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    INVESTMENT: Toyoda Gosei invests in IoT service provider Uhuru
    Toyoda Gosei Co has made an investment in Uhuru Corp, the company said in a press release on 8 April. Uhuru provides solutions using data in cloud computing and edge devices. The details of the investment were not disclosed. The collaboration will allow Toyoda Gosei to enhance value in products a...
    09-Apr-2020 News Investments
    News
    Autonomous driving startup Helm.ai raises USD13 million
    Helm.ai, which develops autonomous vehicle technology, has raised USD13 million, Tech Crunch reported on 26 March. Its investors in the seed round includes A.Capital Ventures, Amplo, Binnacle Partners, Sound Ventures, Fontinalis Partners, and SV Angel. Angel investors included are Berggruen ...
    07-Apr-2020 News Investments
    News
    INVESTMENT: NXP Semiconductors invests in Fabless semiconductor company Kalray
    NXP Semiconductors has invested EUR8 million (around USD9 million) in Kalray, a company press release on 2 April read. Using NXP’s automotive solutions and Kalray MPPA (Massively Parallel Processor Array) intelligent processors, the companies will develop safe, reliable, and scalable solution...
    06-Apr-2020 News Investments
    News
    Autonomous vehicle startup Phantom AI raises USD20 million in series A financing round
    Developer of a vehicle-agnostic autonomous driving platform Phantom AI has raised USD22 million in Series A financing, according to a company press release on 2 April. The funding round was led by Celeres Investments with participation from Ford Motor Company and KT as well as existing investors Mil...
    06-Apr-2020 News Investments
    News
    Interior parts supplier Hayashi Telempu North America to expand US plant
    US-based Interior parts supplier Hayashi Telempu North America (HTNA) has announced plans to expand its operations in Walker County in the US state Texas, according to a press release on 16 March on the official website of Alabama Department of Commerce. To this end, the company plans to invest USD7...
    03-Apr-2020 News Investments
    News
    Uno Minda to invest USD4.4 million in Toyoda Gosei Minda JV
    Toyoda Gosei Co., Ltd. will transfer its all shares in Toyoda Gosei South India Pvt. Ltd. (TGSIN) to Toyoda Gosei Minda India Pvt. Ltd. (TGMIN), a joint venture (JV) between Uno Minda and Toyoda Gosei (TG), in 2020, the Japanese supplier said in a press release on 2 April. To this end, Minda Industr...
    02-Apr-2020 News Investments
    News
    Brembo acquires 2.43% stake in Pirelli
    Italian manufacturer of braking systems, Brembo, has bought a minor stake in tire maker Pirelli. According to a report filed by news agency Reuters on 31 March, the company has purchased a long-term stake in Pirelli that amounts to 2.43%. The stake, which was reportedly purchased autonomously, will ...
    01-Apr-2020 News Investments
    News
    Hyundai to set up global innovation center in Singapore
    According to a press release issued by South Korea-based car maker Hyundai on 30 March, the company will establish a Hyundai Mobility Global Innovation Center in Singapore. This facility will be used to speed up the company’s efforts on innovation with support from the Singapore Economic Developme...
    31-Mar-2020 News Investments
    News
    Continental participates in Series A funding round at lidar startup Blickfeld
    Continental has invested in Munich-based lidar startup Blickfeld, according to a press release on 20 March. Blickfeld has completed its Series A financing round, which was led by the venture capital unit of Continental together with Wachstumsfonds Bayern, which is managed by Bayern Kapital, with par...
    30-Mar-2020 News Investments
    News
    MAHLE opens new battery testing center in UK
    MAHLE Powertrain has opened a new, dedicated facility for the extensive testing of battery modules in the UK, according to a report by Green Car Congress on 24 March. The new testing center, based at the powertrain specialist’s Northampton technical center, enables the strip-down and disassembly o...
    25-Mar-2020 News Investments
    News
    Volkswagen to increase use in nickel in EV batteries
    Volkswagen (VW) is reportedly planning to increase the use of nickel in its electric vehicle (EV) battery cells. According to a Reuters report on 17 March, the automaker will raise the amount of nickel in EV battery cells from the current 65% to 80% in the next year, Frank Blome, head of Batter...
    18-Mar-2020 News Investments
    News
    INVESTMENT: Baidu begins construction of autonomous driving test track in Chinese city Chongqing
    Chinese internet giant Baidu broke ground on its new autonomous driving test track in Chinese city Chongqing, according to a report by Chinapev.com on 11 March. Baidu and Chongqing Yongchuan District Government jointly established the Baidu Western Autonomous Driving Open Test Base project. The proj...
    16-Mar-2020 News Investments
    News
    INVESTMENT: Kyungshin Cables plans to build new factory in Serbia to produce EV charger cable sets
    South Korean company Kyungshin Cables plans to invest EUR20 million (USD22.3 million) to build a new factory for electric vehicle (EV) charger cable sets in Smederevska Palanka, Serbia, according to a press release on 6 March on the official website of the Development Agency of Serbia (RAS). The loc...
    16-Mar-2020 News Investments
    News
    INVESTMENT: Gridserve starts construction of UK’s first ‘Electric Forecourt’ to expand EV charging network
    Gridserve has started construction of its first  ‘Electric Forecourt’ to expand the electric vehicle (EV) charging network in the United Kingdom, the company announced in a press release on 10 March. The Electric Forecourt will be made operational in the summer of 2020. The Electric Forecou...
    13-Mar-2020 News Investments
    News
    INVESTMENT: Iberdrola announces EUR150 million investment for EV charging points
    In a press release dated 10 March, Iberdrola announced that it will invest EUR150 million toward the installation of electric vehicle (EV) charging points. The investment will be used to set up 150,000 charging points in households, companies, and on public highways (urban and interurban) over ...
    13-Mar-2020 News Investments
    News
    Production commences at Nokian Tyres’ new US factory
    Finland-based tire manufacturer Nokian Tyres has announced that it has begun production operations at its brand new manufacturing facility in the US. According to a press statement issued by the company on 9 March, this new Nokian Tyres facility is located in Dayton, Tennessee, and will serve the No...
    10-Mar-2020 News Investments
    News
    INVESTMENT: Geely forays into satellite production to facilitate highly autonomous and connected driving
    Geely Holdings Group has started construction of an intelligent satellite production and testing center in Taizhou City, Zhejiang Province, China, the Chinese automotive group said in a press release last week. The new facility, to be operated under Geely Technology Group, will include a modular sat...
    09-Mar-2020 News Investments
    News
    Bosch to start production of 48-V batteries for hybrid cars at German plant next year
    Bosch will start producing 48-V batteries for hybrid vehicles at its plant in the German city of Eisenach in the summer of 2021, according to a report by Xinhua Net on 27 February 2019. To this end, the company plans to invest over EUR80 million (USD90 million) in the Eisenach site. The investment i...
    09-Mar-2020 News Investments
    News
    INVESTMENT: Alloy wheels manufacturer Borbet to expand US facility
    Borbet, a Germany-based manufacturer of light metal alloy wheels for the automotive industry, is expanding its US facility. According to an official press release on the website of Alabama Department of Commerce on 4 March, Borbet Alabama announced plans to expand its Auburn operation with a USD23.9...
    09-Mar-2020 News Investments
    News
    INVESTMENT: Brose begins construction of new manufacturing plant, development center in Serbia
    Germany-based automotive components supplier Brose recently celebrated the groundbreaking ceremony for its new development and production facility in Serbia. According to a press release issued on 6 March, the company stated that it has laid the foundation stone for this new plant, which will be loc...
    09-Mar-2020 News Investments
    News
    INVESTMENT: Volvo cars sets up new battery assembly line at Belgian plant
    Volvo cars has set up a new battery assembly line at its plant in Ghent in Belgium, the company announced in a press release on 5 March. The assembly line is expected to supply batteries to Volvo Cars first fully electric car, the XC40 Recharge P8. “I am pleased to celebrate this momentous occasio...
    06-Mar-2020 News Investments
    News
    INVESTMENT: Fiat Chrysler Automobiles to invest USD400 million to build engines at idled transmission plant in Indiana
    Fiat Chrysler Automobiles (FCA) has announced plans to invest USD400 million to repurpose its idled transmission plant in Kokomo, Indiana, US, to build engines, the company said in a press release on 5 March. The planned investment will help the plant to retain 1,000 jobs and add nearly 200 jobs to ...
    06-Mar-2020 News Investments
    News
    INVESTMENT: Toyota plans to build a new EV plant in Chinese city Tianjin with FAW Group
    Toyota is planning to set up a new electric vehicle (EV) plant in Tianjin, China, in collaboration with its local partner FAW, Reuters reported on 29 February, citing a document issued by local authorities of the China-Singapore Tianjin Eco-city. The partners are aiming to invest CNY8.5 billion (USD...
    03-Mar-2020 News Investments
    News
    INVESTMENT: Australian state Tasmania to invest AUD50 million to support hydrogen projects
    The Tasmanian Government has announced plans to invest AUD50 million (USD32.6 million) to encourage the development of a hydrogen energy industry in the state, according to a report by The Australian on 2 March. Tasmania's Renewable Hydrogen Action Plan includes AUD20 million for a Tasmanian Renewab...
    03-Mar-2020 News Investments
    News
    INVESTMENT: Leoni opens new facility at Mexican plant to produce high-voltage charging cables for EVs
    Leoni has inaugurated a new industrial building at its Cuauhtémoc facility in Mexico to produce cables for electric vehicles (EV), according to a report by El Heraldo de Chihuahua. According to a report by Mexico Now, high voltage charging cables will be produced for automakers such as Tesla, GM, a...
    03-Mar-2020 News Investments
    News
    INVESTMENT: Subaru plans to invests USD158 million to expand capacity at US plant
    Subaru of Indiana Automotive (SIA), a subsidiary of Japan-based Subaru Corporation, will invest USD158 million to diversify its Lafayette, Indiana, manufacturing operations in the US, according to a press release on the official website of the Indiana Economic Development Corporation (IEDC) on 26 Fe...
    02-Mar-2020 News Investments
    News
    INVESTMENT: GM to add 1,200 jobs at two assembly facilities in US
    General Motors (GM) will add more than 1,200 manufacturing jobs at two assembly facilities in the US to help it launch two new Cadillac sedans—CT4 and CT5, as well as meet customer demand for sport utility vehicles (SUVs)— Chevrolet Traverse and Buick Enclave, the automaker announced in a p...
    02-Mar-2020 News Investments
    News
    INVESTMENT: Brose invests in new manufacturing, development, IT center in India
    Brose has officially opened a new campus in Hinjewadi near Pune in Maharashtra, India, the company said in a press release on 26 February. The Germany-based automotive supplier is investing EUR3.2 million (USD3.48 million) in the new 175,000-square-feet site that will serve as its new headquarters, ...
    28-Feb-2020 News Investments
    News
    Toyota invests USD400 million in Chinese self-driving startup Pony.ai
    Toyota has invested USD400 million in self-driving startup Pony.ai, the China-based company said on 26 February. The latest investment takes Pony.ai’s worth to just over USD3 billion. Strengthened ties will enable deeper integration of Pony.ai's autonomous driving system with Toyota's robu...
    27-Feb-2020 News Investments
    News
    Robert Bosch Venture Capital invests in automated driving platform developer UISEE
    Robert Bosch Venture Capital (RBVC), the corporate venture capital unit of German supplier Bosch, has invested in China-based UISEE, a provider of turnkey solutions for automated driving (AD), according to a company press release on 26 February. “As one of the leading automated driving companie...
    27-Feb-2020 News Investments
    News
    Porsche Ventures among companies to invest USD14.5 million in software company DSP Concepts
    Porsche Ventures has said that US-based software start up DSP Concepts raised a Series B investment worth USD14.5 million, a company press release showed. Taiwania Capital led the financing round and apart from Porsche Ventures, BMW iVentures, Innovation Growth Ventures/Sony Innovation Fund, MediaTe...
    27-Feb-2020 News Investments
    News
    Eurasian Resources Group mulls setting up EV battery material plant
    Eurasian Resources Group (ERG) is planning to setup an electric vehicle (EV) battery material plant for producing nickel-cobalt-manganese (NCM) precursor materials, the company announced in a press release on 19 February. The plant will be exclusively supplied with cobalt hydroxide from its Met...
    26-Feb-2020 News Investments
    News
    Porsche opens rapid-charging park for EVs in Leipzig
    Porsche is expanding the charging infrastructure for electric vehicles (EV) in central Germany with a new charging park called ‘Porsche Turbo Charging,’ the automaker announced in a press release on 19 February. The total capacity of the facility, which includes six internal quick charging point...
    24-Feb-2020 News Investments
    News
    Robert Bosch Venture Capital invests in US-based startup UltraSense Systems
    Robort Bosch Venture Capital (RBVC), the corporate venture capital unit of German supplier Bosch, and Artimen Ventures have led a Series B funding round at UltraSense Systems, RBVC said in a press release on 18 February. The US-based startup raised USD20 million in the latest funding round, bringing...
    21-Feb-2020 News Investments
    News
    Marelli to open new R&D center in Italy for body and lighting electronics, sensors aimed at ADAS
    Marelli has announced plans to open a new research and development (R&D) center in Turin, Italy, the company said in a press release on 14 February. The R&D center, with a total surface area of over 3,000 square meters on five floors, is located near Marelli’s plant in Turin. It will have ...
    17-Feb-2020 News Investments
    News
    BASF to open new battery material plant in Germany
    In a press release dated 12 February, BASF announced plans to set up a new battery materials plant in Schwarzheide, Germany. The plant will produce cathode active materials (CAM) with an initial capacity enabling the supply of around 400,000 full electric vehicles (EV) per year with BASF battery mat...
    13-Feb-2020 News Investments
    News
    Tesla plans to set up battery cell manufacturing pilot line at US plant
    Tesla is planning to set up an electric vehicle (EV) battery cell manufacturing pilot line at its plant in Fremont, United States, news website Electrek reported on 11 February. The automaker is also aiming to design its own equipment for developing the cells. Tesla, on its websites, has listed a nu...
    13-Feb-2020 News Investments
    News
    CEAT starts production at new tire plant in Tamil Nadu, India
    Indian tire manufacturer CEAT opened its new tire production facility in Kanchipuram, near Chennai, according to a report filed by ET Auto. This new greenfield plant is located on a 163-acre site and CEAT is reportedly planning to invest INR 4,000 crores (nearly USD 560 million) over the next decade...
    13-Feb-2020 News Investments
    News
    Suzuki Motor JV plans to set up EV battery recycling plant in India
    Suzuki Motor, through its joint venture (JV) Automotive Electronics Power Pvt. Ltd (AEPPL), is planning to set up an electric vehicle (EV) battery recycling plant in India, Autocar Professional reported on 8 February, citing Hisashi Takeuchi, managing officer and deputy executive general manager (gl...
    11-Feb-2020 News Investments
    News
    BMW expands electric powertrain components production at German plant
    BMW has expanded its electric powertrain components production at the Competence Centre for E-Drive Production in Dingolfing plant in Germany, the company announced in a press release on 6 February. The plant expects the number of modules needed for production of high-voltage batteries to double fro...
    07-Feb-2020 News Investments
    News
    Continental to construct new plant in US state Texas to produce radar sensors
    Continental has announced that it has begun construction of a plant in Texas, United States, to expand its capacity to produce radar sensors, a company press release on 6 February said. Continental plans to invest about EUR100 million (USD112 million) over the next three years in the plant. The 2...
    07-Feb-2020 News Investments
    News
    Koito invests USD50 million in US-based lidar startup Cepton
    Koito Manufacturing Co., Ltd. (Koito) has invested USD50 million to acquire shares of Cepton Technologies, Inc. (Cepton), a US-based startup company that designs and manufactures lidar for advanced driver assistance systems (ADAS) and autonomous driving, the two companies said in separate ...
    07-Feb-2020 News Investments
    News
    Henniges Automotive opens new European Headquarters and Technical Center in Czech Republic
    Henniges Automotive, a supplier of highly engineered sealing and anti-vibration systems for the automotive market, has opened its new European Headquarters and Technical Center in the Czech Republic, the company said in a press release on 5 February. The company officially opened the facility on 9 D...
    07-Feb-2020 News Investments
    News
    Hyundai invests in Israeli start-up Kardome
    Israeli start-up Kardome has said Hyundai Motor led the investment for the seed round, a company press release dated 4 February showed. NextGear Ventures fund, specializing in investments in the smart transportation world, and ATOORO Fund, specializing in deep-technologies and human-computer interac...
    06-Feb-2020 News Investments
    News
    Karma Automotive opens new design studio in US
    Electric vehicle (EV) start-up has opened a new design studio in California, United States, the company announced in a press release on 31 January. Karma Automotive invested multi million dollars in the 12,000-square meter studio. "Karma Design plays an important role in Karma's diversification...
    06-Feb-2020 News Investments
    News
    Mahle plans to manufacture electric drive systems in India
    Mahle plans to manufacture electric drive systems at its facility in Coimbatore in the Indian state of Tamil Nadu, Autocar Professional reported on 3 February. The company said the new facility will initially produce high-capacity motors and controllers for electric two- and three-wheeler segments a...
    06-Feb-2020 News Investments
    News
    Henkel opens new manufacturing plant in India
    Henkel has opened a new plant in Pune, India, to manufacture adhesives, sealants and surface treatment products, the company announced in a press release on 4 February. Henkel has invested close to EUR50 million (USD55.3 million) in the plant which will cater to various industries including aut...
    05-Feb-2020 News Investments
    News
    NSK expands ball screw production for electric-hydraulic brakes in Japan
    Japan-based NSK Ltd. is expanding production of ball screw units for electric-hydraulic brakes in Japan. According to a company press release on 4 February, the company has inaugurated a second production line for ball screw units at Akagi Plant (NSK Steering Systems Co Ltd.) in Japan. The comp...
    05-Feb-2020 News Investments
    News
    Li-Cycle to set up lithium-ion battery recycling center in US
    Li-Cycle Corporation, a Canada-based lithium-ion battery resource recovery company, will establish its first US-based facility in New York State, Empire State Development (ESD) announced in a press release last month. The company will set up operations at Eastman Business Park (EBP) in Monroe County...
    04-Feb-2020 News Investments
    News
    ZKW integrates LG Electronics’ rear light business
    ZKW Group, which was acquired by LG Electronics in 2018, is integrating the rear light business of LG Electronics, ZKW announced in a press release on 23 January. To this end, the Austrian lighting major is integrating LG Electronics’ rear light production in Ningbo, China. The company also establ...
    04-Feb-2020 News Investments
    News
    Dakkota Integrated Systems plans to build new auto parts assembly facility in US state Michigan
    Dakkota Integrated Systems plans to build a new auto parts assembly facility in the US state Michigan, according to a report by Area Development on 23 January. The company plans to construct a 300,000 square-foot manufacturing facility in Detroit, Michigan. The company intends to invest up to USD45 ...
    30-Jan-2020 News Investments
    News
    Automotive Lighting expands operations in Mexico
    Automotive Lighting is expanding its operations in Mexican city Juarez, according to a report by Mexico Now on 28 January. The expansion, which is likely to create 758 job, includes 22 production lines. The company recently purchased a building located on Hermanos Escobar Avenue, where it plans to i...
    29-Jan-2020 News Investments
    News
    Toyoda Gosei opens new plant in Mexico to produce automotive seals
    Toyoda Gosei has opened a new plant in San Luis Potosí in central Mexico to make automotive seals, according to a report by Cluster Industrial on 27 January. The Japanese supplier has invested USD31 million in the new plant which is scheduled to begin operations in the next few days. The plant is e...
    29-Jan-2020 News Investments
    News
    General Motor's Detroit-Hamtramck plant in US to assemble only EVs
    In a press release dated 27 January, General Motors (GM) announced that it will convert its Detroit-Hamtramck plant to assemble only electric vehicles (EV). GM is investing USD2.2 billion in this transformation. The  plant will produce a variety of all-electric trucks and SUVs. GM’s first all...
    28-Jan-2020 News Investments
    News
    Teijin to establish ‘Teijin Automotive Center Europe’ in Germany
    Teijin Limited announced that the company would establish ‘Teijin Automotive Center Europe GmbH’ (TACE) in Wuppertal, Germany, next month, according to a company press release on 27 January. The new center will operate as a new base for technical functions within the company’s automotive compo...
    28-Jan-2020 News Investments
    News
    Diodes gets USD17.9 million funding-package from Scottish Enterprise
    Semiconductor manufacturer Diodes Incorporated has received a GBP13.7 million (USD17.9 million) funding-package from Scottish Enterprise, the company announced on 6 January. It is part of a GBP47 million project for future growth in Greenock. The funding package includes a GBP12 million rese...
    27-Jan-2020 News Investments
    News
    Hyundai Motor postpones investment plans in India
    Hyundai Motor has postponed its plans to establish a new plant in India by at least 2-to-3 years amid the economic slowdown and poor consumer sentiment which have dented sales and depressed market outlook, The Time of India (TOI) reported last week, citing an interview with Seon Seob Kim, managing d...
    27-Jan-2020 News Investments
    News
    MG Motors plans second phase of investments in India to expand production capacity
    MG Motors is evaluating the next-phase of expansion in India, ETAuto reported on 23 January, citing Rajeev Chaba, managing director and president of the company. The automaker is considering setting up a new manufacturing unit to have an additional annual production capacity of up to 200,000 units. ...
    24-Jan-2020 News Investments
    News
    Bosch to increase stake in fuel cell company Ceres Power
    Bosch has announced that it will increase its stake in Ceres Power to around 18%, up from 3.9%, according to a company press release on 22 January. The stake increase is achieved through a subscription by Bosch for new Ceres Power shares, as well as the purchase of further shares from existing share...
    24-Jan-2020 News Investments
    News
    Valmet to operationalize battery test center in Germany next month
    Valmet Automotive is set to operationalize is automotive battery test center (BTC) in Bad Friedrichshall, by the city of Heilbronn, Germany, before the end of next month, the company announced in a press release on 23 January. The BTC has been set up on an area of around 1,500 square meters on the l...
    24-Jan-2020 News Investments
    News
    Minth Group to establish new facility in US state Tennessee to produce plastics parts
    Chinese auto parts supplier Minth Group announced plans to invest USD87 million to build a new facility in the US state Tennessee, according to a report by Plastics News on 22 January. The new facility is expected to create 254 jobs over the next five years. The 236,000-square foot plant in Lewis...
    24-Jan-2020 News Investments
    News
    BMW i Ventures to invest in Software Motor Company for advanced electric motor systems
    BMW i Ventures has invested in Software Motor Company (SMC), a Silicon Valley-based company specializing in intelligent motor systems, BMW announced in a press release on 22 January. According to a separate press release from SMC, the company has secured a USD25 million financing round, including a ...
    24-Jan-2020 News Investments
    News
    Adient plans to invest USD23.5 million to expand plant in US state Tennessee
    Adient, the automotive seat manufacturer, has announced plans to invest USD23.5 million to expand its manufacturing facility in Lexington in the US state Tennessee, according to a press release on 17 January on the official website of Tennessee Department of Economic and Community Development. The e...
    23-Jan-2020 News Investments
    News
    Ford to invest USD46.7 million in Spanish plant for hybrid vehicle and battery assembly operations
    Ford has announced that it is planning to invest EUR42 million (USD46.7 million) in its plant in Valencia, Spain, for hybrid vehicle and battery assembly operations, according to a company press release on 16 January. Ford will produce the new S-MAX Hybrid and Galaxy Hybrid in Valencia from next yea...
    21-Jan-2020 News Investments
    News
    Toyota completes USD1.3 billion investment in modernization project at Indiana plant in US
    Toyota Motor has invested an additional USD700 million and added 150 jobs to complete a modernization project at its Princeton plant in Indiana, United States, the automaker said in a press release on 17 January. According to the Japanese automaker, the modernization project at Toyota Motor Manufact...
    21-Jan-2020 News Investments
    News
    Volkswagen plans to set up innovation hub in US for advanced materials
    Volkswagen, in collaboration with University of Tennessee, is planning to set up an innovation hub for advanced materials in the United States, the automaker announced  in a press release on 17 January. The new innovation hub’s initial work will focus on developing lighter vehicle components ...
    20-Jan-2020 News Investments
    News
    Audi invests around EUR100 million in charging infrastructure
    Audi plans to invest EUR100 million (USD111.5 million) in charging infrastructure in Germany, the automaker announced in a press release on 17 January. The automaker will use the funding to install 4,500 charging points for electric vehicles (EVs) at its own German plants by mid-2022. The automaker ...
    17-Jan-2020 News Investments
    News
    Cromodora to build new wheel plant in Eastern Europe for Audi and Volkswagen Group
    German automaker Audi and the wheel maker Cromodora have signed an agreement, where the latter will build a new wheel plant in Eastern Europe exclusively for Audi and the Volkswagen Group, Audi announced in a press release on 16 January. This is a long-term cooperative undertaking that will las...
    17-Jan-2020 News Investments
    News
    ROHM and STMicroelectronics announce multi-year silicon carbide wafers supply agreement
    ROHM unit SiCrystal has entered into a multi-year silicon carbide (SiC) wafers supply agreement with STMicroelectronics, the company said in a press release on 15 January. The contract is for SiCrystal to supply advanced 150mm silicon carbide wafers to STMicroelectronics for over USD120 million. ...
    16-Jan-2020 News Investments
    News
    Hyundai Group invests USD110 million in EV start-up Arrival
    Hyundai and Kia Motor have invested EUR100 million (USD110 million) in electric vehicle (EV) start-up Arrival, the company announced in a press release today (16 January). Hyundai Group and Arrival are planning to co-develop small and medium-sized electric vans and other products for logistics, on-d...
    16-Jan-2020 News Investments
    News
    Webasto opens roof plant, battery center in China
    Webasto has inaugurated its new roof plant and battery center in Jiaxing in Zhejiang Province, China, the company announced in a press release on 13 January. The new plant, spanning an area of 36,000 square meters, has a production capacity of 1.5 million roofs a year. The new battery center provide...
    14-Jan-2020 News Investments
    News
    Chinese automotive glass supplier Fuyao to expand production and R&D at US plant
    Chinese automotive glass supplier Fuyao is expanding its production and research and development (R&D) capabilities at its existing site in Ohio, United States. According to a press release on the website of Ohio, the company is investing USD46 million to expand production and R&D in Ohio, w...
    14-Jan-2020 News Investments
    News
    Nexteer opens technical center in China
    Nexteer Automotive has opened a technical center in Suzhou Industrial Park in China, according to a press release on 9 January. The new Asia Pacific Technical Center spans across an area of more than 30,000 square meters; it includes research and development (R&D) labs and test tracks. The techn...
    10-Jan-2020 News Investments
    News
    Mercedes-Benz and Bosch to build a vehicle test center in Brazil
    According to a press statement issued by Mercedes-Benz on 6 January, the German automotive firm has announced that it will be building a new vehicle test centre in collaboration with auto components supplier, Bosch. This new centerwill be located within the existing testing grounds of Mercedes-...
    08-Jan-2020 News Investments
    News
    Lear invests in Autotech Ventures to support mobility technology start-ups
    Lear Corporation has invested in Silicon Valley-based venture capital firm Autotech Ventures to support startups in deploying revolutionary mobility technologies, the company said in a press release on 7 January. Lear invested in Autotech Ventures through Lear Innovation Ventures (LIV). Significa...
    08-Jan-2020 News Investments
    News
    Mitsui Kinzoku Die-Casting to build new facility in US to manufacture products for EVs
    Japan-based automotive parts manufacturer Mitsui Kinzoku Die-Casting Technology America, Inc. (MKDA) announced plans to build a new manufacturing facility in Georgia, United States, according to a news release on the official website of the Georgia Department of Economic Development on 26 December. ...
    06-Jan-2020 News Investments
    News
    Suzuki JV AEPPL plans to invest USD520 million in second phase of EV battery plant in India
    Automotive Electronics Power Pvt. Ltd (AEPPL), a joint venture (JV) among Japanese Toshiba Corporation, Denso Corporation, and Suzuki Motor Corporation, is planning to invest INR37.15 billion in the second phase of its under-construction battery plant in Gujarat, India, Live Mint reported on 1 Janua...
    03-Jan-2020 News Investments
    News
    Hyundai Motor Group plan to invest USD86.22 billion over next five years
    South Korean car maker Hyundai has announced its strategy to invest over KRW100 trillion (approximately USD86.22 billion) over the next 5-year period, with investments of KRW20 trillion on an annual basis. In a press release issued on 2nd January, the company stated that it will be launching 44 n...
    02-Jan-2020 News Investments
    News
    SPARX Group’s Mirai Creation Fund II invests in GaN Systems
    GaN Systems has announced that Mirai Creation Fund II, a fund by SPARX Group, has made an investment in the company, a press release from 17 December read. Mirai Fund provides capital to companies focused on innovation with vehicle electrification among the top priorities. “The combination of c...
    02-Jan-2020 News Investments
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    Excellence Optoelectronics breaks ground on new facility in Taiwan for automotive LED lighting module, displays
    Excellence Optoelectronics Inc. (EOI) broke ground on its new facility at Hsinchu Science Park (HSP) in northern Taiwan, LEDinsisde reported on 30 December. The new facility will be used for research and development (R&D) of mini LEDs for automotive displays and large size display, as well as au...
    31-Dec-2019 News Corporate developments
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    Tesla begins deliveries of China-made Model 3
    Tesla began delivering Model 3 electric cars from its newly-established Gigafactory in Shanghai, China, on Monday (30 December), Reuters reported. The US-based electric carmaker handed over locally-built Modal 3s to its 15 employees in an event today. “From now onwards China-made Model 3 vehicles ...
    30-Dec-2019 News Investments
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    Uber acquires 600 acres in Pittsburgh to build test track for autonomous vehicles
    Ride-hailing company Uber has purchased nearly 600 acres of land near Pittsburgh, Pennsylvania, United States, for USD9.5 million to build a test track for autonomous vehicles, Associated Press (AP) reported on 28 December. Uber acquired the parcel in Findlay Township through an affiliate from a dev...
    30-Dec-2019 News Investments
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    GAC, China’s Shaoguan government begin construction of testing center for intelligent-connected and new-energy vehicles
    Guangzhou Automobile Group Co (GAC Group) and the Shaoguan city government in Guangdong Province in South China have started construction of a testing center for intelligent-connected and new-energy vehicles, China Daily reported today (27 December). The two partners are investing CNY2.75 billion (U...
    27-Dec-2019 News Investments
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    Okayama Murata to build new ceramic components plant in Japan
    Okayama Murata Manufacturing Co., Ltd., a subsidiary of Murata Manufacturing Company, Ltd., has announced plans to build a new plant in Japan to produce ceramic components used in electronic devices, according to a company press release on 24 December. The company began construction on a new product...
    27-Dec-2019 News Corporate developments
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    Pierburg expands operations in US state South Carolina
    Pierburg US, a manufacturer of components for air supply and emission control, plans to expand its existing facility in South Carolina, United States, according to a report by Area Development on 23 December. To this end, the company plans to invest USD27 million in the facility, which is expec...
    26-Dec-2019 News Investments
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    Mitsubishi, NTT pick 30% in HERE Technologies
    HERE Technologies announced on 20 December that Mitsubishi Corporation and Nippon Telegraph and Telephone Corporation (NTT) will jointly acquire 30% stake in the company via their jointly owned COCO Tech Holding B.V. Financial details of the deal were not disclosed. The deal is expected to go thr...
    23-Dec-2019 News Investments
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    VW to invest USD21 billion on future technologies through 2024
    German automaker Volkswagen (VW) has announced its plan to invest EUR19 billion (approximately USD21 billion) on future technologies, with EUR11 billion of that amount being dedicated to electromobility, according to a press release from the company dated 19 December. VW has also announ...
    20-Dec-2019 News Investments
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    Continental launches ‘Smart City Mobility and Transportation Hub’ in US
    Continental has launched a ‘Smart City Mobility and Transportation Hub’ in Auburn Hills, Michigan, United States, the company said in a press release on 18 December. At its new hub, there are two intersections which the German supplier has made intelligent by integrating its sensors and software...
    19-Dec-2019 News Investments
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    Novares starts operations at engine parts manufacturing plant in Russia
    Novares has opened its first plant in Togliatti, Russia, to produce engine parts, the company announced in a press release on 18 December. Novares has rented an 1,860-square meter site situated in the industrial park of AvtoVAZ, which is part of the Renault-Nissan Alliance. The new site will begin p...
    19-Dec-2019 News Corporate developments
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    TRB Lightweight Structures to open composites manufacturing center in US
    TRB Lightweight Structures has announced plans to open a new composites manufacturing center in Richmond, Kentucky in the United States as a joint venture with Toyota Tsusho America, according to a company press release. The site will produce carbon fiber components using TRB's unique press-forming ...
    18-Dec-2019 News Investments
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    Toyota Research Institute-Advanced Development commence operations at Tokyo head office
    Toyota Research Institute-Advanced Development (TRI-AD), a company established by Toyota Motor to develop automated driving software, has commenced full scale operations at its new head office in Nihonbashi, Tokyo, Japan, the automaker said in a press release on 17 December. TRI-AD moved into the ne...
    18-Dec-2019 News Investments
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    Ford to invest over USD1.45 billion in capacity expansion at two plants in Michigan
    American auto maker Ford has announced that the company would be investing USD1.45 billion in its two manufacturing plants in Michigan in order to bolster higher production numbers and facilitate the expansion of Ford into the areas of electric vehicles and autonomous vehicles. The company will i...
    18-Dec-2019 News Investments
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    Radar chipset developer Arbe closes USD32 million Series B funding
    Arbe has announced the closing of USD32 million in Series B funding in a boost to full production of its breakthrough radar chipset, the company said on 16 December. Catalyst CEL, BAIC Capital, AI Alliance (Hyundai, Hanwha, SKT), and MissionBlue Capital, Canaan Partners Israel, iAngels, 360 Capital ...
    17-Dec-2019 News Investments
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    GM to invest USD1.5 billion in US plant to produce next generation of midsize pickup trucks
    General Motors (GM) announced plans to invest USD1.5 billion in its existing plant in Wentzville, United States, to produce its next generation midsize pickup trucks, the automaker said in a press release on 13 December. Of the total investment, USD1 billion will be used to upgrade the truck plant i...
    16-Dec-2019 News Corporate developments
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    Auto parts molder US Farathane expands operations
    Auto parts molder US Farathane LLC is expanding its facility in Michigan, US, according to a report by Plastics News on 11 December. To this end, the company plans to invest more than USD20 million. The 100,000-square-foot expansion is expected to create 89 jobs. The project is slated for completion...
    13-Dec-2019 News Corporate developments
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    MANN+HUMMEL invests in capacity expansion at US production facility
    Germany-based MANN+HUMMEL announced plans to invest USD15 million at its facility in Tennessee, the United States, according to a press release on the official website of Tennessee Department of Economic and Community Development on 10 December. The expansion is expected to create up to 50 jobs at t...
    13-Dec-2019 News Investments
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    ZKW expands headlamps production capacity in Mexico
    Austrian Lighting systems specialist ZKW is expanding its manufacturing capacity for headlamps in Silao, Mexico, according to a company press release on 6 December. To this end, the company is investing EUR67.5 million (USD75.1 million) at its existing Mexican site. The expansion is expected to doub...
    13-Dec-2019 News Corporate developments
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    ZKW expands manufacturing operations in Slovakia
    Austria-based lighting solutions supplier ZKW is expanding its Slovakian plant, the company announced in a press release on 6 December. The company has invested around EUR155 million (USD172.5 million) toward expansion of its existing site in Krušovce, Slovakia. The plant manufactures headlamp...
    13-Dec-2019 News Corporate developments
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    Brose approves investment of between USD1.7 to 2.2 billion by 2021
    Brose Group has approved an investment program worth between EUR1.5 billion and EUR2.2 billion (USD 1.7 billion and USD2.2 billion) by 2021, the company said in a press release on 11 December. The company plans to add personnel in information technology (IT), software, and electronics. However, the ...
    12-Dec-2019 News Investments
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    SK Innovation completes construction of EV battery plant in China
    SK Innovation has completed the construction and opened its first electric vehicle battery plant in Changzhou, Jiangsu Province, China, Pulse reported on 6 December, citing the company. SK Innovation will start mass production of battery cells for electric vehicles early next year. “The new plant ...
    11-Dec-2019 News Investments
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