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.
Northvolt raises $2.75 billion to expand Swedish gigafactory
June 09, 2021The Swedish battery manufacturer says it has signed a USD 2.75 billion private placement to finance further battery cell production capacity and R&D efforts. The company is looking to expand its Swedish gigafactory, Northvolt Ett, from 40 to 60 GWh of annual capacity.
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.
VW starts construction of new electric car plant in China
May 03, 2021The German auto-giant has started the construction of an all-new MEB plant at Volkswagen Anhui recently. The new plant will be the third of the group’s pure-electric vehicle manufacturing facilities in China, following completion of the Anting (SAIC VW) and Foshan (FAW-VW) plants.
Volkswagen expands its production of battery system
April 16, 2021The Volkswagen Group Components plant in Braunschweig is significantly expanding its production of battery systems for the latest electric vehicle generation.
VW orders battery cells worth $14 billion from Northvolt
March 16, 2021The partnership between the two companies deepens as Northvolt is selected as a strategic lead supplier for battery cells for Volkswagen with a USD 14 billion order.
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%.
"Spain could evolve into an e-mobility centre of Europe"
March 11, 2021The Volkswagen Group and SEAT. S.A. discusses a multisectoral alliance between public and private players to boost the electric ecosystem in Spain.
Global EV sales finished strong in the final months of 2020
March 02, 2021Global sales of NEV (new energy vehicles, which include both BEV and PHEV) skyrocketed in the final two months of 2020, with various models setting historical sales records, according to TrendForce’s latest investigations.
VW looking to reduce financial impact of shortages
January 25, 2021The German car manufacturer is currently in talks with its suppliers regarding possible damage claims relating to the shortage of semiconductors.
Rapid automobile market recovery leads to semiconductor bottleneck
December 22, 2020Volkswagen Group says shortage of semiconductor products leads to production restrictions in China, North America and Europe. Group models based on the MQB platform are affected.
Volkswagen to invest EUR 73 billion in future technologies
November 16, 2020Volkswagen says it is pressing ahead with its transformation into a digital mobility company and will spend around EUR 73 billion on electrification, hybrid powertrains and digital technology over the next five years.
Volkswagen invests to up the automation of several plants
October 20, 2020The Volkswagen Passenger Cars and Volkswagen Commercial Vehicles brands are working flat out on the transformation to the e-mobility era and the conversion of plants to e-mobility.
Northvolt raises $600M to invest in capacity expansion, R&D and recycling
September 29, 2020The Swedish battery manufacturer says that it has raised USD 600 million private placement, led by Baillie Gifford, Goldman Sachs Merchant Banking Division and Volkswagen AG, which will allow for further investment.
Volkswagen starts series production of all-electric SUV
August 24, 2020Volkswagen's e-offensive continues to pick up speed. The group has now started series production of the ID.4 in Zwickau, Germany, its first all-electric SUV.
Northvolt secures German state guarantee worth USD 525M
August 17, 2020The Federal Ministry of Economics says it will support the financing of Northvolt's battery cell factory in Sweden via a state guarantee.
Vitesco supplies the drive control unit for VW's ID.3 electric car
August 17, 2020Electric mobility is gaining momentum with a multitude of new models set to hit the road over the next few months – and Vitesco Technologies is at the center of the action on one major electric car platform: the Volkswagen ID.3, with the key drive control unit.
The evolving GaN and SiC power semiconductor market landscape
July 23, 2020The emerging market for silicon carbide (SiC) and gallium nitride (GaN) power semiconductors is rapidly evolving from a startup-dominated business to one led by large-established power semiconductor manufacturers.
Volkswagen increases stake in QuantumScape
June 18, 2020The Volkswagen Group is increasing its stake in QuantumScape and making an additional investment of up to US$200 million in the US battery specialist.
Construction starts at Kyungshin new factory in SerbiaLoad more news
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.