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    Venture capital units of JLR, Volvo Group, and HELLA invest in autonomous software specialist ApexAI
    The venture capital arms of Volvo, HELLA, and Jaguar Land Rover (JLR) have invested in autonomous software specialist ApexAI, Volvo and JLR said in separate press releases on 5 December. New investors in ApexAI include Volvo Group Venture Capital AB, JLR’s venture capital arm InMotion Ventures, an...
    BASF to double production capacity of automotive refinish coatings at its Chinese plant
    BASF will construct a new facility for automotive refinish coatings in Jiangmen, Guangdong Province, in South China to enhance production capacity in the country, the company said in a press release on 5 December 2019. The new site is scheduled to start production in the first half of 2022. ...
    06-Dec-2019 News Investments
    Mercedes-Benz commences battery production in Thailand
    Mercedes-Benz has started production of batteries for plug-in hybrid vehicles (PHEV) at its Bangkok plant in Thailand, the company announced in a press release on 4 December. Mercedes-Benz and its local partners, Thonburi Automotive Assembly Plant (TAAP) and Thonburi Energy Storage Systems (TESM), h...
    05-Dec-2019 News Investments
    Bosch starts construction of new fuel-cell center in China
    Bosch broke ground on a fuel cell center in Wuxi, China, the German supplier said in a press release on 2 December. The new center paves the way for technological breakthroughs in fuel cell application in both commercial vehicles and passenger cars. The center in Wuxi will be engaged mainly in ...
    SK Innovation mulls setting up second EV battery plant in China
    South Korean battery maker SK Innovation is planning to set up a new electric vehicle (EV) battery plant  in Yancheng, China, reports news website BusinessKorea. SK Innovation is investing USD1.05 billion in the new plant. According to the report, most of the batteries manufactured at the new&n...
    04-Dec-2019 News Investments
    Silicon Mobility opens Japan unit
    Silicon Mobility has opened a subsidiary in Tokyo, Japan, to provide system integration expertise and support for local customers, the company said in a press release on 29 November. “Japan is one of our lead markets. Our customers need dedicated local expertise to accelerate their system devel...
    03-Dec-2019 News Investments
    BMW invests USD443 million to upgrade Dingolfing facility in Germany
    German auto maker BMW has announced its decision to invest approximately EUR400 million (nearly USD443 million) in its vehicle manufacturing facility located in Dingolfing, Germany. According to a press release dated 2nd December, the investment is to upgrade the plant ahead of the company’s produ...
    03-Dec-2019 News Investments
    Bentley commences work on new engineering test centre in Crewe, UK
    British luxury car maker Bentley has announced that the company has begun work on its all-new engineering center in the United Kingdom, according to a press statement issued on 2nd December. This new facility is located at the company’s headquarters in Crewe, and is being constructed due to&n...
    03-Dec-2019 News Investments
    HORIBA FuelCon to expand plant in Germany
    HORIBA FuelCon is planning to expand its plant in Technologiepark Ostfalen in Germany, Invest in Saxony-Anhalt announced in a press release on 26 November. The company will add a new building which is scheduled to be inaugurated at the end of 2021 and will create around 250 new jobs. Under the proje...
    03-Dec-2019 News Investments
    Audi to spend USD13.2 billion on electromobility by 2024
    Audi has accelerated its investment plans and is now planning to invest EUR12 billion (USD13.2 billion) in electromobility between 2020 and 2024, the company announced in a press release on 29 November. In total, Audi has announced EUR37 billion in investments towards research and development (R&...
    02-Dec-2019 News Investments
    BMW and Great Wall Motors officially inaugurate JV for manufacturing electric models from MINI
    BMW and Great Wall Motors (GWM) have officially inaugurated their new joint venture (JV) ‘Spotlight Automotive Limited’ to manufacture electric models from MINI brand, BMW announced in a press release on 29 November. The 50:50 JV will set up a new plant with standard capacity of 160,000 vehicles...
    02-Dec-2019 News Investments
    EVBox opens upgraded EV charger plant in France
    EVBox has reopened its upgraded electric vehicle (EV) charger manufacturing plant in Bordeaux, France. With the renovated facility, EVBox will be able to increase production of its fast and ultrafast chargers up to 450 units per month by 2020 and add 80 to 100 jobs. "Our industry is gro...
    29-Nov-2019 News Investments
    Yanfeng Automotive Interiors opens new plant in Serbia
    Yanfeng Automotive Interiors (YFAI), a major supplier of automotive interiors, has opened opening a new plant in the Šumadija district in Serbia, according to a company press release on 28 November. The new plant is expected to create 800 jobs over the next few years. “With this new plant in S...
    Solvay to double its Solef PVDF capacity in China
    Solvay announced plans to double its production capacity of the high-performance polyvinylidene fluoride (PVDF) polymer Solef® at its production site in Changshu, China, according to a company press release on 26 November 2019. The company expects the new production site to come onstream by the fir...
    29-Nov-2019 News Investments
    Hyundai to set up new manufacturing facility in Indonesia
    South Korean automotive manufacturer Hyundai Motor Company has announced its plans to set up its first ever production facility in Indonesia, according to a press statement issued on November 26th. The company entered into a memorandum of understanding (MoU) with the government of Indonesia to build...
    28-Nov-2019 News Investments
    ZF to open third R&D facility in China at Guangzhou by 2023
    German automotive components maker, ZF Friedrichshafen AG, has announced its plan to open a new research and development center in the Chinese city of Guangzhou. According to a press release issued on 27th November, this facility will be the company’s third R&D center in China, and it is ...
    28-Nov-2019 News Investments
    Nippon Light Metal Georgia starts building new plant in US
    Nippon Light Metal North America, Inc. (NLMNA), a wholly owned subsidiary of Nippon Light Metal Co Ltd, and ITOCHU Metals Corporation, have signed an agreement to establish a joint venture (JV) company in the United States to develop and manufacture aluminum components for vehicles, according t...
    BASF launches smart Verbund investment project in China
    BASF has launched its smart Verbund project in Zhanjiang, Guangdong province, China, under which BASF is investing USD10 billion in China, the company announced in a press release on 23 November. As part of the project, BASF has commenced building a new plant to produce engineering plastics and...
    26-Nov-2019 News Investments
    Group14 raises USD18 million funding for silicon-carbon composite anode material
    Group14 Technologies has raised USD18 million from Amperex Technologies, Showa Denko, Cabot Corp, BASF Venture Capital and OVP Venture Partners, the company said in a press release on 21 November. The funds will be used by the company to scale up manufacturing and commercial production of a new-gen ...
    26-Nov-2019 News Investments
    BMW invests over USD220 million in Austrian diesel engine development centre
    The BMW Group has announced that in 2019 alone, it will be investing over EUR200 million (more than USD220 million) in new diesel engines and test stands for the company’s electric drives at the engine development centre in Steyr, Austria. According to Fritz Steinparzer, the Head of diesel engi...
    22-Nov-2019 News Investments
    GM and Isuzu to invest USD175 million in new diesel engine components plant in the US
    In a press release issued on 21st November, American auto manufacturer General Motors (GM) stated that the company, along with Isuzu, would invest USD175 million in a new diesel engine components manufacturing facility. This new 251,000 sq. ft. plant will be located in Brookville, Ohio, and it will ...
    22-Nov-2019 News Investments
    PSA opens new assembly line for electrified powertrains at Trémery plant in France
    Groupe PSA (PSA) has inaugurated a new assembly line for manufacturing electrified powertrains, including electric motors, transmissions, and associated electronic equipment at its Trémery plant in France, the company announced in a press release on 20 November. Designed for flexibility, ...
    21-Nov-2019 News Investments
    Toyoda Gosei to enhance production capacity for interior and exterior products in US
    Toyoda Gosei Co., Ltd. has announced plans to increase production capacity for interior and exterior products at three production subsidiaries in the US to meet rising sales of large products such as radiator grilles in North America, according to a company press release on 21 November. To this...
    Cree, STMicroelectronics extend silicon carbide wafer supply agreement
    Cree and STMicroelectronics have jointly announced the expansion and extension of an existing multi-year, long-term silicon carbide (SiC) wafer supply agreement to more than USD500 million, according to a press release on 19 November. The extended agreement is a doubling in value of the orig...
    Wheels India plans to open cast aluminum plant in India during next fiscal
    Steel wheels manufacturer Wheels India has announced plans to open a new manufacturing unit to produce cast aluminum in the Indian state of Tamil Nadu, according to a report by ET Auto earlier this month. The company intends to invest INR1.4 billion (USD19 million) in the new plant. Significance:...
    20-Nov-2019 News Investments
    Tata Motors secures order for 500 electric vehicles from Lithium Urban Technologies
    Tata Motors and Lithium Urban Technologies announced their partnership in a press statement issued on 18 November. The companies will look into customized models to address mobility requirements of customers across the passenger, mass transit, and freight segments. The initial contract signed by ...
    Hyundai confirms USD410 million investment for Santa Cruz pickup production in the US
    Hyundai Motor Manufacturing Alabama (HMMA) announced in a press statement released on 13 November that the company would be investing USD410 million in expanding its production facility in Montgomery, Alabama, US. Hyundai intends to commence manufacturing of the Santa Cruz light pickup truck in...
    19-Nov-2019 News Investments
    Toyoda Gosei to increase weatherstrip production in China
    Japan-based Toyoda Gosei Co., Ltd. plans to increase production of weatherstrips (rubber parts for automotive doors and windows) at Hubei Toyoda Gosei Zheng Ao Rubber & Plastics Sealing Science and Technology Co., Ltd. (TG Zheng Ao) in China, according to a company press release on 15 November. ...
    BMW opens new battery cell competence center in Germany
    BMW has opened a new battery cell competence center in Germany, the company announced in a press  release on 14 November. BMW will use the center to advance battery cell technology and carefully dissect the production processes. The BMW Group is investing a total of EUR200 million in the Compet...
    18-Nov-2019 News Investments
    Volkswagen plans to invest EUR60 billion in e-mobility, hybridization, and digitalization over next five years
    Volkswagen (VW) is planning to invest EUR60 billion (USD66 billion) in e-mobility, hybridization, and digitalization over the next five years, the company announced in a press release on 15 November. Around EUR33 billion will be invested in electric mobility and the rest, EUR27 billion, in hybr...
    18-Nov-2019 News Investments
    Nexen Tire opens new technical center in the US
    South Korean tyre manufacturer Nexen Tire opened a new technical centre in the United States last week. The new USD5.2 million facility in Richfield, Ohio, covers an area of 35,540 ft2 and is expected to strengthen its position as an original equipment (OE) tyre supplier in the N...
    18-Nov-2019 News Investments
    Stanley Electric establishes production base for automotive lights in Philippines
    Stanley Electric has established a new production base for automotive lights in the Philippines, according to a company press release last month. The company announced the establishment of a production subsidiary in the Philippines following a series of talks with Germany-based HELLA, one of its bus...
    Ford partners with South African government to launch supplier industrial park in Pretoria
    Ford South Africa has partnered with national, provincial, and local governments to launch the Tshwane Automotive special economic zone (SEZ) in Pretoria, the company said in a press release last week. The Tshwane Automotive SEZ is located adjacent to Ford’s Silverton vehicle assembly plant. ...
    15-Nov-2019 News Investments
    Tata Motors inaugurates Advance Power Systems Engineering Tech Center in India
    Indian automaker Tata Motors inaugurated its Advance Power Systems Engineering Tech Center on 13 November. This facility is located at the Engineering Research Center (ERC) in Pune, India. This new technology center will be involved in engineering, testing, and developing powertrain solutions f...
    Volkswagen starts construction of new EV plant in US
    Volkswagen (VW) has broken ground on a new facility for manufacturing electric vehicles (EVs) at its Chattanooga plant in the US, the company announced in a press release on 13 November. The new manufacturing facility will start production in 2022 and will be VW's North American assembly base for EV...
    14-Nov-2019 News Investments
    Toyoda Gosei to expand airbag part production capacity in Vietnam
    Toyoda Gosei has announced plans to expand airbag part production capacity at its Thai Binh plant in Vietnam, the company said in a press release on 13 November. The planned expansion at the company’s Vietnamese subsidiary, Toyoda Gosei Haiphong (TGHP), will increase production capacity of the bag...
    14-Nov-2019 News Investments
    ZF inaugurates new facility in Vietnam to produce chassis modules
    German gearbox and chassis components manufacturer ZF has opened its newest production facility in the city of Hai Phong, Vietnam, according to a press release dated November 11th. This new EUR25 million (approximately USD28 million) plant will provide chassis module sets to Vietnamese automotive ma...
    SAIC Volkswagen starts pre-production in dedicated EV plant in China
    SAIC Volkswagen, a joint venture between Volkswagen Group (VW) and SAIC Motors, has completed construction of an all-new plant in Anting, China, the German automaker said in a press release on 8 November. The plant will exclusively produce electric vehicles built on VW’s Modular Electric Driv...
    11-Nov-2019 News Investments
    Marquardt opens second factory in China
    Marquardt has opened its second plant in China in Weihai City to produce automotive electronics products, the company said in a press release on 8 August 2019. The company invested EUR45 million in the new plant, which is expected to create 600 jobs over the next two and a half years. The new plant,...
    11-Nov-2019 News Investments
    JATCO commences manufacturing of CVT8 automatic transmission at new Chinese facility
    In a press release dated 8th November, Japanese transmissions manufacturer JATCO confirmed that it is commencing production operations of continuously variable transmissions (CVTs) at its new manufacturing facility located in the Economic and Technological Development Zone of Zhangjiagang city, Jian...
    Smart Radar System raises USD4 million in Series A funding
    Smart Radar System (SRS) has raised USD4 million in a Series A funding round, the company said on 28 October. The round was led by Kakao Ventures, while Hemi Ventures and Hyundai Investment Partners among others made the list. The Series A funding will be used for the development and co...
    08-Nov-2019 News Investments
    Porsche invests in Israeli start-up Tactile Mobility
    Porsche has made a minority investment in Tactile Mobility, the automaker said in a press release on 29 October. Union Tech Ventures and other existing investors will also participate in the investment round. Tactile Mobility plans to use the funds primarily to strengthen its development and ...
    05-Nov-2019 News Investments
    GM restarts production schedule after UAW strike ends
    General Motors (GM) employees returned to their normal work schedules on 28 October after the US automobile manufacturer resumed production operations. Many of the company’s employees had been on strike since 16 September, which came to a close on 25 October after American...
    Hyundai invests in three hydrogen technology companies
    Hyundai Motor has invested in three hydrogen technology companies – Impact Coatings, H2Pro and GRZ Technologies – to strengthen its leadership position in the global hydrogen fuel cell ecosystem, the company announced on 29 October. Impact Coatings has expertise in coating solutions fo...
    01-Nov-2019 News Investments
    Illuminated grill/logo and contour lighting outlook in lower segment vehicles
    Nowadays, an increasing number of automakers are using exterior lighting (other than headlamps and tail lamps, which are used for traditional lighting functions) such as contour lighting, logo and grill illumination as one of the ways to differentiate their vehicles on the road. However, such lighti...
    Brose to set up new plant for electric motors and drives in Serbia
    Brose is planning to open a new plant in Serbia to manufacture electric motors and drives, the company announced in a press release on 25 October. Brose will invest EUR180 millions (USD200 million) in the plant, which is expected to create 1,100 new jobs in production, development and administration...
    30-Oct-2019 News Investments
    CelLink raises USD22.5 million in Series B funding from Robert Bosch Venture Capital, Ford and BMW i-Ventures
    Robert Bosch Venture Capital (RBVC), Ford Motor Company and BMW i-Ventures have invested USD22.5 million as part of CelLink Corporation’s Series B funding round, the company announced in a press release on 29 October. The latest round of new funding will ramp up CelLink’s production...
    30-Oct-2019 News Investments
    Umicore opens new plant for fuel cell catalysts in South Korea
    Umicore has opened a new plant to manufacture fuel cell catalysts in SongDo Incheon City (Seoul area), South Korea, the company announced in a press release on 23 October. The facility will support the growth of Hyundai Motors Group as well as other automotive customers.  The company is plannin...
    29-Oct-2019 News Investments
    Hyundai Wia to invest USD180 million in new engine production facility in Russia
    The Hyundai Wia Corporation, one of the largest automotive components manufacturers in South Korea, has announced its plan to invest KRW210 billion (approximately USD180 million) to set up an all-new production facility in Saint Petersburg, Russia. According to a report by the Yonhap News Agency, th...
    Tesla begins trial production at new Gigafactory in Shanghai
    Tesla has commenced trial production of Model 3 electric car at its new Gigafactory Shanghai in China ahead of schedule, the company said in its third quarter earnings report on 23 October. According to Reuters, the US-based electric carmaker has been producing Model 3 at the new plant for the past ...
    25-Oct-2019 News Investments
    South Korea plans to roll out 86 hydrogen refueling stations by end of this year
    The Ministry of Trade, Industry and Energy (MOTIE) of South Korea announced on October 22nd that it would ensure that 310 hydrogen refuelling stations will be installed across the country by the year 2022, and that installations will commence without any delay, according to South Korean news agency ...
    25-Oct-2019 News Investments
    Faurecia expands Mexican plant to manufacture seats
    Faurecia has inaugurated its expanded seats plant—Faurecia Frames—in San Luis Potosí, Mexico, according to a report by Cluster Industrial on 23 October. The extension includes manufacturing technologies 4.0 for the manufacture of seats. Significance: The company opened the expanded plant thr...
    Visteon opens new technical center in Mexican city Queretaro
    Visteon has opened a new engineering center in Querétaro, Mexico, the company announced in a press release on 22 October. The Visteon Querétaro Technical Center (VTCQ) is responsible for developing advanced cockpit electronics products for automakers in North American such as Ford, Fiat Chrysler A...
    FCA to set up battery assembly complex in Italy
    FCA is planning to set up a new battery assembly complex in in Turin, Italy, the company announced in a press release on 22 October. The new "Battery Hub" will be located in the Mirafiori complex and preparations will begin in early 2020. FCA will invest around EUR50 million (USD55.7 million) in the...
    24-Oct-2019 News Investments
    Dura Automotive Systems obtains USD77 million for restructuring after filing Chapter 11 Bankruptcy petition
    Michigan-based automotive components manufacturer, Dura Automotive Systems, has secured a USD77 million debtor-in-possession financing commitment, according to a press statement issued by the company on October 17th. USD50 million of this amount will be new money and it will be used towards Dura Aut...
    FCA starts first tests on new Jeep Compass production line at Melfi Plant in Italy
    Fiat Chrysler Automobiles (FCA) has begun testing a new production line for the Jeep Compass SUV at its Melfi plant in Basilicata, Italy, according to a press release by Jeep last week. The plant is set to commence commercial production of the new Compass in the first quarter of 2020. This is expect...
    22-Oct-2019 News Investments
    Upstream Security raises USD30 million Series B funds from Renault, Volvo Group, Hyundai and others
    Upstream Security has secured Series B funds worth USD30 million from investors including major OEMs like Renault, Volvo Group, and Hyundai, the Israeli company said in a press release on 21 October.  The round was led by Renault Venture Capital and included Volvo Group Venture Capital, Hyundai...
    22-Oct-2019 News Investments
    CATL starts construction of lithium-ion battery plant in Germany
    Chinese battery maker Contemporary Amperex Technology (CATL) has broken ground on its new lithium-ion battery in Thuringia, Germany, the company announced in a press release on 18 October. The plant is expected to have 14GWh production capacity of batteries by 2022. CATL will create up to 2,000...
    21-Oct-2019 News Investments
    Tesla gets government approval to produce electric cars in China
    Tesla has received a permit from the Chinese government to produce electric cars in China, Reuters reported citing the country’s Ministry of Industry Information Technology. The US-based electric carmaker was added to a list of approved automotive manufacturers by the Chinese government. This incl...
    21-Oct-2019 News Investments
    AAM opens new manufacturing plant in Spain
    American Axle & Manufacturing (AAM) has opened a new manufacturing facility just outside Barcelona, in the industrial area of Viladecans, Spain, the company announced in a press release on 17 October. The 15,600-square-meter plant will produce damped gears for Ford, BMW, Miba, and PSA; PV b...
    18-Oct-2019 News Investments
    Hyundai Motor Group plans to invest USD35 billion in mobility and other automotive technologies by 2025
    Hyundai Motor Group (HMG), the parent company of Hyundai and Kia, plans to invest KRW41 trillion in mobility and other automotive technologies by 2025, Reuters reported on 15 October. The Korean automotive group will invest in autonomous, connected and electric cars as well as in technology for new ...
    17-Oct-2019 News Investments
    Mitsubishi Heavy Industries Thermal Systems to establish new plant in China to produce electric compressors
    Anticipating rapid growth in the Chinese market for electric vehicles (EVs) and other new energy vehicles (NEVs), Mitsubishi Heavy Industries Thermal Systems has announced its decision to open a new manufacturing facility in the city of Changshu, Jiangsu Province, China. The company provided this in...
    Johnson Matthey to establish new battery application centre in UK
    Johnson Matthey (JM) is planning to establish a new battery application center in Milton Park in the United Kingdom, the company announced in a press release on 15 October. The center will be used to develop tailored solutions for automotive applications. “Our site at Milton Park will be a...
    16-Oct-2019 News Investments
    AEPPL signs MoU to set up lithium-ion battery plant in Indian state Gujarat
    Automotive Electronics Power Private Ltd (AEPPL),  a joint venture (JV) between Japanese Toshiba Corporation, Denso Corporation and Suzuki Motor Corporation, has signed a memorandum of understanding (MOU) with the government of Indian state Gujarat to set up a lithium-ion battery plant, reports...
    16-Oct-2019 News Investments
    Maruti Suzuki collaborates with five start-ups for automotive IoT, AI solutions
    India’s biggest carmaker Maruti Suzuki has picked five start-ups to develop automotive, internet of things (IoT) and artificial intelligence (AI) concepts into real-time applications, it said in a press release on 14 October. This is under Maruti’s Mobility & Automobile Innovation Lab (MAIL)...
    15-Oct-2019 News Investments
    Novares opens expanded production facility in Portugal
    Novares has opened the new factory extension at its Arouca manufacturing facility in Portugal, the company announced in a press release on 8 October. The plant was extended by 1500 square meters to 3,400 square meters in total, to accommodate new state-of-the-art machinery, which in terms of capacit...
    09-Oct-2019 News Investments
    VW India companies merge to form Skoda Auto Volkswagen India Private Limited
    Volkswagen Group India has announced the consolidation of three of its passenger car subsidiaries after securing all the required statutory and regulatory approvals. The new entity will operate under the name of Skoda Auto Volkswagen Indian Private Limited (SAVWIPL). Significance: The compan...
    Martinrea announces additional investment in NanoXplore
    Automotive lightweight metal parts supplier Martinrea International has announced an additional investment in NanoXplore, a manufacturer and supplier of high-volume graphene powder used in diverse industries, including automotive, the company said in a press release last month. Martinrea invested 10...
    08-Oct-2019 News Investments
    Goodyear expands tyre performance evaluation operations at Texas facility
    The Goodyear Tire & Rubber Company has commenced two new expansion projects at their San Angelo tire testing facility in Texas, USA. This facility was established in 1944 and is now entering its 75th year of testing tires. Significance: At the San Angelo facility, Goodyear has added an additi...
    Hydro opens new aluminum research lab in Sweden
    Hydro has opened a new aluminum research lab adjacent to Hydro’s product application lab in Finspång, Sweden, the company announced in a press release late last month. The new Extrusion Test Center will test new types of aluminium alloys and their extrudability for eventual use in applications th...
    07-Oct-2019 News Investments
    Mitsubishi Electric to establish new plant in India
    Japanese firm Mitsubishi Electric made an announcement today that the company will commence construction of a new facility in the state of Gujarat, India. The plant will be based within the premises of the company’s subsidiary, Mitsubishi Electric Automotive India Pvt Ltd. (MEAI). Signific...
    AGP Group opens new facility in Belgium to produce panoramic roof and HUD windshields
    AGP Group has opened a new manufacturing plant “eGlass 2.0” in Ghent, Belgium, to supply advanced automotive glazing solutions for electric and autonomous vehicles, the Germany-based company said in a press release on last week. The new 40,000-meter square plant features a fully automated produc...
    07-Oct-2019 News Investments
    Denso to expand Japanese plant of Denso Hokkaido to increase production of semiconductor sensors
    Denso Corporation has announced the expansion of Denso Hokkaido’s plants in a bid to increase production of semiconductor sensors and enhance its domestic production system, according to a company press release on 26 September. Denso will invest about JPY11 billion (USD102.7 million) by 2025 fo...
    03-Oct-2019 News Investments
    Shinhwa Group to build new manufacturing plant in Alabama
    The Shinhwa Group, an automotive parts manufacturer, announced plans to establish a manufacturing plant in Auburn in Alabama, United States, according to a press release on 1 October on the official website of Alabama Department of Commerce. To this end, the company intends to invest USD42 million i...
    Nokian Tyres inaugurates its first production facility in the US
    Finnish tire manufacturer Nokian Tyres has opened its very first tire manufacturing facility in the United States. The factory is located in the city of Dayton, Tennessee, and has been built with the vision of enabling the company to reach its goal of doubling its sales in North America in the next ...
    Continental Structural Plastics to open new plant in US state Texas by 2021
    Continental Structural Plastics Inc. (CSP) will establish a new composites manufacturing facility in Texas, United States, according to a press release on 27 September on the official website of the State of Texas. The new plant is expected to create 200 new jobs and more than USD65 million in ...
    Nippon Paint to build new facility in US state Tennessee
    Nippon Paint (USA) Inc. will build a new facility in Chattanooga in the US State of Tennessee, according to a company press release. To this end, the company plans to invest approximately USD60 million in the new 270,000-square foot facility in Chattanooga. The new Tennessee plant will produce autom...
    02-Oct-2019 News Investments
    BWI Group inaugurates new production facility in Indiana, US
    Automotive components manufacturer, BWI Group, has opened its second production facility in North America, and its first in the United States. The plant is located in the city of Greenfield, Indiana. Significance: The new plant has been designed to be a full-service facility and the company will ...
    Mando opens a new R&D centre in Germany
    South Korean automotive components maker Mando has inaugurated its newest R&D center in the German city of Frankfurt. The company's existing R&D center in Frankfurt has been operational since 2010. Significance: The new R&D center of Mando adds another 12,000 square meters o...
    CATL to build new EV battery plant in China’s Sichuan province
    Chinese battery maker Contemporary Amperex Technologies (CATL) is planning to build a new electric vehicle (EV) battery plant in Sichuan province in Southwest China, Automotive News China reported on 26 September citing a company statement. CATL is aiming to invest CNY10 billion (USD1.4 billion) in ...
    27-Sep-2019 News Investments
    Schaeffler invests USD65 million in US facility to boost engine components manufacturing
    Germany-based components manufacturer Schaeffler announced its plan to set up an Engine Systems Manufacturing Competence Centre in Cheraw, South Carolina, US. The existing production operations of Schaeffler at Cheraw are currently undergoing expansion. Since the 1960s, Schaeffler has invested over ...
    27-Sep-2019 News Investments
    All new Maserati models to adopt hybrid and battery electric propulsion systems, autonomous driving capabilities
    Italian luxury and sports car manufacturer Maserati has just announced plans in the electrification and production of its upcoming vehicles and autonomous driving technologies. This is in line with Fiat Chrysler Automobiles’ (FCA’s) new investment plan that involves the production...
    27-Sep-2019 News Investments
    LANXESS inaugurates new plant in China to produce high-tech plastics
    Specialty chemicals company LANXESS has inaugurated its new plant in Changzhou, China, to produce high-tech plastics, according to a company press release on 25 September 2019. The compounding facility produces Durethan- and Pocan-branded high-tech plastics, especially for the automotive sector and ...
    EV charger company Tritium opens new manufacturing plant in US
    Australia-based electric vehicle (EV) charger company Tritium has opened a new manufacturing plant in Los Angeles, US, the company announced in a press release on 20 September. Along with manufacturing and logistics capabilities, the Tritium E-Mobility Innovation Center will feature a testing facili...
    25-Sep-2019 News Investments
    UL establishes new EV battery laboratory in China
    Technology company UL is setting up a new electric vehicle (EV) battery laboratory in Changzhou, China, the company announced in a press release on 21 September. The lab will be fully operational by 2020 and will help manufacturers and suppliers better manage charging system safety, battery safety r...
    25-Sep-2019 News Investments
    Bharat Forge plans to set up new aluminum forging plant in US
    The American arm of Bharat Forge will build a new aluminium forging factory in Sanford, North Carolina, and invest over USD56 million for this purpose. This new production facility will manufacture automotive components and is expected to create more than 300 jobs in the county. Significance...
    Covestro upgrades R&D lab in Japan
    Covestro has upgraded its research and development (R&D) base in Japan called Innovation Center Japan (ICJ) to further provide innovative solutions and material developments focused particularly on automotive and construction segments, according to a company press release on 18 September. The co...
    Kobe Steel opens expanded aluminum alloy extrusion plant in US
    Kobe Steel’s US subsidiary, Kobelco Aluminum Products & Extrusions Inc., has opened a new facility in Bowling Green, United States, according to a company press release on 19 September. Kobelco will add an additional melting furnace and extrusion press. Upon completion of the expansion, the co...
    IAC plans to establish development and production facility in Austria
    International Automotive Components (IAC) announced plans to establish a development and production facility in Austria, according to a press release on 18 September on the official website of Invest in Austria. The company has acquired a commercial property in the province of Burgenland and plans t...
    19-Sep-2019 News Investments
    Valmet Automotive opens new Center of Competence for fuel-cells
    Valmet Automotive has opened a new Center of Competence (CoC) Fuel Cells to accelerate development of fuel cells, the company announced in a press release on 12 September. One of the main products Valmet Automotive is developing in-house is the flat-membrane humidifier. “Our target is clearly set....
    18-Sep-2019 News Investments
    LANXESS commissions two new production lines at German plant for composite material Tepex
    LANXESS’ wholly owned subsidiary Bond-Laminates GmbH has commissioned two new production lines at its site in Brilon, Germany, for Tepex continuous-fiber-reinforced thermoplastic composites, according to a company press release on 16 September. “To accommodate the expansion from six to eight ...
    AGC to invest in new plant in China to produce car mounted display glass
    AGC has announced plans to invest in a new plant in Suzhou, China, to produce large 3D/complex shaped cover glass for car mounted displays, the company said in a press release on 12 September. The plant, AGC Automotive (Suzhou) Inc, will have a fully-integrated production line equipped with the late...
    17-Sep-2019 News Investments
    Vedanta Aluminium launches ‘Primary Foundry Alloy’ for auto industry
    Vedanta Aluminium has launched ‘Primary Foundry Alloy’ (PFA) for the Indian automotive industry, according to a report by Autocar Professional on 14 September. The company has become the "first primary aluminum producer" to supply the raw material for alloy wheels in the country with the unveili...
    Borealis starts construction of new plant in Belgium to produce propylene
    Borealis broke ground on its new propane dehydrogenation (PDH) plant in Belgium, according to a company press release on 10 September. The company is investing about EUR1 billion (USD1.1 billion) over the course of the project. Located at the existing Borealis production site in Kallo, Belgium, the ...
    BMW, DRÄXLMAIER Group open new PHEV battery plant in Thailand
    BMW and DräxlmaierGroup have opened a new battery plant in Thailand to manufacture plug-in hybrid vehicle (PHEV) batteries, the automaker announced in a press release on 10 September. BMW Group Thailand launched the local assembly lines in July 2019 at the Dräxlmaier Group plant in WHA Chonburi In...
    12-Sep-2019 News Investments
    Teijin opens new resin compound plant and technical center in Thailand
    Japan-based Teijin Limited has commenced operations at its ASEAN compound plant and technical center in Thailand, the company said in a press release on 10 September. The new plant and research and development (R&D) facility is located at Teijin Corporation (Thailand) Limited in Bang Pa-in Indus...
    11-Sep-2019 News Investments
    Delphi Technologies opens new ECU plant in Poland
    Delphi Technologies has opened a new plant in Blonie, Poland, to cater to the growing demand for electrification solutions, the company announced in a press release on 2 September. The plant will initially produce electronic control units (ECU) for automobile manufacturers, primarily in Europe, and ...
    10-Sep-2019 News Investments
    Webasto opens new plant in China to produce roof systems, electromobility solutions
    Webasto has opened a new plant in the city of Wuhan, Hubei Province in China to produce roof systems, high-voltage heaters and charging solutions, according to a company press release on 7 September. The company has invested EUR50 million in the new plant. The plant has capacities for production of ...
    Porsche begins production of Taycan electric sportscar in Germany
    Porsche will commence production of its all-new Taycan electric sportscar at a new facility at its Zuffenhausen site in Germany today (9 September), the company said in a press release on 6 September. Porsche completed construction of the new plant for Taycan in September 2015. The 170,000-square me...
    09-Sep-2019 News Investments
    Hyundai, Kia invests in EV charging start-up IONITY
    South Korean Hyundai Motor Group has invested in IONITY, Europe’s fast electric vehicle (EV) charging service provider, the companies announced in separate press releases on 9 September. IONITY is a joint venture (JV) established between BMW Group, Ford Motor Co, Daimler AG and the Volkswagen Grou...
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