New funds will accelerate ACC battery network buildout
February 14, 2024
ACC says it has closed a EUR 4.4 billion debt raising, increasing the funding for the construction of three gigafactories for lithium-ion battery cell production in France, Germany, and Italy, as well as R&D.
ProLogium preps world's first giga-scale solid state battery
January 25, 2024
French startup ProLogium Technology has opened a solid-state lithium ceramic battery facility in Taoyuan City, Taiwan.
Taiwan opens new vacuum heat treatment centre
December 15, 2023
France's ECM Group and Taiwan's Metal Industries Research & Development Centre (MIRDC) have combined to launch the Asia-Pacific Vacuum Heat Treatment Synergy Centre.
ZKW expands its site in Mexico
December 07, 2023
Lighting systems specialist continues to invest in the production plant in Silao, Mexico. As part of the opening of the new construction phase, the foundation stone for the next expansion is already being laid.
Sila begins build-out of US titan silicon plant
November 30, 2023
Sila, an American battery materials company, has announced it has begun building out its first, auto-scale manufacturing plant, Sila Moses Lake, located in Washington state.
Mercedes-Benz acquires minority stake in btv technologies
November 24, 2023
Car maker Mercedes-Benz has invested in its logistics partner btv with the aim of securing its semiconductor supply chain.
Rebound in mini LED product shipments in 2024
November 06, 2023
Due to declining demand in consumer electronics, shipments of Mini LED products are expected to decrease to 13.337 million units in 2023, says TrendForce. However, the market is projected to rebound in 2024, with shipments estimated at 13.792 million units, and the growth trend is expected to continue through 2027
GKN makes large investment in Hungary
September 11, 2023
The British company is investing 142.7 million to expand production in Felsőzsolca in northern Hungary. The automotive supplier is looking to serve Tier-1 companies with the newly created capacity.
Joyson Electronics' order book hits $5.8bn
August 07, 2023
Chinese automative components supplier Joyson has revealed it has booked 42 billion yuan (USD 5.8 billion) worth of new orders worldwide in H1 2023.
Sunwoda to build $274.71m battery plant in Hungary
July 28, 2023
Shenzhen-based battery specialist Sunwoda prepares to expand into the European market with a major new facility.
Panasonic rumoured to be planning new battery plant in India
July 18, 2023
Speculation suggests that Japanese electronics giant Panasonic is in talks to establish a new battery-making facility in India as part of the government’s production-linked incentive (PLI) scheme.
Global new energy vehicle sales reach 2.656 million units in Q1
May 31, 2023
TrendForce reports the total sales of New Energy Vehicles (NEVs) – comprising BEVs, PHEVs, and FCVs – reached 2.656 million units in the first quarter of 2023, marking a 28% YoY increase.
940 jobs lost at Valmet Automotive
March 28, 2023
Valmet Automotive says that it has concluded the change negotiations that started on January 16, 2023, concerning all personnel in its Vehicle Contract Manufacturing business line at the plant in Uusikaupunki, Finland.
SiC power device market will surpass $2.2 billion in 2023
March 09, 2023
The market for third-generation (compound) semiconductors encompasses products based on silicon carbide (SiC) and gallium nitride (GaN). In particular, SiC products account for about 80% of the total market value.
Global NEV sales grew 60% YoY, surpassed 10 million units in 2022
February 22, 2023
According to TrendForce’s latest research, global sales of new energy vehicles (NEVs) rose by 63.6% YoY to 10.65 million units for 2022.
Mercedes-Benz turns to Wolfspeed to power its EV platforms
January 05, 2023
Wolfspeed will be supplying Silicon Carbide devices to power future Mercedes-Benz Electric Vehicle (EV) platforms.
Stellantis JV's bankruptcy just the first of many on China's domestic market?
November 30, 2022
The bankruptcy of Stellantis' Jeep joint venture could spell trouble for other global brands trying to make it on China's home turf.
Ranking: best selling EV brands for 3Q22
November 28, 2022
Sales of BEVs totaled 2.147 million units and increased by 75% year over year, while sales of PHEVs totaled 714,000 units and increased by 57% year over year.
Global NEV sales reached 2.87 million units for 3Q22
November 25, 2022
TrendForce’s latest research finds that global sales of new energy vehicles (NEVs), which encompass battery-electric vehicles (BEVs), plug-in hybrid electric vehicles (PHEVs), and fuel-cell vehicles (FCVs), rose by 70% YoY to 2.87 million units for 3Q22.
Mercedes-Benz start production of the new EQS SUV in Alabama
August 29, 2022
Mercedes-Benz is exclusively producing the all-electric EQS SUV at its North American passenger vehicle plant. This is a key step in the company's push to produce eight all-electric vehicles at seven sites on three continents this year.
Global NEV sales reach 2.19 million units in 2Q22
August 17, 2022
The new car market remained under the shadow of supply chain shortages and the pandemic in 2Q22 but new energy vehicles (NEVs including battery electric vehicles, plug-in hybrid electric vehicles, and fuel cell vehicles) still outperformed gasoline vehicles and maintained positive growth.
ZKW expands production at Mexican location
July 28, 2022
Lighting systems specialist invests an additional total of over USD 102 million in production plant in Silao, Mexico.
Daimler Truck acquires a stake in Manz
May 26, 2022
Manz AG has gained a strong cooperation partner and new anchor shareholder in Daimler Truck AG. The German auto-giant invested in Manz AG as part of a capital increase and now holds approximately 10% of the company's share capital.
NEV market grew in 1Q22 – global sales exceeded 2M units
May 16, 2022
According to TrendForce data, total sales of new energy vehicles (NEVs including battery electric vehicles, plug-in hybrid electric vehicles, and fuel cell vehicles) in 1Q22 was 2.004 million units, an annual growth rate of 80%.
Mercedes-Benz becomes shareholder in ACC
March 24, 2022
Mercedes-Benz, Stellantis and TotalEnergies/Saft have signed a deal to become equal partners in Automotive Cells Company (ACC), completing a transaction announced back in September 2021.
Mercedes-Benz EV ramp up – opens new battery plant
March 16, 2022
Mercedes-Benz is opening a new battery plant in Bibb County, Alabama, a few months ahead of the start of production of all-electric Mercedes-EQ vehicles in the United States.
Britishvolt to to develop battery technology with Aston Martin
March 07, 2022
UK battery manufacturer Britishvolt is partnering up with Aston Martin as the carmaker takes another step on its journey to electrification. The companies are now looking to develop bespoke high performance battery cell technology.
Valens Semi and PTK Acquisition conclude business combination
September 30, 2021
Valens Semiconductor and PTK Acquisition Corp. have completed their previously announced business combination. The combined company will be called Valens.
ZKW expands its location in Mexico once again
September 21, 2021
The lighting systems and electronics specialist says that it is expanding the location by an additional 21,000 square meters, which will increases the production area to a total of 35,000 square meters.
ADI & Maxim deal is now complete
August 30, 2021
Analog Devices, Inc. announced the completion of its acquisition of Maxim Integrated Products, Inc.
Daimler Truck AG and CATL expand global partnership
May 28, 2021
Commercial vehicle manufacturer Daimler Truck AG and lithium-ion battery manufacturer and developer Contemporary Amperex Technology Co. Limited (CATL) announced the intensification of their existing partnership
Mercedes-EQ starts production of battery systems
March 24, 2021
Mercedes-Benz has started producing high-performance batteries for its all-electric EQS at its Stuttgart-Hedelfingen plant, as part of the Untertürkheim location in Germany.
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