Rivian closes $2.5 billion funding round
July 26, 2021The electric car company announces that it has closed a $2.5 billion private funding round. The financing was led by Amazon’s Climate Pledge Fund, D1 Capital Partners, Ford Motor Company and funds and accounts advised by T. Rowe Price Associates, Inc.
Toyocolor to supply SK Innovation with Li-ion battery materials
July 12, 2021Toyocolor Co., Ltd., the colorants and functional materials division of Japan’s Toyo Ink Group, has been tapped to supply the North American and European operations of South Korean battery manufacturer SK Innovation, with its Lioaccum series of conductive carbon nanotube (CNT) dispersions.
The global chip shortage - a timeline of unfortunate events
June 04, 2021COVID-19 has sent traumatic ripples through supply chains around the globe, but the semiconductor supply chain was fragile long before governments shut down and catastrophe struck. In a culmination of negative variables, the chip shortage has amassed over the years from a series of unfortunate events.
Ford forms battery joint venture with SK Innovation
May 24, 2021Ford and SK Innovation have signed an MoU to create a joint venture – to be called BlueOvalSK – to produce approximately 60 GWh annually in traction battery cells and array modules, starting mid-decade, with potential to expand.
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.
Ford accelerates battery R&D with new battery centre
April 28, 2021Ford is launching a new global battery centre of excellence – called Ford Ion Park – to accelerate its R&D of battery and battery cell technology, including future battery manufacturing.
Marvell completes its acquisition of Inphi
April 21, 2021Marvell Technology has completed its acquisition of Inphi Corporation; the combination creates a US semiconductor powerhouse.
From flourishing to floundering: automakers to face further issues
March 15, 2021In the first half of 2020, the automotive industry took a hard hit from COVID-19 with demand nosediving, production shutdowns and allocation shifts focusing on telecommunications and industrial automation. As a result, sales went down a whopping 34%.
Ford to electrify its European operations - invest $1 billion
February 17, 2021The carmaker is taking a significant step forward in its European transformation, committing to go all-in on its electric passenger vehicles and to substantially grow and electrify its commercial vehicle business.
Cadence to acquire NUMECA
January 25, 2021Cadence Design Systems has entered into a definitive agreement to acquire NUMECA International, a company focused on computational fluid dynamics (CFD), mesh generation, multi-physics simulation and optimization.
Marvell to acquire Inphi – accelerating growth in cloud and 5G infrastructure
October 30, 2020Marvell Technology Group and Inphi Corporation have entered into a definitive agreement under which Marvell will acquire Inphi for about USD 10 billion.
Ford breaks ground on new electric F-150 plant
September 18, 2020Ford says it is deepening its commitment to American manufacturing. The company is doing with with the production start of the all-new F-150 at the storied Ford Rouge Center and confirming construction of the new Rouge Electric Vehicle Center where it will build the all-electric F-150 by mid-2022.
Calian acquires Canadian manufacturer of wireless antennas
September 04, 2020Calian Group announces that it has acquired Tallysman Wireless, a leading manufacturer of precision Global Navigation Satellite Systems (GNSS) antennas, and related components.
Mobileye and Ford enters high-volume agreement for ADAS
July 22, 2020Mobileye, an Intel company, and Ford Motor Company are collaborating on bringing driver-assistance systems across Ford’s global product lineup.
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.
PVA joins growing list of companies helping fight COVID-19
March 25, 2020Upstate New York-based PVA has ramped up efforts to supply solutions for the shortage of COVID-19 test kits, portable respirators, and mechanical ventilators.
Getting creative: Ford, 3M, GE, UAW unite to battle COVID
March 25, 2020Ford Motor Company, 3M and GE Healthcare are brainstorming ways to engineer and manufacture medical equipment and supplies for front line healthcare workers and responders, as well as patients fighting coronavirus.
Intellitronix seeing interest from Ford
March 24, 2020Ohio-based Intellitronix Corporation, a subsidiary of US Lighting Group, has been invited by the Ford Motor Company to submit a proposal to design and manufacture an automotive electronics component for one of the automaker’s upcoming vehicles.
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.
Rivian announces close of fourth funding roundLoad more news
January 13, 2020Rivian closed an investment round of USD 1.3 billion in late December, led by funds and accounts advised by T. Rowe Price Associates Inc., with Amazon, Ford Motor Company also participating.