Stellantis and Samsung SDI to invest over $2.5 billion in JV
Stellantis and Samsung SDI will establish an electric-vehicle battery manufacturing facility in Kokomo, Indiana. Targeted to start in 2025, the plant aims to have an initial annual production capacity of 23 GWh, with an aim to increase it 33 GWh in the next few years.
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Britishvolt acquires German battery cell maker for €36 million
Britishvolt is expanding to Germany following the signing of a deal to acquire German battery cell developer and manufacturer EAS from Bulgaria's Monbat for EUR 36 million.
UK electronics manufacturer invest in 15 Yamaha surface mounters
Yamaha Motor Robotics SMT Section will supply 15 YRM20 placement machines to Derby-based design and manufacturing services specialist Pektron.
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Manufacturers Reassess their Supply Chains
Prevailing obstacles since the COVID-19 Pandemic in 2020 have manufacturers reassessing their supply chain strategies. The following major disruptions that occurred entering 2022 added to existing setbacks, or created new ones altogether:
Siemens to sell its Commercial Vehicles business to Meritor
The move is another step in Siemens plan to sharpen its portfolio as a focused technology company.
VW adds to its EV network with a second German site
Volkswagen is pressing ahead with gearing its plants to electric mobility. Volkswagen is expanding its global production network for electric vehicles by starting to make the all-electric ID.4 in Emden.
Hyundai to set up EV plant & battery manufacturing in the US
The South Korean automaker is looking to invest USD 5.54 billion to construct full electric vehicle and battery manufacturing facilities in Georgia, USA.
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Leoni sells its automotive standard and special cables business
The German supplier of wires, cables and wiring systems has sold its Business Group Automotive Cable Solutions (BG AM), to STARK Corporation.
New CEO takes the helm at the ZKW Group
As of May 16, 2022, Dr. Wilhelm Steger has taken over the position as CEO of the ZKW Group.
Einride orders 110 electric trucks from Scania
The 110 trucks marks the largest order of heavy duty electric trucks to date for Scania, kicking off a collaborative product development partnership with Einride.
Lear to acquire I.G. Bauerhin
Automotive technology company, Lear Corporation, has entered into a definitive agreement to acquire I.G. Bauerhin (IGB), a supplier of automotive seat heating, ventilation, active cooling, steering wheel heating, seat sensors, and electronic control modules.
FREYR starts preparatory work for Finnish battery plant
The Norwegian battery manufacturer has signed an agreement with the City of Vaasa, Finland, for the temporary lease of 130 hectares – 1,300,000 square metres – of land in the GigaVaasa area. The plot will be the future site of the company's planned battery cell production plant.
More SMT muscles arrive at NOTE Windsor
The engineering team at EMS provider NOTE's Windsor operations have been keeping busy with ongoing investments in additional SMT manufacturing muscles.
Hewlett Packard Enterprise to set up new factory in Czech Republic
Hewlett Packard Enterprise has announced plans to build its first European factory for next-generation high performance computing (HPC) and artificial intelligence (AI) systems to accelerate delivery to customers and strengthen the region’s supplier ecosystem.
NEOTech invests in new selective wave soldering machines
EMS provider NEOTech has acquired multiple new Pillarhouse Synchrodex Pro Selective Wave Soldering machines for several of its North American manufacturing facilities.
Teltonika new technology centre is nearing completion
The Lithuanian EMS provider is currently expanding its operations with a new technology centre in Molėtai. The company broke ground on the EUR 34 million investment in early January and is now approaching completion.
Volvo Trucks opens battery plant in Belgium
Volvo Trucks' is planning to open a new – first – battery assembly plant in Belgium. Once up and running the plant will supply tailor-made batteries for the company's heavy-duty electric trucks.
GE Aviation purchases Hentec/RPS system
Cincinnati, Ohio-based GE Aviation, a manufacturer of propulsion systems for commercial and military aircrafts, has purchased a Pulsar solderability system from Hentec Industries/RPS Automation.
Onkyo files for bankruptcy
The Hi-Fi company, which has been operating since 1946, has reportedly filed for bankruptcy at Osaka District Court on Friday, with total liabilities of around JPY 3.1 billion (USD 24 million).
Indium expands with new manufacturing facility in Malaysia
US-based global materials supplier Indium Corporation, will invest MYR 250 million (USD 57 million) in an expansion that will result in a new manufacturing facility in Penang, Malaysia.
AI vs. Reality – does AI need a lunch break?
Nowadays it is hard to find someone who hasn’t heard about Artificial Intelligence. The term is still thrown around in various contexts as a universal remedy, meant to instantaneously and effortlessly solve complex problems in which the classical algorithms fail miserably. But is that really the case?
Neways names Fiona Lam as new CFO
The Supervisory Board of Neways Electronics has appointed Loi Ieng (Fiona) Lam as the company's new CFO and member of the Executive Board. She will succeed Paul de Koning, who after seven years as Neways’ CFO, will step down on the first of August 2022.
Strongest quarter in company history for KATEK
German EMS provider KATEK, started the fiscal year of 2022 with the strongest quarter in its corporate history.
Acquiring Ohio EV plant sets a new milestone for Foxconn
Hon Hai Technology Group, otherwise know as Foxconn, and Lordstown Motors have signed a contract manufacturing agreement and a joint venture agreement for product development.
Emerald EMS appoints new COO
EMS provider Emerald EMS has appointed Lucian Soaita to Chief Operating Officer (COO). Soaita will report to Vic Giglio, CEO, as part of the Emerald EMS Executive Leadership Team.
Hanwha invests $320M in cell and module manufacturing expansions
Hanwha Solutions, the South Korean owner of Qcells, says it plans to invest USD 320 million in a solar manufacturing expansion in the United States and South Korea.
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