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    US automakers, battery suppliers rationalize excess battery capacity, pivot to energy storage systems
    In December 2025, Ford Motor Co. and SK On announced plans to end their $11.4 billion battery joint venture — BlueOval SK — as part of their broader business overhaul amid a slowdown in demand for battery-electric vehicles (BEVs) and the end of government subsidies under the Inflation Reduction Act (IRA). The decision to cease the battery JV came as the two companies sought to avoid accumulating losses from EV battery operations in a market witnessing policy shifts away from BEVs and to r...
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    European New Car Assessment Program’s button mandate forces a rethink of the digital cockpit
    For more than a decade, the automotive industry followed a clear trajectory: digitize the driving experience, replace physical controls with touchscreens and let software define the cockpit. From 2026, Europe’s most influential vehicle safety assessor will begin to reverse that logic. Under revised protocols, the European New Car Assessment Program (EuroNCAP) will explicitly reward vehicles that provide physical controls for essential driving functions, such as indicators, hazard lights, wi...
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    The evolving landscape of cathode active materials in EVs: Balancing production capacity investments amid oversupply challenges
    Cathode active materials (CAM) form the heart of lithium-ion batteries powering the global electric vehicle boom. These high-value components determine energy density, cost, performance and safety, making CAM production a critical constraint in the supply chain. As EV adoption accelerates worldwide, the CAM market stands at a pivotal juncture. Global production capacity is projected to expand at a robust 11.5% compound annual growth rate (CAGR), surging from 6.7 million metric tons in 2025 to...
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    NHK Spring's April–December 2013 net profit rises 32% y/y
    Japanese auto parts supplier NHK Spring has reported a 32.3% year-on-year (y/y) rise in net profit to JPY21.4bn (USD203.4m) for April–December 2013, reports Dow Jones Institutional News. The company's operating profit likewise grew 31.3% y/y, to JPY28.4bn on sales of JPY417.8bn, up 11.4% y/y. Significance: NHK Spring has been strengthening its geographical presence by forming joint ventures (JVs). For instance, the JV between NHK Spring and Faurecia, called FNK, decided to expand its stak...
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    NHK Spring to invest USD19m to expand US plant
    NHK Spring Precision of America will invest USD19m to expand its operations in Louisville, Kentucky (US), reports Area Development Online. The investment will add 50 employees at the facility. NHK Louisville, a subsidiary of Japan-based NHK Spring, manufactures springs for automobiles, industrial machinery and hard disk drives. The subsidiary currently has more than 80 employees. Construction on a new, 57,000 square foot facility will be completed in the summer of 2013, which will add to the...
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    Latest Joint Ventures
    Supplier JV Partner Location Comment Hyundai Heavy Magna E-Car systems Europe/USA 3 April 2012: Hyundai Heavy Industries (HHI) and Magna E-Car Systems have joined hands to form a joint-venture (JV) for developing lithium-ion batteries targeting the automotive market. Magna E-Car and HHI will have 60:40 stakes in the new JV called MAHY E-CELL. Pierburg Mikuni China 3 April 2012: KSPG Group's subsidiary Pierburg Pump Technology GmbH, Neuss has setup a joint-venture (JV) with Japanes...
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    Faurecia, NHK Spring JV to expand in China, US
    Faurecia NHK (FNK), a joint-venture (JV) between Faurecia and NHK Spring, has decided to expand its stake in the US and China to support Nissan’s operations in the regions, according to a press release by Faurecia. “Faurecia’s automotive seating business expects to be further boosted by the Renault / Nissan global approach and targeting new Nissan ‘Power 88’ opportunities in North America, China, Russia and Brazil,” said Patrick Koller, Executive Vice-President of Faurecia Automotive...
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