Volvo raising the bar for electric trucks
Amid a mood of cautious optimism, the launch of Volvo’s new FH Electric truck in 2025 is set to mark a milestone in the Swedish giant’s development with the market in need of a timely boost.
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NEO Battery Materials and specialty automotive battery cell manufacturer sign JDA
Canadian NEO Battery Materials Ltd., a low-cost silicon anode materials developer that enables longer-running, rapid-charging lithium-ion batteries, announced the joint development agreement with a North American battery cell manufacturer.
Kitron to expand factory in Swedish Jönköping
Hailing from the 1960's, the Norwegian Kitron informed about the expansion of the factory in Jönköping, in the south of Sweden. Thanks to the investment, the factory will get approximately 6000 square meters and will be completed during the second half of 2025.
Ericsson will not proceed investment in Estonia
In June 2023, Ericsson announced that it would invest 155 million euros to build a next-generation smart manufacturing and technology hub in Tallinn, Estonia. But now it turns out that the Swedish company is abandoning its plans.
Gentex to acquire VOXX International
Gentex Corporation, an automotive technologies supplier, has entered into a definitive agreement and plan of merger to acquire VOXX International, a distributor of automotive and consumer technologies, in an all-cash transaction.
Kitron secures $5M defense contract for U.S. Army
EMS provider Kitron has been awarded a defense contract to produce custom electronics for the U.S. Army. The order has an annual value of over USD 5 million, with a potential extension for an additional two years.
Manz AG to file for insolvency amid financial crisis
German engineering company Manz AG has announced plans to file for insolvency due to severe financial challenges. The company cited illiquidity and over-indebtedness as reasons for the decision.
ABB to acquire power electronics business of Gamesa Electric
ABB has signed an agreement to acquire the power electronics business of Gamesa Electric in Spain from Siemens Gamesa.
Mycronic receives order for an SLX mask writer
Swedish high-tech company Mycronic says it has received an order for an SLX mask writer from an existing customer in Asia.
Dixon and vivo India plans manufacturing joint venture
Indian EMS provider Dixon Technologies is teaming up with an Indian subsidiary of Chinese smartphone maker vivo to form a joint venture that will manufacture electronic devices – including smartphones.
Chinese DBG Technology to acquire France’s ALL Circuits
Chinese EMS provider DGB Technology is poised to acquire ALL Circuits, creating a global footprint with manufacturing operations on four continents.
Suchi Semicon to invest $100 million in Gujarat OSAT plant
The plant, with an initial area of 30,000 square feet, will provide essential assembly, testing and packaging services for semiconductor components.
Fujifilm ramps up production in Korean chip material plant
The Japanese company is planning a new building at its Cheonan plant for the production of CMP slurry, an abrasive powder used for polishing semiconductor wafers, according to Nikkei.
Gotion plans to set up battery plants in Slovakia, Morocco
The total investment by Chinese battery maker Gotion in the facility in Surany, Slovakia, is expected to be around 1.3 billion euros, with an annual capacity of 20 GWh of lithium batteries.
Quobly and STMicroelectronics established cooperation
Quobly and STMicroelectronics announced forges strategic collaboration with main goal to accelerate its quantum processor manufacturing for large-scale quantum computing solutions.
GPV wraps up extensive overhaul of electronics factory in Thailand
Danish EMS provider GPV has completed a major reorganisation of its former mechanics factory in Thailand, transforming the facility into a 22,000-square-meter hub for electronics manufacturing.
Lacroix in talks to sell City-Mobility segment to SWARCO
French technology company Lacroix is in exclusive negotiations with traffic technology group SWARCO group regarding the sale of its City-Mobility segment.
Electro Rent appoints new Chief Revenue Officer
Electronic test and measurement equipment specialist Electro Rent has appointed Alan Mayer as its Chief Revenue Officer (CRO) to spearhead the company’s growth plans.
Scanfil adjusts 2024 outlook amid market challenges
EMS provider Scanfil has revised its financial outlook for 2024 downwards, citing material shortages and a slight softening in customer demand towards the end of the fourth quarter.
Panduit expands with new manufacturing facility in Mexico
Panduit Corp., a provider of electrical and network infrastructure solutions, is investing in a dedicated manufacturing facility for its electrical connectivity and grounding capabilities in Monterrey, Mexico.
Stellantis and CATL to build €4.1B battery plant in Spain
Stellantis and CATL say that the companies will invest up to EUR 4.1 billion to form a joint venture to build a large-scale European lithium iron phosphate (LFP) battery plant in Zaragoza, Spain.
Kitron reiterates its outlook
During a Capital Markets Presentation, EMS provider Kitron provided an update on its financial and commercial targets and ambitions.
Terra Solar, Huawei partner on 3500 MW BESS project
Huawei, with its expertise in large-scale renewable energy projects, will equip the facility with containerized batteries and auxiliary components.
VinFast to build second factory in Vietnam
The Vietnamese EV manufacturer’s new facility in the central Ha Tinh province is expected to produce 300,000 units annually in its initial phase, the same capacity as its current plant in Haiphong.
Victoria’s second largest 200 MW BESS opens
The Rangebank BESS uses Fluence’s Gridstack grid-scale energy storage product and is expected to have the capacity to power 80,000 homes for one hour during peak periods.
SkyWater secures $16 million in federal funds
Minnesota chip manufacturer SkyWater will use USD 127 million, including USD 19 million in matching state funds, to improve its infrastructure and cybersecurity systems, among other upgrades.
US commits $7.5 billion loan for 2 EV battery plants
The conditional loan commitment from the DOE will provide USD 6.85 billion in principal and USD 688 million in capitalized interest to StarPlus Energy LLC, a JV between Stellantis and Samsung SDI.
TSMC, Nvidia in talks for AI chip production in Arizona
However, Nvidia’s Blackwell chips will have to be shipped back to Taiwan for packaging since the Arizona facility does not have the necessary CoWoS capacity, the Reuters report says.
Is Apple planning $1 billion investment in Indonesia?
The offer is being seen as the tech giant’s latest bid to lift a ban on the sale of iPhone 16 devices in Southeast Asia’s largest economy.
Asteelflash upgrades the machinepark at Bedford facility
French EMS provider Asteelflash has expanded its SMT placement capacity at its Bedford, UK facility with eight modules from Fuji’s NXT III placement platform, NEXIM software, and a Smart Setup Station.
Flex completes acquisition of Crown Technical Systems
Flex has completed its previously announced USD 325 million all-cash acquisition of Crown Technical Systems, a leader in fully integrated power distribution and protection systems.
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