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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
    Sunnova Energy partners with ChargePoint to offer customers EV charging solutions in US
    Sunnova Energy International Inc, a US-based residential solar and storage service provider, has partnered with electric vehicle (EV) charging network ChargePoint to offer its customers EV charging solutions, according to a press release on 26 October.  Significance: Sunnova Energy prov...
    Startup Morrow Batteries signs MoU with POSCO Chemical to secure supply of battery materials
    Oslo-based electric vehicle (EV) battery startup Morrow Batteries has signed a Memorandum of Understanding (MoU) with chemical and energy materials company POSCO Chemical to jointly develop tailored, high-end electrode materials suited for applications in Morrow lithium-ion (Li-ion) cells, including...
    CATL invests in battery recycling project to secure material supply
    Chinese EV battery maker Contemporary Amperex Technology Co. Ltd. or CATL’s subsidiary Guangdong Brunp Recycling Technology Co., Ltd. and its arm Ningbo Brunp Contemporary Amperex Co., Ltd. (Brunp Contemporary) have signed cooperation agreements with the Yichang municipal government, the Yichang h...
    28-Oct-2021 News Investments
    Dana records sales of USD2.2 billion in Q3 2021, up over 10% y/y
    US-based automotive component supplier Dana Inc has recorded third quarter sales 2021 (July–September) at USD2.20 billion against USD1.99 billion in the same period of 2020, up 10.55% y/y, the company said in a press release on 26 October. Dana said that its third quarter sales grew by USD...
    Envision AESC plans to raise the EV battery production capacity to 38 GWh in Sunderland, UK
    Nissan’s battery partner Envision AESC’s upcoming Gigafactory in the Sunderland region, UK, will have an annual capacity of 11 GWh when it opens in 2024 as against 9 GWh as announced earlier, news publication electrive.com reported on 25 October. The Gigafactory’s annual production capacity wi...
    Panasonic unveils high-capacity 4680-type cylindrical battery cell prototype
    Japanese electronics company Panasonic unveiled a prototype of its all-new 4680-type high-capacity cylindrical lithium-ion (Li-ion) battery at a media roundtable, a Reuters report said on 25 October. In 4680-type cylindrical cell, the diameter measures 46mm and the height is 80mm. The report quot...
    26-Oct-2021 News New Products
    German government extends funding of private EV charging stations
    Germany’s Federal Ministry of Transport and Digital Infrastructure (BMVI) has extended the funding for private charging stations for electric cars in residential buildings by a further EUR300 million (USD349 million), according to a Green Car Congress report filed on 25 October. “A total of 8...
    BASF, SVOLT partner to develop advance EV battery materials, recycling solutions
    German chemical company BASF and Chinese EV battery maker SVOLT have entered into an agreement to develop cathode active materials (CAM), raw materials supply and battery recycling for SVOLT’s battery cells, the company said in a press release on 25 October. “The cooperation will also enhance...
    Panasonic to supply batteries for Canoo’ lifestyle vehicle
    Canoo and Panasonic partner for lifestyle vehicles batteries, it said in a press release on 25 October. The battery will power Canoo’ multipurpose platform vehicle that is designed to suite future mobility needs.    “Our team is very focused on continuous optimization and creating I...
    ElevenEs plans to build a 16-GWh EV battery factory in Serbia
    ElevenEs, an industrial spin-off of the multinational Al Pack Group, a 25-year-old company that specializes in aluminum processing, plans to set up a 16-GWh EV battery production unit in Serbia, the company said in a press release on 21 October. “By 2023, the ElevenEs plant will be able to prod...
    Electrify America and Polestar Cars agree to provide charging sessions to Polestar 2 owners
    Electrify America and Polestar Cars have agreed to provide the owners of the all-electric Polestar 2 fastback with no-cost 30-minute charging sessions, the Volkswagen-backed electric vehicle (EV) charging network provider said in an announcement on 21 October. According to the company, the new an...
    Daimler opens a new USD172 million R&D Tech Center in Beijing, China
    German vehicle manufacturer Daimler AG announced on 20 October that it has opened a new research and development (R&D) Tech Center in Beijing, China with an investment of CNY1.1 billion (USD172 million). The all-new R&D Tech Center China is set up in an attempt to further strengthen its (R&a...
    25-Oct-2021 News Investments
    BMW begins production of i4 EV at its Munich plant
    German luxury carmaker BMW announced on 22 October that it has commenced series production of all-electric, four-door coupe i4 at its Munich plant. Commenting on the sidelines of the first series production BMW i4 being rolled off the assembly lines at the company’s home plant, Milan Nedeljković,...
    25-Oct-2021 News New Products
    AutoTechInsight Weekly – 25 October 2021
      Click the link above to download this week's issue
    West Midlands Gigafactory to set up 60-GWh production unit in Coventry, UK
    West Midlands Gigafactory, a public private joint venture (JV) between Coventry City Council and Coventry Airport Ltd, plans to build an EV battery plant with an annual production capacity of 60GWh in Coventry, UK, the company said in a press release on 20 October. According to the company, it pl...
    25-Oct-2021 News Investments
    U Power ties up with Bosch to collaborate on Super Board technology
    According to a press release published on PR Newswire on 23 October, U Power, a Chinese Smart EV technology startup, has recently entered into a strategic agreement with the German multinational engineering and technology company Bosch, under which the two companies will collaborate on intelligent v...
    Hopium and Saint-Gobain form joint venture to develop windows for hydrogen-powered Machina
    Hopium and Saint-Gobain have signed a partnership agreement to co-develop windows for the hydrogen-powered Machina sedan, Hopium said in a press release on 21 October. “We are proud to be able to collaborate with a major player in the French industrial heritage, within the framework of the de...
    Stellantis and Samsung SDI to form lithium-ion battery production JV in North America
    Stellantis and Samsung SDI have signed a memorandum of understanding (MOU) to form a joint venture (JV) for production of battery cells and modules for North America, the former said in a press release on 22 October. The new plant, which is expected to start operations in 2025, will have an initial ...
    22-Oct-2021 News Investments
    Polestar 2 rolls out major OTA update
    Polestar has begun rolling out major updates over-the-air (OTA) incrementally in all markets to improve driving and user experiences in the Polestar 2, it said in a press release on 19 October. The new P1.7 update includes an in-car Range Assistant app that offers information on improving efficiency...
    22-Oct-2021 News New Products
    Chile to ban sale of ICE-powered vehicles by 2035
    Chile plans to ban the sale of most internal combustion vehicles in favor of battery electric vehicles (BEVs) starting from 2035, according to a report filed by news publication electrive.com on 18 October. The report said that Chile’s new electric transport strategy entails that all light and ...
    EV battery startup StoreDOT to open R&D innovation hub in California, US
    StoreDot will open a new innovation hub in California, United States, accelerate development and mass production of solid-state extreme energy density (XED) battery technologies, it said in a press release on 20 October. Dr Doron Myersdorf, StoreDot CEO “This new US R&D innovation hub signa...
    21-Oct-2021 News New Products
    Geely commences production of ZEEKR 001 EV in China
    Geely-owned premium electric car brand ZEEKR has commenced the production of its ZEEKR 001 at its Ningbo-based factory in China. “The first production-ready ZEEKR 001 rolled off the production line earlier today at a special ceremony in ZEEKR’s Intelligent Factory in Ningbo, China,” the compan...
    21-Oct-2021 News New Products
    BASF, KIT team up to evaluate opportunities of multilayered anodes for Li-ion batteries
    Producer of chemicals and lightweight materials BASF and Karlsruhe Institute of Technology (KIT) have teamed up to investigate the formulation boundary conditions in multilayer battery coatings within a research project supported by public cofunding, the company said in a press release on 19 October...
    Stellantis, TheF Charging partner to set up new public EV charging network in Europe
    Amsterdam-based auto major Stellantis and Italy’s TheF Charging have signed a partnership agreement to create a European public charging network accessible to all electric vehicles, with exclusive benefits for the Stellantis customers, the company said on 19 October. The two companies will work...
    Umicore signs long-term lithium supply contracts with Ganfeng and Vulcan
    Brussels-based materials technology company Umicore has signed long-term lithium supply agreements with Ganfeng Lithium Co., Ltd. and Vulcan Energy Resources, it said in a press release on 15 October. Both contracts have an initial duration of five years and can be extended upon mutual agreement, it...
    Battery startup Our Next Energy raises USD25 million in series-A funding round
    Michigan-based battery startup Our Next Energy Inc. (ONE) announced on 18 October that it has closed a USD25 million series-A funding round led by Breakthrough Energy Ventures. The fundraise was also joined by other prominent investors, including BMW i Ventures, Assembly Ventures, Flex, and Volta En...
    Ford begins manufacturing Mustang Mach-E in China
    Ford Motor Company said that it has started manufacturing the Mustang Mach-E in China. The locally produced electric sport utility vehicle (SUV) officially rolled off the assembly line at Changan Ford’s manufacturing plant in Chongqing, the company announced on 18 October. Mustang Mach-E will b...
    20-Oct-2021 News New Products
    California Air Resources Board unveils study on economic analysis of light-duty hydrogen fueling station
    The California Air Resources Board (CARB) completed the study of light-duty hydrogen fueling station economics, in accordance with the text of Assembly Bill 8 (Perea, Chapter 401, Statutes of 2013), it said in report. Assembly Bill 8 asks CARB and the California Energy Commission to analyze hydrogen...
    FoxConn debuts Model E with smart surfaces featuring interactive communication
    Hon Hai Technology Group (Foxconn) debuted three autonomously developed EVs namely the Model C recreational vehicle, the Model E sedan and the Model T electric bus, it said in a press release on 18 October. The Model E, luxury flagship sedan looks to cater to high end consumer clientele through its ...
    20-Oct-2021 News New Products
    Volvo introduces new Range Assistant app via OTA update
    Volvo has unveiled a new Range Assistant app for its XC40 Recharge electric vehicle (EV) customers, the carmaker said in a press release on 19 October. The new Range Assistant in-car app has been released in a beta version as part of the latest over-the-air (OTA) software update for cars with an inf...
    20-Oct-2021 News New Products
    Volta obtains two utility patents for EV charging station innovations
    In commerce-centric EV charging network, Volta filed issuance of two utility patents to Volta Charging by the US Patent and Trademark Office; U.S. Patent numbers 11,117,482 (the ‘482), and 11,132,715 (the ‘715), it said in a press release on 29 September. The company is focusing on advertis...
    20-Oct-2021 News New Products
    Solvay to develop next-gen solid-state battery electrolytes using EU funding
    Belgian chemical company Solvay announced via press release on 19th October that it had started developing the next generation of solid-state electrolytes for electric vehicle (EV) batteries using funding provided by the EU Important Projects of Common European Interest (IPCEI) programme. Accordi...
    Toyota to invest USD3.4 billion in localizing EV battery production in the U.S. through 2030
    Toyota announced on 18 October that it plans to invest about USD3.4 billion in developing and manufacturing automotive batteries in the U.S. through 2030. The company said that proposed investments on battery production in the U.S. is part of its larger strategy wherein it has earmarked about USD13....
    19-Oct-2021 News Investments
    Stellantis, LG Energy to form JV to produce battery cells for North America
    Amsterdam-based automotive major Stellantis N.V. and South Korean EV battery supplier LG Energy Solution have entered a memorandum of understanding (MoU) to form a joint venture aimed at manufacturing battery cells and modules for the North American market, the two companies announced on 18 October....
    Taiwan’s Foxconn unveils three electric vehicle concepts at its technology day
    Taiwan’s Foxconn, formerly known as Hon Hai Technology Group, unveiled three indigenously developed electric vehicle concepts – Model C, which is an electric SUV; Model E – an electric sedan and Model T – an electric bus at its technology day on 18 October. According to the industry experts,...
    19-Oct-2021 News New Products
    Ford Motor to invest around USD316 million to produce EV parts at UK plant
    Ford Motor Company plans to invest USD316 million to produce EV components at its Halewood factory in northern England, Reuters reported on 18 October, citing a company announcement. It said that the Ford factory will be retooled to start manufacturing around 2,50,000 power units a year from mid-...
    19-Oct-2021 News Investments
    DESTEN unveils ultra-fast EV charger for Indonesian market
    DESTEN has unveiled an ultra-fast charger powered by a 900kW pack that can charge a DESTEN battery-powered car to achieve 500 km of range in less than 5 minutes, it said in a press release on 4 October. The company plans to showcase this through a global roadshow starting in Asia, then The Middle Ea...
    19-Oct-2021 News New Products
    Johnson Matthey’s eLNO battery to debut at COP26 in an electric race car
    Johnson Matthey’ eLNO cathodes featuring full size lithium-ion batteries are being placed in a high-performance race car, it said in a press release on 18 October. The development comes with collaboration with Envision Virgin Racing that is set to debut at the COP26 on 31 October in Glasgow, Scotl...
    19-Oct-2021 News New Products
    Zinsight to use Wolfspeed’s 1200V SiC MOSFETs in FCV engines
    Zinsight Technology (Shanghai) has announced that it would leverage Wolfspeed 1200V Silicon Carbide (SiC) MOSFETs in its advanced motor controller for ultra-high-speed air compressors in fuel cell vehicle (FCV) engines, according to a company press release 18 October. Silicon Carbide in BEVs and FCV...
    19-Oct-2021 News New Products
    Nippon Steel sues Toyota and Baosteel over electrical steel sheet patent infringement
    Japanese steelmaker Nippon Steel announced via press release on 14th October that it had filed lawsuits seeking compensatory damages before Tokyo District Court against Chinese steelmaker Baosteel and Japanese OEM Toyota alleging their infringement of Nippon’s patent relating to non-oriented elect...
    PG&E announces installation of 4,827 Level 2 EV charging ports across Northern and Central California
    Pacific Gas and Electric Company (PG&E) has installed 4,827 Level 2 electric vehicle (EV) charging ports at customer sites across Northern and Central California since 2018, it said in a press release on 13 October. Through the EV charge network, the company tied up with businesses in 192 l...
    Tesla releases mobile app update with new widgets and Powerwall features
    Tesla has released a new mobile app update with new features, Electrek reported on 14 October. A remote live view feature from Autopilot cameras is made available. The new v4.2 update brings in bigger widgets to iOS and Powerwall features. The larger iOS widget to include quick controls. Solar an...
    Honda announces its vehicle electrification strategy in China
    Japanese vehicle manufacturer Honda Motor Company unveiled its vehicle electrification strategy for the China market in a virtual press conference on 13 October. As part of its electrification strategy for the world’s largest car market, all new models to be launched in China after 2030 will be hy...
    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
    Electric Last Mile Solutions opens Urban Mobility Lab in San Francisco
    Michigan-based manufacturer of light electric commercial vehicles, Electric Last Mile Solutions Inc (ELMS) announced the opening of its ‘Urban Mobility Lab’ in San Francisco, the company said in a press release on 13 October. The new Urban Mobility Lab would be ELMS’ new technology hub for inn...
    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
    Click the link above to download this week's issue
    Thalamus Irwine, Triton EV join hands to develop autonomous vehicles in India
    According to a press release published in the Economic Times on 15 October, Thalamus Irwine, a well-known artificial intelligence (AI) with roots in India, has partnered with New Jersey-based Electric Vehicle Manufacturer - Triton EV to accelerate India's Autonomous Future. The MOU signed by the ...
    Autoneum develops battery electromagnetic shield for electric vehicles EVs
    Swiss automotive supplier Autoneum Holding AG announced via press release on 14 October that it had developed a battery electromagnetic shield (EMS) using stamped aluminum. According to the press release, the new EMS prevents electromagnetic radiation from the battery from affecting the func...
    18-Oct-2021 News New Products
    Solid-state battery startup LiNa Energy raises USD4.8 million in seed funding round
    LiNa Energy has raised GBP3.5 million (about USD4.8 million) in a seed funding round from a combination of existing and new investors, the solid-state battery startup announced in a press release on 12 October. The funding will enable the company to advance their technology through expanding their l...
    Nidec supplies 200kW E-Axle traction motor system for Geely's ZEEKR 001 EV
    Geely Automobile Group’s new ZEEKR 001 electric vehicle (EV) will adopt Nidec Corporation’s Ni200Ex, a 200kW, E-Axle traction motor system, the supplier announced in a press release on 14 October. The sale of ZEEKR 001 in China is slated for 2021, while its global sale is set to start in 2022. ...
    Electric Last Mile Solutions signs battery supply agreement with CATL
    Manufacturer of light electric commercial vehicles, Electric Last Mile Solutions, Inc. (ELMS) announced on 14 October that it has reached an agreement with the Chinese EV battery maker Contemporary Amperex Technology Co., Limited (CATL) to supply batteries and secure production capacity needed for i...
    Electric Last Mile Solutions and Ample collaborate to provide EV battery swapping solutions
    Electric Last Mile Solutions, Inc. (ELMS), a manufacturer of electric vehicles for last mile delivery applications, and Ample, Inc., an electric mobility company providing modular battery swapping solutions, plan to collaborate to provide customers with battery swapping solutions, ELMS announced on ...
    Tata Motors plan to invest over USD2 billion in electric vehicles
    India’s leading automaker Tata Motors plans to invest more than USD2 billion in its electric vehicle (EV) business over the next five years, Reuters reported on 13 October, citing a senior company executive. The news comes after the vehicle manufacturer had announced that it has raised USD1 billio...
    15-Oct-2021 News Investments
    Tritium and ChargeNet partner to bring DC charging to Bay Area Taco Bell
    Tritium has partnered with ChargeNet to provide fast charging to Bay Area Taco Bells, it said in a press release on 12 October. The initiative is part of a larger eco system that enables EV charging stations to operate at a higher footprint across the region. Tritium and ChargeNet plans to instal...
    EV battery startup Italvolt picks ABB for engineering services at its upcoming Gigafactory
    Italian electric vehicle (EV) battery startup Italvolt Spa has partnered Swiss technology company ABB, who will provide the former with front end engineering and design (FEED) services at its upcoming gigafactory site, the company said in a press release on 12 October. Both companies plan to join...
    CATL plans to build battery material recycling facility in China
    Leading electric vehicle (EV) battery maker Contemporary Amperex Technology Co Ltd (CATL) plans to build a battery material recycling facility in the central Chinese province of Hubei with an investment of up to USD4.96 billion, Reuters reported on 12 October. Citing CATL’s regulatory filing on...
    14-Oct-2021 News Investments
    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
    Tata Motors raises USD1 billion from PE firm TPG, creates a subsidiary for its EV business
    Indian automaker Tata Motors Ltd and private equity firm TPG Rise Climate have entered into a binding agreement whereby TPG Rise Climate along with its co-investor ADQ, would invest about USD1 billion in a subsidiary of Tata Motors that will be newly incorporated, the company announced on 12 October...
    LG Electronics agrees to pay USD1.9 billion to General Motors for sharing Bolt EV recall expenses
    General Motors and LG Electronics Inc have reached an agreement under which the Korean supplier of electric vehicle (EV) batteries will reimburse the automaker the costs and expenses associated with the recall of Chevrolet Bolt EVs and EUVs due to manufacturing defects in battery modules, GM announc...
    FREYR forms equal JV with Koch Strategic Platforms to set up 50-GWh Gigafactory in the US
    FREYR Battery has formed an equal joint venture (JV) with Koch Strategic Platforms (KSP) to develop an initial 50 GWh of Gigafactory-scale battery cell manufacturing capacity in the US, the company said in a press note on 12 October. The JV aims to produce next-generation battery cells for energy st...
    Sayona to acquire Moblan Lithium Project in Northern Quebec for USD86.5 million
    Australian mining company Sayona announced via press release on 30 September that it would be acquiring the Moblan Lithium Project in the Eeyou‐Istchee James Bay region of Northern Québec. According to the release, under an agreement with Lithium Royalty Corp. (LRC), Sayona will acquire L...
    Indian EV technology startup Ola Electric raises USD200 million in a new funding round
    Bangalore-based electric vehicle (EV) technology startup, Ola Electric has raised more than USD200 million in a new funding round at a valuation of USD3 billion, TechCrunch reported on 30 September. The publication said that while the Bangalore-based startup’s financing round was led by Falcon Edg...
    Chinese EV startup WM Motor expects to raise over USD300 million in series D1 funding round
    WM Motor Holdings Limited, an EV startup from mainland China, is expecting to raise over USD300 million in series D1 funding round, which is led by PCCW Limited and Shun Tak Holdings Limited, it said in a press release on 5 October. The ongoing financing round is also joined by other investors inclu...
    Shell plans to install 50,000 ubitricity EV charge posts across UK by 2025
    Shell plans to install 50,000 on-street electric vehicle (EV) charge posts across the UK by the end of 2025, through its EV charging arm ubitricity, the company had said in a press release on 1 September. The company said that while around 3,600 ubitricity EV chargers are already in place in...
    US EV startup Rivian plans to make battery cells in-house
    Electric vehicle (EV) startup Rivian Automotive plans to build its own battery cells in-house, a Reuters report filed on 1 October said, citing the automaker’s filing for a US initial public offering (IPO). Rivian currently sources batteries from South Korean supplier Samsung SDI. According to ...
    12-Oct-2021 News New Products
    Hyundai Mobis to invest USD1.1 billion in two new hydrogen fuel cell system plants in South Korea
    Hyundai Mobis plans to build two new fuel cell plants in South Korea to accelerate the development of hydrogen fuel cell systems, the company said in a press release on 7 October. The company had organized a groundbreaking ceremony for the new plant that is slated to produce hydrogen fuel cell stack...
    11-Oct-2021 News Investments
    Kongsberg Automotive secures five-year contract worth USD37 million with a leading Asian OEM
    Zurich-based Kongsberg Automotive’s ‘couplings business unit’ has won a contract with a leading Asian car and commercial vehicle manufacturer worth EUR32 million (USD37 million) in estimated lifetime revenue, and average annual revenue of USD6.14 million, the company said in a press release on...
    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
    Click the link above to download this week's issue
    Xcel Energy announces EV smart charging pilot program with carmakers
    Excel Energy has announced a new electric vehicle (EV) smart charging pilot project that will enable users in Colorado, US, to make a switch to EVs at a time when production of renewable energy is high and demand on the energy grid is low, according to a press release on 30 September. “Achievin...
    Volkswagen presents intelligent mobility solutions at ITS World Congress 2021
    Volkswagen presents intelligent mobility solutions at the ITS World Congress in Hamburg, according to an official press release dated 7 October.Volkswagen Commercial Vehicles, MOIA, and ARGO AI are currently testing an autonomous ridesharing system in a pilot project in Hamburg, with a series produc...
    Renault partners with Terrafame for supply of nickel sulphate
    French automotive manufacturer Renault announced via press release on 8 October that it had signed a Memorandum of Understanding (MoU) for the future supply of nickel sulphate with Finnish multimetal company Terrafame. According to the release, Renault Group will procure a supply of nickel s...
    Hitachi and Hitachi Astemo jointly develop in-wheel EV direct-drive system
    Japanese companies Hitachi and Hitachi Astemo announced via press release on 1 October that they had jointly developed a compact lightweight direct-drive system for the increasingly popular electric vehicle (EV) segment. According to the press release, the direct-drive system combines the motor, ...
    11-Oct-2021 News New Products
    VARTA AG plans to build V4Drive lithium-ion battery cells for EVs
    Germany-based battery maker VARTA AG announced on 6 October that it has developed large lithium-ion (Li-ion) round cells specifically for performance-oriented battery electric vehicles (BEVs). “The new cells make a difference especially for the next generation of performance cars and for o...
    08-Oct-2021 News New Products
    Tritium opens regional office in Singapore, plans to expand APAC, Middle East operations
    Australia-based electric vehicle (EV) DC fast charging equipment manufacturer Tritium Holdings Pty Ltd has opened a new regional office in Singapore as it aims to cater to the increasing demand for EV charging network in the Asia Pacific and Middle East region, the company said in a press release on...
    Volvo Cars commences production of C40 Recharge at its Belgium plant
    Volvo Cars announced on 7 October that it has commenced production of its latest battery electric car—the C40 Recharge—at its manufacturing plant in Ghent, Belgium. Notably, the C40 Recharge is Volvo Cars’ second fully electric car as the company prepares for a series of new pure electric mode...
    08-Oct-2021 News New Products
    Lithium extraction technology startup Lilac Solutions raises USD150 million in Series B funding round
    California-based lithium extraction technology startup Lilac Solutions has raised USD150 million in its Series B funding round, it said in a press release issued on 6 October. Lilac said SK Materials, BMW i Ventures, Presidio Ventures (a Sumitomo Corporation Group Company), MCJ Collective, a...
    Linamar signs manufacturing agreement with startup eMatrix Energy Systems, acquires minority stake
    Canadian powertrain parts supplier Linamar Corporation announced on 28 September that it has entered into an exclusive manufacturing and licensing agreement with Michigan-based eMatrix Energy Systems, Inc. to gain access to latter’s modular battery pack technology. The company said that the agr...
    Tata Power plans to set up 10,000 EV charging station in five years
    Mumbai-based utility company Tata Power Company Ltd is targeting to set up up to 10,000 electric vehicle (EV) charging stations across India over the next five years, news publication ET Auto reported on 6 October. In an interview with the news website, Praveer Sinha, CEO and managing d...
    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
    General Motors, GE Renewable Energy sign MoU for supplies of rare earth materials
    American vehicle manufacturer General Motors (GM) has signed a non-binding Memorandum of Understanding (MoU) with GE Renewable Energy to secure supplies of heavy and light rare earth materials and magnets, copper and electrical steel that are used for manufacturing of electric vehicles (EVs) and ren...
    General Motors targets EV revenue to grow to USD90 billion per annum by 2030
    Disclosing its strategic growth plans through 2030 on its investor day on 6 October, General Motors’ top leadership said that the company is targeting to grow its projected electric vehicle (EV) revenues from about USD10 million in 2023 to about USD90 million per annum by 2030. GM said it is betti...
    Startup Otonomo acquires Neura for AI-powered mobility intelligence
    According to a press release published on the GlobeNewswire on 5 September, Otonomo Technologies has acquired Neura, Inc. (Neura), a leader in AI-powered Mobility Intelligence. Otonomo purchased all of Neura's outstanding equity interests. Otonomo anticipates that this acquisition will accelerate Ot...
    German government begins releasing tenders for countrywide EV charging network
    Making an announcement on 1 October, Germany’s Federal Ministry of Transport and Digital Infrastructure (BMVI) said that it is starting the tender for the Germany network for which new companies and their consortiums can compete for the bid to set up and operate electric vehicle (EV) chargers acro...
    Cerence to power conversational AI across VinFast’s lineup of smart EVs
    Cerence has announced that VinFast has picked its technologies to power conversational AI across the automaker’s lineup of smart electric vehicles (EVs), according to a company press release on 28 September. VinFast’s AI-powered voice assistant can be activated by “Hey VinFast,” to access...
    Bosch Engineering GmbH rejigs top leadership
    Automotive engineering and development service provider Bosch Engineering GmbH has restructured its top leadership team with effect from 1 October, the company said in a press release on 5 October. The company said that Dr. Johannes-Jörg Rüger, who will continue to serve as the president of Bos...
    Sigma Lithium, LG Energy sign six-year agreement for supply of battery grade lithium
    Canadian mining company Sigma Lithium Corporation has signed a binding term sheet for an offtake agreement on a ‘take or pay’ basis for the sale of 6% battery-grade high purity and environmentally sustainable lithium concentrate to one of the leading electric vehicle (EV) battery makers, LG Ener...
    General Motors to set up battery cell innovation center aimed at lowering EV costs
    General Motors plans to set up an all-new battery cell facility, named Wallace Battery Cell Innovation Center, aimed at significantly expanding the company's battery technology operations and accelerate development and commercialization of longer range, more affordable electric vehicle (EV) batterie...
    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...
    Spark connected and TDK launch new automotive In-Cabin wireless charging solution
    According to press release on Business wire dated 4 October, Spark Connected announced the launch of The Beast 2.0—an automotive in-cabin wireless charging solution with TDK’s newest pattern coil technology. According to Ruwanga Dassanayake, COO at Spark Connected, “After the market su...
    05-Oct-2021 News New Products
    International Lithium Association formed to voice concerns, promote sustainability
    According to a Green Car Congress report, filed on 1 October, International Lithium Association has been formed to provide a centralized and a global voice to the lithium producers and their stakeholders while promoting sustainability and recyclability of the precious metal to secure a responsible f...
    WiTricity’s wireless EV charging technology all set to debut in South Korea
    US-based wireless charging technology company WiTricity has announced on 4 October that its patented EV charging technology is all set to debut in the South Korean market soon. WiTricity’s patented wireless EV charging technology will be first made available as factory-installed equipment in Hyund...
    05-Oct-2021 News New Products
    Causis E-Mobility plans to set up EV plant, Gigafactory in India
    UK-based electric vehicle startup Causis E-Mobility will invest INR28 billion (USD377 million) to set up a zero-emission electric vehicle (EV) manufacturing facility in Talegaon, near Pune, India, according to a report filed by the newspaper Business Standard on 1 October. The report mentioned th...
    05-Oct-2021 News Investments
    BHP Group collaborates with Toyota and Panasonic for supply of nickel sulphate
    Australian mining company BHP has signed a Memorandum of Understanding (MoU) with Prime Planet Energy & Solutions (PPES) and Toyota Tsusho Corporation (TTC) to create a green electric vehicle (EV) ecosystem that will enhance sustainability, recyclability and traceability of elements, the co...
    GM, Wolfspeed sign agreement for supply of silicon carbide for EV programs
    American automaker General Motors has forged a strategic supplier agreement with chipmaker Wolfspeed, Inc., which will develop and provide silicon carbide power device solutions for GM’s future electric vehicle (EV) programs, the Detriot-based company said in a press release on 4 October. ...
    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...
    SK Innovation names its battery business ‘SK On’ in a spin-off
    South Korea’s SK Innovation has officially announced spin-off of its existing battery and E&P businesses on 1 October. According to the company press release, while its battery business will now be called ‘SK On’, the E&P business will have ‘SK Earthon’ as its corporate name. No...
    AutoTechInsight Weekly – 4 October 2021
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