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.
The Polish electronics industry is anything but static
October 17, 2023
There’s been a lot of movement within the Polish electronics industry during the year. Evertiq has listed some of the bigger events that have taken place in the country during 2023.
Europe's new battery materials player IONWAY
October 09, 2023
The newly-founded Brussels-based European EV battery materials producer IONWAY has chosen to build its first cathode active material (CAM) production plant in Nysa, Poland, adjacent to Umicore’s existing CAM plant.
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.
BYD secures fifth spot in global auto sales for July
September 01, 2023
In July 2023, global car sales faced a noticeable downturn, with 5.44 million vehicles rolling off the lot across 37 key markets – a 10% dip compared to June’s figures, according to TrendForce research.
Volkswagen’s looking to strike direct supply deals for chips
August 24, 2023
The german automotive group says that it has developed a new strategy for the procurement of parts with electronic components, as the company looks to secure supply.
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.
SEAT to build a battery cell assembly plant in Martorell
July 19, 2023
Spanish car maker SEAT will invest EUR 300 million in a new facility located in Catalonia, Northern Spain. The plant will assemble cells that PowerCo will manufacture at its gigafactory in Valencia.
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.
Forge Nano raises $50m to fund lithium-ion battery facility
June 08, 2023
The Denver-based company expects the total cost of its pilot production plant will be about USD 120 million.
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.
Volkswagen’s Russian assets have been frozen
March 21, 2023
The german carmaker has been trying to wind down its Russian operation for basically a year, now another roadblock has hit VW as its assets in the country have been frozen by a Russian court.
VW's PowerCo breaks ground on Spanish gigafactory
March 20, 2023
VW's PowerCo has given the starting signal for constructing its second cell factory. Gigafactory Valencia will start production in 2026 and will directly employ more than 3,000 people in the future.
Canada, next stop for VW's battery company PowerCo
March 15, 2023
Volkswagen is stepping up its activities in North America in a bid to take a strong position in the growth market for battery electric vehicles.
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.
Sono Motors scraps the Sion program
February 27, 2023
Sono Motors says that the company has decided to pivot its business model to exclusively provide its solar technology to third-party vehicles, and to terminate its Sion passenger car program.
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.
onsemi and VW in strategic collaboration on SiC technology
January 27, 2023
onsemi has signed a strategic agreement with Volkswagen to provide modules and semiconductors that enable a complete electric vehicle (EV) traction inverter solution for VW’s next-generation platform family.
VW: Wolfsburg site gets an electric upgrade
December 09, 2022
German car-maker Volkswagen is making an initial investment of around EUR 460 million to convert the Wolfsburg site into an e-mobility factory over the next 2 years.
paragon sells its AI subsidiary to CARIAD
December 02, 2022
paragon GmbH & Co. KGaA has signed an agreement with CARIAD SE, a software company belonging to the Volkswagen Group, regarding the sale of its AI subsidiary, paragon semvox GmbH.
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.
Europe’s battery boom – charging a market
November 24, 2022
"The future is electric", a statement that’s been getting more and more meat on its bones over the last couple of years. An increasing number of automotive companies are transitioning to electronic electric drive.
PowerCo & Umicore establish JV for battery materials production
September 26, 2022
PowerCo, the new battery company of the Volkswagen Group, and Umicore, are joining forces in a joint venture for precursor and cathode material production in Europe.
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.
Volkswagen kicks off "global battery offensive" in Salzgitter
July 07, 2022
Updated: Volkswagen enters global battery business with PowerCo. To kick off its battery offensive, the group broke the ground for its first cell factory in Salzgitter today. The company announces multi-billion investments, large sales numbers and tens of thousands of jobs in Europe alone.
Northvolt raises $1.1 billion for its factory rollout plans
July 05, 2022
Northvolt today announced the signing of a $1.1 billion convertible note to finance its expansion of battery cell and cathode material production in Europe to support the rapidly expanding demand for batteries.
Ford picks Valencia for next-gen EV architecture
June 30, 2022
Ford in Europe has announced that it has chosen its plant in Valencia, Spain, as the preferred site to assemble vehicles based on a next-generation electric vehicle architecture.
VW adds to its EV network with a second German site
May 25, 2022
Volkswagen is pressing ahead with gearing its plants to electric mobility. Volkswagen is expanding its global production network for electric vehicles by starting to make the all-electric ID.4 in Emden.
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%.
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