Panasonic, Tesla discuss beefing up Nevada battery plant
May 19, 2020Panasonic Corporation this week said strong demand for battery cells from its U.S. partner, Tesla, has led to negotiations on the expansion of their joint plant in Storey County, Nevada.
Progress is being made for BMW’s new plant in Hungary
May 19, 2020Preparations for the future BMW Group plant in Debrecen, Hungary, have reached important milestone. Following successful preparation of the land by the City, the official handover process has now started.
Intel expands MaaS offerings with purchase of Moovit
May 07, 2020Intel Corporation has acquired mobility-as-a-service solutions (MaaS) provider Moovit, for approximately USD 900 million (USD 840 million net of Intel Capital equity gain).
Next generation Volvo cars to be powered by Luminar LiDAR
May 07, 2020Volvo Cars is partnering with tech firm Luminar to provide their LiDAR and perception technology for Volvo’s next generation cars.
Keysight opens new testing lab in Malaysia
May 07, 2020Keysight Technologies has opened a new Regulatory Test Laboratory in Penang, Malaysia to deliver accredited electromagnetic compatibility (EMC) testing services for manufacturers of electronic devices and mission-critical industries.
Volvo cuts 1300 jobs as COVID-19 speeds up transformation
April 29, 2020Volvo Cars says it plans to accelerate its transformation to position the company for long term growth. As a result, it is giving notice for a reduction of 1,300 white-collar positions in its Swedish operations, plus a continued review and reduction of consultancy contracts.
Acconeer and Alps Alpine enter joint development agreement
April 27, 2020Swedish radar sensor company, Acconeer, says that it has entered into a joint development agreement with Alps Alpine, to develop next generation patented Pulse Coherent sensors.
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Vitesco to open new R&D centre in China
April 23, 2020Vitesco Technologies, the powertrain business of Continental, will build an R&D centre in Tianjin, China.
Volvo and Daimler form JV for large-scale production of fuel cells
April 22, 2020Daimler Truck AG and the Volvo Group, have signed a preliminary non-binding agreement to establish a new joint venture. The intention is to develop, produce and commercialise fuel cell systems for heavy-duty vehicle applications and other use cases.
AT&S supplies components for respirators
April 17, 2020Since the outbreak of the coronavirus pandemic, AT&S has entered into numerous new partnerships with manufacturers of respiratory equipment - for example in the USA and India.
Polestar 2 production begins in Luqiao, China
March 30, 2020Production of Polestar 2 has officially begun in Luqiao, China. The new electric performance fastback is the first electric vehicle to be produced by the facility.
European EV battery production gets a boost from the EIB
March 27, 2020The European Investment Bank (EIB) has signed a EUR 480 million loan agreement with LG Chem Wroclaw Energy, the Polish subsidiary of the LG Chem Group that was established to develop the group’s battery production facility in Europe.
STMicro to temporarily cut 50% of French production
March 20, 2020The semiconductor company has reportedly agreed to temporarily reduce its production in France by up to 50% as the company works to stymie the spread of COVID-19.
Kyungshin Cables to make a €20 million investment in Serbia
March 17, 2020The South Korean cable plans to invest EUR 20 million in the construction of a factory for electric vehicle charger cable sets in Smederevska Palanka, Serbia.
Volvo Cars inaugurates new battery assembly line at Ghent plant
March 05, 2020Volvo Cars has formally inaugurated a brand new battery assembly line at its Belgian manufacturing plant in Ghent, where it will start building its first fully electric car, the XC40 Recharge P8, later this year.
Multi-billion Round 1 for Waymo
March 04, 2020Silicon Valley-based Waymo has completed its first external investment round, led by Silver Lake, Canada Pension Plan Investment Board and Mubadala Investment Company.
Nexperia partners with Ricardo to develop GaN-based EV inverter design
February 28, 2020Nexperia has entered into a partnership with automotive engineering consulting company, Ricardo, to produce a technology demonstrator for an EV inverter based on gallium nitride (GaN) technology.
Sono Motors to cooperate with Valoe on solar solutions
February 27, 2020Finnish technology company, Valoe Oyj, has signed a cooperation agreement with the Munich based Sono Motors GmbH to become a Technology Partner for the integrated solar components of the Sion, a Self-Charging electric car with solar integration.
Volvo and Geely considers a combined companyLoad more news
February 12, 2020Volvo Car AB and Geely Automobile Holdings Limited are considering combining their businesses to create a strong global group, which would accelerate financial and technological synergies between the two companies.