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 batteries
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.
BMW is betting billions on e-mobility – awards massive battery contracts
November 21, 2019The BMW Group is forging ahead with electromobility and deepening its existing business relationships with battery cell manufacturers CATL (Contemporary Amperex Technology Co. Limited) and Samsung SDI.
Magna expands lighting capabilities by acquiring Wipac Czech
November 21, 2019Magna has agreed to acquire Wipac Czech s.r.o., a automotive lighting engineering firm located in Ostrava, Czech Republic.
BMW's new battery cell centre to handle everything from material to prototyping
November 18, 2019The BMW Group is looking fortify its position in the world of electric mobility and has pooled its many years of experience with battery cells and extensive knowledge in the field in a new Competence Centre.
RBVC, Ford and BMW invests in flexible electric circuit start-up
October 31, 2019Robert Bosch Venture Capital GmbH (RBVC), the venture capital company of the Bosch Group, announces that it has completed a series B follow-on investment in CelLink Corporation.
CATL starts construction of its first overseas factory in Germany
October 21, 2019A groundbreaking ceremony of the first overseas factory for lithium-ion battery maker CATL took place on October 18 in Thuringia, Germany, marking the start of construction of the first lithium-ion battery factory in Germany.
New Faraday Future CEO announced
September 04, 2019California-based global shared intelligent mobility company Faraday Future has appointed a new CEO to its ranks, replacing company Founder YT Jia, whose resignation was announced in August.
BMW & JRL team up on next-gen electrification technology
June 14, 2019As it develops its plans for the mobility of the future, the BMW Group is increasingly focusing on co-operations to help make next-level electrification technology more widely available to customers by the start of the coming decade.
Northvolt completes funding for first homegrown gigafactory
June 12, 2019Swedish battery manufacturing company, Northvolt, announces that is has completed the funding needed to enable the establishment of Europe’s first homegrown gigafactory for lithium-ion battery cells, Northvolt Ett, in Skellefteå, Sweden.
Aurora picks up Blackmore in first major acquisition
May 29, 2019Self-driving tech start-up Aurora is buying Montana-based lidar company Blackmore Sensors & Analytics.
Automotive supplier to set up shop in Serbia
May 24, 2019Xingyu Automotive Lighting System, a Chinese supplier to the automotive industry will set up a manufacturing plant in the Serbian city of Nis.
Co-Investor invests an additional €20 million in TTTech
April 30, 2019The Co-Investor Group, an equity investor focused on medium-sized companies, has increased its investment in TTTech Computertechnik AG by an additional EUR 20 million.
PowerCell signs joint development agreement with Bosch
April 29, 2019PowerCell and Robert Bosch GmbH have signed an agreement regarding the development, production and sale of the PowerCell S3 fuel cell stack for the automotive segment.
HARMAN to create next-gen infotainment platform for BMW
April 17, 2019HARMAN International says that it will soon deliver its next generation of infotainment modules to BMW, further supporting its commitment to the automaker for numerous in-car technology and entertainment developments.
Hints of EV tax credit expansion boost GM, Tesla
April 10, 2019Tesla shares rose almost 1% and GM shares .2% on a recent Reuters report that a bipartisan proposal, expected to be attached to tax legislation within the next few months, would expand the existing EV tax credit by 400,000 vehicles per manufacturer.
BMW Group anticipates 'significant fine'
April 08, 2019In connection with the ongoing antitrust proceedings, the EC informed the BMW Group about a “Statement of Objections”, which leads the auto maker to believe that it is probable that the EU Commission will issue a significant fine.
ZF wins major business for new 8-speed automatic transmission
April 05, 2019ZF Friedrichshafen says it has received a customer order from BMW AG for its enhanced 8-speed automatic transmission with a double digit billion value.
Innoviz raises $132M in funding to accelerate its productionLoad more news
March 27, 2019Innoviz Technologies, a provider solid-state LiDAR sensors has raised USD 132 million in Series C funding. The round is marked by the entrance of new investors China Merchants Capital (SINO-BLR Industrial Investment Fund, L.P.), Shenzhen Capital Group and New Alliance Capital; and Israeli institutional investors Harel Insurance Investments and Financial Services and Phoenix Insurance Company.