Northvolt raises $2.75 billion to expand Swedish gigafactory
June 09, 2021The Swedish battery manufacturer says it has signed a USD 2.75 billion private placement to finance further battery cell production capacity and R&D efforts. The company is looking to expand its Swedish gigafactory, Northvolt Ett, from 40 to 60 GWh of annual capacity.
BMW invests in solid-state startup
May 04, 2021Solid Power, a producer of all solid-state batteries for electric vehicles, has raised USD 130 million Series B investment round led by the BMW Group, Ford Motor Company and Volta Energy Technologies.
BMW steps up sustainable sourcing of lithium
March 30, 2021The German automotive giant will be accelerating its expansion of e-mobility in the coming years. This will also increase the need for lithium in order to secure a steady flow of battery cells. Therefore, the company will source lithium from a second supplier, US-based Livent.
Germany backs development of ultracapacitor production technology
March 12, 2021Skeleton Technologies has announced plans to develop new production technology and fully automate manufacturing in its Großröhrsdorf factory.
Test specialists breaks ground on new expansion in Munich
March 08, 2021EDAG Group, an engineering service provider to the mobility industry, is bundling its test competences in a new building at the "Waldmeisterstraße" site in Munich, Germany. in direct vicinity of the BMW Group's Research and Innovation Centre.
Global EV sales finished strong in the final months of 2020
March 02, 2021Global sales of NEV (new energy vehicles, which include both BEV and PHEV) skyrocketed in the final two months of 2020, with various models setting historical sales records, according to TrendForce’s latest investigations.
BMW's plant in Leipzig to start battery module production in 2021
September 25, 2020The BMW Group is further expanding its Germany- based production capacities for electric drives. From 2021, the Leipzig plant will also produce battery modules for the high-voltage batteries of the group’s electrified vehicles.
BMW doubles production capacity for high-voltage batteries in China
September 15, 2020The BMW Group continues to drive the expansion of electromobility and is adapting its production structures to growing demand for fully and partially electrified vehicles.
Magna expands its powertrain business in Slovakia
August 27, 2020Mobility solutions company Magma says that it will expand its powertrain business with a new facility in Kechnec, Slovakia, the first powertrain metalforming solutions plant for the company in Europe.
Northvolt secures German state guarantee worth USD 525M
August 17, 2020The Federal Ministry of Economics says it will support the financing of Northvolt's battery cell factory in Sweden via a state guarantee.
BMW ink supply agreement for battery cells with Northvolt
July 16, 2020The German auto-giant has signed a long-term supply contract worth EUR 2 billion for battery cells with Swedish newcomer Northvolt.
Germany amps up domestic battery production with massive state subsidies
July 03, 2020The German government is investing more than EUR 1.5 billion in battery cell research and production.
BMW and Mercedes-Benz halt cooperation in automated driving
June 25, 2020The BMW Group and Mercedes-Benz AG are putting their cooperation on development of next-generation technology for automated driving temporarily on hold.
Construction starts at Kyungshin new factory in Serbia
June 03, 2020The South Korean automotive company has initiated the construction of its new facility in the municipality of Smederevska Palanka in Serbia – once completed 700 new jobs will be created.
Progress is being made for BMW’s new plant in Hungary
May 19, 2020Preparations for the future BMW Group plant in Debrecen, Hungary, have reached important milestone. Following successful preparation of the land by the City, the official handover process has now started.
Kyungshin Cables to make a €20 million investment in Serbia
March 17, 2020The South Korean cable company plans to invest EUR 20 million in the construction of a factory for electric vehicle charger cable sets in Smederevska Palanka, Serbia.
Covid-19 forces Italian EMS to shut down plant
February 28, 2020Italian EMS provider MTA, a designer and manufacturer of electronic and electromechanical components for the automotive industry, has been forced to close its Codogno production plant following regulations set by the Italian Minister of Health.
ZKW expands locations in Mexico and Slovakia
January 10, 2020Before wrapping up 2019, the Austrian lighting systems specialist announced investments a total of over EUR 210 million euros in its production plants in Mexico and Slovakia.
Mitsubishi and NTT new investors for HERE Technologies
December 31, 2019Mitsubishi Corp. and Nippon Telegraph and Telephone Corp. (NTT) of Japan are to jointly acquire a 30% ownership stake in HERE Technologies.
LION Smart signs initial series supply contract for BMW batteriesLoad more news
December 27, 2019LION E-Mobility AG announces that the Canadian customer "The Lion Electric Co." signed a potential multi-million-euro series supply contract of BMW batteries with LION Smart GmbH.