Volvo Group's looking to build battery plant in Sweden
August 03, 2022In order to meet the growing demand for battery electric heavy-duty vehicles and machines, the Volvo Group has initiated the process to establish a large-scale production plant for battery cells in Sweden.
ZKW expands production at Mexican location
July 28, 2022Lighting systems specialist invests an additional total of over USD 102 million in production plant in Silao, Mexico.
MAN builds battery factory in Nuremberg
July 06, 2022MAN Truck & Bus establishes large-scale production of batteries for electric trucks and buses at Nuremberg site. An investment that will secure hundreds of jobs and large yearly capacities of battery systems.
Northvolt raises $1.1 billion for its factory rollout plans
July 05, 2022Northvolt 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.
Volvo Cars expands European EV production network
July 01, 2022The Swedish car manufacturer Volvo Cars announced today it will establish a third manufacturing plant in Europe to meet the continued demand from its customers for electric cars and capture future growth potential.
Daimler Truck acquires a stake in Manz
May 26, 2022Manz 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.
Volvo Cars raises EUR 500 million for electrification
May 25, 2022Volvo Cars has placed its second green bond to raise EUR 500 million from a set of global investors. The bond was oversubscribed three-times.
Siemens to sell its Commercial Vehicles business to Meritor
May 25, 2022The move is another step in Siemens plan to sharpen its portfolio as a focused technology company.
Einride orders 110 electric trucks from Scania
May 23, 2022The 110 trucks marks the largest order of heavy duty electric trucks to date for Scania, kicking off a collaborative product development partnership with Einride.
Volvo Trucks opens battery plant in Belgium
May 17, 2022Volvo Trucks' is planning to open a new – first – battery assembly plant in Belgium. Once up and running the plant will supply tailor-made batteries for the company's heavy-duty electric trucks.
NEV market grew in 1Q22 – global sales exceeded 2M units
May 16, 2022According 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%.
KION expands with second production line for e-mobility
April 27, 2022KION Battery Systems (KBS) is expanding its production facility at the Karlstein site in Germany. The company, a partnership between KION GROUP AG and BMZ Holding GmbH, has officially put a second production line for manufacturing 24-volt batteries into operation.
Volvo Cars invests in battery technology company StoreDot
April 19, 2022Volvo Cars has – via its venture capital arm – made an investment in StoreDot, an Israeli company developing extreme-fast charging battery technology for electric cars.
An ASML EUV system arrives at Intel's fab in Ireland
April 11, 2022Last month saw another key milestone for Fab 34 – Intel’s new fab development in Ireland. The first EUV lithography system arrived to the new fab.
Supply constraints forces Volvo Cars to reduce production
March 23, 2022The Swedish carmaker says that it is experiencing a temporary worsened production situation –which expected to last throughout the second quarter – due to lack of a specific type of semiconductor.
Volvo Cars invests SEK 10 billion to make EV switch a reality
February 09, 2022To realise its electric car ambitions, Volvo Cars says it will invest SEK 10 billion (EUR 960 million) in its Torslanda manufacturing plant in Sweden in coming years.
Volvo and Northvolt to create new battery plant in Gothenburg
February 04, 2022Volvo Cars and Northvolt have selected Gothenburg as the location fo a new 50 GWh battery manufacturing plant which will commence operations in 2025.
GM's $7 billion EV push set to create 4,000 new jobs
January 26, 2022General Motors is planning an investment of more than USD 7 billion at four Michigan manufacturing sites – creating 4,000 new jobs and retaining 1,000 – as the company looks to increase battery cell and electric truck manufacturing capacity.
GM to invest $154M in electric motor component production
January 25, 2022General Motors says that it plans to invest nearly USD 154 million in its Western New York Lockport Components plant. The the facility will be renovated and set up with new machinery and equipment for production of the stator module, a key component in an electric motor.
Northvolt assembles first battery cell at Swedish gigafactoryLoad more news
December 29, 2021Swedish battery manufacturer, Northvolt, has officially assembled its first battery cell at its manufacturing facility in Skellefteå, northern Sweden.