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    The evolution of displays in the automotive cockpit
    The size of automotive displays has increased over the past few years, as has the number of displays in the vehicle. The rapid growth in display-based instrument clusters; heat, ventilation, and air-conditioning (HVAC) control displays; digital display mirrors (both rear and side view); passenger di...
    12-Nov-2020 Insights Technology Trends Pinned
    Automotive semiconductor demand running ahead of 2020 expectations
    IHS Markit conducted a survey in July that asked 30 automotive semiconductor suppliers about the impact of the coronavirus disease 2019 (COVID-19) viral pandemic. According to the survey, most respondents saw demand for automotive semiconductors rebounding faster than expected compared to a previous...
    Marelli to set up new manufacturing plant for EV drivetrains in Germany
    Marelli is planning to set up a new plant for manufacturing electric vehicle (EV) drivetrain in Cologne, Germany, the company announced in a press release on 26 November. Production at the plant is scheduled to start in the first half of 2021. At start of production in the first half year of 2021, t...
    26-Nov-2020 News Investments
    Tesla plans to manufacture EV chargers in mainland China
    Tesla plans to begin local production of its electric vehicle (EV) chargers, called Supercharger, in China in 2021, Reuters reported on 25 November. The US-based electric carmaker is considering investing CNY42 million (USD6.4 million) in a new plant, the news agency said citing a document submitted...
    26-Nov-2020 News Investments
    Chinese tire manufacturer Shandong Haohua to establish new plant in Sri Lanka
    Chinese tire manufacturer Shandong Haohua Tire Co. Ltd. will establish a new plant in Sri Lanka, according to a press release on 21 November on news.lk the official government news portal of Sri Lanka. The new plant will manufacture semi steel radial tires and all steel radial tires for trucks, buse...
    26-Nov-2020 News Investments
    Radar startup Lunewave closes USD7 million in Series A financing round
    Lunewave has announced a fund raising of USD7 million in Series A round, according to a press release dated 23 November. The investment round was led by FM Capital along with with new investors Proeza Ventures, Blue 9 Capital, Tsingyuan Ventures and Intact Ventures. Lunewave is also funded through N...
    24-Nov-2020 News Investments
    Subaru to open AI development base ‘Subaru Lab’ in Japan
    Subaru has announced plans to open an artificial intelligence (AI) development base called ‘Subaru Lab’ in Shibuya, Tokyo, Japan, the company said in press release on 18 November. The new development center will become operational in December 2020. Significance: Subaru is working to achieve a...
    24-Nov-2020 News Investments
    Lotus Engineering unveils new battery testing laboratory for EVs in UK
    Lotus Engineering has launched a new pilot containerized battery testing facility for electric vehicle (EV) batteries in the United Kingdom, the company announced in a press release on 19 November. The project has been named BattCon, an abbreviation of Battery Containerised Test Facility. Lotus has ...
    24-Nov-2020 News Investments
    SK IE Technology starts production of Li-ion battery separators in China
    SK IE Technology, a wholly-owned subsidiary of SK Innovation has started commercial production of  lithium-ion battery separators (LiBS) at its new factory in Changzhou, China, SK Innovation announced in a press release on 10 November. The production facility has a capacity of 340 million ...
    24-Nov-2020 News Investments
    Mobility platform startup RideCell raises funding from Fort Ross Ventures
    Ridecell has announced an undisclosed investment from Fort Ross Ventures, a company press release on 19 November read. The investment will allow the startup to expand its fleet operations platform, to strengthen European operations, and venture into new markets. “Ridecell is experiencing an acc...
    23-Nov-2020 News Investments
    AGC opens new R&D center in Japan
    AGC Inc., a japan-based manufacturer of glass, chemicals and high-tech materials, has opened a new research and development (R&D) building at the AGC Yokohama Technical Center (Tsurumi-ku, Yokohama) in Japan, according to a company press release on 19 November. The company has invested approxima...
    20-Nov-2020 News Investments
    GM raises EV investments to USD27 billion, plans 30 new EVs through 2025
    American automaker General Motors has announced that it will increase its investments in electric and autonomous vehicles to USD27 billion, up from the previously announced USD20 billion that was planned before the onset of the COVID-19 pandemic. According to a press release issued by General M...
    20-Nov-2020 News Investments
    SVOLT to build new battery cell plant in Germany
    Chinese battery-maker SVOLT is planning to build a new battery cell plant in Germany, the company announced in a press release on 17 November. A module and pack factory as well as a state-of-the-art cell factory with a 24-GWh production capacity in the final expansion stage will be built at two loca...
    19-Nov-2020 News Investments
    SEMCORP to build battery separator film plant in Hungary
    Chinese SEMCORP Group will build a lithium-ion battery separator film plant in Hungary, according to a press release on the official website of Hungarian Investment Promotion Agency (HIPA) on 10 November. The company plans to invest more than EUR183 million (USD217 million) in the new plant, which i...
    19-Nov-2020 News Investments
    Sanhua to invest USD180 million in new plant in Mexico
    Sanhua México has announced plans to invest USD180 million to build a new plant in Mexico, according to a report by Mexico Now on 13 November. The new plant will be located in the state of Coahuila and is expected to create 700 jobs. It is scheduled to start production of automotive components...
    18-Nov-2020 News Investments
    BASF breaks ground on new cathode active materials plant in Germany
    BASF has broken ground for its new cathode active materials production plant in Schwarzheide, Germany, the company said in a press release on 13 November. The company began construction of the new plant in August. The Schwarzheide plant, which is expected to create around 150 new jobs, is scheduled ...
    17-Nov-2020 News Investments
    Denso invests in EV mobility services startup Envoy Technologies
    Denso has invested in Envoy Technologies, an electric vehicle (EV) startup based in California, US, according to a company press release on 13 November 2020. Envoy's Mobility as an Amenity™ service is a turn-key solution that includes technology to reserve and access vehicles, driver insurance,...
    17-Nov-2020 News Investments
    Germany’s Max Planck Institute receives USD7.6 million grant for development of efficient battery
    The Max Planck Institute of Colloids and Interfaces in Potsdam, Germany, has being awarded a grant of EUR6.5 million (approximately USD7.6 million) from the European Research Council (ERC). According to a press release from the Max Planck Institute dated 5 November, the grant has been awarded to the...
    16-Nov-2020 News Investments
    Denso invests Lambda:4 to strengthen safety and security of digital key
    Denso has invested in Lambda:4, a Germany-based company that develops wireless positioning technologies for short-range applications using Bluetooth Low Energy (BLE) communication technology, the company said in a press release on 12 November. The strategic investment is expected to strengthen Denso...
    13-Nov-2020 News Investments
    Hella expands electronics plant in Lithuania
    Germany-based Lighting and electronic solutions supplier Hella is further expanding its electronics plant in Lithuania. According to a company press release on 11 November 2020, the company is plans to invest a medium double-digit million euro amount in the long-term expansion of its production capa...
    12-Nov-2020 News Investments
    Ford to build all-electric E-Transit at Kansas City Assembly Plant in US
    Ford is planning to build its E-Transit all-electric van at the Kansas City Assembly Plant in the United States, the company announced in a press release on 10 November. Ford will invest USD100 million in the Kansas plant and will add 150 full-time jobs to begin the production of  the E-Transit...
    11-Nov-2020 News Investments
    Volkswagen breaks ground on new EV battery testing lab in US
    Volkswagen has broken ground on a new electric vehicle (EV) battery testing laboratory at its Chattanooga Engineering and Planning Center in the United States, the company announced in a press release on 10 November. The automaker has invested around USD22 million in the facility, which will test an...
    11-Nov-2020 News Investments
    Toyota Industries Compressor Parts America to expand Georgia facility
    Toyota Industries Compressor Parts America (TICA) will expand its Pendergrass, Georgia, production facility to meet growing demand for its onboard power electronics, according to a press release on the official website of Georgia Department of Economic Development on 27 October. The company will inv...
    10-Nov-2020 News Investments
    UK Battery Industrialisation Centre to start operations before year-end
    The United Kingdom Battery Industrialisation Centre (UKBIC) is set to start operations before the end of 2020, UKBIC announced in a press release on 5 November. Most of the equipment will be commissioned by the end of 2020. The UKBIC is also planning to increase the number of employees to 100, up fr...
    09-Nov-2020 News Investments
    General Motors-LG Chem JV to create 1,110 new jobs in US
    Ultium Cells LLC, the joint venture (JV) between General Motors (GM) and LG Chem, is planning to create more than 1,100 new jobs in Northeast Ohio, the United States, General Motors announced in a press release on 5 November. “We are excited to share our vision of an all-electric future as we begi...
    06-Nov-2020 News Investments
    Valmet Automotive expands battery production capacity at Finland plant
    Valmet Automotive has expanded its battery production capacity at its plant in Salo, Finland, the company announced in a press release on 4 November. The construction work has already started and will be completed during the summer of 2021. “Battery systems are the most significant growth area for...
    05-Nov-2020 News Investments
    Doosan to expand production capacity of copper foil for batteries at Hungary plant
    Doosan has decided to expand its production capacity for copper foil for batteries by adding a second plant in Hungary. Evertiq reported on 2 November citing Hungarian Investment Promotion Agency. Doosan is expected to invest EUR205 million (USD238.6 million) in the new facility, which will more tha...
    05-Nov-2020 News Investments
    Nidec to open new electric motor plant in Serbia
    Nidec is planning to open a new electric motor plant and a research center in Serbia, Nikkei Asian Review reported on 2 November. According to the report, Nidec is currently in talks with local authorities for the new plant. The company is planning to invest close to JPY200 billion (USD1.9 billion) ...
    04-Nov-2020 News Investments
    Vodafone to build private 5G network at HORIBA MIRA’s headquarters in UK
    HORIBA MIRA has partnered with Vodafone to bring next-generation 5G network at its headquarters in Nuneaton, UK, the company said in a press release on 2 November. As part of the partnership, Vodafone will build and deploy a 4G and 5G mobile private network at HORIBA MIRA’s headquarters. Vodafo...
    04-Nov-2020 News Investments
    Volvo Cars opens new EV electric motor lab in China
    Volvo Cars has opened a new electric motor laboratory in Shanghai, China, to design and develop motors in-house, the company announced in a press release on 2 November. It will mainly focus on electric motor development for use in fully electric and hybrid cars based on Volvo Cars’ forthcomin...
    03-Nov-2020 News Investments
    TU Graz and AVL to set up battery safety center in Austria
    TU Graz and AVL will open a new battery safety center at the Graz University of Technology in Austria, TU Graz announced in a press release on 16 October. The aim of the Battery Safety Center Graz is to guide batteries for electric vehicles (EVs), specifically to their load limits and to generate va...
    30-Oct-2020 News Investments
    Benteler expands Schwandorf plant in Germany to produce battery trays
    Benteler has announced plans to expand its Schwandorf plant in Germany to produce battery trays for electric vehicles (EVs), a press release said on 28 October 2020. The company is expanding production area of the Schwandorf plant, which is part of the company’s Automotive Division, by approximate...
    30-Oct-2020 News Investments
    Dana invests in Pi Innovo to reinforce e-propulsion systems portfolio
    American powertrain components supplier, Dana Incorporated, has announced that it has acquired a non-controlling stake in Pi Innovo LLC. According to a press release issued by Dana on 28 October, Pi Innovo supplies software solutions and electronics control units for the light vehicle, commercial ve...
    29-Oct-2020 News Investments
    TÜV Rheinland partners with ConAC to set up new EV battery testing lab
    TÜV Rheinland has partnered with ConAC to set up a new electric vehicle (EV) battery testing laboratory in Germany, the company announced in a press release on 27 October. The laboratory will focus on regulatory and manufacturer-specific testing of traction batteries for battery-electric vehicles (...
    28-Oct-2020 News Investments
    Autonomous driving startup Applied Intuition raises USD125 million in Series C round
    Applied Intuition has raised USD125 million in Series C financing round, the US-based startup said in blog on 22 October. The financing round was fully funded by Applied Intuition’s existing investors Lux Capital, Andreesen Horowitz, and General Catalyst. Earlier, Lux Capital and General Catalysts...
    28-Oct-2020 News Investments
    Continental picks minority stake in lidar startup AEye
    Continental has invested in AEye to pick a minority equity stake, the company said in a press release on 27 October. AEye, a US-based startup, has developed a long-range lidar technology that combines an amplifiable 1,550-mm laser with microelectromechanical system (MEMS) scanner. The lidar can...
    28-Oct-2020 News Investments
    ZF establishes new automotive electronics plant in Poland to begin production of S-Cam4.8 cameras
    ZF has established a new plant in Częstochowa, Poland, to produce automotive electronic components for light vehicles, the company said in a press release on 26 October. The 12,000-square-meter plant is located on a 69,000-square-meter plot of land in the Katowice Special Economic Zone in Częstoch...
    27-Oct-2020 News Investments
    GEM Group to invest USD17.7 million in EV Charge Holding for over three-year period
    GEM will invest up to EUR15 million (USD17.7 million) in EV Charge for over three years following the date of listing of the company's common shares on an accredited international stock exchange, according to a press release by EV Charge on 23 October. EV Charge Holding Limited (EV Charge), ...
    27-Oct-2020 News Investments
    Tata Steel to produce steel tubes in the Netherlands for car suspension parts
    Tata Steel produces steel tubes for car suspension parts in the Netherlands. According to a company press release on 16 October, Tata Steel’s tubes operation in Zwijndrecht, Netherlands, has installed custom-made and fully automated equipment designed to produce steel tubes for car suspe...
    27-Oct-2020 News Investments
    Fisker to set up European headquarters in Munich, Germany
    US-based electric vehicle (EV) startup Fisker Inc. will set up its European headquarters in Munich, Germany, according to a press release on 26 October. The European headquarters will be called Matrix. “The substantial vehicle order agreed with Viggo in Denmark demonstrates our growth potential...
    27-Oct-2020 News Investments
    LG Chem plans to triple production capacity for cylindrical battery cells
    LG Chem is planning to triple its production capacity for cylindrical battery cells to cater to growing demand, Reuters reported on 21 October citing the company. LG Chem is expected to expand production capacities in Europe and North America. However, further details about the expansion were not sh...
    23-Oct-2020 News Investments
    Johnson Matthey to build fuel cell component plant in Shanghai, China
    In a press release dated 21 October, Johnson Matthey announced that it open a new fuel cell component manufacturing facility in Shanghai, China. The company is investing GBP7.5 million (USD9.7 million) in the new plant. The facility is now complete, with commissioning now in progress. Johnson Matthe...
    22-Oct-2020 News Investments
    Blackstone Resources to build EV battery cell production plant in Germany
    Blackstone Resources has selected Germany as the location of its battery cell production facilities, according to a company press release on 19 October 2020. Blackstone Technology GmbH will commence operations at industrial park Am Fuchsbau, located in Saxony, Germany, in the town of Döbeln from 1 ...
    22-Oct-2020 News Investments
    BMW to invest USD177.8 million at Germany’s Rogensburg plant to produce battery cells for EVs
    BMW is further expanding its Germany-based production capacities for electric drives. According to a company press release on 21 October, the automaker is investing over EUR150 million (USD177.8 million) in its Regensburg site in Germany to supply the growing number of electrified BMW Group vehicles...
    22-Oct-2020 News Investments
    Dräxlmaier announces expansion of Vilsbiburg technology center in Germany
    Dräxlmaier broke ground on expansion of its Vilsbiburg technology center in Germany, according to a company press release on 16 October. The construction work began on the site's largest building with an area of ​​over 15,000 square meters. Completion of the entire complex is planned for 2023. ...
    21-Oct-2020 News Investments
    IAC to invest USD55.9 million to expand two facilities in Alabama, US
    International Automotive Components Group North America Inc. (IAC) has announced plans to invest over USD55.9 million in expansion projects in Alabama, US, according to an official press release on the website of Alabama Department of Commerce on 19 October. The investment is likely to create 182 jo...
    21-Oct-2020 News Investments
    GM plans USD2 billion investment in transitioning Spring Hill plant in US to build EVs
    General Motors announced today that its Spring Hill, Tennessee, assembly plant will begin the transition to become the company’s third vehicle manufacturing site to produce electric vehicles (EVs). According to a press release issued by GM on 20 October, this facility will join the company’...
    21-Oct-2020 News Investments
    Tesla mulls setting up EV battery plant in Indonesia
    Tesla is mulling setting up an electric vehicle (EV) battery plant in the integrated industrial area of ​​Batang, Central Java in Indonesia, CNBC Indonesia reported on 19 October, citing Minister of Industry Agus Gumiwang. According to the report, the discussion process between Tesla and the gov...
    20-Oct-2020 News Investments
    Startup VisIC Technologies raises funding to support growing EV market
    Israel-based VisIC Technologies has raised a Series E financing round with participation from MediaTek, the start-up said in a press release on 19 October. The funds will help the company expand its electrical vehicles (EVs) high power systems portfolio. “This round of financing will help us to...
    20-Oct-2020 News Investments
    Startup Grinntech to set up EV battery plant in Tamil Nadu, India
    Electric vehicle (EV) battery startup Grinntech is planning to set up an EV battery plant in Tamil Nadu, India, The Hindu BusinessLine reported on 14 October. The company has signed a memorandum of understanding (MOU) with the Tamil Nadu government. Grinntech is expected to invest INR1 billion (USD1...
    19-Oct-2020 News Investments
    Tesla to set up NEV innovation center in Chinese province Hainan
    American electric vehicle (EV) manufacturer Tesla has signed a contract to establish a new energy vehicle (NEV) innovation center in Chinese province Hainan, China News Service reported on 13 October. Tesla has signed an agreement with Hainan Internet Industry Innovation Park Fuxingcheng to build a ...
    19-Oct-2020 News Investments
    FCA to invest up to USD1.2 billion in Canada’s Windsor plant to build EVs
    Fiat Chrysler Automobiles (FCA) has committed to invest up to CAD1.5 billion (USD1.2 billion) at its Windsor assembly plant in Ontario, Canada, to build electric vehicles (EVs), after reaching a three-year tentative agreement with worker union Unifor on Thursday (15 October), the union said in a pre...
    16-Oct-2020 News Investments
    German government invests USD613 million in microelectronics
    The Federal Ministry for Economic Affairs and Energy (BMWi) has invested around EUR522 million (USD613 million) in research, development, and implementation of new technologies in microelectronics in Germany since 2019, it said in a press release on 13 October. As a part of the ‘Important Proje...
    15-Oct-2020 News Investments
    Recaro Automotive opens new seating facility in US
    Manufacturer of performance car seating Recaro Automotive has opened a new North American facility ‘RECARO Automotive HQ’ in Clinton Township, Michigan, according to a company press release on 7 October 2020. “We are thrilled to announce the opening of our Recaro North American facility and...
    15-Oct-2020 News Investments
    Henkel invests in US-based materials startup actnano
    Henkel has invested in a United States-based materials startup actnano, Henkel announced in a press release on 13 October. actnano specializes in tailored conformal coatings technology for the protection of printed circuit boards in a variety of applications in electronics segments, including for au...
    14-Oct-2020 News Investments
    Dräxlmaier breaks ground on high-voltage battery systems plant in Germany
    Dräxlmaier broke ground on a new plant in Leipzig, Germany, for high-voltage battery systems, according to a company press release on 12 October. The new location will produce these systems for a premium SUV that will be manufactured in the future. An advanced production plant is also being built a...
    14-Oct-2020 News Investments
    Hyundai Motor Group begins construction of new innovation center in Singapore
    Hyundai Motor Group (HMG), the parent company of South Korea-based Hyundai Motor and Kia Motors, held a virtual groundbreaking ceremony to begin construction of new innovation center in Singapore, HMG said in a press release on 13 October. The new 44,000-square-meter center named, the Hyundai Motor ...
    13-Oct-2020 News Investments
    Elkem raises USD1 million financial aid from Enova for battery materials plant in Norway
    Elkem has received NOK10 million (approximately USD1.09 million) in financial support from Enova, which is owned by the Norwegian Ministry of Climate and Environment, to fund the initial planning of Northern Recharge, a potential-large scale battery materials plant in Norway. According to a press...
    13-Oct-2020 News Investments
    Hyundai Oilbank to operate 200 EV charging stations in South Korea by 2023
    Hyundai Oilbank has announced plans to rapidly expand its electric vehicle (EV) charging station network in South Korea to 200 by 2023 from 20 currently, The Korea Herald reported on 8 October. The South Korean petroleum and refinery company entered a strategic partnership with Charzin, a specialist...
    12-Oct-2020 News Investments
    Covestro opens new production line for polycarbonate films at Map Ta Phut plant in Thailand
    Covestro has added a new production line for polycarbonate films at its plant in Map Ta Phut Industrial Estate, Thailand, the company announced in a press release on 7 October. Covestro has invested more than EUR100 million in the expansion, which is expected to add 100 new jobs. “With this add...
    12-Oct-2020 News Investments
    SEAT starts work on automotive battery lab in Spain
    SEAT has started construction work on its automotive battery lab Test Center Energy (TCE) at the SEAT plant in Martorell, Spain, the company announced in a press release on 7 October. SEAT said that it will invest EUR7 million (USD8.2 million) in the new battery lab. The center will develop and...
    09-Oct-2020 News Investments
    Infineon completes construction of new R&D building in Austria
    Infineon has announced the completion of its new research and development (R&D) building in Austria, according to a company press release on 7 October. The building has a total of around 600 workplaces for R&D and around 3,800-square-meters of laboratory and measurement engineering space. Th...
    09-Oct-2020 News Investments
    MAHLE establishes global development center for mechatronics in Germany
    German automotive components supplier, MAHLE, has announced that that it has set up a global development center for mechatronics in Kornwestheim, near Stuttgart, Germany. In a press release issued by MAHLE on 8 October, the company stated that it has invested mid-double-digit millions to set up the ...
    09-Oct-2020 News Investments
    Hyundai Mobis invests in UK-based AR HUD startup Envisics
    Hyundai Mobis has made a significant investment in a UK-based startup Envisics, which specializes in augmented reality head-up display (AR HUD), according to a press release on 7 October 2020. The company invested USD25 million in Envisics, according to a report by The Korea Herald. AR HUD is a next...
    08-Oct-2020 News Investments
    Audi opens first Software Development Center in Ingolstadt, Germany
    Audi has opened its first ‘Software Development Center’ (SDC) in Ingolstadt, Germany, the automaker announced in a press release on 6 October. Audi’s SDC will focus on developing smart, scalable, customer-centric, and secure IT solutions in-house. “Thanks to the Software Development Cente...
    07-Oct-2020 News Investments
    Faurecia inaugurates center for hydrogen storage systems in France
    Faurecia has inaugurated its global center of expertise for hydrogen storage systems in Bavans, France, according to a company press release on 6 October. The company has invested EUR25 million (USD29 million) in the center, which aims to develop lightweight and cost-competitive hydrogen storage sys...
    07-Oct-2020 News Investments
    GAC sets up new unit to develop graphene EV battery technology
    Chinese automaker GAC Group has set up a unit ‘Guangzhou Juwan Technology Research’ with a registered capital of CNY58.8 million (USD8.6 million) to develop graphene for electric vehicle (EV) batteries, Yicai Global reported on 10 September. The unit specializes in new materials and technologies...
    02-Oct-2020 News Investments
    Volkswagen, partners to jointly invest over USD17 billion towards e-mobility in China by 2024
    Volkswagen and its joint venture (JV) partners are planning to jointly invest EUR15 billions (USD17.4 billion) towards electric mobility in China by 2024, Reuters reported on 28 September citing the German automaker. According to the report, Volkswagen and the JV partners will launch 15 plug-in elec...
    29-Sep-2020 News Investments
    General Motors to invest USD71 million in two US plants
    General Motors (GM) has announced plans to invest USD71 million into two Ohio manufacturing facilities in the United States, according to a company press release on 28 September. The investment includes USD39 million for its Toledo transmission plant and USD32 million for its Defiance casting plant....
    29-Sep-2020 News Investments
    Sekisui Polymatech starts production of thermal interface materials for EV in the Netherlands
    Sekisui Polymatech Europe B.V. has started production of thermal interface materials in the Netherlands for automakers, battery manufacturers, and producers of powertrains and chassis components, the company announced in a press release on 23 September. Thermal interface materials are inserted betwe...
    29-Sep-2020 News Investments
    Ford to invest USD1.35 billion in Canada to manufacture BEVs
    American car maker Ford has announced that it plans to invest CAD1.8 billion (approximately USD1.35 billion) in Canada to build fully battery electric vehicles (BEVs). According to a press release issued by Ford on 29 September, this investment is part of a new globally competitive national labor ag...
    29-Sep-2020 News Investments
    FEV opens high-voltage battery development center in Germany
    FEV has opened a new high-voltage battery development center (eDLP) in Germany, the company announced in a press release on 25 September. The center has the capability for performance and electrical tests, as well as tests on environmental and mechanical impacts and abuse tests for battery cell...
    28-Sep-2020 News Investments
    Sumitomo Chemicals to set up new polypropylene compounds plant in mainland China
    Sumitomo Chemical is setting up a new polypropylene (PP) compound plant in Wuxi, Jiangsu Province, in mainland China, the company announced in a press release on 15 September. The new plant is scheduled to start operating at the beginning of 2021. “Setting up the Wuxi Plant as our fifth produ...
    25-Sep-2020 News Investments
    Mullen Technologies to start construction of pilot EV plant in US
    Mullen Technologies has announced plans to begin construction of a pilot electric vehicle (EV) facility in Monrovia, California, the company said in a press release on 24 September. The company will transform its high-voltage battery research and development (R&D) facility in Monrovia into ...
    25-Sep-2020 News Investments
    Autonomous startup Aurora Innovation expands team in Pittsburgh, US
    Aurora Innovation is expanding its team in Pittsburgh, Pennsylvania, the United States, the company announced on a blog on Medium on 17 September. The company has taken over a new office space at 1600 Smallman Street in the vibrant Strip District. The new office, with more than 100,000 square f...
    25-Sep-2020 News Investments
    Li-Cycle to set up lithium-ion battery recycling hub in New York
    Li-Cycle Corp., a Canada-based lithium-ion (Li-ion) battery resource recovery company, will establish its first commercial Li-ion battery recycling Hub at Eastman Business Park (EBP) in Rochester, New York in the United States, according to a company press release on 23 September. To this end, the c...
    25-Sep-2020 News Investments
    Fisker to set up new technology center in US
    EV startup Fisker Inc. will set up its new technology center in the Mission District of San Francisco in the United States, according to a company press release on 24 September 2020. This facility will be the focal point and development center for the company's software and vehicle electronics, incl...
    25-Sep-2020 News Investments
    BMW to start battery module production at Leipzig plant in Germany from 2021
    BMW is further expanding its production capacities for electric drives in Germany. According to a company press release on 23 September, the automaker’s Leipzig plant in Germany is expected to start large-series production of battery modules as early as in mid-2021. These battery modules will be u...
    24-Sep-2020 News Investments
    Automotive software startup Aurora Labs raises USD23 million in Series B funding
    Israeli startup Aurora Labs has raised USD23 million in Series B funding, it said in a press release on 22 September. The round was jointly led by LG Technology Ventures and Marius Nacht, cofounder of Check Point Software Technologies. Porsche SE, Toyota Tsusho, UL Ventures, and existing investors p...
    23-Sep-2020 News Investments
    SKF invests USD61.5 million to reinforce operations in North America
    Sweden-based automotive components supplier, SKF, has announced that it will be investing SEK550 million (approximately USD61.5 million) to strengthen its North American operations. According to a press release issued by SKF on 22 September, the company stated that this investment will also be ...
    23-Sep-2020 News Investments
    CATL invests USD6.4 million in Neo Lithium for lithium mining project in Argentina
    Mainland Chinese battery maker Contemporary Amperex Technology (CATL) has invested CAD8.5 million (USD6.4 million) in Neo Lithium for its ‘3Q’ lithium mining project in Argentina, Neo Lithium announced in a press release on 14 September. CATL will receive 10,217,502 common shares, representing 8...
    22-Sep-2020 News Investments
    Ford commences F-150 production, invests USD700 million in Rouge Complex in US
    American carmaker Ford has announced the start of production of the newest version of its pickup truck, the F-150. According to a press release issued by Ford on 17 September, manufacturing of this vehicle will happen at the Dearborn-based Rouge Center. This new vehicle is scheduled to go on sale in...
    18-Sep-2020 News Investments
    Toyo Tire to invest USD429 million in Serbian factory by end-2023
    Japanese tiremaker Toyo Tire Corporation announced plans to invest EUR364 million (USD429 million) in a new tire factory in Serbia by the end of 2023, according to a report by SeeNews on 17 September citing the Indjija city government. The company has already acquired a land plot of 63 hectares in t...
    18-Sep-2020 News Investments
    Infineon to invest USD786.4 million in Malaysia over 10 years
    German semiconductor company Infineon Technologies has pledged to invest RM3.25 billion (USD786.4 million) in Malaysia over the next 10 years, the New Straits Times reported on 14 September. New Straits Times quoted Malaysian Prime Minister Tan Sri Muhyiddin Yassin during his visit to Infineon's pla...
    17-Sep-2020 News Investments
    China’s Envision Group considers building EV battery plant in France
    China-based Ensivision Group is mulling setting up an electric vehicle (EV) battery plant in France, Reuters reported on 13 September citing French newspaper Journal du Dimanche (JDD). The company is reportedly planning to invest  hundreds of million of euros in the plant, which is expected to ...
    15-Sep-2020 News Investments
    BMW Brilliance Automotive expands production capacity for batteries in China
    BMW Brilliance Automotive (BBA), the mainland China-based joint venture (JV) between BMW and Brilliance Auto, has expanded its battery factory at the Tiexi location, China, with a new battery center, BMW announced in a press release on 14 September. The new center will immediately start  produc...
    15-Sep-2020 News Investments
    Dana to open e-drive components facility in Pune, India, this year
    American automotive powertrain components supplier Dana has announced that it will open a new manufacturing facility for e-drive components in the city of Pune in India. According to a press release issued by Dana on 10 September, the company stated that the 4,600-square-meter (approximate...
    11-Sep-2020 News Investments
    Grupo Antolin opens new innovation center in mainland China
    Grupo Antolin has opened a new innovation center in Shanghai, mainland China, the Spanish supplier said in a press release on 10 September. The innovation center houses the new Antolin headquarters in mainland China, bringing together all the corporate departments and the engineering and technologic...
    11-Sep-2020 News Investments
    HELLA establishes ‘Global Software House’ to align software activities across the company
    HELLA has established a new ‘Global Software House’ to further expand its global software competencies, Germany-based lighting and electronics expert said in a press release on 9 September 2020. The Global Software House is managed by the Berlin subsidiary and software specialist HELLA Aglaia. T...
    10-Sep-2020 News Investments
    INVESTMENT: Dongwha to build new unit in Hungary to produce battery electrolyte
    South Korean materials company Dongwha will set up a new plant for producing battery electrolyte in Sóskút, Hungary, the Hungarian Investment Promotion Agency reported on 3 September. Dongwha will also set up another unit for N-methyl-2-pyrrolidone (NMP) solvent recycling in the country. The compa...
    07-Sep-2020 News Investments
    INVESTMENT: Hitachi sets up new subsidiary for EV motor business in US
    Hitachi Automotive Electric Motor Systems has established a new subsidiary Hitachi Automotive Electric Motor Systems America for manufacturing electric vehicle (EV) motors in the United States, the company announced in a press release on 4 September. The new company will utilize the existing office ...
    07-Sep-2020 News Investments
    Singapore-based SP Group invests in EV charging company The Mobility House (TMH)
    Energy utility company SP Group has announced a strategic investment in The Mobility House AG (TMH) to explore smart charging and vehicle-to-grid (V2G) feasibility in Singapore, TMH said in a press release on 3 September. “V2G is the basis for the energy world of the future—and thanks to our ...
    07-Sep-2020 News Investments
    FREYR signs MOU to set up battery cell plant in Norway
    Battery maker FREYR has signed a memorandum of understanding (MOU) with Norway for setting up a lithium-ion battery cell facility in Mo Industrial Park (MIP), the company announced in a press release on 28 August. The construction of the 2-gigawatt-hours (GWh) fast-track production facility is expec...
    04-Sep-2020 News Investments
    INVESTMENT: Interior and exterior modules supplier SMP plans to open new plant in Serbia
    German car parts manufacturer Samvardhana Motherson Peguform (SMP), a member of Motherson Group, plans to open a new plant in the Dobricevo industrial zone of Cuprija, in central Serbia, the Cuprija city government said in a press release on 28 August. The plant will be built on a 44-hectare land pl...
    03-Sep-2020 News Investments
    EV battery startup Grinntech raises USD2 million in funding
    India-based lithium-ion (Li-ion) battery startup, Grinntech, has raised USD2 million in funding. According to a report filed by business news publication Business Line on 27 August, Grinntech, which is a seven-year-old startup established in Chennai, India, has secured this funding from four new inv...
    03-Sep-2020 News Investments
    INVESTMENT: Exide raises stake in EV battery JV with Leclanche in India
    Exide Industries has raised its stake in Exide Leclanche Energy Private Limited. Its electric vehicle (EV) battery joint venture (JV) with Leclanche in India, the company announced in a regulatory filing on Bombay Stock Exchange (BSE) on 31 August. Exide has invested INR331.7 million (USD4.5 million...
    02-Sep-2020 News Investments
    Sompo Holdings to invest USD92 million in autonomous driving software startup Tier IV
    Japanese insurance company Sompo Holdings will invest JPY9.8 billion (USD92 million) for an 18% stake in autonomous vehicle startup Tier IV, according to a report by Nikkei Asian Review on 27 August. Significance: This deal is expected to bring new avenues for the shrinking domestic insurance mar...
    01-Sep-2020 News Investments
    Hyundai Mobis to expand EV parts plant in South Korea
    Hyundai Mobis is building a new plant for electric vehicle (EV) components in Pyeongtaek, Gyeonggi-do, Korea, according to company press release on 26 August. Hyundai Mobis is investing KRW35.5 billion (USD30 million) in new plant, which is located in Poseung District (BIX) in Pyeongtaek spans acros...
    01-Sep-2020 News Investments
    SEAT opens new electromobility learning center in Spain
    Spanish automaker SEAT has announced the opening of its new electromobility learning center in order to provide a complete training program on electric vehicles (EVs) for its entire workforce. According to a press release issued by SEAT on 28 August, this new training center will be located wit...
    01-Sep-2020 News Investments
    Detroit Manufacturing Systems announces plan to expand plant in the US
    Detroit Manufacturing Systems (DMS) has announced plans to expand its Detroit plant in the United States, according to a press release on the official website of Michigan Economic Development Corporation on 25 August. To this end, the company intends to invest USD31.9 million in the plant, which is ...
    27-Aug-2020 News Investments
    DURA Automotive to open new plant in US to produce EV battery trays
    Michigan-based DURA Automotive Systems has announced plans to invest USD59 million to open a new manufacturing facility in Muscle Shoals in the US State Alabama to produce battery trays for electric vehicles (EVs), according to a press release on Alabama Department of Commerce’s Made in Alabama we...
    27-Aug-2020 News Investments
    Kandi Technologies considers plan to set up EV manufacturing facility in US
    Kandi Technologies Group, Inc. has announced that the company is actively exploring the possibility of opening a manufacturing base in North America for its EVs and off-road vehicles, the company said in a press release on 20 August 2020. Kandi informed that the “exploration process is in its...
    26-Aug-2020 News Investments
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