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    US automakers, battery suppliers rationalize excess battery capacity, pivot to energy storage systems
    In December 2025, Ford Motor Co. and SK On announced plans to end their $11.4 billion battery joint venture — BlueOval SK — as part of their broader business overhaul amid a slowdown in demand for battery-electric vehicles (BEVs) and the end of government subsidies under the Inflation Reduction Act (IRA). The decision to cease the battery JV came as the two companies sought to avoid accumulating losses from EV battery operations in a market witnessing policy shifts away from BEVs and to r...
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    European New Car Assessment Program’s button mandate forces a rethink of the digital cockpit
    For more than a decade, the automotive industry followed a clear trajectory: digitize the driving experience, replace physical controls with touchscreens and let software define the cockpit. From 2026, Europe’s most influential vehicle safety assessor will begin to reverse that logic. Under revised protocols, the European New Car Assessment Program (EuroNCAP) will explicitly reward vehicles that provide physical controls for essential driving functions, such as indicators, hazard lights, wi...
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    Posco International launches CVC fund to build global heavy rare earth supply chain
    Posco International is developing a global supply chain for heavy rare earth elements used in electric vehicle traction motors and has launched its first Corporate Venture Capital (CVC) fund in partnership with Posco Investment. The fund totals 25 billion won (approximately $16.6 million), and its first strategic move is an investment of 8 billion won in a domestic specialist in rare earth separation and refining. This fund is intended to function as a strategic investment platform for techno...
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    TSMC plans to start 3-nm chip mass production at Japan fab in 2028
    TSMC is expected to begin equipment installation and mass production of 3-nanometer (nm) wafers in 2028 at its second factory in Japan, according to a Taiwanese government filing released late on March 31. This follows a statement in February by TSMC CEO CC Wei, who said during a meeting with Japan's Prime Minister Sanae Takaichi that the company plans to mass-produce advanced 3-nm chips at its second fabrication plant in Japan. Under the revised plan outlined in the filing, the second chip-m...
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    Scotland approves £17.8 million package of incentive schemes to support uptake of EVs in 2026–2027
    The Scottish government has confirmed £17.8 million of funding for a package of incentive schemes in 2026–2027 to support the continued uptake of electric vehicles and the expansion of EV charging infrastructure. The schemes will focus on improving access to public, workplace and home charging, with targeted support for rural and island communities, lower-income households, households without off-street parking, microbusinesses and third sector organizations. All schemes will be delivered ...
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    Seat & Cupra starts battery system series production at Martorell for electric urban models
    Seat & Cupra has begun series production of battery systems at its Martorell, Spain, plant, marking the final step before the series production of the Cupra Raval, which is described as the first model of the Brand Group Core's Electric Urban Car Family and is scheduled to hit the streets this summer. The same battery systems will also power the Volkswagen (VW) ID. Polo, the other electric model to be manufactured at this facility. According to Markus Haupt, CEO of Seat & Cupra, this ...
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    BYD secures a new 2.6-GWh energy storage order in Chile
    BYD has obtained a new order to supply energy storage systems (ESS) for a clean energy project in Chile, representing further progress for its expanding energy storage business. The Chinese new-energy vehicle (NEV) and battery-maker partnered with Spanish renewable energy firm Grenergy to secure the new 2.6 gigawatt-hours overseas order, according to a statement on March 27. BYD will provide 468 of its MC Cube-T energy storage systems to the Central Oasis solar-plus-storage project ...
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    Cambridge Mobile Telematics lands $350 million investment led by TPG and Allianz
    Cambridge Mobile Telematics (CMT) announced a $350 million strategic investment on March 24, led by TPG and Allianz X, with participation from State Farm. The investment is intended to accelerate CMT's expansion in scaling its global road safety platform, advancing AI models for real-time driving risk assessment and crash detection, and increasing adoption of its Universal Driving Score. The transaction includes long-term commercial agreements with various Allianz Group operating entities, inclu...
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    Tenneco Clean Air India plans new plant to expand DaVinci DCx suspension capacity
    Tenneco Clean Air India Ltd. is planning to set up a new plant to expand its manufacturing capacity for advanced ride technologies, driven by strong demand for its DaVinci DCx suspension systems, Autocar Professional reported, citing the company’s CEO Arvind Chandra. The patented suspension technology was first introduced in Mahindra & Mahindra's XUV 7XO sport utility vehicle and has since attracted significant interest from other original equipment manufacturers, with most automakers want...
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    Keysight Technologies starts manufacturing in India
    Keysight Technologies has commenced manufacturing in India, marking a significant shift from a research and development hub to a high-precision manufacturing base with direct implications for sectors such as semiconductors, telecom, and automotive electronics. The US-based company has begun production at its Chennai facility, positioning it as the first test and measurement company to manufacture hardware products within India, catering both to domestic needs and global markets. According to ...
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    Exide Industries invests nearly $48 million in Exide Energy Solutions for EV battery expansion
    Exide Industries Ltd. has announced a new capital investment of 4.5 billion rupees (approximately $48 million) in its wholly owned subsidiary, Exide Energy Solutions Ltd. (EESL), bringing its total financial commitment in the electric vehicle battery sector to 480.2 billion rupees. This investment was made through a subscription to equity shares on a rights basis, where EESL issued 11,25,00,000 equity shares, each priced at 40 rupees. The issued shares were exclusive to the parent company, keepi...
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    Tesla and SpaceX to build advanced chip facility Terafab in Austin
    Tesla CEO Elon Musk announced plans for Tesla and SpaceX to develop an advanced chip facility in Austin, Texas, known as Terafab, in response to the growing need for computing power amid a global chip shortage. Terafab will consist of two facilities, each producing a specific chip design. One will focus on AI chips for Tesla's electric vehicles and Optimus humanoid robots, and the other on AI chips for SpaceX's space-based data centers. Musk emphasized the necessity of Terafab by stating that wi...
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    Toyota plans to invest $1 billion in its Kentucky and Indiana plants in the US
    Japanese automaker Toyota plans to invest $1 billion across its Kentucky and Indiana plants in the US, the company announced March 23, as it marked 40 years of its Kentucky plant, Toyota’s largest manufacturing plant worldwide. The carmaker said that the investment is part of its commitment to invest up to $10 billion in its US plants over the next five years. Notably, the company had first announced its $10 billion investment in the US in November 2025. Toyota said that of $1 ...
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    Valeo breaks ground on $225 million high-tech plant in Texas
    Valeo has initiated a new manufacturing facility project in McAllen, Texas. The company plans to invest $225 million over five years in this 337,000-square-foot facility, expecting the creation of up to 500 jobs. Production at this site is slated to commence in late 2027. The establishment of Valeo McAllen is part of Valeo's Elevate 2028 strategic plan, aiming to support the transformation of the automotive industry toward software-defined vehicles. This facility will produce the ce...
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    New Zealand government partners to expand EV charging network with $52.7 million loan initiative
    The New Zealand government is set to more than double the country's electric vehicle public chargers through a NZ$52.7 million (approximately US$30.7 million) zero-interest loan initiative, along with coinvestments from ChargeNet and Meridian Energy. Announced by Transport Minister Chris Bishop and Energy & Climate Change Minister Simon Watts, the initiative aims to address the lack of charging infrastructure, which has been a barrier for many potential EV owners. Through a contestable bi...
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    Nio’s battery asset operator Mirattery raises fresh funds
    Mirattery, the battery asset operator for Shanghai-based electric-car maker Nio's battery leasing business, has issued a new green Asset Backed Medium-term Notes (ABN) to support its battery-as-a-service (BaaS) operations. The company has successfully issued the first tranche of its 2026 green targeted ABN, amounting to 1 billion yuan (about $145 million), which has received strong interest from investors. The positive investor response and decreasing issuance price demonstrate Mirattery's ex...
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    QCraft secures $100 million funding for AI research and autonomous driving expansion
    QCraft has announced the completion of a $100 million Series D funding round, with participation from investors such as Ningbo Ninghai Xingtaihe Fund, Wonderland Capital, and Liangxi Science and Innovation Industry Investment Fund Partnership, along with strategic investors from a notable original equipment manufacturer and automotive electronics components supplier. The raised funds will be used to advance physical AI research, focusing on world models and reinforcement learning, as well a...
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    Benteler invests €17 million at German sites to expand steel tube production capacity for automotive market
    Benteler is expanding its manufacturing plants in Paderborn, Germany, through additional investments, focusing primarily on its Benteler Steel/Tube division. The company is investing approximately €17 million to expand tube manufacturing at the Schloß Neuhaus, Germany, plant, strengthening its position in the European market for seamless and welded steel tubes. This expansion will help Benteler serve the growing demand for steel tubes, particularly from the automotive sector. According to ...
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    Dai Nippon Printing to open R&D center in India's Telangana to conduct mobility research
    Dai Nippon Printing Co. Ltd. (DNP) has announced plans to establish a new research and development center in Telangana, India, in April 2026 to bolster its international R&D strategy. This will be the second overseas location for the Japanese supplier, following the establishment of a facility in the Netherlands in September 2025. DNP will conduct joint research with the Indian Institute of Technology Hyderabad (IITH), focusing on mobility and healthcare. The facility will be located...
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    Pennsylvania invests $9 million in EV charging stations under NEVI program
    Pennsylvania has announced a $9 million investment in electric vehicle charging stations through the National Electric Vehicle Infrastructure (NEVI) program. The state has 30 charging stations, with 53 more planned or under construction. The Pennsylvania Department of Transportation (PennDOT) has committed to funding 12 new charging stations along major roadways, building on the $54 million already invested across the state. The first NEVI-funded charging station in Pennsylvania was opened...
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    BYD to invest $57 million in new automotive research and testing center in Rio de Janeiro, Brazil
    BYD has announced plans to invest 300 million Brazilian real (nearly $57.1 million) in establishing a new automotive research and testing center in Rio de Janeiro, Brazil. This initiative is designed to strengthen BYD’s presence in the Brazilian electric vehicle market and support the company’s broader international expansion. Construction of the facility is scheduled to begin toward the end of 2026, with operations expected to start in 2028. The center will be built on a site of more tha...
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    Nano One advances LFP production capacity expansion at Candiac facility
    Nano One has provided an update on its lithium iron phosphate (LFP) production capacity expansion project at its Candiac, Quebec, facility. The project aims to increase production capacity by 800 metric tons per annum. As of now, detailed engineering work is progressing as planned, with a target completion date set for July. Major equipment purchase orders have been made with suppliers in France, Germany and other countries. The selection of vendors for the remaining major equipment packages ...
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    V-Green invests 10 trillion dong for 99 super EV charging stations in Vietnam
    V-Green Global Charging Station Development Joint Stock Co. has announced a substantial investment of 10 trillion dong (approximately $380 million) to construct a network of 99 super electric vehicle charging stations in Vietnam. These stations, which will operate using 100% clean energy from wind and solar power, are designed to simultaneously charge up to 100 electric cars, each with a power capacity of 150 kilowatts, significantly reducing charging time to approximately 15 minutes. The pro...
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    Polestar secures $300 million in new equity investments
    Polestar announced March 16 that it has secured $300 million in equity investments from a group of purchasers, including Crédit Agricole CIB, Vida Finance SA, Innovator Ltd., and Proximastar Holdings Co. Ltd. As part of this arrangement, the purchasers have entered a put option deal with a subsidiary of Geely Sweden Holdings AB, allowing them an exit option with guaranteed returns in three years. These arrangements mirror previous equity financing agreements from December 2025 and February 2...
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    Exicom inaugurates advanced manufacturing facility in Hyderabad to boost EV infrastructure
    Exicom Tele-Systems Ltd. inaugurated a new manufacturing facility in Hyderabad on March 16, making a significant capital investment in India's power electronics sector. The plant, constructed at a cost of 2.16 billion rupees (approximately $23.3 million), covers 280,000 square feet of built-up area on a total land footprint of 18.4 acres. It is projected to generate over 750 jobs in the region. It enhances Exicom's production capacity by 2.5 times, serving both domestic and export markets. ...
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    TU Braunschweig inaugurates new facilities for sustainable battery production
    On March 6, Technische Universität (TU) Braunschweig inaugurated three new facilities at the Battery Labfactory Braunschweig (BLB) research center to advance innovative and sustainable battery production processes. This initiative strengthens the BLB+ regional network's role in industry-oriented research for sustainable battery production and was funded with over €10 million from Germany's Federal Ministry of Research, Technology and Space (BMFTR). The project focuses on pioneering battery...
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    RAW Charging partners with Landsec to build largest destination EV charging hub in the UK
    RAW Charging has partnered with Landsec to establish the UK's largest destination electric vehicle charging hub at Bluewater. The initiative is part of a £24.5 million national rollout in popular retail destinations. The initiative aims to deliver 1,000 new charging bays across 28 Landsec locations, including Bluewater, Gunwharf Quays, White Rose Shopping Centre and Brighton Marina. Some sites are already operational. The planned EV charging network is designed to meet customer dem...
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    Tsuyo Manufacturing receives approval for EV powertrain facility in Karnataka, India
    Tsuyo Manufacturing Pvt. Ltd. has received approval from the government of Karnataka in India to establish an electric vehicle powertrain manufacturing and validation facility in the Hubli-Dharwad region. The facility, covering 20 acres, involves a 2.5 billion rupees (nearly $27 million) investment and will serve as an integrated powertrain development campus, merging manufacturing with testing and validation. This approval comes from the State-Level Single Window Clearance Committee and follows...
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    Aisin and Pegasus Tech Ventures double CVC fund to $100M to support emerging mobility tech startups
    Aisin Corp. and Pegasus Tech Ventures have announced the expansion of the corporate venture capital (CVC) that the US-based venture capital firm manages for the Japan-based automotive supplier, from the current $50 million to $100 million. This expanded fund, set to operate through 2036, continues the existing partnership aimed at investing in breakthrough technologies that support Aisin's corporate mission. The initial fund, launched in 2018, has invested in over 40 startups globally, foster...
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    Posco Future M secures $668.2 million contract for EV battery anode materials
    Posco Future M announced that it has secured a 1 trillion won (about $668.2 million) contract to supply electric vehicle battery anode materials to a global automaker, marking its largest deal since entering the battery business in 2011. The agreement, covering the years 2027–2032, includes an option for extension upon mutual consent, although the automaker's identity remains undisclosed. This contract is part of a broader arrangement, which also involves a natural graphite anode supply dea...
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    Tesla and LG Energy Solution to establish $4.3 billion battery plant in Michigan
    The US government confirmed a supply agreement between Tesla and South Korea's LG Energy Solution to establish a $4.3 billion lithium iron phosphate (LFP) prismatic battery cell manufacturing facility in Lansing, Michigan, anticipated to begin production in 2027. These US-made cells are intended to power Tesla's Megapack 3 energy storage systems in Houston, contributing to the development of a domestic battery supply chain. This deal is part of a series of agreements highlighted by the Trump ...
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    Leoni invests $11.4 million in Mexico to ramp up capacity to produce wire harnesses for EVs
    Leoni has announced a strategic investment of $11.4 million to enhance its manufacturing operations in Durango, Mexico. This investment aims to bolster the company's capacity for producing wiring harnesses specifically for electric vehicles. The expansion will involve the installation of 14 new production lines, marking the facility as the first in Mexico dedicated to such advanced automotive components. As operations increase, the project is expected to create 500 direct jobs over the next two ...
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    Fiem Industries opens electromagnetic interference and electromagnetic compatibility testing laboratory in India
    Fiem Industries Ltd. has launched an electromagnetic interference (EMI) and electromagnetic compatibility (EMC) testing laboratory at its R&D-Electronics Innovation Centre and corporate office in Gurugram, Haryana, India. This facility is designed to support the Indian lighting supplier in developing automotive lighting electronics for both two-wheelers and passenger vehicles, especially as LED technology and electronic controls become more prevalent in lighting systems. The laboratory enabl...
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    Essex County Council plans to invest £8.3 million for installation of 5,000 public EV charging points by 2031
    Essex County Council in the UK has launched a campaign titled Electrifying Essex, following an £8.3 million investment aimed at promoting the use of electric vehicles. This investment is aimed at the installation of 5,000 public EV charging points across Essex by 2031. The funding is sourced from the UK government's Local Electric Vehicle Infrastructure (LEVI) fund, making this the second largest allocation received by any council in the UK. The installation of these charging points is se...
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    Autonomous A2Z secures 40.5 billion won pre-IPO funding for global expansion and AI projects
    Autonomous A2Z has completed a pre-IPO funding round, raising 40.5 billion won (about $27.4 million), bringing its total funding to 122.5 billion won, which is the largest sum collected by a self-driving startup in South Korea. This funding will back the company's impending initial public offering on the Kosdaq later in 2026 and will aid in the expansion of its autonomous mobility projects domestically and internationally. Additionally, it will support investments in infrastructure and talent to...
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    Fastned raises over €32 million from retail bonds
    Fastned, a leading fast-charging-point operator (CPO) in Europe, has successfully concluded a retail bond campaign, raising €32.4 million from individual investors in the Netherlands and Belgium. The funds will aid Fastned in expanding its network as the demand for electric vehicles increases, with over 10 million fully electric cars currently on European roads. Fastned's network operates in nine countries with 410 stations catering to EV drivers across Europe. The company reported recor...
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    Posco Future M to start mass production of LFP cathode materials to rival mainland Chinese market
    Posco Future M plans to begin mass production of lithium iron phosphate (LFP) cathode materials in 2026, aiming to compete with mainland Chinese dominance in the low-cost battery segment. President and CEO Eom Gi-chen announced this initiative during a press briefing at InterBattery 2026 in Seoul, South Korea. He mentioned that major South Korean battery companies, including LG Energy Solution, Samsung SDI and SK On, also plan to release LFP products within the year. Posco Future M intends to...
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    Group14 opens EV-scale silicon battery materials factory in South Korea
    Group14 Technologies has announced the commencement of production at its newest silicon battery materials factory in Sangju, South Korea. This facility is the world's first to operate at an electric vehicle-scale for silicon battery materials, with a capacity to produce 2,000 metric tons annually, equivalent to 10 gigawatt-hours of battery capacity. The Sangju factory complements Group14's existing US manufacturing base, which includes a commercial factory in Woodinville, Washington, and...
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    Ashok Leyland to set up a greenfield battery pack manufacturing plant near Chennai
    Ashok Leyland, part of the Hinduja Group, has commenced the construction of a new greenfield battery pack manufacturing facility at Pillaipakkam near Chennai, India. The company plans to invest about 4 billion to 5 billion rupees (about $45 million to $55 million) on the project. This project aligns with Tamil Nadu's Electric Vehicle Policy 2023 and India's goal of achieving net-zero emissions by 2070. The facility will support localizing electric vehicle battery production, strengthen the su...
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    PPG plans $280 million expansion at US facility, creating 100 jobs by 2028
    PPG Industries has announced a plan to expand its operations in Delaware, Ohio. The company will invest over $280 million in a project, which is expected to generate 100 jobs. The investment involves constructing a new 100,000-square-foot facility at the company's current location, aimed at producing an array of paints and coatings for automotive original equipment manufacturers and parts suppliers. The expanded facility is expected to begin operations in 2028. “As the automo...
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    Aisin unveils 2028 Medium-Term Management Plan targeting 6.2% of operating profit margin and 10% of return on equity by FY 2028/29
    On Feb. 19, Aisin Corp. unveiled its 2028 Medium-Term Management Plan to ensure sustainable growth beyond 2030, in line with its Medium- to Long-Term Business Strategy. Amid global uncertainty and shifting market trends, the Japanese supplier aims to transform into a company that realizes the full value of movement by leveraging its manufacturing expertise, extensive product range and integrated global production network. The three-year plan, which will guide the Japanese supplier t...
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    Hyundai Mobis opens first European plant in Hungary to supply chassis modules to Mercedes-Benz
    Hyundai Mobis has commenced operations at its new plant in Kecskemet, Hungary, marking its first European production base dedicated to serving global customers outside of the Hyundai Motor Group. This facility will produce chassis modules for both electric and hybrid vehicles and is flexible enough to accommodate modules for internal combustion engine (ICE) models if required. The 50,000-square-meter plant is Hyundai Mobis' fourth manufacturing site in Europe, following facilities in the Czec...
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    NextStar Energy inaugurates Canada’s first commercial-scale battery facility in Windsor
    NextStar Energy celebrated the grand opening of its advanced battery manufacturing facility in Windsor, marking a significant development for Canada's first commercial-scale battery manufacturer. The event highlighted key achievements and the company's progress as it continues to innovate and grow. The facility, which covers 4.23 million square feet, is pivotal to Canada's battery manufacturing ecosystem, having received a C$5 billion investment and generated 1,300 direct jobs since 2022. Sin...
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    Islington council in the UK secures about £1 million in grant funding to expand EV charging infrastructure
    The Islington Council in the UK has secured close to £1 million from the Department for Transport as part of a £1.86 million government funding, along with private investments, to expand electric vehicle charging points in the borough. The aim is to promote a cleaner transport network for local residents. Councilor Rowena Champion emphasized the borough's commitment to tackling climate change by delivering more than 600 publicly accessible charge points, with plans for additional installati...
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    Nexen Tire opens winter tire testing facility in Finland
    On Feb. 13, Nexen Tire officially opened its Purple Snow Ivalo Center, a testing facility dedicated to winter and all-weather tires, in Ivalo, Finland. The center is located within the Union Technique de l'Automobile, du Motocycle et du Cycle (UTAC) proving ground in Ivalo, near the Arctic Circle in Northern Europe. UTAC is recognized as Europe's largest automotive testing organization. It offers a comprehensive testing infrastructure replicating extreme winter conditions. Nexen Tire aims to ...
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    Invisible Urban Charging and ATX Smart Mobility invest $500 million in Mexico's EV infrastructure
    Two US companies, Invisible Urban Charging Inc. (IUC) and ATX Smart Mobility LLC, are set to invest $500 million to install electric vehicle chargers in Mexico's central region. This investment will begin with the deployment of 38 chargers and 140 electric buses in Mexico's Bajío region. Atlanta-based IUC is responsible for funding, sourcing and servicing charger hardware, providing a software platform for site owners and an app for drivers. Miami-based ATX offers technology to optimize rout...
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    Oxa raises $103 million in Series D round to boost mobility automation efforts
    Oxa has completed the first close of its Series D funding round, raising $103 million. Of this amount, an initial $50 million came from the National Wealth Fund, with additional support from NVentures (NVIDIA’s venture capital arm), IP Group, Hostplus and bp Ventures. This funding will enhance Oxa's efforts in commercializing solutions for industrial mobility automation (IMA), which aims to automate repetitive industrial driving tasks. The investment will further develop Oxa's physical AI and ...
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    Acciona to build Madrid's largest public EV charging hub in M-30 ring road
    Acciona has secured a contract from the Madrid regional government to construct the largest public electric vehicle charging hub within Madrid's M-30 ring road. This facility, expected to be operational in 2027, will feature a total installed capacity of 4,000 kW. It will include 20 ultrafast-charging points — 19 for regular cars and one for heavy-duty vehicles — alongside a battery-swapping station for Silence EVs. Located at 276 Paseo de la Castellana, opposite the Four Towers business ...
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    MRF signs MOU with India’s Tamil Nadu government to set up greenfield tire manufacturing facility
    MRF Ltd. has signed a memorandum of understanding (MOU) with the government of Tamil Nadu in India to establish a tire manufacturing facility in Sivaganga District. The agreement, facilitated by the state investment agency Guidance, was announced on March 4. The greenfield plant will be located at the State Industries Promotion Corp. of Tamil Nadu Ltd. (SIPCOT) Industrial Park. MRF plans to invest 53 billion rupees (nearly $575 million) over 12 years, aiming to generate direct employment for ...
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    Gotion High-Tech completes design of 2-GWh solid-state battery mass production line
    Gotion High-Tech has completed the design for its 2-GWh all-solid-state battery mass production line, marking significant progress in the commercialization of solid-state batteries. The production line is scheduled to begin operations in 2026, with pilot vehicle trials in 2027 and mass production by 2030. This transition moves Gotion High-Tech from the laboratory phase to the production line phase, focusing on sulfide electrolytes, and incorporates the proprietary Golden Stone Battery technol...
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    ŠKODA opens largest BEV battery assembly facility in Volkswagen Group at Mladá Boleslav
    ŠKODA has inaugurated a new battery systems assembly hall in Mladá Boleslav, Czech Republic, becoming the largest battery-electric vehicle (BEV) battery system manufacturer within the Volkswagen Group. This €205 million investment highlights the strategic importance of ŠKODA's plant and enhances synergies within the Brand Group Core. The facility strengthens the European battery value chain to ensure a stable supply of battery systems for models across various Group brands. The prod...
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    Rsemi secures strategic financing to advance automotive chip development
    Rsemi, a Chinese developer focusing on high-speed in-vehicle SerDes chips, recently completed a strategic financing round with investments led by SAIC Capital and Shangqi Capital, as well as Tianhong Capital, Qian Investment and other industrial investors. This financial backing highlights Rsemi's recognition in the automotive industry for its product engineering, commercial execution and operational strength, setting the stage for its next growth phase. Founded in February 2022, Rsemi specia...
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    Lyten completes acquisition of Northvolt’s Swedish battery assets
    Lyten, a US-based emerging battery company, has completed the acquisition of Northvolt Ett and Ett Expansion (Skellefteå, Sweden) and Northvolt Labs (Västerås, Sweden), the company announced Feb. 27. According to Lyten, the acquisition of Swedish battery assets of Northvolt includes 16 GWh of existing battery manufacturing capacity, over 160 hectares of land, infrastructure and buildings to support expanded manufacturing and industrial activities, and the largest and most advanced battery ...
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    Webasto plans third sunroof manufacturing plant in India
    Webasto has announced plans to open its third manufacturing plant in India. The plant, situated between Manesar and Kharkhoda in northern India, will primarily serve customers in this region and is projected to have an annual capacity of approximately 500,000 units. It is expected to commence operations in the fourth quarter of 2026. With this new addition, alongside existing plants in the west (Pune, Maharashtra) and south (Chennai, Tamil Nadu) of India, Webasto enhances its presence in all ...
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    Nouveau Monde Graphite acquires brownfield site in Bécancour
    Nouveau Monde Graphite Inc. (NMG) has completed the acquisition of a brownfield site in Bécancour, Québec, adjacent to its greenfield site, to support its partnership with Panasonic Energy. This acquisition will enable NMG to expedite the construction and commissioning of the first stage of its Bécancour Battery Material Plant, intended to supply Panasonic Energy with 13,000 metric tons per annum of active anode material. The strategic acquisition involves a 143,000-square-meter site wit...
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    Wayve secures $1.2 billion in Series D to expand autonomous driving AI platform
    Wayve has announced a successful Series D investment round, securing $1.2 billion and bringing its post-money valuation to $8.6 billion. This funding marks a significant transition for Wayve, moving from AI research to the scaled commercial deployment of its end-to-end AI platform for autonomous driving. The investment round was led by Eclipse, Balderton and SoftBank Vision Fund 2, with new contributions from global investors such as Ontario Teachers' Pension Plan and Baillie Gifford. Micro...
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    Apollo Tyres opens outdoor tire testing facility in Finland
    On Feb. 24, Apollo Tyres inaugurated its dedicated outdoor tire-testing facility in Ivalo, Finland, marking a significant step in its commitment to improving the performance of winter and all-season tires. The facility, developed under a long-term agreement with the automotive testing and certification organization UTAC, became fully operational in December 2025 and held a formal opening this week. The testing facility includes snow and ice tracks that replicate real-world winter conditions, ...
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    ElevenEs raises Series B funding from Caterpillar for new lithium iron phosphate battery factory
    ElevenEs, backed by Caterpillar Venture Capital Inc., has completed the first closing of its Series B investment round. Caterpillar Venture Capital, a subsidiary of Caterpillar Inc., participated in this round alongside an affiliate of BST (HK) Ltd., a commodity trading house based in Hong Kong. This milestone is pivotal for European battery manufacturing as the funds will be directed toward the initial infrastructure and equipment phases for a planned 1-GWh mega-factory set to begin construc...
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    Latvian government allocates €40 million to support purchase of EVs
    Latvia's Ministry of Climate and Energy (KEM) has announced the development of a new support program aimed at encouraging residents to purchase environmentally friendly vehicles. The program, which is yet to receive government approval, plans to offer financial assistance for the acquisition of electric cars, externally chargeable hybrid cars and hydrogen cars. The program is planned to be funded with €40 million and will continue until the funds are fully utilized, though not beyond Dec. 3...
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    Pennsylvania Transportation Department grants $100 million for public EV chargers
    The Pennsylvania Transportation Department (PennDOT) has initiated the Community Charging phase of the National Electric Vehicle Infrastructure (NEVI) program. As part of this initiative, the Shapiro administration will allocate $100 million in federal funding to establish public electric vehicle charging stations across Pennsylvania communities. The southeastern region, involving Bucks, Chester, Delaware, Montgomery and Philadelphia counties, will be prioritized initially, with $34 million e...
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    Toyota to build vehicle recycling facility in Poland
    Toyota Motor Europe (TME) has announced the establishment of a new Circular Factory in Walbrzych, Poland, which will occupy 25,000 square meters and process approximately 20,000 end-of-life vehicles annually. This initiative is part of TME's strategy to develop a circular economy model focused on reducing, reusing and recycling to maximize environmental benefits. The facility will employ a comprehensive approach to vehicle processing, aimed at recovering components and raw materials such as c...
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    RecLiCo opens Innovation Centre for lithium-ion upcycling in British Columbia
    RecycLiCo Battery Materials Inc., a company specializing in critical minerals refining and lithium-ion battery upcycling, has announced the opening of its Innovation Centre laboratory in Delta, British Columbia. This facility will provide bench-scale hydrometallurgical processing alongside technical research and development services tailored to projects within the metals, mining, refining and battery materials sectors. The aim is to support miners, refiners, original equipment manufactur...
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    Marelli Motherson Automotive Lighting opens new manufacturing plant in India
    Samvardhana Motherson International Ltd. has inaugurated a new manufacturing facility in Sanand, Gujarat, India, to produce and supply automotive lighting systems. The plant will be operated by Marelli Motherson Automotive Lighting India Private Ltd. (MMLI), a strategic joint venture between the Motherson Group and Marelli. It will focus exclusively on exterior lighting systems, including headlights and taillights, thereby strengthening the Indian auto component group’s capabilities in premium...
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    ZF Group aims to double revenue in India by 2030
    ZF Group plans to at least double its revenue in India by the end of 2030, according to CEO Mathias Miedreich, Autocar Professional reported Feb. 23. Miedreich described India as both a growth market and a global sourcing and export base for the group. He emphasized India's central role in achieving this goal, supported by growth across the automotive, rail, agriculture, construction and defense sectors. “Minimum double our revenue in India. That's the goal that Akash [Akash Passey, pr...
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    BOS Semiconductors raises $60.2 million in Series-A funding for AI chip development
    BOS Semiconductors, a fabless chipmaker from South Korea, has successfully raised approximately $60.2 million (87 million won) in a Series-A funding round, a significant figure for an early-stage South Korean startup. This reflects the market's interest in AI semiconductors and BOS Semiconductors' rising status in the industry. The funding round saw participation from both existing and new investors, including Atinum Investment, Partners Investment, Stick Ventures, Industrial Bank of Korea,...
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    BMW-backed HeyCharge secures €2.5-million grant from EIC Accelerator
    HeyCharge, a technology company based in Munich and supported by BMW i Ventures, Statkraft Ventures and Y Combinator, has received a €2.5-million grant from the European Innovation Council Accelerator. This funding is directed toward the SecureCharge FLEX project, which aims to overcome challenges in installing electric vehicle (EV) chargers in multiunit residential buildings, specifically addressing unreliable connectivity and high installation costs. Chris Cardé, HeyCharge's founder a...
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    Qualcomm plans India-based manufacturing for global automotive module export
    Qualcomm is preparing to sign a deal to contract-manufacture and source automotive module products from India, which will be exported worldwide and sold domestically, as stated by Qualcomm Global CEO and President Cristiano Amon. This development marks Qualcomm as potentially the first leading global chipmaker to export such products from India, following the Indian government's announcement of a $10 billion semiconductor incentive package nearly four years ago. The announcement coincides with t...
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    Uber to invest $100 million in autonomous vehicle charging hubs across key US cities
    Uber Technologies announced it will invest over $100 million to develop autonomous vehicle charging hubs, enhancing its self-driving operations. This initiative will include installing DC fast-charging stations at Uber's autonomous depots and at key locations in priority cities. The expansion of charging infrastructure will start in the US with the Bay Area, Los Angeles and Dallas, before extending to additional cities. Uber is also collaborating with chargepoint operators globally to establi...
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    Nouveau Monde Graphite to commence phase two Matawinie Mine construction in Canada
    Nouveau Monde Graphite Inc. (NMG) is preparing for the construction of its phase two Matawinie Mine in Canada. The project, identified by the government of Canada as a major project of national interest, aims to support economic growth and the sourcing of critical minerals for G7 countries and allies. NMG has awarded significant contracts, securing over 50% of the project's capital expenditure, to ensure timely and on-budget delivery. Manawan-Fournier, an Atikamekw joint venture, will carry o...
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    Valeo plans to invest over €200 million in India by 2028
    Valeo has announced plans to invest over €200 million in India, aimed at expanding its industrial presence as part of its Elevate 2028 strategic plan. This investment is projected to triple Valeo's sales in India to about €700 million by 2028 and further prepare for growth beyond this period. The company is capitalizing on the rising trends of electrification and AI technologies to meet the needs of Indian and global original equipment manufacturers. Valeo CEO Christophe Périllat e...
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    Nio records new single-day battery-swap service amid peak travel period in mainland China
    Nio Inc. has achieved a new record for its battery-swap service on Feb. 15, with 146,649 swaps conducted in a single day as public travel increased ahead of a major holiday in mainland China. This date marked the beginning of the 2026 Spring Festival holiday, which spanned until Feb. 23, with the Lunar New Year occurring on Feb. 17. The Spring Festival is a significant occasion for Chinese residents, often involving extensive travel as people return to their hometowns to reunite with family. ...
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    Green Rain Energy launches EV+ networks to boost US EV charging infrastructure
    Green Rain Energy Holdings Inc. has announced the launch of its new division, Green Rain EV+ Networks, aimed at accelerating the development of electric vehicle charging infrastructure in key US markets, specifically in New York, California, Arizona and New Mexico. This initiative focuses on high-traffic commercial areas and aligns with state-level clean energy goals. Progress is underway at 1600 West Ridge Road, where a new utility pole installation is planned post-snow clearance by the end of ...
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    Thyssenkrupp opens new axle manufacturing plant in Bavaria, Germany
    Thyssenkrupp Automotive Technology, the automotive division of the Germany-based thyssenkrupp, opened a new axle assembly plant in Allershausen, north of Munich. The new plant represents a mid-double-digit million-euro investment and is expected to generate about 250 new jobs. The plant is dedicated to assembling front and rear axles for new BMW vehicle generations, marking a significant expansion of thyssenkrupp's production and logistics network in Germany. Volkmar Dinstuhl, CEO of thyssenk...
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    Himadri Speciality Chemicals ventures into EV battery materials with LFP cathode plant in Odisha, India
    Himadri Speciality Chemicals is expanding into the electric vehicle battery materials sector and is in discussions with global EV manufacturers and battery-makers to supply lithium iron phosphate (LFP) cathode materials. This move is intended to leverage the increasing demand for cost-efficient, safe and eco-friendly battery chemistries, thereby enhancing the company's role in the global energy storage supply chain. The company plans to introduce its LFP business in stages, aiming to supply m...
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    Imerys partners with French government for EMILI project's strategic lithium development
    Imerys has announced that Banque des Territoires, representing the French government, is acquiring a minority stake in the Exploitation de Mica Lithinifère (EMILI) project. The transaction, aimed at supporting the project, is expected to be finalized in the coming months. The investment by the French government is part of the "critical metals" component of France 2030, and it marks a significant step in the development of the EMILI project, an endeavor recognized as strategically important a...
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    EV battery diagnostic startup Aviloo raises €30 million in fresh funding
    Aviloo, an independent electric vehicle battery diagnostics company headquartered in Austria, has secured a strategic investment of approximately €30 million. This investment comes from Armira Growth and Invest AG, which has acquired all shares previously held by the European Innovation Council Fund. Raiffeisen KMU Invest remains a key shareholder, and the deal awaits regulatory antitrust approval. Established in 2018 by Wolfgang Berger and Nikolaus Mayerhofer, Aviloo has grown from an...
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    Canada announces more funding for clean transportation projects
    On Feb. 5, Canada introduced its new Automotive Strategy aimed at securing the auto industry and establishing a competitive sector focused on next-generation vehicles. This strategy includes a five-year Electric Vehicle Affordability Program and investments through the Canada Infrastructure Bank's (CIB) C$1.5 billion Charging and Hydrogen Refuelling Infrastructure Initiative, making it easier for Canadians to purchase and drive electric vehicles. Canada has already installed over 30,000 ...
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    Kiwi Charge raises C$1.7 million investment in Ontario for developing autonomous EV charging
    Kiwi Charge, a robotics and AI startup, has launched a project to develop autonomous electric vehicle charging solutions, funded by a C$1.7 million investment. The government of Ontario, through the Ontario Vehicle Innovation Network (OVIN), along with General Motors Canada and Pfaff Automotive, supports this initiative. The investment includes a C$500,000 grant from the OVIN R&D Partnership Fund and C$1.2 million from industry partners. Kiwi Charge will showcase its autonomous charging r...
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    ProLogium Technology begins construction of gigafactory in Dunkirk for battery production
    ProLogium Technology has initiated the construction of a gigafactory in Dunkirk, France, marking the company's first facility outside Taiwan. This site will focus on the mass production of solid-state lithium ceramic batteries, contributing to Europe's energy transition and strategic technological sovereignty. Supported by the French government, this facility aims to enhance France's industrial ecosystem and create jobs while supporting the decarbonization of the economy. French President Emm...
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    Xpeng collaborates with Voltron to launch Indonesia's first ultrafast EV charging facility
    Xpeng has partnered with Indonesia's largest private charging point operator, Voltron, to introduce Indonesia's first ultrafast-charging facility with a capacity of up to 480 kW. This initiative aims to provide a faster and more efficient charging experience for Xpeng vehicle users, reflecting Xpeng's commitment to customer comfort by ensuring the readiness of supporting facilities. The ultrafast-charging system is designed to support the Xpeng G6 Pro, which can accommodate a charging power o...
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    Prime Planet Energy & Solutions launches new subsidiary in North America
    Prime Planet Energy & Solutions Inc., based in Chuo-ku, Tokyo, and led by President Hiroaki Koda, has announced the formation of a new subsidiary in the US. The subsidiary aims to bolster the company's organizational framework and operational capabilities in the North American market. Previously, the company's operations were primarily based in Japan and mainland China. The new subsidiary will address the urgent need to advance technical support for customers in North America and for the ...
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    E.ON secures tender to build fast-charging stations along Italy’s motorway corridors
    E.ON Drive Infrastructure Italy has been selected by Autostrade per l'Italia (ASPI) to establish an ultrafast-charging network for electric vehicles along Italy's main motorway corridors. This initiative aims to strengthen E.ON's commitment to expanding high-power charging infrastructure in Italy. The project involves installing 104 ultrafast-charging points at 18 service areas along key routes, including the A4 (Turin-Trieste) and A14 (Bologna-Taranto) motorways, with a completion target by ...
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    ComEd launches $70 million EV rebate initiative in Northern Illinois for 2026
    ComEd has announced a $70 million initiative to provide electric vehicle rebates in 2026 to residential, business and community customers in Northern Illinois, US. This funding, introduced during the annual Chicago Auto Show, aims to lower the up-front costs associated with EV adoption and includes rebates for residential EV chargers, fleet vehicles and public and business charging infrastructures. ComEd's programs, derived from the Beneficial Electrification program approved by the Illi...
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    Element3 begins lithium carbonate production in Texas, marking a domestic milestone
    Element3, a critical minerals company based in Fort Worth, Texas, has initiated lithium carbonate production in the Permian Basin, marking the first new domestic lithium mining project in the US in over 50 years. Located in Midland, Texas, the facility has a 3,000 metric tons per annum capacity and utilizes produced water from the Permian Basin, transforming oil and gas infrastructure into a critical mineral asset. This initiative supports the current US administration's goal to reduce reliance ...
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    Mitra EV raises $27 million to scale capital efficient fleet electrification
    Mitra EV, a commercial fleet electrification platform, has secured $27 million in new funding. The newly raised funds consist of equity funding from lead investor Ultra Capital and a credit facility from S2G Investments. This funding will support Mitra EV's expansion as fleet operators increasingly demand cost-efficient electrification solutions amid tightening capital markets and a broader industry pullback from electric vehicles. Mitra EV provides a fully managed electrification model th...
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    Karma Automotive and Factorial partner to launch solid-state battery production in the US
    Karma Automotive Inc. and Factorial Inc. have announced a partnership to launch the first solid-state battery production program in the US for passenger vehicles. This collaboration intends to incorporate Factorial's FEST solid-state battery technology into Karma's future vehicle platform, starting with the all-electric Karma Kaveya super coupe, which boasts over 1,000hp and a top speed exceeding 200 mph. The Kaveya is expected to be introduced to the US market by late 2027. The par...
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    QuantumScape unveils new Eagle Line at San Jose facility for battery production
    QuantumScape Corp. announced the inauguration of its newly installed Eagle Line at its San Jose, California, facility. The event was attended by automotive original equipment manufacturer customers, ecosystem partners and government officials, and included a tour of the Eagle Line. The Eagle Line comprises equipment, materials and automated processes forming the production blueprint for QuantumScape's technology. It utilizes the Cobra process, a scalable method for producing the QuantumScape sep...
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    TotalEnergies partners with Tikehau Capital to develop EV charging in Belgium and Netherlands
    TotalEnergies and Tikehau Capital have announced the establishment of a joint investment platform to advance the development of electric vehicle charging infrastructure in urban public spaces across Belgium and the Netherlands. This collaboration is intended to assist municipal authorities in transitioning to EVs and to bolster TotalEnergies' presence in the public charging sector within the Benelux region. The platform is equally owned by TotalEnergies and Tikehau Capital, focusing on c...
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    Aisin to invest $200 million to expand production in India
    Aisin Corp. and its Indian subsidiary Aisin Automotive Haryana Private Ltd. (AHL) plan to expand AHL's current plant and construct a new facility in Maharashtra, India, to grow their business in India's rapidly expanding market. The total investment for these projects is about ¥32 billion (about $200 million). Since initiating production in India in the 1990s, Aisin has enhanced its manufacturing capabilities to align with market trends and customer demands, producing and selling a variety of p...
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    Orion Energy to invest $4 million to install 105 EV charging stations in Boston, US
    Orion Energy Systems Inc., known for providing energy-efficient and electric vehicle charging solutions, has announced a significant project involving the installation of 105 EV charging stations and infrastructure in the Boston Public School (BPS) system. This contract is valued at $4 million. The installation is being carried out by Orion's Voltrek division at the Freeport Bus Yard, operated by BPS, a major client and one of the prominent school districts in the US. The newly installed unit...
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    AMG Critical Materials plans lithium highway to reduce reliance on mainland China
    AMG Critical Materials, a Dutch miner and lithium supplier, aims to reduce its dependence on mainland China by processing battery-grade lithium for electric vehicles in Brazil, Portugal and Germany. Michael Connor, the head of development at AMG, stated that the company plans to create a lithium highway connecting these three countries to bypass mainland China's monopoly on lithium processing. The goal is to establish a Western processing capacity in Brazil and Portugal to provide this expertise...
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    Waymo secures $16 billion to scale robo-taxi fleet globally
    Waymo has secured a $16 billion investment round, resulting in a post-money valuation of $126 billion. This milestone signifies the growing scale of autonomous mobility, with Waymo at the forefront. The financing was spearheaded by Dragoneer Investment Group, DST Global and Sequoia Capital, and included participation from Andreessen Horowitz, Mubadala Capital, Bessemer Venture Partners, Silver Lake, Tiger Global and T. Rowe Price, among others.  Waymo's safety performance is impressive, ...
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    Fastned plans to raise more funds, issues new bonds
    Fastned, a leading charge point operator (CPO) in Europe, has commenced a subscription for a new bond issue, with documentation available on Fastned's dedicated bonds page. The move aims to raise additional funds as Fastned continues to expand its charging network across the EU. The proceeds from these investments will be used to expand Fastned's network of fast-charging stations across both existing and new markets. This expansion is facilitated by the growing electric vehicle sales in Europ...
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    Sharge partners with Grab to launch EV charging stations for drivers in Thailand
    Sharge, an electric vehicle charging ecosystem operator in Thailand, has partnered with Grab, the country's top ride-hailing app, to launch EV charging stations exclusively for Grab drivers. This initiative aims to promote EV adoption among ride-hailing drivers. Sharge plans to invest over 400 million baht (approximately $12.8 million) to establish 40 charging stations across Thailand by 2027. Three initial stations will be located at Suvarnabhumi Airport, Don Mueang Airport and Pat...
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    Waabi completes $750 million funding round and partners with Uber for robo-taxi deployment
    Waabi has announced the completion of a $750 million Series-C funding round, which was oversubscribed and coled by Khosla Ventures and G2 Venture Partners. Additionally, Uber has provided a milestone-based future investment as part of a new partnership to deploy Waabi's robo-taxis using the Waabi Driver exclusively on the Uber platform. This funding round is the largest in Canadian history and will support the further development of Waabi's physical AI platform, enhance its commercial progress i...
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    Redwood Materials raises $425 million in Series-E funding
    Redwood Materials has completed the final closing of its Series-E financing round, raising a total of $425 million. The final close included ongoing participation from existing investors Capricorn and Goldman Sachs Alternatives, and introduced Google as a new investor. The increase from the previously announced $350 million is attributed to strong demand and confidence in Redwood Materials' long-term strategy and execution. This capital will be used to accelerate the company's energy storage ...
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    Emobi secures $3.4 million seed funding to expand JustPlug EV charging solution
    Emobi, one of North America's largest providers of electric vehicle charging roaming and JustPlug infrastructure, has announced the completion of a $3.4 million seed funding round led by Florida Funders. Other contributors include Aves Ventures, Collaborative Fund, Gaingels, Gener8tor, Goodwater Capital, Oasis Capital, OneSixOne Ventures, Ride Wave Ventures and Y Combinator. This new capital will help Emobi expand its technical infrastructure and promote the proliferation of its JustPlug solu...
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    Posco Future M invests in Factorial to strengthen all-solid-state battery market presence
    Posco Future M has invested in the US-based battery-cell maker Factorial to enhance its presence in the all-solid-state battery market. The South Korean battery-materials maker finalized its investment on Jan. 26 following an agreement signed on Jan. 7. Previously, the two companies entered into a cooperation agreement in November 2025 to jointly work on developing all-solid-state batteries. Posco Future M aims to leverage this investment to capitalize on rapid market growth, while Factorial ...
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    Hyundai Steel's affiliate plans $2.9 billion capital increase for US plant
    Hyundai Steel has announced that its affiliate Hyundai-Posco Louisiana LLC plans to undertake a capital increase of $2.9 billion for facilities investment in a US steel plant, Reuters reported the South Korean steelmaker as saying in a regulatory filing on Jan. 26. The development follows an earlier announcement by Hyundai Steel and its parent company, Hyundai Motor Group (HMG), of plans to establish a steel plant in Louisiana, US, with a projected annual capacity of 2.7 million metric tons. ...
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    Kim Long and BYD partner to set up a $130 million battery plant in Vietnam
    Vietnamese vehicle manufacturer Kim Long Motor has announced a partnership with leading Chinese battery-maker BYD to develop a $130 million battery plant to produce batteries for commercial electric vehicles in central Vietnam. According to the agreement, Kim Long Motor will be responsible for the facility's construction, while BYD will provide extensive technical and technological support. The planned battery plant will cover 4.4 hectares and have an initial production capacity of 3 GWh ...
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    PlusAI and Traton expand partnership for autonomous trucking solutions in US and Europe
    PlusAI and the Traton Group have announced an expansion of their global partnership to enhance the development and deployment of autonomous trucking solutions in the US and Europe. This announcement is linked to PlusAI's anticipated public listing through a business combination with Churchill Capital Corp IX. Traton has committed up to $25 million in non-dilutive research and development funding to PlusAI for integrating PlusAI's SuperDrive into Traton's autonomous trucks. Additionally, Tra...
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    Motherson Group expands operations in Hungary with €95.4 million investment
    Samvardhana Motherson International Ltd., an India-based automotive supplier also known as Motherson Group, is expanding its operations in Hungary through several investments, including a research and development program and the establishment of a regional services center. The company’s €54 million R&D project focuses on AI-based sensors and advanced visual systems integrated into rearview mirrors. The investment is set to create 55 new jobs for automotive product development professi...
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