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    Will China drive global alignment in EV battery swap standards?
    China, the largest electric car market in the world, is expected to drive global benchmarks in electric vehicle battery swapping practices, as well as the emerging battery-as-a-service, or BaaS, industry. Neither the EV battery swap model is new nor it was invented in China. However, it is the only ...
    How driving assistance and automation are impacting the steer-by-wire systems market
    The current steering systems market is primarily controlled by low-end, column-motor systems in the entry and lower-midclass vehicle segments and high-end, rack-motor systems in the upper-midclass and premium-class vehicle segments. However, steer-by-wire (SBW) steering systems will dominate the fut...
    Audi plans to produce electric drives for VW’s MEB ECO platform in Hungary
    Audi’s Hungary unit plans to produce electric drives for Volkswagen’s (VW's) new MEB ECO platform (modular electric-drive toolkit), which is aimed at the development of VW Group’s small-sized electric cars, the company said in a press announcement on 21 June 2022. The company said that it plan...
    24-Jun-2022 News New Products
    BMW builds new USD2.2 billion factory in China to accelerate EV production
    German luxury carmaker BMW has set up a new electric vehicle (EV) manufacturing plant in Shenyang, China, as part of its capacity expansion drive to accelerate the production of EVs in the world’s largest EV market, the company announced on 23 June 2022. According to BMW, with an overall investmen...
    24-Jun-2022 News Investments
    Volkswagen Group to invest USD2.42 billion on preparing plants in Germany for electrification
    Volkswagen Group announced on 16 June 2022 that the company’s components arm plans to invest EUR2.30 billion (USD2.42 billion) through 2026 in preparing its manufacturing plants in Germany for electrification. “It’s the next step in a transformation process initiated in 2015 that is convert...
    24-Jun-2022 News Investments
    Ford Motor plans to assemble new generation EVs in Valencia, Spain for Europe
    US carmaker Ford Motor has selected its plant located in Valencia, Spain as the suitable facility to assemble vehicles based on its next generation electric vehicle (EV) architecture for Europe, the company announced on 22 June 2022. “Pending product approval, the Valencia plant could produce b...
    23-Jun-2022 News Investments
    Stellantis recalls select Jeep Grand Cherokee and Ram 1500s over faulty high-pressure fuel pump
    Stellantis has recalled model year (MY) 2014 through 2020 Jeep Grand Cherokee SUVs and MY2014 through 2019 Ram 1500 pickup trucks equipped with a 3L diesel engine, a Consumer Reports article dated 16 June read. The recall is related to a faulty high-pressure fuel pump, which can wear prematurel...
    20-Jun-2022 News Recalls
    AutoTechInsight Weekly – 20 June 2022
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    Saietta develops tailor-made electric drive solutions for light-duty vehicles
    The United Kingdom’s SAIETTA Group plc, one of the leading suppliers of advanced e-mobility propulsion solutions, has enhanced and expanded its Axial Flux Technology (AFT)–based electric motor range with integrated power electronics, a modular gearbox, and a bespoke axle architecture to suit the...
    17-Jun-2022 News New Products
    Polestar to expand portfolio, global footprint as part of its growth strategy
    Volvo Cars and Geely Group backed Swedish electric performance car brand Polestar plans to expand into the new markets, growing its retail footprint, and develop new models to propel the company into high-margin premium SUV segments, the carmaker said on 15 June 2022. Polestar’s public listing ...
    16-Jun-2022 News New Products
    Vietnamese EV maker VinFast eyes European markets, plans to open over 50 stores
    Vietnamese electric vehicle (EV) maker VinFast plans to open more than 50 stores across Germany, France, and the Netherlands, the company said on 14 June 2022 on the sidelines of the ongoing EVS35 electric vehicle event in Oslo, Norway. VinFast is showcasing its VF 8 and VF 9 smart EVs at the e...
    Chinese EV maker NIO plans to use in-house developed battery packs by H2 2024
    Chinese electric carmaker NIO plans to start using its in-house developed high-voltage battery packs in its electric vehicles (EVs) from 2024 as part of its larger corporate strategy to drive profitability and competitiveness, according to a news report published by Reuters on 10 June 2022. NIO h...
    16-Jun-2022 News New Products
    General Motors to invest USD81 million at Michigan-based Global Technical Center
    US carmaker General Motors plans to invest more than USD81 million at its Michigan-based Global Technical Center to prepare the facility to build Cadillac’s flagship luxury electric vehicle (EV) CELESTIQ, the company said on 15 June 2022. GM said that the investment will be used to purchase a...
    16-Jun-2022 News Investments
    US, other countries establish minerals security partnership to secure critical materials
    The United States of America and its key partner countries have established the ‘minerals security partnership’ (MSP) with an aim of securing the supply of critical minerals and materials, the US Department of State said in a media note on 14 June 2022. The ambitious new initiative to bolster...
    ROHM unveils new automotive LDO regulator ICs for ADAS and infotainment applications
    ROHM has developed new automotive LDO regulator ICs, it said in a press release on 14 June. The ICs offer stable operation at nanoscale output capacitance. The BD9xxN1 series (BD950N1G-C, BD933N1G-C, BD900N1G-C, BD950N1WG-C, BD933N1WG-C, and BD900N1WG-C) can be used for power supplies in application...
    14-Jun-2022 News New Products
    Hyundai Steel develops low-noise steel alloy for EV reduction gears
    The Korea Herald reported on 9 June that Korean steel manufacturer Hyundai Steel had developed a new steel alloy designed for application in reduction gears in gearboxes equipped in electric vehicles (EVs). According to the report, the new alloy and the associated manufacturing technology allows ...
    14-Jun-2022 News New Products
    Volkswagen adds all-wheel drive version to its ID.4 EV portfolio
    German carmaker Volkswagen has expanded its electric vehicle (EV) portfolio by launching a new all-wheel drive variant of its ID.4 sports utility vehicle (SUV), the company announced on 9 June 2022. VW said that it has already started accepting initial bookings for the EV, which has a price tag of E...
    14-Jun-2022 News New Products
    Schaeffler develops innovative 4in1 electric axle for EVs
    Schaeffler AG has developed an innovative 4in1 electric axle for EVs by integrating the thermal management system as well as the electric motor, power electronics, and transmission into the axle drive, the company said on 13 June 2022. According to Schaeffler, while up to three drive components were...
    14-Jun-2022 News New Products
    AutoTechInsight Weekly – 13 June 2022
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    Vitesco Technologies unveil innovative solutions for EVs
    Global automotive supplier of electric mobility and powertrain components Vitesco Technologies has unveiled a number of innovative solutions on electrification and powertrain at the 35th International Electric Vehicle Symposium (EVS), which is being organized in Oslo, Norway, between 11 June to 15 J...
    13-Jun-2022 News New Products
    Stellantis to build EVs on STLA Large platform at Windsor-based plant in Canada
    Italian–American automaker Stellantis plans to build electric vehicles on its STLA Large platform at its Windsor, Ontario based manufacturing unit in Canada, the company announced on 3 June 2022. The company said it also plans to discontinue the production of the current L-series vehicles, which i...
    13-Jun-2022 News Investments
    US EV maker Electric Last Mile Solutions files for bankruptcy
    Commercial electric vehicle (EV) manufacturer Electric Last Mile Solutions, Inc. (ELMS) has announced that it plans to file for Chapter 7 bankruptcy, according to a press release published by the company on 12 June. Under Ms. McIntyre's guidance, the ELMS Board of Directors and the new leadership...
    Brose to invest USD20.6 million to expand operations in Mexico
    Brose will invest MXN404 million (USD20.6 million) investment to expand its operations in Queretaro, Mexico, which will create 110 highly specialized jobs, according to a report published by Mexico Business News on 1 June 2022. This is the first investment announcement made by Governor ...
    10-Jun-2022 News Investments
    European Parliament supports ban on sale of ICE cars and vans by 2035
    The European Parliament announced on 9 June 2022 that the members have voted in favour of European Commission’s revised proposal on the carbon dioxide (CO2) emission standards for new passenger cars and light commercial vehicles. In a plenary vote, the members of European Parliament (MEPs) ad...
    Volkswagen to launch first electric car in India in 2023
    German carmaker Volkswagen plans to launch its first electric car, the ID.4 sport utility vehicle (SUV) in India in 2023 as the country continues to push for faster adoption of EVs, a report published by Bloomberg on 10 June said, citing a senior company executive. The company plans to launch i...
    10-Jun-2022 News New Products
    Volkswagen opens Battery Engineering Lab in Chattanooga, US
    German carmaker Volkswagen’s US arm, Volkswagen of America has opened its Battery Engineering Lab (BEL) in Chattanooga, to test and optimize EV batteries for the US market, the company announced on 8 June 2022. The company said it has invested USD22 million in setting up the battery engineering la...
    09-Jun-2022 News Investments
    Hyundai plans to discontinue production of first generation Ioniq cars in South Korea
    Hyundai Motor Company said on 3 June 2022 that it plans to discontinue the production of original or the first generation Ioniq cars at its Ulsan plant in South Korea from July 2022. The last Ioniq to roll off the production line next month will mark the end of a significant chapter in Hyundai’s r...
    AMTE Power signs MoU with Viritech to develop hydrogen FCEVs
    Lithium and sodium ion battery cell technology company AMTE Power Plc has signed a memorandum of understanding (MoU) with advanced powertrain developer Viritech Ltd to support the development of hydrogen fuel cell electric vehicles (FCEVs), AMTE Power announced on 7 June 2022. The company said th...
    LG Innotek plans to invest USD80 million in Mexico
    LG Innotek has announced that it plans to expand its operations in San Juan del Ro, Queretaro, Mexico, offering a new source of employment, according to a report published by Cluster Industrial on 30 May 2022. LG's Director, Mauricio Sanchez, indicated that the investment for this year will be US...
    08-Jun-2022 News Investments
    Symbio, Schaeffler establish an equal JV to produce fuel cell bipolar plates
    Symbio, a Faurecia and Michelin joint venture (JV) company, and Schaeffler have signed an agreement for establishing an equal JV company to produce fuel cell bipolar plates (BPP) for global mobility and energy solutions, Schaeffler announced on 7 June 2022. The new JV company, which will be located ...
    Schaeffler to invest over USD85 million to set up a central laboratory in Germany
    German automotive component supplier Schaeffler AG plans to invest EUR 80 million (over USD85 million) to set up a state-of-the-art central laboratory at its Herzogenaurach campus in Germany, the company announced on 2 June 2022. It said that it has laid the foundation stone for its cross-divisional...
    08-Jun-2022 News Investments
    Jaguar Land Rover plans to assemble electric cars in Slovakia
    Tata Motors owned British luxury carmaker Jaguar Land Rover (JLR) is in talks with battery makers such as Northvolt and SVOLT Energy Technology to supply batteries for a range of electric cars that the carmaker may build in Slovakia, a report published by Automotive News Europe on 27 May 2022 said, ...
    Tata Motors eyes 20% of overall passenger vehicle sales from EVs in 4-5 years
    Indian automaker Tata Motors Ltd plans to have electric vehicles (EVs) contribute 20% of its overall passenger vehicle sales over the next 4–5 years, according to a report published by ET Auto on 4 June 2022. It said that the company, which has already recorded cumulative sales of over 25,000 EVs,...
    07-Jun-2022 News New Products
    Buick plans all-electric portfolio by 2030, first electric car to launch in 2024
    General Motors (GM)–owned Buick announced on 1 June 2022 that the brand plans to become fully electric in North America by the end of 2030 and that this transformation will be led by a new badge and brand identity. Buick’s electrification plans are aligned with its parent company GM, which has l...
    06-Jun-2022 News New Products
    AutoTechInsight Weekly – 06 June 2022
    Click the link above to download this week's issue
    BMW lays foundation stone for a new EV manufacturing plant in Hungary
    German luxury carmaker BMW has laid the foundation stone for its new electric vehicle (EV) manufacturing plant in Debrecen, Hungary, it announced on 1 June 2022. BMW said that the company is planning to invest EUR1 billion (USD1.07 billion) in setting up the EV plant, which is slated to produce the ...
    03-Jun-2022 News Investments
    Ford plans to invest USD3.7 billion across Michigan, Ohio and Missouri plants
    The maker of all-electric F-150 Lightning pick-up trucks Ford Motor Company has announced that it plans to invest USD3.7 billion on its manufacturing facilities located in Michigan, Ohio and Missouri in the US as part of its strategy to increase production capacity for electric vehicles (EVs) and de...
    03-Jun-2022 News Investments
    Vitesco Technologies report Q1 2022 revenues at USD2.4 billion, down 1.9% y/y
    Vitesco Technologies’ first quarter of 2022 revenues stood at EUR2.26 billion (USD2.41 billion), down 1.9% y/y, the company said reporting its financial results on 13 May 2022. Vitesco’s sales for the March quarter in the last year stood at EUR2.3 billion (USD2.46 billion). The company said...
    Mercedes-Benz lays foundation for advanced battery R&D center at Stuttgart plant
    German luxury carmaker Mercedes-Benz announced on 31 May 2022 that it has laid the symbolic foundation for a new center of competence for the EV battery cell research and development (R&D) at its main plant in Stuttgart-Untertürkheim. The planned new battery R&D facility, which will focus o...
    02-Jun-2022 News Investments
    BorgWarner bags order to supply SiC inverters to two performance car brands
    Michigan based supplier of powertrain and electric mobility solutions BorgWarner has bagged orders from two performance car brands to supply new 800V silicon carbide (SiC) inverter, the company announced on 31 May 2022. The company said that the new SiC inverter is designed using BorgWarner’s p...
    02-Jun-2022 News New Products
    Fiat to sell only electrified cars in the UK from July 2022
    Italian carmaker Fiat announced on 30 May 2022 that it plans to sell only electrified vehicles in the UK from 1 July 2022, removing all the non-electrified vehicles from sale in the country. The company said that its entire range for the UK will be in electrified form, ranging from hybrids to fully ...
    01-Jun-2022 News New Products
    Vitesco Technologies bags major order for battery management system for USD1.8 billion
    Global automotive supplier of electric mobility and powertrain components Vitesco Technologies has bagged a major order worth EUR1.7 billion (USD1.8 billion) to supply its battery management system (BMS) to a global customer, the company said on 13 May 2022. It said that the BMS system is designed f...
    Infineon, Vitesco Technologies partner on SiC semiconductor components
    Vitesco Technologies, a drive technologies and electrification solutions supplier, has signed a cooperation agreement with Infineon Technologies to expand and develop silicon carbide (SiC)-based power electronics, according to a press release by Vitesco Technologies on 31 May 2022. SiC is im...
    Tata Motors acquires Ford’s Sanand factory in Gujarat, India to expand production
    Indian automaker Tata Motors’ subsidiary Tata Passenger Electric Mobility Ltd (TPEML) has signed a tripartite memorandum of understanding (MoU) with Ford India Pvt Ltd (FIPL) and the Government of Gujarat for acquiring the latter’s passenger vehicle manufacturing plant in Sanand, Gujarat, news p...
    Mahindra earmarks capex of USD1.5 billion for automotive business, EVs
    Indian automaker Mahindra and Mahindra Ltd (M&M) plans to incur a capital expenditure of INR154 billion (close to USD2 billion) in its farm equipment, automotive, and electric vehicle businesses during 2022–24 period, news publication Business Standard reported on 31 May 2022. The report furth...
    Stellantis to manufacture large vans for Toyota in Italy, Poland factories
    Expanding their existing partnership in Europe, Stellantis N.V. and Toyota Motor Europe N.V. announced on 30 May 2022 that the Italian-American carmaker will manufacture large commercial vans including a battery electric version for the Japanese automaker. While these vans will be produced by Stella...
    31-May-2022 News New Products
    AutoTechInsight Weekly – 30 May 2022
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    Nissan to launch mass market electric car Sakura with 20-kWh Li-ion battery
    Japanese carmaker Nissan’s all-new mass market electric car Sakura will be equipped with 20-kWh lithium-ion (Li-ion) battery and the electric vehicle (EV) can deliver a WLTC driving range of up to 180 kms, the company said on 20 May 2022, disclosing product details. “The Sakura is e...
    27-May-2022 News New Products
    Volkswagen begins production of all-electric ID.4 at Emden factory in Germany
    Volkswagen (VW) has started producing the all-electric ID.4 electric vehicle (EV) at its Emden-based manufacturing unit in Germany, the company said on 20 May 2022. The Emden site now becomes VW’s second factory to produce EVs in Germany following the Zwickau plant. Notably, VW’s Emden fact...
    27-May-2022 News New Products
    Germany allocates over USD310 million to support hydrogen-based mobility solutions
    The German Ministry of Digital Affairs and Transport, BMDV, plans to invest up to EUR290 million (USD310 million) to set up an Innovation and Technology Center for Hydrogen (ITZ), which will support the companies developing hydrogen-based mobility solutions, the ministry announced on 25 May 202...
    AVL joins HZwo innovation cluster to accelerate green mobility technologies
    Germany-based automotive simulation testing developer AVL has announced that it has joined the innovation cluster HZwo for fuel cells and hydrogen in Saxony, Germany, to jointly shape the technological future for green and sustainable mobility, according to a press release on 24 May 2022. Hydroge...
    Shinhwa invests USD78 million in new Auburn aluminum part manufacturing facility
    The Office of the Governor of Alabama announced via press release on 17 May that South Korean automotive parts manufacturing company Shinhwa will be investing USD78 million to build a new parts manufacturing facility in Auburn, Alabama. According to the press release, the new facility will Shinhw...
    25-May-2022 News Investments
    Nidec Corporation to build e-axle factory in Zhejiang province, China
    Japanese electric motor manufacturer Nidec Corporation plans to build a flagship factory to produce its traction motor system, e-axle, in the city of Pinghu, Zhejiang Province in China, the company said on 23 May 2022. Nidec Corporation had organized an agreement signing ceremony with the regiona...
    Lancia reveals 10-year electrification roadmap, plans to launch only EVs from 2026
    Italian carmaker and a subsidiary of Stellantis, Lancia has revealed its 10-year electrification roadmap, which entails the brand to launch only electric cars from 2026, followed by selling only 100% electric models from 2028, the company announced on 20 May 2022. Lancia said that the brand’s d...
    24-May-2022 News New Products
    BMW to open Cell Manufacturing Competence Center near Munich later in 2022
    The BMW Group plans to open its Cell Manufacturing Competence Center (CMCC) in Parsdorf, outside of Munich later this year, the company announced on 23 May 2022. “With the emission control approval procedure now completed, the necessary conditions are in place for commissioning of near-standard pr...
    24-May-2022 News Investments
    Hyundai Motor Group earmarks investment of over USD10 billion by 2025 in the US
    Hyundai Motor Group (HMG) announced on 23 May 2022 that the company is increasing its investment to more than USD10 billion in the US by 2025 with an aim to become a leading player in sustainable and smart mobility solutions. The announcement comes soon after Hyundai signed an agreement with the ...
    24-May-2022 News Investments
    Nissan, Mitsubishi unveil jointly developed mass market electric car in Japan
    Nissan Motor Company Ltd., Mitsubishi Motors Corporation, and NMKV Company. Ltd. held the assembly line roll off ceremony for the new mini electric vehicle jointly developed by the two automakers in Japan, the company said on 20 May 2022. The ceremony took place at the Mitsubishi Motors’ Mizushima...
    23-May-2022 News New Products
    Mercedes-Benz’s all-electric concept Vision AMG breaks cover
    German luxury carmaker Mercedes-Benz has unveiled its pure-electric performance car concept, the Vision AMG on 19 May 2022. The concept EV, which offers a glimpse of the all-electric future of AMG performance cars, is developed on a dedicated AMG.EA platform, the company said, adding that the platfo...
    23-May-2022 News New Products
    Hyundai to invest USD5.54 billion in setting up EV, battery plants in the US
    South Korean carmaker Hyundai Motor Group has signed an agreement with the State of Georgia, US, to build its first dedicated electric vehicle (EV) and battery manufacturing facilities, the company announced on 20 May 2022. Hyundai said that the new EV plant and battery manufacturing facilities...
    23-May-2022 News Investments
    Hyundai, partner Motional to launch Ioniq 5-based robo-taxi services in the US in 2023
    Hyundai Motor Company announced on 11 May 2022 that the South Korean carmaker will work in partnership with Motional, a leading player in self-driving vehicle technology, to deploy the Level 4 autonomous vehicles across major US cities starting in 2023. The carmaker has also launched a global m...
    23-May-2022 News New Products
    ATC Drivetrain acquires Michigan-based Global Battery Solutions
    Michigan-based ATC Drivetrain, which is a leading independent global remanufacturer of automotive powertrain and drivetrain systems, has acquired Global Battery Solutions (GBS), a supplier of battery life-cycle management and EV component services, the company said on 18 May 2022. Global Battery ...
    AutoTechInsight Weekly – 23 May 2022
    Click the link above to download this week's issue
    Volkswagen signs agreement with Mahindra to share MEB electric components
    Indian vehicle manufacturer Mahindra & Mahindra Ltd. (M&M) has signed an agreement with Volkswagen (VW) Group to explore the use of the German carmaker’s modular electric drive matrix (MEB) electric components for building electric vehicles (EVs), the two companies said in a joint announce...
    20-May-2022 News New Products
    Kia to build dedicated factory for electric purpose-built vehicles in South Korea
    South Korean carmaker Kia Corporation plans to set up an all-new, high-tech smart manufacturing plant for producing electric purpose-built vehicles (PBVs), the company said on 18 May 2022. The new production hub for PBVs will be located within Kia’s existing Hwaseong manufacturing site in South Ko...
    20-May-2022 News New Products
    ElringKlinger signs agreement with Piëch Automotive to develop battery system for Piëch GT
    Zurich-based sports car startup Piëch Automotive AG has signed a cooperation agreement with ElringKlinger, German supplier of electric mobility, thermal and lightweight components, to develop and produce the battery system for the carmaker’s upcoming electric sports car Piëch GT, it said on 10 M...
    19-May-2022 News New Products
    Honda previews Prologue SUV, its first EV built on General Motor’s Ultium platform
    Japanese carmaker Honda has previewed its upcoming pure electric sport utility vehicle (SUV) Prologue on its website on 18 May 2022. The 2024 Honda Prologue electric SUV is developed in partnership with General Motor, using latter’s Ultium powertrain and battery architecture. Notably, the same Ult...
    19-May-2022 News New Products
    Lucid Motors reveals new details on its planned Saudi Arabia factory
    Arizona-based electric vehicle (EV) maker Lucid Motors held a ceremonial signing event in Riyadah with the Ministry of Investment of Saudi Arabia (MISA), the Saudi Industrial Development Fund (SIDF), Emaar, The Economic City, at King Abdullah Economic City (KAEC) and Gulf International Bank (GIB) to...
    19-May-2022 News Investments
    Sona Comstar partners with C-Motive to develop electrostatic drive motors for EV applications  
    Sona Comstar has partnered with C-Motive Technologies to develop electrostatic drive motors for electric vehicle (EV) applications, the Indian automotive component supplier said in a press release on 5 May. Serial production is expected to begin in 2026. Sona Comstar will also participate in CMotive...
    Volkswagen plans to build all-electric pickup trucks, SUVs in the US from 2026
    German vehicle manufacturer Volkswagen Group plans to build all-electric pick-up trucks and rugged sports utility vehicles (SUVs) in the United States, the company said on 11 May 2022, adding that the decision of the Board of Management was confirmed by the Supervisory Board of the Volkswagen Group....
    17-May-2022 News New Products
    AutoTechInsight Weekly – 16 May 2022
    Click the link above to download this week's issue
    European Parliament votes to ban combustion engine-powered cars, vans from 2035
    The European Parliament’s Committee on the Environment, Public Health and Food Safety (ENVI) has voted in favor of the European Commission’s proposed ban on the sale of new internal combustion engine (ICE)-powered cars and vans from 2035 in Europe, according to a press announcement made by the E...
    Kongsberg Automotive reports Q1 2022 revenue at USD228.3 million, up 0.6% y/y
    Kongsberg Automotive has reported first-quarter revenues at EUR218.8 million (USD228.3 million) with a year-on-year (y/y) increase of 0.6% compared to EUR217.5 million in the first quarter of 2021 for the three months ended 31 March 2022, according to a filing by the company on 13 May 2022. Operatin...
    Rivian reaffirms annual production forecast despite supply chain constraints
    EV maker Rivian Automotive Inc has reaffirmed its annual production forecast of 25,000 units despite the ongoing challenges including the supply shortage of critical raw materials surging material costs, according to a report filed by Reuters on 11 May 2022. The maker of R1T all-electric pickup truc...
    Nidec plans to establish a semiconductor solutions center in Japan
    Nidec Corporation has announced that it will establish a semiconductor solutions center in Kanagawa, Japan, according to a press release on 11 May 2022. The semiconductor solutions center is proposed to be located inside Nidec’s research and development center in Japan. The new center aims to b...
    Subaru to build EV manufacturing plant in Japan
    Japanese vehicle manufacturer Subaru Corporation plans to build a dedicated electric vehicle (EV) factory in Japan later during the ongoing decade, according to a Reuters report published on 12 May 2022. It said that the carmaker’s plan to set up its first EV manufacturing unit is part of its USD1...
    Stellantis appoints Maxime Picat as head of purchasing and supply chain
    Stellantis has appointed Maxime Picat as its new Chief Purchasing and Supply Chain Officer, it said in a press release on 11 May. Maxime Picat’s appointment comes at a vital time when the automotive industry is going through a rapid transformation. His analytical skills and trusted relations with ...
    Suppliers to the 2022 Honda Civic
      The 2022 Honda Civic Hatch is assembled at the Greensburg Assembly plant in United States .Production of the vehcile will peak at more than 93,700  units in 2023. 
    Toyota to invest around USD625 million to produce EV powertrain components in India’s Karnataka state
    Toyota is set to invest around INR4,800 crore (USD625 million) in Karnataka, India to produce powertrain parts and other components for electric vehicles (EVs), the Economic Times reported on 7 May. The company will also work on innovation in electrification and greener technologies. Toyota Group...
    11-May-2022 News Investments
    Illinois Tool Works (ITW) Q1 2022 revenue up 11.01% y/y to USD3.93 billion
    Illinois Tool Works (ITW) has reported first quarter revenue at USD3.93 million with a year-on-year (y/y) increase of 11.01% compared to USD3.54 billion in the first quarter of 2021 for the three months ended 31 March 2022, according to a filing by the company on 3 May. Operating income was reported...
    Danlaw, PikeTec partner for software validation platform for autonomous, connected, electric, and shared mobility
    Danlaw has partnered with PikeTec to deliver TPT, a software validation platform for autonomous driving, connected vehicles, powertrain electrification, and shared mobility, it said in a 9 May press release. The TPT platform defines and executes tests swiftly. “We are glad to have found in Danl...
    Cooper-Standard reports Q1 2022 net sales at USD613 million, down 8.4% y/y
    Cooper-Standard has reported first-quarter net sales at USD613 million with a year-on-year (y/y) decrease of 8.4% compared to USD669 million in the first quarter of 2021 for the three months ended on 31 March 2022, according to a filing by the company on 5 May 2022. The Company said that it is ac...
    AutoTechInsight Weekly – 9 May 2022
      Click the link above to download this week's issue
    Rheinmetall posts marginal y/y fall in Q1 net sales to USD1.34 billion
    Rheinmetall has posted a 0.1% year-on-year (y/y) decline in first quarter sales at EUR1.27 billion (USD1.34 billion), the company said in a press release on 6 May. Operating result came in at EUR92 million compared with EUR84 million last year. Operating margin rose to 7.3% from 6.7%. “Rheinmet...
    Bosch forays into USD14.8 billion hydrogen electrolysis market
    German conglomerate Bosch plans to enter the components business for hydrogen electrolysis and has line up investments to the tune of EUR500 million (USD528 million) in this new area of business by end 2030, the company said on 4 May 2022. It added that half of the earmarked investments would be mad...
    06-May-2022 News Investments
    ElringKlinger posts Q1 2022 revenue at USD459.33 million, up 2.5% y/y
    German automotive components supplier ElringKlinger AG has reported its first quarter of FY 2022 revenue at EUR434.6 million (USD459.33 million), recording a 2.5% y/y growth despite several global challenges such as semiconductor bottlenecks and supply chain volatility amid the Russia–Ukraine...
    Dana reports Q1 2022 sales at USD2.48 billion, up 10% y/y
    Global supplier of powertrain components and electric drives Dana Incorporated has reported first quarter 2022 sales of USD2.48 billion, compared with USD2.26 billion in first quarter 2021, recording a year-on-year (y/y) growth of 10%, the company said on 27 April 2022. Dana said that the ...
    BorgWarner bags first OEM contract to supply flexible battery management system technology
    Michigan based supplier of powertrain components and electric mobility solutions BorgWarner said on 4 May 2022 that the company has bagged its first OEM contract to supply its flexible battery management system (BMS). While the company did not disclose the name of the customer, it said that its BMS ...
    06-May-2022 News New Products
    Garrett Motion posts 9.6% y/y drop in Q1 revenue at USD901 million
    Garrett Motion reported a 9.6% year-on-year (y/y) fall in first-quarter revenue at USD901 million, according to a company press release on 28 April. Net income for the period was USD88 million compared with a loss of USD105 million a year earlier. “In Q1 of 2022, we maintained a strong mar...
    Schaeffler opens new tool technology center in Germany
    Global component supplier to automotive and industrial sectors Schaeffler AG has opened a state-of-the-art ‘Tool Technology Center’ at its facility in Höchstadt an der Aisch in Germany, the company said on 3 May 2022. The company said it plans to manufacture precision tools for its global produ...
    BorgWarner bags contract to supply eMotors to a Chinese EV maker
    Global automotive supplier of powertrain components and electric mobility solutions BorgWarner has bagged a contract to supply high-voltage hairpin (HVH) eMotors to a leading electric vehicle company in China, the company said on 4 May 2022. The BorgWarner-made eMotors will be used in the electric v...
    05-May-2022 News New Products
    BorgWarner reports Q1 2022 net sales at USD3.87 billion, down 3% y/y
    Michigan-based global supplier BorgWarner has reported first quarter 2022 net sales of USD3.87 billion, down 3% y/y on the overall decline in the automotive industry production volumes and weaker foreign currencies, the company said on 4 May 2022. BorgWarner’s first quarter 2021 net sales stood at...
    NGen Canada announces new projects to support zero-emission vehicle manufacturing ecosystem
    Next Generation Manufacturing Canada (NGen Canada), an industry-led community working to set up advanced manufacturing practices, has announced a series of new innovation projects to support the zero-emission vehicle (ZEV) manufacturing ecosystem in Canada, it said on 3 May 2022. The industry c...
    EV maker Rivian to receive USD1.5 billion in incentives from Georgia, US
    Electric vehicle (EV) maker Rivian will receive USD1.5 billion in incentives from the state of Georgia, United States, to build its planned USD5.0 billion EV production plant in the region, said a report filed by news agency Associated Press on 3 May 2022. The news agency has cited officia...
    Dagmar Steinert to join as Group CFO at Rheinmetall from January 2023
    Rheinmetall has announced that Dagmar Steinert will succeed Helmut P. Merch as the chief financial officer (CFO) of Rheinmetall from 1 January 2023, a company press release dated 3 May read. Steinert is currently a board member of Fuchs Petrolub, responsible for commercial and legal operations. ...
    Ford recalls over 250,000 units of Explorer SUVs in US over driveshaft issue
    Ford Motor Co. has announced a recall for more than 250,000 Explorer sport utility vehicles (SUVs), citing a faulty driveshaft that when parked into shift can roll away unexpectedly, The Associated Press reported on 29 April. The roll away is caused by the rear axle horizontal mounting bolt that may...
    04-May-2022 News Recalls
    Stellantis to invest USD2.8 billion in Canada under its long-term electrification strategy
    Italian-American carmaker Stellantis plans to invest CAD3.6 billion (USD2.8 billion) on its Windsor- and Brampton-based vehicle assembly plants along with expanding its Automotive Research and Development Centre (ARDC) in Canada as part of its long-term electrification strategy, the company announce...
    04-May-2022 News Investments
    BMW reveals iFactory production strategy to support transformation to electric mobility
    On 29 April 2022, German luxury carmaker BMW unveiled its iFactory production strategy, which is aimed at defining the future orientation of plants and production technologies at group level as the company transforms to mass produce electric vehicles (EVs) and cut down emissions across its supply ch...
    Magna begins production of mild hybrid transmission systems for BMW Group
    Canadian automotive supplier Magna International has started the production of its mild hybrid transmission systems for BMW Group, the company announced on 2 May 2022. The company said that its all-new 7-speed, mild hybrid dual-clutch transmission will be the latest to be featured exclusively on BMW...
    03-May-2022 News New Products
    Vitesco bags USD2.1-billion contract from Hyundai to supply axle drive EMR4
    German supplier of powertrain components and electric mobility solutions Vitesco Technologies has secured a EUR2-billion (USD2.1 billion) contract from Hyundai Motor Group to supply its new-generation axle drive EMR4 (electronics motor reducer), the company announced on 2 May 2022. The company said ...
    03-May-2022 News New Products
    Tata Motors unveils pure electric car concept – AVINYA
    Indian automaker Tata Motors’ EV arm Tata Passenger Electric Mobility (TPEM) unveiled an all-new electric vehicle (EV) concept named AVINYA on 29 April 2022. The company said that the concept is its vision of a pure electric vehicle based on its GEN 3 architecture. The name is derived from the San...
    02-May-2022 News New Products
    Stellantis signs USD200 million deal with Serbia to produce electric cars
    Vehicle manufacturer Stellantis plans to produce new electric cars at its plant in Kragujevac, Serbia, according to a report filed by Automotive News Europe on 28 April 2022. The report further said that the announcement from Stellantis came after the company’s CEO Carlos Tavares and Serbia Presid...
    02-May-2022 News Investments
    Volkswagen Group Components to make Kassel factory hub for electric drivetrains
    Volkswagen Group Components plans to transform its facility in Kassel, Germany to become a global hub for research, development and production of electric drivetrains, the company said in an official statement on 29 April 2022. The company said that the Kassel plant will accelerate the transforma...
    02-May-2022 News Investments
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