LG Chem to invest $3 billion in US cathode plant
November 28, 2022LG Chem has signed a memorandum of understanding (MOU) with the state of Tennessee to establish a new cathode manufacturing facility in Clarksville with an investment of more than USD 3 billion.
More money for new Hungarian BMW facility
November 28, 2022BMW is significantly increasing its investments in its new plant in Debrecen in eastern Hungary. According to BMW, a good two billion euros will be spent on the plant over the next 2 years.
Global NEV sales reached 2.87 million units for 3Q22
November 25, 2022TrendForce’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.
Hunan Sanan secures order worth $524 million
November 22, 2022Hunan Sanan, a Sanan Optoelectronics subsidiary, has signed a procurement letter of intent (LOI) agreement with an automotive partner. Under the agreement, Hunan Sanan will supply USD 524 million worth of SiC chips to the automaker's new electric vehicle product line in the next few years.
VinES & Gotion High-Tech break ground on new battery factory
November 21, 2022Vingroup company, VinES Energy Solutions, and Gotion have broken ground on the companies new LFP battery cell factory in Vung Ang Economic Zone (Ha Tinh) in Vietnam.
Another production win for Neways
November 17, 2022Neways and Magnetec expand their partnership in Smart mobility for the design, development, and production of Residual Current Devices. Such RCD offers unique and proven technology for measuring current leakages when charging electric vehicles.
Harting and TTI Europe expand their sales partnership
November 17, 2022The Harting Technology Group and TTI, Inc. Europe are expanding their authorised sales partnership to the European region.
BorgWarner invests $500 million in Wolfspeed
November 17, 2022Wolfspeed and BorgWarner are entering into a strategic partnership under which BorgWarner will invest USD 500 million in Wolfspeed's financing transaction in exchange for a SiC device capacity corridor.
Serbia likely to get new EV battery gigafactory
November 15, 2022InoBat Auto has signed protocols and declarations of intent with the Government of the Republic of Serbia for the construction of a new gigafactory in Serbia.
Infineon and Stellantis sign MoU on multi-year delivery of SiC chips
November 15, 2022nfineon Technologies AG and the global automaker Stellantis have signed a non-binding Memorandum of Understanding as a first step towards a potential multi-year supply cooperation for silicon carbide (SiC) semiconductors.
MAN to cut hundreds of jobs at Polish bus plant
November 15, 2022Truck and bus manufacturer MAN is reportedly cutting 860 jobs at its bus plant in Starachowice, Poland.
Aehr receives over $4 million in orders
November 14, 2022Aehr Test Systems has received USD 4.4 million in orders from its lead silicon carbide test and burn-in customer for multiple WaferPak full wafer Contactors to meet their increased production capacity needs for SiC power semiconductors for the EV market.
Vishay acquires MaxPower for $50 million
November 10, 2022Vishay Intertechnology has acquired California-based fabless power semiconductor provide, MaxPower Semiconductor.
Hella expands network with two development sites in Romania
November 09, 2022Automotive supplier Hella, operating under the FORVIA umbrella brand, is further expanding its European research and development network in the electronics area with two new development sites in the major Romanian cities of Iași and Oradea.
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Navitas and VREMT opens joint R&D lab
November 04, 2022Navitas Semiconductor, a pure-play, next-gen power semiconductor company, and VREMT, a supplier of electric powertrain, are opening a joint R&D power semiconductor laboratory to accelerate EV power-system development.
BMW invests $1.7 billion to build EVs in the USLoad more news
November 04, 2022The BMW Group continues the roll-out of its electromobility plan with a new investment in the US to expand Plant Spartanburg and the company’s manufacturing footprint in the US.