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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
    Ford recalls select EcoSport models in Australia over faulty hood insulators
    Ford Australia has recalled 1029 units of its model year (MY) 2013–17 Ford EcoSport sport utility vehicles (SUVs), because of a potential fire risk, a notice dated 19 October from the transportation department of Australia showed. The recall notice read ‘the hood insulator may becom...
    21-Oct-2021 News Recalls
    German engineering firm IAV develops a modular platform for electric drivetrains
    German engineering services firm IAV has designed a modular electric drive platform that makes the development of electric drives in the fleet faster, cheaper, and more sustainable for applications across small cars to light commercial vehicles, the company said in a press release on 14 October. ...
    18-Oct-2021 News New Products
    BorgWarner secures order to supply P3 drive modules to a major European OEM
    BorgWarner has secured an order to supply its fully integrated P3 hybrid drive module that will power a range of front- and all-wheel drive (AWD) sport utility vehicles (SUVs) for a major European performance-based OEM, the company announced on 14 October without disclosing the name of its customer....
    AutoTechInsight Weekly – 18 October 2021
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    BorgWarner to invest USD116 million in a new EV components plant in Portugal
    Michigan-based global supplier of powertrain technologies BorgWarner broke ground for a new plant in Viana do Castelo, Portugal, where it plans to manufacture EV powertrain parts such as electric motors, inverters and battery management systems (BMS) for a wide range of global automakers in Europe, ...
    14-Oct-2021 News Investments
    Cummins plans to launch software features to integrate powertrains with automated driving system technologies
    Cummins announced its intention to launch a set of software features to integrate its powertrains with Automated Driving System (ADS) technologies in an official press release dated 11 October. “With our investment in and commitment to autonomous vehicle technologies, Cummins is prepared to sup...
    12-Oct-2021 News New Products
    Stellantis to invest USD229 million in Kokomo, Indiana operations to accelerate EV plans
    Stellantis plans to invest a total of USD229 million in three of its Kokomo, Indiana, plants in an effort to reach its goal of achieving 40% low-emission vehicle sales in the US by 2030, the automaker said in a press release on 7 October. The company said that its head of powertrain operations Br...
    11-Oct-2021 News Investments
    AutoTechInsight Weekly –11 October 2021
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    Genesis unveils its first fully-electric car, the GV60
    Hyundai Motor Company’s luxury car arm, Genesis unveiled its first battery electric car, the GV60 in a digital world premier online event on 30 September. Designed a high-performance electric crossover utility vehicle, the GV60 is the first car from Genesis that is built on the parent company’s ...
    06-Oct-2021 News New Products
    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...
    Magna announces termination of merger agreement with Veoneer
    Magna International Inc. today announced that the board of directors of Veoneer, Inc. has determined that the previously announced proposal by Qualcomm Incorporated to acquire Veoneer for USD37 per share is a superior proposal under the terms of the previously announced merger agreement between Magn...
    AutoTechInsight Weekly – 4 October 2021
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    Continental restructures business verticals, calls it market-oriented realignment
    German automotive component manufacturer Continental AG announced on 30 September that its Supervisory Board has approved the Group’s restructuring with a focus on market developments and customer requirements. “The Executive Board decided on the organizational changes in September 2021 in vi...
    Toshiba begins shipments of Pre-Driver IC for automotive brushless motors supporting functional safety
    Toshiba has begun shipping test samples of the "TB9083FTG," a pre-driver IC for automotive applications such as brushless motors for electric power steering systems and electric brakes, according to an official press release dated 27 September. Toshiba will ship final samples in January 2022, and ma...
    Kongsberg Automotive lowers FY 2021 revenue guidance on persisting chip shortage
    Zurich-based Kongsberg Automotive has lowered its guidance on fiscal year (FY) 2021 revenue and adjusted earnings before interest and taxes (EBIT) on persisting industry challenges such as continuing semiconductor shortage along with surging raw material prices, the company said in a press rele...
    Robert Bosch Venture Capital launches new investment platform for China
    The corporate venture arm of the Bosch Group, Robert Bosch Venture Capital GmbH (RBVC) has set up its new investment platform called Boyuan Private Equity Capital Management Company Ltd. (or Boyuan Capital), based in Shanghai, the company announced on 27 September. Boyuan Capital will focus on ma...
    Hyundai recalls select MY 2017 Tucson and Sonata models over risk of engine fire
    Hyundai Motor is recalling over 130,000 vehicles in the United States and Canada for an issue with the engine that could increase the risk of a fire, Automotive News Canada reported on 24 September. The recall covers certain model year (MY) 2017 Tucson and MY2017 Sonata Hybrid sedans with 2L Nu GDI ...
    27-Sep-2021 News Recalls
    EV startup Mullen Technologies partner hofer powertrain for supply of electric drive systems
    California-based EV startup Mullen Technologies Inc. has entered into an agreement with German powertrain solutions supplier, hofer powertrain GmbH to partner in the development and manufacturing of electric drive systems and components for Mullen's upcoming electric vehicle (EV) lineup, the company...
    AutoTechInsight Weekly – 27 September 2021
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    Mahle Powertrain's Northampton emissions test center gets ISO accreditation
    Engineering services division of MAHLE GmbH MAHLE Powertrain announced via press release on 15 September that its Real Driving Emissions (RDE) Centre in Northampton had been awarded with the ISO/IEC 17025:2017 accreditation for vehicle emission testing to latest Euro 6 standards. According t...
    TI Fluid Systems appoints Hans Dieltjens as its new president and CEO
    Global supplier of automotive fluid systems, TI Fluid Systems has appointed Hans Dieltjens as its new president and chief executive officer with effect from 1 October 2021, the company said in a press release on 21 September. Hans will succeed William L. Kozyra, who will retire on 1 October and s...
    Schaeffler AG appoints Claus Bauer as CFO
    German automotive component supplier Schaeffler AG has appointed Claus Bauer, 55, as the chief financial officer (CFO), under a two-year contract with effect from 1 September, the company had announced on 31 August. It said that Bauer, who succeeds Klaus Patzak will be responsible for finance and in...
    AutoTechInsight Weekly – 20 September 2021
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    Linamar sets up eLIN Product Solutions Group to focus on electric vehicles
    Canadian supplier of forged and machined components to the auto industry Linamar Corporation announced on 16 September that it is establishing eLIN Product Solutions Group, which will focus on leveraging business opportunities in electric mobility for its mobility and industrial businesses. The f...
    Kongsberg wins contract worth EUR20 million to supply high-temperature fuel line
    Kongsberg Automotive’s Fluid Transfer Systems has announced renewal of its relationship with one of the world’s leading suppliers of fuel transfer systems. According to the company press release on 15 September, Fluid Transfer Systems has won incremental business and secured an extension contrac...
    TDK introduces new hall-effect sensors for hybrid and EVs
    Japanese multinational electronics company TDK announced via press release on 9 September that it had expanded its Micronas 3D HAL® sensor portfolio with the new HAR 3900 and HAR 3930 hall-effect sensors. According to the press release, the products enable stray-field compensated position d...
    13-Sep-2021 News New Products
    AutoTechInsight Weekly – 13 September 2021
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    American Axle & Manufacturing to showcase its EV portfolio at CTI Symposium USA 2021
    American Axle & Manufacturing Inc will showcase its electric vehicle portfolio including a highly efficient next generation electric drive unit at the ongoing CTI Symposium USA 2021, the company said in a press release on 8 September. The CTI Symposium USA is a trade fair known for the showca...
    10-Sep-2021 News New Products
    Rheinmetall bags an order for coolant pumps for luxury hybrid vehicle from a global automaker
    German powertrain and thermal parts supplier Rheinmetall has bagged an order for its CWA400 coolant pumps from a global vehicle manufacturer, the company announced on 8 September. The said coolant pumps will be installed in luxury hybrid vehicles with 2.5L, 4-cylinder engines as the order size is pe...
    AutoTechInsight Weekly – 06 September 2021
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    Continental's sensIC project integrates printed electronics into rubber
    German automotive parts manufacturer Continental announced on 2 September that it had initiated research project sensIC at the Center for Functional Printing Technologies in Freiburg, Germany, toward integrating rubber components with sensor technology. According to the company’s press rel...
    06-Sep-2021 News New Products
    Opel premieres new Astra BEV and PHEV models
    Stellantis-owned German carmaker Opel has launched the world premiere of the new Astra. According to a press release issued by Opel on 1 September, the new, sixth-generation Opel Astra will be put on sale as a combustion engine model, a plug-in hybrid in two performance levels, a...
    03-Sep-2021 News New Products
    Magna to display EV, hybrid systems at IAA 2021 Mobility Show in Munich
    Canadian automotive component manufacturer Magna International plans to display its innovative powertrain solutions for electric and hybrid vehicles at the IAA 2021 Mobility Show, the company said in a press release on 1 September. It said that the visitors of IAA will be able to see the Mag...
    03-Sep-2021 News New Products
    Toyoda Gosei supplies new fuel tank cut-off valve for Toyota Land Cruiser
    Japan-based supplier, Toyoda Gosei Co., Ltd., has developed a cutoff valve with a structure that contributes to lighter vehicle weight. According to a press release issued by Toyoda Gosei on 31 August, the company stated that this new cutoff valve is being used on the new Land Cruiser from Toyota Mo...
    02-Sep-2021 News New Products
    Mercedes-AMG GT 63 S E PERFORMANCE PHEV launched
    Germany-based luxury and sportscar manufacturer, Mercedes-Benz, has announced that its high-performance vehicle division, Mercedes-AMG, has premiered its first performance hybrid vehicle. According to a press release issued by Mercedes-Benz on 1 September, the Mercedes-AMG GT 63 S E PERFORMANCE is a...
    01-Sep-2021 News New Products
    MAHLE reports H1 2021 revenues at USD6.69 billion, up 32% y/y
    Stuttgart-based supplier of powertrain technologies MAHLE has reported total first half of 2021 revenue at EUR5.67 billion (USD6.69 billion), up 32% y/y, the company announced on 31 August. MAHLE’s first half 2020 revenues were about 4.28 billion on account of the COVID-19 pandemic. T...
    AutoTechInsight Weekly – 30 August 2021
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    Indian auto component supplier Sona Comstar to invest USD82 million on capex
    Indian auto component manufacturer Sona BLW Precision Forgings (Sona Comstar) has earmarked a capex of around INR6 billion (USD82 million) for the ongoing financial year (FY 2021–22) as the company is upbeat about sustaining growth, ET Auto reported on 30 August. "A large share of this capex wi...
    30-Aug-2021 News Investments
    Benteler to showcase multiple innovations at IAA Mobility 2021
    German automotive components supplier, Benteler, has announced that it will present multiple innovations at the upcoming IAA Mobility 2021 event, which will be held in Munich, Germany, in September. According to a press release issued by Benteler on 25 August, the company will display its Benteler E...
    27-Aug-2021 News New Products
    MY 2022 Kia Sorento PHEV launched in the US
    South Korean car maker, Kia Motors, has launched the newest version of its Sorento plug-in hybrid vehicle (PHEV) in the United States. According to a press release issued by Kia on 18 August, the vehicle will go on sale in the third quarter of 2021 and prices will be revealed closer to the on-sale d...
    27-Aug-2021 News New Products
    Suppliers to the new Hyundai Tucson
    The fourth-generation 2021 Hyundai Tucson is assembled at Hyundai’s facility in Ostrava, Czech Republic. Output of the new version of the compact crossover SUV is expected to peak at more than 184,000 units in 2022, according to IHS Markit. If you would like your company included in this fe...
    Ricardo appoints Graham Ritchie as new CEO
    UK-based engineering services provider Ricardo plc has appointed Graham Ritchie as its new CEO, the company said in a press announcement on 26 August. Ritchie, who takes over the new position on 1 October 2021, replaces the outgoing CEO Dave Shemmans, who is stepping down from the Board after 16 ...
    Indian government to launch PLI scheme soon, plans to allocate USD7.7 billion to auto sector
    The Indian government, which has been pushing for growing localization of automotive parts and reducing import dependency for the industry, is in the final stages of announcing a big-ticket production-linked incentive or PLI scheme, The Economic Times reported on 27 August, citing a cabinet minister...
    Benteler signs agreement to sell two automotive plants to Fidelium Partners
    Germany-based automotive components supplier, Benteler, has announced that it has signed an agreement with Fidelium Partners to sell two of its automotive plants located in Tønder, Denmark and Louviers, France. According to a press release issued by Benteler on 23 August, the company stated that...
    Israeli startup IRP Systems joins FISITA to accelerate EV technology adoption
    Israel-based high-performance electric powertrain startup IRP Systems has joined FISITA, the international membership organization for automotive and mobility systems engineering community, it said in a press release on 17 August. Joining FISITA is part of IRP’s mission to accelerate the adopti...
    AutoTechInsight Weekly – 23 August 2021
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    Advanced Propulsion Center announces USD126 million funding for four zero emission projects
    UK government backed Advanced Propulsion Center (APC) announced on 18 August that a combined government and industry funding of almost GBP92 million (USD 126 million) has been committed to four innovative projects, which are aimed at solving electric vehicle driving range anxiety and decarbonizing c...
    19-Aug-2021 News New Products
    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). ...
    Ford to redesign Niehl assembly plant in Germany to establish the Cologne Electrification Center
    Ford has commenced the initial construction work to transform its Niehl assembly plant in Cologne, Germany, into the new Cologne Electrification Center. According to a press release issued by Ford on 18 August, the company stated that this new facility will be used for the preparation of vehicle bod...
    19-Aug-2021 News Investments
    Kongsberg Automotive appoints Christian Amsel as CTO
    Zurich-based auto component supplier Kongsberg Automotive has appointed Dr. Christian Amsel as chief technology officer (CTO), who taken charge of the position with effect from 1 August 2021, the company said in a press release on 18 August. It added that Dr Amsel’s appointment is to support th...
    Suppliers to the new Lincoln Aviator
    The second-generation Lincoln Aviator is assembled at Ford’s facility in Chicago SHO, United States. Output of the new mid-sized luxury SUV is expected to peak at more than 2,000 units in 2022, according to IHS Markit. If you would like your company included in this feature or the car ...
    New ŠKODA Fabia launched with VW's EVO engines with lower fuel consumption
    Volkswagen-owned Czech carmaker, ŠKODA Auto, has launched the new fourth-generation Fabia with engines from the Volkswagen Group’s latest EVO line-up. According to a press release issued by ŠKODA on 12 August, the company stated that these engines deliver power outputs ranging from 48 ...
    16-Aug-2021 News New Products
    AutoTechInsight Weekly – 16 August 2021
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    Linamar sales up 71% y/y in Q2 2021 to USD1.27 billion
    Linamar has reported sales of CAD1.57 billion (about USD1.27 billion), up CAD651.7 million from CAD923.6 million in the second quarter (Q2) of 2020. The Company’s normalized operating earnings for Q2 2021 was CAS152.2 million. This compares to normalized operating loss of CAD19.4 million in Q2 202...
    Martinrea Q2 2021 sales rises 92.1% y/y to USD705.9 million
    Canada-based automotive lightweight structures and propulsion systems supplier, Martinrea International, has published its financial results for the second quarter of the 2021 fiscal year. According to a press release issued by Martinrea on 10 August, the company stated that it posted a sales figure...
    Illinois Tool Works' (ITW) second quarter 2021 revenue climbs 43.4% y/y to USD3.7 billion
    US-based automotive components supplier, Illinois Tool Works (ITW), has published its financial results for the second quarter of fiscal year (FY) 2021. According to a press release issued by ITW on 30 July, the company has generated revenues of USD3.68 billion during the second quarter 2021 pe...
    Subaru to recall over 165,000 vehicles in the US over fuel pump glitch
    Japanese car maker Subaru is recalling certain models over a potential glitch in their gasoline fuel pumps. According to a notification published by the National Highway Traffic Safety Administration (NHTSA) on 29 July, the reason for this recall is that the low-pressure fuel pump inside the fuel ta...
    10-Aug-2021 News Recalls
    Magna Q2 2021 sales increase 110% y/y to USD9.03 billion
    Global automotive supplier, Magna has reported total sales of USD9.03 billion in the second quarter 2021, registering a y/y growth of 110%, the company said in its earnings release on 6 August. According to the company, revenues from body exteriors and structures contributed USD3.65 billion to ...
    Tenneco Q2 2021 revenue rises 73.8% y/y to USD4.58 billion
    US-based automotive components and systems supplier, Tenneco, has announced its financial results for the second quarter of the 2021 fiscal year (FY). According to a press release issued by Tenneco on 5 August, the company stated that it generated revenues of USD4.58 billion during the second quarte...
    AutoTechInsight Weekly – 9 August 2021
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    Kongsberg Automotive Q2 2021 revenue climbs 92.6% y/y to USD350.8 million
    Norwegian automotive components supplier, Kongsberg Automotive, has announced its financial results for the second quarter of fiscal year 2021. According to a press release issued by Kongsberg on 30 July, the company posted revenues of EUR295.9 million (approximately USD350.8 million) during the sec...
    BorgWarner Q2 2021 net sales rises 164% y/y to USD3.76 billion
    US-based automotive components and systems supplier, BorgWarner, has published its financial results for the second quarter of the 2021 fiscal year (FY). According to a press release issued by BorgWarner on 4 August, during the second quarter this year, the company posted net sales of USD3.76 billio...
    Indian auto component industry reports turnover of USD45.9 billion in FY 2020–21
    Automotive Component Manufacturers Association of India (ACMA), the apex body representing India’s auto component manufacturing industry, announced the findings of its industry performance review for the fiscal year (FY) 2020–21 on 3 August. According to the lobby, Indian auto component indus...
    Dana's Q2 2021 sales double y/y to USD2.21 billion
    US-based automotive components supplier, Dana Inc., has published its financial results for the second quarter of the 2021 fiscal year (FY). According to a press release issued by Dana on 30 July, the company stated that it posted sales of USD2.21 billion, up 104% year-over-year (y/y) from the USD1....
    Trelleborg Q2 2021 net sales increase 22.8% y/y to USD1.01 billion
    Trelleborg has published its financial results for the second quarter of  fiscal year (FY) 2021. According to a press release issued by Trelleborg on 22 July, the Sweden-based components supplier has posted net sales of SEK8.64 billion (approximately USD1.01 billion) during the second quarter 2...
    Mercedes-Benz introduces Flexible Charging System for EVs and PHEVs
    Mercedes-Benz has introduced the new Flexible Charging System, a charging solution with variable options for charging electric vehicles (EVs) and plug-in hybrid vehicles (PHEVs). According to a press release issued by Mercedes-Benz on 2 August, the company stated that the scope of this device includ...
    03-Aug-2021 News New Products
    AutoTechInsight Weekly – 02 August 2021
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    Audi, Jungheinrich collaborate to deploy driverless transport system
    According to a press release on ETAuto dated 31 July, Audi Hungaria has collaborated with Jungheinrich, in which six driverless transport vehicles were deployed within the Otto engine production plant that makes 2.0L 4-cylinder engines. The driverless transport vehicles (FTFs) deliver various eng...
    DENSO’s Q1 revenue rises 77.3% y/y to USD12.37 billion
    DENSO Corporation has reported a 77.3% year-on-year (y/y) increase in revenue for the first quarter at JPY1.36 trillion (USD12.37 billion), according to an official media filing on 30 July. Net profit came in at JPY89.3 billion and operating profit of JPY107.2 billion. Last year, the company po...
    UKRI grants USD14 million to 17 projects working on next-generation battery technologies
    UK government–backed UK Research and Innovation (UKRI) has sanctioned a further investment of USD14 million (GBP10 million) from the Faraday Battery Challenge to support collaborative R&D projects mainly focusing on electric vehicle (EV) battery technologies, it said in a press release on 27 J...
    30-Jul-2021 News New Products
    ZF sales rise 43% y/y to USD22.93 billion in H1 2021
    Friedrichshafen-based ZF Group has reported sales of USD23 billion (EUR19.3 billion) in first half 2021, up 43% year on year (y/y) from USD16 billion (EUR13.5 billion) for the corresponding period last year, the company said while disclosing its financial results on 29 July. According to the...
    Garrett Motion Q2 2021 net sales increase 96% y/y to USD935 million
    Announcing its second quarter 2021 financial results on 29 July, Garrett Motion Inc, a global supplier of powertrain and software solutions, reported net sales of USD935 million, up 96% year on year (y/y) on higher volumes in Europe and North America. The company’s net income for the per...
    Suppliers to the new BMW 4 Series
    The second-generation BMW 4 Series is assembled at BMW’s facility in Dingolfing, Germany. Output of the new version of the two-door coupe is expected to peak at more than 45,000 units in 2022, according to IHS Markit. If you would like your company included in this feature or the car cutawa...
    LG Magna e-Powertrain JV launched
    LG Electronics and Magna International Inc. have signed the transaction agreement which establishes a joint venture (JV) between the two companies. According to a press release issued by Magna on 28 July, the new company, to be called LG Magna e-Powertrain, is headquartered in Incheon, South Korea. ...
    Ford hires M&A veteran to drive inorganic growth in electrification, new business
    Michigan-based vehicle manufacturer, Ford Motor Company has hired a corporate merger and acquisition (M&A) veteran, Doug Power, 52, to accelerate its Ford+ plan for securing growth in electric vehicles (EVs), connectivity and innovative services, the company said in a press announcement on 19 Ju...
    EV startup Rivian plans to invest USD5 billion in its second US plant
    Electric vehicle (EV) startup Rivian plans to invest USD5 billion in its second assembly plant in the US, Reuters reported, citing a company document shared with the state economic development officials. According to a revised economic development document seen by the news agency, Rivian’s seco...
    28-Jul-2021 News Investments
    Valeo to showcase innovative electric mobility solutions at IAA Mobility 2021
    French automotive supplier, Valeo plans to showcase several innovative technologies at the upcoming IAA Mobility 2021, which will be held in Munich this year from 7 to 12 September, the company said in a press release on 26 July. Valeo said that with the help of its joint venture (JV) with Siemen...
    27-Jul-2021 News New Products
    AutoTechInsight Weekly – 26 July 2021
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    MAHLE secures funding, joins German government’s hydrogen project
    Stuttgart-based manufacturer of powertrain technologies, MAHLE has secured funding from the German Federal Ministry of Economics and Technology as part of the ‘New Vehicle and System Technologies’ program, the company said in a press release on 22 July. The said program is a three-year projec...
    Mercedes-Benz acquires electric motor manufacturer YASA
    German luxury car maker Mercedes-Benz has acquired the UK-based electric motor manufacturer YASA, the two companies announced on 22 July. Under the terms of the acquisition, YASA CEO Chris Harris said that the company would operate as a wholly owned subsidiary of Mercedes-Benz, developing ultra...
    Valeo posts 27.4% y/y increase in first half 2021 sales at USD10.60 billion
    Valeo has posted a 27.4% year-on-year (y/y) growth in sales for the first half of fiscal 2021, according to a filing on 22 July. Sales came in at EUR8.99 billion (USD10.60 billion) compared with EUR7.06 billion a year earlier. Net profit was EUR90 million, versus a loss of EUR1.22 billion last ...
    Nidec and Foxconn in talks for a JV on motor systems, EV platforms
    Japanese electric motor manufacturer, Nidec Corporation is in talks with Taiwan’s Foxconn (Hon Hai Technology Group) and its subsidiary Foxtron Vehicle Technologies to set up a joint venture (JV) for developing electric vehicle (EV) drive systems and also learn about the open EV platforms, the com...
    GKN Automotive accelerates development of 800V eDrive technologies for EVs
    UK-based manufacturer of drive systems, GKN Automotive is accelerating the development of next generation eDrive technologies in an attempt to stay aligned with the rapidly increasing global demand for electric vehicles (EVs), the company said in a press release on 20 July. Based on the 800V tech...
    22-Jul-2021 News New Products
    Why the Nissan-Envision AESC gigafactory is strategic for UK’s EV battery supply chain
    Unveiling its strategy to put the UK at the center of its electric vehicle (EV) game plan for Europe, Nissan, along with its battery partner Envision AESC, made a crucial announcement on 1 July to jointly invest GBP1 billion (USD1.37 billion) in the northeastern region to set up the country’s firs...
    Nidec reports 32.8% y/y growth in Q1 net sales to USD4.08 billion
    Japan-based automotive components supplier, Nidec Corporation, has announced its financial results for the first quarter of the 2021 fiscal year (FY). According to a press release issued by Nidec on 21 July, the company posted net sales of JPY447.47 billion (approximately USD4.08 billion) during fir...
    SKF reports record operating profit for first half of 2021
    Gothenburg-based bearings manufacturing company, SKF has reported its second quarter 2021 financial results on 20 July. At SEK40,600 million (USD4.7 million), the company’s first half 2021 net sales have grown 12% year-on-year (y/y). The adjusted operating profit stood at SEK5,907 millio...
    MAHLE criticizes CO2 regulation proposal of the EU Commission
    Stuttgart-based engine parts manufacturer, MAHLE has expressed disapproval of the proposals made by the European Union Commission to reduce carbon dioxide emissions, it said in an official statement on 14 July. Welcoming the approach of defining a roadmap toward climate neutrality adopted by...
    Toyota to launch new Aqua with high-output, bipolar nickel-hydrogen battery
    Toyota Motor Corporation announced the launch of its all-new Aqua hybrid hatchback. According to a press release issued by Toyota on 19 July, the vehicle uses a high-output, bipolar nickel-hydrogen battery as an electric drive battery, which realizes approximately twice the output compared to the ba...
    20-Jul-2021 News New Products
    AutoTechInsight Weekly – 19 July 2021
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    Suppliers to the new Skoda Octavia
    The fourth-generation Skoda Octavia is assembled at the Volkswagen Group’s facility in Mlada Boleslav, Czech Republic, as well as Russia contract manufacturer GAZ’s plant in Nizhny Novgorod, Russia. Output of the new version of the five-door compact car is expected to peak at more than 233,000 u...
    Vitesco exhibits new electric axle drive at 13th Transmission Symposium China
    German supplier of powertrain solutions Vitesco Technologies showcased its new generation electric axle drive—EMR4—at the 13th Transmission Symposium China, the company said in a press announcement on 8 July. The symposium, which opened on 8 July, was hosted by the China Society of Autom...
    15-Jul-2021 News New Products
    Stellantis’s EV roadmap hinges heavily on its battery strategy
    Amsterdam-based Stellantis announced its vehicle electrification strategy for this decade and beyond on its EV Day on 8 July. The parent company to over a dozen iconic brands, including Fiat, Citroën, Peugeot, Jeep, Chrysler, Dodge, Ram, and Maserati, plans to pump in EUR30 billion (over USD35 bill...
    India-based Rico Auto to supply component for Toyota’s hybrid vehicle
    Indian automotive components supplier Rico Auto has announced that it will be supplying components for a Toyota hybrid vehicle. At the company’s fourth quarter 2021 earnings conference call held on 23 June, Arvind Kapur, the chairman, CEO, and managing director of Rico Auto, stated that ...
    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
    AutoTechInsight Weekly – 12 July 2021
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    Stellantis pledges over USD35.6 billion for its electrification strategy
    Amsterdam-based global automobile manufacturer Stellantis N.V. has pledged investments of more than 30 billion euro (USD35.6 billion) over the next five years for its vehicle electrification strategy that will be implemented through this decade across all 14 brands it owns, the company said in a hig...
    10-Jul-2021 News Investments
    AMTE Power leads in UK government funded Li-ion battery cell R&D project
    UK-based manufacturer of lithium-ion (Li-ion) and sodium-ion battery cells, AMTE Power plc has secured government funding and has been selected as a lead supplier in a three-year project called ‘Ultra’, which is focused on bringing two in-house developed Li-ion batteries to automotive readiness,...
    09-Jul-2021 News Investments
    Britishvolt moves closer to setting up USD3.6 billion gigafactory in UK
    UK-based electric vehicle (EV) battery maker Britishvolt has been granted planning permission to construct its first full-scale lithium-ion (Li-ion) gigaplant in Northumberland, northeast England, the company said in a press release on 6 July. The planning approval paves the way for the shovel in...
    09-Jul-2021 News Investments
    Rheinmetall signs letter of intent to supply customized aluminum pistons to a major automaker
    The pistons unit of Germany-based supplier, Rheinmetall, has signed a letter of intent on the development and production of customized aluminum pistons with a well known car maker. The piston, piston ring and piston pin system is destined for the 4-cylinder gasoline engines of a new line of passenge...
    Volvo Cars, Geely form JV ‘Aurobay’ to create a global powertrain supplier
    Volvo Cars and Geely Holding announced that they have agreed to create a joint venture (JV) under the name Aurobay for its powertrain operations. According to a press release issued by Volvo on 8 July, the new company will be a global supplier of complete powertrain solutions including next-generati...
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