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    FISITA World Mobility Conference 2025: Key themes and concerns for the automotive industry
    One thing is abundantly clear after the FISITA World Mobility Conference (WMC) last week. Megatrends impact everything. No longer can chassis development, braking, safety validation and so forth stand alone without impact from the broader drive towards electrification, the AI revolution or SDVs, to name a few.  The event’s sessions gave the impression that electrification is already baked into the industry, particularly in Europe where the debate on (regulation-pushed) direction is ...
    Insights
    Beyond horsepower: Compute becomes the new competitive edge for OEMs
    Automotive compute power is becoming a defining metric of vehicle capability — not just for autonomy, but across cockpit systems, connectivity and life-cycle software deployment. As vehicles transition toward centralized electrical/electronic (E/E) architectures and software-defined platforms, silicon performance is now a core determinant of what a vehicle can do — and how long it will remain competitive in the field. Two metrics have emerged as industry standards for measuring this compu...
    Insights
    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...
    News
    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...
    News
    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,...
    News
    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...
    News
    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...
    News
    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...
    News
    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...
    News
    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...
    News
    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...
    News
    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...
    News
    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...
    News
    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 ...
    News
    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...
    News
    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...
    News
    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...
    News
    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...
    News
    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...
    News
    Sharda Motor starts production at new Chakan facility in Pune, India
    Indian auto parts supplier Sharda Motor Industries Ltd. (SMIL) has received regulatory approval to commence manufacturing operations at its new facility in Chakan, near Pune in Maharashtra, India, on June 23. The company received a factory license from the Directorate of Industrial Safety and Health, government of Maharashtra, on June 20. SMIL made this announcement in a regulatory filing to the Bombay Stock Exchange and the National Stock Exchange. The Chakan facility is ...
    News
    TDK Ventures launches $150 million EX1 fund to support cleantech startups in Europe and North America
    TDK Ventures, the corporate venture capital arm of TDK Corp., is expanding into the European market, establishing its first office in London. The company has also launched a $150 million multilimited-partner fund named EX1 to support clean technology and sustainable energy solutions in Europe and North America. The EX1 fund will target energy-transformation startups in the Seed and Series A stages. This strategic decision aligns with TDK Ventures' dedication to electrification&nbs...
    News
    Chevron enters domestic lithium sector with strategic acquisitions in Texas and Arkansas
    Chevron U.S.A. Inc., a subsidiary of Chevron Corp., announced its entry into the domestic lithium sector to bolster US energy security. This move involves the acquisition of two leasehold acreage positions, one from TerraVolta Resources, associated with The Energy & Minerals Group, and another from East Texas Natural Resources LLC. The leased areas cover approximately 125,000 net acres located in regions with the Smackover Formation, which spans Northeast Texas and Southwest Arkansas and ...
    News
    LG Energy Solution and Toyota Tsusho form JV for battery recycling in North Carolina
    LG Energy Solution and Toyota Tsusho Corp. have announced the formation of Green Metals Battery Innovations LLC, a joint venture focused on battery recycling. The JV plans to construct a preprocessing facility in Winston-Salem, North Carolina, aimed at extracting black mass, a crucial material for battery recycling, from battery production scrap. The facility is set to begin operations in 2026 and intends to handle up to 13,500 metric tons of scrap annually, which is equivalent to over 40,000 au...
    News
    Nippon Steel finalizes partnership with U.S. Steel to strengthen American operations and security
    Nippon Steel Corp. and United States Steel Corp. have finalized a significant partnership, concluding an 18-month process marked by political scrutiny and national security considerations. Under the terms of the $14.9 billion agreement, Nippon Steel has acquired all outstanding shares of U.S. Steel at $55 per share, while U.S. Steel will retain its iconic name and headquarters in Pittsburgh, Pennsylvania. The steel produced will continue to be “mined, melted and made” in the US, pr...
    Briefing
    Ireland allocates nearly €8 million to install 53 new EV charging hubs along national road network
    The Irish government has allocated about €8 million in grants to fund the development of 53 new high-power electric vehicle charging hubs across Ireland's national road network. The installation of EV chargers at the finalized sites is expected by the year-end. The official announcement was made by Ireland's Minister for Transport Darragh O'Brien. The planned EV charging hubs are expected to provide 175 fast and ultrafast-recharging points across the 53 chosen lo...
    News
    Clarios plans US technology campus for supercapacitor systems production
    Clarios, a company specializing in advanced energy storage solutions, has announced its plans to evaluate US locations for establishing a next-generation technology campus centered on the production of new supercapacitor systems. These systems will support the manufacturing of low-voltage supercapacitor systems optimized to pair with Clarios' domestically produced absorbent glass mat (AGM) batteries. This strategic initiative is aimed at building a resilient and secure domestic supply chain...
    News
    New Energy Asia formed for EV charging solutions in Malaysia and ASEAN
    New Energy Asia Sdn. Bhd. has been launched as a joint venture between HICOM Engineering Sdn. Bhd. (HESB), a subsidiary of DRB-HICOM Bhd., and China's Hangzhou Flash Charging New Energy Co. Ltd. (HFC), which operates under Lotus Technology Inc. The initiative aims to provide high-quality and reliable electric vehicle charging solutions in Malaysia and the Association of Southeast Asian Nations region. The partnership combines the industrial capabilities and brand heritage of HESB and DRB-HICO...
    News
    US Senate's draft bill proposes tax credits increase for semiconductor manufacturers
    The US Senate's draft tax bill proposes increasing the investment credit for semiconductor manufacturers from 25% to 30%, according to a Bloomberg report on June 17. This incentive aims to encourage chipmakers to begin new projects in the US before the 2026 deadline, allowing them to continue claiming credits for ongoing construction beyond that date. The tax credit, part of the 2022 Chips and Science Act, is designed to revitalize the US semiconductor industry by offsetting the shift of prod...
    News
    Zenobē partners to expand zero-emission bus program in Brampton, Canada
    Zenobē has announced a significant project in Brampton, Canada, involving a partnership to expand zero-emission bus (ZEB) programs. Brampton's initiative, one of the largest in North America, will introduce 1,000 electric buses, replacing the city's diesel fleet and supporting over 40 million passengers annually. The first phase is projected to be operational by early 2027. This project is expected to bring C$1 billion in foreign investment to Canada, reinforcing business ties between the UK...
    News
    Polestar secures $200 million investment from Geely Group's founder-owned PSD Investment
    On June 16, Polestar announced that it has secured a $200 million equity investment from one of its key shareholders, PSD Investment Ltd., a company controlled by Shufu (Eric) Li, the founder and chairman of Geely Holding Group. As per the securities purchase agreement, the Swedish carmaker will sell nearly 190.5 million newly issued Class A American depositary shares (ADS) to PSD Investment. The transaction is structured as a private investment in public equity (PIPE) at a price of $1.0...
    News
    The UK government approves plan to install more than 100,000 EV charge points over the next few years
    The UK government is expanding local electric vehicle charge points across England to aid millions of EV drivers without off-street parking. Future of Roads Minister Lilian Greenwood announced the country's plan to install over 100,000 local charge points, in addition to the existing 80,000 public charge points. This initiative is supported by the £381 million Local Electric Vehicle Infrastructure (LEVI) Fund, which is part of a broader £4 billion investment to promote the switch to EVs and...
    News
    Tokai Kogyo plans to expand Aguascalientes plant in Mexico to meet rising demand
    Tokai Kogyo, a Japan-based supplier known for manufacturing rubber and resin automotive components, has announced a $5.2 million investment to expand its production lines in Aguascalientes, Mexico. This expansion will occur at Tokai Kogyo’s plant in the Siglo XXI Industrial Park, where the Japanese supplier has been operating since 2014. The announcement was made during a meeting between Tokai Kogyo executives and Aguascalientes Gov. María Teresa Jiménez, who highlighted the state's advan...
    News
    Ford begins battery-pack production at new facility in Cologne, Germany
    Ford has commenced mass production of battery packs for its new-generation electric vehicles, the Ford Explorer 1 and Ford Capri 2, at its newly established battery assembly facility in Cologne, Germany. This facility, part of a $2 billion investment aimed at modernizing the historic Cologne plant, is fully digitalized and aligns with the vehicle assembly operations on-site to ensure high-quality standards and optimized logistics. The Cologne plant has been a key production site for Ford in E...
    News
    General Motors plans to invest $4 billion on its US manufacturing plants
    US carmaker General Motors (GM) announced that it plans to invest $4 billion over the next two years to boost its domestic production of gasoline-powered and electric vehicles. This investment aims to increase the company's annual domestic vehicle assembly to over 2 million units. GM's announcement follows an earlier plan to invest $888 million in the Tonawanda propulsion plant near Buffalo, New York, to support the development of its next-generation V-8 engine. The new investments will impac...
    News
    Coco Robotics secures $80 million to enhance AI platform and expand autonomous fleet
    Coco Robotics, an autonomous vehicles company specializing in delivery, announced securing $80 million in strategic financing to enhance its AI platform, scale its fleet and grow enterprise partnerships, as reported in a press release on June 11. The funding includes contributions from existing investors Sam and Max Altman, Pelion, Outlander, and SNR, and new participants Offline, DeepWater, and Ryan Graves, the current CEO of Saltwater. This financial boost builds on Coco's momentum, su...
    News
    Rock Tech Lithium secures funding from EIT RawMaterials for innovative lithium processing technologies in Germany
    In a press release dated June 11, Rock Tech Lithium Inc. (Rock Tech) announced that it will receive funding from EIT RawMaterials to advance novel lithium processing technologies in Germany. Rock Tech will partner with Advanced Minerals and Recycling Industrial Solutions, National Technical University of Athens, and Vlaamse Instelling voor Technologisch Onderzoek NV in this project, which has received a total funding of €2.5 million, with Rock Tech earmarked to receive up to €1 million to en...
    News
    Cyclic Materials to invest $25 million on setting up a center of excellence for rare earth recycling in Ontario
    Cyclic Materials, an advanced recycling company, has announced a $25 million investment to establish North America's first Centre of Excellence for rare earth recycling in Kingston, Ontario. This facility, which covers over 140,000 square feet and will create 45 skilled jobs, will serve as the company's industrial and innovation hub, integrating commercial processing with research and development to tackle the challenge of sourcing rare earth elements for permanent magnets. The Kingston facil...
    News
    Tata Motors aims to grow its EV charging network fivefold by decade’s end
    Tata Motors is planning to expand its electric vehicle charging infrastructure significantly by the end of this decade, aiming to mitigate range anxiety and improve EV adoption. The company intends to increase its public charging points to over 100,000 from the existing 22,000, covering more than 2,000 cities and towns with fast-charging facilities. The Mega Charger network, featuring ultrafast-charging guns ranging from 120 kW to 400 kW, is set to reach over 1,000 locations. Recently, Tata M...
    News
    Posco Future M completes precursor plant in Gwangyang to boost battery supply chain
    Posco Future M has finished construction of its precursor plant in Gwangyang, South Korea, which can produce 45,000 metric tons of precursors annually. This development aims to enhance self-sufficiency and strengthen the supply chain amid global trade uncertainties. The plant, located at the Yulchon Industrial Complex, was inaugurated on June 10 with attendance from notable officials, including Posco Future M President Eom Ki-cheon. In his speech, Eom highlighted the importance of the plant i...
    News
    Astemo Americas showcases new mobility solutions to customers, plans expansion of US headquarters
    Astemo Group is introducing new mobility solutions to its customers in North America, according to a June 9 press release. The company is also looking to expand its presence at its North American headquarters in Farmington Hills, Michigan, and plans to relocate to a more spacious office. The Japanese supplier changed its name from Hitachi Astemo Ltd. to Astemo Ltd., effective April 1. "As our industry moves into the age of the software-defined vehicle, ...
    News
    Valmet Automotive expands production capacity of Polish plant to meet strong demand for convertible roofs and kinematics
    Valmet Automotive has completed the expansion of its manufacturing plant in Zary, Poland, which produces convertible roofs and kinematic systems for the automotive market, the Finland-based company said in a press release on June 10. The expansion adds an 8,800-square-meter area to the plant, resulting in a total production area of 26,000 square meters, to meet rising demand from customers. The Zary plant plays a vital role as a technology provider and ...
    News
    Continental plans to invest $11.7 million to strengthen presence in passenger car and light truck tire market in India
    Continental announced plans to invest about 1 billion rupees (about $11.7 million) to enhance its presence in India's passenger car and light truck (PLT) tire segment, Autocar Professional reported June 9. This investment will be directed toward upgrading the manufacturing capabilities at its Modipuram plant in Uttar Pradesh, India, and expanding its product portfolio.  The initiative aligns with Continental's broader strategy to meet local demand through a market-specific approach, part...
    News
    EU initiates 13 Strategic Projects for external raw material access under new act
    On June 4, the European Commission announced the adoption of a first list of 13 strategic projects for securing access to strategic raw materials in countries outside the EU, including overseas territories. These projects aim to diversify the EU's supply sources while enhancing local economies in third countries. This initiative aligns with a previously adopted list of 47 Strategic Projects within the EU, both developed under the Critical Raw Materials Act, effective since May 2024, to fortif...
    News
    Uno Minda opens new alloy wheel manufacturing facility in India
    Indian auto parts supplier Uno Minda has inaugurated a new greenfield manufacturing facility for four-wheeler alloy wheels in Kharkhoda, Haryana, India. This facility strategically enhances the company’s production network and aims to meet the growing demand for alloy wheels in the Indian automotive market. The new facility is located near Maruti Suzuki's vehicle assembly plant, also in Kharkhoda, which began operations in February. The Kharkhoda plant boasts an annual production capacity o...
    News
    AESC inaugurates gigafactory in Douai, enhancing France's sustainable mobility efforts
    AESC, known for its high-performance batteries for electric vehicles and energy storage systems, announced the start of production (SOP) at its new gigafactory in Douai, France. With an annual production capacity of 10 GWh, the facility will supply advanced batteries for Renault, potentially powering up to 200,000 EVs per year and providing 650 jobs, with expectations to increase to 1,000 jobs at full capacity. This development signifies a crucial step for France's journey toward sustainable ...
    News
    Posco inaugurates research center in Australia for advanced material technology
    Posco Holdings, the parent company of South Korea-based steel manufacturer and battery materials supplier Posco Group, has inaugurated a key minerals research center in Perth, Australia. This initiative is part of the group's strategy to gain a technological advantage in advanced materials, which includes steelmaking, battery materials and rare earths. The center aims to enhance low-carbon steelmaking processes and reduce costs in lithium and nickel production. Additionally, it will focus on dev...
    News
    GlobalFoundries invests $16 billion in semiconductor manufacturing in New York and Vermont
    In a press release on June 4, GlobalFoundries (GF) announced a strategic plan to invest $16 billion to enhance its semiconductor manufacturing and advanced packaging capabilities in New York, US, and Vermont, US. This investment is designed to address the rising demand for semiconductors due to the growing prevalence of AI, which requires chips that are both power-efficient and capable of high-bandwidth performance. The initiative is supported by collaboration with the Trump administration an...
    News
    Shell builds a test center for EV chargers in Hamburg, Germany
    Shell has opened the most powerful test center for charging infrastructure in Germany, at the Shell Technology Centre in Hamburg. This facility is intended for research and development, and testing of megawatt charging with capacities up to 5 megawatts, primarily for heavy-duty vehicles such as trucks, buses and electric-powered ships. The new test center aims to evaluate the rapid charging of batteries under various climatic conditions and the integration of different hardware and software c...
    News
    Chinese supplier Halms plans $226 million investment in new automotive parts plant in Hungary
    Halms, a division of mainland China-based supplier Zhejiang Huashuo Technology, is planning to build an automotive parts manufacturing plant in Miskolc, Hungary, with an investment of 80 billion forints (about $226 million), Daily News Hungary reported on June 2, citing Hungary’s Minister of Foreign Affairs and Trade Péter Szijjártó. The project will be executed in three phases and should create over 1,000 jobs. Additionally, Halms is building an electric vehicle parts plant in De...
    News
    Shell to build powerful charging infrastructure test center in Germany
    Shell announced the construction of the most powerful test center for charging infrastructure in Germany at the Shell Technology Centre Hamburg. This facility will focus on research, development and testing of megawatt charging with capacities up to 5 MW in the medium-voltage range. It will evaluate rapid battery charging for heavy-duty vehicles, such as trucks and buses, and electric ships under various climatic conditions, integrating different hardware and software components. Th...
    News
    Sailun Group and Tire Direct hold groundbreaking ceremony for jointly held tire manufacturing plant in Mexico
    Sailun Group and its joint venture partner, Tire Direct (TD), held a groundbreaking ceremony on May 15 for their tire production project in Irapuato, Guanajuato, Mexico, the mainland China-based tiremaker said in a press release on May 22. The plant, which will have an annual production capacity of 6 million passenger car radial (PCR) tires, marks an important step in Sailun Group's strategy to expand locally and globally, following its previous ventures in Southeast Asia. The project aims ...
    News
    TSMC to open new design facility in Munich for automotive chip innovations
    Taiwan Semiconductor Manufacturing Co. Ltd. (TSMC) announced plans to establish a new facility in Munich, which will focus on optimizing chip designs for automotive and other industries, newelectronics reported May 28. The facility aims to cultivate and expand expertise in automotive and nonvolatile memory across the EU, particularly in the areas of resistive random-access memory (RRAM) and magnetoresistive random-access memory (MRAM) innovations, and will support the industry in advancing be...
    News
    ComEd secures approval for $168 million transportation electrification plan in Illinois
    ComEd has received approval from the Illinois Commerce Commission for its second Beneficial Electrification Plan, earmarking $168 million over three years starting in 2026 to advance transportation electrification in Illinois. This initiative builds on ComEd's previous $231 million investment from 2023 to 2025 aimed at promoting electric vehicle adoption and reducing emissions in northern Illinois. The plan focuses on assisting residential and non-residential customers in transitioning to EVs th...
    News
    Schaeffler India opens fifth powertrain manufacturing plant in Tamil Nadu, India
    Schaeffler India Ltd. inaugurated its fifth manufacturing facility in Shoolagiri, Tamil Nadu, further expanding its presence in India. This new 16,500-square-meter facility will produce both conventional and hybrid powertrain components, such as planetary gear systems and hybrid transmission components. The Shoolagiri plant is part of the first phase of development on a 108,000-square-meter plot, with full production capacity anticipated by the fourth quarter of 2025. This facility is pr...
    News
    Sailun Group starts production at new greenfield tire plant in Indonesia
    Sailun Group, a mainland China-based tire manufacturer, commenced production of passenger car radial (PCR) tires at its new plant in Indonesia. The greenfield plant, located in the Jatengland Industrial Park in Demak, produced its first high-performance radial tire on May 28, 2025. In March 2024, Sailun announced a $250 million investment in a new PCR tire plant in Indonesia. This factory, Sailun’s fourth in Southeast Asia, is crucial for Indonesia's rapidly developing a...
    News
    NHK Spring opens new production facility in Mexico
    NHK Spring inaugurated a new motor core production plant in Mexico. The facility is located at the Castro del Río Technoindustrial Park in Irapuato, Guanajuato. The Japanese supplier invested $55 million in the new production facility, which will create 233 new jobs. The new motor core production facility is next to NHK Spring's main manufacturing plant, which was established in 2014. NHK Spring expanded the plant in 2017 with an investment of $50 million. The l...
    News
    Volteras secures $11.1 million Series A funding led by Union Square Ventures
    Volteras, a data streaming platform for the energy ecosystem, announced the closure of its $11.1 million Series A funding round, led by Union Square Ventures. Other participants included fleet card providers Wex and Edenred, alongside existing investors Exor Ventures and Long Journey Ventures. With Wex and Edenred servicing a combined 24 million vehicles, their investment indicates a commitment to transitioning to electric vehicles. Key figures from Wex and Edenred emphasized the potential of Vo...
    News
    LG Energy Solution and Samsung SDI to establish LFP battery lines at US plants with GM
    South Korean battery manufacturers LG Energy Solution (LGES) and Samsung SDI are set to install lithium iron phosphate (LFP) battery production lines at their respective US plants, co-owned with General Motors. This shift represents their first foray into LFP production, moving away from their previous focus on high-nickel-cobalt-manganese (NCM) chemistries. The decision is influenced by GM's drive to reduce electric vehicle costs amid slower market adoption and make EVs more accessible by ut...
    News
    UK to streamline EV chargepoint installations by removing planning applications from 2025
    The UK government is streamlining the process for installing electric vehicle chargepoints, eliminating the need for planning applications and potentially saving drivers up to £1,100 annually. This change, effective May 29, 2025, aims to make it easier and more affordable for drivers and businesses to install EV chargepoints by reducing paperwork. As a result, drivers with home driveways can more easily install private chargepoints, and businesses can more swiftly establish workplace and pub...
    News
    V-Green partners with EV charging companies to deploy 63,000 EV charging ports in Indonesia
    V-Green, a global electric vehicle charging station developer, announced the signing of memoranda of understanding (MOU) with four partners to deploy approximately 63,000 charging ports exclusively for VinFast EVs in Indonesia by the end of 2025. The collaboration involving Chargecore, Chargepoint, Amarta Group and CVS will see a joint investment of $300 million to develop EV charging infrastructure across several Indonesian provinces such as Jabodatebek, Bandung, Surabaya and more. Th...
    News
    Hyundai Motor Group launches third startup fund under ZER01NE accelerator program
    Hyundai Motor Group (HMG), the parent group of Hyundai Motor and Kia, announced the establishment of its third startup investment fund aimed at supporting venture companies, including startups, with cutting-edge technologies and innovative ideas, Yonhap News Agency reported May 26. The fund, under the ZER01NE accelerator program, has been set up with a capital of 125 billion won (about $91.4 million) and involves financial participation from various group affiliates. Hyundai Mo...
    News
    Spain initiates pilot program for ultrafast electric charging stations on highways
    The Ministry of Transport in Spain is initiating a pilot program to install ultrafast electric charging stations at eight service areas along state highways. The first set of projects, collectively valued at over €50 million, has been provisionally approved and will soon be open for public comment. This initiative aims to decarbonize the transportation sector, encourage private investment in electric infrastructure and improve services for road users. The construction covers various highway...
    News
    General Motors announces $888 million investment in Tonawanda plant in US to start production of sixth-generation V-8 engines from 2027
    General Motors (GM) announced plans to invest $888 million in its Tonawanda Propulsion plant in Buffalo, New York, to support production of sixth-generation V-8 engines, used in full-size trucks and sport utility vehicles. The automaker will make an investment in new machinery, equipment, tools and renovations of the 87-year-old plant as it gears up to begin production of the next-generation engines in 2027. Tonawanda is the second propulsion plant of G...
    Briefing
    New South Wales government plans to invest A$16.1 million to install 246 EV chargers across the state in Australia
    The state government of New South Wales in Australia is advancing the deployment of electric vehicle chargers with a new investment of A$16.1 million aimed at installing 246 fast and ultrafast chargers across the state. This initiative is augmented by private sector participation, resulting in a total of A$41.2 million being allocated for the installation of new charging ports, all powered by renewable energy. This effort aligns with the government's commitment to increase EV charger availabi...
    News
    Samsung SDI to expand capacity at its Hungary-based battery plant
    South Korean battery-maker Samsung SDI is undertaking a significant expansion and renovation of its Hungarian factory to produce prismatic batteries for Hyundai and Kia's European electric vehicles. The expansion is facilitated by a successful capital increase of 1.65 trillion won (about $1.2 billion), allowing the company to enhance its production capabilities and address the demand in Europe's fast-recovering EV market. Samsung SDI's plans include renovating the first factory and expanding ...
    News
    Maharashtra to boost EV battery recycling and infrastructure under EV Policy 2025
    The state of Maharashtra in India announced plans to boost the establishment of recycling centers for electric vehicle batteries and promote the production of new batteries and EVs, as part of the Electric Vehicle Policy 2025. The government resolution (GR) emphasizes the collection of used EV batteries from various facilities such as charging stations, battery-swapping centers and authorized dealers. Key locations identified for these recycling centers include the Mumbai Metropolitan Regio...
    News
    Uber and Abdul Latif Jameel sign MOU to boost autonomous vehicle deployment in Saudi Arabia
    As reported in a press release on May 26, Abdul Latif Jameel and Uber Technologies announced a memorandum of understanding (MOU) to explore the development of a scalable, next-generation fleet operations platform. The collaboration aligns with the objectives of Saudi Vision 2030, aiming to foster socioeconomic growth and increase earning opportunities for Saudi nationals. The MOU that was signed during the Saudi-US Investment Forum aims to expedite urban mobility transformation in S...
    News
    NHK Spring plans new production facility in India
    NHK Spring announced plans to establish a manufacturing plant in Aurangabad, Maharashtra, India, the Japan-based company said in a press release on May 26. The company will invest ¥2 billion (about $14 million) in the first phase of the plant's construction, which will have a total floor area of 17,120 square meters. The plant will commence production of coil springs and stabilizer bars in 2027. The investment will create 350 jobs in the first phase. NHK Spring is investing in the new produc...
    News
    Borealis invests over €100 million to expand production of recyclable, lightweight polymer foam solutions in Germany
    Borealis is investing over €100 million to expand its production capacity for Daploy High Melt Strength polypropylene (HMS PP) at its Burghausen facility in Germany. This innovative polymer foam solution aligns with the growing demand for recyclable, high-performance materials in various industries, such as consumer products, automotive, and building and construction. The new production line, set to commence operations in the second half of 2026, will triple the supply capability for fully rec...
    News
    CATL to start EV battery production in Indonesia by March 2026
    Contemporary Amperex Technology Co. Ltd. (CATL) is set to begin electric vehicle battery production in Indonesia by March 2026. According to Yuliot Tanjung, deputy minister of Energy and Mineral Resources, CATL is preparing to launch operations in alignment with Indonesia's expanding EV battery ecosystem, having secured an off-taker for its battery products. The production venture will proceed in two phases due to regulatory requirements from the Chinese government, with 7.5 GWh of the i...
    News
    Rio Tinto to buy majority stake in Salares Altoandinos lithium project in Chile
    Rio Tinto has been chosen as the preferred partner for the Salares Altoandinos lithium project in Chile's Atacama region by Empresa Nacional de Minería (ENAMI), a state-owned mining company. Under the agreement, Rio Tinto would initially acquire a 51% stake in the project, while ENAMI holds 49%. This partnership is still contingent on the signature of binding agreements, regulatory approval and other conditions. Rio Tinto's Chief Executive Jakob Stausholm expressed appreciation for...
    News
    Toyota, group suppliers launch Software Academy to boost expertise in AI and software
    Toyota Motor and its mobility technology subsidiary, Woven by Toyota, have partnered with their group suppliers Aisin, DENSO and Toyota Tsusho to launch the Toyota Software Academy. This initiative aims to strengthen human resource development focused on AI and software. Additionally, Toyota is introducing the Global AI Accelerator (GAIA) to enhance investments in AI research and development, which is expected to drive innovation. Together, these efforts aim to nurture AI ...
    News
    India’s Himadri Speciality Chemical acquires 16.24% stake in US-based International Battery Co.
    Himadri Speciality Chemical Ltd. has invested $4.43 million to acquire a 16.24% stake in International Battery Co. Inc. (IBC), a US-based lithium-ion battery cell manufacturer. This investment, announced May 22, signifies Himadri's entry into the lithium iron phosphate cathode active and anode materials market, providing them with board representation in IBC. IBC operates a 50-MWh lithium-ion battery cell facility in South Korea, which began production in 2023, and is developing a gigafactory...
    News
    Rock Tech Lithium secures up to €150 million credit guarantees for its Guben Lithium Converter project
    UK Export Finance (UKEF) and Finnish export credit agency Finnvera have shown interest in supporting Rock Tech Lithium's Guben Lithium Converter project with up to €150 million in credit guarantees. The support from these export credit agencies (ECAs) is a crucial part of the debt financing structure for significant infrastructure projects such as the Guben Converter, which is the largest stand-alone lithium refinery project in Europe under the EU's Critical Raw Materials Act. Amid market t...
    News
    KPIT Technologies opens technology center at Lindholmen Science Park in Sweden
    KPIT Technologies inaugurated its new technology center at Lindholmen Science Park in Gothenburg, Sweden, marking its first center in the Nordics. This expansion signifies KPIT's strategic commitment to European original equipment manufacturers and an investment in the region's talent and innovation ecosystem. The Gothenburg center is strategically located within Sweden's automotive and mobility research and development hub, surrounded by car manufacturers, academic institutions and mobility sta...
    News
    India to accelerate national EV charging grid under PM E-Drive scheme
    India’s Ministry of Heavy Industries has approved an outlay of 20 billion rupees (about $234 million) under the PM E-Drive initiative to support the installation of about 72,000 public electric vehicle charging stations across the Indian subcontinent, the government of India’s Press Information Bureau said in a press note released May 21. Union Minister for Heavy Industries H.D. Kumaraswamy chaired an interministerial coordination meeting with senior officials from the Ministry of Petrole...
    News
    Clarios to invest $1 billion in US critical minerals processing plant
    Clarios, the largest manufacturer and recycler of low-voltage batteries, announced plans to invest up to $1 billion in a new critical minerals processing and recovery plant in the US. This decision is facilitated by recent executive orders and federal advanced manufacturing tax credits. The initiative is part of Clarios' strategy to enhance the domestic supply of critical minerals, which are essential for national security. The company has conducted preliminary site assessments in Indiana, US...
    News
    Rio Tinto and Codelco partner on high-grade lithium project in Chile
    Rio Tinto and Codelco have entered into a joint venture agreement to develop a high-grade lithium project in Chile's Salar de Maricunga. This collaboration is part of their strategic partnership aimed at enhancing their roles as suppliers of materials crucial for the global energy transition. The Salar de Maricunga, located in the Atacama region, is recognized for its large resource base with high lithium content, offering potential for scalable and economical production. Under the agreement,...
    News
    Sainsbury’s smart charge network grows to over 650 charging bays across the UK
    Sainsbury’s, one of the largest chain of supermarkets in the UK, has set up a network of more than 650 fast-charging stations across 75 stores in the UK, the company said in an announcement on May 15. According to the company, its electric vehicle charging network has reached a major milestone by saving the equivalent of 60 million fossil fuel miles on UK roads, resulting in a reduction of 10.71 million kg of CO2 emissions compared to non-electric vehicles. “By building the infrastruct...
    News
    ChangAn Automobile opens first international NEV production base in Thailand
    ChangAn Automobile, a low-carbon mobility technology company, has launched its first international new-energy vehicle (NEV) production base in Rayong, Thailand, as part of its global expansion under the Vast Ocean Plan. This new facility signifies a shift from simply exporting products to exporting entire industrial ecosystems, incorporating advanced manufacturing systems, research and development processes, and supply chain standards to create a sustainable global operation model. The openin...
    News
    Yasa opens its first factory for producing axial-flux electric motors
    YASA, a British manufacturer of electric motors and a wholly owned subsidiary of Mercedes-Benz, officially opened its fully upgraded manufacturing facility in Yarnton, near Oxford, on May 13, following a £12 million investment. The facility is designed to boost YASA's manufacturing capacity for axial flux e-motors and aims to exceed 25,000 units annually. Known for advancing electric drive technology, YASA's innovations promise up to four times greater performance than...
    News
    Foxconn and Thales Group form partnership in semiconductors
    In a press release on May 19, Hon Hai Technology Group, also known as Foxconn, announced a strategic partnership with Thales Group from France in the area of semiconductors. This partnership aims to enhance Foxconn's industrial expertise and expand its presence in Europe. As part of this collaboration, Foxconn signed the first of two memoranda of understanding (MOUs), which could potentially attract more European industrial investors, leading to investments exceeding €250 million. This initiat...
    News
    UL Solutions opens advanced battery testing lab in Germany
    UL Solutions has opened its Europe Advanced Battery Testing Laboratory in Aachen, Germany, marking a significant expansion of its battery technology testing capabilities in the region. The facility is designed to test batteries used in electric vehicles and large-scale energy storage systems, meeting the rising demand for comprehensive battery testing services. The laboratory will evaluate prototype and finished battery products to ensure they meet safety and performance standards, facilitating ...
    News
    Aeva announces $50 million investment deal with Fortune 500 firm
    In a press release on May 14, Aeva announced a strategic collaboration with the technology-focused affiliate of a Global Fortune 500 company. The partnership aims to integrate Aeva's next-generation 4D Lidar technology into various markets. Additionally, this global technology solution provider will serve as Aeva's tier 2 manufacturing partner for the previously announced top 10 passenger original equipment manufacturer program. As part of their agreement, the global technology leader will in...
    News
    Posco Future M to raise $771 million for North American expansion through rights offering
    Posco Future M Co., a prominent battery materials producer in South Korea, is set to raise 1.1 trillion won (about $771 million) through a rights offering to expand its manufacturing capacity in North America amid a downturn in global electric vehicle demand. The company, an affiliate of Posco Holdings Inc., plans to use the funds to partly finance the construction of a cathode materials plant in Canada, in collaboration with US automaker General Motors Co., and to expand its facilities in Pohan...
    News
    Chinese supplier Kingfa invests $84 million to expand operations in Mexico
    Kingfa, a mainland China-based company specializing in plastic injection and molding parts, plans to invest $84 million to expand its operations in San Luis Potosí, Mexico. This investment involves building a manufacturing, research and development complex in the Logistik III Industrial Park in the municipality of Villa de Reyes. The planned investment includes $15 million for purchasing a 15-hectare site where the main building and a new warehouse will be built. Kingfa h...
    News
    Be.EV secures £20 million from Schroders Capital in the UK
    The UK's leading charge-point operator (CPO) Be.EV has formed a significant partnership with Schroders Capital to establish over 200 ultrarapid electric vehicle charging bays across 22 retail and leisure properties managed by Schroders Capital in the country. The project, valued at £20 million, involves Be.EV fully funding the installation and maintenance of advanced charging solutions at sites managed by five Schroders Capital real estate funds, including the Schroder Real Estate Investment...
    News
    CATL plans largest global listing in 2025 with Hong Kong IPO
    Mainland Chinese battery manufacturer CATL is set to raise at least HK$31.01 billion through its Hong Kong listing, the largest global listing in 2025 so far. The company plans to sell 117.9 million shares at a maximum offer price of HK$263 per share. The total deal size could potentially reach about $5.3 billion if certain options are exercised. More than 20 cornerstone investors, including Sinopec and the Kuwait Investment Authority, have committed $2.62 billion for CATL shares. The institu...
    News
    Bosch launches €250 million fund to support deep-tech startups
    Bosch has launched a new fund worth €250 million through its wholly owned subsidiary, Bosch Ventures. This initiative underscores the Germany-based company's unwavering commitment to investing in startups globally, even in the face of current economic uncertainties. Bosch Ventures will use this fund to target investments in high-growth potential startups in automation, electrification, climate tech, healthcare and software technologies. "Our funding in startups not only foste...
    News
    Britain announces $1.3 billion funding for AESC gigafactory in Sunderland
    Britain has announced a £1 billion funding deal for a new gigafactory by Japanese-headquartered battery-maker AESC, which will be constructed in Sunderland, northern England. This facility is expected to produce electric vehicle batteries for up to 100,000 EVs annually, significantly increasing current capacity. Finance Minister Rachel Reeves emphasized the role of this investment in strengthening industry resilience and promoting sustainable transport while also creating high-quality jobs. ...
    News
    Hyundai postpones South Korean hypercasting production launch due to weak EV demand
    Hyundai is reportedly postponing the full-scale launch of its advanced $730 million "hypercasting" production facility at its Ulsan plant in South Korea from 2026 to 2028. According to reports from Seoul Economy, the delay comes from a combination of weakening global demand for electric vehicles like the Ioniq 5 and others, and the United States' 25% tariff on foreign-made automobiles. Two factors are reshaping Hyundai’s strategy. First, global EV demand growth has slowed, creating what ana...
    News
    HOLON plans to test electric autonomous shuttle in Hamburg, Germany
    In a press release on April 30, Benteler Group announced that HOLON is advancing with the series production and market launch of its fully electric autonomous shuttle, the HOLON urban. In 2025, the HOLON urban will undergo testing on the streets of Hamburg, Germany, as part of its inaugural pilot project. Hamburg aims to introduce up to 10,000 autonomous shuttles by 2030, providing a new mobility solution that complements the existing public transport system. This initiative is part of an agr...
    News
    Uno Minda, partner approve $50.2M investment to develop and produce new EV components in India
    In February, Uno Minda Ltd. (Uno Minda) announced a strategic partnership with mainland China-based supplier, Suzhou Inovance Automotive Co. Ltd., to produce high-voltage electric vehicle components in India. On April 30, the boards of Uno Minda and its joint venture partner approved a detailed project report that entails a total investment of about 4.23 billion rupees (about $50.2 million). Uno Minda’s board also approved an investment of 1.14 billion rupees in the equity capital...
    News
    Rivian announces $120 million investment in supplier park near Illinois plant in US
    Rivian announced plans to invest $120 million in constructing a supplier park near its vehicle manufacturing plant in Normal, Illinois, in the US. The electric-car maker expects its key suppliers to locate in the 1.2 million-square-foot supplier park to supply materials and components used in its electric vehicles. The planned investment is expected to create hundreds of jobs in the next two years, including approximately 100 positions directly within the company. This strategi...
    News
    KPIT acquires Caresoft Global's engineering solutions business
    KPIT Technologies has announced it will acquire automotive benchmarking company Caresoft Global's carved-out Engineering Solutions business, which is especially focused on off-highway and truck and bus segments globally. Caresoft Global will continue to strengthen its Automotive vertical while partnering with KPIT to expand its benchmarking and cost reduction business into new areas such as software benchmarking, creating unique market differentiators, and jointly exploring downstream implementa...
    News
    Skycharger secures $10 million in grant funding from California Energy Commission to build charging stations for electric trucks
    Skycharger has been conditionally granted $10 million by the California Energy Commission (CEC) to develop two electric truck charging facilities along the Interstate 5 highway in Southern California, US. This funding, awarded under CEC's Critical Paths 2.0 initiative, will be utilized to establish high-capacity fast-charging stations in Kettleman City and Lebec, California. The stations will collectively support charging for 64 heavy-duty trucks at a time, with each charging at rates of at l...
    News
    Porsche to open R&D center in Shanghai for China-specific innovations
    Porsche has announced plans to establish a research and development center in Shanghai's Jiading district, which will become operational in the second half of 2025, Yicai Global reported April 28. This China R&D Center will concentrate on developing integrated hardware, infotainment and driver assistance systems specifically for the Chinese market. The facility will feature more than 10,000 square meters of office space, specialized workshops and human-machine interface (HMI) laboratories...
    News
    Shanghai Putailai and Blue Solutions collaborate on solid-state battery development
    Shanghai Putailai New Energy Technology Co. Ltd. has entered into a joint-development agreement (JDA) with Blue Solutions to advance the manufacturing of next-generation solid-state batteries. The agreement, signed on April 24, combines Putailai's expertise in raw material supply and production equipment with Blue Solutions' solid-state battery technology. This collaboration aims to optimize materials and processes for fourth-generation solid-state batteries. Putailai has been establishing lo...
    News
    LG Energy Solution and Derichebourg to build battery recycling plant in France
    LG Energy Solution (LGES) and Derichebourg have announced plans to form a joint venture to build a battery recycling plant in Bruyères-sur-Oise, northern France. Construction is slated to begin in 2026, with operations starting in 2027. This facility will process battery scrap and end-of-life electric vehicle batteries, extracting black mass that contains key materials such as lithium, nickel and cobalt. The extracted materials will be reused in LGES' battery production, marking a ...
    News
    Endurance Technologies invests $5.6M in lithium-ion battery pack manufacturing facility in India
    India-based Endurance Technologies Ltd. announced plans to establish a manufacturing facility for lithium-ion battery packs with a capital expenditure of approximately 473 million rupees (about $5.6 million). The announcement was made through a regulatory filing. The new facility will be a greenfield project located in Mindewadi, Maharashtra, and will produce lithium-ion battery packs for mobility applications and battery energy storage systems. The facility is projected to have a produc...
    News
    Auto Shanghai 2025: Changan Automobile announces new global blueprint, investment roadmap
    Changan Automobile, a leading Chinese vehicle manufacturer, has chalked out three key strategies as part of its mid-to-long term roadmap, the company announced April 27 at the ongoing Auto Shanghai 2025. Changan said its three key strategies include Shangri-La Mission, Dubhe Plan and its Vast Ocean Plan, covering the expansion of its new-energy vehicle (NEV) portfolio, global footprint, and new investment in intelligent driving technologies and innovations. Under its Shangri-La Mission, Ch...
    Briefing
    Durapower Technology plans US manufacturing facility for lithium-ion batteries
    Durapower Technology, a Singaporean lithium-ion (Li-ion) battery cell and pack manufacturer, is exploring opportunities to establish a manufacturing facility in the US as part of its global expansion efforts. The company is seeking joint venture partners for this potential facility and plans to initiate discussions during the Advanced Clean Transportation Expo (ACT Expo) in Anaheim, California, from April 28 to May 1. At the expo, Durapower will showcase its battery technologies and solutions...
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