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    Risk analysis of building gigafactories in Europe
    Europe and the UK region have witnessed a few high-profile battery companies abruptly filing for insolvency in the recent past, leaving behind a noteworthy setback for the region’s local battery production ambitions. UK’s promising battery startup Britishvolt, which was once hailed by the country’s prime minister, filed for insolvency in January 2023. It was soon followed by the Swedish battery company Northvolt, which represented Europe’s hopes to compete with China’s hegemony in t...
    Insights
    How smart charging technologies are shaping the EV landscape
    The fast-charging sector for electric vehicles is evolving with new technologies and changing consumer needs. A major trend is the rise of ultra-fast charging stations, which can recharge an EV's battery to 80% in just 15 to 30 minutes, significantly reducing drivers’ wait times. Smart charging technologies are also gaining traction, optimizing charging based on grid conditions and energy prices. This includes demand response programs that allow EVs to charge during off-peak hours or when r...
    Insights
    Qualcomm to localize automotive module production in India, aiming to double revenue by 2029
    Qualcomm is shifting its automotive module production to India as part of a strategy to enhance local manufacturing and support its ecosystem partners. The company is collaborating with tier 1 suppliers to facilitate the relocation of its manufacturing operations to India, as reported by The Times of India on Aug. 12. Nakul Duggal, Qualcomm's group general manager for automotive, industrial and embedded internet of things, said that the company is actively working with its partners to lo...
    News
    Electrify America opens first Hyper-Fast EV charging station in Santa Monica
    Electrify America has inaugurated its first charging station in Santa Monica, California, to address the rising demand for Hyper-Fast electric vehicle charging in Southern California, US. The facility includes 20 Hyper-Fast chargers that can deliver speeds of up to 350 kW, allowing equipped EVs to gain approximately 20 miles of range per minute. This new station is part of Electrify America's extensive network, which is positioned near the I-10 freeway. Electrify America has established itsel...
    News
    Greenlane establishes second EV charging corridor between Southern California and Phoenix
    Greenlane has announced the establishment of its second commercial electric vehicle charging corridor, connecting Southern California to Phoenix via Interstate 10. This expansion builds on Greenlane's flagship location in Colton, California, and aims to support long-haul electric trucking on a major US shipping route. Windrose Technology, an electric truck original equipment manufacturer, validated the viability of long-haul electric trucking with successful single-charge journeys from Colton...
    News
    Ford announces $5 billion investment in Louisville and BlueOval Michigan for new EV production
    Ford Motor Co. has announced that it will be investing approximately $5 billion to create or secure nearly 4,000 jobs across its Louisville Assembly Plant and BlueOval Battery Park Michigan. The initiative aims to produce a new pickup and advanced prismatic lithium iron phosphate (LFP) batteries. Ford will invest nearly $2 billion in the Louisville Assembly Plant to assemble the midsize electric truck, securing 2,200 hourly jobs. The Louisville Assembly Plant will see a significant expansion&...
    Briefing
    Hyundai software unit 42dot to raise $360 million for AI mobility technology boost
    Hyundai Motor Group's software unit, 42dot, has announced plans to raise 500 billion won (about $360 million) through a rights offering. This move aims to enhance the company's global competitiveness in AI-based mobility technology. Hyundai Motor Co. and Kia will participate as strategic investors, following the conglomerate's three-year capital expansion plan approved in 2023. The additional capital will be allocated to advancing software-defined vehicles (SDVs), investing in agentic AI, graphi...
    News
    Apollo Tyres to launch new tire testing facility in Finland by December
    Indian tiremaker Apollo Tyres Ltd. announced plans to open a new outdoor tire testing facility in Ivalo, Finland, dedicated to assessing winter and all-season tires. The facility, being developed in partnership with UTAC, a global provider of automotive testing and certification services, is expected to become operational by December 2025. Situated within UTAC's proving grounds, the new facility will include specialized infrastructure and dedicated test tracks tailored for real-world winter a...
    News
    Blink Charging installs DC fast chargers along vital transportation route in California
    Blink Charging Co. has announced the installation of 10 180-kW dual-port DC fast chargers, providing 20 charging ports at a vital transportation location along State Route 111 near the US-Mexico border in Imperial County, California. These chargers are part of Blink's Right Charger, Right Place, Right Time strategy to expand public access to electric vehicle charging infrastructure. The installation is located at Imperial Center, a growing commercial and retail hub that serves as a crucial no...
    News
    Mainland China's CAIP to establish smart cockpit subsidiary in Spain
    Mainland China's Jiangsu Changshu Automotive Trim Group Co. (CAIP) has announced plans to establish a wholly owned subsidiary in Zaragoza, Spain, marking a significant step in its overseas expansion strategy. The new company — provisionally named CAIP (Spain) Smart Cockpit Co. Ltd. — will be created through a multitiered investment structure. The investment will be made via CAIP (Luxembourg) Co. Ltd., a wholly owned subsidiary of CAIP (Hong Kong) Co. Ltd., which is fully owned by CAIP. ...
    News
    KPIT Technologies invests in Helm.ai and boosts stake in N-Dream
    KPIT Technologies' board has given its approval for an investment of up to $10 million in Helm.ai through a SAFE Instrument in preferred stock. Helm.ai specializes in AI software for self-driving cars. This investment will be distributed in one or more tranches, contingent upon the company's satisfaction with synergy parameters. Helm.ai will not become a subsidiary of KPIT, and KPIT will not gain participative rights in Helm.ai. Additionally, KPIT's board updated details on the acquisition of...
    News
    Flagchip secures major funding to boost automotive chip technology and operations in China
    Chinese chip company Flagchip has completed a funding round worth hundreds of millions of yuan, as announced in a press release via its WeChat account on Aug. 6. The funding round received strong support from notable investors, including Xiaomi's investment arm Beijing Xiaomi Zhizao Equity Investment Fund Partnership, Hainan Jimu Venture Capital, and the Beijing Advanced Manufacturing and Intelligent Equipment Industry Investment Fund. The new capital is expected to strengthen Flagchip's positio...
    News
    All-new MG4 makes China debut with semisolid-state battery
    SAIC Motor has initiated presales for the new MG4, an updated compact electric hatchback, on Aug. 5 at the Hangzhou Grand Convention and Exhibition Centre. The starting price is 73,800 yuan (approximately $10,100), with four variants available immediately. An upcoming semisolid-state battery version is scheduled for pricing in September and deliveries by the end of 2025. Notably, the MG4 is among the first to feature semisolid-state batteries in mass production, enhancing safety and longevity by...
    News
    Nissan’s Sunderland plant in the UK unveils £1.4 million charging station for electric heavy vehicles
    Japanese carmaker Nissan has launched an electric truck charging station at its Sunderland Plant in the UK. This electric vehicle charging station is part of an initiative to establish an electric, end-to-end supply chain that will result in a reduction of 1,500 metric tons of CO2 emissions annually. The charging facility, which has been developed with an investment of about £1.4 million, includes seven charging stations capable of powering up to 10 electric heavy goods v...
    News
    Geyser batteries secures EU funding to advance sustainable battery technology
    Geyser Batteries, a deeptech startup based in Mikkeli, Finland, secured funding through the European Innovation Council (EIC) Accelerator program. This competitive EU program supports high-impact innovations with potential for scaling. The funding, which includes grants and equity components, will aid Geyser in completing product development, launching a pilot production line and undertaking large-scale trials in Finland and Spain. Known for its innovative, water-based battery technology, Geyser...
    News
    Mobec Innovation advances India's shift to sustainable EV solutions and battery recycling
    Harry Bajaj, the founder and CEO of Mobec Innovation Pvt. Ltd., based in Noida, India, is investing in various strategies to facilitate India's shift from internal combustion engine (ICE) vehicles to electric vehicles. Mobec describes itself as India's first comprehensive service provider of customizable mobile EV charging solutions and energy storage systems. The company is also involved in lithium-ion and EV battery recycling and refurbishment. In Noida, Mobec has developed processes to rec...
    News
    NorcSi secures funding to enhance European battery production with silicon anode technology
    German startup NorcSi has gained recognition in the European battery industry by developing technology to produce silicon anodes, which could lead to higher energy density and faster charging times for electric vehicles. The company recently raised €10.7 million from investors to fund the industrial-scale production of these anodes. Silicon offers significant advantages over graphite, being able to absorb up to 10 times more lithium ions due to its atomic structure, resulting in longer ranges ...
    News
    JSW Motors and KPIT Technologies partner for new-energy vehicle development in India
    JSW Motors and KPIT Technologies have announced a strategic partnership, focusing on the development of software and digital solutions for JSW Motors' new-energy vehicles portfolio. This collaboration aims to leverage KPIT Technologies' extensive expertise in software and systems development, showcasing its experience from over 2,000 global vehicle production programs, including software-defined vehicle programs. The partnership is intended to redefine the future of mobility in India, enhance cu...
    News
    BMW Group’s plant in Steyr commences series production of electric engines for Neue Klasse range
    The BMW Group Plant Steyr in Austria has commenced the series production of the electric engine for the Neue Klasse range of electric vehicles, marking a significant step for BMW's future. This production site in Austria is the first to produce the sixth-generation BMW eDrive (Gen6) electric engine, which is central to the Neue Klasse models. The e-engine production fulfills a promise made three years ago by BMW to enhance its production capabilities. Between the project's launch in 2022...
    News
    TNGECL to establish 500 EV charging stations across Tamil Nadu, India
    Tamil Nadu Green Energy Corp. Ltd. (TNGECL) plans to establish 500 electric vehicle charging stations throughout the Indian state of Tamil Nadu as part of efforts to promote EVs and reduce pollution in the state. Recently, TNGECL signed a memorandum of understanding with the Institute for Transportation and Development Policy (ITDP) for technical support. A team from TNGECL and ITDP visited New Delhi to study the city's EV model, focusing on its policies, infrastructure and strategies fo...
    News
    Freudenberg Sealing Technologies transitions New Hampshire site to e-mobility and hydrogen focus
    Freudenberg Sealing Technologies (FST) is undergoing a significant transformation at its Manchester, New Hampshire, site, transitioning from producing gaskets for combustion engines to focusing on e-mobility and hydrogen applications. This shift is supported by major investments and a funding initiative from the US Energy Department. The site will now prioritize manufacturing sealing solutions for battery housings and e-drive systems, necessitating the introduction of new semi- and fully-auto...
    News
    Mint Innovation leads UK lithium-ion recycling project with £8.1 million funding
    Mint Innovation, together with Jaguar Land Rover; LiBatt Recycling, a subsidiary of Recyclus Group; and WMG at the University of Warwick; has secured £8.1 million to boost a lithium-ion (Li-ion) battery project in the UK. The initiative aims to demonstrate Mint's low-carbon, hydrometallurgical black mass refining technology, which is designed to recover lithium, nickel and cobalt from recycled battery materials, fostering an onshore circular supply chain for electric vehicles. ...
    News
    Thailand revises EV incentive packages to boost EV production and exports
    Thailand's National Electric Vehicle Policy Committee (EV Board) has approved changes to the EV3 and EV3.5 incentive packages to promote the country as an export hub for battery-electric vehicles (BEVs). The revisions, proposed by the Federation of Thai Industries (FTI), include a rule where one vehicle produced for export counts as 1.5 vehicles, potentially boosting electric vehicle exports to approximately 12,500 units in 2025 and about 52,000 in 2026. Additionally, the EV Board has extende...
    News
    Utility Global and ArcelorMittal collaborate on clean hydrogen project in Brazil
    Utility Global, a US-based company specializing in clean hydrogen technology, and ArcelorMittal, a leading global steel producer, have announced a collaboration to explore a clean hydrogen project at ArcelorMittal's Juiz de Fora facility in Minas Gerais, Brazil. The project is in the front-end engineering and design (FEED) phase, examining the application of Utility's H2Gen system, which uses blast furnace off-gas to produce hydrogen from water. The H2Gen system, a patented technology by Utility...
    News
    Helios Climate and PIDG invest in SUN Mobility for Africa's largest battery-swapping network
    Helios Climate, in collaboration with the Private Infrastructure Development Group, has announced a significant investment in SUN Mobility, a company specializing in energy infrastructure and battery-swapping solutions for electric vehicles. This investment raises the total capital accrued by SUN Mobility in the past year to approximately $135 million. The capital will support the establishment of Africa's largest battery-swapping network and bolster the company's growth domestically. SUN Mob...
    News
    Exide to invest $11.5 million in wholly owned subsidiary EESL to fund Bangalore-based battery-cell plant
    Exide Industries Ltd. (EIL) has made a substantial investment of 1 billion rupees (about $11.5 million) in its fully owned subsidiary, Exide Energy Solutions Ltd. (EESL), through a rights issue. This latest investment increases EIL's total equity investment in EESL to 37 billion rupees while maintaining a 100% shareholding in the subsidiary. EESL, founded in March 2022, is leading Exide Industries' efforts in the lithium-ion battery segment by manufacturing and selling battery cells, modules ...
    News
    LG Innotek partners with Aeva to develop next-gen lidar technology
    LG Innotek has partnered with Aeva to strengthen its presence in the lidar market. On July 29, LG Innotek announced a strategic partnership with Aeva to supply and jointly develop next-generation lidar technology. Aeva, known for its 4D lidar based on frequency modulated continuous wave (FMCW) technology, is recognized in the autonomous driving market and counts major automakers, including Daimler Truck, among its clients. Through this partnership, LG Innotek and Aeva will collaborate on the ...
    News
    Rebellions seeks substantial funding to compete with NVIDIA in AI chip market
    South Korean AI chip startup Rebellions is preparing for a significant funding round, aiming to raise between $150 million and $200 million before pursuing a public listing. The company, which emerged from a merger with another South Korean startup called Sapeon in 2024, has positioned itself as a competitor to NVIDIA. Rebellions' efforts in this funding round are being supported by tech giant Samsung, which recently invested in the startup, although the specific amount was not disclosed. Sin...
    News
    4screen successfully closes $21 million Series B funding round, led by Bosch Ventures
    4screen, a Munich, Germany-based startup specializing in driver interaction platforms, has successfully closed its $21 million Series B funding round, led by Bosch Ventures and supported by NewRoad Capital Partners and Bayern Capital. The funding will help 4screen accelerate its global expansion as it scales its platform across new markets and product categories. 4screen has developed the world's first driver interaction platform that connects businesses with customers directly through car sc...
    News
    Cornwall Council to expand EV charging network with £5.5M funding
    Cornwall Council plans to enhance its electric vehicle charging network by installing up to 2,000 charge points starting 2026. The council secured £5.5 million from the Transport Department's Local Electric Vehicle Infrastructure (LEVI) Fund to expand the availability of charge points. These installations will provide lower power, cost-effective residential charging with slower speeds. Initially, charge points will be placed in council car parks, with additional on-street charging being intr...
    News
    Tesla announces $16.5 billion AI chip partnership with Samsung
    Tesla CEO Elon Musk announced that the company has entered into a $16.5 billion multiyear agreement with Samsung for AI chips, as reported in a Reuters article dated July 28. Musk indicated that this is just the initial cost of the deal. According to Musk, Samsung's new Texas, US, fabrication facility will be dedicated to producing Tesla's next-generation AI6 chip, which will be used for Tesla's humanoid robot Optimus, fully autonomous vehicles and AI datacenters. Musk emphasized the str...
    News
    Hy24 and Refire form strategic partnership to advance green hydrogen initiatives
    Hy24 and Shanghai Refire Co. Ltd. have entered into a memorandum of understanding for a strategic partnership aimed at advancing green hydrogen production and distribution, as well as hydrogen-electric power and mobility applications. This collaboration seeks to enhance industrial development and accelerate market deployment within Europe through a combination of Sino-European supply chains and processes. The partnership will leverage Hy24's investment strategies, global value chain approach,...
    News
    Milence opens ninth electric truck charging hub in Dunkirk, France
    Milence, a joint venture between Daimler Truck, Traton Group and Volvo Group, has opened its ninth electric truck charging hub in Dunkirk, France, on the North Sea-Rhine-Mediterranean corridor of the Trans-European Transport Network (TEN-T). This expansion is part of Milence's strategy to strengthen its presence in northern France and enhance connectivity between France and neighboring countries such as Belgium, the Netherlands and Germany. Milence has also begun developing its tenth hub...
    News
    ARENA allocates A$44.9M to Calix for zero-emissions steel technology demo plant
    The Australian Renewable Energy Agency (ARENA) has pledged A$44.9 million to support Calix in constructing a demonstration plant utilizing its Zero Emissions Steel Technology (ZESTY). This plant, powered by renewable electricity and hydrogen, aims to produce up to 30,000 metric tons of low-carbon hydrogen direct reduced iron (HDRI) and hot briquetted iron (HBI) annually, marking a significant step toward cleaner steel production. ZESTY incorporates Calix's proprietary Flash Calciner technolog...
    News
    India's electric mobility sector expands with battery-swapping infrastructure advancements
    India's electric mobility sector is evolving beyond vehicles to include the supporting infrastructure crucial for their operation. The surge in electric vehicle adoption, notably in two-wheelers and passenger cars, also highlights the need to address challenges related to range, charging times and infrastructure accessibility, especially for commercial electric fleets where charging delays can impact revenue. Seafund supports startups such as Swapp Design, a company innovating in the batter...
    News
    Bharatsure secures 60 million rupees funding and partners with Battery Smart for EV infrastructure coverage
    Insurtech startup Bharatsure has secured 60 million rupees (about $700,000) in funding from Inflection Point Ventures, along with other investors such as Capital A and Atrium Angels. Alongside this financial boost, Bharatsure has partnered with Battery Smart to introduce insurance coverage specifically for electric vehicle battery-swapping stations throughout India. This new insurance offering aims to safeguard these stations against natural disasters such as floods, fires and earthquakes, in ad...
    News
    BMW i Ventures invests in Estes Energy for advanced battery platform development
    BMW i Ventures has announced a colead investment in Estes Energy Solutions Inc., a materials and manufacturing innovator based in California, US. The $11 million seed round was coled with Fortescue Ventures and included participation from New Systems Ventures and DCVC. This funding brings Estes' total raised capital to $20 million and will support the completion of its chemistry-agnostic battery pack platform and the establishment of domestic manufacturing capabilities. The investme...
    News
    BP Pulse opens its largest EV charging hub near Los Angeles International Airport
    BP Pulse, the global electric vehicle charging infrastructure business of BP, has inaugurated its largest EV charging hub in the US, located two miles from Los Angeles International Airport (LAX). This site features 48 ultrafast EV charging bays equipped with 400-kW and 150-kW DC fast chargers compatible with both Combined Charging System (CCS) and North American Charging Standard (NACS) connectors. The facility will soon offer additional amenities such as a lounge, vending machines, restro...
    News
    Momenta invests in Zeron Truck, marking entry into China's electric heavy-duty truck sector
    Chinese smart driving startup Momenta has made an investment in Zeron Truck, a domestic electric heavy-duty truck startup, signaling its expansion into the truck sector. Zeron has completed its Series A financing round worth 500 million yuan (about $70 million), with Momenta as one of the three lead investors. This marks Momenta's first engagement in the truck industry, building on its existing presence as a supplier of assisted driving solutions in the passenger car sector in China. Zeron wa...
    News
    DENSO plans to invest $28.9 million in new motor generator plant in India
    DENSO Corp. will invest 2.5 billion rupees (about $28.9 million) to establish a motor generator manufacturing plant in Gautam Buddha Nagar, Uttar Pradesh, India. The new plant will produce components crucial for hybrid and electric vehicles, reflecting DENSO's dedication to sustainable mobility and clean technology. The announcement came after a strategic meeting between DENSO's leadership and a delegation from Uttar Pradesh, led by Principal Secretary of Infrastructure & Indust...
    News
    UK government invests £150 million in connected and automated mobility through 2030
    The UK government has announced an additional £150 million investment to advance the nation's Connected and Automated Mobility (CAM) industry through the CAM Pathfinder program, which will run until 2030. This initiative seeks to tackle the challenges related to bringing CAM vehicles to market by providing funding to projects in the UK that are developing pioneering technologies, products and services, ranging from cutting-edge software to smart transportation solutions. The program aim...
    News
    QuantumScape expands collaboration with PowerCo for solid-state battery commercialization
    QuantumScape Corp., a company specializing in solid-state lithium-metal battery technology, has announced an expansion of its collaboration and licensing arrangement with PowerCo SE, the battery company of the Volkswagen Group. Originally established in July 2024, this agreement aims to accelerate the commercialization of solid-state battery technology, particularly through the QSE-5 battery development pilot line in San Jose, California. PowerCo is set to provide up to $131 million in paymen...
    News
    WM Motor to resume production with Xiangfei Auto's support after liquidity crisis
    WM Motor, a Chinese electric vehicle startup established in 2015, is set to resume production in August with the support of its investor Xiangfei Auto. Information from a Chinese tech media outlet, MingJin Pro, published on July 14, indicated that WM Motor and Xiangfei Auto will restart mass production of the EX5 and E5 EV models at WM Motor's facility in Wenzhou, Zhejiang province. This decision follows a liquidity crisis that led to halted operations in the second half of 2022. Subsequently, a...
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    Stellantis consolidates manufacturing ecosystem in Morocco with €1.2 billion project
    Stellantis has inaugurated a new expanded manufacturing facility in Kenitra, Morocco, marking a significant step in the country's industrial advancement. Head of Government Aziz Akhannouch highlighted the project as part of Morocco's broader strategy to foster a competitive and integrated economy. The €1.2 billion investment, which includes €702 million for developing local suppliers, aims to double the plant's production capacity and achieve a 75% local integration rate by 2030...
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    Basquevolt secures €2.5 million grant for solid-state electrolyte innovation from EU council
    Basquevolt has been awarded a €2.5 million grant from the European Innovation Council's (EIC) Accelerator program, with potential equity investment up to €10 million in an upcoming fundraising round. The company received a perfect evaluation score of 9 out of 9 for its solid-state electrolyte technology, recognized for its innovation and alignment with the EU's battery value chain strategy. Out of 1,000 applicants, only 4% received funding, placing Basquevolt among a select few poised to sup...
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    Kazam plans IPO with a focus on expanding EV charging in India
    Electric vehicle charging platform Kazam plans to go public within the next three to five years, targeting revenue of 1 billion rupees (about $12 million) and break-even EBITDA by fiscal year 2025–26. According to Akshay Shekhar, co-founder and CEO, the company closed fiscal year 2024 with 480 million rupees in revenue and a 25% loss in EBITDA, resulting in a loss from approximately 100 million rupees to 120 million rupees. Supported by a recent $6.7 million raise from the World Bank Grou...
    News
    U Power inaugurates Southeast Asia's first smart battery-swapping station in Thailand
    U Power Ltd., a provider of AI-powered solutions for next-generation energy grids and intelligent transportation systems, has inaugurated Southeast Asia's first operational smart battery-swapping station in Phuket Island, Thailand. This development comes after the company's May delivery of the region's first battery-swapping compatible taxi fleet. The Thailand Station, a result of U Power's joint venture with Susco Public Co. Ltd., is the first fully operational 24/7 smart battery-swapping st...
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    Sunrise secures 1 billion yuan to advance AI chip development and market expansion
    Sunrise, a chip developer spun off from Chinese AI giant SenseTime, has secured 1 billion yuan (about $139 million) to accelerate product development, expand its market presence and grow its team with the aim of reducing AI inference costs. The Series A funding round saw participation from investors including Huaxu Capital, a subsidiary of Sany Group; AI unicorn 4Paradigm; and game developer Yoozoo Interactive; as announced by the Hangzhou-based company. Sunrise became an independen...
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    Adient to invest $8M in new seat assembly plant in US
    Automotive seat supplier Adient plans to invest $8 million to open a factory in Normal, Illinois, that will assemble components for Rivian. The new facility is expected to create 75 full-time jobs and is supported by the Illinois Department of Commerce and Economic Opportunity through its Reimagining Energy and Vehicles (REV) program, which encourages clean energy and advanced manufacturing. Adient will manufacture complete front and rear seat assemblies for Rivian, repurp...
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    Nexteer Automotive begins construction of new steering system plant in China
    US-based steering systems supplier Nexteer Automotive started the construction of its new smart manufacturing facility in Liuzhou, China. This investment is crucial for Nexteer as it reinforces its leadership position in the Asia-Pacific steering systems market and addresses the increasing demand from both domestic and global original equipment manufacturers. The new facility will enhance the production capacity and facilitate innovative supply chain integration. Nexteer aims to drive real-ti...
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    CEAT plans $52.2 million investment to expand Chennai tire plant capacity in India
    The board of directors of India-based tiremaker CEAT Ltd. has unanimously approved a capital expenditure of 4.5 billion rupees (about $52.2 million) for its Chennai plant in Tamil Nadu, India, Autocar Professional reported July 17. The investment will help the plant ramp up the production capacity of passenger car and utility vehicle (PCUV) tires by about 35%. The Indian tiremaker, part of the RPG Group, expects strong growth in demand for PCU...
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    Sona Comstar partners mainland China’s Jinnaite Machinery to produce driveline systems
    Sona BLW Precision Forgings Ltd., also known as Sona Comstar, announced July 20 that its board of directors has approved the establishment of a joint venture in mainland China with Jinnaite Machinery Co. Ltd. This partnership aims to manufacture and supply driveline systems and components to automotive original equipment manufacturers both in Greater China and globally. Under the agreement terms, Sona Comstar will invest $12 million, securing 60% equity in the JV, while Jinnaite Machinery wil...
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    Rivian invests $105 million in micromobility startup Also Inc.
    Rivian has distinguished itself among electric vehicle startups over the past decade with its R1T and R1S models, demonstrating that electric trucks and sport utility vehicles can compete with gas-powered vehicles in speed, capability and comfort. As Rivian gears up to introduce smaller and more affordable models such as the R2 and R3, the company is also backing a new entrant in a different sector: A micromobility startup named Also Inc. Also Inc. was spun out of Rivian e...
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    Boston Metal secures $51 million investment for expansion and green steel development
    Boston Metal has announced a $51 million convertible note investment from existing investors such as BHP Ventures, Breakthrough Energy Ventures, Piva Capital and SiteGround. This funding reflects continued investor confidence in the company's team, technology and strategy. The funds will be used to support the second phase of Boston Metal's critical metals plant in Brazil, expected to be operational by mid-2026, and further develop its green steel solution. According to Laurel Buckner, vice pres...
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    Stony Brook University partners with Onsemi on $20 million semiconductor R&D facility
    New York-based Stony Brook University has partnered with semiconductor company Onsemi to to build a $20 million semiconductor research and development facility on its campus. Announced by New York State Gov. Kathy Hochul, this partnership aims to advance R&D in silicon carbide (SiC) chip technology, essential for clean energy applications and electric vehicles. The collaboration is supported by Empire State Development and combines Onsemi's $8 million and Stony Brook's $10 million investment...
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    LG Innotek invests in digital key solutions for future automotive connectivity
    LG Innotek is investing in a next-generation digital key solution as part of its strategy to achieve 1.5 trillion won (about $1.1 billion) in annual sales from automotive connectivity by 2030, The Korea Herald reported July 16. The South Korean electronic parts supplier revealed its plans during a media seminar in Seoul, South Korea, highlighting advancements in the digital key technology built on proprietary wireless communication. Yoo Byaeng-kuk, head of the Automotive Components ...
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    City Energy launches app-free EV charging across Singapore, Malaysia
    City Energy's electric vehicle charging division, Go by City Energy, has launched Singapore's first app-free EV charging experience called AutoCharge. This system allows EV drivers to charge their vehicles by simply plugging them in, eliminating the need for QR codes or continuous app logins after an initial setup on the Go by City Energy app. This initiative, aimed at enhancing convenience and promoting green mobility, is part of City Energy's efforts to contribute to Singapore's sustainable fu...
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    Comau develops proprietary dry room lab to test battery-cell-manufacturing machines
    Comau has established a specialized dry room laboratory at its headquarters in Grugliasco, Italy, to advance the development and testing of its cell-manufacturing equipment. The facility will be instrumental in refining machines for lithium-ion and lithium metal cells, aiming toward solid-state and post-lithium battery technologies, thereby bolstering Comau's foothold in the electrification domain and expanding its battery solutions. This €1 million investment is aimed at expediting the dev...
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    Motor AI secures $20 million funding to advance Level 4 autonomous vehicles in Germany
    According to a press release on July 14, Motor AI, a company focused on autonomous vehicles, announced a $20 million seed funding round led by Segenia Capital and eCAPITAL, with contributions from German high net worth individuals. The funds will support the company's efforts to achieve type approval for public roads and begin deploying its Level 4 autonomous vehicles, initially on German public roads. Unlike companies that rely heavily on data collection and black-box prediction models, Motor A...
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    Battery Smart secures $29 million in Series B funding led by Rising Tide Energy
    Battery Smart, a battery-swapping operator, has raised $29 million in its ongoing Series B round, with the funding led by New York-based private equity firm Rising Tide Energy. Previous investors who participated include Ecosystem Integrity Fund, LeapFrog Investments and responsAbility. Established in 2019 by Pulkit Khurana and Siddharth Sikka, Battery Smart operates a network for battery swapping in electric two- and three-wheelers. This service facilitates the quick exchange of depleted batter...
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    Geyser Batteries secures EIC Accelerator funding for innovative battery technology
    Geyser Batteries Oy, a startup in Mikkeli, Finland, has been chosen for EIC Accelerator funding through the EU's Horizon Europe program. The company specializes in developing high-power batteries using a unique, patented water-based electrochemistry, which employs low-cost, widely available materials. This technology is tailored to prevent blackouts in electricity grids and facilitate the use of renewable energy by maintaining grid flexibility and stability. Geyser Batteries has significant comm...
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    Vemo secures 500 million pesos financing from BEEL for EV charging network expansion
    Vemo, a company based in Mexico, has secured a significant 500 million pesos (about $27 million) financing from BEEL to expand its electric vehicle charging network across the country. This financing, which will last for 12 years, is intended to enhance the Vemo Charging Network (VCN), the most robust public EV charging network in Mexico. The investment marks a significant milestone for Vemo, reinforcing its position in clean mobility infrastructure and supporting nationwide electric mobility. ...
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    Blink Charging and Axxeltrova Capital plan £100 million Special Purpose Vehicle for UK EV infrastructure
    Blink Charging Co., a global provider of electric vehicle charging services, announced its intention to establish a £100 million Special Purpose Vehicle (SPV) in collaboration with private equity firm Axxeltrova Capital. The non-binding term sheet, finalized on June 20, outlines the investment aimed at enhancing EV charging infrastructure across the UK under the Local Electric Vehicle Infrastructure (LEVI) program. This SPV will be utilized to finance and own Blink's EV chargers, which will ...
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    Valeo Kapec invests $116.5 million in new EV battery production plant in South Korea
    Valeo Kapec, a joint venture between Valeo and PHC Group, plans to invest 160 billion Korean won ($116.5 million) in a manufacturing plant to produce electric vehicle battery systems (BSA). The two partners will set up the new manufacturing plant in the Yeongcheon Hi-Tech Park district in Yeongcheon City, Gyeongsangbuk-do, South Korea. Under the agreement, Valeo Kapec will develop a BSA production line on a 36,300 square meter site in the Yeongcheon Hi-Tech Park. This project is exp...
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    Inteva Products invests $8 million to expand production capacity at Mexican plant
    Inteva Products, a US-based supplier of vehicle interior systems, closures, motors and electronics, announced plans to invest 150 million Mexican pesos ($8 million) in expanding its Matamoros plant in Tamaulipas, Mexico, creating 500 direct jobs. The announcement was made in the presence of local and state government officials as well as company representatives who highlighted the direct impact of the investment on job creation and its contribution to strengthening the city’s economic and indu...
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    Sumitomo Electric Wiring Systems plans $17 million expansion at US plant, creating 76 full-time jobs
    Sumitomo Electric Wiring Systems, a Japan-based supplier of automotive wiring harnesses and related components, plans to expand its operations in Simpson County, Kentucky, with an investment of $17 million, Area Development reported July 10. The capacity expansion is expected to create 76 full-time jobs. The planned investment will involve new injection-molding machines and automated assembly equipment to produce electrical connectors for automotive customers. John Saylors, division manager o...
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    Cariqa secures €4 million seed funding to enhance EV charging payment solutions
    Cariqa, a Berlin-based company specializing in electric vehicle charging payments and pricing, has secured €4 million in seed funding. Contrarian Ventures and Anthemis Group co-led the round, which received additional support from Anthemis Group Female Innovators Lab, Earth, Golden Egg Check and Techstars. Cariqa aims to tackle the inefficiencies prevalent in Europe's EV charging market, which include fragmented payment systems, unclear pricing and numerous intermediaries. The company offer...
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    LG Group expands automotive software ventures with global carmakers
    Chief executives from LG Group's key units, including LG Electronics, will hold closed-door meetings with global carmakers to expand in the software industry. LG Innotek, a major South Korean electronics parts developer, has entered the automotive application processor market, which is expected to grow at 22% annually over the next five years. LG Electronics, a leading global home appliance maker, announced plans to invest more than 1 trillion South Korean won ($762 million) in its ven...
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    New York announces new grants to projects aimed at integrating EVs into power grid
    New York State Gov. Kathy Hochul announced the allocation of $3 million to three projects, which are aimed at advancing technologies to efficiently integrate electric vehicles into the power grid. New York State is also making available $4 million in grants to address data collection and operational challenges faced by utilities in managing EV charging. These initiatives are expected to enhance grid flexibility, shift charging schedules to meet energy demands and reduce costs for co...
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    Phlux Technology raises £9 million to expand infrared sensor technology in communications and sensing
    Phlux Technology, a UK startup specializing in infrared sensor technology, has raised £9 million in a Series A funding round led by BGF, with participation from existing investors including Octopus Ventures, Northern Gritstone and Foresight. This funding will facilitate Phlux's expansion into the optical communications and sensing industries, utilizing its unique antimonide-based semiconductor technology to create faster and more energy-efficient systems. The investment will support the scaling...
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    Gabriel India invests $3.1 million to pick 51% equity stake in fasteners supplier JAIPL
    Gabriel India Ltd. will invest 268.3 million rupees (about $3.1 million) to acquire a 51% stake in Jinhap Automotive India Private Ltd. (JAIPL), forming a joint venture with South Korea's Jinos Co. Ltd., Autocar Professional reported July 9. The decision was made during Gabriel India's board meeting on July 9 to manufacture fasteners for the automotive and industrial sectors. With this investment, JAIPL will become a subsidiary of Gabriel India, while Jinos will retain a 49% stake. ...
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    Energie 360° acquires charging service Move Mobility to consolidate presence in Switzerland
    Zurich-based energy company Energie 360° has acquired electric vehicle charging service provider Move Mobility, strengthening its position in the electric mobility market in Switzerland. The acquisition increases the number of charging points managed by the Energie 360° mobility group to over 24,000 and its user base to over 250,000. Move Mobility will be integrated into the Energie 360° group but will keep its independent brand identity, similar to other brands in the group such...
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    AirGarage innovates parking management with tech-enabled platform and $23 million funding
    AirGarage is transforming parking into a tech-enabled real estate asset through its end-to-end platform that integrates various aspects such as payments, enforcement, dynamic pricing and operations, all supported by real-time data and machine learning. With a recent $23 million Series B funding, the company aims to expand its reach and enhance its product offerings, showcasing parking as a significant yet underdeveloped area ripe for digital transformation. Founded by Scott Fitsimones, Chelse...
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    Thyssenkrupp Steel completes major investment in Duisburg with new high-tech facilities
    Thyssenkrupp Steel Europe has completed a major strategic investment at its Duisburg location, marking a significant milestone for Germany's largest steelmaker. The investment, totaling approximately €800 million, includes the introduction of new high-tech facilities such as continuous casting line 4, a modernized hot strip mill 4 with new walking beam furnaces, and a fully automated slab logistics system. These developments are part of thyssenkrupp's effort to modernize and optimize its pr...
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    Q5D plans to double technical assessment center capacity as demand for wiring automation soars
    According to a press release July 1, Q5D, a robotic cell manufacturer that automates product electrification, is expanding its technical assessment center in Bristol, UK, doubling its resources. This center is crucial for conducting feasibility studies and prototyping by embedding wiring directly into product structures, eliminating the need for separate wire harnesses. The patented process, utilizing a 5-axis manufacturing robot, is particularly sought after in the automotive and aerospace i...
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    EU allocates €852 million in grants to six innovative EV battery projects
    The European Commission has announced that six pioneering electric vehicle battery cell manufacturing projects will receive €852 million in grants from the Innovation Fund. EU's Innovation Fund is funded by revenue from the EU Emissions Trading System. These grants are part of efforts to spur growth and investment in the EU's battery manufacturing industry, supporting the Industrial Action Plan for the European automobile sector and the Clean Industrial Deal. The selected projects a...
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    NBHX Trim invests $23 million in new production line at Mexican plant
    NBHX Trim Mexico, a subsidiary of the mainland China-based supplier NBHX Trim Group, has inaugurated a new production line at its plant in Aguascalientes, Mexico. The company invested over $23 million in its capacity expansion, which positions the Mexican plant as one of the group's most productive globally. NBHX Trim, which operates in the US, Europe and Asia, selected Aguascalientes as a strategic location for a manufacturing hub in North America. As ...
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    Toyota invests more than $50M in Arizona Proving Grounds for enhanced testing capabilities
    Toyota Motor North America commenced the expansion of its Arizona Proving Grounds with a commitment to invest more than $50 million, the automaker said in a July 2 press release. The project includes constructing a 5.5-mile oval track, an off-road park, new riding and handling surfaces, and plans for an advanced driver assistance technology facility in the future. The planned expansion, scheduled to be mostly completed by the end ...
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    Tata Group begins construction of £4 billion EV battery plant in the UK
    Tata Group's global battery business, Agratas, has begun construction on a significant electric vehicle battery plant in the UK, marking a vital milestone in the project's development. The first steel frames were erected at the Puriton site, near Bridgwater, Somerset. Agratas is investing £4 billion in developing the site, which formerly served as the Royal Ordnance Factory, strategically located near junction 23 of the M5. The construction phase is anticipated to take two years and sho...
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    Posco Holdings to test Direct Lithium Extraction technology in North America
    Posco Holdings is preparing to be the first South Korean company to test and verify Direct Lithium Extraction (DLE) technology in North America, aiming to establish a lithium supply chain for secondary battery core materials. The company plans to commercialize its independently developed DLE technology by successfully operating a demonstration plant in the US, targeting undeveloped lithium salt lakes across North America. On June 30, Posco Holdings signed a memorandum of understanding with Au...
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    SKF India plans to invest $170.5 million by 2030 to strengthen production capacity
    SKF India has announced plans to invest up to 14.6 billion rupees (about $170.5 million) by 2030 to strengthen its manufacturing capabilities across key facilities in the country, Press Trust of India (PTI) reported June 30, citing an investor presentation by the Indian subsidiary of the Sweden-based company. The company has earmarked capital expenditure ranging from 12.1 billion rupees to 14.6 billion rupees by 2030 to enhance manufacturing capacities at its plants in Haridwar, Uttarakhand; Pun...
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    CATL breaks ground on its JV battery plant in Indonesia
    Mainland Chinese battery-maker CATL has initiated the construction of a $6 billion battery manufacturing plant in Indonesia, according to a report by CnEVPost dated June 30. The project is a collaboration between CATL, Indonesia's state-owned Indonesia Battery Corp. and PT Aneka Tambang, located in Karawang regency, West Java province. The battery plant should have a capacity of 15 GWh per year, sufficient to power between 250,000 and 300,000 electric vehicles, according to Indonesian En...
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    Sona Comstar announces local rare earth magnet production in response to mainland China's export limits
    Sona Comstar, India's largest importer of rare earth magnets, plans to begin domestic production of critical components used in electric vehicles in response to mainland China's export restrictions. Mainland China is responsible for about 90% of global rare earth magnet production and has imposed export limitations as a countermeasure to US tariffs. Despite a recent agreement between the US and mainland China to expedite rare earth export approvals, many governments and companies are seekin...
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    Thailand BOI pushes for more local content in EVs with fresh incentives
    The Thailand Board of Investment (BOI) has approved investment projects totaling 28.6 billion baht (approximately US$870 million) focused on digital infrastructure and travel sectors. The BOI has also enhanced incentives for the use of local content in the manufacturing of electric vehicles and electrical appliances (E&E). The BOI has introduced incentives for local content use in the automotive and electrical appliance sectors by offering a two-year, 50% corporate income tax reduction. T...
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    Benteler Group begins construction on new automotive plant in Morocco
    As reported in a press release on June 25, the Benteler Group has commenced the construction of a new automotive plant in Kenitra, Morocco. Mr. Ryad Mezzour, Minister of Industry and Trade of the Kingdom of Morocco, attended the groundbreaking ceremony. The company plans to invest a significant mid-double-digit million euro amount during the ramp-up phase, with production scheduled to begin in 2026. The new manufacturing facility is expected to create more than 300 direct jobs and pote...
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    Garrett Motion opens Wuhan Innovation Center for zero-emission technology advancement
    Garrett Motion Inc. inaugurated its Wuhan Innovation Center, located within the Garrett Wuhan Plant, to expand its zero-emission research and development capabilities. This center, the second in mainland China after the Shanghai R&D Center, forms a dual innovation hub that promotes turbocharging technologies and zero-emission solutions. The opening of this facility aims to advance Garrett's electrification efforts and enhance its position as a provider of differentiated technology for dec...
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    Toyota to assemble battery packs for hybrid RAV4 in Ontario plants by 2026
    Toyota is planning to assemble its own battery packs at its Ontario plants for the production of the all-new 2026 RAV4 SUV, which will be launched exclusively as a hybrid model. Toyota will add battery-pack assembly lines to its Ontario facilities as part of these preparations. These batteries will be built from cells manufactured at Toyota's newly opened battery plant in Kentucky. This move marks Toyota's effort to support the production of the hybrid RAV4 by retooling its Cambridge and Wood...
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    Clarios to launch Manufacturing Technology & Training Center as part of $6 billion strategy
    Clarios, a global company specializing in advanced energy storage solutions, has unveiled plans to establish a Manufacturing Technology & Training Center in the United States. This initiative is part of the company's $6 billion American energy manufacturing strategy, which includes a $600 million investment in cutting-edge manufacturing. The center aims to serve as a dedicated hub for workforce development, research and development (R&D), and technology validation, providing a secure,...
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    Ubitricity to install 2,000 EV charge points in London Borough of Tower Hamlets by 2025
    The London Borough of Tower Hamlets has partnered with Ubitricity, the UK's largest electric vehicle charge-point operator and a wholly owned subsidiary of Shell, to install 2,000 on-street residential EV charge points by the end of 2025. This initiative is part of the borough's effort to reduce emissions and improve air quality. The charge points, which can be installed in less than 30 minutes, will be integrated into existing lampposts, enabling residents to conveniently charge their vehicl...
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    Envisics to provide augmented reality head-up display for 2026 Cadillac VISTIQ and LYRIQ-V models
    Holographic display technology expert Envisics has been named the exclusive provider of augmented reality head-up displays (AR-HUDs) for the 2026 Cadillac VISTIQ. This advanced technology has been developed specifically for both the Cadillac VISTIQ and the Cadillac LYRIQ-V models. Envisics has received investment from GM Ventures in strategic funding rounds in 2018 and 2023, highlighting a long-standing collaboration with General Motors (GM). Jamieson Christmas, CEO and founder of Envisics, expr...
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    ASK Automotive forms JV partnership with TD Holding to produce sunroof control cables and helix cables for passenger vehicles
    Indian supplier ASK Automotive Ltd. announced that its board of directors approved the establishment of a joint venture with T.D. Holding GMBH (TDH) to manufacture and supply sunroof control cables and helix cables specifically designed for passenger vehicles, Autocar Professional reported June 25. ASK Automotive owns a 49% equity stake in the proposed JV company, while TDH has a controlling stake of 51%. ASK Automotive plans to invest 24.5 million rupe...
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    Sekisui Chemical invests in new manufacturing facility to produce injection-molded parts in India
    Sekisui Chemical has announced plans to invest in a new manufacturing plant in Chakan, near Pune in Maharashtra, India, to produce injection-molded parts for the Indian automotive market. The Japanese supplier will invest about $3 million in the new facility, its sixth in the country, with the goal of commencing operations by January 2026.  Sekisui Chemical's high-performance plastic company has identified the injection-molding business within the mobility sector as a...
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    EV Edison launches largest multiclass charging hub on East Coast in New Jersey
    EV Edison has inaugurated its flagship electric vehicle charging and fleet services hub in Kearny, New Jersey, strategically positioned near key transport routes such as the Port of Newark and the Holland Tunnel. The site is recognized as the largest multiclass charging hub on the East Coast, featuring 30 high-power charging ports capable of delivering 180 kW each. The facility offers a range of services for fleet operations, including 24/7 high-security access, parking and staging for trucks...
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    Torc opens new engineering center in Ann Arbor for autonomous truck development
    In a press release on June 24, Torc announced the opening of a new engineering center in Ann Arbor, Michigan. This expansion is a strategic move as Torc aims for commercialization in 2027, with the intention of accelerating its productization initiatives while leveraging the rich automotive and technology talent available in the region. In establishing the Ann Arbor location, Torc collaborated with the Michigan Economic Development Corp. to secure incentives, supporting its significant h...
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    SL Corp. establishes new manufacturing facility in Mexico to produce headlight modules
    SL Mex, a subsidiary of South Korea-based automotive supplier SL Corp., established a manufacturing plant in San Luis Potosí, Mexico, local news portal MexicoNow reported June 23. The South Korean supplier invested $45 million in the first phase of the facility, which is located in the Logistik II industrial park in Villa de Reyes. The San Luis Potosí plant will produce headlight modules for global automakers such as BMW, General Motors, Hyundai and Kia. The plant, spread over 8.9 hectar...
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    Continental's AESS collaborates with GlobalFoundries for semiconductor solutions
    According to a press release on June 23, Continental's Automotive group has formed a new organization named Advanced Electronics & Semiconductor Solutions (AESS) to design and verify automotive semiconductors to meet internal demand. GlobalFoundries (GF) has been appointed as the manufacturing partner for AESS.  The initiative aligns with the Automotive board's strategy to invest in technology and increase autonomy. It aims to establish a resilient supply chain, improve product quali...
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    CATL establishes a new JV to explore robo-taxi segment
    The world's largest battery manufacturer, CATL, has made a strategic move into the robo-taxi sector by establishing a new joint venture with local partners. The new JV, Shanghai Zaofu Intelligent Technology Co. Ltd., was registered in Shanghai and has a capital of 1.288 billion yuan (about $177.5 million). The newly formed company will focus on developing Level 4 autonomous driving technology. The joint effort includes contributions from Hello, Ant Group and CATL, with initial investments ...
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    Uno Minda plans $24.2 million investment in new aluminum die-casting facility in India
    Indian automotive supplier Uno Minda Group announced its plan to invest 2.1 billion rupees (about $24.2 million) in establishing a greenfield aluminum die-casting facility in Sambhaji Nagar, Aurangabad, Maharashtra, India, to cater to the increasing demand for electric vehicles, The Hindu Business Line reported June 19. The investment will be carried out in several phases over the next five years, with funding sourced from a balanced mix of internal accruals and debt. The first phase of the p...
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    U Power plans 55 smart battery-swap stations in Hong Kong to advance zero-carbon goals
    U Power Ltd. announced its plan to build 55 smart battery-swap stations in Hong Kong as part of its strategy to promote zero-carbon living, marking a significant move toward the city's zero-emission target by 2050. This initiative, revealed at the inauguration of Hong Kong's first demonstration smart swap station, includes the construction of four bus-only stations and the world's first ferry swap stations. The event was attended by Hong Kong government officials, business leaders and industr...
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    Applied Intuition raises $600 million in Series F funding at $15 billion valuation
    According to a press release on June 17, Applied Intuition has secured a $600 million Series F fundraise and tender offer, bringing its valuation to $15 billion. This funding was coled by BlackRock-managed funds and accounts along with Kleiner Perkins, and aims to support the company's advancements in vehicle intelligence, product expansion and global team growth. New investors include Franklin Templeton, Qatar Investment Authority, Abu Dhabi Investment Council, Premji Invest, Stripes, Grey...
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    Zoox opens new robo-taxi production facility in US
    As reported in a press release on June 18, Zoox has launched the first serial production facility for purpose-built robo-taxis in the US, aimed at supporting the company's planned expansion in robo-taxi services across various markets, starting with Las Vegas and San Francisco, and later including Austin and Miami. This new facility, located in Hayward, California, spans 220,000 square feet and is Zoox's second vehicle production site in the Bay Area, while the first, in Fremont, California, foc...
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    Elektrum, Olerex partner to build EV fast-charging network along national highways in Estonia
    Elektrum Eesti and Olerex are collaborating to develop a comprehensive nationwide electric vehicle charging network in Estonia. The project, planned over three years, involves equipping 62 Olerex service stations with 170 fast and ultrafast chargers, totaling a capacity of 18.5 MW. The first 300-kW ultrafast chargers have already been installed in several locations, including Paide, Tartu, Rakvere, Võru and Türi, where initial charging offers are being held for customers. The project a...
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