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    Major revision for global light vehicle production forecast – what it means for OEMs’ technology deployment
    The IHS Markit light vehicle production forecast has been cut by 6.2% or 5.02 million units in 2021, and by 9.3% or 8.45 million units in 2022, to stand at 75.8 million units and 82.6 million units, respectively. For 2023, we have reduced the forecast by 1.05 million units or 1.1% to 92 million unit...
    What Fit for 55 means for all member nations in the European Union
    Unveiling a roadmap to make Europe the world’s first climate neutral continent by 2050, the European Commission rolled out the ‘Fit for 55’ package on 14 July 2021, proposing that the suggestions made by the governing body be made legally binding for all members of the European Union (EU). ...
    19-Aug-2021 Insights Policy & Regulation Pinned
    Pöppelmann to invest USD19.2 million in North Carolina facility
    The North Carolina Department of Commerce announced via press release on 15 October that German plastics fabricator Pöppelmann Plastics had agreed to invest more than USD19.2 million to expand its Claremont manufacturing campus to accommodate an automotive production line. According to the ...
    22-Oct-2021 News Investments
    DAG Tech to invest USD10 million in Michigan to manufacture decorative wheel trims
    The Office of the Governor of the State of Michigan, United States, announced via a press release on 12th October that auto supplier DAG Technology will be investing USD10 million to establish a new manufacturing facility in the Grand Blanc Township. According to the press release, DAG plans to b...
    15-Oct-2021 News Investments
    BMW Group invests in US based lithium extraction technology startup Lilac Solutions
    To promote environment-friendly, resource-efficient extraction of lithium required for its large-scale electric vehicle (EV) plans, the BMW Group, through its venture capital fund BMW i Ventures, is investing in an innovative process developed by the US-based lithium extraction technology startup, L...
    07-Oct-2021 News Investments
    Axalta Mobility breaks ground on new coatings facility in Northern China
    Liquid and powder coatings supplier Axalta broke ground for construction of a coatings facility in Jilin City, Jilin Province, North China, the company announced in a press release on 16 September. The 46,000-square-meter plant is scheduled to open in 2023 and will mainly produce basecoats, prime...
    17-Sep-2021 News Investments
    Li-Cycle to establish new Li-ion battery recycling facility in Alabama, US
    Canadian lithium-ion (Li-ion) battery resource recovery and recycler, Li-Cycle Holdings, has announced that it will be setting up its fourth commercial Li-ion battery recycling facility. According to a press release issued by Li-Cycle on 8 September, the new plant will be located in Tuscaloosa, Alab...
    13-Sep-2021 News Investments
    PPG starts up automotive sealant manufacturing plant in Morocco
    US supplier of paints, coatings, and specialty materials PPG announced via a press release on 12 August the startup of a new automotive sealants manufacturing plant in Tangier, Morocco. The production facility, PPG’s first in Africa, will initially supply materials for Renault Group’s Dacia...
    09-Sep-2021 News Investments
    Posco commences high-purity nickel production for EV batteries
    South Korean materials supplier, Posco, has announced that it has commenced production of high-purity nickel required for secondary batteries used in electric vehicles (EVs). According to a press release issued by Posco on 19 August, the company stated that a new production facility has been set up ...
    30-Aug-2021 News Investments
    Gotion plans to build two lithium carbonate factories in mainland China
    Electric vehicle (EV) battery maker Gotion High-Tech Company plans to build two factories in the southern province of Jiangxi in mainland China to produce a combined 100,000 metric tons per year of lithium carbonate, according to a report filed by Reuters on 5 August. The report sa...
    06-Aug-2021 News Investments
    Posco to invest USD200 million to produce nickel, a critical EV battery material
    Korean steelmaker Posco plans to invest USD200 million (KRW230 billion) in building a nickel sulfate refining facility with an annual production capacity of 20,000 tons to cater to the fast-growing secondary electric vehicle (EV) battery materials market, Korean news publication Pulse News said in a...
    EV battery startup Redwood Materials raises USD700 million in financing
    EV battery materials startup, Redwood Materials, has announced an external investment of over USD700 million. According to a press release issued by Redwood Materials on 28 July, the financing was led by funds and accounts advised by T. Rowe Price Associates, Inc. and includes Goldman Sachs Asset Ma...
    29-Jul-2021 News Investments
    Czech government, CEZ sign agreement to build EV battery gigafactory
    The Ministry of Industry and Trade of Czechia has entered into an agreement with Czech power company, CEZ, to set up a gigafactory for electric car batteries to the country. According to a report filed by S&P Global Platts on 27 July, the Czech government is prepared to support this endeavor by ...
    28-Jul-2021 News Investments
    LG Chem to invest around USD8.7 billion in eco-friendly materials, battery materials by 2025
    LG Chem has said that it will invest KRW10 trillion (USD8.71 billion) by 2025 on new avenues including eco-friendly materials and battery materials for electric vehicles (EVs), according to a 14 July press release. The company plans to invest KRW6 trillion to enhance its product portfolio of anod...
    15-Jul-2021 News Investments
    Martinrea to invest USD40 million to expand operation in US state Tennessee
    US-based automotive lightweight components and propulsion systems supplier Martinrea has announced that it will be investing USD40 million to expand its operations in Robertson County, Tennessee, United States. According to a press release issued by the Tennessee state government o...
    13-Jul-2021 News Investments
    Chinese battery maker EVE Energy to acquire stake in Jinkulun Lithium Industry
    Mainland Chinese battery manufacturer EVE Energy has announced that it will be taking a stake in Jinkulun Lithium Industry Co., a lithium production company. According to a report filed by business news agency Reuters on 9 July, the company will also set up a joint venture (JV)&n...
    12-Jul-2021 News Investments
    Ganfeng Lithium gets approval to build lithium plant in Argentina
    Chinese battery maker Ganfeng Lithium said its subsidiary has received approval to build a 20,000 tonnes per year lithium plant for its Mariana project in northern Argentina, where it intends to use solar power, according to a Reuters report published on 6 July. Ganfeng, which is one of the leadi...
    07-Jul-2021 News Investments
    Sumitomo Metal Mining to invest USD424 million to boost cathode materials production
    Japan-based Sumitomo Metal Mining Co. Ltd. has announced that it will be investing JPY47 billion (approximately USD424 million) in order to ramp up its production capacity of materials used in the rechargeable battery cathodes of electric vehicles. According to a report filed by business news age...
    07-Jul-2021 News Investments
    Startup Green Lithium secures USD2.2 million in seed round funding
    Mineral processing startup Green Lithium has secured GBP1.6 million (USD2.2 million) in seed round funding, it said in a press release on 28 June. Funding was sourced from high-net-worth individual investors, with total investment coming up to more than five times the initial target amount. The c...
    06-Jul-2021 News Investments
    GCG Asia to invest in EV battery factories in Malaysia
    Go Charge Go Asia Malaysia (GCG Asia) has announced that it is entering into the electric vehicle (EV) battery manufacturing space in order to provide automotive OEMs in the Southeast Asian region with a localized battery supply chain, in response to the steady movement of car makers towards electri...
    02-Jul-2021 News Investments
    BASF to establish new battery recycling prototype plant in Schwarzheide, Germany
    German multinational chemical firm, BASF, has announced that it will set up a battery recycling prototype plant in Schwarzheide, Germany, at the site of its cathode active materials (CAM) plant. According to a press release issued by BASF on 29 June, the facility will allow for the development of op...
    30-Jun-2021 News Investments
    Metal additive manufacturing startup Seurat closes USD41 million Series B round
    Seurat Technologies has closed a USD41 million funding in Series B round, led by Capricorn’s Technology Impact Fund, it said in a press release on 22 June. The funds will be used to develop and commercialize metal additive manufacturing technology, Area Printing. Seurat had previously raised USD13...
    24-Jun-2021 News Investments
    DENSO invests in Seurat Technologies to develop metal additive manufacturing technology
    DENSO has invested an undisclosed amount in Seurat Technologies, as a part of Series B funding round, it said in a press release on 23 June. The investment will accelerate development and commercialization of Seurat’s patented additive manufacturing technology. “DENSO is always looking to sta...
    24-Jun-2021 News Investments
    EV battery startup Grinntech concludes USD2 million financing round
    According to a press release on yourstory dated 23 June, Grinntech, a startup specializing in lithium-ion (Li-ion) batteries for electric vehicles (EVs) and energy storage systems, has successfully closed a bridge funding round of nearly USD2 million, wherein all existing investors participated. ...
    24-Jun-2021 News Investments
    Eissmann Automotive acquires KTSN Mexico
    German supplier of interior components, Eissmann Group Automotive has acquired KTSN Mexico and the contracts for the takeover were signed on 15 June 15, the company said in a press release on 21 June. “The takeover negotiations with the insolvency administrator have now also been concluded for ...
    23-Jun-2021 News Investments
    Fortum invests USD28 million to boost EV battery recycling capacity in Finland
    Finnish state-owned energy company, Fortum, has announced that it will expand its lithium-ion battery recycling capacity by building a new, state-of-the-art hydrometallurgical plant in Harjavalta, Finland. According to a press release issued by Fortum on 17 June, the company stated that it has earma...
    23-Jun-2021 News Investments
    Plastic Omnium announces a new plant in China
    French automotive components and systems supplier Plastic Omnium has announced a new manufacturing plant in China, the company said in a press release on 18 June. The planned manufacturing unit would be built by Yanfeng Plastic Omnium Automotive Exterior Systems Company Ltd (YFPO); a joint ventur...
    22-Jun-2021 News Investments
    Foxconn invests USD35.8 million to develop EV battery materials
    Taiwan-based electronics manufacturer Foxconn announced that it has invested TWD995.2 million (approximately USD35.8 million) in solar cell materials maker Giga Solar Materials Corp to develop battery materials for electric vehicles (EVs). According to a report filed by busine...
    18-Jun-2021 News Investments
    US draws up a 10-year national blueprint to locally produce lithium batteries
    Moving fast to secure domestic supply chains for large-scale production of lithium batteries, thereby cutting down dependency on other markets and promoting research and development in critical materials, the US government released a 10-year national blueprint for lithium batteries (2021–30) on 7 ...
    15-Jun-2021 News Investments
    SK Innovation secures green loan from Korean bank to setup second EV battery plant in Hungary
    SK Innovation has announced that it has received a green loan of USD500 million from the Export-Import Bank of Korea. According to a press release issued by SK Innovation on 9 June, these new funds will be used to set up SK Battery Manufacturing Kft. (SKBM), the company’s second EV battery manufac...
    11-Jun-2021 News Investments
    Tesla plans to spend over USD1 billion a year to source battery raw materials from Australia
    Tesla expects to spend more than USD1 billion annually on battery raw materials from Australia, reports Reuters. The electric vehicle (EV) maker has made this decision basis Australia’s robust mining industry and responsible production practices. Significance: The Reuters report quoted Robyn De...
    04-Jun-2021 News Investments
    Magna to build vehicle mirror plant in South Carolina, US
    Canadian auto parts supplier Magna International Inc. is building a new plant in the South Carolina, US, to manufacture vehicle mirrors, according to a report by Automotive News on 27 May 2021. The company is investing USD31 million in the new plant near Spartanburg that will supply to BMW, Mer...
    28-May-2021 News Investments
    DuPont investing USD5 million in R&D and manufacturing in Europe
    DuPont Mobility & Materials is investing USD5 million in capital and operating resources at its manufacturing facilities in Germany and Switzerland to increase capacity for its high-performance automotive adhesives, the company said in a press release on 17 May. “As we see continued recover...
    18-May-2021 News Investments
    Johnson Matthey opens new Battery Technology Center in Oxford, UK
    British supplier firm, Johnson Matthey (JM), has announced a further strategic development in the commercialization of eLNO battery technology, its portfolio of nickel rich advanced cathode materials. According to a press release issued by JM on 7 May, the company has opened a new battery technology...
    17-May-2021 News Investments
    Ningbo Ronbay begins building high-nickel cathode material facility in South Korea
    Chinese battery material manufacturer Ningbo Ronbay has started building a high-nickel content cathode material facility in South Korea, according to a company press release on 21 April. Construction of the first phase, with a design capacity of 20,000 tons per annum (tpa), is expected to be complet...
    13-May-2021 News Investments
    Volkswagen to invest USD88 million for press shop expansion in Zwickau, Germany
    Volkswagen has inaugurated the press shop expansion in its electric vehicle (EV) plant in Zwickau, Germany with an investment of EUR74 million (USD88 million), according to a company press on 5 May. A major part of the expansion is the new XL press, which weighs 180 tons, with a press force of ...
    06-May-2021 News Investments
    Axalta completes expansion of waterborne coatings plant in China
    Axalta Coating Systems, a leading global supplier of liquid and powder coatings, has completed the expansion of its waterborne coatings plant in Jiading, Shanghai in mainland China, according to a company press release on 5 May. The expansion includes added waterborne basecoat, primer, and small bat...
    06-May-2021 News Investments
    Le Bélier to invest USD68 million in new Mexican plant
    The automotive parts supplier Le Bélier announced plans to invest USD68 million in San Miguel de Allende, Guanajuato in Mexico to open a new plant, according to a report by Mexico Now on 30 April citing Clúster Industrial. The plant will be spanning across an area of 35,000 square meters. The new ...
    04-May-2021 News Investments
    AMG Lithium to set up lithium hydroxide plant in Germany
    AMG Lithium has acquired land in Bitterfeld-Wolfen Chemical Park in Germany to set up a lithium hydroxide plant, electricdrive.com reported on 21 April. The Dutch Advanced Metallurgical Group unit is expected to establish the plant by 2023. AMG Lithium is set to build a production plant for batte...
    27-Apr-2021 News Investments
    EDAG Group inaugurates new location in Italy
    The EDAG Group has expanded its footprint in Italy with the inauguration of a new branch office in Fiorano Modenese, the company said in a press release on 26 April. The new branch EDAG Italia S.r.l. is located near the test track for Ferrari vehicles and is part of the existing development sites in...
    27-Apr-2021 News Investments
    Saint-Gobain, Addionics to develop solid-state Li-ion batteries with 3D electrode technology
    Saint-Gobain will partner with Israel-based Addionics to develop next generation solid-state lithium-ion (Li-ion) batteries with novel electrode components under the Israel - US BIRD Energy program, according to a company press release on 20 April. Significance: Saint-Gobain is a leading technica...
    26-Apr-2021 News Investments
    US DOE to invest USD6 million in research on using coal waste to produce additives, graphite
    The US Department of Energy’s (DOE’s) Office of Fossil Energy has announced USD6 million in federal funding for cost-shared research and development (R&D) projects under Advanced Coal Waste Processing: Production of Coal-Enhanced Filaments or Resins for Advanced Manufacturing and Resear...
    23-Apr-2021 News Investments
    DuPont to build USD30-million plant for vehicle adhesives in Jiangsu, China
    DuPont has announced that it is investing roughly USD30 million to build a new production facility in mainland China in Zhangjiagang, Jiangsu Province. According to a company press release on 20 April, the new facility will produce adhesives for the transportation industry, to cater to demands for v...
    22-Apr-2021 News Investments
    LG Chem completes 1,200 ton Yeosu carbon nanotubes plant in South Korea
    LG Chem is planning to accelerate its advancement into the carbon nanotubes (CNT) market with the help of a 1,200-ton “Yeosu CNT Plant 2” in Korea that was completed and begun operations on 14 April, according to a company press release of the same day. Additionally, the company’s existing 500...
    22-Apr-2021 News Investments
    University of Michigan to invest USD2 million to reduce cost of recyclable lightweight sheet metals
    The University of Michigan is investing in a project worth USD2 million that aims to develop simpler and more cost-effective ways to make recyclable lightweight automotive sheet metals, according to a press release by the university on 20 April. The project is called “The Clean Sheet Project.” A...
    22-Apr-2021 News Investments
    Asahi Kasei relocates European headquarters to Düsseldorf, Germany
    Asahi Kasei Europe has relocated its office and research and development (R&D) functions to its new base at Düsseldorf Harbor in Germany, according to a company press release on 13 April. The new headquarters includes office spaces, a showroom for automotive materials and an R&D center, whi...
    Posco to set up new lithium refining plant in Gwangyang, South Korea
    South Korean steelmaker POSCO anounced plans to build a plant in South Korea to extract lithium hydroxide, which is a key material for electric vehicle (EV) batteries, Yonhap News Agency reported on 14 April. POSCO’s board of directors have approved the plan to build a plant in the southern indust...
    16-Apr-2021 News Investments
    AK Automotive to invest USD23.8 million to expand car parts factory in Slovenia
    AK Automotive plans to invest EUR20 million (USD23.8 million) to expand its car parts factory in Koper, Slovenia, according to a report by SeeNews on 12 April. AK Automotive intends to build a new production unit spreading on 2,000 square meters of area to produce car parts and chassis parts. Sig...
    13-Apr-2021 News Investments
    Novares breaks ground on new plant in Shenyang, China
    Novares broke ground on expansion of Shenyang plant in mainland China, which will increase the site’s capacity by 15 production lines, according to a company press release on 9 April. The expansion is expected to be completed on 31 October 2021, bringing the total land area of the Shenyang site to...
    13-Apr-2021 News Investments
    Continental to expand production operations in Timișoara, Romania
    Germany-based Continental has purchased a new building in Timișoara, Romania to expand operations in the country. According to a company press release on 7 April 2021, the new building includes the production hall and offices located on Otto Rudolf Street, in the Freidorf Timișoara Industrial Park...
    08-Apr-2021 News Investments
    Radici Group invests USD40 million in high-performance polymers plants worldwide
    The RadiciGroup High Performance Polymers Business Area is investing over EUR35 million (USD40 million) to add to its global production capacity with new construction and installations in North America, Europe, and mainland China, according to a company press release on 31 March. Significance: ...
    01-Apr-2021 News Investments
    Teijin Ltd., Applied EV team up to develop LS-EV prototype with polycarbonate resin glazing
    Teijin Limited has announced that together with Applied Electric Vehicles (Applied EV) it has developed a highly energy-efficient low-speed electric vehicle (LS-EV) prototype for autonomous driving systems and other mobility applications for zero-emission mobility, according to a company press relea...
    LANXESS to produce electrolyte formulations for Li-ion batteries from 2022
    LANXESS is entering the field of battery chemistry by cooperating with Guangzhou Tinci Materials Technology Co. (Tinci), a lithium-ion (Li-ion) battery materials manufacturer based in mainland China, according to a company press release on 30 March. Starting next year LANXESS will produce electrolyt...
    31-Mar-2021 News Investments
    Chinese supplier Senior Technology Material to invest USD288 million in production facility in Sweden
    Shenzhen Senior Technology Material has announced plans to invest SEK2.5 billion (USD288 million) to establish a production facility at Svista industrial estate in Eskilstuna, Sweden, Business Sweden reported on 25 March. The planned investment, Senior Technology’s first outside mainland China, wi...
    30-Mar-2021 News Investments
    Volkswagen partner Gotion High-Tech to set up battery recycling plant in Hefei, mainland China
    Volkswagen’s Chinese battery partner Gotion High-Tech has announced plans to invest a total of USD1.8 billion in the construction of battery recycling and raw material production facilities for lithium-ion (Li-ion) batteries in Hefei city, reports electrive.com. The company expects to complete the...
    24-Mar-2021 News Investments
    Asahi Kasei to ramp up LIB separator production capacity in Japan
    Asahi Kasei has announced that the company will increase production capacity for Hipore™ Li-ion battery (LIB) separator at its plant in Hyuga, Miyazaki, Japan, according to a company press release on 15 March. The Japanese supplier is investing JPY30 billion (around USD275 million) to expand capac...
    19-Mar-2021 News Investments
    Freudenberg Sealing Technologies expands material testing capabilities in US
    Freudenberg Sealing Technologies has expanded its material testing capabilities to include performance and compatibility evaluations for materials used to seal and maintain lithium-ion (Li-ion) batteries, according to a company press release on 16 March. The company has installed advanced equipment ...
    17-Mar-2021 News Investments
    thyssenkrupp Steel announces investing in sheet steel plants to improve material quality
    As part of its Strategy 20-30, thyssenkrupp Steel is investing in its manufacturing facilities to improve the surface quality of premium sheet steel, according to a company press release on 11 March. The company has placed an order for two new walking beam furnaces for the revamped hot strip mill 4 ...
    16-Mar-2021 News Investments
    Dow plans USD250 million to build South China Specialties Hub for polyurethane production
    Dow has signed a memorandum of understanding (MoU) with the Zhanjiang Economic and Technological Development Zone Administrative Committee (Zhanjiang EDZ) in mainland China, to build the Dow South China Specialties Hub according to a company press release on 4 March. The company plans to invest USD2...
    16-Mar-2021 News Investments
    German supplier KIRCHHOFF Automotive to invest UDS15 million in assembly facility in US
    Germany-based automotive supplier, KIRCHHOFF Automotive is investing USD15 million to open an assembly facility in Lawrenceville, Georgia, US, according to a press release on 8 March from Georgia Department of Economic Development (GDEcD). The project is expected to create 73 new jobs in Gwinnett Co...
    15-Mar-2021 News Investments
    BMW invests in CO2-free steel production method developed by Boston Metal
    The BMW Group is investing in a method for carbon dioxide (CO2)-free steel production developed by American startup Boston Metal, through its venture capital fund, BMW i Ventures, according to a press release on 12 March. Moving forward, Boston Metal plans to industrialize the new method for steel p...
    15-Mar-2021 News Investments
    India-based Sandhar Technologies to open production facility in Romania
    Indian autoparts supplier Sandhar Technologies will establish a new facility in Romania to produce diecast aluminium components for car wipers and seat belt retractor spindles, Profit.ro reported on 10 March. The company has established a branch in Bucharest, Sandhar Technologies RO, through its Spa...
    12-Mar-2021 News Investments
    Continental plans to invest USD178 million in Romania in 2021
    Continental invested EUR150 million (USD178 million) in Romania in 2020, SeeNews reported the company saying in a statement on 11 March. The German supplier will invest similar amount at its manufacturing facilities and research and development (R&D) centers in 2021.   Significance: All ...
    12-Mar-2021 News Investments
    Stratus Plastics expands operations at US plant for automotive application
    Canada-based injection molding company, Stratus Plastics International is expanding production at its manufacturing plant in Morgantown, Kentucky, US, and adding 40 new jobs there, according to a report by Canadian Plastics on 9 March. The expansion and hiring comes on the back of increased demand a...
    10-Mar-2021 News Investments
    EDAG begins construction of new test center in Munich, Germany
    The EDAG Group, an engineering service provider for the mobility industry, has begun construction a new test center at the ‘Waldmeisterstraße’ site in Munich, Germany, according to a company press release on 2 March 2021. The center is expected to be completed in the coming months. EDAG's 140 E...
    03-Mar-2021 News Investments
    POSCO plans to expand cathode plant in South Korea
    POSCO Chemical Co., an affiliate of South Korea's steel major POSCO Group, is planning to invest KRW275.8 billion (about USD248 million) to expand its production capacity of cathodes, a key component for electric vehicle (EV) batteries, in South Korea, Yonhap News Agency reported on 23 February. POS...
    01-Mar-2021 News Investments
    Schaeffler to open new R&D center in Germany
    Schaeffler has opened a new research and development (R&D) laboratory at its Herzogenaurach complex in Germany, the company announced in a press release on 22 February. Schaeffler is planning to invest EUR80 million in the new laboratory. The complex, currently in the detailed planning phase, is...
    23-Feb-2021 News Investments
    Sumitomo Chemical to establish polypropylene compound plant in Poland
    Sumitomo Chemical Co. Ltd. will build a new production base for polypropylene (PP) compounds in Poland. According to a company press release on 10 February, the company will establish Sumika Polymer Compounds Poland Sp.z.o.o. (SPCP), a new production base in Poland, to further enhance its PP compoun...
    17-Feb-2021 News Investments
    Hydrovolt to open battery recycling plant in Norway
    In a press release dated 29 January, Hydrovolt, a recycling joint venture (JV) between Hydro and Northvolt, announced that it has started construction of a new battery recycling plant in Norway. The plant will have the capacity to process more than 8,000 metric tons of modules from car batterie...
    12-Feb-2021 News Investments
    EcoGraf to set up battery graphite facility in Australia
    EcoGraf Limited will set up a battery graphite facility in Western Australia. According to a company press release on 8 February, the company has authorized GR Engineering Services Limited to undertake works for the detailed engineering design for the construction of its new 20,000 tpa battery graph...
    10-Feb-2021 News Investments
    Minda Kyoraku to expand blow moulding parts plant in Bangalore, India
    Minda Industries has announced that its subsidiary Minda Kyoraku will expand its plant for blow moulding parts plant in Bangalore, India, according to a regulatory filing by the company on 4 February. The company plans to invest approximately INR872.9 million (USD11.9 million). The expanded plant is...
    09-Feb-2021 News Investments
    Magna secures environmental approval for capacity expansion in Slovenia
    The Environment Agency of Slovenia has issued a preliminary environmental approval for Magna’s capacity expansion near Maribor, Slovenia, according to a press release on the official website of InvestSlovenia on 5 February. According to the Environment Agency, Magna's application will now be re...
    09-Feb-2021 News Investments
    Indonesia receives investment proposal from Tesla, says official
    Indonesia has received an investment proposal from Tesla, Septian Hario Seto, deputy head for Investment and Mining Coordination at the Indonesian government told reported on 5 February. “I received their proposal yesterday morning... next week we will meet them (virtually) to get an official expl...
    08-Feb-2021 News Investments
    Covestro to set up new plant for polyurethane dispersions and polyester resins in mainland China
    Covestro is planning to set up a new production facility for polyurethane dispersions (PUDs) at the Covestro Integrated Site in Shanghai, China (CISS) to meet the rising demand for environmentally compatible coatings and adhesives in the Asia Pacific region, the company announced in a press release ...
    08-Feb-2021 News Investments
    Constellium mulls investing in aluminum recycling facility in Europe
    French aluminum products supplier, Constellium, has announced that it is in the advanced planning stages of an investment to increase its recycling capacity in Europe. According to a press release issued by Constellium on 4 February, the company stated that this project will focus on using recycled ...
    05-Feb-2021 News Investments
    Volkswagen Group Components begins battery recycling pilot plant in German city Salzgitter
    Volkswagen Group Components has opened its first electric vehicle (EV) battery recycling pilot plant in Salzgitter, Germany, the company announced in a press release on 29 January. Volkswagen Group Components aims to recover valuable raw materials such as lithium, nickel, manganese and cobalt in a c...
    01-Feb-2021 News Investments
    Toyoda Gosei to establish new plant for interiors and exteriors in Japan
    Toyoda Gosei Co., Ltd.’s production subsidiary in eastern Japan, Toyoda Gosei East Japan Co., Ltd. (TGEJ), is establishing a new plant in Ohira, Kurokawa-gun, Miyagi, the Japanese supplier announced in a press release on 29 January 2021. The company expects to begin construction of the plant in Ap...
    01-Feb-2021 News Investments
    Fortum to expand EV battery recycling plant in Finland
    Fortum is expanding its electric vehicle (EV) battery recycling capacity in Finland, the company announced in a press release on 26 January. In February 2021, Fortum will open a new mechanical recycling processing plant located in Ikaalinen, Finland. With the expansion, Fortum will be able to recycl...
    28-Jan-2021 News Investments
    ArcelorMittal upgrading French plant for electric mobility steel
    ArcelorMittal is investing EUR13 million (USD15.7 million) in its Saint Chély d’Apcher plant in southern France, which specializes in iCARe® electrical steels for the automotive sector, according to a company press release on 22 January 2021. The investment will be used for production upgrades a...
    28-Jan-2021 News Investments
    SGL Carbon introduces new production processes for fiber-based composites at Arkansas plant in US
    SGL Carbon has introduced a new production process for fiber-based composites in order to ramp up its production at the Arkansas plant in the United States, the company announced in a press release on 21 January. SGL Carbon will invest USD4.5 million in the next three years and will increase the wor...
    25-Jan-2021 News Investments
    Piedmont Lithium invests in hard-rock lithium developer Sayona Mining
    Piedmont Lithium Limited has announced that it has entered into an agreement to set up a strategic partnership with Sayona Mining Limited through the purchase of equity stakes in Sayona and its fully-owned Quebec subsidiary, Sayona Quebec Inc. According to a press release issued by Piedmont Lithium ...
    25-Jan-2021 News Investments
    Albemarle expands lithium production capacity at Nevada site in US
    In a press release dated 7 January, Albemarle announced that it will expand capacity at the company's lithium production facility in Silver Peak, Nevada, in the United States. Albemarle will also  begin a program to evaluate clays and other available Nevada resources for commercial production o...
    11-Jan-2021 News Investments
    Korean supplier Sangsin Magyarország invests in Hungary plant
    The Hungarian unit of Korean supplier Sangsin will invest EUR 28.8 million (USD35.3 million) to expand its base in Jászberény, east Hungary, according to a press release on the official website of Hungarian Investment Promotion Agency on 7 January 2021. The expansion will also create 150 new jobs....
    08-Jan-2021 News Investments
    ElringKlinger to establish new facility in Neuffen, Germany
    German automotive components supplier ElringKlinger AG has announced that it will be setting up a new facility in the town of Neuffen in Germany. According to a press release from ElringKlinger on 7 January, this new location will house the company’s battery technology division and drive...
    08-Jan-2021 News Investments
    ArcelorMittal Dofasco adds new coating line for Usibor press hardenable steel for automotive in Canada
    In a press release on 3 January, ArcelorMittal Dofasco announced a coating addition of its No.5 Hot-Dipped Galvanizing Line in Hamilton, Canada to Aluminum Silicon (Alusi) for the production of ArcelorMittal’s patented Usibor press hardenable steel for automotive structural and safety components. ...
    06-Jan-2021 News Investments
    Component-A LLC to open new aluminum casting plant in Russia
    Component-A LLC will construct an aluminum casting plant in Kaluga region in Russia, according to a press release on the official website of Investment Portal Kaluga region. To this end, the company will invest RUB2 billion (USD27 million). The new site will also have a training center and the desig...
    04-Jan-2021 News Investments
    Turkey opens first lithium production plant
    Turkey has opened its first lithium production plant in the central province of Eskisehir, Daily Sabah reported on 26 December. Initially, the plant will have a lithium production from boron sources capacity of 10 tons per year. When fully operational, the plant will produce nearly 600 tons annually...
    30-Dec-2020 News Investments
    India-based Garware Polyester starts production of paint protection films for vehicles
    Garware Polyester Limited (GPL), the flagship company of India-based Garware Group, has commenced production of paint protection film (PPF) for automotive paint protection at its Aurangabad plant in Maharashtra, the company said in a press release on 17 December. The company will offer its product t...
    30-Dec-2020 News Investments
    First Cobalt secures CAD10-million government funding for Canada refinery
    Canadian startup First Cobalt Corp has secured CAD10 million (USD7.7 million) in government loans and grants to accelerate the expansion of its North America’s first cobalt refinery, Reuters reported on 16 December. Canada will provide a CAD5-million interest-free loan to First Cobalt while the On...
    23-Dec-2020 News Investments
    ArcelorMittal, Nippon Steel to build new electric arc furnace in US state Alabama
    Luxembourg-based steel major ArcelorMittal SA and Japan’s Nippon Steel Corp will jointly build an electric arc furnace at their US joint venture (JV) in Alabama, Reuters reported on 22 December. To this end, the companies will invest USD775 million. The furnace is expected to start operations in t...
    22-Dec-2020 News Investments
    Robert Bosch Venture Capitals invests in US-based startup Arris
    Robert Bosch Venture Capital (RBVC), the corporate venture capital unit of German supplier Bosch, has invested in Arris, a California-based manufacturing tech pioneer enabling the use of high-performance composites in mass-market products, Arris announced in a press release on 17 December 2020. The ...
    CATL completes investment in Canada-based company Neo Lithium
    Contemporary Amperex Technology (CATL) has completed equity investment in lithium brine company Neo Lithium, according to a press release by Neo Lithium on 15 December. CATL has purchased 10,217,503 common shares at a price of CAD0.84 (USD0.65) for a gross proceeds of CAD8.58 million to Neo Lithium,...
    17-Dec-2020 News Investments
    Huf Group to expand operations in Romania
    Huf Group, a German automotive locking, access, and authorization systems supplier, is expanding its operations in Romania, according to a company press release on 11 December. The company is doubling the available space from 10,000 to 20,000-square-meters of its factory in Arad, Romania. The new ex...
    16-Dec-2020 News Investments
    South Korean supplier Iljin Materials to establish new plant in Hungary to make copper thin foil for EV batteries
    South Korean supplier Iljin Materials will establish a new plant in Gödöllő, Hungary, to make copper thin foil for electric vehicle (EV) batteries, according to a press release on the official website of Hungarian Investment Promotion Agency on 14 December. The company will invest worth more than...
    16-Dec-2020 News Investments
    GM invests in new 3D printing plant in US
    General Motors has invested in a new Additive Industrialization Center (AIC) in the United States specializing in 3D printing technology in the automotive industry, the company announced in a press release on 14 December. “The core component of GM’s transformation is becoming a more agile, innov...
    15-Dec-2020 News Investments
    Liberty starts commercial production at Teesside powder metals facility in UK
    Liberty Powder Metals, part of GFG Alliance, has started commercial production at its high-tech new Teesside powder metals facility in the United Kingdom, targeting fast-growing demand from the advanced manufacturing and 3D printing industries, GFG said in a press release on 9 December. Commissionin...
    15-Dec-2020 News Investments
    Indian supplier Plastic Components Industries to open new facility in Canada
    Plastic Component Industries (PCI) has announced that the company will open a new facility in Ontario, Canada, according to a press release on 9 December 2020. PCI will invest CAD4 million (USD3.1 million) in the new facility, which is expected to create 80 jobs over the next three years. “We a...
    15-Dec-2020 News Investments
    GM plans to invest USD70 million in Tonawanda engine plant in US
    General Motors (GM) has announced plans to invest USD70 million in its Tonawanda engine plant in New York, US, the company said in a press release on 14 December. The investment will be used to ramp up capacity of the engine block manufacturing line. The US automaker is also investing USD6 millio...
    15-Dec-2020 News Investments
    PGI invests USD27 million in new manufacturing plant in Mexico
    PGI automotive company is investing USD27 million to build a new plant in the World Trade Center industrial park in San Luis Potosi, Mexico, according to a report by Cluster Industrial on 9 December. The plant is expected to create more than 270 jobs. Significance: From its new plant, PGI will su...
    11-Dec-2020 News Investments
    Hindalco to set up aluminum extrusion plant in India
    Hindalco Industries Limited, the Aditya Birla Group metals flagship, has announced plans to set up a 34,000-tonne extrusion plant at Silvassa in India, according to a company press release on 7 December. The company plans to invest INR7.3 billion (USD98.8 million) in the project. The Silvassa facili...
    08-Dec-2020 News Investments
    Elkem opens new production workshop for specialized silicones for electrified vehicles in mainland China
    Elkem has opened a new production workshop in Shanghai, China, dedicated to the development and manufacturing of specialized silicones for hybrid and electric vehicles (EVs), according to a company press release on 2 December. The new workshop named Delta 2 further increases the production capacity ...
    07-Dec-2020 News Investments
    Hyundai Mobis plans to open new plant in US state Alabama
    Auto supplier Mobis US Alabama LLC, a subsidiary of South Korea–based Hyundai Mobis, plans to open a new plant in the US state Alabama, according to an official press release on the website of the Alabama Department of Commerce on 9 November. To this end, the company plans to invest USD15.8 millio...
    04-Dec-2020 News Investments
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