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SiC technology — key to BYD's 5-minute EV charging breakthrough
The ability to charge an electric vehicle to a 400-km range in just 5 minutes represents a significant shift in EV technology with advanced semiconductor technology. BYD's Super e Platform achieved this through its newly developed car-grade silicon carbide (SiC) power chips. These chips are rated for 1,500-V operation, essential for supporting the platform's 1,000-V architecture and enabling megawatt-level charging capabilities. While Ron (on-resistance) is a critical factor in evaluating SiC...
Insights
Is BYD’s new platform the technological inflection point EVs need?
The adoption of electric vehicles has not progressed as smoothly as anticipated five years ago. Many have questioned whether the transition to EVs is beneficial, as concerns about their practicality in everyday use persist, despite the advantage of zero tailpipe emissions. According to the S&P Global Mobility consumer survey conducted in 2024, primary concerns include the availability of charging stations, long charging times and the range on a single charge. Nearly half of the respondent...
Insights
US imposes a 25% tariff on import of automobiles, certain auto parts
US President Donald Trump has imposed a 25% tariff on imports of automobiles and certain automobile parts, with tariffs to come into effect from April 2, the White House said in a statement March 26. It said that with the import tariffs on vehicles and automotive components, President Trump aims to protect America’s automobile industry, which is vital to national security and has been undermined by excessive imports threatening America’s domestic industrial base and supply chains. The ...
Briefing
Nouveau Monde Graphite advances phase two at its battery material plants with positive feasibility study
Nouveau Monde Graphite Inc. (NMG) has released an updated feasibility study for its phase two integrated operations, which includes the Matawinie Mine and the Bécancour Battery Material Plant within a 150-km radius of Montréal, Québec. This study reflects technological advancements, engineering progress, project optimizations and updated economic factors, establishing a refined integrated production model for natural graphite and active anode material. Notably, the study indicates an after...
News
EU selects 47 strategic projects to boost raw material capabilities
The European Commission has selected a list of 47 Strategic Projects aimed at enhancing the domestic capabilities for strategic raw materials within the EU, marking a significant step in the implementation of the Critical Raw Material Act (CRMA). This initiative is designed to meet specific demand targets for the extraction, processing and recycling of strategic raw materials by 2030, which are essential for the EU's green and digital transitions as well as its defense and aerospace industries. ...
News
BASF doubles resin production at Shanghai plant for automotive industry
BASF's Coatings division has announced the completion of a significant expansion to its polyester and polyurethane resin production capacity at the Caojing plant in Shanghai. Originally launched in 2015 with the capacity to produce 8,000 metric tons annually, the plant's capacity has now more than doubled to 18,800 metric tons per year. This expansion is aimed at supporting the growing market demands within the automotive industry in China and the broader Asia-Pacific region. In addition to the ...
News
Tata AutoComp to acquire IAC Sweden, strengthening European presence
Tata AutoComp Systems has announced it will acquire International Automotive Components Group Sweden AB (IAC Sweden), in a bid to strengthen its presence in Europe's automotive sector. The company, however, did not disclose any financial details. IAC Sweden has a turnover of approximately $800 million and is a well-established manufacturer of interior systems and components to the automotive industry. The transaction is subject to European regulatory approvals, according to Tata AutoComp. "This ...
News
AutoTechInsight Weekly - 24 March 2025
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News
Ennovi unveils groundbreaking adhesive-free lamination for batteries
Ennovi, a company specializing in mobility electrification solutions, announced the introduction of a groundbreaking adhesive-free lamination technology designed to improve the assembly of cell contacting systems (CCS) for various battery cell configurations, such as prismatic, cylindrical and pouch. This technology showcases a patent-pending process that stands out by eliminating the need for adhesives in bonding insulation material foils and current collectors within the CCS. The method not...
News
Energy Fuels partners with Posco International for rare earth supply chain
Energy Fuels Inc., a leading US producer of uranium, rare earth elements (REE) and heavy mineral sands (HMS), has signed a strategic memorandum of understanding (MOU) with South Korea-based Posco International Corp., aiming to fast-track the formation of a commercial permanent rare earth magnet supply chain. This collaboration aims to utilize Energy Fuels' US rare earth oxide production with Posco's expertise in traction motor cores for electric vehicle and hybrid EV drivetrains, positio...
News
Stellantis partners Swedish startup Luvly AB on light vehicle technology
Stellantis has partnered with Swedish startup Luvly AB to evaluate its light, electric flatpack vehicle technology, according to a news report published by Zag Daily on March 13. The report mentioned that the Stockholm-based startup, which was founded in 2015, has built an ultraefficient, ready-to-assemble electric car that can be distributed using a flat-pack shipping method. The startup has designed and developed a light urban vehicle, which is a small electric car for city use. The model �...
News
Miru Smart Technologies unveils large-format electrochromic sunroof
Miru Smart Technologies, a Canada-based company specializing in innovative smart window technology, has unveiled one of the world's largest electrochromic sunroof window devices for the automotive industry. This development is the result of a collaboration with Argotec, a brand of the US-based specialty materials supplier, Mativ, utilizing Argotec's advanced thermoplastic polyurethane (TPU) interlayer films. It highlights the commercial viability and scalability of Miru's sustainable window solu...
News
Sandhar Technologies acquires aluminum die-casting business of Sundaram-Clayton Ltd.
The board of directors of Indian auto components supplier Sandhar Technologies has approved the acquisition of the high-pressure and low-pressure aluminum die-casting businesses of Sundaram-Clayton Ltd. (SCL) at its Hosur, India, plant. The acquisition was made through Sandhar Ascast Pvt. Ltd., a wholly owned subsidiary of Sandhar Technologies, through a slump sale. In February, the SCL board decided to sell its aluminum die-casting businesses at its Hosur plant. The operations approved ...
News
AutoTechInsight Weekly - 17 March 2025
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News
Novelis produces world's first 100% recycled automotive aluminium coil
Novelis, a leader in flat-rolled aluminum products and the world's largest recycler of aluminum, has produced the first-ever aluminum coil made entirely from 100% recycled, end-of-life automotive scrap, the company said in a press release on March 13. This breakthrough product, designed for the European automotive market, represents a significant move toward sustainability and circularity in the automotive industry. The material, intended for car body outer skin applications, satisfies the indus...
News
Lizhong Group partners with Toyota for aluminum recycling
Lizhong Sitong Light Alloys Group (Lizhong Group), a Chinese supplier of aluminum alloy materials and wheels, has entered a partnership with Toyota on the recovery and recycling of aluminum in both mainland China and abroad, Yicai Global reported March 14. Under the partnership, Lizhong and Toyota will collect and sort recycled materials as well as develop and produce recycled aluminum alloy materials and automotive parts. The two partners will also conduct joint research and develop related pro...
News
OPmobility outperforms market with strong 2024 revenue growth
OPmobility, formerly known as Plastic Omnium, has reported results for the financial year ended Dec. 31, 2024. The company recorded a 2.2% year-over-year increase in economic revenue to €11.6 billion, mainly driven by the Modules and Exterior business segments. Consolidated revenue, which does not include OPmobility’s share of revenue from joint ventures, improved 1.6% year over year to €10.5 billion.    The company’s economic revenue remained stable at 2023 level in Europe ...
Briefing
Thyssenkrupp to cut 1,800 jobs amid automotive sector challenges
Thyssenkrupp, a German conglomerate, announced its plan to reduce its workforce by approximately 1,800 jobs due to ongoing difficulties within the automotive sector. The company attributed the decision to persistently challenging market conditions in the global automotive industry and highlighted a strategic move to freeze hiring as part of its efforts to navigate these challenges. Thyssenkrupp aims to implement these and other measures, including reducing investments, to achieve savings of m...
News
Jay Bharat Maruti Ltd. raises equity stake in JODT to strengthen production capabilities
Jay Bharat Maruti Ltd. (JBML) has increased its ownership in JBM Ogihara Die-Tech (P) Ltd. (JODT) from 39% to 49% by buying additional equity from its joint venture partner, Ogihara Thailand Co. Ltd. (OTC). This strategic move is aimed at strengthening JBML's production capabilities, particularly in the production of high-tensile and critical body-in-white (BIW) dies. JODT, a JV between JBML, JBM Auto Ltd. and OTC, specializes in the production and selling of press-stamping dies.  ...
News
Martinrea’s Q4 FY 2024 sales declines 11.2% year over year to $1.15 billion
Martinrea International, a Canada-based automotive supplier specializing in lightweight structures and propulsion systems, announced its financial results for the fourth quarter and full year ended Dec. 31, 2024. In the fourth quarter, Martinrea reported an 11.2% year-over-year decline in sales to $1.15 billion, which led the company to record a 15.8% year-over-year decline in gross profit to $129 million. Lower sales, along with higher impairment charges of $129.4 million, forced Martinrea t...
News
Shanghai-based EV maker Nio initiates restructuring to focus on cost control
Chinese electric-car maker Nio is implementing a new organizational restructuring to focus more on cost control, with William Li, the company’s founder, chairman and CEO, increasing his involvement in the supply chain management, according to a news report published by CnEVPost on March 10. The CnEVPost news report cites local media 36kr as the original source of this news. It said that the electric-vehicle maker has launched an internal management mechanism called Cell Business Uni...
News
AutoTechInsight Weekly - 10 March 2025
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News
Sustainability practices in the automotive supply chain
The automotive industry is transforming as it faces sustainability pressures and must adapt to changing market dynamics. Recently, the focus on sustainability has intensified due to regulatory requirements, consumer demand for greener products and the urgent need to combat climate change. The S&P Global Mobility 2025 Supplier Outlook highlights the sustainability practices being adopted across the automotive supply chain. The growing pressure for sustainability Luz Mauch, executive vic...
Insights
ElringKlinger's FY 2024 revenue drops 2.4% year over year to €1.8 billion
ElringKlinger, a Germany-based supplier of powertrain, chassis and underbody solutions to the automotive industry, released its preliminary and unaudited financial results for the financial year ended Dec. 31, 2024. The company reported a 2.4% year-over-year decline in revenue to €1.8 billion, which also led to a 27.9% year-over-year drop in EBITDA to €144.4 million and a 7.3% year-over-year decrease in adjusted EBITDA to €197.2 million. ElringKlinger recorded adjusted earnings before inte...
News
Navigating change: How automotive suppliers are adapting to consumer demands
The automotive industry is rapidly evolving, shaped by shifting consumer preferences and economic pressures. Suppliers must be agile and proactive, swiftly responding to consumer demands while balancing production costs and profitability in a fiercely competitive market. The S&P Global Mobility 2025 Supplier Outlook emphasizes the need for suppliers to tackle these market changes head-on. Consumer behavior in flux Economic factors are key in shaping how consumers behave. In turn, these...
Insights
Constellium joins industry consortium for lightweight vehicle chassis innovation project
Constellium announced Feb. 24 that it will be participating in Project M-LightEn, an ambitious new initiative to develop ultralightweight, sustainable vehicle chassis structures. The project is led by Gordon Murray Group (GMG) and supported by Innovate UK and the Advanced Propulsion Centre (APC). Participants in the project include Constellium, Carbon ThreeSixty and Brunel University London. Over the next three years, the consortium aims to achieve breakthrough innovations in unibody veh...
News
CIE Automotive’s FY 2024 sales rises 1.1% year over year to €3.96 billion
CIE Automotive’s sales increased 1.1% year over year to €3.96 billion in the financial year ended Dec. 31, 2024. The Spanish supplier recorded growth in sales in a challenging business environment when global vehicle production declined 2% over 2023. The company reported EBITDA of €728 million and earnings before interest and tax of €538 million, reflecting an EBITDA margin and EBIT margin of 18.4% and 13.6%, respectively. CIE Automotive concluded the financial year with a 5% year-over-y...
News
AutoTechInsight Weekly - 3 March 2025
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News
CLEPA introduces Sustainability Manifesto for automotive industry
The European Association of Automotive Suppliers (Comité de Liaison Européen des Fabricants d'Equipements et de Pièces Automobiles [CLEPA]) has introduced its Sustainability Manifesto, a comprehensive roadmap to guide the industry and policymakers toward achieving climate neutrality, circularity and responsible sourcing as well as ensuring a just transition for workers and communities, the association said in a press release on Feb 25. The manifesto outlines four main pillars tha...
News
Gestamp’s FY 2024 net income drops 33.1% year over year to €188 million on lower revenue
Gestamp, a Spain-based supplier of highly engineered metal components for the automotive sector, announced its financial results for the year 2024. The company reported a 2.2% year-over-year decline in revenue to €12 billion. Lower revenue impacted earnings as Gestamp recorded a 5.6% year-over-year decline in EBITDA to €1.3 billion, translating into an EBITDA margin of 10.8%, while net income fell 33.1% to €188 million. Francisco J. Riberas, chairman of Gestamp, expressed satisfact...
News
SAIC, Huawei to cooperate on the development of smart EVs
SAIC Motor Corp. Ltd. and Huawei Device Co. Ltd. have signed a strategic agreement in Shanghai to cooperate in the development, manufacturing, supply chain management, sales and service of new-energy smart cars, SAIC announced Feb. 21. Jia Jianxu, president of SAIC Motor, and Wang Yanmin, president of Huawei’s Device Smart Car Business Unit, signed the contract on behalf of SAIC Motor and Huawei, respectively. The signing event was attended by Wang Xiaoqiu, chairman of SAIC Motor,...
News
Cooper-Standard swings to net profit in Q4 FY 2024 despite drop in sales
Cooper-Standard has released its financial results for the fourth quarter and the full year ended Dec. 31, 2024. In the fourth quarter, the company saw a slight decrease in sales by 1.9% year over year to $660.8 million compared to the same period in 2023. Despite the drop in sales, the company recorded operating income of $31.7 million against operating loss of $4.5 million in the fourth quarter of 2023. Cooper-Standard also posted a net income of $40.2 million against a net loss of $55.2 milli...
News
Norsk Hydro closes four extrusion plants in 2024 amid weak EV demand
Norsk Hydro closed four extrusion plants in France, Lithuania, the UK and the US in 2024 as the Norway-based aluminum supplier witnessed a sharp drop in demand amid declining sales of electric vehicles in Europe, especially in Germany. The closures, which were carried out over 2024, led to the loss of more than 900 full-time jobs. “In response to continued weak markets, Hydro Extrusions is taking proactive steps to enhance operational effectiveness, investing 350 million Norwegian Kroner ($...
News
Trump’s tariffs drive up auto steel and aluminum costs
New steel and aluminum tariffs, scheduled to take effect March 12, represent a significant shift in US trade policy. The tariffs were announced by President Trump on Feb. 10, and they expand the 2018 measures imposed under Section 232 aiming to protect domestic industries. However, the tariffs are expected to increase costs for the automotive sector, which would ultimately lead to higher consumer prices. Additionally, the potential for retaliatory trade actions introduces further uncertainty and...
Insights
BYD engages with Italian component manufacturers to increase localization in Europe
Chinese electric vehicle and battery manufacturer BYD has met with several Italian automotive component suppliers in Turin, Italy, to select new suppliers for its Europe-based manufacturing sites. The event, organized by BYD with the support of the Italian Association of the Automotive Industry (Associazione Nazionale Filiera Industria Automobilistica [ANFIA]), was aimed at establishing a common ground between the vehicle manufacturer and local supply chain stakeholders, along with ...
Briefing
Sundaram Clayton Ltd. to sell die-casting operations at Hosur plant in India
Automotive supplier Sundaram-Clayton Ltd. (SCL) has decided to sell its aluminum die-casting businesses at its Hosur plant in Tamil Nadu, India. This decision was taken by SCL’s board of directors on Feb. 19, with the intention to divest both high-pressure and low-pressure aluminum die-casting operations. The specifics of the deal, including the buyer's identity and the sale consideration, are yet to be determined. The completion of any transaction is contingent upon receiving necessary regula...
News
AutoTechInsight Weekly - 24 February 2025
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News
Teamwork makes the dream work in automotive
In an era where vehicles are as much about software as they are about steel, partnering has become essential rather than just beneficial. It is the powerhouse driving advancements in connected vehicles, autonomous driving innovations and sustainable practices within the automotive industry. However, collaboration in this sector can be a double-edged sword; while it sparks innovation, it also presents challenges. Cultural clashes, intellectual property dilemmas and the need for agility in respons...
Insights
Charting a course through automotive supply chain disruptions
The automotive industry is grappling with a myriad of supply chain disruptions that have become increasingly common since the pandemic struck. In addition to Brexit complexities, rising material costs, natural disasters, geopolitical tensions and economic instability are forcing companies to rethink their logistics and sourcing strategies on the fly. While improvements are anticipated in the global car chip shortage, challenges persist. As Nimish Ashar, associate director of E/E & Semicon...
Insights
Steering through regulations in the automotive sector
As the automotive industry evolves, suppliers must prioritize regulatory compliance due to stricter environmental laws linked to climate change. Investing in new technologies is essential to avoid penalties and enhance competitiveness. We examine the regulatory challenges facing suppliers and share insights from industry executives in S&P Global Mobility’s 2025 Automotive Supplier Outlook. Regulatory pressures: A catalyst for change Automotive suppliers are facing numerous challenges...
Insights
Facing the skills crisis in the European automotive sector
The European automotive supply industry is currently grappling with a severe labor shortage, exacerbated by record attrition levels that have plagued it over the past few years. This alarming situation has led to job losses that surpass even the darkest days of the pandemic. Despite optimistic forecasts for new job creation, the reality reveals a staggering net loss of nearly 56,000 positions since 2020, with the worst yet to come, according to The European Association of Automotive Suppliers (C...
Insights
Atlas Holdings to acquire SRG Global
Atlas Holdings has reached an agreement to acquire SRG Global, a major supplier of decorative trim systems for the automotive market, through an affiliate. The specifics of the financial aspects of the deal were not disclosed, but the transaction is expected to be finalized by early 2025, pending the fulfillment of standard closing conditions and obtaining regulatory approval. SRG Global, with its headquarters in Troy, Michigan, operates manufacturing sites across North America, Western and C...
News
Nissan to increase use of green steel in Japan
Nissan Motor plans to significantly increase the use of low-carbon steel in its production processes within Japan. By the end of fiscal year 2025, the Japanese automaker aims to expand the use of green steel by nearly fivefold from the levels observed in 2023. This move is part of Nissan's overarching goal to diminish CO2 emissions throughout every stage of a vehicle's life cycle. Specifically, Nissan is targeting a 30% reduction in CO2 emissions by 2030 with the ultimate objective of achievi...
News
The impact of semiconductor tariffs on automotive costs: A quantitative analysis
Amid escalating trade tensions, US President Donald Trump has intensified pressure on key industries with a series of executive orders, ordering a review of US trade agreements and signaling further tariffs on automotive, semiconductors and pharmaceuticals. With a potential 25% tariff on all imported vehicles and new steel and aluminum tariffs set to take effect on March 12, 2025, the automotive sector faces mounting uncertainty. With the rise of software-defined cars, semiconductor content p...
Insights
Kobe Steel, Baowu Steel establishes JV in mainland China for automotive aluminum panels
Kobe Steel has registered a joint venture company in mainland China for producing automotive aluminum panels. This development came after receiving approval from regulatory authorities in Japan and mainland China, following an agreement signed on Aug. 8, 2024, with Baoshan Iron & Steel Co. Ltd. and Baowu Aluminum Technology Co. Ltd., subsidiaries of China Baowu Steel Group. The JV aims to integrate continuous heat treatment and finishing lines for aluminum panels to cater to the increasing d...
News
Suppliers to the new Audi Q5
The Audi Q5 is manufactured at  the plant in San José Chiapa, Puebla .Production of the car is expected to peak at 105120 in 2025, according to a forecast from S&P Global Mobility. One of Audi's modern plants is in San José Chiapa, which opened its doors in 2016. IIt is highly flexible and perfectly adaptable for the production of new vehicles. For the new Q5, the company has managed to change its systems during ongoing operations with minimal disruption, enabling a ...
Insights
Magna’s FY 2024 net profit declines 16.8% year over year to $1 billion as sales remains stable at $42.8 billion
Magna’s net profit declined 16.8% year over year to $1 billion in the financial year ended Dec. 31, 2024. Sales improved slightly by $39 million to $42.8 billion. The Canadian supplier recorded income from operations before income taxes of $1.5 billion, down 4% year over year from $1.6 billion in the previous financial year. Adjusted earnings before interest and taxes at $2.3 billion was 4% up year over year from $2.2 billion recorded in 2023. The company’s full-year sales benefited from ...
Briefing
AutoTechInsight Weekly - 17 February 2025
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OPmobility reshuffles senior leadership team
OPmobility, previously known as Plastic Omnium, announced significant changes to its senior leadership team (executive committee) on Jan. 16. Christian Kopp, who most recently served as senior executive vice president and president of the Exterior Business Group, will now head a new Business Group that merges OPmobility's Exterior and Lighting activities, effective Feb. 1. Kopp will oversee 59 plants and 26,000 employees across 18 countries to bolster the Lighting business and development of ...
News
AGC FY 2024 net sales declines 2.4% year over year to $13.1 billion
Automotive glazing specialist AGC has reported a 2.4% year-over-year increase in net sales to ¥2.07 trillion (about $13.1 billion) in the financial year ended Dec. 31, 2024. Despite the growth in net sales, the Japanese supplier recorded a 2.3% year-over-year decline in operating profit to ¥125.8 billion. The company concluded the financial year with a net loss of ¥94 billion against a net profit of ¥65.8 billion in the previous financial year. Sales in the Automotive business remained st...
News
UVeye secures $191 million to bolster AI-driven vehicle inspections
UVeye, a leading company in AI-driven vehicle inspection technology, has recently announced a substantial funding round amounting to $191 million, elevating its total capital raised to $380.5 million. This funding, a mix of equity and debt, aims to support UVeye's rapid growth in response to the increasing global demand for its innovative vehicle inspection systems. The company is on the verge of scanning 1 million vehicles every month, indicating its strong position in the industry. The fund...
News
AutoTechInsight Weekly - 10 February 2025
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PPG’s FY 2024 net income declines 12.1% year over year to $1.1 billion
PPG has reported a 12.1% year-over-year decline in net income to $1.1 billion as net sales fell 2.4% year over year to $15.8 billion in the financial year ended Dec. 31, 2024. Despite lower sales, the US-based company recorded marginal growth in its income before income taxes to $1.9 billion compared with $1.7 billion in 2023. At $2.9 billion, adjusted EBITDA improved 2.9% year over year from $2.8 billion in 2023, resulting in an adjusted EBITDA margin of 18.1% compared with 17.1% in the...
News
Kongsberg Automotive expects minimum impact from US tariffs
Kongsberg Automotive (KA), responding to recent tariffs imposed by the US on imports from mainland China and potential tariffs on Mexican and Canadian goods, anticipates limited negative effects on its operations. The company, seeking to recover any additional costs resulting from these tariffs, plans to pass these costs onto its customers, a strategy that is expected to be adopted industrywide. Despite efforts to fully compensate for these additional costs, there is concern within KA that in...
News
European Commission approves acquisition of REHAU Automotive by Atlas Holdings
The European Commission has approved the acquisition of REHAU Automotive by the US-based private equity firm Atlas Holdings. In October 2024, Switzerland-based REHAU Group entered a definitive agreement to sell REHAU Automotive to Atlas. The transaction is expected to be completed by the end of the first quarter of 2025. REHAU Automotive supplies vehicle exterior products including bumper and polymer functional systems. The company operates at 25 locations in nine countries, employing 7,000 p...
News
Bharat Mobility Global Expo 2025 reflects growing appetite for EVs in India
The Indian electric vehicle industry seems to have entered the fast lane. The market is flush with new EV models, charging infrastructure is growing, and most of all, sales are rising. Nearly 100,000 EVs were sold in the country in 2024, a 20% growth compared to the previous year. The enthusiasm for EVs was quite visible at this year’s Bharat Mobility Global Expo, the leading auto show in India, now in its second year. The event held from Jan. 17–22 had more than 1,500 exhibitors and reco...
Insights
Sundaram Clayton opens new die-casting facility in Chennai, India
Indian auto component supplier Sundaram Clayton Ltd. (SCL) has inaugurated a new die-casting facility in Thervoy Kandigai, near Chennai, Tamil Nadu, India, Autocar Professional reported Feb. 1. The facility will manufacture aluminum die-cast components, including engine parts and structural elements specifically designed for electric vehicles, incorporating digital manufacturing to cater to both local and global markets. SCL has also expanded its US operations with the successful commissionin...
News
AutoTechInsight Weekly - 3 February 2025
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Argomm Group and Gapi Group agree to merge businesses to create key player in sealing solutions in Europe
Italy-based sealing solutions suppliers Argomm Group and Gapi Group have agreed to merge their businesses. The merger, scheduled to be completed in June 2025, is expected to help the Italy-based companies expand their range of products and services, optimize operational synergies, improve efficiency, and strengthen their global presence. The proposed merger will create a key player in the sealing systems business in Europe with a consolidated turnover of €220 million and 1,745 employees. Th...
News
Bridgestone to establish tire recycling pilot plant in Japan
Bridgestone has announced its plans to construct a pilot demonstration plant for the precise pyrolysis of end-of-life tires at its facility in Seki City, Gifu Prefecture, Japan. The plant, set to commence operations in 2027, is aimed at showcasing technology for the chemical recycling of tires, specifically to extract tire-derived oil and recovered carbon black. This initiative is part of Bridgestone's strategy outlined in its midterm business plan (2024-2026) for sustainable growth and aligns w...
News
Continental’s ContiTech plans to close four facilities in Germany
The ContiTech division of Continental intends to close four plants and downsize two others, affecting a total of 580 employees, Reuters reported Jan. 30. The division plans to close its plants in Bad Blankenburg, Stolzenau and Moers, as well as combined its sites in Frohburg and Geithain, all in Germany. In addition, ContiTech plans to end manufacturing operations at its Hannover-Vahrenwald plant in Germany by the end of the first half of this year and relocate operations to its plants i...
News
Suppliers to the new Skoda Elroq
Production of the car is expected to peak at 79098 in 2025, according to a forecast from S&P Global Mobility. The full-electric Skoda Elroq compact SUV (SKODA)  Suppliers to the new Skoda Elroq COMPONENT NAME SUPPLIERS Dash Insulator Inner Auria Side Member Wheel Housing , Seat Cross Member Gestamp Suspension Mount , Door Beams , Suspension Mount Vibracoustic Light Touch Module ,...
Insights
AutoTechInsight Weekly - 27 January 2025
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Axalta and Dürr partner on automotive digital paint technology
Axalta Coating Systems, a leading global coatings company, and Dürr Systems AG, a leading mechanical and plant engineering firm, have entered into a partnership to offer a digital paint solution, which combines Axalta’s NextJet technology with Dürr’s robotics integration, Dürr announced on January 22. Digital paint, which is also referred to as overspray-free application, is an advanced paint application that allows for precise paint placement. Under the terms of this strategic agreeme...
News
Autoneum reports slight improvement in FY 2024 sales to CHF2.34 billion
Autoneum reported a slight improvement in its sales to CHF2.34 billion in the financial year ended Dec. 31, 2024, amid a challenging business environment when global light vehicle production fell by 1.1% year over year to 89.4 million units. Excluding currency translations, Autoneum’s sales increased 4.2% year-over-year. The company sales in 2024 were in line with its guidance of CHF2.3 billion to CHF2.5 billion. Autoneum's financial performance for 2024 also included a preliminary ear...
News
Bharat Global Mobility Expo 2025: Hindustan Zinc launches new zinc alloys and low-carbon product
Hindustan Zinc Ltd. has introduced its new zinc die-casting alloys — HZDA 3 and HZDA 5 — along with the low-carbon zinc product EcoZen at the Bharat Mobility Global Expo, held in New Delhi, Autocar Professional reported Jan. 21. These innovations mark the company's efforts to enlarge India's automotive materials portfolio and address environmental concerns with a product boasting a 75% lower carbon footprint than traditional zinc. The development of HZDA 3 and HZDA 5 is a stra...
News
Hyundai Steel explores investment in US automotive steel plant to avoid tariffs
Hyundai Steel is exploring the possibility of setting up a manufacturing plant to supply automotive steel to Hyundai Motor and Kia in the US. The move, which entails a significant investment potentially amounting to several trillion South Korean won, is seen as a strategic response to navigate tariff barriers introduced by the Trump administration. As part of this endeavor, Hyundai Steel is in talks with various state governments, including those of Texas and Georgia, regarding the investment...
News
Bharat Mobility Global Expo 2025: Gestamp showcases innovative product lineup
Gestamp, a leading global automotive technology company specialized in the design, development and production of highly engineered metal components, is showcasing its innovative product lineup at the ongoing Bharat Mobility Global Expo in New Delhi, the company announced Jan. 20. As carmakers are increasingly focusing on electrification, connectivity, sustainability and safety, the demand for lightweight, eco-friendly materials that can offer top safety standards is also surging. This of...
News
AutoTechInsight Weekly - 20 January 2025
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Cleveland-Cliffs and Nucor propose bid to acquire U.S. Steel
Cleveland-Cliffs, in collaboration with Nucor, is preparing an all-cash offer to acquire U.S. Steel, proposing a bid in the high $30s per share. The strategy includes the subsequent sale of the Big River Steel mill to Nucor if the acquisition is successful. This move comes after President Joe Biden blocked Nippon Steel's $55 per share cash bid for U.S. Steel due to national security concerns. Cliffs CEO Lourenco Goncalves expressed his ambition to make another bid for U.S. Steel, following a ...
News
Hankook Tire, Solvay partner for sustainable tire manufacturing
Hankook Tires and Solvay have signed a memorandum of understanding (MOU) focused on advancing sustainable tire manufacturing by developing innovative circular silica derived from bio-sourced and waste materials. This collaboration combines Solvay's expertise in silica technology with Hankook's tire manufacturing capabilities and its prominent market position. Solvay's silica is known for its ability to lower rolling resistance, which not only reduces fuel consumption in vehicles with the...
News
AutoTechInsight Weekly - 13 January 2025
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Mainland China plans stricter controls on lithium technology exports
Mainland China has announced plans to impose stricter controls on the export of technologies crucial to lithium refining and battery chemicals production, reflecting its intent to protect its dominant position in the global battery and electric vehicle production supply chain amid escalating global trade tensions. The Ministry of Commerce revealed this initiative, seeking public opinion to potentially add such technologies to its list of items under export controls. This strategy is aimed at ...
News
AutoTechInsight Weekly - 6 January 2025
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President Biden blocks Nippon Steel's $14.9 billion acquisition of U.S. Steel
US President Joe Biden has blocked the $14.9 billion acquisition of U.S. Steel by Nippon Steel, Japan's fourth-largest steelmaker, citing national security reasons. The decision comes after a yearlong review process and considerable political opposition in the US, including from Biden and President-elect Donald Trump during the presidential election campaign. U.S. Steel, once a dominant force in the American steel industry and now the third-largest steelmaker in the US, and Nippon Steel criti...
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Nemak adjusts operations, postpones new facilities in Mexico and Germany
Nemak, based in Monterrey, Mexico, has announced a strategic adjustment to its operations, specifically in its business of producing battery housings for fully electric vehicles within the e-mobility, structure and chassis applications (EV/SC) segment. This adjustment is marked by a decrease in the contracted capacity for an awarded project, leading to a reduction in the anticipated future revenue from this program. As a result of this downsizing, Nemak is postponing the launch of its new man...
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Autoneum supports Renault in creating a low-carbon demonstration car
Autoneum has played a significant role in the development of the Renault Emblème, a low-carbon demonstration car designed by Renault Group aimed at reducing greenhouse gas emissions by 90% over the vehicle's entire life cycle. As a key partner, the Switzerland-based company has enhanced its sustainable Pure technologies for use in various interior and exterior components of the vehicle, leveraging its expertise in lightweight, recyclable monomaterials, life cycle analysis (LCA) and product inno...
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AutoTechInsight Weekly - 30 December 2024
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Ganfeng Lithium commences production at new Mali lithium plant
Ganfeng Lithium has successfully started production at its newly completed lithium processing plant in Mali, overcoming numerous challenges such as a new stringent mining code, security concerns and an oversupply in the lithium market. The project, situated in the Goulamina lithium mine in the southern Bougouni region, represents a significant achievement with its first phase already operational as of mid-December 2024. This phase boasts an annual production capacity of 506,000 metric to...
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SK Nexilis granted $133 million subsidy by Poland under EU's TCTF program
SK Nexilis Co., a South Korean company renowned as the world's largest maker of copper foil, announced that it has received a substantial subsidy amounting to $133 million from the Polish government. This financial support is provided under the EU's Temporary Crisis and Transition Framework (TCTF) program, which was introduced in March 2023 to facilitate subsidies for companies that contribute to achieving net-zero CO2 emissions, targeting sectors such as electric vehicles and batteries. ...
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Sriram Pistons & Rings agrees to acquire 100% stake in TGPEL Precision Engineering
Sriram Pistons & Rings Ltd. (SPRL), an automotive supplier based in India, has announced plans to acquire 100% shareholdings in TGPEL Precision Engineering Ltd. through its wholly owned subsidiary SPR Engineering Ltd. at an enterprise value of 2.2 billion Indian rupees (about $25.9 million), The Economic Times reported Dec. 10. The acquisition is expected to strengthen SPRL's position in the manufacturing of high-precision injection-molded components. The deal is expected to be completed by ...
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ACEA calls for stepwise approach for implementation of plastic recycled content targets
The European Automobile Manufacturers' Association (ACEA) has called on the EU Environment Council to adopt a stepwise methodology regarding the implementation of plastic recycled content targets. The vehicle manufacturers’ association has proposed an initial recycled content target of 15% to be achieved within 72 months, followed by a more ambitious target of 20% five years thereafter. In July 2023, the European Commission proposed a new regulation on circularity requirements for vehicle d...
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AutoTechInsight Weekly - 23 December 2024
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Kongsberg Automotive secures €56 million contract extension
Kongsberg Automotive (KA) has successfully secured a significant contract extension for its Fluoro-Comp and stainless-steel braided hoses, the company announced in a press release on Dec. 20. Valued at over €56 million in estimated lifetime revenue, this extension comes from a global tier 1 automotive supplier. The manufacturing of these products will take place at KA's facilities located in Suffield and Grand River in the US, as well as Ramos Arizpe in Mexico, over a period of five years. ...
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Norge Mining acquires Europe's largest graphite producer Skaland Graphite
Norge Mining, an Anglo-Norwegian company known for its significant resources of critical raw materials in southwest Norway, has announced its acquisition of Skaland Graphite AS, Europe's largest natural graphite producer, from Mineral Commodities Ltd. (MRC), an Australian mining company. The acquisition, which includes transferring 100% of Skaland to Norge Mining on a cash and debt-free basis, is slated for completion in the first quarter of 2025, pending customary closing conditions and re...
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Autoneum aids in creating Renault’s low-carbon Emblème vehicle
In a press release dated Dec. 19, Autoneum annnounced that it has played a significant role in the development of the Renault Emblème, a low-carbon demonstration car by Renault Group designed to lower greenhouse gas emissions by 90% over its lifespan. Autoneum contributed by optimizing its Pure technologies, known for their sustainability performance, and by supplying about thirty fiber-based components for the car, enhancing sustainability through high recycled content and a waste-free pr...
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Novares inaugurates a new plant in Czech Republic
Novares has inaugurated its new plant located in the city of Cerhovice in Czech Republic on Dec. 18, marking a significant move by the French company to maintain its operations in the Czech market, following the destruction of the Zebrak premises a few months earlier. This move is part of the Group's strategy to stay close to its global customers, ensuring the delivery standards in terms of quality and availability are met. The plant is set to continue serving its existing customer base, whic...
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Kongsberg Automotive secures major contract for air-suspension lines from EV manufacturer
In a press release dated Dec. 17, Kongsberg Automotive (KA) announced winning a significant contract valued at over €25.5 million in estimated lifetime revenue for the provision of air-suspension lines. This contract was awarded by one of the leading global electric vehicle manufacturers. The agreement specifies KA's role in producing nylon lines and connectors essential for the distribution and regulation of air within the air-suspension systems of EVs. These components are vital for ensur...
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Automotive Supplier Outlook 2025: Volume 4 Companies P - Y
S&P Global Mobility’s Matthew Beecham has engaged senior executives from 42 suppliers in the automotive supply chain for an end-of-year interview initiative. This initiative seeks to gather valuable insights into the challenges faced in 2024 and the strategies being formulated for 2025, prioritizing genuine experiences over elaborate strategies. This report is the final volume in a four-part series. The key discussion points include the challenges faced by automotive suppliers in 2024, ...
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McClarin and ExxonMobil partner to advance composite production
McClarin and ExxonMobil's Proxxima business have decided to collaborate to develop the launch of a high-speed machine-driven resin transfer molding (RTM) technology, according to a report by Plastics Today on Dec. 13. The new technology is expected to help accelerate growth of high-speed, closed-mold composites manufacturing. The joint development agreement includes a multimillion-dollar investment in automated RTM infrastructure at McClarin’s Oklahoma City, US, facility. The agreement...
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BASF launches Ultramid T7000 for advanced metal replacement solutions
BASF has introduced Ultramid T7000, a new portfolio of polyamide (PA) and polyphthalamide (PPA) blends, designed as an advanced metal replacement for structural parts that are often exposed to moisture. This innovation is distinguished by its better, more constant mechanical properties compared to PA66, particularly in terms of stiffness and strength in both dry and humid conditions. The inclusion of PPA in the blend significantly reduces water absorption, enhancing dimensional stability and ...
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Forvia, partners urge EU to uphold 25% plastic content target for new vehicles
In 2023, the European Commission released a draft revision to the End-of-life Vehicles (ELV) Directives, proposing a target of 25% recycled content for vehicles by 2030, of which 25% should be recycled from ELVs. Last week, Forvia joined other signatories comprising automotive suppliers, recycling and waste management companies, and nongovernmental organizations in requesting EU policymakers to uphold these targets. The signatories also suggested several key actions to enhance the recycl...
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Autoneum rolls out eco-friendly panels for commercial vehicles
Autoneum is enhancing its sustainable product offerings for commercial vehicles with the introduction of new polyester-based side and rear wall panels. These panels utilize Propylat PET, a technology that is eco-friendly and made of 100% polyester, offering a fully recyclable material option compared to the less recyclable composite or thermoset resin panels traditionally used in trucks. This choice not only supports better recycling possibilities but also improves acoustic and thermal manage...
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AutoTechInsight Weekly - 16 December 2024
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AGP E-Glass files for Chapter 7 bankruptcy protection in US
AGP E-Glass has filed for Chapter 7 bankruptcy in the Eastern District of Michigan bankruptcy court on Nov. 14. The company is a subsidiary of AGP Group, a Belgium-based supplier of advanced glazing solutions for several markets, including automotive. The bankruptcy petition showed AGP E-Glass’ liabilities of $4.6 million, according to a report by glassBYTES.com. These include items such as tools and equipment from Tesla, Volvo Group Trucks, and AGP E-Glass’ parent company. Despite the...
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Toyota Kentucky invests $922 million in new paint facility in US
Toyota Kentucky has announced a significant investment of $922 million to construct a new advanced paint facility, emphasizing the company's dedication to US manufacturing, environmental sustainability and stable employment. This state-of-the-art facility, set to open in 2027, aims to enhance operational efficiencies, diminish environmental impacts and improve the quality of vehicle finishes. The addition will expand the plant's capacity by 1 million square feet, while targeting a 30% re...
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Pusan National University scientists develop new simulation model to predict magnesium alloy fatigue
Researchers from Pusan National University, South Korea, have made a significant breakthrough by developing a hybrid simulation model that combines machine learning and physical principles for predicting the fatigue life of magnesium alloys, a key material in the lightweight automotive and aerospace manufacturing sectors. This new model, which offers a solution to the challenge of accurately predicting when magnesium alloys will fail under various stress conditions, represents an advancement ove...
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SK Chemicals and Hyundai partner for circular recycling for automotive parts
In a press release dated Dec. 11, SK Chemicals announced that it has successfully utilized circular recycling and bio-based materials in automotive components, in collaboration with Hyundai-Kia's AVP Division and Basic Materials Research Center, marking a significant advancement in the circular economy within the auto industry. This collaboration led to the development of the Kia EV3 Study Car, which featured six types of automotive parts made from these sustainable materials. The projec...
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Cyclic Materials Glencore strike major copper recycling deal
Cyclic Materials, an emerging leader in the advanced metals recycling industry focused on creating a circular supply chain for rare earth elements (REEs) and other critical metals, has entered into a significant multiyear offtake agreement with global natural resources company Glencore. This deal pertains to the supply of recycled copper, produced at Cyclic Materials' Spoke operations. The partnership is aimed at bolstering sustainable practices within the rare earths sector and promoting the...
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Forvia’s board appoints Martin Fischer as new CEO with effect from March 1, 2025
Last week, Forvia’s board of directors announced that Patrick Koller will step down as the CEO of the French supplier on March 1, 2025. Koller will be replaced by Martin Fischer, who was appointed as deputy CEO with effect from Dec. 6, 2024. Fischer brings to the table more than 25 years of experience in the automotive supplier industry. Most recently, Fischer served as a member of the ZF Group management board. He left the German supplier’s board of management in November. “Mar...
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US Energy Department to invest a total of $17 million in critical minerals technology projects
The US Energy Department (DOE) announced Dec. 10 that it plans to invest $17 million across 14 projects aimed at accelerating innovation in critical materials. This initiative seeks to promote safe, sustainable and efficient solutions to bolster current and future supply chain needs. The projects are set to take place in 11 states and focus on enhancing manufacturing for key technologies, including hydrogen fuel cells, high-efficiency motor magnets, high-performance lithium-ion (Li-ion) batterie...
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Automotive Supplier Outlook 2025: Volume 3 Companies K - N
S&P Global Mobility’s Matthew Beecham has engaged senior executives from 42 suppliers in the automotive supply chain for an end-of-year interview initiative. This initiative seeks to gather valuable insights into the challenges faced in 2024 and the strategies being formulated for 2025, prioritizing genuine experiences over elaborate strategies. This report is the third of four volumes. The key discussion points include the challenges faced by automotive suppliers, including increased r...
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