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    2026 Automotive Supplier Outlook
    In the wake of another tumultuous year for the global automotive industry, this report provides unfiltered insights directly from the front lines. S&P Global Mobility’s Matthew Beecham engaged with 59 senior executives from across the automotive supply chain to capture their experiences and strategies. Now in its third year, this comprehensive end-of-year analysis outlines the operational and strategic challenges suppliers faced in 2025 and how they are preparing for 2026. The suppliers...
    2026 Automotive Analyst Outlook
    S&P Global Mobility’s 2026 Automotive Analyst Outlook presents a comprehensive collection of insights, reflections and forward-looking perspectives from our team of analysts. Drawing on a year marked by volatility, innovation and adaptation, our experts examine how the global automotive industry navigated the challenges and opportunities of 2025 — from supply chain disruptions and regulatory shifts to the evolving landscape of electrification, connectivity and consumer preferences. Throu...
    Kiwi Charge raises C$1.7 million investment in Ontario for developing autonomous EV charging
    Kiwi Charge, a robotics and AI startup, has launched a project to develop autonomous electric vehicle charging solutions, funded by a C$1.7 million investment. The government of Ontario, through the Ontario Vehicle Innovation Network (OVIN), along with General Motors Canada and Pfaff Automotive, supports this initiative. The investment includes a C$500,000 grant from the OVIN R&D Partnership Fund and C$1.2 million from industry partners. Kiwi Charge will showcase its autonomous charging r...
    ProLogium Technology begins construction of gigafactory in Dunkirk for battery production
    ProLogium Technology has initiated the construction of a gigafactory in Dunkirk, France, marking the company's first facility outside Taiwan. This site will focus on the mass production of solid-state lithium ceramic batteries, contributing to Europe's energy transition and strategic technological sovereignty. Supported by the French government, this facility aims to enhance France's industrial ecosystem and create jobs while supporting the decarbonization of the economy. French President Emm...
    Xpeng collaborates with Voltron to launch Indonesia's first ultrafast EV charging facility
    Xpeng has partnered with Indonesia's largest private charging point operator, Voltron, to introduce Indonesia's first ultrafast-charging facility with a capacity of up to 480 kW. This initiative aims to provide a faster and more efficient charging experience for Xpeng vehicle users, reflecting Xpeng's commitment to customer comfort by ensuring the readiness of supporting facilities. The ultrafast-charging system is designed to support the Xpeng G6 Pro, which can accommodate a charging power o...
    Prime Planet Energy & Solutions launches new subsidiary in North America
    Prime Planet Energy & Solutions Inc., based in Chuo-ku, Tokyo, and led by President Hiroaki Koda, has announced the formation of a new subsidiary in the US. The subsidiary aims to bolster the company's organizational framework and operational capabilities in the North American market. Previously, the company's operations were primarily based in Japan and mainland China. The new subsidiary will address the urgent need to advance technical support for customers in North America and for the ...
    E.ON secures tender to build fast-charging stations along Italy’s motorway corridors
    E.ON Drive Infrastructure Italy has been selected by Autostrade per l'Italia (ASPI) to establish an ultrafast-charging network for electric vehicles along Italy's main motorway corridors. This initiative aims to strengthen E.ON's commitment to expanding high-power charging infrastructure in Italy. The project involves installing 104 ultrafast-charging points at 18 service areas along key routes, including the A4 (Turin-Trieste) and A14 (Bologna-Taranto) motorways, with a completion target by ...
    ComEd launches $70 million EV rebate initiative in Northern Illinois for 2026
    ComEd has announced a $70 million initiative to provide electric vehicle rebates in 2026 to residential, business and community customers in Northern Illinois, US. This funding, introduced during the annual Chicago Auto Show, aims to lower the up-front costs associated with EV adoption and includes rebates for residential EV chargers, fleet vehicles and public and business charging infrastructures. ComEd's programs, derived from the Beneficial Electrification program approved by the Illi...
    Element3 begins lithium carbonate production in Texas, marking a domestic milestone
    Element3, a critical minerals company based in Fort Worth, Texas, has initiated lithium carbonate production in the Permian Basin, marking the first new domestic lithium mining project in the US in over 50 years. Located in Midland, Texas, the facility has a 3,000 metric tons per annum capacity and utilizes produced water from the Permian Basin, transforming oil and gas infrastructure into a critical mineral asset. This initiative supports the current US administration's goal to reduce reliance ...
    Mitra EV raises $27 million to scale capital efficient fleet electrification
    Mitra EV, a commercial fleet electrification platform, has secured $27 million in new funding. The newly raised funds consist of equity funding from lead investor Ultra Capital and a credit facility from S2G Investments. This funding will support Mitra EV's expansion as fleet operators increasingly demand cost-efficient electrification solutions amid tightening capital markets and a broader industry pullback from electric vehicles. Mitra EV provides a fully managed electrification model th...
    Karma Automotive and Factorial partner to launch solid-state battery production in the US
    Karma Automotive Inc. and Factorial Inc. have announced a partnership to launch the first solid-state battery production program in the US for passenger vehicles. This collaboration intends to incorporate Factorial's FEST solid-state battery technology into Karma's future vehicle platform, starting with the all-electric Karma Kaveya super coupe, which boasts over 1,000hp and a top speed exceeding 200 mph. The Kaveya is expected to be introduced to the US market by late 2027. The par...
    QuantumScape unveils new Eagle Line at San Jose facility for battery production
    QuantumScape Corp. announced the inauguration of its newly installed Eagle Line at its San Jose, California, facility. The event was attended by automotive original equipment manufacturer customers, ecosystem partners and government officials, and included a tour of the Eagle Line. The Eagle Line comprises equipment, materials and automated processes forming the production blueprint for QuantumScape's technology. It utilizes the Cobra process, a scalable method for producing the QuantumScape sep...
    TotalEnergies partners with Tikehau Capital to develop EV charging in Belgium and Netherlands
    TotalEnergies and Tikehau Capital have announced the establishment of a joint investment platform to advance the development of electric vehicle charging infrastructure in urban public spaces across Belgium and the Netherlands. This collaboration is intended to assist municipal authorities in transitioning to EVs and to bolster TotalEnergies' presence in the public charging sector within the Benelux region. The platform is equally owned by TotalEnergies and Tikehau Capital, focusing on c...
    Aisin to invest $200 million to expand production in India
    Aisin Corp. and its Indian subsidiary Aisin Automotive Haryana Private Ltd. (AHL) plan to expand AHL's current plant and construct a new facility in Maharashtra, India, to grow their business in India's rapidly expanding market. The total investment for these projects is about ¥32 billion (about $200 million). Since initiating production in India in the 1990s, Aisin has enhanced its manufacturing capabilities to align with market trends and customer demands, producing and selling a variety of p...
    Orion Energy to invest $4 million to install 105 EV charging stations in Boston, US
    Orion Energy Systems Inc., known for providing energy-efficient and electric vehicle charging solutions, has announced a significant project involving the installation of 105 EV charging stations and infrastructure in the Boston Public School (BPS) system. This contract is valued at $4 million. The installation is being carried out by Orion's Voltrek division at the Freeport Bus Yard, operated by BPS, a major client and one of the prominent school districts in the US. The newly installed unit...
    AMG Critical Materials plans lithium highway to reduce reliance on mainland China
    AMG Critical Materials, a Dutch miner and lithium supplier, aims to reduce its dependence on mainland China by processing battery-grade lithium for electric vehicles in Brazil, Portugal and Germany. Michael Connor, the head of development at AMG, stated that the company plans to create a lithium highway connecting these three countries to bypass mainland China's monopoly on lithium processing. The goal is to establish a Western processing capacity in Brazil and Portugal to provide this expertise...
    Waymo secures $16 billion to scale robo-taxi fleet globally
    Waymo has secured a $16 billion investment round, resulting in a post-money valuation of $126 billion. This milestone signifies the growing scale of autonomous mobility, with Waymo at the forefront. The financing was spearheaded by Dragoneer Investment Group, DST Global and Sequoia Capital, and included participation from Andreessen Horowitz, Mubadala Capital, Bessemer Venture Partners, Silver Lake, Tiger Global and T. Rowe Price, among others.  Waymo's safety performance is impressive, ...
    Fastned plans to raise more funds, issues new bonds
    Fastned, a leading charge point operator (CPO) in Europe, has commenced a subscription for a new bond issue, with documentation available on Fastned's dedicated bonds page. The move aims to raise additional funds as Fastned continues to expand its charging network across the EU. The proceeds from these investments will be used to expand Fastned's network of fast-charging stations across both existing and new markets. This expansion is facilitated by the growing electric vehicle sales in Europ...
    Sharge partners with Grab to launch EV charging stations for drivers in Thailand
    Sharge, an electric vehicle charging ecosystem operator in Thailand, has partnered with Grab, the country's top ride-hailing app, to launch EV charging stations exclusively for Grab drivers. This initiative aims to promote EV adoption among ride-hailing drivers. Sharge plans to invest over 400 million baht (approximately $12.8 million) to establish 40 charging stations across Thailand by 2027. Three initial stations will be located at Suvarnabhumi Airport, Don Mueang Airport and Pat...
    Waabi completes $750 million funding round and partners with Uber for robo-taxi deployment
    Waabi has announced the completion of a $750 million Series-C funding round, which was oversubscribed and coled by Khosla Ventures and G2 Venture Partners. Additionally, Uber has provided a milestone-based future investment as part of a new partnership to deploy Waabi's robo-taxis using the Waabi Driver exclusively on the Uber platform. This funding round is the largest in Canadian history and will support the further development of Waabi's physical AI platform, enhance its commercial progress i...
    Redwood Materials raises $425 million in Series-E funding
    Redwood Materials has completed the final closing of its Series-E financing round, raising a total of $425 million. The final close included ongoing participation from existing investors Capricorn and Goldman Sachs Alternatives, and introduced Google as a new investor. The increase from the previously announced $350 million is attributed to strong demand and confidence in Redwood Materials' long-term strategy and execution. This capital will be used to accelerate the company's energy storage ...
    Emobi secures $3.4 million seed funding to expand JustPlug EV charging solution
    Emobi, one of North America's largest providers of electric vehicle charging roaming and JustPlug infrastructure, has announced the completion of a $3.4 million seed funding round led by Florida Funders. Other contributors include Aves Ventures, Collaborative Fund, Gaingels, Gener8tor, Goodwater Capital, Oasis Capital, OneSixOne Ventures, Ride Wave Ventures and Y Combinator. This new capital will help Emobi expand its technical infrastructure and promote the proliferation of its JustPlug solu...
    Posco Future M invests in Factorial to strengthen all-solid-state battery market presence
    Posco Future M has invested in the US-based battery-cell maker Factorial to enhance its presence in the all-solid-state battery market. The South Korean battery-materials maker finalized its investment on Jan. 26 following an agreement signed on Jan. 7. Previously, the two companies entered into a cooperation agreement in November 2025 to jointly work on developing all-solid-state batteries. Posco Future M aims to leverage this investment to capitalize on rapid market growth, while Factorial ...
    Hyundai Steel's affiliate plans $2.9 billion capital increase for US plant
    Hyundai Steel has announced that its affiliate Hyundai-Posco Louisiana LLC plans to undertake a capital increase of $2.9 billion for facilities investment in a US steel plant, Reuters reported the South Korean steelmaker as saying in a regulatory filing on Jan. 26. The development follows an earlier announcement by Hyundai Steel and its parent company, Hyundai Motor Group (HMG), of plans to establish a steel plant in Louisiana, US, with a projected annual capacity of 2.7 million metric tons. ...
    Kim Long and BYD partner to set up a $130 million battery plant in Vietnam
    Vietnamese vehicle manufacturer Kim Long Motor has announced a partnership with leading Chinese battery-maker BYD to develop a $130 million battery plant to produce batteries for commercial electric vehicles in central Vietnam. According to the agreement, Kim Long Motor will be responsible for the facility's construction, while BYD will provide extensive technical and technological support. The planned battery plant will cover 4.4 hectares and have an initial production capacity of 3 GWh ...
    PlusAI and Traton expand partnership for autonomous trucking solutions in US and Europe
    PlusAI and the Traton Group have announced an expansion of their global partnership to enhance the development and deployment of autonomous trucking solutions in the US and Europe. This announcement is linked to PlusAI's anticipated public listing through a business combination with Churchill Capital Corp IX. Traton has committed up to $25 million in non-dilutive research and development funding to PlusAI for integrating PlusAI's SuperDrive into Traton's autonomous trucks. Additionally, Tra...
    Motherson Group expands operations in Hungary with €95.4 million investment
    Samvardhana Motherson International Ltd., an India-based automotive supplier also known as Motherson Group, is expanding its operations in Hungary through several investments, including a research and development program and the establishment of a regional services center. The company’s €54 million R&D project focuses on AI-based sensors and advanced visual systems integrated into rearview mirrors. The investment is set to create 55 new jobs for automotive product development professi...
    Neolite ZKW inaugurates new lighting facility in Pune, India
    Neolite ZKW Lightings Ltd., a joint venture between the ZKW Group and Indian supplier Neolite, has established a manufacturing facility in Pune, Maharashtra, to produce automotive lighting systems, Autocar Professional reported Jan. 23, 2026. The plant, which began operations in December 2025, is strategically located near the Mumbai-Pune-Nashik-Aurangabad automotive cluster, enabling the company to efficiently serve clients such as JSW MG Motor, Stellantis India, VE Commercial Vehicles and...
    Voltempo introduces first megawatt-scale electric HGV charging hub at East Midlands Gateway
    Voltempo has launched its first megawatt-scale electric heavy goods vehicle (HGV) charging hub at East Midlands Gateway, supporting Kuehne+Nagel's UK overland fleet. This development marks a significant milestone for both Voltempo and the eFREIGHT 2030 program. The hub, designed and implemented by Voltempo, features British-designed HyperCharger technology capable of delivering charging rates of up to 1 MW, enabling fast recharging of electric HGVs in under 30 minutes. The site was visited by...
    Eleport secures €35 million loan from the European Investment Bank to expand EV charging infrastructure
    Eleport, an independent electric vehicle fast-charging network operator, has secured a €35 million loan from the European Investment Bank (EIB), supported by the InvestEU program. This funding will facilitate the deployment of Eleport's multiplug fast-charging hubs across central and Eastern Europe, which aim to make EV charging a seamless experience for drivers. The EIB loan will enable the installation of more than 250 new fast-charging hubs at major shopping and commercial locations in c...
    North Northamptonshire Council in the UK partners with Connected Kerb for installation of 1,500 new EV chargers
    The North Northamptonshire Council in the UK has announced a partnership with Connected Kerb to install over 1,500 electric vehicle charging sockets throughout the region. This project will be cofunded by Connected Kerb and supported by £2.9 million from the government's Local Electric Vehicle Infrastructure (LEVI) fund. Over the next three to five years, the initiative will triple the number of existing public charge points, targeting installation across 320 new sites, which include all ...
    Ethernovia secures over $90 million in Series-B funding led by Maverick Silicon
    Ethernovia, a semiconductor startup specializing in Ethernet-based, packet processor-centric networking solutions for software-defined autonomy in vehicles, robots and intelligent machines, has announced the completion of a Series-B funding round exceeding $90 million. This round was led by Maverick Silicon, with contributions from Socratic Partners, Conduit Capital, CDIB-TEN Capital, and existing investors such as Porsche SE, Qualcomm Ventures and Fall Line Capital. Ethernovia is focused on ...
    ZF Group launches electric park brake production line in India
    ZF Group has inaugurated an electric park brake (EPB) production line at its Oragadam manufacturing facility in Tamil Nadu, India, thereby expanding into the full industrialization of electronically controlled braking systems in India for passenger cars. The line has an annual production capacity of 800,000 units and is supported by a growing Indian supplier network for precision components. ZF is supplying EPB systems, which are featured in newly launched all-electric passenger vehicles...
    Antolin holds signing ceremony for Global R&D & Innovation Center in mainland China
    On Jan. 16, Antolin held the official signing ceremony for its Global R&D & Innovation Center in mainland China. This event followed the completion of registration procedures and took place near Antolin's SUZ plant in Kunshan, Jiangsu province. The ceremony included key stakeholders from both Antolin and the local government, symbolizing a critical aspect of Antolin's global development strategy. According to Antolin, its China Global R&D & Innovation Center aims to fulfill th...
    Vinfast plans to localize battery production in India
    Vietnamese electric-vehicle maker Vinfast is in discussions with several battery manufacturers in India, including Tata-Gotion, to localize battery production for its vehicles. This move is part of VinFast's strategy to strengthen and expand its EV offerings in the Indian market. According to Vinfast Asia CEO Pham Sanh Chau, the company aims to increase its localization efforts, which stand at about 15%, to reach 40% soon. By localizing battery production, VinFast expects a significant boost ...
    Honda to start operations at US battery plant in 2026
    Honda's new battery plant in Fayette County, Ohio, developed in partnership with LG Energy Solution, is scheduled to begin production in 2026. Initially set to start operations in late 2025, the opening was postponed to align with the launch of the new electric Acura RSX. This delay ensures the battery production coincides with the introduction of Acura's first electric sport utility vehicle, which will be produced at Honda's Marysville, Ohio, plant alongside its gas and hybrid vehicles. T...
    Northern Graphite and Obeikan to develop $200 million battery anode plant in Saudi Arabia
    Northern Graphite Corp. and Obeikan Investment Group have signed a term sheet to jointly develop a $200 million battery anode material (BAM) plant in Yanbu Industrial City, Kingdom of Saudi Arabia. The joint venture company will be owned 51% by Obeikan, which operates in packaging, printing and various industrial sectors in the Middle East and Africa, and 49% by Northern. The facility aims to produce 25,000 metric tons per year by 2028, with the capacity to scale up to meet rising global...
    DENSO invests $69 million in new logistics center in Lebanon, Tennessee
    DENSO plans to invest $69 million in constructing an advanced logistics center in Lebanon, Tennessee, which will retain 100 jobs in the area and enhance the company's operations and competitiveness in North America. The 280,000-square-foot facility is scheduled to begin construction in summer 2026 and open in spring 2027, replacing DENSO's current Wilson County, Tennessee, operations with a larger, technologically advanced space. The phased transition will ensure continuity for DENSO's workforce...
    JK Tyre expands passenger car tire production capacity in India
    JK Tyre & Industries Ltd. has inaugurated the third phase of its capacity expansion and modernization at its passenger car radial tire manufacturing plant located in Banmore, Madhya Pradesh, India. The initiative is part of a broader investment plan by the company, exceeding 10 billion rupees (nearly $110.7 million). The inauguration ceremony was attended by executives from JK Tyre and Maruti Suzuki India Ltd. (MSIL), including Hisashi Takeuchi, CEO and managing dire...
    EVgo expands fast-charging initiative at Kroger stores across the US
    EVgo Inc. is expanding its initiative to provide fast-charging options for electric vehicles at Kroger stores across the US. The company plans to build at least 150 fast-charging stalls annually until 2035 at various Kroger Family of Stores locations. This expansion builds upon the collaboration between EVgo and Kroger that started in 2022 and aims to offer up to 16 high-power, fast-charging stalls at select Kroger store sites. The intention is to offer customers convenient and reliable charg...
    Lewisham Council partners with Zest to expand EV charging infrastructure
    The Lewisham Council is collaborating with Zest, a UK investor-operator of electric vehicle charging infrastructure, to expand public EV charging spaces across the borough. The project aims to install at least 200 charging points specifically for households dependent on on-street parking. Zest has committed an initial investment of £1.5 million to deliver, operate and maintain the charging network over the next 15 years, without placing a financial burden on the council or taxpayers. Ad...
    ZF Foxconn commences e-axle assembly operations for BMW EVs in Debrecen, Hungary
    ZF Foxconn Chassis Modules has officially opened its new e-axle assembly plant in Debrecen, Hungary. The facility, which required an investment of €26.7 million, was completed in just 13 months and is dedicated to the just-in-sequence assembly of electrified front and rear axles for BMW's New Class platform. It contributes to the strategic positioning of the region as a hub for e-mobility and automotive production. The plant is expected to create a total of 550 jobs in Debrecen and KecskemÃ...
    Mercedes-Benz unveils charging network in Canada with high-power hubs
    Mercedes-Benz has launched its charging network in Canada with the opening of eight high-power charging hubs in the Metro Vancouver region. These sites feature 400-kW Alpitronic chargers, capable of adding up to 303 km of range in just 10 minutes. The network introduces a four-cable charging system, supporting both Combined Charging System 1 (CCS-1) and North American Charging Standard (NACS) connectors, thereby accommodating any electric vehicle without the need for adapters. Heiko Schmid...
    Ecarx secures $45.6 million investment from Geely Holding for global expansion
    Mobility technology provider Ecarx Holdings has announced a subscription agreement with Geely Investment Holding Ltd. Under the agreement, Geely Holding will subscribe for 27,297,002 newly issued Class A ordinary shares of Ecarx at $1.67 per share, totaling $45.6 million, through a private placement. The share price is based on the volume-weighted average of Ecarx shares on the Nasdaq for the 20 trading days preceding the agreement's date. The private placement's closing is contingent upon ...
    UAE inaugurates one of the largest ultrafast EV charging hubs in Abu Dhabi
    The United Arab Emirates inaugurated one of the world's largest ultrafast electric vehicle charging hubs in Abu Dhabi, UAE. ADNOC Distribution, a leading mobility and convenience retailer in the UAE, announced the launch of the sixth-largest superfast EV charging hub globally and laid out a plan to electrify the UAE highway network by 2027. This development aligns with Abu Dhabi's Sustainability Week, as global leaders discuss sustainable energy futures. The EV Mega hub, located on the E...
    Hylic inaugurates first factory for liquid-solid-state battery production in mainland China
    Hylic, officially known as Heyuan Lithium Innovation in mainland China, has begun operations at its first factory for the mass production of liquid-solid-state batteries in Jiangsu province in the fourth quarter of 2025. The company, founded in January 2023 and headquartered in Suzhou, mainland China, focuses on the research, development, production and sales of solid-state lithium-ion battery products for various applications, including energy storage, power and household appliance...
    Pony.ai and BAIC BJEV enhance partnership for Level 4 autonomous robo-taxi production
    Pony.ai and BAIC BJEV, the electric vehicle manufacturing division of BAIC Group, have announced an enhanced strategic partnership. This collaboration aims to advance the mass production, commercialization and international deployment of autonomous driving solutions, specifically focusing on Level 4 autonomous driving. The partnership intends to address core challenges in scaling from pilot programs to sustainable commercial operations. Under the updated agreement, both companies will concent...
    Israel opens first licensed EV battery recycling plant in Arad
    Israel has inaugurated its first licensed electric vehicle battery recycling plant in Arad, Israel, approved by the Environmental Protection Ministry. Re Car Technologies Ltd. (RE-CAR) has launched this facility dedicated to recycling lithium-ion batteries from EVs. The plant, situated in the northern industrial zone of Arad, occupies about 7,000 square meters and represents an initial investment exceeding 15 million shekels (about $4.73 million), with plans for additional investment in the...
    Johor state in Malaysia discusses lithium battery plant with Gotion High-Tech for regional EV hub
    Malaysia's Johor state government is in the final stages of discussions with Gotion High-Tech Co. Ltd., a global battery technology firm, to establish an advanced lithium battery manufacturing facility. This initiative follows a recent visit and strategic meeting with Gotion's top management in Shanghai. Menteri Besar Datuk Onn Hafiz Ghazi indicated that setting up this facility would position Johor as a regional hub for electric vehicle battery production and energy storage systems. He empha...
    Posco Future M collaborates with CNGR, Fino on lithium iron phosphate cathode materials
    Posco Future M has entered into a joint venture agreement with CNGR and its South Korean subsidiary, Fino, focusing on lithium iron phosphate (LFP) cathode materials. The agreement was finalized during a signing ceremony held Sept. 23, 2025, at Fino's headquarters in Anyang, Gyeonggi-do Province, attended by representatives from all three companies. This development follows board approval on Sept. 15, 2025, and aims to expand Posco Future M's presence in the rapidly growing energy storage sys...
    Ithaca College boosts EV charging capacity with Recharge at IC initiative
    Ithaca College has completed the expansion of its electric vehicle charging network, enhancing sustainability and public accessibility. With the Recharge at IC initiative, the college has installed 30 new charging stations on its South Hill campus, increasing its charging capacity ninefold. Notably, this includes two dual-port DC fast chargers at the Athletics & Events Center, which are the first publicly available DC fast chargers on a New York State college campus. These stations are acces...
    Lubricant supplier Gulf Oil to expand EV charging infrastructure in India
    Gulf Oil Lubricants India, supported by the Hinduja Group, is increasing its investment in the electric vehicle charging sector by enhancing its stake in Tirex Transmission to 65% through an additional 14% acquisition for approximately 380 million rupees (about $4.2 million). The move reflects Gulf's strategic shift from a traditional lubricant company to a mobility ecosystem player. Tirex, which manufactures high-speed DC chargers for fleet and highway operations, has shown significant ...
    Exide Industries announces leadership change at EV battery subsidiary, invests $20 million
    Exide Industries Ltd. announced changes in leadership and a significant equity investment in its wholly owned subsidiary, Exide Energy Solutions Ltd. (EESL). The Indian battery supplier appointed Pravin Ramchandra Saraf as the new CEO and managing director of EESL on Dec. 22, 2025, replacing Mandar V Deo. On Dec. 23, 2025, Exide Industries invested 1.8 billion rupees (nearly $20 million) in EESL through a rights issue subscription, allotting 45 million equity shares at 10 rupees each, with a ...
    India adds more than 27,000 EV charging stations nationwide
    India has marked a major milestone in its electric vehicle revolution, installing over 27,000 new charging stations across the country in 2025 to fuel the growing adoption of electric cars, bikes and commercial fleets. The expansion, detailed in a year-end statement from the Ministry of Petroleum and Natural Gas, underscores the nation's push toward sustainable mobility. Nearly 8,932 stations were established under the central government's Faster Adoption and Manufacturing of Electric Ve...
    Orbia triples electrolyte production capacity with Wisconsin facility expansion
    Orbia's Fluor & Energy Materials division has completed a major expansion of its Custom Electrolyte facility in Madison, Wisconsin, boosting production capacity by approximately 300% to meet surging global demand for battery electrolytes. The project reached its final phase in early December 2025 with the addition of a second 75-liter mixer and a new 200-liter mixer, rendering the site fully operational. Launched in August 2024, the facility has already supplied tailored electrolytes for ...
    Ecarx invests $23 million in Lotus Technology to enhance intelligent vehicle collaboration
    On Dec. 23, Ecarx announced a strategic investment of $23 million in Lotus Technology Inc. through a private placement. This agreement entails Ecarx subscribing to 16,788,321 newly issued ordinary shares of Lotus Tech at $1.37 per share, with the transaction expected to close within 30 days pending customary conditions. The shares will be subject to a six-month lock-up period with typical exceptions. The strategic investment aims to expand the collaboration between the two companies, foc...
    Aluko Group to establish second US manufacturing facility in Tennessee
    Aluko Group has announced plans to establish its second US manufacturing facility in Halls, Tennessee. The South Korean supplier will invest $107.7 million to develop an integrated aluminum manufacturing operation in the former Tupperware building. The investment will create 285 new jobs in Lauderdale County. Aluko Group operates its first US production facility in Jackson, Tennessee. The new facility will support and expand Aluko Group's customer base in various industries, including electri...
    Leapmotor secures $530 million from FAW
    Leapmotor, a leading manufacturer of new-energy vehicles (NEVs), has secured a significant investment from China FAW Group, marking a notable instance of a mainland Chinese state-owned automaker investing in an NEV startup. According to a regulatory filing, Leapmotor has signed an agreement on Dec. 28 with FAW Equity Investment, a wholly owned subsidiary of China FAW, to issue 74,832,245 domestic shares at 50.03 yuan (about $7.13) per share, raising 3.74 billion yuan. The newly rais...
    ComEd awards rebate to BP Pulse for charging hub near O'Hare Airport
    ComEd has awarded a $500,000 electric vehicle rebate to BP Pulse to help develop one of the largest public charging hubs near O'Hare Airport in Des Plaines, Illinois. This initiative, through ComEd's Beneficial Electrification Plan, aims to enhance EV charging access and support local vehicle operators by installing 40 new ultrafast-charging ports. This project is part of a broader effort by ComEd, which has facilitated the installation of over 9,500 charging ports since launching its EV...
    Naxatra Labs secures $3 million funding to boost R&D and production of EV motors
    Naxatra Labs, a deeptech company focused on high-efficiency electric motors, has secured $3 million in a Pre-Series-A funding round led by Rainmatter, Autocar Professional reported Dec. 23. Based in Ahmedabad, India, the startup designs and manufactures motors for electric vehicles and industrial applications. Apart from Rainmatter, the funding round attracted participation from individual investors, including Mohit Tandon of Delhivery, Vijay Shekhar Sharma of Paytm, and Aloke Bajpai of Ixigo. ...
    Tata Motors Passenger Vehicles plans to expand EV portfolio with five new models by fiscal year 2029/30
    Tata Motors Passenger Vehicles Ltd. has announced plans to expand its electric vehicle portfolio by introducing five new models in India by fiscal year 2029/30, Press Trust of India (PTI) reported Dec. 23. The company also intends to enter the premium EV market under the Avinya brand by 2026, following the launches of the Sierra EV and Punch EV within the same year. In addition, Tata Motors Passenger Vehicles will introduce three new brands by the end of fiscal year 2029/30. Tata Mo...
    Lithium Royalty Corp. acquires 1.5% royalty on Goulamina project in Mali for A$40 million
    Lithium Royalty Corp. (LRC) has entered into a definitive agreement to acquire a 1.5% Trailing Product Sales Fee (TPSF) royalty on the Goulamina lithium project in Mali from Leo Lithium Ltd. for A$40 million. The Goulamina project is operated by Ganfeng Lithium Co. Ltd., a significant player in the lithium market, and is expected to produce up to 500,000 metric tons of spodumene concentrate per annum. The transaction is structured to be completed in two phases, with the initial payment of A$2...
    Eve Energy breaks ground on a 2-GWh sodium battery plant in mainland China
    Eve Energy, a leading mainland Chinese battery manufacturer, has commenced construction of a sodium battery plant in mainland China with the aim of advancing new battery technologies. The upcoming facility is expected to also serve as a business headquarters for the company's planned sodium-ion battery business in the future. The project, which also includes an AI robotics center, began on Dec. 22 in Huizhou, Guangdong. With an investment of approximately 1 billion yuan (about $140 mi...
    Li-FT Power to acquire Winsome Resources and interest in Galinée property
    Li-FT Power Ltd. has entered a binding agreement to fully acquire Winsome Resources Ltd. through Australian share and option schemes of arrangement, contingent on fulfilling various conditions. Additionally, Li-FT has a nonbinding letter of intent with Azimut Exploration Inc. and Soquem Inc. to acquire a 75% interest in the Galinée property. The Galinée property is adjacent to the Adina project, and both are collectively referred to as Adina-Galinée. The Adina project boasts significant li...
    UK West Berkshire Council to install 600 new EV chargers
    The UK's West Berkshire Council is advancing toward a sustainable future by collaborating with Connected Kerb to establish over 600 new electric vehicle charge points throughout the district. This initiative is supported by £382,000 from the Department for Transport's Local Electric Vehicle Infrastructure (LEVI) Fund, alongside private investment from Connected Kerb. The project aims to facilitate the transition to EVs, particularly benefiting residents in flats or homes without driveways...
    Waymo seeks $10 billion funding at $100 billion valuation amid autonomous vehicle competition
    Alphabet's self-driving vehicle unit, Waymo, is reportedly in discussions with potential investors to raise funds at a valuation of at least $100 billion, according to a report from The Information. The financing round could potentially exceed $10 billion, with plans to arrange it in early 2026. Bloomberg News has also reported that Waymo aims to raise over $15 billion, with Alphabet leading this effort.  Waymo, which was established from Google's self-driving car project in 2016, offers...
    Jaya Hind Industries invests $22.3 million to expand die casting plant in Chennai, India
    Indian supplier Jaya Hind Industries has commenced an expansion of its Chennai manufacturing plant in Tamil Nadu, India, with an investment of approximately 2 billion rupees (nearly $22.3 million), Autocar Professional reported Dec. 18. The investment aims to significantly increase the capacity of the precision aluminum die-cast component supplier.  The expanded facility will feature high-pressure die-casting machines with capacities ranging from 1,400 to 4,400 metric tons, designed to p...
    PowerCo launches Salzgitter gigafactory with Unified cells production
    PowerCo SE has launched the Salzgitter, Germany, gigafactory, beginning the production of the first Unified Cells entirely within Europe, bolstering Volkswagen Group's position in battery technology. The cells, once produced, will be delivered for final road tests to brands including Volkswagen, Å KODA and SEAT/CUPRA, with a debut in the Electric Urban Car Family planned for 2026. Volkswagen CEO Oliver Blume emphasized the strategic importance of this development, marking Volkswagen as the fi...
    Mainland Chinese supplier Foresight opens new manufacturing plant in Aguascalientes, Mexico
    Wuhu Foresight Technology, a mainland China-based automotive supplier, has officially inaugurated a new manufacturing plant in Jesús María, Aguascalientes, Mexico. The project, with a financial commitment of 899 million pesos (approximately $50 million), is expected to create 300 formal jobs and will complement the 1,250 employees the company already has in the state. The new facility covers 29,000 square meters and is designed to enhance Foresight's capabilities in advanced manufactur...
    Japanese supplier T.RAD plans $90.2 million production facility in Tennessee, US
    T.RAD North America, the US subsidiary of Japan-based automotive thermal system supplier T.RAD, has announced a $90.2 million investment in a new production facility in Clarksville, Tennessee. The project is set to generate 928 new jobs at the Clarksville-Montgomery County Corporate Business Park South, reinforcing Tennessee’s reputation as a hub for advanced manufacturing. The new plant will significantly increase T.RAD’s production capacity, enabling the company to expand its customer b...
    Hyundai Steel partners with Posco Group to build $5.8 billion steel plant in Louisiana, US
    Hyundai Steel has teamed up with the Posco Group to jointly establish a steel manufacturing plant in Donaldsonville, Louisiana, US. The two South Korean steel companies will invest $5.8 billion in the greenfield plant, which is expected to commence commercial production in early 2029. Hyundai Motor Group — including Hyundai Steel, Hyundai Motor and Kia — will collectively hold an 80% equity stake in the venture, with Posco Group securing the remaining 20%. The total project cost will be s...
    U Power and FTT Holding to form JV for expansion in Southern Europe
    U Power Ltd., a provider of AI-powered solutions for energy grids and intelligent transportation systems, has announced a Letter of Intent with FTT Holding Co. LLC to form a strategic joint venture. This JV is focused on accelerating U Power's expansion in Southern Europe. FTT Holding, a US-based technology-focused investment firm, intends to invest up to $50 million into this venture, supporting U Power's strategic growth in smart electric vehicle charging and next-generation energy infrastr...
    Tier IV invests in Taiwan-based autonomous driving startup Turing Drive
    Tier IV has invested in Turing Drive, a Taiwanese startup specializing in autonomous driving systems for geofenced areas and low-speed operations. Both companies have agreed to form a capital and business alliance focused on advancing the development of autonomous driving technology and expanding their global operations. Tier IV is at the forefront of developing Autoware, a prominent open-source software for autonomous driving, supporting global testing to ensure safe deployment of the technolog...
    USABC launches nine requests for proposal information to advance EV battery cell development
    The United States Advanced Battery Consortium LLC (USABC), under the United States Council for Automotive Research LLC (USCAR), has announced nine requests for proposal information (RFPIs) aimed at advancing battery cell development for electric vehicles. These RFPIs are part of a $90 million cooperative agreement with the US Energy Department (US DOE), with $60 million in federal funding. The objective is to identify developers who can meet or exceed USABC's targets for EV battery cells and ...
    Mitsubishi Chemical to boost carbon fiber production in Japan and US
    Mitsubishi Chemical Corp. has announced plans to increase its carbon fiber production capacity in Japan and the US. The company’s decision is in response to the growing demand for lightweight and high-performance products in the sports and leisure, aerospace and automotive sectors, where carbon fiber is increasingly sought after for high-end applications. Mitsubishi Chemical's carbon fiber is noted for its exceptional strength and elastic modulus, meeting strict quality standards. To meet r...
    Ford introduces strategic enhancements to Ford+ plan for diverse vehicle options and growth
    Ford Motor Co. has announced strategic measures to enhance its Ford+ plan, aiming to cater to customer demands while driving profitable growth. The company plans to offer a diverse range of options, including gas-powered vehicles, hybrids and electric vehicles. Ford's Universal EV Platform will support a variety of models, with an objective for hybrids, extended-range EVs and fully electric vehicles to constitute approximately 50% of its global volume by 2030, up from 17% in 2025. Ford will f...
    RecycLiCo Battery Materials receives permits for new lab in Canada
    RecycLiCo Battery Materials Inc., a company involved in refining critical minerals and upcycling lithium-ion batteries, has announced the approval of construction permits for its new research and process-development laboratory in Delta, British Columbia. The approval by the local government allows RecycLiCo to commence construction, which is scheduled for significant completion by early 2026. With the lab design finalized and permits secured, RecycLiCo has initiated early construction prepara...
    Volkswagen’s SEAT and CUPRA inaugurates battery-cell assembly plant in Spain
    Volkswagen (VW)-owned car brands SEAT and CUPRA have opened an all-new battery system assembly plant at the Martorell factory in Spain, SEAT announced Dec. 12. The move is seen as part of the VW Group's larger battery strategy to balance in-house and third-party cell supply to achieve maximum flexibility. In-house battery-cell assembly operations offer flexibility and control over the supply chain, while providing scope to innovate in technology and processes. The high-profile opening cere...
    Visteon opens engineering center in Tunisia to boost innovation
    Visteon has inaugurated a new engineering center in Tunis, the capital city of Tunisia, La Presse reported Dec. 14. The development marks a significant step for the US-based automotive supplier, which has operated in Tunisia since 2005. Visteon aims to expand its workforce in Tunisia to 900 employees by 2028, up from 560 at present, with nearly 40% in managerial roles. The new center is expected to support growth in engineering as well as research and development. Leveraging local talent, the...
    Geely Group unveils world's largest automotive safety testing facility in mainland China
    Geely Auto Group has unveiled the Geely Safety Centre, now recognized as the world's largest and most advanced automotive safety testing facility, in Hangzhou Bay, Zhejiang, mainland China. Spanning 45,000 square meters, the center was established with an initial investment exceeding 2 billion yuan (nearly $284 million), demonstrating Geely's commitment to advancing safety technologies and elevating global safety standards. The new center encompasses comprehensive global safety testing, inclu...
    Smackover Lithium attracts over $1 billion financing interest for Arkansas project
    Smackover Lithium, a joint venture between Standard Lithium and Equinor, has attracted more than $1 billion in financing interest for its Arkansas, US, lithium project. Three export credit agencies, including the US Export-Import Bank (EXIM) and Export Finance Norway, have shown interest in providing debt financing, though the third agency's name has not been disclosed. Standard Lithium's US-listed shares saw a 3% rise following this announcement. The JV is seeking up to $1.1 billion in senio...
    Illinois launches $65.6 million funding for EV charging projects
    The Illinois Transportation Department (IDOT) has announced a new funding opportunity through the Illinois National Electric Vehicle Infrastructure Program, offering approximately $65.6 million for building electric vehicle charging stations statewide. This initiative advances the efforts from the first two rounds that funded 62 charging stations along Illinois interstates to support Gov. JB Pritzker's aim of having 1 million EVs on Illinois roads by 2030. Illinois Transportation Secretary Gi...
    Naxion Energy introduces sodium-ion battery systems in India
    Naxion Energy has announced the commercial launch of its sodium-ion-based energy storage systems, produced at its Coimbatore facility in India. This development marks the company as India's first dedicated sodium-ion battery manufacturer. The systems integrate batteries, inverters and solar  Maximum Power Point Tracking (MPPT) components, available in 3.5-kW, 5-kW and 10-kW configurations with expandable capacity, catering to residential, commercial, industrial and defense sectors as alt...
    ARENA invests A$21 million to boost EV charging infrastructure in Australia
    The Australian Renewable Energy Agency (ARENA) is investing A$21 million to expedite the transition to electric vehicles in Australia. Through ARENA's Driving the Nation Program, three new projects have been initiated to improve access to EV charging infrastructure, making it more affordable and readily available across the country. These initiatives aim to advance the infrastructure and insights necessary for Australia's shift toward zero-emission transportation. The projects include funding...
    VisIC Technologies raises $26 million in second Round B funding for gallium nitride advancements
    VisIC Technologies, known for its work in gallium nitride (GaN) power semiconductors for electric mobility, announced the successful second closing of its Round B funding, raising $26 million. The funding round was led by a major semiconductor company and included participation from HKMC as a strategic investor. This achievement strengthens VisIC's position in GaN innovation for electric vehicle traction inverters, highlighting its contribution to the advancement of next-generation electric mobi...
    Toyota Boshoku America opens first smart plant in Kentucky, fostering innovation and growth
    Toyota Boshoku America Inc. (TBA), the wholly owned subsidiary of Japan-based Toyota Boshoku Corp., has inaugurated a new manufacturing facility in Hopkinsville, Kentucky, the US. The facility, named Toyota Boshoku Western Kentucky (TBWK), spans 354,340 square feet across 48 acres in Hopkinsville's South Park Development. It began production of advanced seats in November. The new facility represents TBA's first "smart plant" and signifies advancements in innovation, sustainability and re...
    Ace Green Recycling advances global zero-emissions battery recycling strategy in key markets
    Ace Green Recycling Inc. has announced significant progress in its global expansion strategy, with zero-emissions battery recycling equipment deployments in Taiwan, Thailand and Armenia. The company is shipping equipment for projects in Taiwan and Thailand, and has commenced shipments to Armenia for lead and lithium recycling. In Taiwan, Ace is collaborating with ACME Metal Enterprise, with equipment set to arrive early in 2026, marking phase two of its deployment to expand zero-emissions cap...
    QuantumScape advances QSE-5 cell production with new Eagle Line installation in San Jose
    QuantumScape Corp., a company specializing in solid-state lithium-metal battery technology, announced the completion of the installation of essential equipment for its QSE-5 cell production in San Jose, California. This achievement marks an important annual goal for 2025. The Eagle Line, QuantumScape's automated battery cell pilot production line, is designed to lay the groundwork for gigawatt-hour-scale production through QuantumScape's technology licensing partners. To celebrate this m...
    Benteler modernizes casthouse at Rufsoss plant in Norway to enhance use of recycled aluminum and reduce CO2 emissions
    Benteler has completed a significant modernization of its casthouse at the Raufoss Industrial Park in Norway. This investment aims to increase the use of recycled aluminum from 30% to 40% at the plant, with a goal of reaching 50% by 2030, while also decreasing CO2 emissions in the production process. The initiative supports Benteler's commitment to sustainable automotive production and assists original equipment manufacturers in achieving their climate objectives.  This modernizatio...
    Aisin Canada invests $11 million to localize sunroof production for Lexus NX crossover
    Aisin Canada Inc., the Canadian subsidiary of Japan-based automotive supplier Aisin, intends to invest $11 million over the next year to localize production of panoramic sunroofs for the Lexus NX crossover, Automotive News reported Dec. 8. This investment will involve new equipment and will transition production from Asia to North America, making the Stratford, Ontario, plant the first outside Japan to manufacture these sunroofs. The factory will supply Toyota's assembly plant in Cambridge, Onta...
    CATL and Hellobike to launch first batch of Level 4 robo-taxis by June 2026
    CATL and Hellobike's robo-taxi joint venture is preparing to deliver its first SAE Level 4 autonomous vehicles in small batches by March 2026, with mass production expected by June 2026. This initiative involves a partnership with Dongfeng Nissan's Venucia brand to develop the initial model based on the VX6 platform. The mobility platform, which includes Ant Group, an affiliate of Alibaba Group, was established in June 2025 to focus on advancing autonomous driving technology. The partners have i...
    Spain unveils €1.3 billion package to boost EV growth
    Spain has announced a financial package of nearly €1.3 billion aimed at bolstering its electric vehicle market and industry in the upcoming year. This initiative is part of a larger plan to increase the share of EV production to 95% in the country by 2035, as stated by Prime Minister Pedro Sanchez. As of the first 10 months of 2025, the proportion of fully electric and plug-in hybrid vehicles manufactured in Spain stands at approximately 10%, while self-charging hybrids account for 26.7%. I...
    Autolane secures $7.4 million funding to expand autonomous vehicle infrastructure
    Autolane, a company specializing in autonomous vehicle infrastructure, has secured $7.4 million in funding coled by Draper Associates and Hyperplane, with additional participation from Launch and Feld Ventures. The funding aims to facilitate Autolane's expansion across retail, restaurant and commercial property sectors. The company's technology supports autonomous ride-hailing services, such as Waymo and Tesla's robo-taxi, and autonomous delivery vehicles for retailers and restaurants within ...
    Trinseo unveils fourth-generation SBR binder platform for EV and ESS applications
    Trinseo has unveiled its fourth-generation styrene-butadiene rubber (SBR) binder platform designed for electric vehicle and battery energy storage system (ESS) applications. This platform is part of the US-based specialty chemicals supplier’s strategy to bolster its leadership in high-performance materials, aiding the energy transition.  The development, grounded in advanced polymer science and collaboration with battery manufacturers globally, addresses industry needs for enhanced ene...
    Sodecia Aapico JV invests $120 million in South Carolina manufacturing facility in US to serve Scout Motors
    The Sodecia Aapico Joint Venture, a joint venture company between Portugal-based Sodecia and Thailand-based Aapico, has announced plans to invest $120 million to construct a new manufacturing facility in Orangeburg County, South Carolina, the US. The 400,000-square-foot plant will produce ladder frames for Scout Motors and is expected to create nearly 400 new jobs. Established in May, the joint venture combines the strengths of both companies to serve Scout Motors, which is rev...
    Maruti Suzuki plans nationwide expansion of EV charging network by decade's end
    Maruti Suzuki, India's largest carmaker, plans to establish over 100,000 charging points nationwide by the end of the decade to enhance consumer confidence in electric vehicles, according to Managing Director and CEO Hisashi Takeuchi. The company intends to launch its first EV, the eVitara, and aims to become the largest fast-charging original equipment manufacturer network by collaborating with 13 charge-point operators, having already set up 2,000 exclusive charging points across 1,100 citi...
    Suncoast Charging launches EV charging network with first DC fast-charging station in Land O’Lakes, Florida
    Suncoast Charging Corp. has announced the official launch of its first electric vehicle DC fast-charging station, located in Land O'Lakes, Florida, which is now open to the public. This marks the beginning of Suncoast Charging's network build-out planned for 2026 and beyond. The station can serve up to eight vehicles simultaneously and features 325-kW fast chargers, indicating a strategic effort to provide reliable and high-performance EV infrastructure at locations that cater to customer pre...
    South Korea to invest in next-gen battery technologies to boost global competitiveness
    The South Korean government has announced an investment plan of 280 billion won (approximately $191 million) over the next four years to develop next-generation battery technologies. These technologies include all-solid-state, lithium metal and lithium sulfur batteries. The initiative aims to boost the competitiveness of local companies amid global competition and was announced during a national advanced industry committee meeting led by Prime Minister Kim Min-seok. The Ministry of Trade, Ind...
    GO Enerji partners with LG Energy Solution to jointly build a battery pack production facility in Ankara
    GO Enerji, a Turkish engineering and energy firm, and LG Energy Solution, a South Korean battery manufacturer, have announced a joint venture to establish a battery pack production facility in Ankara, Turkey. This project will involve an initial investment of €45 million and is scheduled to commence operations in the second quarter of 2026, with an initial production capacity of 2.5 GWh. The facility aims to expand its capacity to 7.5 GWh within two years, with long-term investment expec...
    Kumho Tire plans $587 million investment in new tire production facility in Poland
    Kumho Tire has announced its plans to establish a passenger car tire production facility in the Opole region of Poland, aiming to enhance its presence in the European market. The new plant is expected to commence operations by August 2028, following the completion of necessary investment approvals and licensing procedures. Initially, the production capacity is set at 6 million tires per year, with plans to adjust output based on market conditions. The South Korean tiremaker will invest $587 mill...
    V-Green partners with Telkom Property to expand EV charging in Southeast Asia
    V-Green, a global developer of electric vehicle charging infrastructure, has entered into a partnership with Telkom Property, a subsidiary of Telkom Indonesia, to advance green infrastructure development in Indonesia and Southeast Asia. They have signed a memorandum of understanding that allows V-Green access to various parking lots across Indonesia managed by Telkom Property to support EV charging stations and green transportation infrastructure, including electric taxis. Telkom Property, wi...
    Canadian government grants over C$10 million to support EV charging infrastructure and R&D projects on electric motors
    The Canadian government has allocated over C$10 million to support the expansion of electric vehicle charging infrastructure as well as research and development of magnetic materials used in the production of electric motors. As part of this initiative, more than C$9 million will be allocated through the Zero Emission Vehicle Infrastructure Program (ZEVIP) to collaborate with Green Economy Canada and the New Brunswick Power Corp. This collaboration aims to install over 1,200 EV charge...
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