Alibaba forms AI technology partnership with BMW
March 27, 2025
The Chinese-German partnership aims to develop AI technology to support the development of the next generation of vehicles in China.
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BMW building $10M battery recycling facility in Bavaria
February 07, 2025
The procedure called “direct recycling” enables residual materials from battery cell production, as well as whole battery cells, to be mechanically dismantled into their valuable components.
Scania in last-ditch effort to resuscitate Northvolt
February 03, 2025
Each member of Scania’s staff is supposed to be paired with a Northvolt shift manager or team leader to coach teams and drive improvements and implement standards, the Reuters report said.
NXP to acquire automotive networking company Aviva Links
December 18, 2024
NXP Semiconductors has entered into a definitive agreement to acquire Aviva Links, a provider of Automotive SerDes Alliance (ASA) compliant in-vehicle connectivity solutions in an all-cash transaction valued at USD 242.5 million.
VW recalls 4,600 vehicles over battery overheating concerns
December 09, 2024
The recall affects plug-in hybrids such as the 2022-2023 model year Audi Q5 SUVs and 2022 Audi A7 vehicles in the US. The remedy is expected to be available in the second quarter of 2025.
AMPECO secures $26 million in Series B funding
December 02, 2024
The investment will enable AMPECO to accelerate its product development and expand its presence in key markets, solidifying its position in the EV charging software solutions space, the firm said.
Goldman Sachs takes $900 million hit on Northvolt
November 25, 2024
The Goldman Sachs private equity funds, together the 2nd-largest shareholders in Swedish battery maker Northvolt, are set to write down their $896 million investment to zero by year end, FT reports.
Northvolt files for bankruptcy in setback to Europe’s EV ambitions
November 22, 2024
Swedish EV battery maker Northvolt said it has only enough cash to support operations for about a week and it had secured USD 100 million in new financing for the bankruptcy process.
Scania in talks with EV battery suppliers, CEO says
November 18, 2024
Scania wants half of its vehicle sales to come from electric trucks by 2030. Currently, they make up less than 1% of sales, with the rollout hit by production and delivery problems at Northvolt.
France plans to cut assistance for EV purchases, raise penalties
October 11, 2024
Currently, USD 1.64 billion is allocated to the scheme, which includes a bonus of up to USD 7,634 for an electric vehicle and financing for leasing.
Sweden puts Northvolt’s $1.5 billion funding guarantee on hold
October 07, 2024
Northvolt had agreed to a USD 5 billion green loan package with a group of lenders, intended to pay for a planned tripling of its battery-making capacity. This expansion has now been shelved.
After EU imposes hefty EV tariffs on China, fears of a trade war
October 07, 2024
The proposed duties of up to 45%, due to be imposed from next month for five years, will cost automakers billions of extra dollars to bring the vehicles into the bloc.
Rio Tinto in talks to buy lithium producer Arcadium
October 07, 2024
Though lithium prices have dropped 88% over the past two years, partly due to Chinese oversupply, its demand is expected to surge in this decade as production of lithium-ion batteries picks up pace.
Fire breaks out in CATL factory in China, no casualties reported
September 30, 2024
Emergency services were sent to the plant belonging to Chinese battery maker to fight the fire and organize the evacuation of any people inside the 15,000 square metre facility in Ningde.
Redwood Materials partners with BMW of North America
September 20, 2024
The battery recycling specialist will recover BMW vehicles' end-of-life lithium-ion cells and take them to its facilities in Reno, Nevada, where it will recycle and refine their critical minerals.
GM EV owners finally get access to Tesla Superchargers
September 19, 2024
The agreement makes approximately 17,800 Tesla Superchargers available to drivers of GM vehicles such as Chevy Bolt and Silverado EV, using a USD 225 adapter.
Volvo delays construction of battery plant in Sweden
September 16, 2024
Construction for Volvo’s new battery production plant in Sweden was expected to start in 2025. But the start date has now been pushed back by between 12 and 24 months, the WSJ report said.
The shift toward electrification gains momentum
August 28, 2024
Europe’s auto industry is rapidly shifting to electric vehicles as manufacturers race to meet ambitious green targets. With Tesla and Volkswagen leading the charge, the continent is embracing a new era of sustainable mobility.
BMW to open five new battery factories
August 08, 2024
BMW Group says that the success of its “Neue Klasse” will depend heavily on the production of powerful high-voltage batteries. This is why the German carmaker is significantly expanding its production network for the next generation of high-voltage batteries.
Infineon signs MOU with Chinese battery supplier EVE Energy
July 24, 2024
Under the agreement, Infineon will supply a chipset solution for EVE Energy's next-generation battery management system.
Skeleton participates in Hydrogen IPCEI Hy2Move
July 05, 2024
Skeleton will participate in the Hydrogen IPCEI Hy2Move for the transportation sector, aiming to develop pioneering high-power energy storage solutions that address the functional shortcomings of hydrogen fuel cells (H2FC), extend their lifespan, and increase efficiency.
STMicroelectronics bags EUR 2bn of state aid for Italy plant
May 31, 2024
One of Europe's major chip makers, STMicroelectronics, is to build a new 200mm SiC manufacturing facility in Catania, Sicily. The plant will produce SiC semiconductor products for power devices and modules.
Flex invests €90 million and creates 210 new jobs in Hungary
May 30, 2024
EMS provider Flex, who has a history spanning over three decades in Hungary, is investing at its two sites in Zalaegerszeg.
NEV sales increase 16.9% in 1Q24, PHEV surge nearly 50%
May 30, 2024
According to TrendForce Global Automotive Reports, the global sales of NEVs (including BEVs, PHEVs, and FCEVs) surged to 2.842 million units in 1Q24—making a 16.9% YoY increase.
BMW starts construction of Mexican battery assembly plant
May 07, 2024
In San Luis Potosí, Mexico, the German automotive group is gearing up for production of the Neue Klasse. Construction of a local high-voltage battery assembly has now begun.
Microchip acquires VSI
April 11, 2024
Microchip Technology has completed the acquisition of Seoul, Korea-based VSI Co. Ltd., a specialist in providing high-speed, asymmetric, camera, sensor and display connectivity technologies and products based on the Automotive SerDes Alliance (ASA) open standard for In-Vehicle Networking (IVN).
AESC commits $1.5bn to expand its US EV battery plant
April 02, 2024
Japan-based battery tech company AESC will boost production its lithium-ion electric vehicle battery manufacturing operations at Florence County, South Carolina.
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BMW to employ humanoid robots in its factories
January 24, 2024
German car giant BMW has signed a commercial agreement to use Figure's human-form robots to perform dangerous tasks at its manufacturing plants.
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