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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...
    Insights
    Toyota to join Daimler Truck and Volvo Group as equal shareholders in Cellcentric
    Daimler Truck AG, the Volvo Group, Cellcentric and Toyota Motor Corp. have signed a nonbinding agreement to cooperate in the fuel-cell system joint venture Cellcentric, the three companies said in a joint announcement on March 31. The three automakers intend to collaborate based on an equal shareholding with Toyota as the third JV partner to Cellcentric. The partnership aims to develop, produce and commercialize fuel-cell systems for heavy-duty vehicles and other heavy-duty applications wi...
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    Avanci Vehicle signs new 4G and 5G licensing deals with mainland Chinese automakers
    Patents licensing platform Avanci Vehicle has announced that seven automakers headquartered in mainland China have concluded a total of 10 license agreements across its 4G Vehicle and 5G Vehicle licensing programs. The company said that these agreements demonstrate continued momentum in an important and fast-growing segment of the global automotive industry and described this development as an important step forward, with additional announcements expected in the coming months. Laurie Fit...
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    DENSO adopts new mid-term management plan CORE 2030, targeting sales of $50 billion, operating margin of over 10%
    On March 31, 2026, DENSO Corp.'s board of directors approved a new mid-term management plan, called CORE 2030, covering the fiscal years 2026/27 through 2030/31. Under the new management plan, the Japan-based leading automotive supplier aims to achieve sales of over ¥8 trillion, an operating profit margin exceeding 10%, and a return on equity (ROE) exceeding 11%. For the financial year ended March 31, 2026, DENSO is expecting sales of ¥7.4 trillion, an operating profit margin of 7.2%, and an R...
    News
    Nissan recalls new LEAF in Japan over high-voltage battery safety risk
    On March 27, Nissan issued a recall in Japan for the new LEAF due to a high-voltage battery issue. In a statement, the automaker said the recall was due to improperly manufactured electrode plates used in the battery cells, which could cause fragments to adhere to the modules. If the battery is repeatedly charged, it can short-circuit, triggering a malfunction warning or, in the worst-case scenario, overheating or even catching fire. Only one fire has been reported, involv...
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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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    Valeo launches new electric powertrain manufacturing line in Pune, India
    Valeo has inaugurated a new state-of-the-art manufacturing line dedicated to electric powertrain systems at its Pune, India, plant in the presence of Velusamy R, president, Automotive Business, Mahindra and Mahindra Ltd.; and Xavier Dupont, Valeo Power Division CEO. Valeo has been selected by Mahindra to provide the electric powertrain for its new Born Electric platform. The Pune facility features highly advanced manufacturing capabilities to produce the 3-in-1 electric axle (e-axle), inte...
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    Weride and Uber launch fully driverless Level 4 robo-taxis in Dubai
    WeRide and Uber Technologies have launched fully driverless robo-taxi fare-charging operations in Dubai, the United Arab Emirates, as part of the first batch of Level 4 robo-taxis to enter commercial service in the city. The launch marks a milestone in the companies' expanding autonomous vehicle partnership and supports Dubai's objective for 25% of journeys to be autonomous by 2030. Public commercial operations began without a vehicle operator onboard along routes in Jumeirah and Umm Suq...
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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 ...
    News
    Hyundai Motor Group and SK On name US battery JV Hyundai SK Battery Manufacturing America
    Hyundai Motor Group and SK On have officially named their US battery joint venture Hyundai SK Battery Manufacturing America, abbreviated as HSBMA. The announcement was made in a LinkedIn post by Hyundai-SK America Green Power Energy, which had been the JV's provisional name, stating that the finalized name is HSBMA. The JV, unveiled April 25, 2023, is owned equally by Hyundai Motor Group and SK On, with each holding a 50% stake. The facility in Bartow County, Georgia, is more than 90% co...
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    General Motors extends Factory ZERO EV plant shutdown amid weaker demand and layoffs
    General Motors (GM) is idling its Detroit electric vehicle plant, known as Factory ZERO, until April 13, extending downtime that began on March 16. A GM spokesperson said Factory ZERO will temporarily adjust production to align EV production with market demand, and the temporary layoff affects 1,300 workers. The plant produces vehicles, including the Chevrolet Silverado EV and Hummer EV, and has experienced choppy production over the last year as GM confronts waning demand for battery-powered...
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    NewVolt, ARENA invest in building electric truck charging infrastructure in Australia
    NewVolt has confirmed it is building Stage 1 of the NewVolt Network, a three-hub, open-access fast-charging network for electric trucks serving Melbourne's major freight precincts. The announcement coincided with the Australian Renewable Energy Agency (ARENA) formally announcing A$25.3 million in co-funding for the project in Canberra, which NewVolt said is already being put to work. Australia's road freight industry runs almost entirely on imported diesel, costing the economy about $30 billi...
    News
    Kia commences production of all-electric EV2 in Europe
    South Korean carmaker Kia has begun production of the EV2, its second fully electric vehicle to be assembled in Europe, marking another step in Kia's electrification strategy for the region. The B-segment sport utility vehicle is being assembled at Kia Slovakia following a modernization program on the production lines that was completed in 2025. Soohang Chang, president and CEO at Kia Europe, said the start of production for the EV2 continues to verify the company's technical cap...
    News
    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 ...
    News
    Adoption of semisolid batteries expand to light trucks in mainland China
    The adoption of semisolid-state batteries in mainland China is extending from passenger cars to commercial vehicles, specifically the light truck sector, thanks to CALB's newly launched solid-liquid hybrid battery, which powers Chery Automobile's light trucks. The development is described as one of the first large-scale applications of semisolid-state battery technology in light commercial vehicles (LCVs), broadening its commercial use. According to the report, CALB's semisolid...
    News
    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...
    News
    Geotab launches hardware-free, native telematics solution for Hyundai in Europe
    Geotab has announced the launch of its integrated solution for Hyundai vehicles across Europe, using original equipment manufacturer-embedded telematics already built into supported Hyundai models to transmit data directly to the MyGeotab platform. This removes the need for retrofitting additional hardware and eliminates aftermarket equipment and installation expenses, providing a cost advantage for fleets. The collaboration enables fleets to manage their Hyundai vehicles, including internal ...
    News
    Harman International announces major R&D and production expansion projects in Hungary
    Harman International is launching three projects with the support of the Hungarian Investment Promotion Agency (HIPA). The total value of the investment is €131.18 million, and it will create 25 new high-value-added jobs in research and development. As part of the expansion, Harman's Budapest, Hungary, R&D center will focus on software and hardware development supporting autonomous vehicle functions. In Székesfehérvár, Hungary, the company will carry out experimental development rela...
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    Schaeffler develops centralized electrical/electronic architecture for software-defined vehicles
    Schaeffler has detailed its software-defined vehicle (SDV) and electrical/electronic (E/E) architecture development ahead of the 13th Schaeffler Automotive Symposium, which is scheduled for June in Bühl, Germany. The supplier is highlighting its Vehicle Control technology cluster as a central element of its SDV approach, emphasizing centralized architectures that reduce the number of control units and shorten development timelines across vehicle generations. The Vehicle Control cluster encom...
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    Hyundai and Kia seek new vendors after fire at key engine valve supplier’s plant in South Korea
    Hyundai Motor and Kia Corp. are seeking alternative suppliers due to concerns over potential supply disruptions following a fire at a key auto parts supplier. A large-scale fire broke out on March 20 at Anjeon Industry in Daejeon, about 140 kilometers south of Seoul, South Korea, leaving 14 people dead and 60 others injured and halting parts supplies to its customers. The automakers source engine valves from the supplier, a critical component that regulates the intake of air and fuel into eng...
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    Stellantis production disrupted by dispute with chassis module supplier ZF over payments
    A payment dispute between Stellantis ZF Chassis Modules (Windsor) has halted production at Stellantis' Toluca plant in Mexico for over two weeks and is threatening the automaker’s operations in Canada, CBT News reported March 27, citing a lawsuit filed by the Germany-based supplier in Michigan, US. Stellantis said the Toluca facility, which produces the Jeep Compass and Cherokee sport utility vehicle, has been shut down since March 14 after the supplier stopped shipping suspension modules a...
    News
    SK Signet launches 400-kW all-in-one ultrafast EV charger
    SK Signet, a South Korea-based manufacturer of high-power electric vehicle charging solutions, has introduced its new 400-kilowatt all-in-one ultrafast EV charger. This model enhances energy and space efficiency using high-density silicon carbide (SiC)-based power modules and a high-efficiency power design. The company aims to solidify its technological leadership in North America and strengthen its presence in the rapidly growing US ultrafast EV charging market. Driven by increasing dem...
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    Battery recycling startup Tozero launches industrial demonstration plant in Germany
    Tozero, a leading battery recycling startup in Germany, has launched its first industrial demonstration plant, which is capable of recycling end-of-life batteries into domestic supplies of lithium, graphite and a nickel-cobalt mix at scale in Germany for the first time, the company announced March 27. The newly opened facility, which is located in Bavaria at Chemical Park Gendorf, was established in a record six months and can process more than 1,500 metric tons of battery waste per year. The...
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    Jaguar Land Rover temporarily halts production at Solihull plant due to supplier constraints
    Jaguar Land Rover (JLR), owned by Tata Motors, has temporarily halted production on certain vehicle lines at its Solihull manufacturing facility in the UK due to a supply constraint from an unnamed supplier. The company, in a regulatory filing by Tata Motors Passenger Vehicles Ltd., did not specify the duration of the production pause but assured that the disruption is short-term and limited in scope. Efforts are underway to resolve the issue swiftly with the supplier to minimize impacts on c...
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    Tata Power installs ultra-fast EV charging station on Mumbai–Ahmedabad highway
    Tata Power has installed a 180 kW ultra-fast EV charging station on the Mumbai–Ahmedabad highway at Vithal Kamat Restaurant in Durves, Manor, along NH-48. This installation offers electric vehicle users travelling between Mumbai and Ahmedabad a faster and more convenient charging option, enhancing the ease and efficiency of long-distance journeys. The charger is part of Tata Power's EZ Charge network, supporting CCS 2 fast-charging compatibility, allowing it to work with various electric vehic...
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    CLEPA survey shows automotive suppliers face higher profitability challenges in 2026
    Nearly one in four automotive suppliers in Europe expects to report losses in 2026, the European Association of Automotive Suppliers (CLEPA) reported in its Spring 2026 Pulse Check survey. According to the survey, 76% of automotive suppliers anticipate profitability below the sustainable level of 5%, a slight decline from the 70% noted in the previous survey in autumn 2025. Additionally, the percentage of suppliers expecting negative profitability has risen to 24%, up from 15%.  To manag...
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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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    EnerSys restructures manufacturing operations, closing Mexico plant to expand US capacity
    EnerSys, a global company specializing in stored energy solutions, has announced a strategic restructuring of its manufacturing operations to enhance operational efficiency. The company plans to close its legacy lead-acid battery manufacturing facility in Tijuana, Mexico, transitioning most of its production to its proprietary advanced Thin Plate Pure Lead (TPPL) plant located in Springfield, Missouri. This move is aimed at leveraging investments to expand capacity within its US manufacturing ne...
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    Sony Honda Mobility halts Afeela EV development amid Honda’s strategy shift
    Sony Honda Mobility, a joint venture between Sony and Honda, has decided to halt the development of its Afeela electric vehicles following Honda's decision to reduce its EV plans. Honda's recent strategy shift includes a substantial writedown of up to ¥2.5 trillion (about $15.7 billion), leading to its first annual loss in over 70 years. This move comes amid diminishing support for EVs in the US and lower-than-expected demand in Europe, which has also impacted other automakers such as Ford a...
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    Momenta submits IPO application to Hong Kong Stock Exchange for $14 billion valuation
    Momenta has confidentially submitted its IPO application to the Hong Kong Stock Exchange, aiming for a valuation above $14 billion by 2026. The company is in the process of meeting the necessary regulatory requirements, including obtaining clearance from the China Securities Regulatory Commission's international department.  Momenta specializes in advanced autonomous driving solutions and has deployed its technology in nearly 700,000 vehicles across more than 170 models. Its systems have...
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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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    Polestar scales battery circularity with 50% recycled cobalt
    Polestar has advanced its strategy for battery circularity, with the Polestar 2 and Polestar 3 models now incorporating at least 50% recycled cobalt in their batteries. This effort is part of a broader initiative to reduce the dependency on virgin materials, enhance value chain transparency and promote sustainable resource usage. Polestar's strategy on circularity of critical materials not only focuses on sourcing materials but also on extending battery life and value during the vehicle's usa...
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    Google to open-source Android Automotive OS for software-defined vehicles
    Google is committed to supporting the automotive industry not only as a technology provider but also as a partner in its transformation. It emphasizes the importance of choice, flexibility and open platforms. For over 10 years, Google has offered Android Automotive OS (AAOS) as an open platform for infotainment to foster innovation in the digital vehicle experience. As vehicles evolve, new challenges have arisen, such as fragmented software across components and limited update capabilities....
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    General Motors begins highway testing of eyes-off self-driving system
    General Motors' (GM) next-generation automated technology, which has been trained on millions of real-world miles and thoroughly tested in simulated scenarios, begins supervised public-road testing on highways across California, US, and Michigan, US. The testing will involve over 200 manual and supervised development vehicles operating in live traffic environments, each with a trained test driver at the wheel to take manual control if needed. This phase marks an important transition from manual ...
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    Zoox expands robo-taxi service to San Francisco and Las Vegas
    Zoox announced that it will expand its robo-taxi service in San Francisco and Las Vegas, and begin testing its purpose-built robo-taxis in Austin and Miami. This move represents Zoox's most extensive effort to date in the US autonomous ride-hailing market. Alphabet's Waymo currently leads the robo-taxi market, while Tesla has the financial capability and manufacturing scale to expand its limited service in Austin, and plans to increase its presence across the US in 2026. Zoox plans to signifi...
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    Porsche eyes EV growth, to launch 10 new models in South Korea
    Porsche has announced plans to launch over 10 new models in South Korea in 2026, beginning with the East Asian debut of the Cayenne Electric, as part of its strategy to enhance its presence in the high-performance electric vehicle market. At a press conference in Seoul, South Korea, Porsche Korea CEO Mathias Busse highlighted the introduction of the Cayenne Electric, the South Korea-exclusive Panamera Red Exclusive, and the new 911 Turbo S and Macan GTS. He emphasized the importance of bringi...
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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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    Tensor showcases Level 4 autonomous vehicle at European AV Summit in UK
    Tensor, a Silicon Valley-based company specializing in agentic and physical AI, introduced the Tensor Robocar to the UK at the 5th annual European AV Summit. The company showcased its Level 4 autonomous vehicle designed for personal ownership. Building upon its global launch announcement in August 2025, the showcase emphasized Tensor's advancements in safety, sensing, AI and user experience, including a foldable steering wheel developed in collaboration with Autoliv. Tensor's strategy focuses...
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    Samsung SDI CEO focuses on partnerships with Stellantis and GM amid strategic shifts
    Samsung SDI CEO Choi Joo-sun has reaffirmed the company's strong partnerships with Stellantis and General Motors (GM) while addressing strategic shifts toward more cost-competitive products and expanding energy storage systems. During a shareholders meeting in Gangnam, South Korea, Choi discussed speculation about Stellantis potentially withdrawing from their joint venture, stating it was exploring various options. Choi mentioned a strategic move at the Indiana, US, battery plant due to the slow...
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    Leapmotor launches its first R&D facility in Germany
    Mainland Chinese automaker Leapmotor has inaugurated its first overseas innovation center in Munich. The newly opened research and development facility is aimed at overseeing the design iterations and conceptual development of future electric vehicle models. This facility signifies Leapmotor's strategic shift from exporting products to exporting design. Positioned in Schwabing-Freimann, a cultural hub in northern Munich, the center constitutes part of Leapmotor's global design network, which ...
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    Nio plans to commence internal testing of its fifth-generation battery-swap stations soon
    Nio Inc is set to introduce its fifth-generation battery swap stations that are expected to support all three of its brands, following a redesign that caused a delay in the original timeline. The company plans to start internal testing in late March, which will include support for vehicles from the Firefly sub-brand. Between May and June, Nio intends to establish five to ten pioneer battery swap stations for trial operations, with a mass rollout scheduled for July and August. This rollout is ...
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    Stellantis expands Tesla Supercharger access for BEV customers in North America
    Stellantis has significantly expanded the fast-charging coverage for its battery-electric vehicle (BEV) customers across North America. Stellantis BEV customers now have access to over 27,500 Tesla Supercharger locations using the Free2move Charge app and a Free2move Charge North American Charging System (NACS)-CCS1 DC adapter. This expansion enables easier long-distance travel and everyday charging for owners of Dodge, Jeep®, Ram, FIAT and Maserati BEVs. This development is a significant mi...
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    TotalEnergies adds 200 charging points in Camden, UK
    French energy company TotalEnergies has installed about 200 new electric vehicle charging points across 80 sites in Camden, UK, according to a Transport Energy news report published on March 18. The company has installed 170 new charge points, including 18 rapid charge points capable of delivering up to 100 kW of peak power. According to TotalEnergies, these newly installed EV chargers will be powered entirely by electricity generated from renewable energy sources. With the new installatio...
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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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    Eve Energy builds first prototypes of two new all-solid-state batteries in mainland China
    Eve Energy has successfully produced two new all-solid-state batteries named Longquan No. 3 and Longquan No. 4, marking a significant advancement in next-generation battery technology. These batteries were officially rolled out on March 17 at the company's facility in Chengdu, Sichuan province, in mainland China. The Longquan No. 3 is designed for consumer electronics, capable of operating in low-pressure environments below 2 megapascals (MPa) with high volumetric energy density. Meanwh...
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    Ionity opens two new EV charging sites in Scotland
    Ionity, a leading high-powered charging (HPC) network, has opened two new electric vehicle charging sites in the Scottish Highlands. The sites are situated near Fort William, close to Ben Nevis (Northwestern Scotland, UK), and in Inshes, Inverness. The Fort William site represents Ionity's 12th location in Scotland, following the opening of its 11th site in Inverness two weeks prior. This expansion aligns with the Scottish government's plans to develop high-powered EV infrastructure...
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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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    Ionna expands EV charging network with automaker-backed loyalty programs and benefits
    Ionna, a high-speed charging network backed by eight automakers — BMW, General Motors, Honda, Hyundai, Kia, Mercedes-Benz, Stellantis and Toyota — has opened 100 charging sites over a year and has 340 more in its pipeline. Currently operating just under 1,000 charging bays and with 3,700 more such charging facilities planned, Ionna has also launched new benefits for electric vehicle buyers from its funding automakers, such as a 10% discount for General Motors EVs on charging sessions. ...
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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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    General Motors and LG Energy Solution shift Tennessee plant to produce energy storage batteries
    General Motors (GM) and LG Energy Solution are converting an electric vehicle battery plant in Tennessee, US, to produce batteries for energy storage systems. This transition is through their joint venture, Ultium Cells, which will recall 700 previously laid-off workers to begin lithium iron phosphate battery production in the second quarter. The layoffs, which affected workers in Tennessee and Ohio, were initially due to reduced EV sales, impacting operations until mid-2026. The shift toward...
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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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    BYD plans to roll out 1,500-kW flash chargers in Europe
    Leading mainland Chinese automaker BYD plans to introduce its first set of flash-charging stations outside of mainland China. These new-generation flash chargers are capable of providing up to 1,500 kilowatts to a single electric vehicle. The installation of these high-power charging stations is slated to begin in the coming weeks with the launch of the updated Denza Z9GT model in Europe. The said EV model will debut in Paris on April 8. The BYD Denza Z9GT is powered by the company's ...
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    Faurecia Clarion Electronics relocates global headquarters to Japan
    Faurecia Clarion Electronics (FCE), a business group of French automotive supplier Forvia, has established its new global headquarters in Saitama, Japan, with effect from March 17, 2025. In late 2024, FCE relocated its headquarters to Shanghai. This move involves relocating key decision-makers from its current offices in Japan and France, aligned with the registered legal entities. The relocation aims to meet regulatory requirements, strengthen its market presence in Japan and Asia, and advan...
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    VinFast extends free EV charging in Asian markets to boost EV adoption
    VinFast, the Vietnamese electric vehicle manufacturer, has announced the extension of its free EV charging program in India, Indonesia and the Philippines until March 31, 2029. This initiative aims to promote the adoption of EVs in these markets. The extended policy allows all VinFast EV owners in the three countries to charge their vehicles at no cost using the infrastructure provided by V-Green. This benefit is available to both new and existing customers, and also applies to driv...
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    Honda scraps development of three EV models slated for production in North America
    Honda Motor Co. Ltd. has scrapped three planned electric vehicle models in North America as part of a reassessment of its electrification strategy due to the recent changes brought by the evolving policy landscape in the US.  This decision will lead to expected losses in the company's consolidated financial results for the fiscal year ending March 2026. The cancellation follows a strategic shift toward EVs, initially driven by a commitment to achieve carbon neutrality by 2050 and aligned...
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    Mercedes-Benz denies report of new EV platform development with Geely
    Mercedes-Benz is reportedly planning the development of a new global compact electric vehicle platform utilizing Geely's electronic and electrical architecture, although Mercedes-Benz later denied this report as fabricated and untrue. According to a mainland Chinese media outlet, the new platform, codenamed Phoenix, will be based on Geely's GEEA (Geely Electronic & Electrical Architecture) 4.0 platform, with the development focus shifting to mainland China. The Mercedes-Benz China R&D...
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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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    CATL's revenue grows 17% YOY to 423.7 billion yuan in 2025
    CATL released its 2025 Annual Report on March 10, 2026, highlighting strong financial performance and strategic growth. The company reported revenue of 423.7 billion yuan (approximately $60.5 billion), an increase of 17% from the previous year, with a net profit of 72.2 billion yuan, up 42%. CATL's lithium-ion battery sales rose to 661 gigawatt-hours in 2025. The company's research and development investment in 2025 totaled 22.1 billion yuan, contributing to a decade-long cumulative R&am...
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    Nio expands globally amid rising costs and chip shortages
    Nio plans to sell thousands of its cars overseas in 2026 and aims to expand its international presence over the next two to three years, according to President Qin Lihong. This announcement followed the automaker's first-ever quarterly net profit and a forecast to break even for the full year in 2026. CEO William Li noted that costs have risen partly due to a memory chip shortage, estimating an increase of up to 10,000 yuan (about $1,455) per vehicle. Despite this, Li stated the company wil...
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    Ion Storage Systems receives customer qualification for its solid-state battery technology
    Ion Storage Systems Inc. has announced that its Cornerstone Cells have achieved successful customer qualification for their performance, marking a significant milestone as the first US solid-state battery technology company to reach this achievement. The company plans to start production at its Maryland, US, facility and anticipates expansion as production increases. According to Jorge Diaz Schneider, CEO of Ion Storage Systems, this achievement highlights the company's progress in overc...
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    Milepost AB expands charging network with Sundsvall Energi acquisition in Sweden
    Milepost AB, an independent electric vehicle charging operator in Sweden, announced the acquisition of additional charging stations from Sundsvall Energi. This follows a previous acquisition in September 2025, where Milepost took over more than 50 charge points in the Sundsvall region. The latest acquisition involves nearly 50 additional charge points, which are part of the Ladda i Mittstråket initiative. This initiative focuses on establishing charging infrastructure along the E14 route fro...
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    Enel completes installation of over 3,700 fast-charging points across Italy
    Enel has completed the installation of 3,730 fast-charging points across five regions and 21 provinces in Italy as part of the first call for proposals of the Italian National Recovery and Resilience Plan (PNRR). These stations are situated in Campania, Lazio, Lombardy, Puglia and Sicily, with notable installations in Naples, Milan, Bari, Catania and Rome. To commemorate this achievement, a charging station was inaugurated at the Ministry of Environment and Energy Security in Rome, with key f...
    News
    Renault launches futuREady plan for sustainable growth and technological advancement
    Renault Group has launched a new strategic plan called futuREady, aiming to transition from the success of the Renaulution plan into a sustainable and global success system. The plan focuses on maintaining growth and establishing Renault as the reference European carmaker through product innovation, customer experience and technological advancement. Under futuREady, Renault Group is focusing on four strategic pillars: growth, technology, operational excellence and stakeholder trust. The Group...
    Briefing
    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...
    News
    Tesla opens first Megacharger station in California for Semi electric trucks
    Tesla has inaugurated its first Megacharger station in Ontario, California, to cater to the customers of its Semi electric truck. The move is part of its initiative to establish a reliable charging network for electric trucks. This development follows Tesla's increased production of the Semi electric trucks at its Nevada, US, factory and plans to deploy 66 Megacharger locations across the US. The Ontario location at 4265 E Guasti Road is located strategically near major freight corridors a...
    News
    Octopus Energy launches its popular Plunge Pricing scheme in France in partnership with Powerdot
    Octopus Energy's Electroverse, Europe's largest electric vehicle charging network, is launching its Plunge Pricing scheme in France in collaboration with Powerdot, the largest French public charging operator (CPO). The initiative offers significant discounts of up to 50% on public charging when renewable energy production is high, enabling savings of approximately €5 per session. This rollout is an extension of Octopus Energy's innovation in the UK, where similar savings have been accrued s...
    News
    Volkswagen Group commissions its first large-scale battery storage facility in Salzgitter
    Volkswagen Group has expanded its business model to include stationary energy infrastructure with the completion of its first large-scale battery storage system in Salzgitter, Germany. Developed by the Group's energy subsidiary, Elli, the facility has a 20-megawatt output and a 40-megawatt-hour storage capacity, marking Elli's entry into the energy storage and trading markets. Performance tests for trading on the European Power Exchange (EPEX SPOT) are underway. This project is a...
    News
    BYD plans to continue producing its first-generation Blade battery
    BYD announced that it will continue to produce its first-generation Blade battery alongside the newly launched ultrafast-charging version. Li Yunfei, general manager of BYD's Branding and Public Relations division, explained that this strategy is intended to offer customers more choices, as reported by local media Sina Tech. The company officially launched its second-generation blade battery and flash-charging technology on March 5, which can charge a battery from 10% to 97% in just nine m...
    News
    Mercedes-Benz Korea fined for misleading EV battery information
    Mercedes-Benz Korea has been fined 12.23 billion won (about $7.64 million) by South Korea's Fair Trade Commission (FTC) for misleading customers regarding battery information in some electric vehicles, according to a March 10 report by The Korea Times. The FTC's investigation revealed that the carmaker did not disclose the actual battery supplier for certain models, such as the EQE and EQS EVs, and instead promoted these vehicles as having batteries from CATL, the world's largest battery-ma...
    News
    JEC World 2026: Valeo showcases lightweight, sustainable automotive solutions
    Valeo is showcasing its advancements in lightweighting and material innovation at JEC World 2026, being held this week (March 10–12) in Paris. The company is displaying automotive components that integrate post-consumer recycled plastics or bio-based materials, as well as structural components made of high-performance organosheet composite solutions. The lightweight organosheet solutions reduce vehicle weight and CO₂ emissions, while composite materials enhance manufacturing efficiency by in...
    News
    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...
    News
    SQM projects 25% rise in global lithium demand amid EV growth
    Lithium producer SQM anticipates a 25% increase in global lithium demand in 2026, primarily driven by electric vehicles and energy storage systems. SQM foresees rising lithium prices as the industry recovers from a global surplus. The company's joint venture with Codelco, Nova Andino Litio SpA, aims for a 30% production increase at the Atacama operations in Chile to capitalize on increasing lithium consumption. SQM, which experienced record sales volume and revenue surpassing expectations, ex...
    News
    SK On lays off 968 workers at Georgia plant amid EV sales slowdown
    SK On Co., a prominent South Korean battery manufacturer, has laid off nearly 1,000 workers at its US battery plant located in Commerce, Georgia. The layoffs, which involve 968 employees, were revealed in a Worker Adjustment and Retraining Notification (WARN) notice posted on a Georgia state website. These dismissals account for approximately 37% of the plant's total workforce of about 2,500 employees. The workforce reduction is part of SK Battery America Inc.'s restructuring efforts in respo...
    News
    Mobilisights rebrands as Mobilisights Connect, launches fleet telematics software and data solutions
    Mobilisights has announced its rebranding to Mobilisights Connect, marking its development into the Stellantis business-to-business connected services business. This rebrand includes an expansion into offering software solutions, specifically fleet telematics software and data solutions. These new offerings are designed to assist fleet managers in enhancing vehicle support, reducing the total cost of fleet vehicle ownership, and improving fleet management experience. Stellantis fleet custom...
    News
    Momenta files for Hong Kong IPO with CICC and Deutsche Bank support
    Momenta, a company specializing in autonomous driving technology, has confidentially filed for an IPO in Hong Kong, Pandaily cited individual sources familiar with the situation. The company is working closely with China International Capital Corp. (CICC) and Deutsche Bank to facilitate its listing, while also engaging in discussions with potential investors to assess market interest. The IPO is anticipated to potentially raise at least $1 billion, though the final amount is still undetermi...
    News
    Aptiv to spin off Electrical Distribution Systems business as new company Versigent
    Aptiv announced the spinoff of its Electrical Distribution Systems business into a new publicly traded company, Versigent. The record date for this spinoff is set for the close of trading on March 17, 2026, with the distribution occurring before market open on April 1, 2026. Aptiv shareholders on the record date will receive one ordinary share of Versigent for every three ordinary shares they hold, with cash provided for any fractional shares. Versigent is expected to be authorized for listin...
    News
    Volkswagen starts pre-series production of autonomous ID. Buzz at Hanover facility
    Volkswagen Commercial Vehicles has commenced pre-series production of its autonomous electric minivan, the ID. Buzz AD, at its Hanover, Germany, facility. These initial vehicles are designated for testing and pilot projects in Europe and the US. The plan is to produce approximately 500 vehicles by 2026, with full-scale series production anticipated to start in 2027. The development of the autonomous ID. Buzz involves collaboration with subsidiary Moia and technology partner Mobileye. This mod...
    News
    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...
    News
    Nio sets up new unit to drive R&D on solid-state battery technology
    Shanghai-based electric-car maker Nio Inc. continues to develop its presence in the power battery sector, advancing efforts that had faced setbacks a few years ago. The Anting town government in Shanghai's Jiading district recently signed a cooperation agreement with Nio to establish its new battery research and development base in Jiading, Shanghai. Nio's global headquarters and R&D team are based in Jiading, while its manufacturing plants are in Hefei, Anhui province. Nio already has ve...
    News
    Nidec grapples with accounting scandal, facing $1.6 billion impairment charges
    Japanese manufacturer of precision motors Nidec is facing potential impairment charges amounting to ¥250 billion ($1.6 billion) as it deals with the aftermath of an accounting scandal. This scandal has prompted a leadership exodus and reportedly triggered an investigation by Japan's Securities and Exchange Surveillance Commission. The company has indicated that additional charges could affect its historical financial results, as third-party investigators have identified at least 1,000 instances...
    News
    Wingtech seeks $8 billion compensation over Nexperia control – report
    The Chinese owner of Dutch semiconductor company Nexperia, Wingtech Technology Co., is reportedly seeking $8 billion in compensation if it is unable to gain control of Nexperia, according to a report published by Automotive News on March 3. This follows international tensions affecting global chip supplies and disrupting automotive production. Wingtech plans to press the claim under an investment protection treaty between China and the Netherlands, a move disclosed by Wingtech Chairman Yang Mo d...
    News
    TotalEnergies considers selling its German EV charging business amid industry shifts
    TotalEnergies, the French oil major, is considering selling its charging station business in Germany, as reported by The Pioneer. This development was highlighted in a sales prospectus provided by consulting firm Roland Berger. TotalEnergies operates nearly 80,000 electric vehicle charge points across Europe but is shifting toward a partnership model due to slower-than-expected electrification progress within the industry. Recently, TotalEnergies has formed EV charging partnerships with La Ba...
    News
    Waymo expands autonomous ride-hailing service to Dallas, Houston, San Antonio and Orlando
    Waymo has launched its fully autonomous ride-hailing service in four new cities: Dallas, Houston, San Antonio and Orlando, marking its first simultaneous opening to the public in multiple locations. This expansion brings its total commercial service areas to 10 metro regions, enhancing its presence in Texas and Florida. Select users from these cities who downloaded the Waymo app will be invited for initial rides, as Waymo scales operations prior to a broader public launch planned for later ...
    News
    Pony.ai achieves Gen-7 robo-taxi unit economics breakeven in Shenzhen
    Pony.ai has announced achieving breakeven on its seventh-generation robo-taxi unit economics in Shenzhen, mainland China. The company attributes this success to increased user demand and enhanced operational efficiency, resulting in significant commercial operations in Shenzhen. By Feb. 28, Pony.ai reported a one-month daily average net revenue of 338 yuan (about $49.11) per Gen-7 robo-taxi, with an average of 23 daily orders per vehicle, showcasing effective monetization strategies and str...
    News
    Toyota Motor increases offer for Toyota Industries to resolve dispute with activist fund Elliott Investment Management
    Toyota Motor has raised its offer price to acquire Toyota Industries Corp. (TICO) to ¥20,600 ($132) per share, valuing the bid at $30 billion, according to a Reuters report on March 2. The revision marks the resolution of a protracted negotiation with activist fund Elliott Investment Management, which had advocated for a higher price, deeming previous offers inadequate. Elliott has agreed to tender its shares under the new terms, acknowledging the improved offer as a positive outcome for min...
    News
    Aptiv reports FY 2025 revenue at $20 billion, rises 3% YOY
    Aptiv has reported its 2025 financial performance, highlighting a 3% increase in full-year revenue to $20.4 billion. The company reported full-year 2025 net income under generally accepted accounting principles of $165 million. GAAP operating income was $1,184 million, compared to $1,842 million in the prior year. For the full year of 2025, Aptiv recorded a net income of $165 million, including a $648 million noncash goodwill impairment charge. This resulted in diluted earnings per share of $...
    Briefing
    Lyten completes acquisition of Northvolt’s Swedish battery assets
    Lyten, a US-based emerging battery company, has completed the acquisition of Northvolt Ett and Ett Expansion (Skellefteå, Sweden) and Northvolt Labs (Västerås, Sweden), the company announced Feb. 27. According to Lyten, the acquisition of Swedish battery assets of Northvolt includes 16 GWh of existing battery manufacturing capacity, over 160 hectares of land, infrastructure and buildings to support expanded manufacturing and industrial activities, and the largest and most advanced battery ...
    News
    JTEKT signs basic agreement to transfer European automotive OEM business to LEO III.-VV25-A GmbH
    JTEKT Corp. has reached a basic agreement to transfer its European automotive business for original equipment manufacturers to Germany-based investment vehicle, LEO III.-VV25-A GmbH, an entity advised by DUBAG Investment Advisory GmbH. This agreement involves transferring the operations of the Japanese supplier’s loss-making European OEM business, including all shares of its seven consolidated subsidiaries engaged in the manufacture and sale of automotive components. As outlined in JTEKT's ...
    News
    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 ...
    News
    SKF names future stand-alone automotive company SKF Vertevo
    SKF has named its Automotive business SKF Vertevo, as it prepares to become a stand-alone company. This marks a key milestone in the Sweden-based company’s plan to create two independent, focused businesses with a goal to accelerate growth and deliver long-term value for customers and shareholders. “The name SKF Vertevo highlights our heritage and combines two powerful ideas: vertere, Latin for 'to turn' or 'to transform', and evo, short for 'evolution'. Together, they express movement, p...
    News
    Austrian charge point operator SMATRICS EnBW opens new EV charging hubs in Northern Italy
    Austrian charge point operator (CPO) SMATRICS EnBW has inaugurated two new EV charging parks in northern Italy.  The Trezzo sull'Adda site is located on the A4 Turin-Trieste motorway, bypassing the greater Milan area and Lake Garda. At the same time, the Gruaro location is at the junction of the A4 Turin-Trieste and A28 Portogruaro-Conegliano motorways. According to the company, these new installations are strategically positioned to serve commuter and tourist traffic between Austri...
    News
    Capital Market Day 2026: Forvia unveils IGNITE strategic road map, targets sales of €21 billion-€22 billion in 2028, an operating margin of at least 7%
    Forvia unveiled its new strategic road map, IGNITE, at the 2026 Capital Markets Day. The road map, with the theme "Drive what matters and unlock what is next," will be implemented in two key phases: Focus & Strengthen between 2025 and 2028, followed by Lead & Grow. The strategic road map aims to sharpen Forvia's profile, reduce complexity and increase financial flexibility to promote growth and sustained cash flow generation. “IGNITE marks the start of a new strategic chapter for Fo...
    Briefing
    Polestar rolls out car-controlled smart charging to reduce total cost of ownership for EV owners
    Swedish premium electric-car maker Polestar is advancing its efforts to reduce the total cost of ownership (TCO) for its customers by introducing grid rewards and smart charging in key European markets as part of the Polestar Energy offer. As Europe's energy system is evolving, the importance of home charging for grid stability continues to take center stage. Polestar is addressing this by expanding grid rewards and introducing car-controlled smart charging, enabling drivers to charge th...
    News
    Pure Lithium secures Japan patent for lithium metal technology and battery production
    Pure Lithium Corp., a company focusing on lithium-metal battery technology, has received a patent in Japan for its vertically integrated lithium-metal production and battery production. This follows previous patent approvals in the US and the Kingdom of Saudi Arabia. The patented technology involves manufacturing pure lithium metal anodes alongside lithium-metal batteries, resulting in high-purity lithium metal anodes that enhance battery performance. This integration reduces costs by capturi...
    News
    Torc Robotics expands autonomous truck testing to Michigan's public roads using Daimler chassis
    Torc Robotics has announced the expansion of its autonomous truck testing operations to public roads in Michigan, US. This expansion utilizes the latest-generation Daimler Truck autonomous chassis based on the Freightliner Cascadia. Torc has previously established testing operations in Dallas-Fort Worth and Blacksburg, and the expansion in Michigan marks further growth in the region. The company is deepening its engineering presence and broadening testing capabilities with this move. Testing ...
    News
    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, ...
    News
    Aptiv’s Electrical Distribution Systems business to become Versigent after tax-free, spinoff on April 1
    Aptiv has announced that its Electrical Distribution Systems (EDS) business will be known as Versigent, following a tax-free spinoff planned for April 1. Versigent, expected to trade on the NYSE under the ticker symbol VGNT, will be led by Joseph Liotine as CEO. Liotine has been with Aptiv since 2024, serving as executive vice president and president of the EDS business. Doug Ostermann has been named CFO. Ostermann, who has extensive experience in the automotive and industrial sectors, recent...
    News
    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...
    News
    Volvo Cars recalls over 40,000 EX30 SUVs due to battery overheating risks
    Volvo Cars is set to recall over 40,000 EX30 electric sport utility vehicles due to risks of battery pack overheating, an action that could potentially affect its reputation for safety and incur substantial costs. The recall involves replacing modules in the high-voltage battery packs of the affected models, which include the EX30 Single-Motor Extended Range and Twin-Motor Performance cars. The Swedish automaker, majorly owned by mainland China's Geely, is addressing this safety issue in its ...
    News
    BMW plans transition from Level 3 to Level 2 automated driving system in 7 Series
    BMW plans to discontinue the Level 3 eyes-off automated driving system in its 7 Series with a model update scheduled for the end of April. The updated 7 Series will feature a newly developed Level 2 driver assistance system from BMW's Neue Klasse technology platform, already being introduced in the iX3 and set for broader application across future models. The current Level 3 system, known as Personal Pilot L3, allows conditional automated driving, but BMW cites cost and limited real-world applic...
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