential to improve the environmental footprint and integrity of our supply chain, even with growing demand for re...
    Constellium partners with OEMs and suppliers for new circular aluminum project
    French aluminum company Constellium announced via a press release on 2 December that it was leading a consortium of automakers and suppliers as part of a project to develop lower carbon, lower cost aluminum extrusion alloys. According to the press release, the GBP10 million CirConAl (Circular and Constant Aluminium) project, sponsored by a grant from the UK’s Advanced Propulsion Centre (APC), aims to maximize application of post-consumer scrap in the production of next-generation ...
    Volkswagen, government of Canada begin search for suitable sites for PowerCo’s Gigafactory
    Europe’s largest carmaker Volkswagen has signed an agreement with the government of Canada to jointly look for potential sites for VW’s planned battery cell factory in Canada, the company announced on 1 December 2022. The arrangement is part of VW’s larger strategy of accelerating the build-up of its global EV battery business under PowerCo SE by setting up a network of gigafactories worldwide. The company said on Thursday that VW CEO Oliver Blume and the Canadian Minister for Innovatio...
    Salzgitter, Mubea to cooperate on green steel production projects
    German steel company Salzgitter announced via press release on 22 November that it signed a Memorandum of Understanding (MOU) with German automotive parts manufacturer Mubea to cooperate on topics and issues related to green steel production. According to the press release, the two companies intend to cooperate on issues related to “sustainable steel production”, “green steel product processing”, and “steel recycling with closed loops” as part of their goals to achieve their indiv...
    ArcelorMittal partners with Danieli to decarbonize Ontario steel mill
    Italian industrial equipment supplier Danieli announced via press release on 30 November that global steel manufacturer ArcelorMittal had chosen to equip its upcoming green steel mill in Hamilton, Canada, with a 2.5-million-ton iron direct reduction (DRI) plant. According to the press release, the hydrogen-ready DRI plant will use Danieli’s flexible-reductant Energiron technology to produce hot sponge iron pellets from iron ore for eventual supply to ArcelorMittal’s nearby electric arc fu...
    CES 2023: Canatu and Covestro to showcase lidar heater demonstrator
    Canatu has announced that it will jointly present a lidar heater demonstrator with Covestro at CES 2023, according to a company press release on 29 November. The companies will combine flexible transparent film heaters, thermoplastic polymers and film insert molding processing to showcase a lidar cover lens with heating functionality. “By combining Covestro’s highly developed expertise in optical-grade polymers with Canatu’s unique CNT film heater technology, we have jointly develo...
    Tracking supplier investments and sustainability initiatives in the green EV tire market
    Demands for tires with sustainable material compositions and a high compatibility with the unique requirements associated with electric drivetrain systems has led to the creation of a new green electric vehicle (EV) tire market with leading tier-1 suppliers ramping up development and commercial availability of the specific tires across vehicle segments (conventional and high-performance), tire segments (season-specific as well as original/aftermarket), and geographical markets. While high pro...
    Breaking down the tech behind green EV tires
    While tire development programs have historically primarily been focused toward addressing requirements associated with a specific vehicle model’s driving dynamics (e.g., wheel load, spring rates, damping, suspension kinematics and elasticities, engine performance, and velocity), expansion of the global electric vehicle (EV) sector over the last few years, along with a progressive rise in regulatory focus on corporate sustainability and carbon neutrality has driven OEM demand for a fundamental...
    TotalEnergies plans to build new production line for recycled polymers for automotive in France
    TotalEnergies has announced the construction of a new production line of high-performance recycled polypropylene for automotive in its polymer plant in Carling, France, according to a press release on 25 November 2022. The Carling – Saint-Avold petrochemical platform has been manufacturing compounds with added value for the automotive industry since 2016. The launch of a new line dedicated to hybrid compounds will strengthen the platform's position as Europe's premier polymers site. ...
    SK On, EcoPro, and Green Eco Manufacture partner to build nickel supply chain in Indonesia
    South Korean EV battery maker SK On has signed a business agreement with EcoPro, a secondary cell battery materials company, and Green Eco Manufacture (GEM), a Chinese battery precursors producer, to build nickel supply chain in Indonesia, SK On announced on 24 November 2022. The three companies plan to set up a joint venture and a new production plant will be set up in the Morowali Industrial Complex in Sulawesi, Indonesia. The plant will produce ‘Ni Mixed Hydroxide Precipitate’ (MHP), a...
    BMW Group to construct a high-voltage battery facility at its Debrecen plant in Hungary
    German luxury carmaker BMW Group plans to build a high-voltage battery assembly facility in Debrecen, Hungary, BMW announced on 25 November 2022. The planned battery assembly unit will be located on the site of the Debrecen vehicle plant, which started construction about six months ago, the company said, adding that the new facility is expected to will create more than 500 additional jobs and invest over EUR2 billion (USD2.07 billion) in the construction and launch of the entire plant by the ...
    LG Chem, Korea Zinc partner on supply of battery materials in North America
    LG Chem has signed a memorandum of understanding (MoU) with Korea Zinc Inc., a major South Korean smelter of nonferrous metals, on securing a stable supply of battery materials in North America, according to a news report published by Yonhap News Agency on 23 November 2022. The report stated that the two companies have forged a comprehensive business partnership that will also include joint exploration of metals that can be used in the manufacturing of cathode materials. The partnership entai...
    Trelleborg to acquire Injectoplast’s USD7 million elastomer boots manufacturing business
    Swedish polymer tech company Trelleborg announced via press release on 25 November that it had signed an agreement to acquire the automotive boots manufacturing business of India-based privately owned company Injectoplast to strengthen its own position in the global boots market. According to the press release, assets involved in the acquisition include a head office and a manufacturing center in the Indian state of Uttar Pradesh located strategically close to a light vehicle manufacturing cl...
    Continental develops new lightweight brake calipers for EVs
    German automotive parts company Continental announced via press release on 24 November the launch of its new Green Caliper, a cast iron brake caliper designed specifically for application in electric vehicles (EVs). According to the press release, the Green Caliper is compact with small and thin brake pads that cumulatively enable a mass reduction of up to 2 kg per caliper. The calipers with their lower bridge height also allow installation of thin and large-radius brake discs that can furthe...
    Kumho partners with Technip to produce recycled styrene-based tire rubber
    The European Rubber Journal reported on 25 November that South Korean synthetic rubber and chemicals manufacturer Kumho Petrochemical had signed a memorandum of understanding (MOU) with French engineering and technology company Technip Energies to license a plastics recycling process enabled by US recycling technology company Agilyx. According to the report, the company plans to use the recycling tech currently exclusively licensed by Technip to recover styrene monomers from waste polystyrene...
    Update on the semiconductor shortage and outlook for 2023 and beyond
    From the first rumblings out of China in December 2020 the semiconductor has gone on to dominate discussions around the automotive sector. The issues are still ongoing – just last week Jaguar Land Rover announced it was slowing production of certain models due to a continuing supply squeeze – and a few voices in the industry are being heard speculating that the crunch will last until 2026. To get a perspective on the current situation and future developments we talked with Jeremie Bouchaud, ...
    AutoTechInsight Weekly – 28 November 2022
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    Israeli startup EVR Motors partners India’s EKA Mobility on lightweight electric motors
    Israeli startup EVR Motors has partnered with India’s EKA Mobility to design small, lightweight electric motors, according to a news report published by StartupHub.ai on 8 November 2022. The jointly developed electric motors will be used in light commercial vehicles (LCVs) and electric buses produced by EKA Mobility, which is an EV and technology company, a subsidiary of Pinnacle Industries Limited.   According to the new commercial agreement, EVR will design and develop electric mo...
    Apollo, CEAT, JK, and MRF to expand Indian natural rubber capacity with joint USD135 million investment
    The Economic Times reported on 4 November that tire manufacturers Apollo Tyres, CEAT, JK Tyre, and MRF will jointly invest USD135 million (INR11 billion) over the next five years to increase rubber plantation capacity in India as part of a project being implemented by the Automotive Tyre Manufacturers' Association. According to the report, the plantation project will involve setting up 200,000 hectares of rubber plantations in the states of Assam, Arunachal Pradesh, Manipur, Me...
    Apollo Tyres signs recycled rubber supply agreement with Tyromer
    Indian tire manufacturer Apollo Tyres announced via press release on 23 November that it had partnered with Canadian rubber products manufacturing company Tyromer Inc for the application of recycled rubber material in its future tires. According to the press release, the two companies had validated application of Tyromer’s recycled tire-derived polymers (TDP) as a raw material in tire manufacturing. P K Mohamed, Chief Advisor, R&D, Apollo Tyres Ltd, discussed the strategic need for t...
    General Motors plans to grow EV production capacity to 1 million units in North America by 2025
    US carmaker General Motors Company estimates that its growing electric vehicle (EV) portfolio will become profitable in 2025 in North America as it will scale up its EV capacity in the region to more than 1 million units per annum, the company announced on 17 November 2022, on the sidelines of an investor meet in New York. GM said it plans to expand EV production capacity along with ramping up its software revenue opportunities while generating significant greenhouse gas (GHG) benefits and re...
    LG Chem to invest over USD3 billion to build cathode manufacturing facility in Tennessee, US
    South Korean battery maker LG Chem has signed a memorandum of understanding (MoU) with the state of Tennessee, US, to set up a new cathode manufacturing facility in Clarksville, the company announced on 22 November 2022. The MoU signing ceremony was attended by Tennessee Governor Bill Lee, Department of Economic and Community Development Commissioner Stuart McWhorter and LG Chem CEO Shin Hak-Cheol, among others. LG Chem said construction of the plant will begin in the first quarter of 2023 wi...
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