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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...
    05-Oct-2021 Insights AutotechInsight Analysis Monthly Pinned
    Insights
    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
    Insights
    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 ...
    21-Oct-2021 News Policy & Regulation
    News
    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
    News
    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
    News
    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...
    21-Oct-2021 News Strategic Partnerships
    News
    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...
    20-Oct-2021 News Strategic Partnerships
    News
    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...
    20-Oct-2021 News Strategic Partnerships
    News
    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...
    20-Oct-2021 News Corporate developments
    News
    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
    News
    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...
    20-Oct-2021 News Policy & Regulation
    News
    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
    News
    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
    News
    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
    News
    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...
    20-Oct-2021 News Corporate developments
    News
    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
    News
    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....
    19-Oct-2021 News Strategic Partnerships
    News
    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
    News
    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
    News
    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
    News
    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
    News
    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
    News
    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...
    19-Oct-2021 News Corporate developments
    News
    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...
    18-Oct-2021 News Strategic Partnerships
    News
    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...
    18-Oct-2021 News Corporate developments
    News
    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...
    18-Oct-2021 News Corporate developments
    News
    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
    News
    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...
    18-Oct-2021 News Corporate developments
    News
    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....
    18-Oct-2021 News OEM Purchasing
    News
    AutoTechInsight Weekly – 18 October 2021
    Click the link above to download this week's issue
    18-Oct-2021 News AutotechInsight Weekly
    News
    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 ...
    18-Oct-2021 News Strategic Partnerships
    News
    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
    News
    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...
    15-Oct-2021 News Corporate developments
    News
    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. ...
    15-Oct-2021 News OEM Purchasing
    News
    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...
    15-Oct-2021 News OEM Purchasing
    News
    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 ...
    15-Oct-2021 News Strategic Partnerships
    News
    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
    News
    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...
    15-Oct-2021 News Strategic Partnerships
    News
    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...
    14-Oct-2021 News Strategic Partnerships
    News
    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
    News
    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
    News
    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...
    13-Oct-2021 News Corporate developments
    News
    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...
    13-Oct-2021 News Corporate developments
    News
    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...
    13-Oct-2021 News Corporate developments
    News
    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...
    13-Oct-2021 News Acquisition, divestment & Spinoff
    News
    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...
    12-Oct-2021 News Corporate developments
    News
    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...
    12-Oct-2021 News Corporate developments
    News
    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...
    12-Oct-2021 News Corporate developments
    News
    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
    News
    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
    News
    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...
    11-Oct-2021 News OEM Purchasing
    News
    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
    News
    AutoTechInsight Weekly –11 October 2021
    Click the link above to download this week's issue
    11-Oct-2021 News AutotechInsight Weekly
    News
    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...
    11-Oct-2021 News Strategic Partnerships
    News
    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...
    11-Oct-2021 News Corporate developments
    News
    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...
    11-Oct-2021 News OEM Purchasing
    News
    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
    News
    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
    News
    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...
    08-Oct-2021 News Corporate developments
    News
    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
    News
    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...
    08-Oct-2021 News Corporate developments
    News
    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...
    07-Oct-2021 News Corporate developments
    News
    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...
    07-Oct-2021 News Corporate developments
    News
    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
    News
    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...
    07-Oct-2021 News Strategic Partnerships
    News
    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...
    07-Oct-2021 News Corporate developments
    News
    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...
    07-Oct-2021 News Acquisition, divestment & Spinoff
    News
    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...
    06-Oct-2021 News Policy & Regulation
    News
    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...
    06-Oct-2021 News OEM Purchasing
    News
    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...
    06-Oct-2021 News Management Changes
    News
    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...
    06-Oct-2021 News Corporate developments
    News
    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...
    06-Oct-2021 News Corporate developments
    News
    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
    News
    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...
    05-Oct-2021 Insights AutotechInsight Analysis Monthly
    Insights
    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
    News
    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...
    05-Oct-2021 News Strategic Partnerships
    News
    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
    News
    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
    News
    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...
    05-Oct-2021 News OEM Purchasing
    News
    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. ...
    05-Oct-2021 News OEM Purchasing
    News
    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...
    04-Oct-2021 News Acquisition, divestment & Spinoff
    News
    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...
    04-Oct-2021 News Acquisition, divestment & Spinoff
    News
    AutoTechInsight Weekly – 4 October 2021
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    04-Oct-2021 News AutotechInsight Weekly
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    MAHLE showcases innovative emobility technologies at the World Expo in Dubai
    The Stuttgart-based automotive supplier MAHLE is showcasing its innovative electric mobility technologies at the ongoing World Expo in Dubai, which opened its doors on 1 October, the company said in a press release on 30 September. The MAHLE Group is exhibiting as a partner of the German Land of ...
    04-Oct-2021 News New Products
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    Chinese battery maker CATL to acquire Millennial Lithium Corp for USD298 million
    Canadian mining company Millennial Lithium Corporation announced in a press release on 28 September that it has entered into a definitive arrangement agreement with Mainland China based EV battery maker Contemporary Amperex Technology Company Ltd. (CATL) pursuant to which CATL will acquire the forme...
    04-Oct-2021 News Acquisition, divestment & Spinoff
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    Koch Strategic Platforms invests USD100 million in Canadian battery recycler Li-Cycle
    Koch Strategic Platforms (KSP) is investing USD100 million in Toronto-based lithium-ion (Li-ion) battery recycler, Li-Cycle to help meet the rapidly growing global demand to source and recycle critical and scarce battery-grade materials, the company said in a press release on 29 September. Accord...
    04-Oct-2021 News Investments
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    ABB launches innovative all-in-one EV charger, Terra 360
    Swiss company ABB has launched an innovative all-in-one electric vehicle (EV) charger, Terra 360, which is a modular charger capable of simultaneously charging up to four vehicles with dynamic power distribution, the company said in a press release on 30 September. Dynamic power distribution mean...
    04-Oct-2021 News New Products
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    Foxconn buys Lordstown Motors’ Ohio plant for USD230 million, future EV programs
    Taiwanese electronic products manufacturer Foxconn and Lordstown Motors Corporation, which makes electric light commercial vehicles (eLCVs), have reached an agreement in principle wherein the former will purchase the latter’s Ohio-based plant for USD230 million, the company announced on 1 October....
    01-Oct-2021 News Corporate developments
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    Hyundai Motor Group launches e-mobility pilot program in Singapore
    South Korean vehicle manufacturer Hyundai Motor Group has launched an electric mobility pilot program in Singapore in partnership with leading utilities company SP Group and one of the leading local automotive distributors Komoco Motors, the company announced on 25 September. The program aims to ...
    01-Oct-2021 News New Products
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    bp invests USD13 million in India’s EV ride hailing and charging startup BluSmart
    Making its first direct investment in India, bp ventures has invested USD13 million in Delhi-based EV ride-hailing and charging startup BluSmart, the company said in a press release on 30 September. bp ventures has led a USD25 million series-A funding round, which also saw investments from Mayfie...
    01-Oct-2021 News Corporate developments
    News
    Canoo partners with AVL to develop proprietary software for EV safety features
    Canoo has announced a partnership with AVL, under which the companies will develop, test, and validate advanced driver-assistance systems (ADAS) software for Canoo's Lifestyle Vehicle, according to a company press release on 30 September. AVL will support Canoo in developing ADAS features harmoni...
    01-Oct-2021 News Strategic Partnerships
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    Kia selects low-noise Kumho K-silent tires for new EV6
    Korean tire manufacturer Kumho Tyres announced via press release on 9 September that its low-noise all-season CRUGEN HP71 and high-performance ECSTA PS71 tires had been selected by Korean OEM Kia for its EV6 battery-electric vehicle. According to the press release, the two selected tires exh...
    01-Oct-2021 News OEM Purchasing
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    Nano One signs MoU with Auto OEM to develop LNMO batteries
    Canadian battery materials company Nano One announced via press release on 30th September that it had signed an MoU with a global automotive OEM to evaluate manganese rich cathode materials for potential use in automotive scale battery cells. According to the press release, the MoU, signed after ...
    01-Oct-2021 News Strategic Partnerships
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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...
    01-Oct-2021 News Management Changes
    News
    Hybrid, battery electric vehicles to drive the demand for brushless DC motors
    While electric motors are used in almost every aspect in a car where motion control applications are required, direct current (DC) motors, in comparison to alternate current (AC) motors, offer more flexibility when it comes to quick start-and-stop functionality, operating at variable speeds, and con...
    30-Sep-2021 Insights AutotechInsight Analysis Monthly
    Insights
    NIO picks Keysight to verify 5G and C-V2X connectivity in EVs
    Keysight Technologies has announced that NIO has selected its solutions to verify 5G and cellular vehicle to everything (C-V2X) connectivity, according to a company press release on 29 September. NIO has picked Keysight’s solutions to advance development of premium electric vehicles (EVs) primaril...
    30-Sep-2021 News Strategic Partnerships
    News
    Dubai Taxi and BluWave-ai partner to work towards AI-enabled fleet electrification and optimization
    According to a press release dated 29 September, Dubai Taxi has joined forces with Canadian AI CleanTech innovators BluWave-ai to work toward AI-enabled fleet electrification and optimization. The collaboration takes advantage of BluWave-nine ai's USPTO patents in the field of energy optimization...
    30-Sep-2021 News Strategic Partnerships
    News
    TotalEnergies, China Three Gorges partner to set up 11,000 high-power EV charging points
    French energy company TotalEnergies and China Three Gorges Corporation (CTG, through its two affiliates CTG Capital and CTG Electric Energy) have signed an agreement to establish a joint venture (JV) to set up an equally owned company that will develop EV high power charging infrastructure and servi...
    30-Sep-2021 News Strategic Partnerships
    News
    Lucid Motors begins production of Lucid Air, customer deliveries to start from October
    California-based electric vehicle (EV) startup Lucid Motors, which kicked off its ‘Production Preview Week’ involving a series of events such as opening the doors of its advanced manufacturing plant (AMP-1) and powertrain plant (LPM-1) located in Casa Grande, Arizona, to investors, customers, an...
    30-Sep-2021 News Corporate developments
    News
    Dana signs long-term agreement with Bosch to produce metallic bipolar plates for fuel-cell stacks
    Ohio-based auto component manufacturer Dana Inc has signed a long-term cooperation agreement with Robert Bosch GmbH to mass produce metallic bipolar plates for fuel-cell stacks, the company announced on 29 September. According to Dana, its licensed intellectual property will serve as the foundati...
    30-Sep-2021 News Strategic Partnerships
    News
    MAHLE Powertrain and Bramble Energy showcase fuel cell technology in a demo vehicle
    MAHLE Powertrain, a wholly owned engineering services division of MAHLE Group, and UK-based fuel cell company Bramble Energy have agreed to continue their partnership to develop latter’s PCBFC hydrogen fuel cell technology, the company said in a press release on 24 September. The phase 1 demons...
    30-Sep-2021 News Strategic Partnerships
    News
    General Motor’s commercial delivery arm BrightDrop unveils all-new electric light commercial vehicle, EV410
    General Motors’ all-new commercial delivery vehicle arm, BrightDrop has unveiled a new addition to its vehicle lineup, the EV410, a mid-size electric light commercial vehicle designed for smaller, more frequent trips, the company said in a press release on 28 September. GM said that Verizon, on...
    30-Sep-2021 News New Products
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