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    2026 Automotive Supplier Outlook
    In the wake of another tumultuous year for the global automotive industry, this report provides unfiltered insights directly from the front lines. S&P Global Mobility’s Matthew Beecham engaged with 59 senior executives from across the automotive supply chain to capture their experiences and strategies. Now in its third year, this comprehensive end-of-year analysis outlines the operational and strategic challenges suppliers faced in 2025 and how they are preparing for 2026. The suppliers...
    Insights
    2026 Automotive Analyst Outlook
    S&P Global Mobility’s 2026 Automotive Analyst Outlook presents a comprehensive collection of insights, reflections and forward-looking perspectives from our team of analysts. Drawing on a year marked by volatility, innovation and adaptation, our experts examine how the global automotive industry navigated the challenges and opportunities of 2025 — from supply chain disruptions and regulatory shifts to the evolving landscape of electrification, connectivity and consumer preferences. Throu...
    Insights
    Automotive industry faces looming supply shock as DRAM makers pivot to AI-centric HBM
    The automotive industry faces renewed turbulence as the Nexperia chip shortage disrupts supply chains already strained since the 2021–2022 crisis. While the industry is only now closing out the latest shortage episode linked to Nexperia components, a more disruptive challenge is emerging: a potential shortage of automotive DRAM chips beginning in the first quarter of 2026. Suppliers are increasingly reallocating wafer capacity toward high bandwidth memory (HBM) for AI data centers, where profi...
    Insights
    Israel opens first licensed EV battery recycling plant in Arad
    Israel has inaugurated its first licensed electric vehicle battery recycling plant in Arad, Israel, approved by the Environmental Protection Ministry. Re Car Technologies Ltd. (RE-CAR) has launched this facility dedicated to recycling lithium-ion batteries from EVs. The plant, situated in the northern industrial zone of Arad, occupies about 7,000 square meters and represents an initial investment exceeding 15 million shekels (about $4.73 million), with plans for additional investment in the...
    News
    Johor state in Malaysia discusses lithium battery plant with Gotion High-Tech for regional EV hub
    Malaysia's Johor state government is in the final stages of discussions with Gotion High-Tech Co. Ltd., a global battery technology firm, to establish an advanced lithium battery manufacturing facility. This initiative follows a recent visit and strategic meeting with Gotion's top management in Shanghai. Menteri Besar Datuk Onn Hafiz Ghazi indicated that setting up this facility would position Johor as a regional hub for electric vehicle battery production and energy storage systems. He empha...
    News
    Posco Future M collaborates with CNGR, Fino on lithium iron phosphate cathode materials
    Posco Future M has entered into a joint venture agreement with CNGR and its South Korean subsidiary, Fino, focusing on lithium iron phosphate (LFP) cathode materials. The agreement was finalized during a signing ceremony held Sept. 23, 2025, at Fino's headquarters in Anyang, Gyeonggi-do Province, attended by representatives from all three companies. This development follows board approval on Sept. 15, 2025, and aims to expand Posco Future M's presence in the rapidly growing energy storage sys...
    News
    Ithaca College boosts EV charging capacity with Recharge at IC initiative
    Ithaca College has completed the expansion of its electric vehicle charging network, enhancing sustainability and public accessibility. With the Recharge at IC initiative, the college has installed 30 new charging stations on its South Hill campus, increasing its charging capacity ninefold. Notably, this includes two dual-port DC fast chargers at the Athletics & Events Center, which are the first publicly available DC fast chargers on a New York State college campus. These stations are acces...
    News
    Lubricant supplier Gulf Oil to expand EV charging infrastructure in India
    Gulf Oil Lubricants India, supported by the Hinduja Group, is increasing its investment in the electric vehicle charging sector by enhancing its stake in Tirex Transmission to 65% through an additional 14% acquisition for approximately 380 million rupees (about $4.2 million). The move reflects Gulf's strategic shift from a traditional lubricant company to a mobility ecosystem player. Tirex, which manufactures high-speed DC chargers for fleet and highway operations, has shown significant ...
    News
    Exide Industries announces leadership change at EV battery subsidiary, invests $20 million
    Exide Industries Ltd. announced changes in leadership and a significant equity investment in its wholly owned subsidiary, Exide Energy Solutions Ltd. (EESL). The Indian battery supplier appointed Pravin Ramchandra Saraf as the new CEO and managing director of EESL on Dec. 22, 2025, replacing Mandar V Deo. On Dec. 23, 2025, Exide Industries invested 1.8 billion rupees (nearly $20 million) in EESL through a rights issue subscription, allotting 45 million equity shares at 10 rupees each, with a ...
    News
    India adds more than 27,000 EV charging stations nationwide
    India has marked a major milestone in its electric vehicle revolution, installing over 27,000 new charging stations across the country in 2025 to fuel the growing adoption of electric cars, bikes and commercial fleets. The expansion, detailed in a year-end statement from the Ministry of Petroleum and Natural Gas, underscores the nation's push toward sustainable mobility. Nearly 8,932 stations were established under the central government's Faster Adoption and Manufacturing of Electric Ve...
    News
    Orbia triples electrolyte production capacity with Wisconsin facility expansion
    Orbia's Fluor & Energy Materials division has completed a major expansion of its Custom Electrolyte facility in Madison, Wisconsin, boosting production capacity by approximately 300% to meet surging global demand for battery electrolytes. The project reached its final phase in early December 2025 with the addition of a second 75-liter mixer and a new 200-liter mixer, rendering the site fully operational. Launched in August 2024, the facility has already supplied tailored electrolytes for ...
    News
    Ecarx invests $23 million in Lotus Technology to enhance intelligent vehicle collaboration
    On Dec. 23, Ecarx announced a strategic investment of $23 million in Lotus Technology Inc. through a private placement. This agreement entails Ecarx subscribing to 16,788,321 newly issued ordinary shares of Lotus Tech at $1.37 per share, with the transaction expected to close within 30 days pending customary conditions. The shares will be subject to a six-month lock-up period with typical exceptions. The strategic investment aims to expand the collaboration between the two companies, foc...
    News
    Aluko Group to establish second US manufacturing facility in Tennessee
    Aluko Group has announced plans to establish its second US manufacturing facility in Halls, Tennessee. The South Korean supplier will invest $107.7 million to develop an integrated aluminum manufacturing operation in the former Tupperware building. The investment will create 285 new jobs in Lauderdale County. Aluko Group operates its first US production facility in Jackson, Tennessee. The new facility will support and expand Aluko Group's customer base in various industries, including electri...
    News
    Leapmotor secures $530 million from FAW
    Leapmotor, a leading manufacturer of new-energy vehicles (NEVs), has secured a significant investment from China FAW Group, marking a notable instance of a mainland Chinese state-owned automaker investing in an NEV startup. According to a regulatory filing, Leapmotor has signed an agreement on Dec. 28 with FAW Equity Investment, a wholly owned subsidiary of China FAW, to issue 74,832,245 domestic shares at 50.03 yuan (about $7.13) per share, raising 3.74 billion yuan. The newly rais...
    News
    ComEd awards rebate to BP Pulse for charging hub near O'Hare Airport
    ComEd has awarded a $500,000 electric vehicle rebate to BP Pulse to help develop one of the largest public charging hubs near O'Hare Airport in Des Plaines, Illinois. This initiative, through ComEd's Beneficial Electrification Plan, aims to enhance EV charging access and support local vehicle operators by installing 40 new ultrafast-charging ports. This project is part of a broader effort by ComEd, which has facilitated the installation of over 9,500 charging ports since launching its EV...
    News
    Naxatra Labs secures $3 million funding to boost R&D and production of EV motors
    Naxatra Labs, a deeptech company focused on high-efficiency electric motors, has secured $3 million in a Pre-Series-A funding round led by Rainmatter, Autocar Professional reported Dec. 23. Based in Ahmedabad, India, the startup designs and manufactures motors for electric vehicles and industrial applications. Apart from Rainmatter, the funding round attracted participation from individual investors, including Mohit Tandon of Delhivery, Vijay Shekhar Sharma of Paytm, and Aloke Bajpai of Ixigo. ...
    News
    Tata Motors Passenger Vehicles plans to expand EV portfolio with five new models by fiscal year 2029/30
    Tata Motors Passenger Vehicles Ltd. has announced plans to expand its electric vehicle portfolio by introducing five new models in India by fiscal year 2029/30, Press Trust of India (PTI) reported Dec. 23. The company also intends to enter the premium EV market under the Avinya brand by 2026, following the launches of the Sierra EV and Punch EV within the same year. In addition, Tata Motors Passenger Vehicles will introduce three new brands by the end of fiscal year 2029/30. Tata Mo...
    News
    Lithium Royalty Corp. acquires 1.5% royalty on Goulamina project in Mali for A$40 million
    Lithium Royalty Corp. (LRC) has entered into a definitive agreement to acquire a 1.5% Trailing Product Sales Fee (TPSF) royalty on the Goulamina lithium project in Mali from Leo Lithium Ltd. for A$40 million. The Goulamina project is operated by Ganfeng Lithium Co. Ltd., a significant player in the lithium market, and is expected to produce up to 500,000 metric tons of spodumene concentrate per annum. The transaction is structured to be completed in two phases, with the initial payment of A$2...
    News
    Eve Energy breaks ground on a 2-GWh sodium battery plant in mainland China
    Eve Energy, a leading mainland Chinese battery manufacturer, has commenced construction of a sodium battery plant in mainland China with the aim of advancing new battery technologies. The upcoming facility is expected to also serve as a business headquarters for the company's planned sodium-ion battery business in the future. The project, which also includes an AI robotics center, began on Dec. 22 in Huizhou, Guangdong. With an investment of approximately 1 billion yuan (about $140 mi...
    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
    UK West Berkshire Council to install 600 new EV chargers
    The UK's West Berkshire Council is advancing toward a sustainable future by collaborating with Connected Kerb to establish over 600 new electric vehicle charge points throughout the district. This initiative is supported by £382,000 from the Department for Transport's Local Electric Vehicle Infrastructure (LEVI) Fund, alongside private investment from Connected Kerb. The project aims to facilitate the transition to EVs, particularly benefiting residents in flats or homes without driveways...
    News
    Waymo seeks $10 billion funding at $100 billion valuation amid autonomous vehicle competition
    Alphabet's self-driving vehicle unit, Waymo, is reportedly in discussions with potential investors to raise funds at a valuation of at least $100 billion, according to a report from The Information. The financing round could potentially exceed $10 billion, with plans to arrange it in early 2026. Bloomberg News has also reported that Waymo aims to raise over $15 billion, with Alphabet leading this effort.  Waymo, which was established from Google's self-driving car project in 2016, offers...
    News
    Jaya Hind Industries invests $22.3 million to expand die casting plant in Chennai, India
    Indian supplier Jaya Hind Industries has commenced an expansion of its Chennai manufacturing plant in Tamil Nadu, India, with an investment of approximately 2 billion rupees (nearly $22.3 million), Autocar Professional reported Dec. 18. The investment aims to significantly increase the capacity of the precision aluminum die-cast component supplier.  The expanded facility will feature high-pressure die-casting machines with capacities ranging from 1,400 to 4,400 metric tons, designed to p...
    News
    PowerCo launches Salzgitter gigafactory with Unified cells production
    PowerCo SE has launched the Salzgitter, Germany, gigafactory, beginning the production of the first Unified Cells entirely within Europe, bolstering Volkswagen Group's position in battery technology. The cells, once produced, will be delivered for final road tests to brands including Volkswagen, ŠKODA and SEAT/CUPRA, with a debut in the Electric Urban Car Family planned for 2026. Volkswagen CEO Oliver Blume emphasized the strategic importance of this development, marking Volkswagen as the fi...
    News
    Mainland Chinese supplier Foresight opens new manufacturing plant in Aguascalientes, Mexico
    Wuhu Foresight Technology, a mainland China-based automotive supplier, has officially inaugurated a new manufacturing plant in Jesús María, Aguascalientes, Mexico. The project, with a financial commitment of 899 million pesos (approximately $50 million), is expected to create 300 formal jobs and will complement the 1,250 employees the company already has in the state. The new facility covers 29,000 square meters and is designed to enhance Foresight's capabilities in advanced manufactur...
    News
    Japanese supplier T.RAD plans $90.2 million production facility in Tennessee, US
    T.RAD North America, the US subsidiary of Japan-based automotive thermal system supplier T.RAD, has announced a $90.2 million investment in a new production facility in Clarksville, Tennessee. The project is set to generate 928 new jobs at the Clarksville-Montgomery County Corporate Business Park South, reinforcing Tennessee’s reputation as a hub for advanced manufacturing. The new plant will significantly increase T.RAD’s production capacity, enabling the company to expand its customer b...
    News
    Hyundai Steel partners with Posco Group to build $5.8 billion steel plant in Louisiana, US
    Hyundai Steel has teamed up with the Posco Group to jointly establish a steel manufacturing plant in Donaldsonville, Louisiana, US. The two South Korean steel companies will invest $5.8 billion in the greenfield plant, which is expected to commence commercial production in early 2029. Hyundai Motor Group — including Hyundai Steel, Hyundai Motor and Kia — will collectively hold an 80% equity stake in the venture, with Posco Group securing the remaining 20%. The total project cost will be s...
    News
    U Power and FTT Holding to form JV for expansion in Southern Europe
    U Power Ltd., a provider of AI-powered solutions for energy grids and intelligent transportation systems, has announced a Letter of Intent with FTT Holding Co. LLC to form a strategic joint venture. This JV is focused on accelerating U Power's expansion in Southern Europe. FTT Holding, a US-based technology-focused investment firm, intends to invest up to $50 million into this venture, supporting U Power's strategic growth in smart electric vehicle charging and next-generation energy infrastr...
    News
    Tier IV invests in Taiwan-based autonomous driving startup Turing Drive
    Tier IV has invested in Turing Drive, a Taiwanese startup specializing in autonomous driving systems for geofenced areas and low-speed operations. Both companies have agreed to form a capital and business alliance focused on advancing the development of autonomous driving technology and expanding their global operations. Tier IV is at the forefront of developing Autoware, a prominent open-source software for autonomous driving, supporting global testing to ensure safe deployment of the technolog...
    News
    USABC launches nine requests for proposal information to advance EV battery cell development
    The United States Advanced Battery Consortium LLC (USABC), under the United States Council for Automotive Research LLC (USCAR), has announced nine requests for proposal information (RFPIs) aimed at advancing battery cell development for electric vehicles. These RFPIs are part of a $90 million cooperative agreement with the US Energy Department (US DOE), with $60 million in federal funding. The objective is to identify developers who can meet or exceed USABC's targets for EV battery cells and ...
    News
    Mitsubishi Chemical to boost carbon fiber production in Japan and US
    Mitsubishi Chemical Corp. has announced plans to increase its carbon fiber production capacity in Japan and the US. The company’s decision is in response to the growing demand for lightweight and high-performance products in the sports and leisure, aerospace and automotive sectors, where carbon fiber is increasingly sought after for high-end applications. Mitsubishi Chemical's carbon fiber is noted for its exceptional strength and elastic modulus, meeting strict quality standards. To meet r...
    News
    Ford introduces strategic enhancements to Ford+ plan for diverse vehicle options and growth
    Ford Motor Co. has announced strategic measures to enhance its Ford+ plan, aiming to cater to customer demands while driving profitable growth. The company plans to offer a diverse range of options, including gas-powered vehicles, hybrids and electric vehicles. Ford's Universal EV Platform will support a variety of models, with an objective for hybrids, extended-range EVs and fully electric vehicles to constitute approximately 50% of its global volume by 2030, up from 17% in 2025. Ford will f...
    News
    RecycLiCo Battery Materials receives permits for new lab in Canada
    RecycLiCo Battery Materials Inc., a company involved in refining critical minerals and upcycling lithium-ion batteries, has announced the approval of construction permits for its new research and process-development laboratory in Delta, British Columbia. The approval by the local government allows RecycLiCo to commence construction, which is scheduled for significant completion by early 2026. With the lab design finalized and permits secured, RecycLiCo has initiated early construction prepara...
    News
    Volkswagen’s SEAT and CUPRA inaugurates battery-cell assembly plant in Spain
    Volkswagen (VW)-owned car brands SEAT and CUPRA have opened an all-new battery system assembly plant at the Martorell factory in Spain, SEAT announced Dec. 12. The move is seen as part of the VW Group's larger battery strategy to balance in-house and third-party cell supply to achieve maximum flexibility. In-house battery-cell assembly operations offer flexibility and control over the supply chain, while providing scope to innovate in technology and processes. The high-profile opening cere...
    Briefing
    Visteon opens engineering center in Tunisia to boost innovation
    Visteon has inaugurated a new engineering center in Tunis, the capital city of Tunisia, La Presse reported Dec. 14. The development marks a significant step for the US-based automotive supplier, which has operated in Tunisia since 2005. Visteon aims to expand its workforce in Tunisia to 900 employees by 2028, up from 560 at present, with nearly 40% in managerial roles. The new center is expected to support growth in engineering as well as research and development. Leveraging local talent, the...
    News
    Geely Group unveils world's largest automotive safety testing facility in mainland China
    Geely Auto Group has unveiled the Geely Safety Centre, now recognized as the world's largest and most advanced automotive safety testing facility, in Hangzhou Bay, Zhejiang, mainland China. Spanning 45,000 square meters, the center was established with an initial investment exceeding 2 billion yuan (nearly $284 million), demonstrating Geely's commitment to advancing safety technologies and elevating global safety standards. The new center encompasses comprehensive global safety testing, inclu...
    News
    Smackover Lithium attracts over $1 billion financing interest for Arkansas project
    Smackover Lithium, a joint venture between Standard Lithium and Equinor, has attracted more than $1 billion in financing interest for its Arkansas, US, lithium project. Three export credit agencies, including the US Export-Import Bank (EXIM) and Export Finance Norway, have shown interest in providing debt financing, though the third agency's name has not been disclosed. Standard Lithium's US-listed shares saw a 3% rise following this announcement. The JV is seeking up to $1.1 billion in senio...
    News
    Illinois launches $65.6 million funding for EV charging projects
    The Illinois Transportation Department (IDOT) has announced a new funding opportunity through the Illinois National Electric Vehicle Infrastructure Program, offering approximately $65.6 million for building electric vehicle charging stations statewide. This initiative advances the efforts from the first two rounds that funded 62 charging stations along Illinois interstates to support Gov. JB Pritzker's aim of having 1 million EVs on Illinois roads by 2030. Illinois Transportation Secretary Gi...
    News
    Naxion Energy introduces sodium-ion battery systems in India
    Naxion Energy has announced the commercial launch of its sodium-ion-based energy storage systems, produced at its Coimbatore facility in India. This development marks the company as India's first dedicated sodium-ion battery manufacturer. The systems integrate batteries, inverters and solar  Maximum Power Point Tracking (MPPT) components, available in 3.5-kW, 5-kW and 10-kW configurations with expandable capacity, catering to residential, commercial, industrial and defense sectors as alt...
    News
    ARENA invests A$21 million to boost EV charging infrastructure in Australia
    The Australian Renewable Energy Agency (ARENA) is investing A$21 million to expedite the transition to electric vehicles in Australia. Through ARENA's Driving the Nation Program, three new projects have been initiated to improve access to EV charging infrastructure, making it more affordable and readily available across the country. These initiatives aim to advance the infrastructure and insights necessary for Australia's shift toward zero-emission transportation. The projects include funding...
    News
    VisIC Technologies raises $26 million in second Round B funding for gallium nitride advancements
    VisIC Technologies, known for its work in gallium nitride (GaN) power semiconductors for electric mobility, announced the successful second closing of its Round B funding, raising $26 million. The funding round was led by a major semiconductor company and included participation from HKMC as a strategic investor. This achievement strengthens VisIC's position in GaN innovation for electric vehicle traction inverters, highlighting its contribution to the advancement of next-generation electric mobi...
    News
    Toyota Boshoku America opens first smart plant in Kentucky, fostering innovation and growth
    Toyota Boshoku America Inc. (TBA), the wholly owned subsidiary of Japan-based Toyota Boshoku Corp., has inaugurated a new manufacturing facility in Hopkinsville, Kentucky, the US. The facility, named Toyota Boshoku Western Kentucky (TBWK), spans 354,340 square feet across 48 acres in Hopkinsville's South Park Development. It began production of advanced seats in November. The new facility represents TBA's first "smart plant" and signifies advancements in innovation, sustainability and re...
    News
    Ace Green Recycling advances global zero-emissions battery recycling strategy in key markets
    Ace Green Recycling Inc. has announced significant progress in its global expansion strategy, with zero-emissions battery recycling equipment deployments in Taiwan, Thailand and Armenia. The company is shipping equipment for projects in Taiwan and Thailand, and has commenced shipments to Armenia for lead and lithium recycling. In Taiwan, Ace is collaborating with ACME Metal Enterprise, with equipment set to arrive early in 2026, marking phase two of its deployment to expand zero-emissions cap...
    News
    QuantumScape advances QSE-5 cell production with new Eagle Line installation in San Jose
    QuantumScape Corp., a company specializing in solid-state lithium-metal battery technology, announced the completion of the installation of essential equipment for its QSE-5 cell production in San Jose, California. This achievement marks an important annual goal for 2025. The Eagle Line, QuantumScape's automated battery cell pilot production line, is designed to lay the groundwork for gigawatt-hour-scale production through QuantumScape's technology licensing partners. To celebrate this m...
    News
    Benteler modernizes casthouse at Rufsoss plant in Norway to enhance use of recycled aluminum and reduce CO2 emissions
    Benteler has completed a significant modernization of its casthouse at the Raufoss Industrial Park in Norway. This investment aims to increase the use of recycled aluminum from 30% to 40% at the plant, with a goal of reaching 50% by 2030, while also decreasing CO2 emissions in the production process. The initiative supports Benteler's commitment to sustainable automotive production and assists original equipment manufacturers in achieving their climate objectives.  This modernizatio...
    News
    Aisin Canada invests $11 million to localize sunroof production for Lexus NX crossover
    Aisin Canada Inc., the Canadian subsidiary of Japan-based automotive supplier Aisin, intends to invest $11 million over the next year to localize production of panoramic sunroofs for the Lexus NX crossover, Automotive News reported Dec. 8. This investment will involve new equipment and will transition production from Asia to North America, making the Stratford, Ontario, plant the first outside Japan to manufacture these sunroofs. The factory will supply Toyota's assembly plant in Cambridge, Onta...
    News
    CATL and Hellobike to launch first batch of Level 4 robo-taxis by June 2026
    CATL and Hellobike's robo-taxi joint venture is preparing to deliver its first SAE Level 4 autonomous vehicles in small batches by March 2026, with mass production expected by June 2026. This initiative involves a partnership with Dongfeng Nissan's Venucia brand to develop the initial model based on the VX6 platform. The mobility platform, which includes Ant Group, an affiliate of Alibaba Group, was established in June 2025 to focus on advancing autonomous driving technology. The partners have i...
    News
    Spain unveils €1.3 billion package to boost EV growth
    Spain has announced a financial package of nearly €1.3 billion aimed at bolstering its electric vehicle market and industry in the upcoming year. This initiative is part of a larger plan to increase the share of EV production to 95% in the country by 2035, as stated by Prime Minister Pedro Sanchez. As of the first 10 months of 2025, the proportion of fully electric and plug-in hybrid vehicles manufactured in Spain stands at approximately 10%, while self-charging hybrids account for 26.7%. I...
    News
    Autolane secures $7.4 million funding to expand autonomous vehicle infrastructure
    Autolane, a company specializing in autonomous vehicle infrastructure, has secured $7.4 million in funding coled by Draper Associates and Hyperplane, with additional participation from Launch and Feld Ventures. The funding aims to facilitate Autolane's expansion across retail, restaurant and commercial property sectors. The company's technology supports autonomous ride-hailing services, such as Waymo and Tesla's robo-taxi, and autonomous delivery vehicles for retailers and restaurants within ...
    News
    Trinseo unveils fourth-generation SBR binder platform for EV and ESS applications
    Trinseo has unveiled its fourth-generation styrene-butadiene rubber (SBR) binder platform designed for electric vehicle and battery energy storage system (ESS) applications. This platform is part of the US-based specialty chemicals supplier’s strategy to bolster its leadership in high-performance materials, aiding the energy transition.  The development, grounded in advanced polymer science and collaboration with battery manufacturers globally, addresses industry needs for enhanced ene...
    News
    Sodecia Aapico JV invests $120 million in South Carolina manufacturing facility in US to serve Scout Motors
    The Sodecia Aapico Joint Venture, a joint venture company between Portugal-based Sodecia and Thailand-based Aapico, has announced plans to invest $120 million to construct a new manufacturing facility in Orangeburg County, South Carolina, the US. The 400,000-square-foot plant will produce ladder frames for Scout Motors and is expected to create nearly 400 new jobs. Established in May, the joint venture combines the strengths of both companies to serve Scout Motors, which is rev...
    News
    Maruti Suzuki plans nationwide expansion of EV charging network by decade's end
    Maruti Suzuki, India's largest carmaker, plans to establish over 100,000 charging points nationwide by the end of the decade to enhance consumer confidence in electric vehicles, according to Managing Director and CEO Hisashi Takeuchi. The company intends to launch its first EV, the eVitara, and aims to become the largest fast-charging original equipment manufacturer network by collaborating with 13 charge-point operators, having already set up 2,000 exclusive charging points across 1,100 citi...
    News
    Suncoast Charging launches EV charging network with first DC fast-charging station in Land O’Lakes, Florida
    Suncoast Charging Corp. has announced the official launch of its first electric vehicle DC fast-charging station, located in Land O'Lakes, Florida, which is now open to the public. This marks the beginning of Suncoast Charging's network build-out planned for 2026 and beyond. The station can serve up to eight vehicles simultaneously and features 325-kW fast chargers, indicating a strategic effort to provide reliable and high-performance EV infrastructure at locations that cater to customer pre...
    News
    South Korea to invest in next-gen battery technologies to boost global competitiveness
    The South Korean government has announced an investment plan of 280 billion won (approximately $191 million) over the next four years to develop next-generation battery technologies. These technologies include all-solid-state, lithium metal and lithium sulfur batteries. The initiative aims to boost the competitiveness of local companies amid global competition and was announced during a national advanced industry committee meeting led by Prime Minister Kim Min-seok. The Ministry of Trade, Ind...
    News
    GO Enerji partners with LG Energy Solution to jointly build a battery pack production facility in Ankara
    GO Enerji, a Turkish engineering and energy firm, and LG Energy Solution, a South Korean battery manufacturer, have announced a joint venture to establish a battery pack production facility in Ankara, Turkey. This project will involve an initial investment of €45 million and is scheduled to commence operations in the second quarter of 2026, with an initial production capacity of 2.5 GWh. The facility aims to expand its capacity to 7.5 GWh within two years, with long-term investment expec...
    News
    Kumho Tire plans $587 million investment in new tire production facility in Poland
    Kumho Tire has announced its plans to establish a passenger car tire production facility in the Opole region of Poland, aiming to enhance its presence in the European market. The new plant is expected to commence operations by August 2028, following the completion of necessary investment approvals and licensing procedures. Initially, the production capacity is set at 6 million tires per year, with plans to adjust output based on market conditions. The South Korean tiremaker will invest $587 mill...
    News
    V-Green partners with Telkom Property to expand EV charging in Southeast Asia
    V-Green, a global developer of electric vehicle charging infrastructure, has entered into a partnership with Telkom Property, a subsidiary of Telkom Indonesia, to advance green infrastructure development in Indonesia and Southeast Asia. They have signed a memorandum of understanding that allows V-Green access to various parking lots across Indonesia managed by Telkom Property to support EV charging stations and green transportation infrastructure, including electric taxis. Telkom Property, wi...
    News
    Canadian government grants over C$10 million to support EV charging infrastructure and R&D projects on electric motors
    The Canadian government has allocated over C$10 million to support the expansion of electric vehicle charging infrastructure as well as research and development of magnetic materials used in the production of electric motors. As part of this initiative, more than C$9 million will be allocated through the Zero Emission Vehicle Infrastructure Program (ZEVIP) to collaborate with Green Economy Canada and the New Brunswick Power Corp. This collaboration aims to install over 1,200 EV charge...
    News
    Yokohama Rubber opens new car tire manufacturing plant in mainland China
    On Nov. 22, Yokohama Rubber held an inauguration ceremony for its new passenger car tire plant in Hangzhou, mainland China. This plant was the first developed under Yokohama Rubber's 1-year plant challenge, which aims to complete the construction of a plant within a year and achieve low-cost, highly efficient production.  Construction of the new plant started in December 2024 and was completed by November 2025, ahead of schedule. The plant aims to quickly achieve mass prod...
    News
    Hyundai establishes future mobility battery campus in South Korea for EV and robotics advancement
    Hyundai Motor Group is advancing its battery technology through the establishment of its Future Mobility Battery Campus in Anseong, South Korea. The initiative involves a 1.2 trillion won (approximately $820 million) investment aimed at creating a comprehensive battery research and development hub by the end of 2026. This campus will focus on internalizing key battery technologies, including cell design, process engineering and integrated control systems to optimize electric vehicle performan...
    News
    Wisconsin grants $14 million for expanding EV charging infrastructure across the state
    The US state of Wisconsin plans to grant $14 million for the construction of electric vehicle fast-charging stations across the state, following a legal dispute with the US Trump administration. The latest funding round includes the installation of EV charging stations across 26 locations. Gov. Tony Evers, alongside the State Transportation Department, announced the allocation on Nov. 17. In 2024, Wisconsin allocated $22.4 million for over 50 EV charging projects. With the fun...
    News
    Gore opens battery lab in Shanghai to advance EV and energy storage solutions
    W. L. Gore & Associates has inaugurated a Battery Lab in Shanghai, aiming to enhance its global research and development capabilities for advanced battery materials. The lab will focus on developing critical materials for battery cells and packs, addressing aspects such as membranes, venting solutions, moisture management, explosion mitigation and pressure equalization. The facility offers customized, integrated solutions for original equipment manufacturers in electric vehicles, energy s...
    News
    NHK Spring plans new motor core production facility to meet rising demand in India
    NHK Spring has announced plans to establish a new motor core production facility at its Aurangabad plant in Maharashtra, India. The company will invest approximately ¥1.5 billion (nearly $9.5 million) to renovate the plant and relocate equipment, primarily for the stamping line. The plant expansion is expected to be completed by July 2026. NHK Spring also intends to make an additional investment of ¥5 billion to expand the building and add equipment in the future. These investments align wi...
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    Mahindra unveils network of ultrafast-charging stations for EVs across India
    Mahindra has launched a network of 180-kW ultrafast-charging stations for EVs, with plans to establish a total of 250 such stations across the country by the end of 2027. The automaker has already inaugurated two Charge_IN stations, targeting an expansion to over 1,000 touchpoints within the same time frame. The first two stations have been set up on NH75 near Bengaluru, India, and NH44 near Delhi, India, equipped with two 180-kW chargers capable of charging up to four EVs simultaneously. The...
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    Volkswagen opens its most comprehensive R&D hub outside Germany in mainland China
    Volkswagen Group China Technology Co. (VCTC) has completed the final expansion of its Hefei research and development center with the opening of its first Test Workshops, giving the Group full end-to-end development capabilities in the mainland Chinese market for the first time. The new facilities bring software, hardware and whole-vehicle validation together under one roof, speeding up decision-making, strengthening customer alignment and accelerating the rollout of next-generation technologies....
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    CATL-Stellantis break ground on a battery plant in Spain
    CATL, mainland China's largest battery-maker, and Stellantis broke ground on their planned battery manufacturing plant in Spain. The planned battery plant will be built in Figueruelas, which is located in the northeastern Aragon region in Spain. Approximately 2,000 Chinese workers will be involved in the factory's construction, followed by the recruitment and training of about 3,000 Spanish employees, according to union representatives. David Romeral, director general of CAAR Ara...
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    Carlex Glass America to expand Nashville manufacturing plant in US with $55 million investment
    Carlex Glass America, a US-based supplier of automotive glass, has announced plans to expand its advanced manufacturing operations in Nashville, Tennessee. The company is investing nearly $55 million in the project, which is expected to create 143 new jobs and equip its campus with advanced production lines. Scheduled for completion in mid-2026, the expansion will enable Carlex to manufacture larger precision-formed automotive glass products. Carle...
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    Point One Navigation secures $35 million in series-C funding led by Khosla Ventures
    Point One Navigation, a US-based startup specializing in high-precision location technology, has announced the successful completion of a $35 million series-C funding round, led by Khosla Ventures, with participation from existing investors IA Ventures, UP Partners and Alumni Ventures. This capital will be used for infrastructure expansion, software innovation, integration with original equipment manufacturers, and growth in research and development, engineering, customer success, and inter...
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    BASF Coatings launches Lean Lab at new Wuerzburg facility in Germany
    BASF Coatings has established a new laboratory at its site in Wuerzburg, Germany, reinforcing its commitment to digitalization, occupational safety, efficiency and sustainability. The laboratory operates under the innovative Lean Lab concept, focusing on the development and production of waterborne basecoats for the European automotive industry. Ralf Otte, vice president of Global Technology, Automotive OEM Coatings at BASF Coatings, highlighted the global rollout of the Lean Lab, emphasizing...
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    Metrosert launches mobile autonomous vehicle test laboratory
    A mobile autonomous vehicle test lab has been established in Estonia by the Applied Research Center and the Estonian National Metrology Institute Metrosert, with an investment of €0.9 million in the project. The facility, being mobile, allows testing to be conducted either where the customer's development team is located or at the intended operation site of the vehicle. Metrosert highlights the advantages of this approach, noting that it is more flexible and cost-effective compared to sta...
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    General Motors plans $300 million investment in US plant to manufacture 10-speed automatic transmissions for full-size pickups and SUVs
    General Motors (GM) has allocated $300 million for the Romulus Propulsion Systems plant in Michigan, US, to manufacture 10-speed automatic transmissions for full-size pickups and sport utility vehicles. The confirmation comes a few days after the US-based automaker announced plans to invest $250 million in its Parma Metal Center, located near Cleveland, Ohio, to produce sheet metal stampings and assemblies. While the investment in the Parma Metal Center is anticipated to...
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    GAC Group launches mainland China's first high-capacity solid-state battery production line
    GAC Group has achieved a significant milestone in the production of all-solid-state batteries by completing its first high-capacity production line in mainland China. This facility is capable of producing all-solid-state batteries over 60 ampere-hours (Ah), a level deemed sufficient for use in vehicles, as current batteries range from 20 Ah to 40 Ah. This development marks an accelerated push by mainland China to commercialize this advanced technology for the new-energy vehicle (NEV) sector. ...
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    EV Buddy receives clean tech seed grant for innovative EV charging solution
    EV Buddy Inc., a clean-tech startup based in Edison, New Jersey, has been selected by the New Jersey Commission on Science, Innovation and Technology (CSIT) to receive a Clean Tech Seed Grant as part of its fourth round. This grant aims to assist the company in testing, improving and launching its innovative electric vehicle to electric vehicle (EV-to-EV) roadside charging solution, which is designed to prevent drivers from getting stranded with a low battery. The startup, located near Thomas Ed...
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    Vianode begins site preparation for synthetic graphite facility in Ontario
    Vianode, a Norwegian producer of advanced battery materials, has initiated site preparation at its new synthetic graphite facility named Via TWO, located in St. Thomas, Ontario. This development is pivotal in Vianode's expansion plans within North America, anticipated to generate hundreds of high-skilled jobs in the region. The facility is projected to become North America's largest production site for low-emission synthetic anode graphite, a crucial component for electric vehicle batteries a...
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    Valeo aims to triple revenue from India to €700 million by 2028 under Elevate 2028 strategy
    Valeo has placed a strong focus on India as a central part of its growth strategy, aiming to triple its revenue in the country to approximately €700 million by 2028 under the Elevate 2028 road map. This plan, revealed last week at Valeo's Capital Markets Day in Paris, represents a shift from a technology-centric turnaround to a financially disciplined strategy emphasizing growth. While the global strategy aims to improve margins, cash flow and sales growth starting from 202...
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    Maruti Suzuki invests in connected mobility startup Ravity Software Solutions
    India's leading carmaker, Maruti Suzuki India Ltd. (MSIL), has announced an investment of nearly 20 million rupees (about $224,140) in Ravity Software Solutions Private Ltd., acquiring a 7.84% equity stake through the Maruti Suzuki Innovation Fund. Bengaluru, Karnataka-based Ravity Software Solutions is a technology-centric startup specializing in providing connected mobility insights. The strategic investment is part of Maruti Suzuki's initiative to support startups with innovative...
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    Hyundai builds cybersecurity command center to safeguard connected cars
    Hyundai Motor Group has launched a dedicated unit focused on responding to cyberthreats and is significantly increasing its investment in information security. This move aims to bolster protection across the group as it prepares for the fully connected-car era. The new cyberthreat response team, led by Yang Ki-chang, head of Hyundai Motor's Integrated Security Center, will address cyberattacks, including hacking and ransomware, while monitoring security vulnerabilities. This marks the group...
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    Delta Charge secures €3.7 million to expand truck-charging network across Europe
    Delta Charge, a Swedish-German startup specializing in charging and battery storage solutions for electric trucks, has successfully raised €3.7 million in an oversubscribed funding round. This round was led by Vireo Ventures and Rethink Ventures, with participation from executives at Audi and Allianz, German family offices, and founders in Munich's ClimateTech ecosystem. The newly raised capital will be used to expand Delta Charge's pan-European network of truck-charging depots and bat...
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    Murata Manufacturing opens new production building in Philippines to meet growing demand for multilayer ceramic capacitors
    On Oct. 22, 2025, Philippine Manufacturing Co. of Murata Inc., a manufacturing subsidiary of Japan-based Murata Manufacturing, inaugurated a new production building in Batangas, Philippines, which had been under construction since August 2023. The new production building will enable the Japanese supplier to enhance its global production capabilities in response to the anticipated medium- to long-term increase in demand for multilayer ceramic capacitors (MLCCs), driven by growth in the mobil...
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    JBM Group forms JV with Sodecia to establish hot stamping facility in Pune, India
    Indian auto parts supplier JBM Group has finalized a joint venture with Portugal-based Sodecia Automotive International to establish a hot stamping manufacturing facility in Chakan, near Pune in Maharashtra, India, Autocar Professional reported Nov. 20. The two partners have laid the foundation stone for the new plant at JBM Group's Neel Metal Products Ltd. facility in Chakan. This JV entails an investment of 1.5 billion rupees (nearly $16.7 million), with the facility expected to be operational...
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    General Motors to invest $250 million in US Parma Metal Center to boost sheet metal production
    General Motors (GM) has announced plans to invest approximately $250 million in its Parma Metal Center in Ohio, US. This investment will facilitate the production of sheet metal stamping and assemblies to support the automaker’s Orion Assembly in Michigan, US; Spring Hill Manufacturing in Tennessee, US; and Fairfax Assembly in Kansas, US. With this investment, GM’s total manufacturing investments for 2025 will reach approximately $5.5 billion, reflecting the company's focus on dome...
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    IONNA to invest $250 million to expand EV charging network in California
    IONNA, a joint venture and nationwide electric vehicle charging network, has announced a planned investment of over $250 million in California's EV infrastructure. The investment aims to expand the network of Rechargery stations across major metropolitan cities in the state over the next three years, as part of an initiative first revealed in May. The recent weeklong kickoff tour in cities such as San Francisco, Sacramento, San Diego, San Jose and Westminster marks a significant milestone, wi...
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    Magna opens new facility in mainland China to expand electric drive system production
    Magna is expanding its presence in mainland China by opening a new manufacturing facility in the Jiujiang Economic Development Zone, Wuhu. This expansion aims to meet the growing demand for electric drive systems, beginning with Magna's collaboration with Chery and potentially serving additional automakers in the future. The newly leased facility spans over 160,000 square feet and is expected to create approximately 200 jobs upon reaching full production capacity. As mainland China's automoti...
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    Weev to install over 250 EV charge points in Northern Ireland under ORCS scheme
    Weev, an electric vehicle infrastructure company, has been appointed to deliver over 250 EV charge points across nine councils in Northern Ireland. This initiative is part of the Office for Zero Emission Vehicles' (OZEV) On-street Residential Chargepoint Scheme (ORCS). The charge points will be installed in residential areas across various towns and cities, with work set to begin in the coming weeks. The ORCS project sees a £2 million investment, funded by OZEV with £1.4 million, the Depart...
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    EU awards over €600 million to alternative fuel projects to boost zero-emission mobility
    Seventy projects across 24 EU countries are set to receive over €600 million in EU grants aimed at electrifying and decarbonizing various transport modes, including road, maritime, inland waterway and air transport, as part of the Trans-European Transport Network (TEN-T). The funding will be used to establish alternative fuel supply infrastructure, such as electric recharging stations, hydrogen refueling stations, electricity supply, and ammonia and methanol bunkering facilities. For roa...
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    Orlen launches fast-charging hub for EVs on S7 expressway in Poland
    Orlen has launched its first modern fast-charging hub for electric vehicles under the Orlen Charge network, located at the Olsztynek Południe Motorway Service Area along the S7 expressway in Poland. This facility allows vehicles to charge up to three times faster than previous standards, taking approximately 20 minutes, and features an advanced power-sharing system that adjusts power needs up to 400 kW per charging point. By the end of 2025, Orlen plans to open over a dozen additional hubs a...
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    LG Chem secures significant deals for supplying cathode material from US companies
    LG Chem has entered into a cathode material supply contract valued at 3.762 trillion won (about $2.6 billion) with its undisclosed electric vehicle customers in the US. According to the news report, the contract is set to last until the end of July 2029. LG Chem has achieved a total production capacity of 150,000 metric tons of cathode active materials (CAM), with the capacity distributed across its Cheongju and Gumi plants in South Korea, as well as its Wuxi plant in mainland China...
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    NJEDA launches Take Charge Program to boost EV charging stations across New Jersey
    The New Jersey Economic Development Authority (NJEDA) Board has approved a new program, the Take Charge Program, aimed at increasing electric vehicle charging stations across New Jersey, US. With a budget of $50 million, this initiative will fund charging infrastructure projects for private commercial fleets, facilitating the transition to EVs on New Jersey roads. The program addresses the high costs associated with the installation and necessary site upgrades for reliable EV chargers, offeri...
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    Terawatt Infrastructure opens new EV charging hub in Rialto, California
    Terawatt Infrastructure has announced the opening of its newest commercial electric vehicle charging hub in Rialto, California. Situated on the eastbound side of Interstate 10, this site supports EV fleets traveling across one of the nation's busiest freight corridors. The Rialto charging hub reflects Terawatt's vision of a connected and electrified network, offering fast and reliable high-speed pull-through charging along an electric lane that stretches from the Ports of Long Beach and Los Ange...
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    Samsung and Hyundai commit to domestic investments after US-South Korea trade deal
    Samsung Electronics and other major South Korean manufacturers, including Hyundai Motor Group, Hanwha Ocean and HD Hyundai, announced plans for domestic investment, following concerns that a US trade deal could potentially divert investments away from home, as reported by Reuters on Nov. 16. Samsung Electronics revealed it will add a new chip production line at its Pyeongtaek plant in South Korea to cater to the growing demand fueled by the global surge in AI. This is part of a broader init...
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    CATL, Nio leasing JV raises $94 million to fund R&D
    Weineng Battery Asset, a joint venture between Nio and Contemporary Amperex Technology (CATL), has successfully raised 670 million yuan (about $94 million) to support research and development initiatives and facilitate business expansion. The latest fundraising effort was led by Nio and CATL and received backing from two new state-owned investors, one based in Haining, Zhejiang province, and the other in Chengmai, Hainan province. The Wuhan-based company was established in 2020 with the go...
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    CATL begins mass production of its fifth-generation lithium iron phosphate batteries
    Chinese battery-maker CATL has commenced mass production of its fifth-generation lithium iron phosphate (LFP) batteries, advancing breakthroughs in energy density and cycle life. Robin Zeng, founder, chairman and CEO, highlighted that the current fourth-generation LFP batteries outperform the mainstream second- and third-generation products in energy density, lifespan and power output. Zeng shared these insights at the 2025 World Power Battery Conference in Yibin, Sichuan. CATL also mainta...
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    Mercedes-Benz opens its first R&D facility in Kecskemét city, Hungary
    German luxury-car maker Mercedes-Benz is investing €55 million in establishing its first research and development center in Hungary. Péter Szijjártó, minister of Foreign Affairs and Trade, government of Hungary, announced that Mercedes-Benz's investment in the city of Kecskemét will include early hardware and software development, with prototype testing to soon begin. The technologies developed at the newly opened R&D center will be used in new electric p...
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    OPmobility aims to double US sales by 2030, opens new North American headquarters in Michigan
    OPmobility has reaffirmed its goal to double its sales in the US by the end of 2030, compared to 2024. The announcement coincided with the grand opening of its new North America headquarters in Troy, Michigan, on Oct. 23, celebrating 50 years of presence, investment and innovation in the US. The French supplier has a significant presence in North America, with 26 plants and nine research and development centers, employing nearly 8,000 people. In 2024, the company generated sales of €3.39 bi...
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    Gulf Oil plans to increase local content in its EV chargers in India
    Gulf Oil Lubricants India is actively advancing its localization efforts within the electric vehicle charging sector, having already achieved approximately 55% localization and aiming for further progress. The news was disclosed by the company's Managing Director and CEO Ravi Chawla, on the sidelines of the India EV Conclave. During the panel discussion at Autocar Professional's event held at Hyatt Regency in Delhi, Chawla detailed Gulf Oil's comprehensive approach to e-mobility, noting that ...
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    Toyota launches new EV battery plant in North Carolina, US
    In a press release dated Nov. 12, Toyota announced that it has commenced operations at its new $13.9 billion battery manufacturing plant in Liberty, North Carolina — the company’s first battery plant outside Japan and its 11th US facility. The state-of-the-art plant is expected to create up to 5,100 new American jobs and serve as a cornerstone for Toyota’s expanding portfolio of electrified vehicles. Toyota also announced that it plans to additionally invest up to $10 billion over the n...
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    Fine Stamping opens new facility in Serbia for supplying motor lamination cores for EVs
    Fine Stamping, a mainland China-based supplier of motor lamination cores, has inaugurated a plant in Apatin, a city located in the northern Vojvodina province of Serbia. According to the Apatin city government, the company plans to invest a total of €50 million in the plant by the end of the investment cycle. The plant will specialize in producing motor lamination cores for electric vehicles and is expected to create 150 new jobs. "The Fine Stamping factory brings new jobs, modern technolog...
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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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    BASF Coatings opens advanced automotive OEM coatings facility in Germany
    BASF Coatings has inaugurated a production facility for automotive original equipment manufacturing coatings at its Muenster site in Germany. The new plant focuses on producing high-demand colors and aims to ensure consistent product quality and improved production efficiency. This investment marks a strategic milestone that strengthens BASF Coatings' competitiveness in high-volume coatings, leveraging advanced automation to support sustainable operations and enhance process reliability. This...
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    Samvardhana Motherson Group invests $50 million to expand Tlaxcala plant for Audi Q5 production
    Samvardhana Motherson Group has announced plans to invest $50 million to expand its Zitlaltépec plant in Tlaxcala, Mexico, according to a report by MexicoNow published Nov. 7. The planned investment will help the India-based auto components supplier serve its primary customer, Audi, and accommodate the anticipated increase in production of the Audi Q5 model. The expansion project is expected to generate 150 direct jobs and 300 indirect jobs, reinforcing Motherson's role as a major industrial em...
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    Grab to invest in remote driving technology company Vay
    Grab Holdings Ltd. announced plans to invest $60 million in Vay Technology GmbH, a company specializing in automotive-grade remote driving technology. This investment is intended to help Vay expand its operations in the US, where it offers an on-demand car rental service via remote driving technology, while also enhancing Grab's mobility offerings and advancing its autonomous and remote driving expertise. The agreement includes an option for Grab to invest an additional $350 million in meet...
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    Zest installs 142 EV charging stations at the University of Warwick, UK
    Zest, a rapidly expanding charge-point operator (CPO) in the UK, has successfully installed 142 charging stations across 14 locations at the University of Warwick. This deployment forms part of a £1.3 million investment by Zest, aiming to provide and manage these electric vehicle charging facilities over the next 15 years. The project includes the installation of both fast and rapid EV chargers, which are anticipated to save over 15,000 metric tons of CO2 emissions, equivalent to 69 million ...
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    Westwater Resources announces unexpected termination of offtake agreement by Stellantis
    Westwater Resources Inc., a critical minerals company specializing in battery-grade natural graphite, has announced a strategic update following a significant development. On Nov. 3, FCA US LLC, a subsidiary of Stellantis NV, unexpectedly terminated its binding offtake agreement with Westwater. The agreement was previously signed by the two companies in July 2024. Notably, Stellantis was one of three companies, alongside SK On and Hiller Carbon, that had signed offtake agreements with...
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