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    The evolving landscape of automotive startups
    The automotive industry is undergoing a profound transformation driven by rapid technological advancements. At the forefront of this evolution are mobility startups, which are pioneering innovations across domains such as software-defined vehicles (SDVs), autonomous driving and battery technologies. S&P Global Mobility recently published the "AutoTechInsight Mobility Startups Report - H1 2025," highlighting the major trends in the automotive startup ecosystem, by analyzing data from appro...
    Insights
    Ford’s bold bid for the next big thing
    How cars are built and the concept of the moving assembly line are culturally ingrained in the automotive industry. Every now and again, the automotive industry goes through phases of trying to do things differently. Ford is the latest in a long line of automakers to try and innovate. Electrification, the rise of Tesla, the often best-in-class levels set by mainland Chinese original equipment manufacturers for digital vehicle attributes, and ever-increasing and accelerating new vehicle prices...
    Insights
    Antolin expands in Southeast Asia with new plants in Thailand and Indonesia
    Automotive interior supplier Antolin is expanding its presence in Southeast Asia by opening two new manufacturing plants in Thailand and Indonesia. The expansion is part of the Spain-based supplier’s strategy for geographic diversification, optimizing its industrial footprint and supporting electric mobility. The new facility in Thailand is strategically located to serve global original equipment manufacturers, focusing on electrification projects in markets such as Vietnam, Malaysia and Indon...
    News
    Borealis invests over €100 million in Austrian polypropylene compounding facilities
    Borealis is committing over €100 million to enhance its polypropylene (PP) compounding facilities in Schwechat, Austria. The new production line is slated to commence operations in the latter half of 2026, increasing the supply of advanced PP compounds predominantly used in consumer products, mobility and infrastructure applications. This investment is part of Borealis' We4Customers strategy, designed to assist customers in achieving their performance and sustainability goals. The expansion...
    News
    Tesla plans to establish European development center in Berlin, Germany
    Tesla is establishing a new European development center in Berlin, Germany, according to a report by web portal electrive on Sept 4. The new center will focus on material research as well as vehicle and driver development. Tesla’s executive Lars Moravy announced that the electric car company plans to renovate an old factory complex covering approximately 20,000 square metres in the southeastern district of Köpenick. This site, located between the city center and the Brandenburg plant in Gr...
    News
    Ashok Leyland plans to invest in manufacturing batteries, partners with China’s CALB Group
    Ashok Leyland, a leading Indian commercial vehicle manufacturer and part of the Hinduja Group, has announced plans to invest in the development and manufacture of next-generation batteries for both automotive and non-automotive applications, including energy storage systems. As part of this initiative, Ashok Leyland has formed a long-term exclusive partnership with the CALB Group, a leading battery technology company from mainland China. The agreement was signed by Ashok Leyland's Managing Di...
    News
    Somerset Council in the UK secures £3.78 million to expand EV charging infrastructure
    Plans to introduce on-street electric vehicle charge points and expand Somerset, UK's EV charging network are expected to progress significantly as the Somerset Council has received £3,783,000 in fresh funding from the UK government's Local Electric Vehicle Infrastructure (LEVI) Fund. This funding will support the installation of charge points in both urban and rural areas throughout Somerset, addressing the needs of the 27% of properties that lack off-street parking. The council is in the p...
    News
    Toyota to invest €680M at its Czech plant to produce a new BEV, build a new battery assembly facility
    Prime Minister of the Czech Republic Petr Fiala, Minister of Industry and Trade Lukáš Vlček, and Toyota Motor Europe President Yoshihiro Nakata announced the production of a new battery-electric vehicle (BEV) at Toyota Motor Manufacturing Czech Republic (TMMCZ), according to a Sept. 3 press release. This marks a significant milestone as it is the first BEV to be produced in one of Toyota's European plants. The TMMCZ plant in Kolin will be expanded from 152,000 square meters to 173,000 s...
    News
    Astemo invests $95 million in new regional headquarters in Michigan, US
    Astemo Americas, a subsidiary of Japan-based automotive supplier Astemo Ltd., has announced a $95 million investment to establish a new regional headquarters complex in Wixom, Michigan. This development aims to address the growing software demands linked to advancements in autonomous driving and electrification within the automotive industry. Astemo plans to enhance its competitiveness in software-defined vehicle (SDV) technologies in both the US and Japan. The new headquarters is set to...
    News
    Noon Energy raises $28M to advance flow battery technology and expand operations
    Noon Energy secured $28 million in funding, marking a significant milestone for the company focused on energy storage solutions. The Series A funding round, which closed on Dec. 14, 2022, saw participation from notable investors such as OSTI and Xplorer Capital. This financial boost is expected to accelerate Noon Energy's growth, expand its operations and address the increasing demand for reliable energy storage solutions. Prior to this round, the company had raised a total of $31 million. Th...
    News
    Vemo secures $250 million investment from Vision Ridge for EV expansion in Mexico
    Vemo, a company focused on clean mobility in Mexico, has announced a $250 million investment commitment led by Vision Ridge Partners to enhance its expansion. The funding will be utilized to bolster Vemo's public charging infrastructure and electric vehicle deployment across Mexico. Additionally, the investment will support the development of Vemo's tech-enabled EV fleet management solutions. Vemo operates a comprehensive clean mobility platform integrating EVs, charging infrastructure a...
    News
    Offgrid Energy Labs secures $15M for zincgel battery commercialization
    Battery technology startup Offgrid Energy Labs secured $15 million in a funding round led by Archean Chemical Industries Ltd., alongside existing investor Ankur Capital. The Noida-based startup intends to use these funds to establish a pilot manufacturing facility in the UK within the next year, enhance its research and development capabilities, and commercialize its zincgel batteries. Co-founder Rishi Srivastava mentioned plans to set up a manufacturing facility in India following the UK's comm...
    News
    BMW i Ventures invests in US-based startup Rive to enhance digital experiences
    BMW i Ventures, the corporate venture capital arm of the BMW Group, has announced an investment in Rive, a Silicon Valley, US-based company known for redefining the process of designing and delivering user interfaces (UI) for various applications, including in vehicles. BMW i Ventures joins other investors such as Andreessen Horowitz, Two Sigma and Duolingo, the mobile learning platform that already utilizes Rive to enhance real-time, interactive experiences. Rive's platform enables desi...
    News
    Ashok Leyland partners with CALB for domestic EV battery production in India
    Ashok Leyland, India's third-largest commercial vehicle manufacturer, announced its plan to invest more than 50 billion rupees (about $571.4 million) in domestic electric vehicle battery production. This investment will be distributed over the next 7 to 10 years. The company aims to supply the batteries to its EV unit, Switch, as well as to other automakers and for energy storage purposes. Ashok Leyland will also be partnering with mainland China's CALB, a globally recognized EV battery manuf...
    News
    Finnish government takes controlling stake in Valmet Automotive; acquires CATL’s stake
    Valmet Automotive has announced several strategic decisions that will significantly impact its future growth. The Finland-based auto parts supplier and contract vehicle manufacturer plans to offer its expertise beyond the automotive industry. The company expects its special expertise in industrial serial production will benefit other sectors, including the defense sector. Valmet has also decided to divest Ioncor, its subsidiary focused on developing battery systems for hyb...
    Briefing
    Nexen Tire introduces first high-dynamic driving simulator in Korean tire industry
    Nexen Tire has established a High Dynamic Driving Simulator at its research institute, The Nexen UniverCity, in Seoul, South Korea, to advance tire research and development using virtual reality (VR) and AI technologies. The company claimed it is the first tiremaker to introduce a High Dynamic Driving Simulator in South Korea. The simulator creates a virtual environment that mimics real-world driving conditions, enabling the testing of various performance metrics such as acceleratio...
    News
    Valeo opens new China production facility for ADAS sensors
    Valeo has officially inaugurated a new manufacturing facility in Waigang Industrial Park, Jiading District, Shanghai. This development is a strategic move by Valeo to bolster its presence in the mainland Chinese market and support the advancement of autonomous vehicle technologies. The new plant, covering an area of 30,000 square meters, focuses on the research, development and production of domain controllers and advanced driving assistance systems. This facility is particularly significan...
    News
    Oway secures $4 million in funding to enhance AI ride-share freight platform
    Oway, a startup based in San Francisco, has secured $4 million in a seed funding round to bolster its AI-enabled ride-share freight platform designed to cut less-than-truckload (LTL) freight costs by up to 50%. The funding was supported by notable investors such as Y Combinator, General Catalyst, Wayfinder Ventures, Phosphor Capital and Soma Capital. Founded in 2023 by Phillip Nadjafov, Oway operates in seven US states with over 1,000 customers and a network of 10,000 active vehicles. The compan...
    News
    Aurrigo secures £1 million grants to advance new autonomous transport innovations in UK
    As reported in a press release on Aug. 26, Aurrigo has received £1 million in funding from the Connected and Automated Mobility (CAM) Pathfinder — Enhancements program and Innovate UK's Launchpad program for the initiation of four new projects. The Pathfinder program is backed by the Centre for Connected and Autonomous Vehicles, a joint unit between the Department for Business and Trade and the Department for Transport, working in partnership with Innovate UK and Zenzic. Starting this summ...
    News
    Canada invests C$22.7 million to expand EV charging infrastructure in British Columbia
    The Canadian government is allocating nearly C$22.7 million to expand electric vehicle charging infrastructure in British Columbia. This funding will support eight projects across the province, resulting in the installation of over 480 new EV chargers. Federal Infrastructure Minister Gregor Robertson announced this expansion in Victoria, British Columbia, highlighting that the chargers will be situated in high-demand areas, busy highway corridors, main travel routes, public spaces, workp...
    News
    GlobalFoundries secures CHIPS Act funding without equity deals amid US government stakes in companies
    GlobalFoundries said that its funding under the CHIPS Act remains secure and does not involve any equity arrangements, following the US government's recent acquisition of a 10% equity stake in Intel, according to a report published by Reuters on Aug. 27. At the Deutsche Bank Technology Conference, John Hollister, the company's CFO, confirmed that it is receiving government funding as per its milestone achievements.  The government's stake in Intel came with a deal involving NVIDIA and AM...
    News
    Li Auto advances M100 chip to 2026 mass production
    Li Auto has developed its in-house autonomous driving chip, the M100, which demonstrates effective computing power comparable to two NVIDIA Thor-U chips for large language model tasks. The M100 has successfully completed prototype production and has undergone functional and performance testing, showing promising results in stress tests. It is expected to enter mass production and be integrated into vehicles in 2026. Until then, Li Auto will continue to depend on NVIDIA and Horizon Robotics. T...
    News
    Continental to divest ContiTech Original Equipment Solutions business to Regent
    Continental announced that it has signed an agreement to sell its ContiTech business area, Original Equipment Solutions (OESL), to global investment firm Regent. The transaction remains subject to antitrust approval. Financial terms were not disclosed. The divestiture is part of the ContiTech group sector’s strategy to sharpen its focus on industrial customers, a direction first outlined at Continental’s Capital Market Day in June. With this step, Continental is advancing its plan to esta...
    News
    MAHLE begins production of e-compressors at Morristown facility in Tennessee
    German automotive supplier MAHLE is initiating the production of electrical high-voltage air-conditioning compressors, known as e-compressors, in the US. This new production will take place at its Morristown, Tennessee, location, where nearly 50 new employees will be hired to manufacture these state-of-the-art products for the North American market. E-compressors play a crucial role in the thermal management of electric vehicles, essential for maintaining battery life, high charging spee...
    News
    Astemo plans to build a new production line for inverters for EVs at its Bolton plant, UK
    Astemo UK Ltd., a wholly owned subsidiary of Astemo Ltd., is set to establish a new production line for inverters for next-generation electric vehicles at its Bolton plant in Greater Manchester, Northern England. Scheduled to begin production in April 2027, this initiative is supported by the UK government's Automotive Transformation Fund (ATF) and aims to bolster Astemo UK's electrification business. The investment, exceeding £100 million, is poised to create approximately 220 jobs and secu...
    News
    Hyundai to invest $26 billion in the US between 2025–2028
    South Korean automaker Hyundai Motor Group has announced plans to increase its investment in the US to $26 billion between 2025 and 2028. This investment marks an addition of $5 billion to the previously announced $21 billion in March 2025. The fund aims to bolster strategic initiatives in the automotive, steel and robotics industries within the US market. As part of this expanded commitment, a new steel mill is planned in Louisiana to support US industries such as automotive manufacturi...
    News
    Japanese automaker Suzuki to invest $8 billion in India, rolls out first locally produced EVs
    Japan's Suzuki Motor plans to invest 700 billion rupees (about $8 billion) in India over the next five to six years. This investment coincides with the commencement of Suzuki's first electric vehicle production in the subcontinent. Through its majority stake in Maruti Suzuki, the Japanese automaker already manufactures 17 models in India for export to about 100 countries, including Japan. India will now serve as the global production hub for Suzuki's electric cars. Following the investment...
    News
    SAIC-owned MG brand plans to roll out 13 new EVs in two years
    MG, the passenger car brand originally from Britain but now owned by China's leading automaker SAIC, plans to launch 13 new electric vehicles globally over the next two years. The brand plans to invest 10 billion yuan (about $1.4 billion) into developing new-energy vehicles (NEVs), which will include a range of battery-electric cars, range extenders and plug-in hybrids. MG, which was acquired by SAIC in 2005, is recognized more for its international sales than domestic, after having sold 1...
    News
    Huawei unveils 100-MW heavy-duty truck supercharging station in mainland China
    The Sichuan Yuanqi Xingguang Heavy-Duty Truck Megawatt Supercharging Station, one of the world's first 100-MW class heavy-duty truck supercharging facilities, has begun operations in Beichuan Qiang Autonomous County, Mianyang City, Sichuan Province, in mainland China. Developed by Sichuan Yuanqi Xingguang Digital Energy Technology Co. Ltd. at a cost of 150 million yuan (about $20.86 million), the newly inaugurated electric vehicle charging hub utilizes Huawei's Megawatt Supercharging tec...
    News
    Lumotive secures $14 million in investments from Amazon and ITHCA Group
    Lumotive has secured an additional $14 million in investments from Amazon and the ITHCA Group of Oman, adding to its previous Series B funding round of $45 million in February, which valued the company at $200 million. This funding supports Lumotive's advancement in solid-state, programmable light management technologies using its proprietary Light Control Metasurface (LCM) technology. This technology facilitates programmable 3D perception crucial for lidar applications and free-space laser...
    News
    Macquarie Asset Management raises $405 million for fleet electrification solutions platform Vertelo
    Macquarie Asset Management has raised $405 million for Vertelo, a fleet electrification solutions platform in India, with contributions from investors including Green Climate Fund (GCF), Macquarie Green Energy Transition Solutions Fund, Allianz Global Investors and Australian Ethical. Of the total amount, $205 million comes from institutional investors, while the remaining $200 million is concessional capital from the GCF, the anchor investor. This partnership, blending commercial and develop...
    News
    Cove Hill Partners leads strategic investment in Swiftly with support from JMI Equity
    Swiftly announced that Cove Hill Partners will lead a strategic investment in the company, with continued support from JMI Equity. The company's leadership, including Jonathan Simkin, co-founder and CEO, will remain in place. This investment aims to accelerate Swiftly's product development and enhance its standing in the global market for transit agencies and operators. Swiftly's platform is utilized by over 190 transit agencies across 12 countries, including more than half of the largest 25 US ...
    News
    HCMF inaugurates new sunroof plant in Mexico
    HCMF, a Taiwan-based supplier, inaugurated a new plant in Ramos Arizpe, Coahuila, Mexico, with an investment exceeding $16 million, MexicoNow reported Aug. 15. The new plant will produce sunroofs and sliding roofs for vehicles. It is expected to create over 300 direct jobs. With this new facility, HCMF becomes part of the industrial corridor in southeastern Coahuila, a significant hub for automotive and auto parts manufacturing in Mexico. This will reinforce the state's prominent export statu...
    News
    Group14 Technologies raises $436 million in Series D funding round
    Group14 Technologies has secured a $463 million funding round, led by SK Inc., with participation from Porsche Investments, ATL, OMERS, Decarbonization Partners, Lightrock Climate Impact Fund and Microsoft Climate Innovation Fund, among others. The funding is aimed at scaling the production of Group14's silicon battery material, SCC55, in the US and South Korea to meet increasing global demand for energy storage. Additionally, Group14 has gained full ownership of its joint venture with SK ...
    News
    Nuro secures $203 million in Series E funding, plans expansion with NVIDIA partnership
    In a press release on Aug. 21, Nuro announced the closing of a $203 million Series E funding round, bringing its valuation to $6 billion. This funding round included companies such as Uber, Baillie Gifford, Icehouse Ventures, Kindred Ventures, NVIDIA and Pledge Ventures. This follows an earlier tranche of $106 million announced in April, which involved investors such as T. Rowe Price Associates Inc., Fidelity Management & Research Co., Tiger Global Management, Greylock Partners and...
    News
    Indian battery-maker Amara Raja to invest additional 2 billion rupees in lithium-ion cell project
    Amara Raja Energy and Mobility Ltd. plans to invest an additional 12 billion rupees (approximately $137 million) in its lithium-ion (Li-ion) cell manufacturing project, bringing the total investment for a 1-GWh capacity plant to 24 billion rupees by the financial year 2027. The company aims to start production by the end of the financial year 2027 at its plant in Telangana, India, through its New Energy Business unit, Amara Raja Advanced Technologies. The plant will initially produce cells ...
    News
    Rebellions advances pre-IPO fundraising fueled by strong investor interest
    Rebellions, a domestic AI semiconductor company, is advancing its large-scale pre-IPO fundraising efforts, driven by strong investment interest from both international and local investors. Investors are optimistic about Rebellions' stable revenue growth and its high likelihood of listing in 2026. As of Aug. 18, venture industry sources indicate that Rebellions aims to secure an investment of about 200 billion won (about $148 million) by October, before the Korea holiday Chuseok. The fundraising ...
    News
    Xpeng secures $1.4 billion credit line from China CITIC Bank
    China CITIC Bank Guangzhou Branch has agreed to provide electric vehicle manufacturer Xpeng with a substantial credit facility totaling 10 billion yuan (approximately $1.4 billion). This financial support is intended to bolster Xpeng's operations and fuel its business growth. The announcement follows a strategic cooperation agreement signed by Brain Gu, vice chairman and co-president of Xpeng, and Xue Fengqing, president of China CITIC Bank Guangzhou Branch. Xpeng emphasized the importance ...
    News
    Arnold Clark opens 50 EV charging hubs across dealership network in UK
    Arnold Clark has launched 50 electric vehicle charging hubs throughout its dealership network, with additional hubs planned to launch by the end of 2025, in the UK. These EV chargers can be reserved through the Arnold Clark Charge app, providing drivers with guaranteed availability. Payment options include the app itself or charging cards from Allstar business solutions, Octopus Electroverse, Plugsurfing and Zap-Pay. Each location will host up to eight rapid chargers with charging spe...
    News
    Braunschweig University of Technology plans to open a dedicated R&D center for recycling of batteries and fuel cells
    The Braunschweig University of Technology in Germany has announced its plan to launch a Center for Circular Production of Next Batteries and Fuel Cells (CPC) to accelerate research and development activities focused on innovative recycling processes for batteries and fuel cells.  The research facility, which is expected to be operational by 2027, will span 3,700 square meters and accommodate about 150 scientists working on circular production and recycling for batteries and fue...
    News
    EdgeCortix achieves initial close of Series B round, cumulating in nearly $100 million funding
    EdgeCortix Inc., a fabless semiconductor company focusing on energy-efficient AI processing at the edge, has announced the initial close of its Series B funding round, bringing its cumulative funding to nearly $100 million. This milestone denotes significant growth and the global expansion of the company. The Series B round featured investment from global players such as Yanmar Ventures, Pacific Bays Capital, NTT Finance Corp., SiC Power and Aero X Ventures, along with existing investors such as...
    News
    WeRide and Grab partner to deploy autonomous vehicles in Southeast Asia by 2026
    WeRide, a company noted for its work in autonomous driving technology, has announced a strategic equity investment from Grab, a prominent super app in Southeast Asia. This investment marks the beginning of a collaboration aimed at accelerating the deployment and commercialization of Level 4 robo-taxis and shuttles in the region. The partnership seeks to integrate WeRide's autonomous vehicles into Grab's network, enhancing service and safety levels. This investment is expected to be finalize...
    News
    Pony.ai secures investment from ARK Invest and other investment management firms
    Recent corporate filings have disclosed that ARK Invest, a firm led by Cathie Wood, invested approximately $12.9 million in Pony.ai, a Chinese company specializing in Level 4 autonomous driving technology, in August. This marks ARK's first investment in a Chinese enterprise dedicated solely to this sector. Alongside ARK, Pony.ai drew interest from at least 14 major global institutional investors in the second quarter of 2025, including Baillie Gifford and Nikko Asset Management, both known for t...
    News
    Aptiv inaugurates new technical center in India for vehicle software and ADAS development
    Aptiv has commissioned a new technical center in Chennai, Tamil Nadu, India, to focus on developing software-defined vehicle (SDV) solutions for the Indian market, Autocar Professional reported Aug. 18. The new technical center is part of Aptiv’s planned $60 million investment, which also includes capacity expansion at its Chennai plant in 2024. The 34,000-square-foot facility will initially employ nearly 300 engineers, with plans to expand to over 500 by 2026, facilitat...
    News
    Gotion to start EV battery production in Manteno in September with five production lines
    Gotion is set to begin the production of electric vehicle batteries in Manteno, Illinois, in September, marking a significant milestone in its $2 billion project announced two years ago. The company initially launched the manufacturing of commercial-scale energy storage products in the spring with two assembly lines. With two additional lines for assembling EV batteries and commercial chargers, Gotion will operate five production lines in Manteno. This includes a line started in April for res...
    News
    Prague commissions installation of 1,500 publicly accessible EV charging stations
    The Prague City Council has approved a significant investment project to develop zero-emission urban mobility by installing up to 1,500 publicly accessible slow charging stations for electric vehicles throughout the city. The city plans to own these EV charging stations, which are aimed at supporting all residents, particularly those without home charging options, to transition to electromobility. First Deputy Mayor for Transport Zdeněk Hřib emphasized the importance of accessible p...
    News
    Scotland provides over £3 million to support EV charging infrastructure
    A coalition of local authorities in northwest Scotland has received over £3 million in funding to enhance public electric vehicle charging infrastructure. This funding, which is part of the Electric Vehicle Infrastructure Fund, aims to foster collaboration between the public and private sectors. The project is led by Highlands and Islands Transport Partnership (HITRANS) and involves the councils of Argyll and Bute, Orkney, Shetland and Comhairle nan Eilean Siar (Western Isles) to improve EV ...
    News
    ZF Lifetec opens new steering wheel production plant in Morocco
    On July 2, ZF Lifetec inaugurated a new manufacturing plant within the Tanger Med Industrial Platform in Morocco, dedicated to producing steering wheels. Spanning 8,000 square meters, this plant represents a significant milestone in ZF Lifetec's expansion efforts within the automotive industry, strategically positioned at the crossroads of Europe and Africa.  The plant has successfully initiated production and employs approximately 350 people, manufacturing steering wheels for ...
    News
    ZF Lifetec begins one-piece woven airbags at expanded facility in mainland China
    ZF Lifetec, a specialist in occupant safety systems in vehicles, has started the third phase of its Rizhao plant in the Rizhao Economic and Technological Development Zone, Shandong Province, mainland China. This new phase focuses on producing one-piece woven (OPW) airbags and is expected to fully scale production by 2027 with an annual capacity exceeding 5 million OPW airbags. This expansion aims to bolster the company's supply capabilities in the Asia-Pacific region and global markets. The g...
    News
    Harbinger raises $100 million to boost medium-duty electric truck production
    Harbinger, an electric vehicle company headquartered in California, US, has raised $100 million in a Series B funding round to boost the production of its medium-duty electric truck platform. Founded in 2021, Harbinger specializes in creating chassis for electric commercial and specialty vehicles. The company's designs prioritize energy efficiency, cost-effectiveness and safety. Its liquid-cooled battery system enhances performance and durability while reducing operational costs and improving sa...
    News
    Sailun Group signs agreement with TEDA Egypt for new greenfield tire plant in Egypt
    Sailun Group, a tire manufacturer based in mainland China, has signed an agreement with TEDA Egypt to invest $1 billion in a greenfield tire manufacturing plant in Egypt. The project will be developed in three phases on a 350,000-square-meter site within the Suez Canal Economic Zone (SCZONE), managed by TEDA Egypt. Construction is expected to be completed within three years. The first phase, planned for completion in 2026, will produce 3 million passenger car tires and 600...
    News
    Canada invests over C$25 million in projects to enhance zero-emission vehicle infrastructure
    Canada is advancing its transition to zero-emission vehicles (ZEVs) by investing more than C$25 million in 33 projects. These projects focus on enhancing electric vehicle charging access, decarbonizing freight transportation, and developing technologies for medium- and heavy-duty trucks. As part of this initiative, Natural Resources Canada (NRCan) has allocated over C$9.7 million to 23 projects under the Zero Emission Vehicle Infrastructure Program (ZEVIP) to install more than 850 EV cha...
    News
    Qualcomm to localize automotive module production in India, aiming to double revenue by 2029
    Qualcomm is shifting its automotive module production to India as part of a strategy to enhance local manufacturing and support its ecosystem partners. The company is collaborating with tier 1 suppliers to facilitate the relocation of its manufacturing operations to India, as reported by The Times of India on Aug. 12. Nakul Duggal, Qualcomm's group general manager for automotive, industrial and embedded internet of things, said that the company is actively working with its partners to lo...
    News
    Electrify America opens first Hyper-Fast EV charging station in Santa Monica
    Electrify America has inaugurated its first charging station in Santa Monica, California, to address the rising demand for Hyper-Fast electric vehicle charging in Southern California, US. The facility includes 20 Hyper-Fast chargers that can deliver speeds of up to 350 kW, allowing equipped EVs to gain approximately 20 miles of range per minute. This new station is part of Electrify America's extensive network, which is positioned near the I-10 freeway. Electrify America has established itsel...
    News
    Greenlane establishes second EV charging corridor between Southern California and Phoenix
    Greenlane has announced the establishment of its second commercial electric vehicle charging corridor, connecting Southern California to Phoenix via Interstate 10. This expansion builds on Greenlane's flagship location in Colton, California, and aims to support long-haul electric trucking on a major US shipping route. Windrose Technology, an electric truck original equipment manufacturer, validated the viability of long-haul electric trucking with successful single-charge journeys from Colton...
    News
    Ford announces $5 billion investment in Louisville and BlueOval Michigan for new EV production
    Ford Motor Co. has announced that it will be investing approximately $5 billion to create or secure nearly 4,000 jobs across its Louisville Assembly Plant and BlueOval Battery Park Michigan. The initiative aims to produce a new pickup and advanced prismatic lithium iron phosphate (LFP) batteries. Ford will invest nearly $2 billion in the Louisville Assembly Plant to assemble the midsize electric truck, securing 2,200 hourly jobs. The Louisville Assembly Plant will see a significant expansion&...
    Briefing
    Hyundai software unit 42dot to raise $360 million for AI mobility technology boost
    Hyundai Motor Group's software unit, 42dot, has announced plans to raise 500 billion won (about $360 million) through a rights offering. This move aims to enhance the company's global competitiveness in AI-based mobility technology. Hyundai Motor Co. and Kia will participate as strategic investors, following the conglomerate's three-year capital expansion plan approved in 2023. The additional capital will be allocated to advancing software-defined vehicles (SDVs), investing in agentic AI, graphi...
    News
    Apollo Tyres to launch new tire testing facility in Finland by December
    Indian tiremaker Apollo Tyres Ltd. announced plans to open a new outdoor tire testing facility in Ivalo, Finland, dedicated to assessing winter and all-season tires. The facility, being developed in partnership with UTAC, a global provider of automotive testing and certification services, is expected to become operational by December 2025. Situated within UTAC's proving grounds, the new facility will include specialized infrastructure and dedicated test tracks tailored for real-world winter a...
    News
    Blink Charging installs DC fast chargers along vital transportation route in California
    Blink Charging Co. has announced the installation of 10 180-kW dual-port DC fast chargers, providing 20 charging ports at a vital transportation location along State Route 111 near the US-Mexico border in Imperial County, California. These chargers are part of Blink's Right Charger, Right Place, Right Time strategy to expand public access to electric vehicle charging infrastructure. The installation is located at Imperial Center, a growing commercial and retail hub that serves as a crucial no...
    News
    Mainland China's CAIP to establish smart cockpit subsidiary in Spain
    Mainland China's Jiangsu Changshu Automotive Trim Group Co. (CAIP) has announced plans to establish a wholly owned subsidiary in Zaragoza, Spain, marking a significant step in its overseas expansion strategy. The new company — provisionally named CAIP (Spain) Smart Cockpit Co. Ltd. — will be created through a multitiered investment structure. The investment will be made via CAIP (Luxembourg) Co. Ltd., a wholly owned subsidiary of CAIP (Hong Kong) Co. Ltd., which is fully owned by CAIP. ...
    News
    KPIT Technologies invests in Helm.ai and boosts stake in N-Dream
    KPIT Technologies' board has given its approval for an investment of up to $10 million in Helm.ai through a SAFE Instrument in preferred stock. Helm.ai specializes in AI software for self-driving cars. This investment will be distributed in one or more tranches, contingent upon the company's satisfaction with synergy parameters. Helm.ai will not become a subsidiary of KPIT, and KPIT will not gain participative rights in Helm.ai. Additionally, KPIT's board updated details on the acquisition of...
    News
    Flagchip secures major funding to boost automotive chip technology and operations in China
    Chinese chip company Flagchip has completed a funding round worth hundreds of millions of yuan, as announced in a press release via its WeChat account on Aug. 6. The funding round received strong support from notable investors, including Xiaomi's investment arm Beijing Xiaomi Zhizao Equity Investment Fund Partnership, Hainan Jimu Venture Capital, and the Beijing Advanced Manufacturing and Intelligent Equipment Industry Investment Fund. The new capital is expected to strengthen Flagchip's positio...
    News
    All-new MG4 makes China debut with semisolid-state battery
    SAIC Motor has initiated presales for the new MG4, an updated compact electric hatchback, on Aug. 5 at the Hangzhou Grand Convention and Exhibition Centre. The starting price is 73,800 yuan (approximately $10,100), with four variants available immediately. An upcoming semisolid-state battery version is scheduled for pricing in September and deliveries by the end of 2025. Notably, the MG4 is among the first to feature semisolid-state batteries in mass production, enhancing safety and longevity by...
    News
    Nissan’s Sunderland plant in the UK unveils £1.4 million charging station for electric heavy vehicles
    Japanese carmaker Nissan has launched an electric truck charging station at its Sunderland Plant in the UK. This electric vehicle charging station is part of an initiative to establish an electric, end-to-end supply chain that will result in a reduction of 1,500 metric tons of CO2 emissions annually. The charging facility, which has been developed with an investment of about £1.4 million, includes seven charging stations capable of powering up to 10 electric heavy goods v...
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    Geyser batteries secures EU funding to advance sustainable battery technology
    Geyser Batteries, a deeptech startup based in Mikkeli, Finland, secured funding through the European Innovation Council (EIC) Accelerator program. This competitive EU program supports high-impact innovations with potential for scaling. The funding, which includes grants and equity components, will aid Geyser in completing product development, launching a pilot production line and undertaking large-scale trials in Finland and Spain. Known for its innovative, water-based battery technology, Geyser...
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    Mobec Innovation advances India's shift to sustainable EV solutions and battery recycling
    Harry Bajaj, the founder and CEO of Mobec Innovation Pvt. Ltd., based in Noida, India, is investing in various strategies to facilitate India's shift from internal combustion engine (ICE) vehicles to electric vehicles. Mobec describes itself as India's first comprehensive service provider of customizable mobile EV charging solutions and energy storage systems. The company is also involved in lithium-ion and EV battery recycling and refurbishment. In Noida, Mobec has developed processes to rec...
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    NorcSi secures funding to enhance European battery production with silicon anode technology
    German startup NorcSi has gained recognition in the European battery industry by developing technology to produce silicon anodes, which could lead to higher energy density and faster charging times for electric vehicles. The company recently raised €10.7 million from investors to fund the industrial-scale production of these anodes. Silicon offers significant advantages over graphite, being able to absorb up to 10 times more lithium ions due to its atomic structure, resulting in longer ranges ...
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    JSW Motors and KPIT Technologies partner for new-energy vehicle development in India
    JSW Motors and KPIT Technologies have announced a strategic partnership, focusing on the development of software and digital solutions for JSW Motors' new-energy vehicles portfolio. This collaboration aims to leverage KPIT Technologies' extensive expertise in software and systems development, showcasing its experience from over 2,000 global vehicle production programs, including software-defined vehicle programs. The partnership is intended to redefine the future of mobility in India, enhance cu...
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    BMW Group’s plant in Steyr commences series production of electric engines for Neue Klasse range
    The BMW Group Plant Steyr in Austria has commenced the series production of the electric engine for the Neue Klasse range of electric vehicles, marking a significant step for BMW's future. This production site in Austria is the first to produce the sixth-generation BMW eDrive (Gen6) electric engine, which is central to the Neue Klasse models. The e-engine production fulfills a promise made three years ago by BMW to enhance its production capabilities. Between the project's launch in 2022...
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    TNGECL to establish 500 EV charging stations across Tamil Nadu, India
    Tamil Nadu Green Energy Corp. Ltd. (TNGECL) plans to establish 500 electric vehicle charging stations throughout the Indian state of Tamil Nadu as part of efforts to promote EVs and reduce pollution in the state. Recently, TNGECL signed a memorandum of understanding with the Institute for Transportation and Development Policy (ITDP) for technical support. A team from TNGECL and ITDP visited New Delhi to study the city's EV model, focusing on its policies, infrastructure and strategies fo...
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    Freudenberg Sealing Technologies transitions New Hampshire site to e-mobility and hydrogen focus
    Freudenberg Sealing Technologies (FST) is undergoing a significant transformation at its Manchester, New Hampshire, site, transitioning from producing gaskets for combustion engines to focusing on e-mobility and hydrogen applications. This shift is supported by major investments and a funding initiative from the US Energy Department. The site will now prioritize manufacturing sealing solutions for battery housings and e-drive systems, necessitating the introduction of new semi- and fully-auto...
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    Mint Innovation leads UK lithium-ion recycling project with £8.1 million funding
    Mint Innovation, together with Jaguar Land Rover; LiBatt Recycling, a subsidiary of Recyclus Group; and WMG at the University of Warwick; has secured £8.1 million to boost a lithium-ion (Li-ion) battery project in the UK. The initiative aims to demonstrate Mint's low-carbon, hydrometallurgical black mass refining technology, which is designed to recover lithium, nickel and cobalt from recycled battery materials, fostering an onshore circular supply chain for electric vehicles. ...
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    Thailand revises EV incentive packages to boost EV production and exports
    Thailand's National Electric Vehicle Policy Committee (EV Board) has approved changes to the EV3 and EV3.5 incentive packages to promote the country as an export hub for battery-electric vehicles (BEVs). The revisions, proposed by the Federation of Thai Industries (FTI), include a rule where one vehicle produced for export counts as 1.5 vehicles, potentially boosting electric vehicle exports to approximately 12,500 units in 2025 and about 52,000 in 2026. Additionally, the EV Board has extende...
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    Utility Global and ArcelorMittal collaborate on clean hydrogen project in Brazil
    Utility Global, a US-based company specializing in clean hydrogen technology, and ArcelorMittal, a leading global steel producer, have announced a collaboration to explore a clean hydrogen project at ArcelorMittal's Juiz de Fora facility in Minas Gerais, Brazil. The project is in the front-end engineering and design (FEED) phase, examining the application of Utility's H2Gen system, which uses blast furnace off-gas to produce hydrogen from water. The H2Gen system, a patented technology by Utility...
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    Helios Climate and PIDG invest in SUN Mobility for Africa's largest battery-swapping network
    Helios Climate, in collaboration with the Private Infrastructure Development Group, has announced a significant investment in SUN Mobility, a company specializing in energy infrastructure and battery-swapping solutions for electric vehicles. This investment raises the total capital accrued by SUN Mobility in the past year to approximately $135 million. The capital will support the establishment of Africa's largest battery-swapping network and bolster the company's growth domestically. SUN Mob...
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    Exide to invest $11.5 million in wholly owned subsidiary EESL to fund Bangalore-based battery-cell plant
    Exide Industries Ltd. (EIL) has made a substantial investment of 1 billion rupees (about $11.5 million) in its fully owned subsidiary, Exide Energy Solutions Ltd. (EESL), through a rights issue. This latest investment increases EIL's total equity investment in EESL to 37 billion rupees while maintaining a 100% shareholding in the subsidiary. EESL, founded in March 2022, is leading Exide Industries' efforts in the lithium-ion battery segment by manufacturing and selling battery cells, modules ...
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    LG Innotek partners with Aeva to develop next-gen lidar technology
    LG Innotek has partnered with Aeva to strengthen its presence in the lidar market. On July 29, LG Innotek announced a strategic partnership with Aeva to supply and jointly develop next-generation lidar technology. Aeva, known for its 4D lidar based on frequency modulated continuous wave (FMCW) technology, is recognized in the autonomous driving market and counts major automakers, including Daimler Truck, among its clients. Through this partnership, LG Innotek and Aeva will collaborate on the ...
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    Rebellions seeks substantial funding to compete with NVIDIA in AI chip market
    South Korean AI chip startup Rebellions is preparing for a significant funding round, aiming to raise between $150 million and $200 million before pursuing a public listing. The company, which emerged from a merger with another South Korean startup called Sapeon in 2024, has positioned itself as a competitor to NVIDIA. Rebellions' efforts in this funding round are being supported by tech giant Samsung, which recently invested in the startup, although the specific amount was not disclosed. Sin...
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    4screen successfully closes $21 million Series B funding round, led by Bosch Ventures
    4screen, a Munich, Germany-based startup specializing in driver interaction platforms, has successfully closed its $21 million Series B funding round, led by Bosch Ventures and supported by NewRoad Capital Partners and Bayern Capital. The funding will help 4screen accelerate its global expansion as it scales its platform across new markets and product categories. 4screen has developed the world's first driver interaction platform that connects businesses with customers directly through car sc...
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    Cornwall Council to expand EV charging network with £5.5M funding
    Cornwall Council plans to enhance its electric vehicle charging network by installing up to 2,000 charge points starting 2026. The council secured £5.5 million from the Transport Department's Local Electric Vehicle Infrastructure (LEVI) Fund to expand the availability of charge points. These installations will provide lower power, cost-effective residential charging with slower speeds. Initially, charge points will be placed in council car parks, with additional on-street charging being intr...
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    Tesla announces $16.5 billion AI chip partnership with Samsung
    Tesla CEO Elon Musk announced that the company has entered into a $16.5 billion multiyear agreement with Samsung for AI chips, as reported in a Reuters article dated July 28. Musk indicated that this is just the initial cost of the deal. According to Musk, Samsung's new Texas, US, fabrication facility will be dedicated to producing Tesla's next-generation AI6 chip, which will be used for Tesla's humanoid robot Optimus, fully autonomous vehicles and AI datacenters. Musk emphasized the str...
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    Hy24 and Refire form strategic partnership to advance green hydrogen initiatives
    Hy24 and Shanghai Refire Co. Ltd. have entered into a memorandum of understanding for a strategic partnership aimed at advancing green hydrogen production and distribution, as well as hydrogen-electric power and mobility applications. This collaboration seeks to enhance industrial development and accelerate market deployment within Europe through a combination of Sino-European supply chains and processes. The partnership will leverage Hy24's investment strategies, global value chain approach,...
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    Milence opens ninth electric truck charging hub in Dunkirk, France
    Milence, a joint venture between Daimler Truck, Traton Group and Volvo Group, has opened its ninth electric truck charging hub in Dunkirk, France, on the North Sea-Rhine-Mediterranean corridor of the Trans-European Transport Network (TEN-T). This expansion is part of Milence's strategy to strengthen its presence in northern France and enhance connectivity between France and neighboring countries such as Belgium, the Netherlands and Germany. Milence has also begun developing its tenth hub...
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    ARENA allocates A$44.9M to Calix for zero-emissions steel technology demo plant
    The Australian Renewable Energy Agency (ARENA) has pledged A$44.9 million to support Calix in constructing a demonstration plant utilizing its Zero Emissions Steel Technology (ZESTY). This plant, powered by renewable electricity and hydrogen, aims to produce up to 30,000 metric tons of low-carbon hydrogen direct reduced iron (HDRI) and hot briquetted iron (HBI) annually, marking a significant step toward cleaner steel production. ZESTY incorporates Calix's proprietary Flash Calciner technolog...
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    India's electric mobility sector expands with battery-swapping infrastructure advancements
    India's electric mobility sector is evolving beyond vehicles to include the supporting infrastructure crucial for their operation. The surge in electric vehicle adoption, notably in two-wheelers and passenger cars, also highlights the need to address challenges related to range, charging times and infrastructure accessibility, especially for commercial electric fleets where charging delays can impact revenue. Seafund supports startups such as Swapp Design, a company innovating in the batter...
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    Bharatsure secures 60 million rupees funding and partners with Battery Smart for EV infrastructure coverage
    Insurtech startup Bharatsure has secured 60 million rupees (about $700,000) in funding from Inflection Point Ventures, along with other investors such as Capital A and Atrium Angels. Alongside this financial boost, Bharatsure has partnered with Battery Smart to introduce insurance coverage specifically for electric vehicle battery-swapping stations throughout India. This new insurance offering aims to safeguard these stations against natural disasters such as floods, fires and earthquakes, in ad...
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    BMW i Ventures invests in Estes Energy for advanced battery platform development
    BMW i Ventures has announced a colead investment in Estes Energy Solutions Inc., a materials and manufacturing innovator based in California, US. The $11 million seed round was coled with Fortescue Ventures and included participation from New Systems Ventures and DCVC. This funding brings Estes' total raised capital to $20 million and will support the completion of its chemistry-agnostic battery pack platform and the establishment of domestic manufacturing capabilities. The investme...
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    BP Pulse opens its largest EV charging hub near Los Angeles International Airport
    BP Pulse, the global electric vehicle charging infrastructure business of BP, has inaugurated its largest EV charging hub in the US, located two miles from Los Angeles International Airport (LAX). This site features 48 ultrafast EV charging bays equipped with 400-kW and 150-kW DC fast chargers compatible with both Combined Charging System (CCS) and North American Charging Standard (NACS) connectors. The facility will soon offer additional amenities such as a lounge, vending machines, restro...
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    Momenta invests in Zeron Truck, marking entry into China's electric heavy-duty truck sector
    Chinese smart driving startup Momenta has made an investment in Zeron Truck, a domestic electric heavy-duty truck startup, signaling its expansion into the truck sector. Zeron has completed its Series A financing round worth 500 million yuan (about $70 million), with Momenta as one of the three lead investors. This marks Momenta's first engagement in the truck industry, building on its existing presence as a supplier of assisted driving solutions in the passenger car sector in China. Zeron wa...
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    DENSO plans to invest $28.9 million in new motor generator plant in India
    DENSO Corp. will invest 2.5 billion rupees (about $28.9 million) to establish a motor generator manufacturing plant in Gautam Buddha Nagar, Uttar Pradesh, India. The new plant will produce components crucial for hybrid and electric vehicles, reflecting DENSO's dedication to sustainable mobility and clean technology. The announcement came after a strategic meeting between DENSO's leadership and a delegation from Uttar Pradesh, led by Principal Secretary of Infrastructure & Indust...
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    UK government invests £150 million in connected and automated mobility through 2030
    The UK government has announced an additional £150 million investment to advance the nation's Connected and Automated Mobility (CAM) industry through the CAM Pathfinder program, which will run until 2030. This initiative seeks to tackle the challenges related to bringing CAM vehicles to market by providing funding to projects in the UK that are developing pioneering technologies, products and services, ranging from cutting-edge software to smart transportation solutions. The program aim...
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    QuantumScape expands collaboration with PowerCo for solid-state battery commercialization
    QuantumScape Corp., a company specializing in solid-state lithium-metal battery technology, has announced an expansion of its collaboration and licensing arrangement with PowerCo SE, the battery company of the Volkswagen Group. Originally established in July 2024, this agreement aims to accelerate the commercialization of solid-state battery technology, particularly through the QSE-5 battery development pilot line in San Jose, California. PowerCo is set to provide up to $131 million in paymen...
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    WM Motor to resume production with Xiangfei Auto's support after liquidity crisis
    WM Motor, a Chinese electric vehicle startup established in 2015, is set to resume production in August with the support of its investor Xiangfei Auto. Information from a Chinese tech media outlet, MingJin Pro, published on July 14, indicated that WM Motor and Xiangfei Auto will restart mass production of the EX5 and E5 EV models at WM Motor's facility in Wenzhou, Zhejiang province. This decision follows a liquidity crisis that led to halted operations in the second half of 2022. Subsequently, a...
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    Stellantis consolidates manufacturing ecosystem in Morocco with €1.2 billion project
    Stellantis has inaugurated a new expanded manufacturing facility in Kenitra, Morocco, marking a significant step in the country's industrial advancement. Head of Government Aziz Akhannouch highlighted the project as part of Morocco's broader strategy to foster a competitive and integrated economy. The €1.2 billion investment, which includes €702 million for developing local suppliers, aims to double the plant's production capacity and achieve a 75% local integration rate by 2030...
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    Basquevolt secures €2.5 million grant for solid-state electrolyte innovation from EU council
    Basquevolt has been awarded a €2.5 million grant from the European Innovation Council's (EIC) Accelerator program, with potential equity investment up to €10 million in an upcoming fundraising round. The company received a perfect evaluation score of 9 out of 9 for its solid-state electrolyte technology, recognized for its innovation and alignment with the EU's battery value chain strategy. Out of 1,000 applicants, only 4% received funding, placing Basquevolt among a select few poised to sup...
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    Kazam plans IPO with a focus on expanding EV charging in India
    Electric vehicle charging platform Kazam plans to go public within the next three to five years, targeting revenue of 1 billion rupees (about $12 million) and break-even EBITDA by fiscal year 2025–26. According to Akshay Shekhar, co-founder and CEO, the company closed fiscal year 2024 with 480 million rupees in revenue and a 25% loss in EBITDA, resulting in a loss from approximately 100 million rupees to 120 million rupees. Supported by a recent $6.7 million raise from the World Bank Grou...
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    U Power inaugurates Southeast Asia's first smart battery-swapping station in Thailand
    U Power Ltd., a provider of AI-powered solutions for next-generation energy grids and intelligent transportation systems, has inaugurated Southeast Asia's first operational smart battery-swapping station in Phuket Island, Thailand. This development comes after the company's May delivery of the region's first battery-swapping compatible taxi fleet. The Thailand Station, a result of U Power's joint venture with Susco Public Co. Ltd., is the first fully operational 24/7 smart battery-swapping st...
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    Sunrise secures 1 billion yuan to advance AI chip development and market expansion
    Sunrise, a chip developer spun off from Chinese AI giant SenseTime, has secured 1 billion yuan (about $139 million) to accelerate product development, expand its market presence and grow its team with the aim of reducing AI inference costs. The Series A funding round saw participation from investors including Huaxu Capital, a subsidiary of Sany Group; AI unicorn 4Paradigm; and game developer Yoozoo Interactive; as announced by the Hangzhou-based company. Sunrise became an independen...
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    Adient to invest $8M in new seat assembly plant in US
    Automotive seat supplier Adient plans to invest $8 million to open a factory in Normal, Illinois, that will assemble components for Rivian. The new facility is expected to create 75 full-time jobs and is supported by the Illinois Department of Commerce and Economic Opportunity through its Reimagining Energy and Vehicles (REV) program, which encourages clean energy and advanced manufacturing. Adient will manufacture complete front and rear seat assemblies for Rivian, repurp...
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    Nexteer Automotive begins construction of new steering system plant in China
    US-based steering systems supplier Nexteer Automotive started the construction of its new smart manufacturing facility in Liuzhou, China. This investment is crucial for Nexteer as it reinforces its leadership position in the Asia-Pacific steering systems market and addresses the increasing demand from both domestic and global original equipment manufacturers. The new facility will enhance the production capacity and facilitate innovative supply chain integration. Nexteer aims to drive real-ti...
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    CEAT plans $52.2 million investment to expand Chennai tire plant capacity in India
    The board of directors of India-based tiremaker CEAT Ltd. has unanimously approved a capital expenditure of 4.5 billion rupees (about $52.2 million) for its Chennai plant in Tamil Nadu, India, Autocar Professional reported July 17. The investment will help the plant ramp up the production capacity of passenger car and utility vehicle (PCUV) tires by about 35%. The Indian tiremaker, part of the RPG Group, expects strong growth in demand for PCU...
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