CATL, Volkswagen to partner on EV batteries
February 21, 2025
Volkswagen said the collaboration with CATL will help provide better battery solutions for its customers, support its supply chain and help in meeting the increasing requirements of the EV market.
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Toyota Establishes New EV and Battery Production Company in China
February 10, 2025
Toyota has announced that it will establish a wholly owned production company in Shanghai to increase its production of EVs and batteries for its Lexus brand.
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.
Rivian claims growing interest in VW joint venture
January 27, 2025
U.S. electric pickup and SUV maker says they have had a huge response to the partnership that adds its software and electrical architecture to both parties vehicles.
Volkswagen user data leaked
January 03, 2025
Cariad, Volkswagen's software development subsidiary, has unwittingly leaked sensitive user data for electric vehicles from Volkswagen, Audi, Seat and Skoda. The leak included email addresses, phone numbers, location details and car owners' data.
Volkswagen invests $48 million for 9.9% stake in Patriot Battery Metals
December 23, 2024
Patriot also signed a supply agreement with Volkswagen’s battery manufacturer, PowerCo, under which it is expected to supply 100,000 tonnes of spodumene concentrate annually for 10 years.
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.
EU, China ‘close to deal’ over EV import tariffs
November 25, 2024
In October, the EU decided to raise tariffs on Chinese-built EVs to as much as 45.3% following a high-profile investigation. The move has divided EU countries and sparked retaliation from Beijing.
Ford to cut workforce by 4,000 in Europe and UK
November 22, 2024
Of the total, 2,900 jobs would be lost in Germany, 800 in Britain and 300 in other EU countries. Ford has 28,000 employees in Europe and 174,000 worldwide.
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.
Global EV sales up 35% in October, propelled by China
November 15, 2024
Sales of EVs, including fully electric and plug-in hybrids, reached 1.72 million worldwide in October, research firm Rho Motion’s data showed, with sales in China hitting 1.2 million vehicles.
Massive layoffs await at VW – plans to close three plants
October 28, 2024
The German automotive giant is planning to shut down at least three factories in Germany, resulting in the layoff of thousands of employees, Reuters reports citing the carmaker's works council.
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.
Was there ever a semiconductor shortage?
September 24, 2024
On September 19, market analyst Dieter Weiss from in4ma took the stage at the Evertiq Expo in Gothenburg and raised important questions about the semiconductor crisis that plagued the industry a couple of years ago. With a provocative comparison between semiconductors and toilet paper, he challenged the notion of scarcity and shared insights on how artificial demand has affected the European EMS industry.
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.
$10 billion chip project in Maharashtra gets government approval
September 06, 2024
The fab project is to be jointly set up by India’s Adani Group and Israel’s Tower Semiconductor. However, it requires the approval of the central government.
German cabinet approves EV tax relief amid Volkswagen’s SOS
September 04, 2024
The tax breaks will be worth about EUR 465 million (USD 514 million) annually between 2024 and 2028.
Jaguar warns of battery fire risk in older I-Pace electric SUVs
September 02, 2024
The I-Pace batteries were reportedly made in Poland by LG Energy Solution, whose products are being probed by the U.S. National Highway Traffic Safety Administration.
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.
South Korea officials meet to discuss EV fire safety norms
August 12, 2024
The fire on August 1 appears to have started spontaneously in a Mercedes-Benz EV parked below a residential apartment. The blaze damaged 140 cars and took about eight hours to control.
onsemi signs multi-year deal with Volkswagen
July 24, 2024
US chip maker onsemi has become the primary supplier of a complete silicon carbide-based power box solution for Volkswagen Group.
Volkswagen to invest $5 billion in Rivian and form JV
June 26, 2024
German automotive giant Volkswagen will invest up to USD 5 billion in US electric vehicle manufacturer Rivian. The investment is part of a newly formed, and equally controlled, joint venture aimed at developing next-generation electrical architecture and software technology.
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.
MLCC shipments expected to increase by 6.8% in Q2
May 29, 2024
TrendForce reports that MLCC shipments in 1Q24 are expected to reach a three-quarter low. In the second quarter, demand for AI servers continued to grow steadily, while orders for other consumer electronics have fallen short of expectations due to traditional seasonal demand and preparations for China’s May Day holiday and the 618 shopping festival.
Mobis starts construction of new EV battery plant in Spain
April 25, 2024
Auto parts maker Hyundai Mobis is starting the construction of a new plant in Spain. The new electric vehicle battery system plant will serve as a dedicated facility supplying Volkswagen.
Northvolt raises $5 billion to expand its battery network
January 16, 2024
Swedish battery manufacturer Northvolt has just signed the largest green loan raised in Europe to date, which will facilitate the expansion of Europe's first homegrown gigafactory, Northvolt Ett, and also the realisation of Northvolt's plans for battery recycling.
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.
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