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    FISITA World Mobility Conference 2025: Key themes and concerns for the automotive industry
    One thing is abundantly clear after the FISITA World Mobility Conference (WMC) last week. Megatrends impact everything. No longer can chassis development, braking, safety validation and so forth stand alone without impact from the broader drive towards electrification, the AI revolution or SDVs, to name a few.  The event’s sessions gave the impression that electrification is already baked into the industry, particularly in Europe where the debate on (regulation-pushed) direction is ...
    Insights
    Beyond horsepower: Compute becomes the new competitive edge for OEMs
    Automotive compute power is becoming a defining metric of vehicle capability — not just for autonomy, but across cockpit systems, connectivity and life-cycle software deployment. As vehicles transition toward centralized electrical/electronic (E/E) architectures and software-defined platforms, silicon performance is now a core determinant of what a vehicle can do — and how long it will remain competitive in the field. Two metrics have emerged as industry standards for measuring this compu...
    Insights
    Garrett Motion opens Wuhan Innovation Center for zero-emission technology advancement
    Garrett Motion Inc. inaugurated its Wuhan Innovation Center, located within the Garrett Wuhan Plant, to expand its zero-emission research and development capabilities. This center, the second in mainland China after the Shanghai R&D Center, forms a dual innovation hub that promotes turbocharging technologies and zero-emission solutions. The opening of this facility aims to advance Garrett's electrification efforts and enhance its position as a provider of differentiated technology for dec...
    News
    General Motors plans to invest $4 billion on its US manufacturing plants
    US carmaker General Motors (GM) announced that it plans to invest $4 billion over the next two years to boost its domestic production of gasoline-powered and electric vehicles. This investment aims to increase the company's annual domestic vehicle assembly to over 2 million units. GM's announcement follows an earlier plan to invest $888 million in the Tonawanda propulsion plant near Buffalo, New York, to support the development of its next-generation V-8 engine. The new investments will impac...
    News
    Schaeffler India opens fifth powertrain manufacturing plant in Tamil Nadu, India
    Schaeffler India Ltd. inaugurated its fifth manufacturing facility in Shoolagiri, Tamil Nadu, further expanding its presence in India. This new 16,500-square-meter facility will produce both conventional and hybrid powertrain components, such as planetary gear systems and hybrid transmission components. The Shoolagiri plant is part of the first phase of development on a 108,000-square-meter plot, with full production capacity anticipated by the fourth quarter of 2025. This facility is pr...
    News
    Marquardt opens new manufacturing facility in India
    Germany-based mechatronics specialist Marquardt has inaugurated a new manufacturing facility in Talegaon near Pune, India, Autocar Professional reported March 5. The new facility replaces Marquardt's earlier site in Mumbai and is aimed at bolstering the company's manufacturing capabilities, particularly for the Indian automotive industry. It will produce drive authorization systems, gear selector switches and battery management systems (BMS) for electric vehicles. Marquardt has invested ...
    News
    UVeye secures $191 million to bolster AI-driven vehicle inspections
    UVeye, a leading company in AI-driven vehicle inspection technology, has recently announced a substantial funding round amounting to $191 million, elevating its total capital raised to $380.5 million. This funding, a mix of equity and debt, aims to support UVeye's rapid growth in response to the increasing global demand for its innovative vehicle inspection systems. The company is on the verge of scanning 1 million vehicles every month, indicating its strong position in the industry. The fund...
    News
    Eberspaecher opens new facility in Poland for electric-bus systems
    Eberspaecher has inaugurated a new production facility in Przylesie, Poland, for manufacturing thermal management systems for electric city buses and coaches, the company announced in a press release on Dec. 17. The plant, which spans 12,500 square meters, will engage in the series production of the AC138 EVO thermal management system. This new system caters to electric city buses and coaches from leading international manufacturers, with an annual production target of up to 20,000 syste...
    News
    Dawoon Refrigeration invests in new production facility in Mexico
    Dawoon Refrigeration, a subsidiary of South Korea-based Dawoon Group, has established a manufacturing plant in Apodaca, Nuevo Leon, Mexico, according to a report by a website, Cluster Industrial. The South Korean company invested $18 million in its first plant in Mexico that will generate 100 direct jobs. The manufacturing plant will produce automotive cooling systems.  Dawoon Refrigeration supplies air intake systems, engine air filters, air-conditioning hose and tubing systems. The com...
    News
    Hanon Systems opens new plant in Ontario for EV component production
    Hanon Systems, a global automotive thermal management supplier, announced the establishment of a new plant in Woodbridge, Ontario, marking an expansion of its manufacturing capabilities in North America. Slated to begin production in the first half of 2025, the new facility is set to enhance the company's production of key electric vehicle components, such as electric scroll compressors vital for thermal management in hybrid and battery-electric vehicles. Spanning approximately 284,200 square...
    News
    Denso expands operations in Athens, Tenn., adding 200 new jobs
    In a press release dated Oct. 24, Denso announced the expansion of its manufacturing operations in Athens, Tenn. This development includes a significant addition of 54,560 square feet of new production space alongside renovations to the existing facilities. Through this project, Denso plans to introduce 200 new jobs into the Athens location and commit an investment of $100 million, reinforcing its position as McMinn County's largest employer. The latest expansion enables the Athens facility t...
    News
    Hanon Systems secures 600 billion won investment from Hankook Tire
    Hanon Systems, a global provider of automotive thermal energy management solutions, announced an expansion of its third-party allotment capital increase initially disclosed on May 3. With revised terms, the company plans to issue approximately 145 million shares at 4,139 won (about $3.15) each, raising a total of 600 billion won, exclusively funded by Hankook Tire & Technology. This adjustment increases the initial capital from 365.1 billion won to 600 billion won. The capital raised will...
    News
    White House selects Monroe Capital to launch Drive Forward Fund for US automotive supplier industry
    The White House has selected Monroe Capital to launch a dedicated fund to help automotive suppliers in the US. The Drive Forward Fund will aim to raise up to $1 billion to invest in small and medium-sized companies that play a pivotal role in fueling growth and innovation in the US automotive industry. The Drive Forward Fund will target suppliers and manufacturers including those offering software as a service (SaaS) and other technological solutions catered to the automotive sector. Beyond i...
    News
    2024 CEO Investor Day: Hyundai to double hybrid line up, expedite development of next generation batteries
    South Korean carmaker Hyundai Motor Co. plans to develop new hybrid powertrain technologies and deepen its future hybrid model pipeline in response to the decline in the global demand for battery-electric vehicles. At the 2024 CEO Investor Day held in Seoul on Aug. 28, Hyundai detailed its all-new ‘Hyundai Way’ strategy, which essentially entails responding to the dynamic market conditions. The ‘Hyundai Way’ strategy is split into three focus areas – namely Hyundai Dynamic Capabilit...
    Briefing
    TI Fluid Systems opens e-Mobility Innovation Center in Auburn Hills, Mich.
    TI Fluid Systems has inaugurated its new e-Mobility Innovation Center (eMIC) in Auburn Hills, Mich., designed to enhance customer collaboration and accelerate the development of thermal management systems for electric vehicles, including hybrid, plug-in hybrid and battery-electric variants. Equipped to support the shift toward zero-emission vehicles (ZEVs), the Auburn Hills eMIC features advanced equipment for rapid prototyping, including 3D printing and injection molding, alongside two vehic...
    News
    Carrar raises $5.3 million to deliver commercial battery modules for EVs
    Carrar, a provider of battery modules and thermal management systems for electric vehicles (EVs), has closed its $5.3 million Series A funding round. The round included new investors Salida B.V. OurCrowd, and NextGear, and current investors Gentherm, Next Leap Ventures, Dive Digital, and others, according to press release on April 9. Carrar's battery modules and thermal management systems dissipate twice the amount of heat of existing solutions, increasing battery lifespan three-fold, and imp...
    News
    Hanon Systems invests €117 million in Hungary, creating 250 jobs
    Hanon Systems, a leading Korean automotive thermal solution supplier, has announced an investment of €117 million to develop three of its sites in Hungary, creating 250 new jobs and launching a comprehensive training program, a press release from the Hungarian Investment Promotion Agency dated Dec 18. The investments will take place in Székesfehérvár, Pécs, and Rétság, to expand the company's manufacturing capacities for electric vehicle (EV) thermo parts and integrate digital technol...
    News
    Rane Madras to establish manufacturing plant in Mexico
    Rane Madras will invest $31 million in Aguascalientes, Mexico, to set up operations in the country, according to a report by Mexico Now on Dec. 4. The investment is likely to generate over 300 jobs. The Indian company will set up its first plant in Mexico. Rane Madras will make an initial investment of $5 million, with a final projection set to rise to $31 million. Rane Madras specializes in the manufacture and distribution of steering and suspension systems, as well as other auto parts. The ...
    News
    Jaguar Land Rover unveils a £250 million EV testing facility in Coventry, UK
    Tata Motors-owned British luxury-car brand Jaguar Land Rover (JLR) has unveiled an all-new £250 million state-of-the-art electric vehicle testing facility — Future Energy Lab — at JLR's Whitley Engineering Center in Coventry, UK, the company announced October 23. The new facility, which is spread over an area of 30,000 square meters, is home to more than £40 million worth of technological innovation, the company said, adding that the Future Energy Lab will help JLR in paving the way for...
    News
    Denso to invest $63 million in Michigan, US, thermal plant
    Japanese supplier Denso announced an investment of $63 million in its Battle Creek, Mich., thermal manufacturing facility to retool production lines, accommodating product offerings that will support the electrification of vehicles in the years ahead, a company press release said on September 8. The announcement came on the second day of Michigan Governor Gretchen Whitmer's visit to Japan. The governor announced the project win at Denso's Global Headquarters in Japan as part of her effor...
    News
    Hyundai Polytech plans to invest $20 million in Mexico
    South Korean tier 1 auto-component maker, Hyundai Polytech, said it will invest about $20 million in the construction of a plant in Zacatecas, Mexico. Kwang Shik Kim, chairman of the board of Hyundai Polytech, signed a letter of intent which said it will produce plastic-injection parts for suspensions, sensors, motors and electrical systems, to supply large automotive manufacturers such as Kia and Hyundai, among others, Mexico Now reported August 30. The new investment has the po...
    News
    Denso announces a fresh investment of $13 million in its Mexico factory
    Denso Corp., part of the Toyota Group that manufactures cooling, air-conditioning and windshield-wiper systems is planning to expand its operations at its plant in Guanajuato Puerto Interior, part of the municipality of Silao, Mexico, with an additional investment of $13 million, Mexico Now reported June 12. The proposed investment is the fourth expansion by the company and is likely to generate nearly 450 jobs. From this plant, Denso serves key customers such as Toyota...
    News
    Dana announces €96 million investment in Hungary plant to meet the growing demand for EVs
    To cater to the growing demand for electric vehicles, US-based Dana has launched two projects to expand its operation in the northwest Hungarian city Győr. The leading auto parts manufacturer plans an investment of €96 million to expand production capacities primarily to meet the growing demand for EVs, according to a press release by Hungarian Investment Promotion Agency dated June 6. Dana will launch two large-scale developments. Under a €69.5 million project, it is going to exten...
    News
    Backed by strong products, Kia increases its 2030 EV sales target by 33%
    South Korean carmaker Kia Corporation has revised its medium-to-long-term business strategy with a focus on increasing the previous sales targets for calendar year 2030, the company announced on the sidelines of the Kia CEO Investor Day event on April 5 in Seoul, South Korea. Kia’s revised 2030 annual sales target is 4.3 million units, which includes the increased proportion of electrified car sales to 55% or 2.38 million units. “This is an increase of 7.5% or 300,000 units...
    News
    Ford plans to build its second-generation electric truck at the upcoming BlueOval City campus
    Ford Motor Company announced on March 24 that it plans to produce its second-generation electric truck, code named Project T3, at its upcoming manufacturing site at BlueOval City in Tennessee, US. With construction on track, the planned electric vehicle (EV) and battery manufacturing facility is scheduled to begin production operations in 2025 and will be capable of rolling out 500,000 EV trucks a year at full production. “With its F-150 Lightning, Ford already has shifted people...
    News
    Toyota selects Turkey plant to produce PHEVs, batteries in Europe
    Japanese automaker Toyota’s European arm said on 30 January 2023 that the company plans to produce the second-generation Toyota C-HR at Toyota Motor Manufacturing Turkey (TMMT) in Sakarya, Turkey. In addition, TMMT will be Toyota’s first European plant to start producing plug-in hybrid vehicles (PHEVs), and the first to be equipped with a battery production line. TMMT is slated to produce the Toyota C-HR in hybrid as well as PHEV versions, which will make the model first PHEV passeng...
    News
    Chinese EV maker BYD to set up auto component manufacturing plant in Vietnam
    Chinese electric vehicle (EV) maker BYD Auto Co plans to set up an automotive component manufacturing facility in Vietnam, according to a news report published by the news agency Reuters on 13 January 2023. The news report cited three people aware of the company plans. The report said that BYD’s plan of setting up an auto parts manufacturing plant in Vietnam is part of its larger strategy to diversify from China and deepen its supply chain footprints in the emerging Southeast Asian markets ...
    News
    Mahindra & Mahindra to invest USD1.2 billion on setting up an EV plant in Pune, India
    India’s leading sport utility vehicle (SUV) manufacturer Mahindra & Mahindra Ltd. (M&M) plans to invest INR100 billion (USD1.2 billion) on setting up an electric vehicle (EV) production facility in Pune, India, the company announced on 14 December 2022. The investment plan has also been approved under the Maharashtra Government’s industrial promotion scheme for EVs, M&M said in its official statement Wednesday. The planned investments will be made through M&M’s...
    News
    Volkswagen to invest USD483 million to ramp up EV production capacity at Wolfsburg plant
    Europe’s largest carmaker Volkswagen plans to make an initial investment of about EUR460 million (USD482 million) to ramp up the electric vehicle (EV) manufacturing capacity at its Wolfsburg plant by 2025, the company said on 7 December 2022. The plan was announced by the CEO Thomas Schäfer on Wednesday at an event in Wolfsburg. “The investment is primarily earmarked for preparations to produce the new ID.3,” VW said in a statement Wednesday, adding that the compact elec...
    News
    Great Wall Motor to almost double EV investments in Thailand
    Chinese carmaker Great Wall Motor plans to double its electric vehicle (EV) investments in Thailand as the company looks to expand its operations in the country, according to a news report published by Nikkei Asia on 15 November 2022. Great Wall Motor, which entered the Thai market about two years ago, had invested THB12 billion (over USD 344 million) to set up a plant to produce EVs. The said facility employs more than 3,000 people. Citing Narong Sritalayon, managing director of Great Wal...
    News
    Ford invests over USD182 million at Halewood factory to support EV transition in Europe
    Ford Motor Company plans to invest a total of GBP150 million (over USD182 million) at its Halewood plant in the UK to support its electrification strategy in Europe, the carmaker said on 1 December 2022. The fresh investment entails a further GBP125 million in its Halewood facility, on Merseyside increasing capacity by 70%, and another GBP24 million on supporting E:PRiME product development center, the company said. According to the company, the new commitment takes the total investment in en...
    News
    Schaeffler opens new technology center in Pune to develop solutions for electric mobility
    German auto component major Schaeffler has inaugurated a new center of competence in software and electronics development in Pune, India, the company announced on 28 November 2022. The new technology center will help the company expand its capabilities in the areas of developing software and electronic solutions for electric mobility and chassis applications. Schaeffler said that the newly opened competence center in Pune will be a strategically important part of its strong international rese...
    News
    Mazda announces midterm management policy, to invest USD10.6 billion on EVs
    Announcing its midterm management policy on 22 November 2022, Japanese vehicle manufacturer Mazda Motor Corporation disclosed that it plans to invest USD10.6 billion in developing electric vehicles (EVs). The company said it is also considering investing in battery production. Mazda’s midterm policy entails the vehicle manufacturer’s goals and milestones spread until 2030. One of these goals include Mazda raising its EV sales target to achieve up to 40% of its total global sales by 2030. ...
    News
    BYD plans to invest over USD584 million in setting up EV manufacturing plant in Brazil
    Chinese electric vehicle (EV) maker BYD has signed a letter of intent (LoI) with the Government of the State of Bahia in Brazil to set up an EV manufacturing plant, according to a report published by the Brazilian news portal Automotive Business on 28 October 2022. The report stated that BYD plans to install three new assembly lines at a brownfield facility, which was earlier operated by Ford in Camacari. The Chinese automaker plans to invest BRL3 billion (over USD584 million) at the site, wh...
    News
    DENSO expands manufacturing facility in Guanajuato, Mexico
    Japanese supplier DENSO has inaugurated third expansion at its manufacturing plant in Guanajuato Puerto Interior, Mexico, Mexico Now reported on 26 October. Diego Sinhue Rodríguez Vallejo, The Governor of Guanajuato, said, “Today we can say with pride and satisfaction that Guanajuato is an industrial power, thanks to the cooperative alliances we have built over the years with world-class companies such as DENSO.” Significance: Denso will invest USD9.8 million as part of the expansion ...
    News
    BMW plans to add 8 new EV component production lines by 2024
    German luxury carmaker BMW Group plans to expand the production capacity of electric vehicle (EV) components at its Leipzig-based manufacturing plant, the company said on the sidelines of the Green Day organized at the BMW Group Plant Leipzig on 20 October 2022. To expand capacity, the carmaker plans to add another eight production lines to manufacture EV components at its Leipzig facility by 2024. Over the next year, the plant’s two existing battery module lines will be complemented by a f...
    News
    BMW to invest USD1.7 billion to build EVs in the US, Envision AESC to supply battery cells
    German luxury carmaker BMW Group plans to invest USD1.7 billion to manufacture electric vehicles (EVs) in the US, the company announced on 19 October 2022. “BMW Group Chairman of the Board of Management, Oliver Zipse, announced a USD1.7 billion investment in its US operations, including USD1 billion to prepare for the production of EVs at the company’s existing US manufacturing facility in South Carolina, and USD700 million to build a new high-voltage battery assembly facility in nea...
    News
    Henkel expands EV thermal interface adhesives capacity at South Dakota plant
    German chemical company Henkel announced via press release on 21 September that it had broken ground on a new expansion facility at its thermal interface adhesives plant in Brandon, South Dakota, US. According to the press release, the new USD30-million expansion facility will allow Henkel to increase production of thermal interface materials designed for application in electric vehicle (EV) batteries and electronic components. The adhesives, when applied between heat-generating chips and ...
    News
    Decoding DENSO’s semiconductor strategy
    Japan’s DENSO Corporation, one of the leading global automotive suppliers of powertrain, thermal, and safety systems, recorded a 4.2% year-on-year (y/y) decline in its fiscal year (FY) 2021 revenue, which stood at JPY4,936.7 billion (about USD45.1 billion). The company attributed this year-on-year fall to the significant decline in car sales resulting from COVID-19, followed by the shortages in semiconductors and other raw materials. Yasushi Matsui, CEO at DENSO Corporation, projected in the c...
    Insights
    MAHLE Powertrain invests USD4 million to build new powertrain testing facility in Michigan, US
    MAHLE Powertrain plans to invest USD4 million in setting up a new powertrain testing facility in Plymouth, Michigan, with an intent to help automakers in vehicle development amid the rapid shift to electrified vehicles, the company said on 16 September 2022. The company said that the new powertrain dynamometer facility will be capable of supporting full powertrain development, from the testing and calibration of individual drive components to the complete driveline systems of complex 4WD vehi...
    News
    Brose doubles capacity at its center for measuring electromagnetic compatibility, Würzburg, Germany
    Brose has announced that the company doubled its capacity at the center for measuring electromagnetic compatibility (EMC) with an investment of EUR1.5 million (USD1.49 million) in Würzburg, Germany, it said in a press release on 26 August. Rainer Deboy, Head of Testing Technology Electronics at Brose, said, “For eight years, Brose has been operating an officially accredited EMC test center in Würzburg for these measurements. Following an expansion in 2018, the supplier has now doubled its...
    News
    Škoda Auto plans to launch three new all-electric cars by 2026
    Škoda Auto plans to launch at least three new all-electric models by 2026, the Czech carmaker announced on 30 August 2022. “Škoda Auto will have three new all-electric models on the market as early as 2026, with more to follow,” the company said on the sidelines of unveiling its new brand identity as part of its NEXT LEVEL – ŠKODA STRATEGY 2030. It further said that the Volkswagen-owned brand is targeting contribution of electric vehicle (EV) sales to more than 70% of its o...
    News
    Toyota Motor Corporation lines up USD5.6 billion to produce EV batteries in Japan, US
    Japan’s largest carmaker Toyota Motor Corporation has lined up an investment of JPY730 billion (about USD5.6 billion) for producing electric vehicle (EV) batteries in Japan and the US, the company said on 31 August 2022. The announcement comes at a time when Toyota is looking to put together its battery supplies to support its midterm EV production plan in its home market as well as in the US. “This investment is aimed at enabling Toyota to flexibly meet the needs of its various customers...
    News
    Hyundai Motor plans to accelerate construction of electric car and battery plant in the US
    South Korean carmaker Hyundai Motor Company looks to speed up the construction of its dedicated electric vehicle (EV) plant in the US amid a new US regulation, the Inflation Reduction Act, that excludes all electric cars that are not built in North America from the tax credits, according to a news report published by Yonhap News Agency on 24 August 2022. The news report cited industry sources who are aware of the new developments at Hyundai. Hyundai is looking to start the construction of its...
    News
    BCS Automotive Interface inaugurates new automotive components plant in Mexico
    BCS Automotive Interface Solutions has inaugurated new automotive components facility with an investment of USD60.2 million in the municipality of El Marques, Queretaro, Mexico, Mexico Now reported on 16 August. KK Yuan, CEO of BCS, said, “We currently have potential projects of up to USD2 billion, with a planned investment of USD200 million and the expansion of two additional plants to the current one and create a total of three thousand 600 additional jobs.” Significance: BCS Automot...
    News
    bp to invest over USD61 million in building new battery R&D facility in the UK
    London-based British oil and gas company BP plans to invest up to GBP50 million (over USD61 million) in building an electric vehicle (EV) battery testing center and analytical laboratory, according to a report published by the news website Electrive.com on 1 August 2022. The report stated that the planned EV battery research and development (R&D) facility will be located in Pangbourne, Berkshire, at bp’s existing global headquarters for its Castrol business. It further mentioned...
    News
    Tesla revises investment plan, aims to spend up to USD24 million over three years
    US electric vehicle (EV) maker Tesla is expected to spend between USD6 billion and USD8 billion in 2022, 2023, and 2024, each, as the company looks to ramp up production at its new facilities in Texas and Berlin, a Reuters news report published on 26 July 2022 said. The report said that Tesla Inc has increased its capital spending plan by USD1 billion, citing a regulatory filing by the EV maker on Monday that also disclosed a second subpoena related to chief executive Elon Musk’s go-private...
    News
    Volkswagen begins production of all-electric ID.4 compact SUV at Chattanooga plant in US
    Volkswagen has commenced the production of its all-electric ID.4 compact sport utility vehicle (SUV) in Chattanooga, Tennessee, US, the automaker said on 26 July 2022, adding that the model is VW’s first electric vehicle (EV) assembled in the United States. VW said that the consumers can expect ID.4 EVs to be delivered as early as October 2022. While the EV will be available in either rear-wheel- or all-wheel-drive 82 kWh battery form initially, the carmaker plans to launch a rear-wheel-dri...
    News
    MAHLE Powertrain sets up new vehicle, battery test facilities in Northampton, UK
    MAHLE Powertrain has opened two new R&D facilities in Northampton, UK, further building upon its propulsion engineering capabilities, the company announced on 7 July 2022. It said that the purpose-built facilities allow MAHLE Powertrain to support its customers in the development and research of new vehicles, batteries, and hydrogen technologies. Notably, the new R&D facilities, which would be capable of conducting rigorous tests even under the most extreme simulated environmental con...
    News
    Mercedes-Benz aligns global production network to manufacture luxury EVs
    German luxury carmaker Mercedes-Benz has laid out a detailed plan to align its global production network to manufacture its all-new product portfolio focused on luxury electric vehicles (EVs), the company said in an announcement on 29 June 2022. It is known that Mercedes-Benz plans to go all electric by the end of the decade, wherever market conditions allow, by focusing on three vehicle categories—top-end luxury, core luxury, and entry luxury, as outlined in the company’s Economics of De...
    News
    Volkswagen Group to invest USD2.42 billion on preparing plants in Germany for electrification
    Volkswagen Group announced on 16 June 2022 that the company’s components arm plans to invest EUR2.30 billion (USD2.42 billion) through 2026 in preparing its manufacturing plants in Germany for electrification. “It’s the next step in a transformation process initiated in 2015 that is converting the company into an e-mobility system supplier,” the company said in its official note. The announcement comes soon after the automaker started the production of its ID.Buzz model. As part of...
    News
    Bosch forays into USD14.8 billion hydrogen electrolysis market
    German conglomerate Bosch plans to enter the components business for hydrogen electrolysis and has line up investments to the tune of EUR500 million (USD528 million) in this new area of business by end 2030, the company said on 4 May 2022. It added that half of the earmarked investments would be made by the time of market launch, which is planned for 2025. The company said that it is already supplying the stack, the core of the hydrogen electrolysis system, which combines with power electroni...
    News
    Novares inaugurates new automotive components facility in Mexico
    Plastics supplier Novares has inaugurated its new USD1.75 million site for manufacturing car components at Santa Ana, Sonora, Mexico, according to a press released published by the company on 21 April. Pierre BOULET, Novares CEO, said, “This is a significant investment by Novares in our Mexican production facilities, designed to bring this activity under one roof and concentrate our expertise in one place, optimizing costs and benefits for our customers. The site is 100 km south of the US b...
    News
    Volkswagen transforms Zwickau factory into a dedicated EV production plant
    Transforming its Zwickau-based passenger car production plant in Germany into a dedicated electric vehicle factory, Volkswagen AG has officially started producing its ID.5 and ID.5 GTX models at the site, the company announced on 27 January 2022. VW said that conversion of its Zwickau factory to produce only electric vehicles (EVs) in the future marks world’s first complete transformation of a large-scale car factory that used to manufacture internal combustion engine (ICE) vehicles to a ...
    News
    Renault-Nissan-Mitsubishi announce a shared 2030 roadmap, plan to invest USD25.71 billion
    The Renault-Nissan-Mitsubishi Alliance plans to jointly invest EUR23 billion (USD25.71 billion) over the next five years on developing electric and connected vehicles, the three companies said in a joint announcement on 27 January 2022. Notably, the Alliance has already invested more than EUR10 billion (USD11.18 billion) in developing and manufacturing electric vehicles (EVs). The three companies together operate 15 plants, which already produce parts, motors, and batteries for 10 EV models that...
    News
    Toyota unveils EV battery strategy, plans to invest nearly USD14 billion by 2030
    Unveiling its electric vehicle (EV) battery strategy to the media and investors in a press conference on 7 September, Japanese carmaker Toyota Motor Corporation said that it plans to invest nearly JPY1.5 trillion (USD14 billion) on developing the battery supply chain and research and development (R&D) by 2030. “The amount of investment in the development of a battery supply system and research and development is expected to be approximately JPY1.5 trillion by 2030,” Masahiko Maed...
    News
    Why the Nissan-Envision AESC gigafactory is strategic for UK’s EV battery supply chain
    Unveiling its strategy to put the UK at the center of its electric vehicle (EV) game plan for Europe, Nissan, along with its battery partner Envision AESC, made a crucial announcement on 1 July to jointly invest GBP1 billion (USD1.37 billion) in the northeastern region to set up the country’s first EV ecosystem of such scale. Named EV36Zero, the planned GBP1 billion EV ecosystem involves Nissan investing up to GBP423 million to produce a next-generation electric crossover at its Sunderland ...
    Insights
    Gentherm invests in Israel-based startup Carrar
    Supplier of thermal management systems Gentherm has invested in Israel-based startup Carrar, according to a company press release on 2 June 2021. Gentherm led the Seed funding round in Carrar, which develops advanced thermal management systems for the electric mobility market. “The electric vehicle market is growing rapidly and there is a need to develop safe, fast, and reliable solutions to solve the challenges our customers are facing,” said Phil Eyler, president and CEO, Gentherm. “W...
    News
    Lumax to spend around USD34 million in FY 2021 for two plants in India
    Lumax Group will invest most of its INR2.50 billion (USD34 million) capital expenditure in fiscal 2021 to set up an electronics plant in Haryana and increase capacity at the Sanand plant in Gujarat, India, The Economic Times reported on 13 May, citing PTI. “We have allocated Rs 250 crore (INR2.50 billion) capex this fiscal, some of which is carry-forward from last fiscal because of the lockdowns,” said group chief executive Vineet Sahni, as reported by Economic Times. The greenfield el...
    News
    DuPont to build USD30-million plant for vehicle adhesives in Jiangsu, China
    DuPont has announced that it is investing roughly USD30 million to build a new production facility in mainland China in Zhangjiagang, Jiangsu Province. According to a company press release on 20 April, the new facility will produce adhesives for the transportation industry, to cater to demands for vehicle electrification and lightweighting applications. The company will begin construction in the third quarter of 2021 and expects to be operational by early 2023. DuPont will build the facility at ...
    News
    Continental to expand production operations in Timișoara, Romania
    Germany-based Continental has purchased a new building in Timișoara, Romania to expand operations in the country. According to a company press release on 7 April 2021, the new building includes the production hall and offices located on Otto Rudolf Street, in the Freidorf Timișoara Industrial Park. Continental said that the new building will help expand the internal supply chain and infrastructure, enabling better optimization and harmonization of internal processes related to storage, loca...
    News
    Eberspaecher to open new manufacturing plant in Louisville, Kentucky, US
    Germany-based automotive thermal components supplier, Eberspaecher, has announced that it will be investing USD34.4 million to establish a new manufacturing facility in Louisville, Kentucky, US. According to a press release issued by the Cabinet for Economic Development, Kentucky state, on 29 March, Eberspaecher will occupy over 125,000-square-feet of an existing 314,500-square-feet facility at Greenbelt Highway in the Louisville Riverport. Eberspächer will manufacture exhaust emission ...
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    UK Government to invest over GBP30 million for battery technology, hydrogen vehicles
    On March 30, the UK Government announced a GBP30 million funding in research of battery technology, the electric vehicle (EV) supply chain and hydrogen vehicles. Around GBP9.4 million will be spent on 22 studies to develop innovative automotive technology, including hydrogen vehicles and a lithium extraction plant. The proposal includes a plan to build a plant in Cornwall that will extract lithium for use in EV batteries, a plant to build specialized ...
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    MAHLE plans to more than double actuator production to 6 million units
    MAHLE plans to increase annual production of actuators from a current 2.5 million units to 6 million units by 2025, according to a company press release on 15 March. Significance: MAHLE is one of the world’s largest manufacturers of mechatronic actuators for automotive applications. Particularly in electric vehicles (EVs), these actuators are used to control the transmission and the air conditioning system. Member of the MAHLE Management Board with responsibility for the Electronics and ...
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    Eberspaecher opens plant for exhaust technology in Mexico
    Eberspaecher has opened a new plant for exhaust technology in Ramos Arizpe close to Saltillo, Mexico, the German automotive supplier said in a press release on 5 March 2021. The plant spanning across an area of 21,000 square meters, with about 90% of the total area of the plant dedicated to production and logistics. Around 300 employees are already working at the plant and the headcount will increase to about 500 by mid-2021. “Demand for Eberspaecher’s emission control systems is strong w...
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    Hanon Systems breaks ground on new manufacturing site in South Korea
    Global automotive supplier Hanon Systems has commenced construction on its new plant in Korea, according to a company press release on 1 March 2021. The plant, located in Naengcheon-ri, Oedong-eup, Gyeongju-si, will be built on approximately 33,000-square-meters (approximately 335,000-square-feet) of land. The company expects construction to complete in the second quarter of 2021 with production expected to begin in the third quarter. The plant will make heat pump modules and coolant valve assem...
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    EIB grants USD727 million loan for Valeo’s R&D projects
    France-based automotive components supplier, Valeo, has been granted a loan of EUR600 million (over USD727 million) by the European Investment Bank (EIB) in order to fund its research and development (R&D) projects. According to a press release issued by Valeo on 10 February, these research projects focused on reducing carbon dioxide (CO2) emissions and improving vehicle safety. The funds, of which an initial loan of EUR300 million has just been signed, are to be allocated to Valeo’s Eu...
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    Eberspaecher establishes new subsidiary in Romania for vehicle electronics 
    Eberspaecher has established a new subsidiary in Romania to strengthen its vehicle electronics business, the company said in a press release on 4 February. The unit, called Eberspaecher Controls Ro S.R.L, will primarily focus on control units for electric and autonomous vehicles. “The proportion of electronics in the vehicle is constantly increasing. In particular, Eberspaecher offers products for vehicle electrical system management for highly and fully automated vehicle systems as we...
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    FEV upgrades US vehicle development center with solar simulation system
    Germany-based engine and vehicle technology developer, FEV, has announced that it has upgraded its Vehicle Development Center (VDC) in Auburn Hills, Michigan, US with a solar loading system. According to a press release issued by FEV on 21 January, this upgrade provides FEV comprehensive capabilities to support the development and certification of light-duty and medium-duty vehicles for customers worldwide. FEV now has the ability to perform important regulatory tests, including testin...
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    ElringKlinger to establish new facility in Neuffen, Germany
    German automotive components supplier ElringKlinger AG has announced that it will be setting up a new facility in the town of Neuffen in Germany. According to a press release from ElringKlinger on 7 January, this new location will house the company’s battery technology division and drivetrain division, and future series start-ups for the drivetrain division are also planned for the new location. The move will take place in two steps in 2021 and 2022. The Neuffen location was chose...
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    Gentherm to hire more than 250 workers at Celaya plant in Mexico
    Gentherm, a major player in thermal management technologies for heating, cooling, and temperature control in seats, steering wheels, and cup holders, has announced plans to hire more than 250 workers at its Celaya plant in Mexico, according to a report by Cluster Industrial on 9 December. Significance: Gentherm aims to increase the headcount in Mexico to 1,500 by 2021; the plant currently employs 1,213 people. The Gentherm plant, located in the Amistad Celaya Sur Industrial Park, Guanajuato, ...
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    Turkey-based supplier TEKLAS to open new HQ, manufacturing facility in Georgia, US
    TEKLAS, a global automotive fluid circulation system supplier for major automakers, will invest USD6.5 million in opening its first North American facility and headquarters in Gordon County in the United States, according to a press release on the official website of Georgia Department of Economic Development on 10 November 2020. The 200,000-square-foot facility and headquarters will be located at 320 South Industrial Boulevard in Calhoun, Georgia. The investment is expected to create 120 jobs. ...
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    Sanhua to invest USD180 million in new plant in Mexico
    Sanhua México has announced plans to invest USD180 million to build a new plant in Mexico, according to a report by Mexico Now on 13 November. The new plant will be located in the state of Coahuila and is expected to create 700 jobs. It is scheduled to start production of automotive components at the end of 2021. Significance: Sanhua is a leading provider of thermal management systems and automotive components for leading OEMs. Its key customers include General Motors, Ford, Mercedes-Be...
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    MAHLE establishes global development center for mechatronics in Germany
    German automotive components supplier, MAHLE, has announced that that it has set up a global development center for mechatronics in Kornwestheim, near Stuttgart, Germany. In a press release issued by MAHLE on 8 October, the company stated that it has invested mid-double-digit millions to set up the center. The company had founded a dedicated business unit for electronics and mechatronics at the beginning of this year. MAHLE went on to state that around a hundred engineers will be working at t...
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    Sekisui Polymatech starts production of thermal interface materials for EV in the Netherlands
    Sekisui Polymatech Europe B.V. has started production of thermal interface materials in the Netherlands for automakers, battery manufacturers, and producers of powertrains and chassis components, the company announced in a press release on 23 September. Thermal interface materials are inserted between two components to improve the thermal coupling between them and are generally used for heat dissipation. The plant for thermal interface materials is located in Roermond, the Netherlands. Aiming at...
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    German acoustic solutions supplier Adler Pelzer to build new plant in US state Ohio
    German acoustic solutions supplier Adler Pelzer Group (APG) has announced plans to open a new facility in Northwest Ohio, US, to manufacture automotive thermal components, according to a press release on 8 June on the website of the Regional Growth Partnership Northwest Ohio. The company will invest USD10 million to acquire a 100,000-square-foot facility in Oregon to expand its operations. The expansion is expected to create approximately 80 new jobs, with the future possibility of further ...
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    Marelli to relocate North American headquarters to Southfield, US
    Marelli will relocate its North American headquarters to Southfield, Michigan, US, according to a press release on 9 March 2020. To this end, the company has signed a multiyear lease and will occupy nearly 200,000 square feet of the brownfield site in Southfield, with room to grow. The three-story building, which is undergoing extensive renovations, will house nearly 500 employees, 75 conference rooms, an auditorium, cafeteria, fitness room, and plenty of indoor/outdoor meeting space. Approximat...
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    INVESTMENT: Brose begins construction of new manufacturing plant, development center in Serbia
    Germany-based automotive components supplier Brose recently celebrated the groundbreaking ceremony for its new development and production facility in Serbia. According to a press release issued on 6 March, the company stated that it has laid the foundation stone for this new plant, which will be located in Pančevo, near the Serbian capital city of Belgrade. This new facility will cover an area of 220,000 square metres, and construction is slated for completion by spring 2021. The series manu...
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    MANN+HUMMEL invests in capacity expansion at US production facility
    Germany-based MANN+HUMMEL announced plans to invest USD15 million at its facility in Tennessee, the United States, according to a press release on the official website of Tennessee Department of Economic and Community Development on 10 December. The expansion is expected to create up to 50 jobs at the facility, which currently employs 300 people. MANN+HUMMEL said it will invest in new equipment and building improvements at its Dunlap plant. “When MANN+HUMMEL expanded to the Tennessee Valley...
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    Brose to set up new plant for electric motors and drives in Serbia
    Brose is planning to open a new plant in Serbia to manufacture electric motors and drives, the company announced in a press release on 25 October. Brose will invest EUR180 millions (USD200 million) in the plant, which is expected to create 1,100 new jobs in production, development and administration. The construction will start before the end of the year and the first stage of the plant is scheduled to be completed by 2021. The start of production of drives for cooling fan modules is set for sum...
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    Mitsubishi Heavy Industries Thermal Systems to establish new plant in China to produce electric compressors
    Anticipating rapid growth in the Chinese market for electric vehicles (EVs) and other new energy vehicles (NEVs), Mitsubishi Heavy Industries Thermal Systems has announced its decision to open a new manufacturing facility in the city of Changshu, Jiangsu Province, China. The company provided this information in a press release dated 9th October. This production facility, which is slated to commence operations in 2022, will be involved in the manufacturing of air conditioning units for automot...
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    Denso to expand Japanese plant of Denso Hokkaido to increase production of semiconductor sensors
    Denso Corporation has announced the expansion of Denso Hokkaido’s plants in a bid to increase production of semiconductor sensors and enhance its domestic production system, according to a company press release on 26 September. Denso will invest about JPY11 billion (USD102.7 million) by 2025 for the expansion to increase production. Construction is scheduled to start in July 2020 and to be completed by June 2021. Production is planned to start in stages in October that year. Significance...
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    Webasto opens new plant in China to produce roof systems, electromobility solutions
    Webasto has opened a new plant in the city of Wuhan, Hubei Province in China to produce roof systems, high-voltage heaters and charging solutions, according to a company press release on 7 September. The company has invested EUR50 million in the new plant. The plant has capacities for production of about two million roof systems per year, more than 1.2 million electric heating systems and 600,000 charging stations each year. “Webasto has been the market leader for sunroofs and panorama roof...
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    Röchling Automotive opens new plant in Slovakia
    Röchling Automotive has opened a new production plant in Kočovce in Slovakia, the company announced in a press release on 23 July. The new plant will produce active grille shutters, underbody panels, wheel arch liners and air filters for the global automotive manufacturers including Daimler, Jaguar Land Rover and PSA, according to the press release. The plant is expected to create approximately 80 jobs. The plant spanning  an area of 10,000 square meters provides capacities for a producti...
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    Continental opens new powertrain plant in China
    Continental has opened a new powertrain plant in Wuhu, China, for a variety of drivetrain products, including thermal management components, as well as sensors and actuators for internal combustion engines and new energy vehicles, the company announced on 18 July. Continental has invested EUR28 million (USD31.4 million) in the first phase of the new plant, which has 22 production lines covering an area of 24,000 m2. The plant is expected to generate 600 new jobs. “China is the wor...
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    Behr-Hella Thermocontrol expands production base in Bulgaria
    Behr-Hella Thermocontrol has completed the expansion of its  production base in Bulgaria's Industrial Zone Sofia-Bozhurishte, SeeNews reported on 17 June. The company has invested a total of BGN31.6 million (USD18.1 million) in the expansion. According to the report, the expansion will create 400 additional jobs in Bulgaria by 2022. "The annual production capacity of BHTC in Bulgaria, when we first started in 2015, was 1 million climate control systems for automobiles, and just a few yea...
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    Hanon Systems inaugurates new production facility for thermal management solutions in China
    Hanon Systems has opened a new facility - Chongqing Hanon Jianshe Automotive Thermal Systems Co., Ltd - to produce thermal management solutions in China, according to a company press release on 23 May. The new 38,000 m2 facility will supply variable swashplate compressors and heat pump systems to Changan Automobile, a subsidiary of China South Industries Group Corporation (CSGC). The company also plans to produce heating ventilation and air conditioning (HVAC) modules and powertrain cooling...
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    Magna strengthens presence in China with two new plants
    Canadian automotive supplier Magna has expanded its presence in China by opening two new manufacturing plants, the company said in a press release on 30 April. Magna’s first plant, located in Changsha, started production of composite liftgates for a crossover vehicle; the company has not the disclosed name of its customer. The plant is operated as a joint venture with GAC Component Co, a subsidiary of Chinese automaker GAC. In addition, Magna began production at its second plant, located in Sh...
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    Denso plans expansion at Nuevo Leon plant in Mexico
    Japanese supplier Denso is planning to expand its Apodaca manufacturing plant in Nuevo Leon, Mexico, Automotive News Mexico reported on 11 April. The company has not disclosed the amount of investment but said that the planned expansion will result in 500 new jobs at the plant, which manufactures products such as air conditioning panels and dashboards. The Apodaca plant currently employs more than 4,500 people. According to Shinichi Nakamizo, president of Denso Mexico, the expansion will...
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    Valeo opens R&D test lab facility in India
    Valeo has opened a research and development (R&D) test lab in Chennai, Tamil Nadu (India), ETAuto reported on 18 March. The French automotive supplier invested INR250 million (USD3.6 million) in the 15,000-square feet test lab facility, which is the company’s second R&D unit in Chennai. “The growth potential of the Indian auto sector and the availability of the engineering talent pool, make India a key market for Valeo’s future growth. Started in 2010, the Chennai facility ...
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    LORD Corporation invests USD16 million to expand operations in Germany
    LORD Corporation is planning to invest EUR14 million (USD15.8 million) to expand its operations in Germany, the company announced in a press release on 14 March. LORD Corporation is adding 3,200 square meters of production and office space to the existing plant in Hückelhoven, Germany. The construction of the new facility has started and is expected to start operating mid-2020. The company will manufacture its gap fillers, potting and encapsulants, and thermal adhesives sold under its CoolTherm...
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    FEV opens new Vehicle Development Center in US
    FEV has opened a new Vehicle Development Center (VDC) at its North American Technical Campus in Auburn Hills, United States, the company announced in a press release on earlier this month. FEV has invested USD15 million in the new center which is equipped with emissions chassis dynamometer, cold chamber, soak room and vehicle lab. “At the groundbreaking ceremony, I spoke about how FEV has built its reputation by providing state-of-the-art facilities and engineering services needed to suppor...
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    Thermal Management in FCEVs (Fuel Cell EVs)
    Alternative propulsion is the ‘buzzword’: Gasoline and diesel internal combustion engines (ICE) have enjoyed a duopoly over the global automotive landscape for a greater part of the century due to the sheer convenience, adaptability, and cost-effectiveness of the design as a mass road transport solution. And due to the high stakes involved for all the players invested in the ecosystem, alternatives have remained on the fringes. The design blueprint of the ICE has been continuously updated...
    Insights
    Brose opens new manufacturing plant in China
    Brose opened a new manufacturing plant in Taicang, Jiangsu province (China) late last month, the Germany-based supplier said in a press release last week. The new plant manufactures a diverse range of products, including door systems, seat structures, and motors. The plant will supply its products primarily to automotive customers in the Chinese automotive market. The German supplier had started operations in Taicang three years ago in a small rented production hall. The company expects its n...
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    EDITORIAL – Suppliers expected to increase investments on innovation of new thermal management solutions for e-mobility
    The advent of electrified vehicles (EV) is bringing about massive changes in the value chain of the automotive supplier industry, especially in the powertrain segment. With an electric motor and battery pack powering the vehicle, and no combustion engine to support the cabin heating and cooling functions in a pure EV, the solutions required to keep the powertrain in optimum operating temperatures, and passengers comfortable, also require a complete revamp. Like every change, this too has brought...
    Insights
    Daimler to establish second technology center in China
    Daimler plans to open its second research and development (R&D) center in Beijing, China, to accelerate localization of Mercedes-Benz vehicles produced in the country, the German automaker said in a press release last week. The company will invest CNY1.1 billion (USD160 million) in the new technical center, which is scheduled to start operations in 2020. The center will be located on the premises of the automaker’s engine and vehicle assembly hub in Beijing, operated by Beijing Benz Automo...
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    MAHLE opens new plant in Hungary to produce electric air-conditioning compressors
    MAHLE has opened a new plant in Balassagyarmat, Hungary, to produce electric air conditioning compressors (e-compressors) for international automobile manufacturers, the company announced in a press release late last month. Series production at the plant is scheduled to start in 2019. MAHLE informed that it has already received orders for its e-compressors from several customers. “Electric compressors are of major strategic importance to MAHLE, because they enable us to build on our position a...
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    Hanon Systems invests in solid-state battery company Solid Power
    Hanon Systems has invested in US-based solid-state battery technology company Solid Power, the South Korea-based automotive supplier announced in a press release on 23 October. The investment is part of a special-purpose vehicle initiated by Volta Energy Technologies, which specializes in identifying and investing in breakthrough energy technology by bringing together investors with complementary strategic interests, and validating the technologies through leading institutions including Argonne ...
    News
    Toyota Boshoku relocates production of vehicle filter components in China
    Toyota Boshoku has relocated production of automotive filter components, including air cleaner and cabin air filter, in China, according to a press release yesterday (23 October). The company has relocated its production at Tianjin Toyota Boshoku Automotive Parts Co., Ltd. (Tianjin, China) to a new site in Tianjin in China. Toyota Boshoku launched the operation at the new Chinese plant in October 2018. Significance: The production area of the new Chinese location is 1.5 times bigger than the ...
    News
    Continental opens in new hose plants in China
    Continental has officially opened a new hose plant in Qingdao, in China’s Shandong Province, the Germany-based automotive supplier said in a press release on 18 October. The company invested CNY240 million (USD34.6 million) in the new plant, which is spread over an area of 84,000 square meters in the Qingdao Sino-German Ecopark. The plant produces advanced hose products and mobile fuel system solutions for passenger cars and commercial vehicles. “Thanks to the cooperation opportunity crea...
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    Growing importance of battery cooling in full hybrid and electric vehicles and the longer-term prospect for further trend disruption.
    While it is inevitable that powertrain migration from an ICE to EV will be the endgame to meet the increasingly stringent regulations, the consensus in the industry is that talk about the complete demise of ICE technology is somewhat premature. The IHS Markit forecast indicates that one in five vehicles by 2025 will be either a BEV or full HEV. A significant portion of the APV numbers will be made up of full HEVs, meaning ICE technology will continue to find application, although the ICE fitted ...
    Insights
    Autoneum opens two new manufacturing plants in China
    Autoneum is opening two new manufacturing plants in China, located in Pinghu, Zhejiang Province and in Shenyang Tiexi, Liaoning Province, according to a press release yesterday (13 September). The company opened its plant in Pinghu on 12 September while its  other plant in Shenyang Tiexi is already in the ramp-up phase. Autoneum expects to start series production of lightweight multifunctional components for noise and heat protection at both plants in the next few days. The company’s 9...
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