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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
    Keysight acquires simulation company SCALABLE Network Technologies
    Keysight Technologies has announced the acquisition of SCALABLE Network Technologies, a company press release dated 18 October showed. SCALABLE Network Technologies offers network simulation solutions to model and visualize communications networks and cyber threats. The transaction will not impact K...
    Plasman acquires Minghua to expand North American operations
    Canadian automotive trim supplier Plasman announced via press release on 13th October that it had acquired American Tier 1 manufacturing and sequencing company Minghua. According to the release, the move, primarily aimed at acquiring Minghua’s South Carolina production facility, will allow Plas...
    Rane acquires Hical Group's steering components business for USD3.3 million
    Indian industrial group Rane (RML) announced on 11th October that it had agreed to acquire the Steering and Components Division (SCB) of Yagachi Technologies Private Limited from Yagachi Technologies Private Limited, a part of the Hical Group. According to the company, a key reason behind the ino...
    Recticel announces plan to sell Engineered Foams business
    Recticel has decided to dispose the Engineered Foams business, it said in a press release on 11 October. The decision comes with due consideration from the Board of Directors and Stakeholders to explore an independent Recticel without the Engineered Foams Business arm. The transaction depicts the...
    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...
    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...
    Ouster agrees to acquire Sense Photonics in digital-lidar tie-up
    According to a press release published on Business Wire on 5 October, Ouster announced the signing of a definitive agreement to acquire Sense Photonics (“Sense”), which has developed a digital solid-state lidar sensor for automotive series production. Following the completion of the stra...
    ZF to increase stake in software company doubleSlash
    ZF has announced that it will increase its stake in software company doubleSlash from 40% to 51%, according to 1 October press release. doubleSlash will continue to operate independently on the market and develop software products and services for connected mobility. “Over the past five years o...
    ASMPT announces agreement to acquire AEi to offer automated and scalable end-to-end camera module assembly
    According to an official press release dated 30 September, ASM PACIFIC TECHNOLOGY LIMITED and Mycronic Group signed a definitive agreement under which ASMPT will acquire Mycronic's subsidiary Automation Engineering, Inc. ('AEi') in an all-cash transaction. The transaction has been approved by each c...
    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...
    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...
    Valens Semi and PTK acquisition conclude business combination
    Valens Semiconductor, a provider of high-speed connectivity solutions for the audio-video and automotive markets, and PTK Acquisition, a special-purpose acquisition company, announced the completion of their previously announced business combination in a press release on PR Newswire on 29 September....
    Kendrion acquires 3T for electronics and embedded systems
    According to an official press release dated 21 September, Amsterdam, the Netherlands, Kendrion N.V., a leading developer, manufacturer, and marketer of high-quality electromagnetic systems and components for industrial and automotive applications, has acquired 3T, a software and electronics de...
    Toyota’s Woven Planet acquires vehicle operating system developer Renovo Motors
    Woven Planet, a subsidiary of Toyota Motor Corporation, announced the acquisition of Renovo Motors, Inc. (“Renovo”), a pioneering Silicon Valley-based automotive operating system developer, in an official press release dated 28 September. Renovo creates specialized software that will help Woven ...
    Mercedes-Benz acquires stake in EV battery JV Automotive Cells Company
    German luxury carmaker Mercedes-Benz has acquired an equity stake in European battery cell manufacturer Automotive Cells Company (ACC) to secure and scale up the development and production of high-performance battery cells and modules, the company said announced on 24 September. ACC was set up la...
    LG Electronics acquires Israel's cybersecurity platform developer Cybellum
    According to a press release published on TechCrunch on 22 September, LG Electronics expanded its component business for vehicle hardware and software by acquiring Israel's cybersecurity platform developer Cybellum in a deal worth approximately USD110 million.  LG Electronics announced the s...
    KPIT Tech to acquire 25% stake in Germany-based Future Mobility
    According to a press release on business standard dated 22 September, the board of directors of auto industry-focused technology firm KPIT Technologies has approved the acquisition of a 25% stake in Germany-based Future Mobility Solutions GmbH (FMS), with the remaining stake to be acquired over the ...
    Axalta Coating Systems completes acquisition of U-POL Holdings
    Liquid and powder coatings supplier Axalta Coating Systems today announced that it has successfully completed the previously announced acquisition of U-POL Holdings Limited. U-POL is a supplier of paint, protective coatings and accessories primarily for the automotive aftermarket. "The acquisitio...
    ACQUISITION: J.P. Morgan to acquire majority stake in Volkswagen’s payments business
    JP Morgan has announced that it has entered into a deal to acquire about 75% stake in Volkswagen Financial Services’ payments platform, according to a 9 September press release. The platform is operated by Volkswagen Payments. Volkswagen Financial Services will continue to remain a shareholde...
    Piedmont Lithium acquires 9.9% of IronRidge Resources
    Piedmont Lithium Inc. has announced that it has completed a 9.9% investment in IronRidge Resources. According to a press release issued by Piedmont Lithium on 31 August, this investment is part of a project agreement with IronRidge Resources (IRR) to acquire up to 50% of IRR’s lithium portfolio in...
    VC firm 10X Capital acquires additional shares in EV platform developer REE Automotive
    New York-based venture capital firm 10X Capital has acquired additional shares in Israel-based electric vehicle (EV) platform developer REE Automotive. In a press release issued by 10X Capital on 8 September, the investment firm said that its leadership, Hans Thomas, CEO  and David Weisburd, CO...
    BYD Semiconductor acquires major shares in Energen Semiconductor
    According to a press release published on Digitimes Asia on September 7th, BYD Semiconductor, a subsidiary of China-based carmaker BYD, has acquired a 77.75% stake in Jinan Energen Semiconductor for CNY5 billion (US774.8 million). Energen is a manufacturer of silicon (Si) and silicon carbide (SiC) p...
    Gentex acquires Optical Technologies startup Guardian to expand cabin monitoring capabilities
    Gentex announced the acquisition of Guardian Optical Technologies, an Israeli startup that pioneered a unique, multimodal sensor technology designed to provide a comprehensive suite of driver- and cabin-monitoring solutions for the automotive industry, in a press release published on GlobeNewswire o...
    Piedmont Lithium, Sayona Mining complete acquisition of North American Lithium
    Piedmont Lithium Inc. has announced that Sayona Québec has completed its acquisition of North American Lithium Inc. (NAL). According to a press release issued by Piedmont Lithium on 30 August, the company stated that the transaction was pursuant to a share purchase agreement previously announced on...
    Ansys to acquire Zemax for optical imaging system simulation
    Ansys announced on 31 August that it had entered into a definitive agreement to acquire Zemax, LLC, a leader in high-performance optical imaging system simulation. When completed, the acquisition will broaden Ansys' solution offering by providing users with comprehensive, end-to-end solutions for si...
    Renesas completes USD5.6 billion acquisition of Dialog Semiconductor
    Renesas Electronics Corporation and Dialog Semiconductor announced the successful completion of Renesas' acquisition of the entire issued and to be issued share capital of Dialog in an official press release dated 31 August. Renesas will fund the cash consideration payable to Dialog shareholders of ...
    ACQUISITION: EV charging startup Volta Charging goes public via SPAC merger
    Commerce-centric EV charging startup, Volta, has announced that it has completed its previously announced business combination with Tortoise Acquisition Corp. II, a special purpose acquisition company (SPAC), and that it has been renamed to Volta Inc. According to a press release issued by Volta ...
    NVIDIA closes acquisition of startup DeepMap
    On 26 August, NVIDIA completed its acquisition of DeepMap, a startup dedicated to creating high-definition maps for autonomous vehicles, the company announced on its website. The company had announced the acquisition on 10 June. Significance: By integrating DeepMap’s tech, NVIDIA’s auton...
    onsemi to acquire GT Advanced Technologies for USD415 million
    According to an official press release dated August 26, onsemi and GT Advanced Technologies, a producer of silicon carbide (SiC), announced the signing of a definitive agreement in which onsemi will acquire GTAT for USD415 million in cash. “This transaction reflects our confidence and stated co...
    Chinese EV battery maker CATL evaluates buying 10% stake in mining company Jinchuan International
    Chinese electric vehicle (EV) battery maker Contemporary Amperex Technology (CATL) is evaluating buying a minority stake in the Chinese mining company Jinchuan Group International Resources, Bloomberg reported on 26 August, citing sources aware of the matter. CATL, it said, is mulling the said ac...
    Xiaomi to acquire self-driving startup Deepmotion for USD77.3 Million
    According to a press release published on TechCrunch on 25 August, Xiaomi Corp. announced the acquisition of autonomous driving technology startup Deepmotion for approximately USD77.4 million, completing a deal that will help it further its ambitions of entering the rapidly expanding field. The a...
    Benteler signs agreement to sell two automotive plants to Fidelium Partners
    Germany-based automotive components supplier, Benteler, has announced that it has signed an agreement with Fidelium Partners to sell two of its automotive plants located in Tønder, Denmark and Louviers, France. According to a press release issued by Benteler on 23 August, the company stated that...
    BorgWarner acquires minority stake in Enexor BioEnergy for USD10 million
    Michigan-based global supplier of powertrain technologies BorgWarner has invested USD10 million in Enexor BioEnergy, LLC, in its Series A funding, acquiring a minority stake in the latter, the company said in a press release on 23 August. Enexor BioEnergy is a company that provides on-site r...
    ACQUISITION: Spear Power Systems acquired by Sensata Technologies
    Sensata Technologies, a leading industrial technology company and provider of sensor-rich solutions and insights for customers, announced the acquisition of Spear Power Systems, a leader in lithium-ion based energy storage solutions for mission-critical and demanding end user applications, according...
    Ouster in talks to acquire lidar startup Sense Photonics
    According to a Bloomberg press release dated August 20, Ouster Inc., a lidar startup that went public after merging with a blank-check firm, is in advanced talks to acquire rival Sense Photonics. It was not possible to learn the transaction value right away. An Ouster representative declined to comm...
    NVIDIA's USD40 billion ARM acquisition deal to be investigated by UK regulators
    According to press release on The Economics Times dated 20 August, NVIDIA Corp's planned USD40 billion acquisition of British chip designer ARM is likely to be subject to a lengthy investigation after a UK regulator determined the deal would hit competition and weaken rivals. "We're concerne...
    Acquisition: Rekor to acquire startup Waycare Technologies for USD61 million
    Rekor Systems has signed an agreement to acquire Waycare Technologies for USD61 million in total consideration consisting of cash and common stock, it said in a press release on 9 August. The transaction is expected to close in the third quarter of 2021. “With the Waycare acquisition, we are si...
    ChargePoint acquires eBus and commercial vehicle management provider, ViriCiti
    ChargePoint Holdings, Inc. announced that it has acquired ViriCiti, a provider of electrification solutions for eBus and commercial fleets for a total purchase price of approximately EUR75 million (approximately USD88 million) in cash. According to a press release issued by ChargePoint on 11 Augu...
    Toyota’s subsidiary Woven Planet completes acquisition of AI startup CARMERA
    According to an official press release dated 18 August 18, Woven Planet Holdings, a Toyota Motor subsidiary, has acquired CARMERA, a US-based spatial artificial intelligence (AI) company that specializes in developing scalable, next-generation mapping solutions for automated mobility, a proposed tra...
    Borgwarner invests in CelLink Corp to strengthen its EV battery portfolio
    Michigan-based supplier of powertrain technologies Borgwarner has invested in CelLink Corporation in an attempt to strengthen its electric vehicle battery technology portfolio, the company said in a press release on 16 August. California-based CelLink Corporation is known for developing large, hi...
    ACQUISITION: Lidar startup AEye to be listed on Nasdaq via SPAC merger
    AEye, the global leader in adaptive, high-performance lidar solutions, announced today the completion of its business combination (the “Business Combination”) with CF Finance Acquisition Corp. III , a special purpose acquisition company sponsored by Cantor Fitzgerald. The combined company w...
    Faurecia reaches agreement to acquire majority stake in HELLA
    Faurecia has announced that it has reached an agreement with the Family pool and with HELLA to acquire a 60% stake in HELLA. According to press release issued by Faurecia and HELLA on 14 August, the transaction will be done through a mix of EUR3.4 billion (USD4 billion) in cash and up to 13,571,428 ...
    Rome-based energy company Eni acquires EV charging network operator Be Power
    Rome-based energy company, Eni has signed an agreement to acquire 100% of Be Power S.p.A., an electric vehicle charging network operator in Italy, the company said in a press announcement on 5 August. Eni has acquired Be Power through its energy management solutions subsidiary, Eni gaseluce, it s...
    ACQUISITION: Phillips 66 to acquire 16% stake in Li-ion battery material supplier NOVONIX
    Phillips 66 has entered into an agreement to buy a 16% stake in Australia-based NOVONIX, it said in a press release on 9 August. NOVONIX develops and supplies materials for lithium-ion batteries. Under the agreement, Phillips 66 will subscribe for around 78 million ordinary shares of NOVONIX for USD...
    Veoneer to start talks with Qualcomm over merger offer
    According to an official press release dated 8 August, Veoneer announced that the company's board of directors has determined that Qualcomm's proposal to acquire Veoneer (the "Qualcomm Proposal") would reasonably be expected to result in a "Superior Proposal," as defined in Veoneer's merger agreemen...
    SK Innovation to spin off EV battery business
    South Korean supplier, SK Innovation, has announced that it has decided to spin off its EV battery business line and Exploration & Production (E&P) business lines. According to a press release issued by SK Innovation on 4 August, the company stated that its Board of Directors took the decisi...
    ACQUISITION: Tobii enters automotive driver monitoring market by acquiring Phasya
    Tobii, the world leader in eye tracking, announced on 5 August that it has signed an agreement to acquire Phasya, an innovative provider of software for monitoring physiological and cognitive states that influence human behavior. "Tobii and Phasya are a perfect strategic fit. By combining tw...
    Foxconn acquires USD90.8 million wafer plant from Macronix to produce EV chips
    Foxconn has purchased a chip plant from Taiwan chipmaker Macronix International for USD90.8 million, according to an official press release dated 5 August, as the electronics giant looks to make auto chips as it enters the electric vehicle (EV) market. “The acquisition of the 6-inch wafer fab i...
    Qualcomm offers to buy Swedish auto parts maker Veoneer for USD4.6 billion, topping Magna's bid
    According to an official press release dated 5 August, chipmaker Qualcomm had offered to buy Swedish auto parts maker Veoneer for USD4.6 billion, an 18.4% premium over a bid accepted by Veoneer's board in July by Canada's Magna International. "As the automotive industry continues to transform, it...
    Continental acquires stake in AI-based automated parking specialist, Kopernikus Automotive
    Continental, a technology company, is investing in Leipzig-based startup Kopernikus Automotive with a minority stake, according to an official press release dated 3 August. The two companies have agreed not to reveal the amount of their investment. Kopernikus, a specialist in autonomous driving tech...
    Sogefi sells filtration business unit in Argentina to SA Eagle Holdings
    Italian automotive components supplier, Sogefi Group, has announced that it has completed the sale of its filtration business unit in Argentina to SA Eagle Holdings LLC. According to a press release issued by Sogefi on 2 August, the company stated that the asset consists of one production plant and ...
    ACQUISITION: LG Chem acquires separation membrane business of LG Electronics
    LG Chem has acquired the operations of the Chemical Electronic Material (CEM) business sector under the LG Electronics’ Business Solution Division at KRW525 billion (approximately USD456.2 million). According to a press release issued by LG Chem on 29 July, the acquisition will be for all of the t...
    TotalEnergies to acquire Singapore’s largest EV charging network Blue Charge
    French multinational oil and gas company, TotalEnergies has signed with Bolloré Group for the acquisition of ‘Blue Charge’, which is the largest electric vehicle (EV) charging network in Singapore, the company said in a press announcement on 28 July. “Upon the approval of the relevant auth...
    ACQUISITION: Smart Eye acquires DMS startup Affectiva for USD73.5 million
    Smart Eye, a company that produces AI-based eye tracking and automotive-grade driver monitoring systems (DMS), has announced that it entered into an agreement to acquire Affectiva for USD73.5 million. According to a joint press release issued by the two companies on 25 May, Smart Eye and Affectiva w...
    Skyworks acquires infrastructure and automotive businesses of Silicon Labs
    Skyworks Solutions, an innovator of high-performance analogue semiconductors connecting people, places, and things, announced on 26 July that it had completed its acquisition of Silicon Laboratories' Infrastructure & Automotive business in an all-cash asset transaction valued at USD2.75 bil...
    ACQUISITION: EV startup Lucid Motors lists on Nasdaq after SPAC merger
    American electric carmaker, Lucid Motors, has announced that it has become a publicly listed company trading on the Nasdaq Global Select Market with its Class A common stock listed under the new ticker symbol "LCID". Lucid completed the previously announced merger with Churchill Capital Corp IV, a s...
    Startup REE Auto completes merger with 10X Capital Venture Acquisition Corp.
    Israeli e-mobility startup REE Automotive has announced the completion of its merger with 10X Capital Venture Acquisition Corp. According to a press release issued by REE Auto on 22 July, the business combination was approved at a special meeting of 10X’s stockholders on 21 July and comp...
    Mercedes-Benz acquires electric motor manufacturer YASA
    German luxury car maker Mercedes-Benz has acquired the UK-based electric motor manufacturer YASA, the two companies announced on 22 July. Under the terms of the acquisition, YASA CEO Chris Harris said that the company would operate as a wholly owned subsidiary of Mercedes-Benz, developing ultra...
    ACQUISITION: Magna to acquire Veoneer for USD3.8 billion
    According to an official press release dated 23 July, Magna and Veoneer announced the signing of a definitive merger agreement in which Magna will acquire Veoneer, a leader in automotive safety technology. According to the terms of the agreement, Magna will pay USD31.25 per share in cash for all ...
    Mando to separate autonomous driving unit as wholly owned subsidiary
    According to a press release published on PR Newswire on 21 July, Mando shareholders approved a plan to spin off its autonomous driving and Mobility businesses as a wholly owned subsidiary The special resolution, which was approved with an approval rate of 85.0% of the total number of stocks atte...
    Chinese self-driving startup WeRide acquires MoonX.ai
    According to a press release published on CNBC on 21 July, Chinese autonomous vehicle startup WeRide acquired self-driving autonomous trucking firm MoonX.AI, as it looks to commercialize self-driving technology. The acquisition and expansion also comes on the back of a funding round in May...
    ChargePoint to acquire European e-mobility company has·to·be for about USD295 million
    American EV charging network operator, ChargePoint, has announced that it has signed a definitive agreement to acquire has·to·be, a Netherlands-based e-mobility solutions provider. According to a press release issued by ChargePoint on 20 July, the company will acquire has·to·be for a total purch...
    Toyota's subsidiary Woven Planet Closes Acquisition of Lyft's Level 5 Division
    Woven Planet Holdings, a subsidiary of Toyota Motor Corporation, announced the completion of the acquisition of Level 5, the self-driving division of Lyft, Inc. (“Lyft”), a proposed transaction previously announced in April 2021, in an official press release dated 20 July. This is Woven Planet's...
    Luminar acquires chip supplier to bolster self-driving car sensor
    According to a Reuters press release dated 19 July, Luminar Technologies announced the acquisition of Wilmington, Massachusetts-based OptoGration Inc., a chipmaker that manufactures a key component of its sensor. The transaction is expected to be completed in the third quarter. Luminar did not di...
    ACQUISITION: Self-driving startup Aurora to go public via SPAC merger
    Self-driving technology startup, Aurora, has entered into a definitive business combination agreement with Reinvent Technology Partners Y, a special purpose acquisition company (SPAC). According to a press release issued by Aurora on 15 July, the company stated that upon closing of the proposed tran...
    EVgo acquires e-mobility software company Recargo for USD25 million
    Electric vehicle (EV) charging network provider EVgo has acquired Recargo, a leading e-mobility software company, for USD25 million in an all-cash deal, which included a USD3 million loan repayment, the company said in a press announcement on 14 July. Recargo, which is known to be a leading ...
    Toyota’s Woven Planet acquires HD mapping startup CARMERA
    Woven Planet Holdings, a subsidiary of Toyota Motor Corporation, announced the acquisition of CARMERA, a US-based spatial artificial intelligence (AI) company that specializes in bringing next-generation road intelligence to automated mobility at scale, in an official press release dated 14 July. Th...
    Knorr-Bremse drops plan to acquire 60% stake in HELLA
    Germany-based supplier of braking components and systems, Knorr Bremse, has announced that it has dropped its plans of acquiring a 60% stake in German automotive lighting systems manufacturer, HELLA, according to a report filed by business news agency Reuters on 7 July. Knorr Bremse said it was i...
    Pai Partners to acquire Italian leather maker Pasubio from CVC Capital Partners VI
    European private equity firm, PAI Partners have agreed to acquire Pasubio, an Italian supplier of premium leather products to the automotive industry, from CVC Capital Partners VI, PAI said in a press release on 23 June. PAI said that it would support Pasubio’s management in its future growth p...
    Knorr Bremse shows interest in buying 60% stake in HELLA
    German brake manufacturer Knorr-Bremse AG said it was interested in buying a 60% stake in the supplier of electronic and lighting systems, HELLA GmbH, Reuters reported on 29 June. The report mentioned that Knorr, which largely caters to the commercial vehicles and railway industries, said in a re...
    Electric Last Mile publicly listed on Nasdaq after SPAC merger
    Electric Last Mile Solutions Inc., a commercial EV company focused on last mile connectivity, has announced that shares of its common stock and warrants began trading on the Nasdaq on Monday under the new ticker symbols “ELMS” and “ELMSW”, respectively. According to a press release issued...
    Minda to acquire 51% stake in Uzbekistan-based headlights supplier UzChasys
    Minda Industries will, through its wholly owned unit, acquire a 51% stake in joint venture (JV) UzChasys, from its existing shareholder UzautoComponents LLC, Business Standard reported on 22 June. The cost of the acquisition is about INR581.3 million (USD7.8 million). Minda’s investment in UzChasy...
    HDT Automotive announces deal to acquire German supplier Veritas
    Michigan-based automotive supplier of advanced thermal management systems, HDT Automotive Solutions LLC plans to acquire Germany’s Veritas AG, a supplier with expertise in elastomers, plastics, and metal for fluid, thermal and sealing management systems, HDT said in a press release on 23 June. ...
    KPIT acquires PathPartner Technology to boost software integration expertise
    KPIT has announced that it has signed an agreement to acquire a controlling stake in PathPartner Technology, according to a company press release dated 21 June. The deal is expected to close in the second quarter of FY 2021–22. KPIT will initially purchase 60% stake for INR890 million (USD11 mi...
    Hyundai in talks with chipmakers in South Korea to diversify supply chain
    Hyundai Motor Group is in talks with South Korean chip companies to reduce its reliance on foreign supplies in the midst of a global shortage that has halted assembly lines at automakers worldwide, four sources as per Reuters press release on 16 June.  “On top of facing high entry bar...
    Hyundai Motor Group completes acquisition of Boston Dynamics from SoftBank
    According to an official press release dated 21 June, Hyundai Motor Group, Boston Dynamics, and SoftBank Group Corp. announced the completion of the Group's acquisition of a controlling interest in Boston Dynamics from SoftBank, subject to regulatory approvals and other closing conditions. The trans...
    ACQUISITION: Cambridge Mobile Telematics buys TrueMotion
    Cambridge Mobile Telematics has completed the acquisition TrueMotion, it said in a press release on 17 June. This will enable Cambridge Mobile Telematics to offer telematics services to 21 out of the 25 largest auto insurers in the United States and across more than 20 countries, including Cana...
    EV battery startup Solid Power to go public in USD1.2 billion SPAC deal
    Solid Power Inc., an EV battery technology and manufacturing startup backed by BMW and Ford, has announced that it will be going public by merging with Decarbonization Plus Acquisition Corp III, a special purpose acquisition company (SPAC). According to a report filed by business news agency Reut...
    China Automotive Systems acquires 40% stake in automotive technology company Sentient AB
    China Automotive Systems (CAAS), through its unit Hubei Henglong Automotive Systems Group, has acquired a 40% interest in the issued share capital of Sentient AB, it said in a press release on 10 June. According to the transaction, Jingzhou WiseDawn Electric Car will transfer and assign its Sentient...
    ACQUISITION: Faurecia acquires DesignLED
    Faurecia has announced the acquisition of DesignLED, in a company press release on 9 June. DesignLED is a Scotland-based company, offering advanced backlighting technologies. Financial details of the transaction were not disclosed. “DesignLED’s advanced technologies and team will enrich ...
    Nvidia to acquire HD mapping startup DeepMap to bolster AV technology
    NVIDIA announced the acquisition of DeepMap, a startup dedicated to creating high-definition maps for autonomous vehicles, in a press release dated 10 June. Startup company's said its mapping IP will help Nvidia’s autonomous vehicle technology sector, Nvidia Drive. “The acquisition is an...
    ACQUISITION: Synopsys acquires Code Dx for security testing insight
    According to a press release on 8 June, Synopsys announced the acquisition of Code Dx based in New York that developed a Code Dx Enterprise application security tool. Code Dx automates many of the most work-intensive software safety processes, including testing orchestration, correlating the sa...
    Goodyear completes acquisition of Cooper Tire & Rubber
    The Goodyear Tire & Rubber Company has completed its acquisition of Cooper Tire & Rubber Company, finalizing the agreement made public on 22 February, according to a company press release on 7 June. Consequently, Cooper’s common stock will cease to be traded on the New York Stock Exchange....
    BorgWarner acquires 89% of high-performance battery systems maker AKASOL AG
    BorgWarner Inc. announced that it has completed the tender offer for shares of AKASOL AG, resulting in BorgWarner owning 89.08% of AKASOL’s outstanding shares after completion of the tender offer. According to a press release issued by BorgWarner on 4 June, the company stated that this acquisition...
    EasyPark Group completes acquisition of digital parking services provider PARK NOW
    EasyPark Group has completed the acquisition of digital parking services company PARK NOW Group, it said in a 1 June press release. The acquisition has been approved by relevant authorities, and all assets and liabilities have been transferred from the shareholders BMW Group and Daimler Mobility AG ...
    European Commission clears acquisition of Sanden by Hisense Group
    The European Commission (The Commission) has approved, under the EU Merger Regulation, the acquisition of Japan-based Sanden Holdings Corporation by Chinese Hisense Group Holdings Co. Ltd., The Commission said in a press release on 20 May 2021. Significance: Sanden manufactures and supplies ...
    Faurecia closes acquisition of Chinese high-pressure hydrogen tank manufacturer CLD
    Faurecia has completed its acquisition of mainland China-based manufacturer of hydrogen tanks CLD on 30 April 2021. CLD has about 200 employees and two plants in Liaoning with a capacity of 30,000 tanks per year. In addition, CLD has also been recently certified by the Chinese central government ...
    Smart Eye enters definitive agreement to acquire software startup Affectiva
    Smart Eye has entered into an agreement to acquire software startup Affectiva for USD73.5 million, according to a company press release on 25 May 2021. The two companies are merging to create a transatlantic artificial intelligence (AI) company to accelerate growth and development of the rapidly evo...
    STMicroelectronics acquires Edge AI software provider Cartesiam
    STMicroelectronics (STM) has agreed to acquire Cartesiam’s assets (including its IP portfolio) and to transfer and integrate its employees, STM announced in a press release on 19 May 2021. Closing of the transaction is subject to regulatory approvals. The terms of the transaction were not disclose...
    ACQUISITION: Blink Charging acquires Blue Corner to widen EV charging network in Europe
    Blink Charging, an owner, operator, and provider of EV charging equipment and services, announced that it acquired the European EV charging operator Blue Corner N.V., based in Antwerp, Belgium, and its portfolio of 7,071 charging ports. The acquisition is part of Blink’s broader strategic internat...
    PPG completes acquisition of coatings manufacturer Wörwag
    PPG has completed its acquisition of Wörwag, a global manufacturer of coatings for industrial and automotive applications, the company announced in a press release on 17 May. “The acquisition of Wörwag is another step forward in PPG’s strategic growth plan that will provide further value to...
    ACQUISITION: Hanon Systems completes acquisition of Keihin’s condenser business in Europe, North America
    Hanon Systems has announced it has completed the acquisition of condenser business from Keihin for certain operations in Europe and North America, according to a company press release dated 7 May. Financial details of the transaction were not disclosed. “This strategic acquisition expands our a...
    ACQUISITION: Molding Solutions acquires Seabrook Plastics
    According to a company press release by NuVescor Group, the M&A firm that advised the merger, Molding Solutions acquired Norton Shores–based Seabrook Plastics in April 2021. Significance: Based out of Grand Haven, Michigan, in the United States, Molding Solutions offers plastic injecti...
    ACQUISITION: National Instruments acquires monoDrive for autonomous vehicle development
    Austin-based National Instruments (NI) announced the acquisition of Austin-based monoDrive, a start-up specializing in autonomous vehicle simulations, in  a press release dated 4 May on its official website. In conjunction, NI also said it is entering a strategic collaboration with engineering ...
    ACQUISITION: PCTEL acquires car antenna supplier Smarteq Wireless
    Wireless technology provider PCTEL has announced the acquisition of Smarteq Wireless AB from Allgon for an undisclosed amount, according to a company press release on 3 May. “With Smarteq, PCTEL has a strong local presence, expertise, and channel partners to accelerate our growth in Europe, as ...
    ACQUISITION: AAMP Global acquires fleet management solutions company M2M in Motion
    AAMP Global has announced the acquisition of M2M in Motion, a fleet management solutions provider, a company press release on 3 May read. The release read that M2M in Motion's existing customers will have no impact on their products and services. Financial details were not disclosed. The existing...
    Modine completes divestment of Austrian automotive air-cooled business to Schmid Metall
    American thermal management technology and solutions provider, Modine Manufacturing Company, has announced that it has completed the sale of its Austrian air-cooled automotive business, including its manufacturing facility located at Kottingbrunn, Austria, to Schmid Metall GmbH, an affiliate of Rupe...
    Trinseo completes acquisition of Arkema’s PMMA business
    Trinseo, a global materials company and manufacturer of plastics, latex binders, and synthetic rubber, has announced the closing of its previously announced acquisition of Arkema’s polymethyl methacrylates (PMMA) business, according to a press release on 3 May 2021. PMMA is a transparent and rigid...
    Samvardhana Motherson completes the acquisition of Turkish Plast Met Group.
    Indian automotive components supplier, Samvardhana Motherson has announced the completion of the acquisition of a majority stake in Turkey-based Plast Met Group upon receipt of related approvals, according to a press release on 30 April. The material subsidiary of Motherson Sumi Systems—Samvardhan...
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