In a press release on July 8, Innoviz Technologies announced the shipment of the first InnovizTwo Lidar units from a high-volume production line managed by Fabrinet. This milestone represents a significant step forward in the mass production of Innoviz's InnovizTwo Lidar technology, aimed at the autonomous vehicle industry.  The successful assembly of the first units signifies Innoviz's progress toward high-volume production while maintaining quality processes to meet customer requiremen...

As reported in a press release on June 25, the Benteler Group has commenced the construction of a new automotive plant in Kenitra, Morocco. Mr. Ryad Mezzour, Minister of Industry and Trade of the Kingdom of Morocco, attended the groundbreaking ceremony. The company plans to invest a significant mid-double-digit million euro amount during the ramp-up phase, with production scheduled to begin in 2026. The new manufacturing facility is expected to create more than 300 direct jobs and pote...

Sino-Moroccan company Cobco has commenced production at its plant for lithium-ion (Li-ion) battery components in Jorf Lasfar, located 125 km south of Casablanca, Morocco. Cobco is a collaboration between Moroccan investment fund Al Mada and CNGR Advanced Materials, a mainland Chinese battery materials producer. Morocco's strategic proximity to Europe, its automotive industry, free trade agreements, and abundance of phosphates and cobalt make it appealing to mainland Chinese electric vehicle batt...

Zimbabwe plans to ban the export of lithium concentrates from 2027 as part of efforts to enhance local processing capabilities, according to Minister of Mines and Mining Development Winston Chitando. This decision follows a 2022 ban on the export of lithium ore. The country, Africa's leading lithium producer, has been encouraging domestic processing, with a focus on lithium sulfates, which can be refined into battery-grade materials. Lithium concentrates are primarily exported to mainland Chi...

Porsche Centre Oman partners with Shell Oman Marketing Company to enhance the electric vehicle infrastructure across Oman, focusing on expanding high-performance charging networks at Shell forecourts. The collaboration leads to the installation of a minimum of eight co-branded Porsche and Shell DC high-performance charging stations in the Sultanate, along with 125 AC Porsche Destination Chargers at convenient locations, providing free top-ups for Porsche customers. ...

Elektros Inc., a company focused on sustainable energy and advanced electric mobility, announced a major development in its lithium project in Sierra Leone. Elektros has received the necessary permits and regulatory approvals to begin preliminary development of its mining operations in Southern Sierra Leone. This endeavor marks a significant step in its long-term goals, highlighting the company's innovation and influence in the global energy sector. The company emphasizes regulatory complianc...

India's Force Motors has taken a strategic step to broaden its global presence by signing a non-binding memorandum of understanding (MOU) with W Motors, a United Arab Emirates-based high-performance, luxury sports-car manufacturer. This partnership was announced at the Make it in the Emirates event in Abu Dhabi, UAE, and aims to explore the development and manufacturing of a new vehicle model in the UAE. The collaboration focuses on fostering cross-border innovation in mobility soluti...

Saudi Arabia Mining Co. (Maaden) has entered into an agreement with MP Materials Corp., a US company involved in producing rare earths, to explore the creation of a fully integrated rare earth supply chain in Saudi Arabia. The companies plan to develop a vertically integrated operation that includes mining, separation, refining and the production of magnets within Saudi Arabia to bolster industrial growth and contribute to downstream sectors. This initiative was formalized with a memoran...

Hyundai Motor Manufacturing Middle East (HMMME), a joint venture between Public Investment Fund (PIF), Saudi Arabia’s sovereign wealth fund, and South Korean carmaker Hyundai Motor Co., hosted its groundbreaking ceremony in the King Salman Automotive Cluster, Hyundai announced May 15. The King Salman Automotive Cluster is situated within the King Abdullah Economic City (KAEC). The upcoming vehicle manufacturing plant, which will be Hyundai’s first in the Middle East region, is expected...

The Integrated Transport Centre (Abu Dhabi Mobility), associated with the Department of Municipalities and Transport, has made a substantial investment in electric vehicle charging infrastructure in Abu Dhabi, United Arab Emirates, through public-private partnership (PPP) contracts. These contracts cover the supply, installation, operation and maintenance of EV charging stations across the capital. This initiative is part of Abu Dhabi Mobility's efforts to transition to clean mobility and sup...

Electreon, a leading wireless electric vehicle charging technology company, announced a subsequent major project agreement with Electra Afikim, one of Israel's significant public transportation operators. This partnership follows the successful implementation of Electreon's wireless charging technology at the Rosh HaAyin bus depot, which was inaugurated in November 2023. The strategic partnership is now set to be expanded to the Ovnat terminal in Petah Tikva, a prominent suburb of Tel Aviv, Isra...

According to a press release on April 22, Innoviz Technologies has partnered with Fabrinet to bring its InnovizTwo product platform to mass production. Fabrinet will act as the chosen manufacturing partner for the InnovizTwo Lidar product platform, encompassing both the InnovizTwo Long-Range and InnovizTwo Short- to Mid-Range Lidar solutions. The agreement with Fabrinet comes after Fabrinet's facility passed rigorous audits by several global leading automotive original equipment m...

The advent of electric vehicles has kept the demand for lithium-ion batteries growing for over the last decade. The battery supply chain industry, including cell manufacturing and battery materials, have witnessed huge investments leading to significant capacity buildup across several regions globally. However, the recent slowdown in EV demand has placed the supply chain in a tough spot as capacity addition resulted in an oversupply situation, which reduced the cost of all key battery materia...

A disastrous spill of waste containing concentrated acid, dissolved solids and heavy metals from the Chambishi copper mine in Zambia, owned by the mainland Chinese company Sino-Metals Leach Zambia, has caused significant environmental concerns. The spill, which involved approximately 50 million liters of toxic material, occurred Feb. 18 after the mine's tailings dam collapsed. The China Nonferrous Metals Industry Group, a state-owned enterprise, holds the majority ownership of the mine. ...

Martinrea International, a Canada-based automotive supplier specializing in lightweight structures and propulsion systems, announced its financial results for the fourth quarter and full year ended Dec. 31, 2024. In the fourth quarter, Martinrea reported an 11.2% year-over-year decline in sales to $1.15 billion, which led the company to record a 15.8% year-over-year decline in gross profit to $129 million. Lower sales, along with higher impairment charges of $129.4 million, forced Martinrea t...

GlobalFoundries (GF) and the Massachusetts Institute of Technology (MIT) have entered into a master research agreement to jointly advance semiconductor technology research, as reported in a press release on Feb. 27. This collaboration is spearheaded by MIT's Microsystems Technology Laboratories (MTL) and GF's research division, GF Labs, where the focus will initially be on leveraging GF's unique silicon photonics technology and its 22FDX platform. These technologies are poised to improve power e...

CATL, a leading power battery manufacturer, and Baidu, a major player in the field of search engines and autonomous driving, have announced a strategic partnership aimed at advancing autonomous vehicle technology and AI applications in manufacturing, according to a report published by CnEVPost on Feb. 27. This collaboration was formalized through a strategic cooperation agreement signed at CATL's headquarters in Ningde, Fujian province, mainland China, in the presence of key executives from both...

The Democratic Republic of the Congo (DRC), responsible for three-quarters of the world's cobalt supply, is pausing cobalt exports for four months to address oversupply issues. This decision comes in response to the plummeting prices of cobalt, a critical component for electric vehicle batteries, influenced by mainland Chinese firms' overproduction. The Congolese government, citing a decree that allows regulatory authorities to enact temporary measures to ensure market stability, initiated th...

Ace Green Recycling Inc. has announced the signing of two critical agreements with Mel Metal LLC, an Armenian non-ferrous scrap recycling company, to license its technology and battery recycling equipment to expand its operations in Armenia and Georgia. These agreements are part of Ace's strategy to generate revenue efficiently and establish its recycling solutions in the Southern Caucasus, using Armenia as a launching point for further expansion into Europe. Ace's technology includes the GRE...

Qatar Aviation Services (QAS), in partnership with MATAR and Qatar Science & Technology Park (QSTP) — a member of Qatar Foundation — has initiated the first regional trial of autonomous transportation solutions at Hamad International Airport (DOH) within its airside operations, according to a report published by ZAWYA on Feb 19. The proof-of-concept trials, starting Feb. 16, involve the use of advanced autonomous vehicles including a bus and a baggage tractor, featuring tech...

Israel-based extreme fast charging (XFC) battery technology company StoreDot has successfully developed silicon-dominant 4695 cylindrical cells, it announced Jan. 21. The development of cylindrical cells marks a significant breakthrough for StoreDot as it now completes the company’s innovative battery cell lineup. StoreDot’s battery cell lineup spans across extreme fast-charging cells in all major electric vehicle battery formats, including pouch, prismatic and now, cylindrical....

Kodal Minerals, a mineral exploration and development company, has announced the production of the first spodumene concentrate at its fully-funded Bougouni Lithium Project in southern Mali, which marks a significant milestone during the commissioning of the dense media separation (DMS) processing plant. The first round of production yielded spodumene concentrate with a lithium oxide (Li2O) grade of 5.53%, achieved ahead of schedule and in line with the planned production profile, signaling su...

Innoviz Technologies Ltd., a tier 1 direct supplier of high-performance, automotive-grade Lidar sensors and perception software, based in Tel Aviv, Israel, announced a strategic optimization of its operations aimed at extending its cash runway and hastening progress toward profitability and free cash flow generation. The company intends to implement these realignment actions during the first half of 2025, projecting to reduce cash outlays by approximately $12 million annually. This strategi...

Continental has appointed Nino Romano as the new chief technology officer (CTO) of its Automotive Group, which is in the transition phase toward becoming an independent publicly listed entity, effective Feb. 1. He succeeded Gilles Mabire who left the German supplier in November 2024. Romano has been associated with Continental for more than 30 years. Prior to the latest promotion, he was serving as the head of Quality and Operations. Romano has also been a member of the Automotive manage...

Zeekr, the electric vehicle brand of Chinese automotive group Zhejiang Geely Holding, has launched an ultrafast-charging network across Israel, China Daily reported Feb. 1. The charging network called Zeekr Power is brand agnostic and can be used by EV owners of other brands. Zeekr EV owners will pay a reduced rate for charging. The charging will be done with a dedicated Zeekr chip or via an app.    Zeekr entered the Israeli automotive market in 2024. The company offers two EV ...

As reported in a press release Jan. 21, Xiaomi Auto, a subsidiary of the Chinese electronics conglomerate Xiaomi, has announced a recall of approximately 31,000 of its SU7 standard edition electric vehicles due to issues with the autonomous parking feature. The recall, filed with China's State Administration for Market Regulation, affects SU7 standard models produced between Feb. 6, 2024, and Nov. 26, 2024. This does not impact other versions of the SU7. The cause of the recall is identified as ...

Ace Green Recycling Inc., known for its sustainable battery recycling technology, has entered into a strategic partnership with Spiro, Africa's largest electric vehicle company, to support the circular battery value chain in Africa. This collaboration will involve Ace recycling Spiro's end-of-life lithium-ion batteries, including lithium iron phosphate (LFP) batteries, and waste from Spiro's battery manufacturing operations. As part of the agreement, Spiro has designated Ace its exclusive glo...

Aramco, one of the world’s leading integrated energy and chemicals companies, and Ma’aden, the largest multi-commodity mining and metals company in the Middle East and North Africa region, have signed a non-binding Heads of Terms, which envisages the formation of a minerals exploration and mining joint venture (JV) in the Kingdom of Saudi Arabia, Aramco announced on January 15. The proposed JV would focus on energy transition minerals, including extracting lithium from high concentration ...

As reported in a press release on Jan. 16, NXP Semiconductors has announced a significant boost to its research, development and innovation (RDI) efforts through a €1 billion loan from the European Investment Bank (EIB). This loan, carrying an interest rate of approximately 4.75% and a duration of six years, is designated to support NXP's RDI investments across Europe, specifically in Austria, France, Germany, the Netherlands and Romania until 2026. Aimed at advancing semiconductor solution...

According to a press release on Jan. 1, Weebit Nano, a memory technologies developer and licensor, has entered into a licensing agreement with Onsemi, a tier 1 semiconductor supplier. This partnership involves the integration of Weebit Nano's resistive random access memory (ReRAM or RRAM) technology into Onsemi's Treo platform. This integration aims to enhance the platform with embedded non-volatile memory (NVM) capabilities. The unique collaboration leverages Weebit ReRAM's integration into a B...

MG Motor, a subsidiary of mainland China-based SAIC Motor, plans to locally produce cars in Egypt as part of its global expansion strategy, according to a news report published by CnEVPost on Dec. 31, 2024. The news comes soon after MG Motor had signed a strategic technical agreement with Egyptian multinational conglomerate Mansour Group on Dec. 29, 2024. The report mentioned that the carmaker aims to produce the new-generation MG5 model in an all-new production facility that will belong to t...

Foresight, an Israel company specializing in 3D perception systems, has entered into a strategic cooperation agreement with 7meerkat, a South Korean provider of next-generation parking and city management systems, and KONEC, a prominent South Korean tier 1 automotive supplier. Announced on Dec. 4, 2024, this collaborative effort aims to develop and commercialize AI-powered solutions to revolutionize urban parking by making it more efficient, intelligent and user-friendly. The partnership inte...

Ganfeng Lithium has successfully started production at its newly completed lithium processing plant in Mali, overcoming numerous challenges such as a new stringent mining code, security concerns and an oversupply in the lithium market. The project, situated in the Goulamina lithium mine in the southern Bougouni region, represents a significant achievement with its first phase already operational as of mid-December 2024. This phase boasts an annual production capacity of 506,000 metric to...

Mansour Group and SAIC Motor will establish a $135 million automotive manufacturing plant in Egypt, specifically in New October City, according to a report published by Daily News Egypt on Dec. 29. The partnership involves a technical licensing arrangement for the local production of MG cars and a land allocation agreement for the factory, which will cover 126,000 square meters in an industrial zone. This initiative is part of Egypt's strategy to localize vehicle manufacturing and boost the...

The Dubai Electricity and Water Authority (DEWA) has significantly expanded its electric vehicle charging network, now boasting over 740 EV charging points across Dubai, United Arab Emirates. This expansion is aligned with the UAE's ambitious goal of ensuring 50% of the cars on its roads are electric by 2050. With more than 34,970 EVs registered in the city, DEWA's growing EV charging infrastructure is vital to support the increase in EVs. EV drivers can conveniently locate EV charging statio...

Gotion High-Tech plans to build battery production plants in Slovakia and Morocco as it looks to expand its global manufacturing footprint, according to a news report published by CnEVPost on Dec. 13. Citing an announcement from the company, the report mentioned that it plans to build a battery production site in Slovakia and in Morocco with a total investment of about €2.5 billion. It stated that Gotion plans to invest about €1.2 billion to build a 20-GWh gigafactory in Slovakia. Th...

Cipia will present advanced infrared (IR) and radar sensor fusion at the upcoming Consumer Electronics Show (CES) 2025, scheduled to be held Jan. 7–10 in Las Vegas. The Israel-based company will demonstrate how the seamless integration of radar and IR sensors advances in-cabin safety and the driving experience. This integration aims to bring a new level of precision and intelligence to in-cabin monitoring by utilizing the strengths of both radar and IR technologies. By processing data from ...

PlaxidityX has entered a collaboration with Marquardt, a supplier of mechatronics systems for the automotive industry, to enhance Marquardt’s existing cybersecurity capabilities. The collaboration comes at a crucial time when automakers are facing unprecedented exposure to cybersecurity risks amid rising focus on connectivity and software-defined vehicles (SDVs). New cybersecurity regulations such as ISO/SAE 21434 and UNECE R155 necessitate original equipment manufacturers to continuously moni...

Shanghai-based electric-car maker Nio has opened its first Nio House in the United Arab Emirates, according to a news report published by CnEVPost on Nov. 29. The development marks Nio’s efforts to begin establishing its consumer touchpoints in the UAE, including its service network in the region. The newly opened Nio House in Abu Dhabi, UAE, is Nio’s first such facility in the Middle East and North Africa (MENA) region. The facility, which is located on Al Maryah Island in the he...

Innoviz Technologies has reported third-quarter 2024 revenue at $4.5 million, an increase from $3.5 million in the same quarter the previous year. Operating expenses in the third quarter of 2024 were $26.0 million, a decrease of 6.4% from $27.8 million in the third quarter of 2023. Operating expenses for the third quarter of 2024 included $4.2 million of share-based compensation compared to $5.0 million in the third quarter of 2023. In the third quart...

Mainland Chinese battery manufacturer Gotion High-tech has secured $280 million in new funding for its planned battery project in Morocco, according to a news report published by CnEVPost on Nov. 14. On Nov. 13, Gotion signed a memorandum of understanding (MOU) with Moroccan investment agency CDG Group, which plans to invest $280 million in the first phase of Gotion's Morocco-based battery project, the report said, citing a press note issued by the company on Wednesday (Nov. 13). According...

Winbond Electronics, a provider of semiconductor memory solutions based in Taichung, Taiwan, announced its latest advancements in LPDDR4/4X DRAM products designed for the automotive sector on Nov. 12. These products are tailored for modern automotive applications, offering improvements in power efficiency and performance, and contributing to carbon reduction efforts.  These advancements are particularly pertinent as the automotive industry moves toward more sustainable electric and hybri...

Ceer, a Saudi Arabia-based electric vehicle joint venture between the Public Investment Fund (PIF) and Hon Hai Precision Industry Co. (Foxconn), has forged a partnership with Rimac Technology to acquire high-performance, fully integrated electric drive systems (EDS) for its forthcoming flagship EV range. This collaboration marks Ceer as the first entity in the Gulf Cooperation Council (GCC) to engage with Rimac Technology, aiming to equip its flagship vehicles with advanced EDS. James DeLuca,...

AVL Software and Functions, a branch of AVL List specializing in software and e-drive development, and PlaxidityX (formerly known as Argus Cyber Security), a specialist in automotive cybersecurity, have announced a partnership to enhance vehicle safety against cyberattacks. This collaboration will see PlaxidityX's advanced intrusion detection and prevention systems (IDPS) integrated into AVL's Ajunic electronic control unit (ECU) solution, addressing the rising need for in-vehicle protection ...

Denso has entered into collaboration with T-Hub, a startup incubator based in Hyderabad, India, to work with automotive startups on advanced mobility solutions, as reported by THG PUBLISHING on Nov. 6. The partnership, formalized through a memorandum of understanding (MOU) signing in the presence of Industries and IT Minister D. Sridhar Babu will see Denso engaging with India's innovative automotive startups via T-Hub's T-Connect platform. The collaboration aims to generate new ideas a...

Israeli wireless charging solutions provider Electreon has signed an agreement with TransIsrael, a Ministry of Transport agency, to build an advanced electric road system (ERS) on Haifa’s bus rapid transit (BRT) lines, according to a news report published by Sustainable Bus on Nov. 5. The project aims to provide dynamic and stationary wireless charging along dedicated bus routes in the port city, marking a change from the use of overnight depot charging, it said, adding that the use of wire...

As reported in a press release on Nov. 4, Opus IVS has announced a new partnership with Elitek Vehicle Services, a subsidiary of LKQ Co., to enhance Elitek's service offering by integrating Opus IVS' Advanced Driver Assistance Systems Mapping (ADAS MAP) solution into its array of services. The integration aims to provide Elitek's clientele with top-tier ADAS diagnostics and calibration services, thereby improving the quality and efficiency of vehicle repairs. The partnership is notable for of...

BAIC, a mainland China-based vehicle manufacturer, has partnered with Alkan Auto Co. to set up a manufacturing facility in Egypt to produce electric vehicles. The new 120,000-square-meter facility is expected to become operational by the end of 2025. The facility will produce 20,000 EVs in the first year of operations, with aspirations to elevate this figure to 50,000 units by the fifth year. This development is seen as a strategic move to cater to the increasing demand for EVs in Egypt and t...

Piedmont Lithium, recognized as a significant North American supplier of lithium products essential for the US electric vehicle supply chain, has announced a substantial development in its operations. The company shared news that the Minerals Commission of Ghana granted a Mine Operating Permit for the Ewoyaa Lithium Project in Ghana. This project, a collaborative effort with Atlantic Lithium Ltd., represents a strategic move in enhancing lithium supply for EV manufacturing. The acquisition of...

Chinese electric-car maker Nio has partnered with Abu Dhabi, United Arab Emirates-based CYVN Holdings, which is also a leading investor in the company, to launch a joint venture named Nio MENA, the company announced Oct. 4. The collaboration will mark Nio’s entry into the Middle East and North Africa (MENA) markets as part of the company’s global expansion strategy. Tapping into the MENA region, Nio aims to introduce its cutting-edge electric vehicle solutions to more users and contribute...

According to a press release on Sept. 24, Autobrains announced the launch of Air2Road, a localization technology aimed at enhancing the performance of advanced driver assistance systems and autonomous driving solutions. The technology, rooted in Autobrains' Liquid AI Technology, promises real-time, highly accurate vehicle localization capable of operating seamlessly in complex conditions such as occlusions, adverse weather and dense urban settings by combining aerial with ground images for super...

Marquardt has announced the opening of a new production facility in El Fejja, Tunisia, the Germany-based mechatronics specialist said in a press release on Sept. 26. This facility represents a significant advancement in Marquardt's expansion in North Africa, focusing on the manufacturing of innovative control panels for premium vehicle interiors. The company has invested over €50 million in the new building, machinery and equipment at the plant. With this expansion, Marquardt aims to generate ...

As reported in a press release on Sept. 24, WeRide and Uber Technologies have declared a strategic collaboration aimed at integrating WeRide's autonomous vehicles into the Uber platform, commencing in the United Arab Emirates. The venture is set to initially roll out in Abu Dhabi within the year, marking a significant milestone by introducing a select number of WeRide vehicles for Uber app users in the region. The initiative offers riders the possibility of being matched with a WeRide autonom...

Chinese electric-vehicle maker Xpeng Motors has signed an agreement with Pioneer Motors, a subsidiary of Qatar's Almana Group, designating the latter as the exclusive distributor for Qatar, the company announced Sept. 13. The move marks a significant milestone in Xpeng’s accelerated global expansion strategy, following its entry into the European, Middle Eastern, Asia-Pacific and African markets. The carmaker plans to launch the Xpeng G6, G9 and P7 models in the Qatari market by the...

As reported in a press release on Sept. 17, 2024, Valens Semiconductor announced it had secured three automotive design wins for its VA7000 MIPI A-PHY chipsets from leading European original equipment manufacturers, marking a significant achievement in high-performance connectivity. These OEMs plan to incorporate Valens' chipsets in their vehicle models slated for production in 2026, projecting to manufacture around 500,000 vehicles per year. Valens anticipates these contracts to generate ove...

Piedmont Lithium, recognized as a significant North American supplier of lithium products essential to the US electric vehicle supply chain, has announced that the Environmental Protection Agency (EPA) of Ghana has issued an environmental permit (EPA Permit) for the Ewoyaa Lithium Project located in Ghana. This project is a collaborative development effort with Atlantic Lithium Ltd., with Piedmont Lithium having exercised an option to acquire a 22.5% interest in the Ewoyaa project in August 2023...

REE Automotive, an Israel-based provider of full by-wire electric trucks and platforms, has entered a strategic partnership with India-based auto parts supplier, Motherson Group, the company said in a press release on Sept. 16. Under the agreement, Motherson will manage the sourcing and supply chain of all production parts and support assembly of the REEcorner and REEP7 medium-duty electric truck. Separately, REE has raised over $45 million in a fresh funding by selling 11 million shares at t...

Alcoa, a leading global industry entity in bauxite, alumina and aluminum products, has reached an agreement to sell its 25.1% stake in the Ma'aden Joint Venture to the Saudi Arabian Mining Co. (Ma'aden) for a total of approximately $1.1 billion. This transaction comprises around 86 million shares of Ma'aden, valued at $950 million, and $150 million in cash. The completion of this transaction is contingent upon regulatory approvals, the endorsement of Ma'aden's shareholders and other stan...

According to a press release on Sept. 1, Leoni announced that it has developed a wiring system for the next generation of commercial vehicles and is advancing the industry toward more sustainable and networked mobility. These systems, described as the "nervous system" of commercial vehicles by Walter Glück, chief technology officer of Leoni's Wiring Systems Division (WSD), not only offer improved performance but also lower production costs through customized solutions. These benefits ex...

StoreDot, a leader in extreme fast charging (XFC) silicon battery technology for electric vehicles, has announced a significant breakthrough in EV battery technology. The company said that its prismatic battery cell can now charge from 10% to 80% state-of-charge (SoC) in just 10 minutes without harming the battery's health or range. This development addresses a major obstacle to the widespread adoption of EVs by eliminating charging anxiety, a significant concern among potential EV owners. Su...

Posco International has signed a $40 million investment contract with Australian mining company Black Rock Mining (BRM) to secure a stable supply of graphite for electric vehicle production, according to a news report published Sept. 3. The agreement was signed at the Korea-Australia Economic Cooperation Committee held at Crown Towers in Perth, Australia, the report said, adding that the investment follows a previous $7.5 million investment by Posco Holdings in BRM, further solidifying the re...

Egypt is set to establish a sizable electric vehicle manufacturing plant, spanning an area of 50,000 square meters, as disclosed by Ayman Ashur, the minister of Higher Education and Scientific Research. This initiative aims to achieve self-sufficiency in electric cars within the nation. Although the exact location of the plant remains unspecified, in his statement, Minister Ashur highlighted the government's efforts to bolster the proportion of local components in these vehicles. Additio...

According to a press release on Aug. 28, Thalia has partnered with Siemens Cre8Ventures Digital Twin Marketplace, aiming to drive innovation and efficiency in the EU's automotive sector, while also supporting the EU Chips Act, which seeks to enhance the region's semiconductor capabilities. Thalia specializes in analog mixed-signal design migration, intellectual property (IP) reuse and design automation. The company's proprietary IP reuse platform, AMALIA, facilitates faster design cycles...

Mainland China's BTR New Material Group is set to invest $363.5 million in Morocco to construct the company's second plant within the Mohammed VI Tangier Tech City. The Shenzhen, mainland China-based company has announced that this new facility will focus on producing 60,000 metric tons of anode materials annually for lithium-ion (Li-ion) batteries, which are essential for the burgeoning electric vehicle market. Additionally, BTR is poised to enter into a significant supply agreement with For...

According to a press release on Aug. 1, Mobileye reported a 3% year-over-year decrease in revenue to $439 million for the second quarter of 2024, attributing the decline to a 10% decrease in EyeQ system-on-chip (SoC)-related revenue, largely due to the use of excess inventory by tier 1 customers. However, there was an 84% increase in revenue compared to the first quarter of 2024, mainly because of reduced inventory consumption by tier 1 customers and a more than 110% increase in the numb...

StoreDot, the Israel-based extreme fast-charging (XFC) battery technology company, expects that its innovative XFC silicon technology will initially debut as a premium offering in high-end electric vehicles, before eventually becoming a mainstream feature required by all EV customers, the company said in a press note on July 24. The company said that customer expectations of shorter charging times and longer driving ranges from their EVs will drive the demand for its XFC battery technology, w...

The European Investment Bank (EIB) has granted a €425 million promotional loan to ZF Friedrichshafen to support the Germany-based supplier's €1.3 billion investment in research and development, according to the company’s press release on July 15. This funding aims to advance innovative technologies in braking and steering systems, particularly focusing on the transition toward software-defined vehicles (SDVs) and enhancing ZF's competitiveness in the evolving mobility sector. ZF, known ...

On July 15, BAIC delivered the first batch of 1,000 BAIC EU5 electric taxis to Dushanbe, Tajikistan, showcasing the commitment of BAIC, a distinguished mainland Chinese automotive brand, and Tajikistan to foster green transportation. This move is a part of the broader Belt and Road Initiative, enhancing the cooperation between the two nations. During the event, Saidzoda Firdavs, deputy mayor of Dushanbe, lauded the strong bilateral relations and collective achievements of mainland China and T...

Guident, an autonomous vehicle tele-operation company based in Boca Raton, FL, has announced an exciting partnership through the Space Florida-Israel Innovation Partnership program. The collaboration aims to utilize cutting-edge low-latency satellite services and AI to improve the safety, reliability and efficiency of autonomous vehicles. The initiative is supported by a grant that will enable the development of an advanced system architecture using non-geostationary satellite technology to enha...

Mining development company Critical Metals has finalized an agreement with Obeikan Group to form a joint venture, Arabian New Energy, to build a large-scale lithium hydroxide processing plant in Saudi Arabia. The plant will process spodumene concentrate produced from the Wolfsberg Lithium Project located in Austria. The incorporation of the equally owned joint venture is awaiting successful registration and approval by Saudi regulatory authorities.  Arabian New Energy will seek to have e...

Cipia, an Israel-based company specializing in AI computer vision in-cabin automotive solutions, has announced that its Driver Sense driver monitoring system (DMS) has been chosen by an unnamed tier 1 supplier for integration into a luxury-car model of a European automaker. This partnership marks Cipia's first design win with this specific automaker, showcasing their growing influence in the automotive sector. Driver Sense will be integrated into the luxury-car model, which is set to enter pr...

Nayax Ltd., a leading global commerce enablement, payments and loyalty platform designed to help merchants scale their business, has launched Nayax EV CloudPay, a cloud-based payments solution to help consumers facilitate payments at electric vehicle charging stations, the company announced July 1. According to Nayax, EV CloudPay allows EV drivers to pay for their charge with a credit card, debit card or mobile wallet via a physical payment processing kiosk that is located on-site at the char...

The Nokian Tyres Romania factory has successfully produced its first tire, marking a significant milestone in the company's expansion plans. Announced in a press release on July 1, 2024, the event signifies the on-schedule progression of the factory located in Oradea, Romania, toward its goal of beginning commercial tire production in early 2025. This achievement follows the factory's groundbreaking in May 2023 and is a testament to the project advancing within budget. Recruitment for the Rom...

Foraying in a new market, BYD, a leading global EV and EV battery maker, has launched five models in Tunisia, according to a news report published by CnEVPost on July 2. BYD’s entry in Tunisia is part of the carmaker’s aggressive global expansion strategy as it races to compete with Tesla in several international markets. BYD’s launch of five EVs in Tunisia features three battery-electric vehicles (BEVs) and two plug-in hybrid electric vehicles (PHEVs), the report said, citing a company...

Hyundai Transys has secured a milestone agreement to supply its innovative integrated electric vehicle drive system (EDS) to Ceer, a Saudi Arabian EV manufacturer backed by the Kingdom's sovereign wealth fund, the Public Investment Fund (PIF). The contract, valued at 3 trillion won (about $2.1 billion), was formalized at Hyundai Transys' headquarters. The company's integrated EDS, pioneering in the EV market, merges a motor, inverter and reduction gear into a single unit. This integration not...

Argus Cyber Security is collaborating with Microsoft to build a next-generation, end-to-end platform for automotive and mobility security, the company said in a press release on June 17. The all-new Argus Vehicle Security Platform combines Argus' automotive cybersecurity portfolio with robust software development and security products from Microsoft. The platform comprises two integrated solutions: Automotive Shift-Left Security and Automotive Security Lifecycle Management to help a...

Chinese battery-maker Gotion High-Tech plans to build an electric vehicle-battery manufacturing plant in Morocco, according to a news report published by CnEVPost on June 7. The report cited Reuters as the original source of this news development. It said that the Volkswagen-backed battery-maker plans to build a gigafactory in Morocco for a total cost of $1.3 billion. It added that the gigafactory announcement from Gotion came on the sidelines of an investment agreement that the company si...

C2A Security and Drivesec have announced a partnership to deliver an end-to-end testing solution based on contextual security data. The collaboration integrates Drivesec's WESETH test automation platform into C2A Security's EVSec Product DevSecOps platform. C2A Security’s EVSec Product DevSecOps platform automates manual processes and enables cross-functional sharing and collaboration between teams, customers and supply chains. It offers full digital twin capabilities of the product an...

Zero Carbon Charge and South Africa’s Free State provincial government has signed a memorandum of understanding to launch a 4.3 billion South African rand ($233.67 million) rollout of a solar-powered, off-grid, ultra-fast electric-vehicle charging network across the country, the company said May 14. The rollout will see the construction of 15 electric passenger vehicle charging stations and seven electric truck charging stations that will be installed by Zero Carbon Charge and Zero Carbon L...

Israel-based cybersecurity specialist C2A Security has established a subsidiary in Germany to support its customers in Europe, the company said in a press release on May 16. The new subsidiary, C2A Security GmbH, aims to enhance support for European customers, expand its local team and position C2A Security for robust growth in the latter half of 2024. C2A Security works with mobility-sector players such as carmakers and tier 1 suppliers to automate product security across the vehicle life cy...

Parkopedia has partnered with electric vehicle charging solutions provider Regeny to provide Middle East drivers with access to charge-point data in their vehicle head units, according to a press release dated May 9. The partnership will initially cover the United Arab Emirates' charging data and later expand to additional markets such as Saudi Arabia, Egypt, Morocco and Jordan. The partnership aims to simplify the process of locating chargers for the rapidly growing number of ...

Pittsburgh Pirates fans can now reserve gameday parking ahead of time through ParkMobile's mobile app and website. ParkMobile, a leading provider of smart parking and mobility solutions, has partnered with the Pirates to offer event parking reservations at PNC Park. Fans can easily reserve a parking space at one of the 1,500 spaces near the ballpark ahead of a game. According to Andy Harman, vice president of Sales at ParkMobile, the partnership aims to make the fan experience more convenient...

BTR New Material Group Co. Ltd., a leading battery material supplier from mainland China, has inked an investment agreement with the Moroccan government to set up a lithium battery ternary cathode material facility in the country, the company announced March 29. The battery material plant in Morocco is part of BTR’s global expansion strategy, which entails building several such facilities to cater to the surging demand for battery materials. Currently, the company is in the midst of bu...

VIA optronics AG and Grupo Antolin-Irausa have unveiled their new Sunrise vehicle cockpit concept at an event in Nuremberg, Germany. The companies have collaborated to design, develop and produce innovative integrated display systems for vehicle interiors, including cockpits, floor consoles, door panels, overhead systems and seat headrests. The Sunrise cockpit concept offers several benefits, including a sleek and minimalist design, integrated displays and smart surfaces, on-demand technologi...

Synopsys has launched a new offering called Black Duck Supply Chain Edition, which provides comprehensive software supply chain security. The new offering combines multiple open source detection technologies, automated third-party software bill of materials (SBOM) analysis, and malware detection to provide a comprehensive view of software risks inherited from open source, third-party, and AI-generated code. The Supply Chain Edition helps development and security teams track their dependencies...

Israel-based extreme fast charging (XFC) battery technology company StoreDot has achieved more than 2,000 consecutive XFC cycles, with the silicon dominant battery cells still maintaining over 80% of their initial capacity, the company announced on April 4. These exceptional results, demonstrating high energy density, are from cells achieving at least 330Wh/kg and 860Wh/L at stack level. The cells were charged consecutively from 10% to 80% in 10 minutes, demonstrating a charge rate of 4.2C, w...

US commercial electric-vehicle maker Canoo Inc. has signed a vehicle sales agreement with Jazeera Paints, a pioneering paint manufacturer in the Gulf Cooperation Council (GCC) and Middle East and North Africa (MENA), Canoo announced April 2. Under the sales agreement, Jazeera Paints will initially purchase 20 EVs from Canoo and integrate them into its fleet in 2024, with the option to expand the purchase up to 180 additional vehicles. According to Canoo, this agreement taps into the Saudi ...

Foresight Autonomous has announced a three-way agreement with Japanese technology and insurance companies for a proof-of-concept project, according to a press release dated April 1. Eye-Net Mobile, a wholly owned subsidiary of Foresight, will integrate its technology with dashcams manufactured by the technology company to assess the benefits of the integration. The goal is to reduce accidents, lower insurance costs and improve road safety by providing drivers with tools that can detect and ad...

Foresight Autonomous Holdings Ltd., an innovator in automotive vision systems, announced that its wholly owned subsidiary, Eye-Net Mobile Ltd. (Eye-Net), has received an additional order for a paid development project from a leading global Japanese vehicle manufacturer, following the successful completion of the first two phases of a paid proof-of-concept (POC) project, according to a press release dated March 19. The company reported that on Feb. 28, 2023, the parties engaged in a paid POC p...

Karamba Security has released XGuard 3.0, an enhanced version of its internet of things product security suite. The latest release introduces distro-agnostic protection for Linux and Android systems, as well as containerized applications. XGuard now offers a wider range of security controls, including enhanced application execution control, device security metrics and event monitoring, and automated application allow-list protection. Additionally, XGuard provides control-flow integrity a...

After a decade of unannounced efforts, Apple has reportedly abandoned Project Titan, its ambitious plan to develop electric vehicles. Initially, the project aimed to create an EV to rival Tesla, later shifting focus toward a self-driving car to compete with Google's Waymo. However, it eventually returned to its original focus: An EV with driving-assistance features. As a result, some of its 2,000 employees will transition to Apple's AI division, though layoffs are expected.  In the lates...

VinCSS Cyber Security Services Joint Stock Co., a leading cybersecurity provider in Vietnam, has announced a joint project with C2A Security, an Israeli automotive cybersecurity solution provider, to integrate C2A Security's automated risk management platform, EVSec, into VinCSS' security platform. The aim of this project is to enhance automation and security in the automotive industry, particularly in compliance with international market standards and regulations. C2A Security's EVSec p...

Saudi Arabia and the United Arab Emirates' national oil companies are planning to extract lithium from brine(s) in their oilfields, according to a news report published by Reuters on March 8. It said that the plan to extract lithium is aligned with the region’s efforts to diversify its economies and position the countries to continue as key suppliers of raw material for battery production. The report stated that other oil companies, including Exxon Mobil and Occidental Petroleum are also pl...

Honda Manufacturing Ghana Limited (HMG), a Honda subsidiary in Ghana, has begun automobile production at its plant in Tema, Ghana. The ceremony was attended by local government representatives, media personnel and Honda executives. HMG is the second Honda automobile production plant in Africa, after a plant in Nigeria. Initially, the plant has an annual production capacity of 500 units, which will produce Honda's HR-V small SUV. Honda aims to expand its business in West Africa, where it is op...