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    From ‘eyes-off’ hype to ‘hands-free’ reality: Premium OEMs bet big on L2+
    While automakers from China to North America have publicly confirmed their intentions to pursue Level 3, others most notably the early adopter German premiums are subtly easing off their Level 3 ambitions as their latest Level 2+ systems come to market. BMW, Mercedes‑Benz and Stellantis all went to market with highly publicized Level 3 plans, and both German automakers have Level 3 systems in market today in very limited availability. But each has discovered that the combination of high cos...
    Insights
    BEV-native leadership and established OEM transition in SDV readiness
    The recent adoption by many original equipment manufacturers (OEMs) of an electrical/electronic (E/E) architecture based on zone controllers supporting a software-defined vehicle (SDV) is slowly replacing distributed electronic control architectures that rely on small pieces of control code housed and distributed widely inside isolated electronic control units (ECUs). This new approach centralizes the hardware processing and memory in fewer, more powerful control units that will house functional...
    Insights
    Voltera and Revel combine to build urban fast-charging platform for fleets and autonomous vehicles
    Voltera and Revel announced that they have entered into a definitive agreement to combine their businesses, creating a next-generation infrastructure platform focused on building, owning, and operating fast-charging networks for autonomous vehicles, electric fleets, and ride-hail deployment in dense urban markets. The combined company will integrate Voltera's and Revel's capabilities in real estate, development, and power infrastructure to form a scaled platform aimed at delivering high-performa...
    News
    Pod acquires EO Charging to expand EV charging capabilities
    Pod Point Ltd. has acquired EO Charging, a specialist provider of electric vehicle fleet charging and end-to-end depot charging software solutions, in a move that significantly expands Pod's commercial fleet and energy management capabilities. With over 17 years of experience enabling the UK's transition to electric mobility, Pod has established itself as a leader in EV charging and a pioneer in energy flexibility, including support for grid balancing through incentivized smart charging....
    News
    Milepost acquires Trollhättan Energi public EV charging stations in Sweden
    Milepost AB, described as Sweden's first independent electric vehicle charging operator specializing in everyday charging, has entered into an agreement to acquire most of Trollhättan Energi's public charging stations for EVs. The acquisition covers almost 60 charge points used for everyday charging of up to 22 kilowatts, which are located at strategic sites in the central parts of Trollhättan, Sweden. Following this agreement, Milepost and Trollhättan Energi will cooperate to plan the int...
    News
    Indie Semiconductor to acquire ams OSRAM CMOS image sensor group for €40M
    Indie Semiconductor has signed a definitive agreement to acquire ams OSRAM's fabless CMOS image sensor group for €40 million, in a transaction aimed at strengthening its automotive advanced driver assistance system multimodal sensing portfolio. The carve-out, which has primary operations in Belgium and Portugal, is expected to close in the third quarter of 2026 and to be immediately accretive. The consideration consists of a €35 million cash payment at closing and a €5 million vendor debt ...
    News
    Renesas completes acquisition of Irida Labs to boost edge vision AI solutions
    Renesas Electronics Corporation has announced that a subsidiary of Renesas has completed the acquisition of Irida Labs, a Greece-based company specializing in embedded software for AI-powered visual perception systems. The acquisition is intended to strengthen Renesas' edge AI embedded processing offerings and enable system-level solutions that integrate physical AI and software to power camera and machine vision systems across the industrial, robotics, smart city, Internet of Things (IoT), agri...
    News
    Danish carsharing company GoMore acquires Getaround Europe
    Danish carsharing company GoMore has acquired the European operations of US-based carsharing company Getaround, an event described as significant for the Nordic circular economy and the European shared mobility sector. With this acquisition, GoMore stated that it has become the continent's largest carsharing service. The company emphasizes that its Finnish users and local team have played a major role in making the deal happen, highlighting that since its launch in 2020, GoMore has grown rapidly...
    News
    Geely reaches agreement to acquire Ford Motor's inactive facility in Valencia, Spain
    Chinese carmaker Geely Auto has reached an agreement to acquire the Body 3 assembly line at Ford Motor's Almussafes plant in Valencia, Spain, according to Spanish media outlet La Tribuna de Automoción. By taking over this currently inactive facility, Geely is expected to establish its own independent vehicle manufacturing operations in Europe. Geely plans to use the assembly line to produce a new energy vehicle (NEV) model based on the GEA (Global Intelligent New Energy Architecture) platfor...
    News
    Linamar completes acquisition of Winning BLW facilities in Germany
    Linamar Corp. announced the successful completion of the acquisition of Winning BLW's Remscheid and Penzberg manufacturing facilities in Germany. The acquisition, first announced in March 2026, further strengthens Linamar's technology platform, vertical integration, and long-term growth outlook. According to the Canadian supplier, the Remscheid facility is a leader in mass production of high-performance precision bevel and intermediate gears for the light vehicle market, while the Penzberg fa...
    News
    KPIT to acquire majority stake in automotive cybersecurity specialist Cymotive
    KPIT Technologies has announced an agreement to acquire a majority stake in Cymotive, an Israel-based automotive cybersecurity specialist, as part of its strategy to strengthen software and AI-driven capabilities for the global mobility industry. Under the proposed transaction, KPIT will initially invest $10 million in preference capital, subject to customary regulatory approvals and closing conditions. The investment will convert into equity upon achievement of specific performance milesto...
    News
    Epic Charging acquires Bluedot Technologies to expand EV fleet charging and payments platform
    Epic Charging, an electric vehicle charging software provider based in Silicon Valley, California, has acquired Bluedot Technologies, a Palo Alto-based all-in-one EV fleet charging management and payment platform that provides access to more than 80% of public US EV chargers. The deal, completed on May 1, includes all of Bluedot's branding, platform technology, intellectual property, customer contracts and key team members. The announcement was made from Menlo Park, California, on May 5, as E...
    News
    DKV Mobility acquires e-mobility platform provider Optimile
    DKV Mobility has completed the acquisition of Belgian electric mobility (e-mobility) platform provider Optimile NV from BNP Paribas Fortis and AG Insurance, further expanding its platform business and reinforcing its position in the European e-mobility market. The parties have agreed not to disclose financial details of the transaction. Sebastian Klauke, CEO of DKV Mobility, said that e-mobility is a key growth driver for DKV Mobility and that expanding technology and service capabilitie...
    News
    Wattif EV acquires Mer business portfolio to expand European charging network
    Wattif EV has announced the acquisition of Mer's business portfolio, increasing its network to 60,000 charging points and further strengthening its position as a provider of electric vehicle charging solutions in Europe. The transaction builds on an existing collaboration between Wattif and Mer, a subsidiary of Statkraft, and follows Wattif's acquisition of Mer's Norwegian residential charging portfolio in 2024. This new agreement extends the partnership into the business segment, reflecting ...
    News
    Netradyne expands European presence by acquiring Moove Connected Mobility
    Netradyne has announced the acquisition of Moove Connected Mobility, described as a leading European fleet intelligence and connected mobility company with deep expertise across major European markets. This acquisition is a significant milestone in Netradyne's global expansion and emphasizes the company's long-term commitment to Europe as a core strategic region. By combining Netradyne's AI-powered fleet safety and performance solutions and AI-driven edge intelligence platform with Moove's stron...
    News
    Ecobat completes sale of German and Austrian lead operations to Clarios
    Ecobat announced on May 4 the successful completion of the sale of its battery recycling and specialty lead operations in Germany and Austria to Clarios. The transaction includes Ecobat's facilities in Freiberg and Braubach, Germany, as well as the Arnoldstein operation in Austria. This sale, together with previously completed divestitures in France, Italy and the UK, marks Ecobat's exit from the European lead market and completes a multitransaction repositioning of its Resources division. ...
    News
    Forvia agrees to sell Interiors Business Group to Apollo Funds in €1.82 billion deal
    On April 27, Forvia announced that it reached an agreement to sell its Interior Business Group to Apollo-managed funds for €1.82 billion. The transaction is subject to information and consultation with employee representative bodies, as well as customary regulatory clearances, and is expected to conclude by the end of 2026. The successful closing of the sale will be a key milestone for Forvia’s IGNITE strategy, presented at its Capital Markets Day on Feb. 24. The divestiture is ...
    Briefing
    Adient acquires Romulus foam plant from Woodbridge to expand seating operations in US
    Adient announced that it has expanded its operational presence in the US by acquiring a foam production plant in Romulus, Michigan. The plant produces foam for seats supplied to multiple automaker customers and joins Adient's network of 10 foam plants in the Americas region. Globally, Adient operates 30 foam manufacturing plants. Adient purchased the plant from automotive supplier Woodbridge, and the agreement included the existing building and land, production equipment, inventory,...
    News
    USA Rare Earth to acquire Serra Verde in $2.8 billion cash-and-stock deal
    USA Rare Earth announced it will acquire Brazilian rare earths miner Serra Verde in a cash-and-stock transaction valued at $2.8 billion, extending a series of recent acquisitions that expand the company's mining, processing and magnet-making portfolio. Over the past year, USA Rare Earth has added British rare earths metals and alloy producer Less Common Metals and a stake in French processing firm Carester to its existing magnet manufacturing plant in Stillwater, Oklahoma, and its Round Top, Tex...
    News
    Magna enters agreements to divest global Lighting and Rooftop Systems businesses in three separate transactions
    On April 9, Magna International entered into definitive agreements to divest its global Lighting and Rooftop Systems businesses. According to the leading Canadian automotive supplier, a global investment firm will acquire its Lighting operations in North America, South America and China. A second investment firm will acquire Magna’s Lighting operations in Europe, while also taking ownership of the company’s global Rooftop Systems business in a separate transaction. Magna CEO Swamy Ko...
    Briefing
    Bosch Ltd. to acquire full stake in Bosch Chassis Systems India for $981 million
    Bosch Ltd., the Indian arm of global automotive supplier Robert Bosch GmbH, has approved the acquisition of a 100% stake in Bosch Chassis Systems India Private Ltd. for 90.7 billion rupees (about $980.8 million). The move is expected to strengthen the mobility portfolio of the Germany-based automotive supplier in India. The acquisition will be executed by buying out the equity stakes of the existing shareholders in Bosch Chassis Systems India — Robert Bosch Investment Ne...
    News
    Toyoda Gosei completes acquisition of Ashimori Industry
    On March 1, Toyoda Gosei completed the previously announced acquisition of all shares of Ashimori Industry Co. Ltd., making it a wholly owned subsidiary. Like Toyoda Gosei, Ashimori Industry is a major supplier of automotive safety systems, especially seatbelts and airbags, operating production facilities in Japan, the rest of Asia, Europe and the Americas. For the fiscal year ended March 31, 2025, Ashimori Industry generated sales of ¥72.6 billion (nearly $485 million). ...
    News
    Milepost acquires Mer’s Swedish everyday EV charging network
    Milepost AB, described as Sweden's first independent electric vehicle-charging operator focusing on everyday charging (alternating current [AC]), has acquired Mer's Swedish network of charging stations for everyday charging. The transaction covers approximately 250 charge points located across Sweden, from Åre in the north to Malmö in the south. Most of these charge points deliver up to 22 kilowatts, with a few capable of up to 50 kW. The agreement is in line with Mer's strategy to fully fo...
    News
    Linamar acquires Winning BLW facilities in Germany to expand precision gear and forging capabilities
    On March 27, Linamar Corp. entered into a definitive agreement to acquire the Remscheid and Penzberg facilities of Winning BLW in Germany, in a strategic transaction that expands its product portfolio and manufacturing capabilities. The acquisitions are expected to add approximately C$200 million in annualized revenue and further strengthen Linamar's global footprint. The Remscheid facility is a leader in mass production of high-performance precision bevel and intermediate gears for the light...
    News
    Antolin sells Indian operations to Shriram Pistons & Rings for €159 million
    Antolin reached an agreement to sell its three Indian legal entities to Shriram Pistons & Rings Ltd. (SPRL) for €159 million as part of its efforts to enhance its financial stability. The transaction, completed in early January, involved more than 1,500 employees transitioning to the new owner, a well-known supplier of engine parts in India. The divested business generates annual sales of approximately €110 million and specializes in producing automotive interior components such as headl...
    News
    Apollo Funds agrees to acquire Nippon Sheet Glass for $3.7 billion
    On March 24, Nippon Sheet Glass (NSG) announced an agreement to be acquired by funds managed by Apollo. This acquisition marks the largest private equity investment by Apollo Funds in Japan, valued at nearly $3.7 billion. As part of the transaction, Apollo Funds will provide equity support to enhance NSG's financial and growth prospects. Additionally, NSG's main lenders will transition a portion of their loans to equity, thereby stabilizing the company's balance sheet. The agreement aims to l...
    News
    Samvardhana Motherson completes acquisition of Yutaka Autoparts India
    On March 16, Samvardhana Motherson International Ltd. (SMIL) announced that it had completed the acquisition of Yutaka Autoparts India Private Ltd. (YAIPL), making YAIPL a wholly owned subsidiary of SMIL. This development was disclosed to the National Stock Exchange of India and BSE Ltd. under regulatory requirements. The transaction was concluded upon fulfillment of all conditions outlined in the Share Purchase Agreement, signed March 11, 2026. The acquisition of YAIPL is part of a broa...
    News
    Cabot completes acquisition of Bridgestone’s carbon black business in Mexico
    On Feb. 2, Cabot Corp. completed the previously announced acquisition of Mexico Carbon Manufacturing SA de C.V. (MXCB) from Bridgestone Corp. This transaction follows the definitive agreement made in August 2025 and the necessary regulatory approvals. The acquisition strengthens Cabot's partnership with Bridgestone, as Cabot has been a longtime supplier of reinforcing carbon products to the Japan-based tiremaker. It also expands Cabot's global manufacturing presence and bolsters its position ...
    News
    Electreon completes acquisition of wireless EV charging company InductEV
    Electreon has completed the acquisition of InductEV Inc., the prominent US-based provider of ultrafast, high-power stationary wireless charging for heavy-duty transit and freight. The transaction between the two companies aims to streamline the transition to electric mobility for commercial fleets by providing a range of charging solutions, including in-road dynamic charging, opportunistic charging during stops and overnight depot charging. Electreon offers a replaceable inductive solution fo...
    News
    Denso proposes $8.2 billion acquisition bid for electronics group Rohm - report
    Japanese auto parts supplier Denso has made a takeover bid for Kyoto-based electronics group Rohm, according to sources cited by Nikkei Asia report on March 6. The potential acquisition price could reach 1.3 trillion yen, equivalent to $8.2 billion. Should this deal go through, the combined entity would represent a significant force in Japan in the field of power semiconductors, which are utilized in electric vehicles and data centers. Reports suggest that the proposal was made in February or...
    News
    Suzuki Motor Corp. acquires solid-state battery business from Kanadevia Corp.
    Leading Japanese carmaker Suzuki Motor Corp. has entered into a business transfer agreement with Osaka-based Kanadevia Corp. to acquire the latter’s all-solid-state lithium-ion battery business, effective July 1, Suzuki announced March 4. The execution of this acquisition is subject to the fulfillment of customary closing conditions. Notably, Kanadevia began the development of all-solid-state lithium-ion batteries in 2006. According to the official note issued by Suzuki, Kanadevia’s al...
    News
    Toyota Motor increases offer for Toyota Industries to resolve dispute with activist fund Elliott Investment Management
    Toyota Motor has raised its offer price to acquire Toyota Industries Corp. (TICO) to ¥20,600 ($132) per share, valuing the bid at $30 billion, according to a Reuters report on March 2. The revision marks the resolution of a protracted negotiation with activist fund Elliott Investment Management, which had advocated for a higher price, deeming previous offers inadequate. Elliott has agreed to tender its shares under the new terms, acknowledging the improved offer as a positive outcome for min...
    News
    Lyten completes acquisition of Northvolt’s Swedish battery assets
    Lyten, a US-based emerging battery company, has completed the acquisition of Northvolt Ett and Ett Expansion (Skellefteå, Sweden) and Northvolt Labs (Västerås, Sweden), the company announced Feb. 27. According to Lyten, the acquisition of Swedish battery assets of Northvolt includes 16 GWh of existing battery manufacturing capacity, over 160 hectares of land, infrastructure and buildings to support expanded manufacturing and industrial activities, and the largest and most advanced battery ...
    News
    JTEKT signs basic agreement to transfer European automotive OEM business to LEO III.-VV25-A GmbH
    JTEKT Corp. has reached a basic agreement to transfer its European automotive business for original equipment manufacturers to Germany-based investment vehicle, LEO III.-VV25-A GmbH, an entity advised by DUBAG Investment Advisory GmbH. This agreement involves transferring the operations of the Japanese supplier’s loss-making European OEM business, including all shares of its seven consolidated subsidiaries engaged in the manufacture and sale of automotive components. As outlined in JTEKT's ...
    News
    Harbinger acquires Phantom AI to enhance ADAS tech
    Harbinger, a US medium-duty electric and hybrid vehicle manufacturer, has acquired the autonomous driving company Phantom AI. This acquisition allows Harbinger to integrate advanced computer vision technologies into its vehicles from 2026, incorporating features such as emergency braking and adaptive cruise control. This move caters to the demand for enhanced safety systems in medium-duty vehicles by the company's fleet customers. Alongside this, Harbinger has formed a licensing agreement with Z...
    News
    Plug Charging acquires Wattif's charge-point estate in the UK and Ireland
    Plug Charging, an electric vehicle infrastructure operator based in Cardiff, UK, has acquired Wattif's charge-point estate in the UK and Ireland. The acquisition encompasses 350 charge points located at various high-demand sites, including train stations, healthcare facilities, holiday parks, retail and hospitality venues across the UK and Ireland. These charge points will be incorporated into Plug Charging's operational framework, which includes management, monitoring and 24/7 driver support, a...
    News
    Be.EV acquires Mer's UK public charging network, expanding nationwide reach and enhancing convenience
    Be.EV has acquired Mer's UK public charging network, expanding its reach nationwide and enhancing convenience for customers seeking reliable charging options. The acquisition brings over 1,600 charging bays at more than 450 sites into Be.EV's network, bolstering its presence particularly in the South of England and complementing its existing operations in the North and Midlands. This move propels Be.EV into the UK's top 10 charging networks by rapid and ultrarapid-charging capacity, providing...
    News
    Leading charge-point operator Connected Kerb acquires Trojan Energy
    Connected Kerb has acquired Trojan Energy in a deal announced Feb. 10. The move came to light soon after Trojan Energy entered administration after it failed to secure necessary funding to support its operations and new technology development. The deal will provide Connected Kerb with access to Trojan Energy's Flat & Flush on-street charging technology and associated network, which aligns with its strategy to enhance smart, accessible and future-proof charging infrastructures catered...
    News
    Shell subsidiary Ubitricity acquires FM Conway’s SureCharge EV charging network in the UK
    Ubitricity, a wholly owned subsidiary of Shell and the UK's largest public electric vehicle charging operator, has announced the acquisition of FM Conway's SureCharge EV charging network. This transaction will integrate over 2,400 charge points into the Ubitricity Shell Recharge network, enhancing its coverage throughout London. The charge points are installed in lampposts on residential streets and operate at 4.8 kilowatts per hour, making them suitable for overnight EV charging. The...
    News
    Bridgestone enters agreement to sell steel cord business in mainland China and Thailand to Bekaert
    Bridgestone Corp. has reached an agreement to sell its Steel Cord business in mainland China and Thailand to Bekaert. The Japanese tiremaker operates its Steel Cord business in these two Asian markets with wholly owned subsidiaries: Bridgestone (Shenyang) Steel Cord Co. Ltd. and Bridgestone Metalpha (Thailand) Co. Ltd. Bridgestone expects this sale to be completed in the first half of 2026. The Thai subsidiary of the Japanese tiremaker, Bridgestone Metalpha, was established 30 years ago. It o...
    News
    Ouster acquires StereoLabs to enhance unified sensing platform for physical AI
    Ouster, a company specializing in sensing and perception for physical AI, announced that it completed the acquisition of StereoLabs SAS on Feb. 4. StereoLabs, known for its AI vision and perception solutions, has provided 3D vision systems since 2010, shipping over 90,000 ZED cameras to a customer base exceeding 10,000, and is supported by a broad developer community. With this acquisition, Ouster introduces physical AI's first unified sensing and perception platform, integrating digital lidar, ...
    News
    OPmobility eyes Hyundai Mobis lighting business to accelerate global expansion
    In late January, OPmobility signed a memorandum of understanding (MOU) with Hyundai Mobis to explore the potential acquisition of the South Korean supplier’s lighting business. The two companies aim to reach a definitive agreement in 2026. The acquisition promises to significantly expand OPmobility’s global position as one of the leading tier 1 suppliers of lighting systems, a business the French supplier entered just four years ago. Hyundai Mobis is the largest tier 1 ...
    Insights
    LG Energy Solution acquires full ownership of Canada's NextStar Energy from Stellantis
    LG Energy Solution is set to acquire full ownership of NextStar Energy, following a strategic decision made jointly with Stellantis, which will sell its 49% stake in the company. This transition is a result of extensive discussions with NextStar Energy's leadership and aims to ensure long-term growth and investment while maintaining a seamless transition. Established in 2022 as a joint venture between LG Energy Solution and Stellantis, NextStar Energy operates Canada's first large-scale battery ...
    News
    Dauch Corp. completes acquisition of Dowlais Group including GKN Automotive and Powder Metallurgy
    Dauch Corp. has announced the completion of its acquisition of Dowlais Group, including its subsidiaries GKN Automotive and GKN Powder Metallurgy. David C. Dauch, chairman and CEO of Dauch Corp., described this acquisition as a transformative event for both companies. The combined entity aims to become a leading driveline and metal-forming supplier in the global automotive industry, with a focus on meeting current demands and advancing into future propulsion technologies. Following ...
    News
    Texas Instruments to acquire Silicon Labs for $7.5B to enhance embedded wireless connectivity solutions
    Texas Instruments, a global semiconductor company, has announced a definitive agreement to acquire Silicon Labs, known for its secure, intelligent wireless technology, for $231.00 per share in an all-cash transaction, valued at approximately $7.5 billion. This acquisition aims to enhance Texas Instruments' capabilities in embedded wireless connectivity solutions by integrating Silicon Labs' mixed-signal solutions with its own analog and embedded processing technology. The merger will leverage...
    News
    STMicroelectronics completes acquisition of NXP's micro-electromechanical systems sensors business
    STMicroelectronics has finalized its acquisition of NXP Semiconductors' micro-electromechanical systems (MEMS) sensors business, a deal first announced in July 2025, which has now gained full regulatory approval. This acquisition enhances STMicroelectronics' global capabilities in automotive safety products and industrial application sensors. The company anticipates that this acquired business will contribute in the mid-40 million dollar range to its revenue in the first quarter of 2026. The tra...
    News
    Infineon acquires non-optical sensor portfolio from ams OSRAM for €570 million
    Infineon Technologies has entered into an agreement to acquire ams OSRAM's non-optical analog and mixed-signal sensor portfolio, valued at €570 million. This acquisition aims to fortify Infineon's presence in the automotive, industrial and medical sensor markets. The deal, set to close in the second quarter of 2026, involves taking over a fabless sensor business, including products, intellectual property, research and development capabilities, and necessary equipment. It also involves the tran...
    News
    Stoneridge sells Control Devices business to US-based private equity firm Center Rock for $59 million
    Stoneridge has completed the sale of its Control Devices business to an affiliate of the US-based private equity firm Center Rock Capital Partners. The transaction, which closed on Jan. 30, included a base purchase price of $59 million. The divested business line offers a full range of control modules, including door, interior and chassis control modules, for various vehicle architectures and original equipment manufacturers. Stoneridge plans to use the...
    News
    Milepost AB acquires Toveks Bil EV-charging stations in western Sweden municipalities
    Milepost AB, Sweden's first independent electric vehicle charging operator, has acquired the EV charging stations operated by Toveks Bil on municipal parking sites. Toveks Bil operates in 18 cities in western Sweden, offering wholesale services and vehicle support, and since 2022, has provided EV charging services in the municipalities of Lidköping, Sotenäs and Falköping in Sweden. Before this acquisition, Milepost had established its services in Lidköping on three sites. Under ...
    News
    Repairify and Opus IVS collaborate to boost automotive diagnostics
    Repairify's diagnostics brands, asTech and BlueDriver, along with Opus IVS, have announced their intention to combine efforts to accelerate innovation in the automotive diagnostics industry. This merger aims to integrate complementary technologies, extensive technical expertise and a talented workforce to help repairers efficiently service complex vehicles. With the evolution of automotive technology and the growing demand for accurate diagnostics and advanced driver assistance system calibratio...
    News
    Eaton announces plan to spin off Mobility Group
    Intelligent power management company Eaton has announced plans to separate its Vehicle and eMobility segments, collectively known as the Mobility Group, into an independent publicly traded entity. According to Eaton's CEO, Paulo Ruiz, this move aligns with Eaton's 2030 growth strategy, allowing the company to focus on its core Electrical and Aerospace businesses. The separation is intended to enable Eaton to capitalize on market trends such as electrification, digitalization, AI and increased in...
    News
    Benteler Group acquires Ioki from Deutsche Bahn for European autonomous mobility expansion
    The Benteler Group is acquiring Ioki GmbH, a provider of software-based mobility solutions, from Deutsche Bahn AG. The agreement has been signed, but details remain confidential, with the transaction's closing anticipated soon. The acquisition creates a new full-service provider for autonomous mobility in Europe, comprising Holon, Ioki and Benteler Mobility. Holon manufactures autonomous shuttles, Ioki offers platform and routing technology for dynamic services and public transport int...
    News
    LG Energy Solution to sell Ohio factory to Honda for $2.86 billion
    South Korea's LG Energy Solution announced plans to sell a factory building and associated assets in Ohio, US, to Honda Development and Manufacturing of America as part of a $2.86 billion deal. The agreement excludes land and equipment and is intended to enhance the operational efficiency of their joint venture. LG Energy Solution, however, will not dissolve the JV or reduce its stake, aiming instead to improve factory operations. Production at the site is anticipated to commence in 2026, wit...
    News
    Altius Minerals to acquire Lithium Royalty Corp. in C$521 million deal by 2026
    Lithium Royalty Corp. has announced a definitive agreement with Altius Minerals Corp., under which Altius will acquire all outstanding common shares and convertible common shares of Lithium Royalty Corp. This acquisition offers shareholders a choice of consideration per share, including 0.240 common shares of Altius, C$9.50 in cash, or if no choice is made, a combination of 0.16 common shares of Altius and C$3.17 in cash. The transaction does not require financing conditions and is projected ...
    News
    ZF sells ADAS business to in-cabin electronics supplier Harman
    ZF Group has agreed to sell its Advanced Driver Assistance Systems business to US-based in-cabin electronics specialist Harman International Inc. in a deal valued at €1.5 billion. The transaction, subject to regulatory approvals, marks a key milestone in ZF’s ongoing strategic realignment. ZF CEO Mathias Miedreich said the divestment allows the group to sharpen its focus on core technologies where it holds global leadership positions, including chassis systems, powertrain solutions, ...
    Briefing
    Zeekr delists from NYSE, completes merger with Geely
    Zeekr Group has finalized its merger with leading mainland Chinese automaker Geely Automobile Holdings, becoming a wholly owned subsidiary of the latter and ceasing to be a publicly traded company. Following the merger, Zeekr has requested the NYSE to suspend trading of its American Depositary Shares (ADS) by Dec. 22, 2025, and to notify the SEC of its delisting and deregistration of securities. This merger is part of Zhejiang Geely Holding Group's broader restructuring strategy, which aims t...
    News
    Samvardhana Motherson agrees to acquire Nexans AutoElectric's Wiring Harness business for €207 million
    The board of directors of leading Indian auto parts supplier Samvardhana Motherson International Ltd. (SAMIL) has approved the acquisition of certain assets of Nexans AutoElectric GmbH and Elektrokontakt GmbH for €207 million. The acquisition, to be carried out through Motherson Global Investments BV (MGI BV), a wholly owned subsidiary of SAMIL, is subject to employee consultations and regulatory approvals. Nexans AutoElectric is a well-known manufacturer specializing in automotiv...
    News
    Li-FT Power to acquire Winsome Resources and interest in Galinée property
    Li-FT Power Ltd. has entered a binding agreement to fully acquire Winsome Resources Ltd. through Australian share and option schemes of arrangement, contingent on fulfilling various conditions. Additionally, Li-FT has a nonbinding letter of intent with Azimut Exploration Inc. and Soquem Inc. to acquire a 75% interest in the Galinée property. The Galinée property is adjacent to the Adina project, and both are collectively referred to as Adina-Galinée. The Adina project boasts significant li...
    News
    Samvardhana Motherson completes acquisition of remaining 10% stake in Motherson Lumen Systems SA
    Samvardhana Motherson International Ltd. (SAMIL) has acquired the remaining 10% equity stake in Motherson Lumen Systems South Africa Pty. Ltd. This acquisition was carried out through Motherson Lumen Holding Ltd., which is an indirect wholly owned subsidiary of SAMIL. With this acquisition, Motherson Lumen Systems South Africa has become an indirect wholly owned subsidiary of the parent company. Motherson Lumen Systems South Africa operates a design, manufacturing and sales facility loca...
    News
    Audi Group partners with UST to expand Italdesign's global penetration
    The Audi Group has announced a strategic partnership with UST, a global transformation company specializing in AI-powered technology, design and engineering. UST, based in Aliso Viejo, California, will acquire a majority stake in Italdesign, which is owned by Automobili Lamborghini SpA, a part of the Audi Group. Lamborghini will retain a significant stake in Italdesign, ensuring Audi's continued involvement as a strategic partner and important client. UST's acquisition of Italdesign marks the...
    News
    Superior Industries completes acquisition by term loan investors, appoints new CEO
    Superior Industries has completed the acquisition by a group of its term loan investors, including Oaktree Capital Management. This transaction involves converting a significant portion of the investors' term loans into equity and terminating the company's preferred stock, effectively creating a robust capital structure to enhance long-term growth in the global wheel industry. As part of this development, Majdi Abulaban has resigned as CEO of Superior Industries with immediate effect. The US-...
    News
    Asahi Kasei divests lead battery separator business to focus on lithium-ion growth in North America
    Asahi Kasei, a global manufacturer with operations across the healthcare, homes and material sectors, has announced the strategic sale of its Daramic lead battery separator business to Kingswood Capital Management LP. The transfer of Daramic was completed on Dec. 1, with minimal impact on Asahi Kasei's consolidated financial results for fiscal 2025. Hideyuki Yamagishi, the primary executive officer and president of the Material Sector at Asahi Kasei Corp., emphasized that the divestiture...
    News
    Adient acquires 49% stake in mainland Chinese supplier SCI to form JV for innovative seating solutions
    Adient, a company specializing in automotive seating, has completed the acquisition of a 49% equity stake in SCI (Zhangjiakou) Co. Ltd., a supplier under Zhejiang Yoening Technology Group in China. This acquisition establishes a new strategic joint venture aimed at developing and manufacturing innovative seating solutions for the Chinese automotive market, particularly for key Chinese original equipment manufacturers. This collaboration is part of Adient's strategy to strengthen its presence in ...
    News
    StoreDot merges with Andretti to form XFC Battery, boosting EV charging technology
    StoreDot Ltd., an Israeli company specializing in extreme fast charging (XFC) battery technology for electric vehicles, has announced a definitive business combination agreement with Andretti Acquisition Corp. II, a publicly traded special purpose acquisition company based in the Cayman Islands. The newly formed entity, named XFC Battery (Pubco), aims to accelerate the commercialization of StoreDot's XFC batteries, addressing the significant consumer concern of long charging times in the EV mark...
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    Milepost acquires Enkla Elbolaget's EV charging stations in Swedish municipalities
    Milepost AB, Sweden's independent electric vehicle charging operator focused on everyday charging, has acquired the EV charging stations of Enkla Elbolaget. Enkla Elbolaget, an electricity provider serving consumers and enterprises across Sweden, has been offering EV charging services since 2015 in the municipalities of Karlshamn, Kristianstad and Ronneby. Under the agreement between Milepost and Enkla Elbolaget, Milepost will take ownership of Enkla Elbolaget's charging stations in these are...
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    Element to acquire connected vehicle payments company Car IQ
    Element Fleet Management Corp., a publicly traded automotive fleet manager, announced its acquisition of Car IQ, a technology company specializing in connected vehicle payments. This acquisition enables the integration of vehicle-initiated payments directly into Element's fleet management ecosystem, probably the first of its kind in the market. This strategic move allows Element to provide enhanced connected mobility, data and fleet management solutions with digital payments capabilities across ...
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    Tata AutoComp completes acquisition of IAC Group’s assets in Sweden
    Tata AutoComp Systems has completed the previously announced acquisition of International Automotive Components (IAC) Group Sweden's assets, expanding the Indian manufacturer's reach in Europe. The acquired business will operate as Artifex Systems AB, a wholly owned subsidiary of Tata AutoComp, with an annual turnover of about $800 million.  Artifex Systems AB operates three production facilities in Sweden, located in Låssby (Gothenburg), Färgelanda and Skara, employing approximately&n...
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    Inteva Products completes acquisition of portions of IAC Group’s business in Europe
    Inteva Products has completed the previously announced acquisition of portions of International Automotive Components (IAC) Group's European business. This acquisition aims to strengthen the US-based supplier's position in the automotive interiors market and expand its global engineering expertise.  Gerard Roose, president and CEO of Inteva Products, expressed enthusiasm over welcoming new colleagues from select IAC operations in Europe, emphasizing the shared commitment to innovation, e...
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    Wayve acquires Quality Match to enhance data quality in autonomous driving
    Wayve has announced the acquisition of Quality Match, a German startup known for its expertise in data quality assurance for computer vision datasets and AI. The acquisition underscores Wayve's commitment to data accuracy as an essential component of safe and scalable autonomous driving. Quality Match, founded in 2019, specializes in interpreting and analyzing data critical for training AI models, particularly in advanced assisted and automated driving applications. By integrating Quality Match ...
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    Toyota Boshoku America completes acquisition of TBDN Tennessee Co.
    Toyota Boshoku America has completed the acquisition of TBDN Tennessee Co. The acquired company was established in 1990 as a joint venture between Toyota Boshoku America and DENSO International America to manufacture automotive powertrain products, including air cleaners, air filters and oil filters. With the acquisition, Toyota Boshoku America has taken over the operations and assets of TBDN Tennessee Co. and rebranded it as Toyota Boshoku Jackson Tennessee LLC (TBJT). “We are gratefu...
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    Forvia explores partial sale of Automotive Interiors business unit to streamline portfolio, reduce debt
    Forvia is exploring its options to sell part of its Automotive Interiors business as part of its ongoing strategy to streamline its portfolio and reduce debt, Reuters reported Nov. 28. This initiative is part of a divestment program totaling €1 billion, which was announced in October 2023. The France-based company has already completed a quarter of the divestment program, with individual asset sales ranging from €50 million to €200 million. In a statement released on ...
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    Electreon and InductEV announce merger to advance wireless charging for EVs
    Electreon and InductEV are set to merge their operations once a definitive agreement is signed, with the aim of forming a comprehensive wireless charging solution for various electric vehicle use cases. By integrating Electreon's dynamic wireless charging and stationary high-power technology with InductEV's ultrafast static systems and charging platform, the combined company intends to support a range of vehicles, including passenger cars, vans, buses, heavy-duty trucks and autonomous vehicles, ...
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    Toyoda Gosei's first half revenue up 3.8% year over year to $3.6 billion
    Toyoda Gosei reported a 3.8% year-over-year increase in revenue to ¥535.6 billion (about $3.6 billion) in the first half of the financial year 2025/26, which ended on Sept. 30, 2025. Excluding the impact of foreign exchange, revenue increased 6% year over year. Higher revenue enabled the Japan-based company to record an operating profit of ¥32.9 billion, up 14% year over year, while net profit increased 52.3% to ¥27.7 billion. Revenue in Japan increased 6.4% year over year to ¥222.4 ...
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    Linamar completes acquisition of select assets of Aludyne North America
    Linamar Corp. has completed the previously announced acquisition of select assets from Aludyne North America. The strategic acquisition enhances Linamar's Structures and Chassis business by incorporating advanced capabilities in aluminum casting, precision machining and product design. The assets acquired from Aludyne include a range of structural components such as knuckles, subframes, control arms and axle housings. This aligns with Linamar’s strategic focus on developing propulsion-agnos...
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    Clarios acquires Maxwell Technologies to enhance energy storage solutions with supercapacitor technology
    Clarios, a global entity in low-voltage energy storage solutions, has announced its acquisition of Maxwell Technologies, a company specializing in supercapacitor cells and modules for various applications, including mobility and data centers. The acquisition aims to fortify Clarios' stance in high-performance, short-duration energy storage solutions by leveraging Maxwell's innovative supercapacitor technology. Supercapacitors are distinguished by their ability to charge and release energy rap...
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    Posco Holdings to invest 1.2 trillion won in lithium supply chain expansion
    Posco Holdings has announced its plan to invest 1.2 trillion won (approximately $820 million) in Australia and Argentina to strengthen its global lithium resource supply chains, aiming to improve lithium cost competitiveness and secure stable raw material procurement through aggressive investment strategies. On Nov. 12, Posco Holdings revealed its intention to acquire a 30% stake in Lithium Co. (tentative name), a new intermediate holding company to be established by the Australian mining com...
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    Inteva Products to acquire parts of IAC's European business
    Inteva Products announced an agreement to acquire certain portions of the International Automotive Components' (IAC) European business. The financial details of this agreement were not disclosed.  “This acquisition strengthens our presence in Europe, the world’s second-largest vehicle market, and reinforces our position as a key partner to global OEMs,” said Marco vom Wege, vice president and chief commercial officer of Inteva Products, responsible for M&A. Gerard ...
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    Schaeffler sells Chinese turbocharger business to Xiling amid strategic realignment
    Schaeffler has decided to sell its turbocharger business in mainland China, which is experiencing a downturn, to Chengdu Xiling Power Science & Technology Incorporated Co. This business, which is consolidated under Vitesco Automotive Shanghai Co. Ltd., reported revenue of about €100 million in 2024 and employs about 50 people. Schaeffler and Xiling signed the purchase agreement for the acquisition on Nov. 5. The transaction is expected to close in the first ha...
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    AtoB to acquire India's LogiPe to boost fleet financial solutions
    AtoB, a financial services company specializing in fleet payment and spend management solutions, has announced it intends to acquire LogiPe, a fleet solutions startup from India. This acquisition seeks to advance the creation of an integrated, next-generation financial ecosystem for fleet owners and operators globally. LogiPe, founded in 2022, has quickly gained a reputation in India with over 10,000 fleet owners as clients, including Bigstock Logistics and Instant Transports. The company off...
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    NXP acquires Aviva Links and Kinara to advance automotive connectivity and AI-powered edge systems
    NXP Semiconductors NV has completed its previously announced acquisitions of Aviva Links and Kinara, strengthening its automotive networking and edge AI portfolios. Acquisition of Aviva Links was finalized Oct. 24 via a $243 million cash purchase. Aviva Links is a key supplier of Automotive SerDes Alliance (ASA)-compliant high-speed in-vehicle connectivity solutions. The addition of Aviva Links expands NXP’s automotive networking capabilities across automotive and industrial/internet...
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    Axent Capital Partners acquires German automotive interior parts supplier Eissmann Group
    Axent Capital Partners has acquired the Germany-based automotive interior supplier, Eissmann Group. Eissmann supplies nearly all luxury car brands, including Rolls-Royce, Bentley, Lamborghini, Bugatti, Aston Martin, Porsche and high-end models from Mercedes, BMW and Audi. The company’s core expertise is the high-quality manufacturing of leather and textile materials for seat upholstery and interior components such as gear knobs, storage compartments and armrests.  The acquisition speci...
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    Renesas Electronics considers selling $2 billion Timing division amid industry interest
    Renesas Electronics Corp. is considering selling its Timing division, a move that could see the unit valued at nearly $2 billion. The Japanese semiconductor firm has engaged JPMorgan to explore this potential divestment, which is in its preliminary stages. There is expected interest from major players in the chip industry, such as Texas Instruments from the US and Germany's Infineon.  Renesas' Timing division specializes in integrated circuits responsible for managing clock, timing and s...
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    Linamar agrees to acquire Aludyne's North American assets for $300 million
    Linamar Corp., a Canada-based automotive supplier, has signed a definitive agreement to acquire select assets of Aludyne Inc. in North America for $300 million. Aludyne is a US-based automotive supplier specializing in lightweight aluminum chassis and structural technologies. This acquisition will significantly expand Linamar's manufacturing presence in North America, particularly in the US. The acquisition complements Linamar's existing Structures and Chassis business by enhancing capabiliti...
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    Chinese consortium acquires struggling lithium battery anode materials supplier Shanshan
    Shanshan Co. Ltd., a mainland China-based supplier of lithium battery anode materials, has agreed to be acquired by a consortium led by shipping magnate Ren Yuanlin and the founder of Jiangsu Xinyangzi Trading, Yicai Global reported Oct. 9. This acquisition follows a court order for its debt-laden parent company, Shanshan Group, to undergo asset restructuring. The consortium will pay 3.2 billion yuan (nearly $450 million) to gain a 23.3% equity stake in Shanshan, with Ren becoming the new contro...
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    Microchip and AVIVA Links achieve Automotive SerDes Alliance Motion Link interoperability
    Microchip Technology and AVIVA Links have achieved the Automotive SerDes Alliance Motion Link (ASA-ML) interoperability milestone, marking a shift toward open standards in automotive connectivity. In October, AVIVA Links announced its acquisition by NXP Semiconductors, reflecting industry support for ASA-ML standards. ASA-ML is being increasingly adopted by original equipment manufacturers and tier 1 suppliers for in-vehicle networking due to its high-speed communication capabilities for cameras...
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    Toray sells complete stake in LG Toray Hungary to LG Chem
    Toray Industries Inc., based in Tokyo, announced its decision to sell the remainder of its stake in the joint venture LG Toray Hungary Battery Separator Kft. to LG Chem Ltd. for approximately ¥30 billion (approximately $202.5 million). This JV operates in Hungary, producing and selling battery separator film for rechargeable lithium-ion batteries. Toray, which initially held a 50% stake in the company, had already agreed to sell 20% to LG Chem after June 30. With the new agreement, Toray is ...
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    Geotab acquires Verizon Connect's telematics operations in Europe and Australia
    Geotab has acquired the commercial operations of Verizon Connect's telematics business across Australia, the UK, Ireland, Italy, France, Portugal, Poland, the Netherlands and Germany as of Oct. 1. This strategic acquisition excludes Verizon Connect's product, engineering and non-sales teams, and aims to significantly widen Geotab's global reach and bolster its market presence, particularly within the small- to midsized fleet segment in international markets. By assimilating Verizon Connect's com...
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    Stroohm and Pluginvest merge to lead Belgian electric mobility market
    Two prominent Antwerp-based companies, Stroohm and Pluginvest, have announced their merger on Oct. 1, positioning themselves as market leaders in Belgian electric mobility. Both companies are recognized for their pioneering charging solutions for employees, both at home and in the office, and maintain a strong presence in publicly accessible AC and DC charging stations. The two companies also offer professional maintenance services. The newly formed entity will continue under the name Stroohm...
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    Uber acquires Segments.ai to boost AI capabilities in autonomous driving
    Uber Technologies has acquired Segments.ai, a Belgian startup known for its data labeling platform, to enhance the AI capabilities in its autonomous driving technology. This acquisition highlights Uber's commitment to refining its technology for autonomous vehicles. Although the financial terms of the deal have not been disclosed, Segments.ai will join Uber AI Solutions and contribute to Uber's ongoing efforts in expanding data annotation projects aimed at improving its lidar and multisensor tec...
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    Sweden grants approval to Lyten to acquire Northvolt’s assets
    Mikael Kubu, the insolvency administrator in Sweden, confirmed that all necessary approvals for the takeover of Swedish battery manufacturer Northvolt by US battery technology company Lyten have been granted. The transaction is expected to be finalized by the end of October. Separate negotiations will determine whether construction will continue at the Northvolt plant in Heide, Germany. Kubu indicated that the Swedish state authority, ISP, has approved the acquisition, and all required p...
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    Harman acquires Sound United to expand Audio Product business
    Harman International, a subsidiary of Samsung Electronics, has completed the acquisition of Sound United, the former consumer audio business of Masimo Corp. This acquisition incorporates Sound United's portfolio of renowned audio brands such as Bowers & Wilkins, Denon, Marantz, Definitive Technology, Polk Audio, HEOS, Classé and Boston Acoustics into Harman's operations. The strategic integration of these popular audio brands enhances Harman's product portfolio and supports business growth....
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    SES AI completes acquisition of Shenzen UZ Energy to penetrate global energy storage market
    SES AI Corp. has completed its acquisition of Shenzen UZ Energy Co. Ltd., a company recognized for its premium energy storage systems. With this acquisition, SES AI aims to become significantly involved in the global energy storage systems market, valued at $300 billion. UZ Energy contributes established hardware, potential expansion in North America, and existing customers in Australia, Europe and Asia to SES AI's operations. SES AI is entering the extensive energy storage systems market by ...
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    Arc Impact relaunches Desktop Metal as advanced manufacturing platform
    Arc Impact Acquisition Corp. has acquired selected assets of Desktop Metal Inc. out of Chapter 11 bankruptcy and is relaunching the business as an advanced manufacturing platform. This new venture aims to integrate binder-jet metal and ceramic additive manufacturing with production-grade polymers and AI-assisted materials research and development to bolster US manufacturing capabilities. The company plans to serve industries such as defense, automotive, aerospace, medical and energy by focusing ...
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    Tata Technologies acquires ES-Tec Group to enhance automotive engineering capabilities
    Tata Technologies (TTL), a global product engineering and digital services company, has announced its acquisition of ES-Tec Group, based in Wolfsburg, Germany. This acquisition is valued at €75 million, to be distributed over two years, inclusive of performance-based earn-outs. The deal is expected to be EPS accretive starting from the first year of operations. ES-Tec Group, founded in 2006, is recognized for its premium automotive engineering services, particularly in areas such as Driver Ass...
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    ExxonMobil to acquire technology and US-based assets of Superior Graphite
    ExxonMobil plans to strategically expand into the advanced synthetic graphite business by acquiring the technology and US-based assets of Superior Graphite, a company with over a century of experience in graphite and materials production. This acquisition, made Sept. 8, includes some select international offices of Superior Graphite and represents a significant step in establishing a robust synthetic graphite supply chain in the US. The move into synthetic graphite is driven by its advanta...
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    LG Chem partners with Toyota Group to enhance cathode materials market position
    LG Chem and Toyota Group have announced a strategic partnership aimed at enhancing their position in the cathode materials market. Toyota Tsusho Corp., part of the Toyota Group, has acquired a 25% stake in LG Chem's Gumi cathode plant, becoming the second-largest shareholder after LG Chem, which holds 51%. Huayou Cobalt's stake in the plant has reduced to 24%, down from 49%. This adjustment complies with the Prohibited Foreign Entity (PFE) criteria introduced in July, aligning with the US Inf...
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    Lyten announces new leadership for Europe after acquiring Northvolt
    Lyten, a US-headquartered company specializing in battery energy storage and materials innovation, has appointed new executives in Sweden and Poland, soon after agreeing to acquire Northvolt's assets in Europe.  According to Lyten, the executives selected for the respective roles possess extensive experience in industrial transformation. They are familiar with Northvolt's operations, having significantly contributed to stabilizing and enhancing operations over the past year. Matt...
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    EnergyHub acquires Bridge to Renewables (BTR) to expand managed EV charging capabilities
    EnergyHub, a provider of grid-edge flexibility solutions, has announced its acquisition of Bridge to Renewables (BTR), a company known for its telematics-based solutions that connect over 500,000 electric vehicles (EVs) and maintain partnerships with 12 original equipment manufacturers (OEMs). The acquisition aims to enhance EnergyHub's utility electric vehicle program growth and expand its partnerships with key EV OEMs. This move allows EnergyHub to integrate these resources with its Virtual Po...
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    Kerbo Charge acquires Charge Gully to enhance UK cross-pavement EV charging options
    Kerbo Charge, the largest provider of cross-pavement charging channels in the UK, has announced its acquisition of competitor Charge Gully. According to Michael Goulden, founder and CEO of Kerbo Charge, this move is intended to enhance customer choice by integrating Charge Gully's offerings, thereby boosting the adoption of cross-pavement charging across UK local authorities. Kerbo Charge plans to maintain Charge Gully as a stand-alone brand, allowing councils and users to select between Kerbo C...
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    Viaduct acquired by Sumitomo Rubber Industries to boost connected vehicle health solutions
    Viaduct has entered into an agreement to be acquired by Sumitomo Rubber Industries (SRI). This acquisition aims to combine SRI's expansive scale, international presence and esteemed brands with Viaduct's AI technology, thereby advancing the development of connected vehicle health solutions. This collaboration promises enhanced resources, swift innovation and an expanded platform for Viaduct's mission of enabling fleets, original equipment manufacturers and the broader mobility sector to der...
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    Finnish government takes controlling stake in Valmet Automotive; acquires CATL’s stake
    Valmet Automotive has announced several strategic decisions that will significantly impact its future growth. The Finland-based auto parts supplier and contract vehicle manufacturer plans to offer its expertise beyond the automotive industry. The company expects its special expertise in industrial serial production will benefit other sectors, including the defense sector. Valmet has also decided to divest Ioncor, its subsidiary focused on developing battery systems for hyb...
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    DENSO gets board’s approval for transfer of Spark Plug and Sensor business to Niterra
    DENSO Corp. has received approval from its board of directors to transfer its Spark Plug and Exhaust Gas Sensor business, including Oxygen Sensor and Air-Fuel Ratio Sensor business, to Niterra Co., formerly known as NGK Spark Plug. This decision was finalized during a board meeting on Sept. 1, following a business transfer agreement. The transfer aligns with the automotive industry's push toward electrification and carbon neutrality, amid expectations of the growing popularity of electri...
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